Beer Yitzhak Foundation INC

Tax-deductible

Brooklyn, NY501(c)(3)Diseases & DisordersEIN 26-4480026Revenue $368K in FY2024

On file with the IRS1471 E 63rd St, 11234-5505 · Brooklyn, NYTax-exempt since Aug 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Fundraised funds for a school with campuses in the USA and Israel to prevent it from closing and to enable the students to continue their studies.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 18% of spending
Top officer’s pay higher than 59% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $77K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$146K
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
+4% vs prior year
Spent
$417K
To programs
84%
Net assets
$12K
By yearFY2020–FY2024
Revenue
$368K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$459K
FY2021$497K
FY2022$207K
FY2023$352K
FY2024$368K
Expenses
$417K
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$379K
FY2022$338K
FY2023$360K
FY2024$417K
Net assets
$12K
FY2024▼ -89%
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$251K
FY2022$120K
FY2023$112K
FY2024$12K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $351K Management & general 16% · $66K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$75,077Pt VII · Sec A

Rabbi Yitzhak Isaeli’s $75K as Trustee is at the 59th percentile of top reported officer pay among 901 $100K–1M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Rabbi Yitzhak Isaeli$75,077$52,260

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures funds to keep a US-Israel school open, ensuring students can continue their education.

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Provided by the organization

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1 program · $351K · in their own filed words · FY2024
01

Fundraised funds for a school with campuses in the USA and Israel to prevent it from closing and to enable the students to continue their studies.

$351Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$77K
Grants paid · 11 grants · $129K · 2020–2021
Individual RecipientFY2021$34,000
Individual RecipientFY2021$9,650
Individual RecipientFY2021$6,953
Unitemized GrantFY2021$6,627
Cheder INCFL · FY2021$5,830
Unitemized GrantFY2020$24,841
Individual RecipientFY2020$10,800
Individual RecipientFY2020$6,900
Individual RecipientFY2020$5,535
Individual RecipientFY2020$5,205

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$368K
Ln 12
Gifts and grantsLn 1h$330K
Investment incomeLn 3$37K
Money outPt IX
$417K
Ln 25
Programscol B$351K
Managementcol C$66K
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$158K
LiabilitiesLn 26$146K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$330K
Investment incomeLn 3$37K
Gains on assetsLn 7$36K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$0
Cash and savings togetherLn 1–2$31K
InvestmentsLn 11–13$124K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$158K
LiabilitiesLn 26$146K
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$78K$31K
InvestmentsLn 11–13$180K$124K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$258K$158K
LiabilitiesLn 26$146K$146K
Net assetsLn 32$112K$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$89K$89K
Grants to domestic individualsLn 2$12K$12K
Grants and assistance to foreign recipientsLn 3$78K$78K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$75K$75K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$810$810
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$11K$11K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$45K$20K$25K
TravelLn 17$39K$39K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$8K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$468$468
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$53K$33K$20K
All other expensesLn 24e$548$548
Total functional expensesLn 25$417K$351K$66K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $368K$417K−$50K$12K 990 PDF
FY2023 $352K$360K−$8K$112K 990 PDF
FY2022 $207K$338K−$131K$120K 990 PDF
FY2021 $497K$379K$118K$251K 990 PDF
FY2020 $459K$379K$80K$133K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $367,547 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $408,909$330,353
I-9 Program service revenue$0
I-10 Investment incomePrior year −$57,136$37,194
I-11 Other revenue$0
I-12 Total revenuePrior year $351,773$367,547
I-13 Grants and similar amounts paidPrior year $141,851$178,267
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $57,794$80,820
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $160,469$158,256
I-18 Total expensesPrior year $360,114$417,343
I-19 Revenue less expensesPrior year −$8,341−$49,796
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $367,547 across 8 lines filed
VIII-1a Federated campaigns$330,353
VIII-1h Total contributions, gifts and grants$330,353
VIII-3 Investment incomeRelated to mission $841$841
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $36,353$36,353
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $37,194$367,547
Part IX · Statement of functional expenses $417,343 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $88,554$88,554
IX-2 Grants to domestic individualsPrograms $12,091$12,091
IX-3 Grants and assistance to foreign recipientsPrograms $77,622$77,622
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $75,077$75,077
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,743$5,743
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $810$810
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $11,027$11,027
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,476 · Management $25,000$45,476
IX-17 TravelPrograms $38,954$38,954
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $8,400$8,400
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $468$468
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $32,728 · Management $19,845$52,573
IX-24e All other expensesManagement $548$548
IX-25 Total functional expensesPrograms $351,245 · Management $66,098 · Fundraising $0$417,343
Part X · Balance sheet $158,229 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $78,034$31,337
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$2,810
X-11 Publicly traded securitiesStart of year $180,057$124,082
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $258,091$158,229
X-25 Other liabilitiesStart of year $146,100$146,100
X-26 Total liabilitiesStart of year $146,100$146,100
X-32 Total net assets or fund balancesStart of year $111,991$12,129
X-33 Total liabilities and net assetsStart of year $258,091$158,229
Part XI · Reconciliation of net assets $12,129 net assets at year end
XI-1 Total revenue$367,547
XI-2 Total expenses$417,343
XI-3 Revenue less expenses−$49,796
XI-4 Net assets at start of year$111,991
XI-5 Net unrealized gains (losses) on investments−$47,322
XI-7 Investment expenses−$2,744
XI-10 Net assets at end of year$12,129

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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