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Chazak FY2022 filing

Tax-deductible

New York, NY501(c)(3)Youth Development EIN 37-1972043Revenue $1.8M in FY2022

On file with the IRSwearechazak.com151 E 72nd St, 10021-4300 · New York, NYTax-exempt since Nov 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Chazak is a global Jewish organization that inspires, equips, and unites young people through the profound wisdom of the Torah and the rich Sephardic heritage. Within our diverse community, we strive to foster fulfilling lives and impactful leadership. Our initiatives are founded on our core values of education, leadership, and community, and we provide in-depth exploration of Jewish traditions and the Sephardic ethos. Our initiatives go beyond borders, including retreats and trips all over the world, fostering cultural exchange, and promoting a better understanding of our common heritage. We remain committed to our mission of developing leaders, fostering unity, and ensuring a vibrant future for the Sephardic Jewish community and the world at large.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 4
filings with a surplus
Average surplus $369K a year · 15% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $92K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+0.8% vs prior year
Spent
$1.2M
To programs
74%
Net assets
$2.0M
By yearFY2021–FY2024
Revenue
$1.8M
FY2022▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.7M
FY2022$1.8M
FY2023$3.2M
FY2024$3.1M
Expenses
$1.2M
FY2022▲ +230%
Tap a bar for its year
Expenses by fiscal year
FY2021$355K
FY2022$1.2M
FY2023$3.4M
FY2024$3.3M
Net assets
$2.0M
FY2022▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4M
FY2022$2.0M
FY2023$1.7M
FY2024$1.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $869K Management & general 26% · $302K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Shlomo Farhi
Chairman
$0Pt VII · Sec A
Moshe Levy
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
Yitsy David
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Meir Sultan
Director
$0Pt VII · Sec A
See Chazak executive salaries →

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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

Inspires, equips, and unites young people globally through Torah wisdom and Sephardic heritage.

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Provided by the organization

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3 programs · $869K · in their own filed words · FY2022
01

Our vision is to build youth that are energized and equipped with strong ideals and solid tools to ensure a promising future for the whole community. Thousands of teens participate in the weekly programmes and trips that are run to ignite their Jewish pride and passion for learning.

$703Kprogram expense
02

We are proud to reflect on the enriching experience of our 2022 Morocco Trip as Chazak. This one-of-a-kind journey was designed for Sephardic community members to celebrate and share their rich heritage and distinctive cuisine during..

$87Kprogram expense
03

We are proud to reflect on the enriching experience of our 2022 Chazak Pesach Trip as Chazak. This one-of-a-kind journey was designed for Sephardic community members to celebrate and share their rich heritage and distinctive cuisine during the Passover holidays.

$79Kprogram 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 · FY2024
Jewish Communal FundFY2024$71K
Morgan Stanley Global Impact Funding Trust INCFY2024$21K
Total grants receivedfrom 2 funders$92K
Grants paid · 3 grants · $37K · 2023–2024
Unitemized GrantFY2024$17,488
Keter TorahNJ · FY2024$8,000
Unitemized GrantFY2023$11,450

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$87K
Money outPt IX
$1.2M
Ln 25
Programscol B$869K
Managementcol C$302K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$582K
Total assetsLn 16$2.0M
LiabilitiesLn 26$17K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$87K
Gains on assetsLn 7$0
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$582K
SavingsLn 2$0
Cash and savings togetherLn 1–2$582K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$0
Total assetsLn 16$2.0M
LiabilitiesLn 26$17K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY22End FY22
Cash and savingsLn 1–2$1.3M$582K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$55K$1.4M
Total assetsLn 16$1.4M$2.0M
LiabilitiesLn 26$0$17K
Net assetsLn 32$1.4M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$45K$45K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
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$0
Management feesLn 11a$117K$117K
Legal feesLn 11b$50K$50K
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$150K$150K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$85K$68K$17K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$53K$53K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$579K$479K$100K
All other expensesLn 24e$81K$74K$8K
Total functional expensesLn 25$1.2M$869K$302K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$3.3M−$197K$1.5M 990 PDF
FY2023 $3.2M$3.4M−$295K$1.7M 990 PDF
FY2022 Viewing $1.8M$1.2M$582K$2.0M 990 PDF
FY2021 $1.7M$355K$1.4M$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,753,741 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,739,458$1,667,016
I-9 Program service revenue$86,725
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,739,458$1,753,741
I-13 Grants and similar amounts paid$45,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $354,632$1,126,320
I-18 Total expensesPrior year $354,632$1,171,320
I-19 Revenue less expensesPrior year $1,384,826$582,421
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
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 $1,753,741 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,667,016
VIII-1h Total contributions, gifts and grants$1,667,016
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $86,725$86,725
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $86,725$1,753,741
Part IX · Statement of functional expenses $1,171,320 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $45,000$45,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
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 taxes$0
IX-11a Management feesManagement $117,381$117,381
IX-11b Legal feesManagement $50,000$50,000
IX-11c Accounting feesManagement $3,000$3,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $150,464$150,464
IX-12 Advertising and promotionManagement $2,050$2,050
IX-13 Office expensesManagement $1,254$1,254
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $68,200 · Management $17,050$85,250
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $52,575$52,575
IX-23 InsuranceManagement $3,973$3,973
IX-24 Other expenses (24a–d)Programs $478,962 · Management $100,000$578,962
IX-24e All other expensesPrograms $73,620 · Management $7,791$81,411
IX-25 Total functional expensesPrograms $868,821 · Management $302,499 · Fundraising $0$1,171,320
Part X · Balance sheet $1,984,101 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,329,974$581,825
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, netStart of year $54,851$1,402,276
X-11 Publicly traded securities$0
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 $1,384,825$1,984,101
X-17 Accounts payable and accrued expenses$16,855
X-26 Total liabilitiesStart of year $0$16,855
X-27 Net assets without donor restrictionsStart of year $1,384,825$1,967,246
X-32 Total net assets or fund balancesStart of year $1,384,825$1,967,246
X-33 Total liabilities and net assetsStart of year $1,384,825$1,984,101
Part XI · Reconciliation of net assets $1,967,246 net assets at year end
XI-1 Total revenue$1,753,741
XI-2 Total expenses$1,171,320
XI-3 Revenue less expenses$582,421
XI-4 Net assets at start of year$1,384,825
XI-10 Net assets at end of year$1,967,246

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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