Matan B-Seter FY2023 filing

Tax-deductible

Southfield, MI501(c)(3)EIN 38-2884963

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To provide critical financial aid to those in need in the Metropolitan Detroit Jewish community.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $21K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$464K
+3% vs prior year
Spent
$446K
To programs
98%
Net assets
$149K
By yearFY2020–FY2024
Revenue
$464K
FY2023▲ +3%
Revenue by fiscal year
FY2020$381K
FY2021$451K
FY2022$450K
FY2023$464K
FY2024$446K
Expenses
$446K
FY2023▼ -6%
Expenses by fiscal year
FY2020$301K
FY2021$407K
FY2022$476K
FY2023$446K
FY2024$456K
Net assets
$149K
FY2023▲ +14%
Net assets by fiscal year
FY2020$113K
FY2021$157K
FY2022$131K
FY2023$149K
FY2024$139K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Oct 1989.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $436K Management & general 2% · $9K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director & Treasurer
$0Pt VII · Sec A
Director & Secretary
$0Pt VII · Sec A
President & Gabbai Tzedakah
$0Pt VII · Sec A
Gabbai Tzedakah
$0Pt VII · Sec A
See Matan B-Seter 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

Offers financial aid to those in need within the Detroit Jewish community.

Provided by the organization

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1 program · $436K · in their own filed words · FY2023
01

Matan BSeter collects funds from the local Jewish community members and distributes them to the needy members of the community, providing emergency financial assistance, helping families with the basics required to celebrate weddings and other joyous occasions, and with financial assistance to properly celebrate Jewish Holidays.

$436Kprogram 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
Total grants receivedfrom 1 funder$22K
Grants paid · 5 grants · $2.1M · 2020–2024
Unitemized GrantFY2024$452,296
Unitemized GrantFY2023$436,119
Unitemized GrantFY2022$471,217
Unitemized GrantFY2021$423,418
Unitemized GrantFY2020$298,880

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$464K
Ln 12
Gifts and grantsLn 1h$479K
Money outPt IX
$446K
Ln 25
Programscol B$436K
Managementcol C$9K
Owns and owesPt X
$149K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$479K
Fundraising eventsLn 1c$65K
Total revenueLn 12$464K
Assets in detailPt X, end of year
CashLn 1$149K
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$0
Net assetsLn 32$149K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$131K$149K
Total assetsLn 16$131K$149K
LiabilitiesLn 26$0$0
Net assetsLn 32$131K$149K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$436K$436K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$250$250
Office expensesLn 13$507$507
Total functional expensesLn 25$446K$436K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $446K$456K−$10K$139K 990 PDF
FY2023 Viewing $464K$446K$18K$149K 990 PDF
FY2022 $450K$476K−$26K$131K 990 PDF
FY2021 $451K$407K$44K$157K 990 PDF
FY2020 $381K$301K$79K$113K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $463,515 across 5 lines filed
VIII-1c Fundraising events$65,488
VIII-1f All other contributions, gifts and grants$413,577
VIII-1h Total contributions, gifts and grants$479,065
VIII-8 Net income from fundraising eventsExcluded from tax −$15,550−$15,550
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$15,550$463,515
Part IX · Statement of functional expenses $445,547 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $436,119$436,119
IX-11c Accounting feesManagement $2,600$2,600
IX-11g Other fees for servicesManagement $6,071$6,071
IX-12 Advertising and promotionManagement $250$250
IX-13 Office expensesManagement $507$507
IX-25 Total functional expensesPrograms $436,119 · Management $9,428 · Fundraising $0$445,547
Part X · Balance sheet $149,040 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $131,072$149,040
X-16 Total assetsStart of year $131,072$149,040
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $131,072$149,040
X-32 Total net assets or fund balancesStart of year $131,072$149,040
X-33 Total liabilities and net assetsStart of year $131,072$149,040
Part XI · Reconciliation of net assets $149,040 net assets at year end
XI-1 Total revenue$463,515
XI-2 Total expenses$445,547
XI-3 Revenue less expenses$17,968
XI-4 Net assets at start of year$131,072
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$149,040

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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