Ic Hessed Foundation FY2022 filing

New York, NYPrivate foundation / grantmakerEIN 27-6354369

Before you give

FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990-PF
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $3K a year · 3% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
990-PF Pt I · 4 filings
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$90K
-26% vs prior year
Spent
$120K
Net assets
$49K
By yearFY2020–FY2023
Revenue
$90K
FY2022▼ -26%
Revenue by fiscal year
FY2020$120K
FY2021$122K
FY2022$90K
FY2023$33K
Expenses
$120K
FY2022▼ -7%
Expenses by fiscal year
FY2020$46K
FY2021$128K
FY2022$120K
FY2023$80K
Net assets
$49K
FY2022▼ -38%
Net assets by fiscal year
FY2020$86K
FY2021$79K
FY2022$49K
FY2023$2K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CIc Hessed Foundation
EINHdr · item D27-6354369
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2023 · Form 990-PF
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$120K
Operating & administrative$450
Total functional expensesLn 25$120K

Financial health

Is it on solid ground?

Total assets
49K
deployed as grants and operations
Grants paid
120K
in FY2022
Grants made
101grants
total in period
Payout rate
243%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Total assets
$49K
FY2022▼ -38%
Total assets by fiscal year
FY2020$86K
FY2021$79K
FY2022$49K
FY2023$2K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Total assetsPt II$49K

Balance Sheet

Part X · end of year
CashLn 1$49K
Total assetsLn 16$49K
Total liabilitiesLn 26$0
Total net assetsLn 32$49K
Months of cash on handcomputed4.9

Statement of Revenue

Part VIII
Contributions & grants100%$90K
Total revenueLn 12$90K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $49K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $90K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $90K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $90K · Prior year $122K
-26%
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $90K · Expenses $120K
-33%
Liabilities-to-Assets
Total liabilities — · Total assets $49K
—
Net-asset ratio
Net assets $49K · Total assets $49K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $120K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -26%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported

Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

A private foundation based in New York, NY.

Provided by the organization

This section is blank until Ic Hessed Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 101 grants · $80K · 2023–2023
Congregation Shaare ZionFY2023$10,000
Congregation Shaare ZionFY2023$7,200
Shaare ZionFY2023$6,661
American ExpressFY2023$3,000
Lev EliyahuFY2023$2,600
American ExpressFY2023$2,600
The NY SeminaryFY2023$2,520
Yeshivat Ateret TorahFY2023$2,500
Congregation Shaare ZionFY2023$2,100
DiscoverAZ · FY2023$1,827
Mattan Basseter INCNY · FY2023$1,800
Congregation Shaare ZionFY2023$1,701
Deal Sephardic NetworkFY2023$1,600
Shaare RahaminFY2023$1,500
Yad YosefNY · FY2023$1,400
Sephardic Bikur HolimFY2023$1,180
DiscoverAZ · FY2023$1,167
VariousFY2023$1,064
See all 101 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV21
Average grantPart XV$790
Median grantPart XV$301
Largest grantPart XV$10K
Top cause focusNTEEReligion (10%)

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $33K$80K-63% 990 PDF
FY2022 Viewing $90K$120K-26% 990 PDF
FY2021 $122K$128K+1% 990 PDF
FY2020 $120K$46K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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