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Destiny Foundation FY2021 filing

Tax-deductible

Lakewood, NJ501(c)(3)EducationEIN 38-3291795Revenue $311K in FY2021

On file with the IRS564 Marc Dr, 08701-5115 · Lakewood, NJTax-exempt since Mar 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To promote awareness of and educate the public about jewish heritage and history through film, lectures, theater and other media.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
0 of 5
filings with a surplus
Average deficit $186K a year · 45% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311K
-30% vs prior year
Spent
$630K
To programs
71%
Net assets
$817K
By yearFY2020–FY2024
Revenue
$311K
FY2021▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$442K
FY2021$311K
FY2022$571K
FY2023$373K
FY2024$378K
Expenses
$630K
FY2021▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$673K
FY2021$630K
FY2022$642K
FY2023$641K
FY2024$418K
Net assets
$817K
FY2021▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$817K
FY2022$747K
FY2023$479K
FY2024$439K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Mar 1998.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $449K Management & general 29% · $181K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
David Hammer
Director
$0Pt VII · Sec A
Gary Torgow
Vice Pres
$0Pt VII · Sec A
See Destiny Foundation 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

Educates the public about Jewish heritage and history using film, lectures, and theater.

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Provided by the organization

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3 programs · $449K · in their own filed words · FY2021
01

Presentation of tapes and videos depicting the life and achievements of great jewish scholars to schools and synagogues.

$324Kprogram expense
02

Conference educational programs and other events to promote education.

$77Kprogram expense
03

Educational projects where films are presented to advance jewish education and prepare teachers to present the subject matter properly

$47Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$311K
Ln 12
Fees for servicesLn 2g$168K
Gifts and grantsLn 1h$143K
Investment incomeLn 3$80
Money outPt IX
$630K
Ln 25
Programscol B$449K
Managementcol C$181K
Owns and owesPt X
$817K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$854K
LiabilitiesLn 26$37K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$143K
Fees for servicesLn 2g$168K
Investment incomeLn 3$80
Total revenueLn 12$311K
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
Other assetsLn 15$635K
Total assetsLn 16$854K
LiabilitiesLn 26$37K
Net assetsLn 32$817K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$270K$219K
Total assetsLn 16$1.2M$854K
LiabilitiesLn 26$42K$37K
Net assetsLn 32$1.1M$817K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$132K$132K
Other employee benefitsLn 9$11K$11K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$3K$3K
OccupancyLn 16$7K$7K
Depreciation, depletion and amortizationLn 22$274K$274K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$148K$148K
All other expensesLn 24e$39K$27K$13K
Total functional expensesLn 25$630K$449K$181K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $378K$418K−$40K$439K 990 PDF
FY2023 $373K$641K−$268K$479K 990 PDF
FY2022 $571K$642K−$70K$747K 990 PDF
FY2021 Viewing $311K$630K−$319K$817K 990 PDF
FY2020 $442K$673K−$231K$1.1M 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 FY2021 990 (6 parts)
Part I · Summary $311,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $209,598$142,668
I-9 Program service revenuePrior year $232,592$168,343
I-10 Investment incomePrior year $175$80
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $442,365$311,091
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $143,519$143,543
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $529,632$486,329
I-18 Total expensesPrior year $673,151$629,872
I-19 Revenue less expensesPrior year −$230,786−$318,781
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
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 $311,091 across 5 lines filed
VIII-1f All other contributions, gifts and grants$142,668
VIII-1h Total contributions, gifts and grants$142,668
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $168,343$168,343
VIII-3 Investment incomeRelated to mission $80$80
VIII-12 Total revenueRelated to mission $80 · Unrelated business $168,343 · Excluded from tax $0$311,091
Part IX · Statement of functional expenses $629,872 across 11 lines filed
IX-7 Other salaries and wagesManagement $132,371$132,371
IX-9 Other employee benefitsManagement $11,172$11,172
IX-11a Management feesManagement $4,252$4,252
IX-11c Accounting feesManagement $3,500$3,500
IX-12 Advertising and promotionManagement $3,788$3,788
IX-13 Office expensesManagement $2,868$2,868
IX-16 OccupancyManagement $7,150$7,150
IX-22 Depreciation, depletion and amortizationPrograms $273,646$273,646
IX-23 InsuranceManagement $3,356$3,356
IX-24 Other expenses (24a–d)Programs $148,474$148,474
IX-24e All other expensesPrograms $26,753 · Management $12,542$39,295
IX-25 Total functional expensesPrograms $448,873 · Management $180,999 · Fundraising $0$629,872
Part X · Balance sheet $853,971 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $270,046$218,996
X-15 Other assetsStart of year $908,621$634,975
X-16 Total assetsStart of year $1,178,667$853,971
X-17 Accounts payable and accrued expensesStart of year $39,155$33,067
X-25 Other liabilitiesStart of year $3,302$3,475
X-26 Total liabilitiesStart of year $42,457$36,542
X-32 Total net assets or fund balancesStart of year $1,136,210$817,429
X-33 Total liabilities and net assetsStart of year $1,178,667$853,971
Part XI · Reconciliation of net assets $817,429 net assets at year end
XI-1 Total revenue$311,091
XI-2 Total expenses$629,872
XI-3 Revenue less expenses−$318,781
XI-4 Net assets at start of year$1,136,210
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$817,429

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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