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Lev Berel INC FY2022 filing

Tax-deductible

Lakewood, NJ501(c)(3)Religion EIN 45-4551767Revenue $5.0M in FY2022

On file with the IRSlevberel.org111 Madison Ave, 08701-3314 · Lakewood, NJTax-exempt since Sep 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Lev Berel, INC. Was formed to promote educational and social welfare initiatives by raising funds for distribution to schools of higher jewish education and talmudic research located in the US and abroad.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
4 of 5
filings with a surplus
Average surplus $476K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $816K
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$948
0.05% 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
$5.0M
+37% vs prior year
Spent
$3.6M
To programs
97%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$5.0M
FY2022▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$3.6M
FY2022$5.0M
FY2023$4.2M
FY2024$3.9M
Expenses
$3.6M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.6M
FY2023$3.3M
FY2024$4.0M
Net assets
$1.7M
FY2022▲ +439%
Tap a bar for its year
Net assets by fiscal year
FY2020$221K
FY2021$321K
FY2022$1.7M
FY2023$2.7M
FY2024$2.6M

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 Sep 2013.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $3.5M Management & general 3% · $90K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lev Berel INC 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 15aYes

Programs and updates

Raises funds for Jewish higher education and Talmudic research schools.

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2022
01

Promoting educational and social welfare initiatives by raising funds for distribution to schools of higher jewish education and talmudic research located in the us and abroad.

$3.5Mprogram 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
Fidelity Investments Charitable Gift FundFY2024$279K
Toras Chesed INCFY2024$121K
Adar FoundationFY2024$100K
Vanguard Charitable Endowment ProgramFY2024$98K
Donor Advised Charitable Giving INCFY2024$83K
The Ojc FundFY2024$82K
Senior Community Services INCFY2024$27K
National Philanthropic TrustFY2024$10K
Total grants receivedfrom 18 funders$816K
See all 18 funders →
Grants paid · 14 grants · $1.4M · 2020–2024
Bringing Bracha and SupportFY2024$295,000
Zichron EliezerNY · FY2024$283,506
Mosdos Ohr HatorahOH · FY2024$95,950
Mosdos Ohr HatorahOH · FY2023$93,325
Zichron EliezerNY · FY2023$75,357
Mosdos Ohr HatorahOH · FY2022$90,340
Zichron EliezerNY · FY2022$86,991
Mosdos Ohr HatorahOH · FY2021$78,565
Zichron EliezerNY · FY2021$53,128
Cong Ohr MeirNY · FY2021$14,000
Siach YitzchokNY · FY2021$6,000
Zichron EliezerNY · FY2020$99,992
Mosdos Ohr HatorahOH · FY2020$70,970
Siach YitzchokNY · FY2020$8,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$5.0M
Money outPt IX
$3.6M
Ln 25
Programscol B$3.5M
Managementcol C$90K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$948
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.0M
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$948
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 52
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 FY22End FY22
Cash and savingsLn 1–2$324K$1.7M
Total assetsLn 16$324K$1.7M
LiabilitiesLn 26$3K$948
Net assetsLn 32$321K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$177K$177K
Grants and assistance to foreign recipientsLn 3$3.3M$3.3M
Other salaries and wagesLn 7$39K$39K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$2K$2K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$3.6M$3.5M$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.9M$4.0M−$104K$2.6M 990 PDF
FY2023 $4.2M$3.3M$931K$2.7M 990 PDF
FY2022 Viewing $5.0M$3.6M$1.4M$1.7M 990 PDF
FY2021 $3.6M$3.5M$100K$321K 990 PDF
FY2020 $3.2M$3.2M$43K$221K 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 $4,963,651 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,616,432$4,963,651
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $3,616,432$4,963,651
I-13 Grants and similar amounts paidPrior year $3,448,384$3,463,368
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,023$43,254
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $28,274$46,555
I-18 Total expensesPrior year $3,516,681$3,553,177
I-19 Revenue less expensesPrior year $99,751$1,410,474
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,963,651 across 3 lines filed
VIII-1f All other contributions, gifts and grants$4,963,651
VIII-1h Total contributions, gifts and grants$4,963,651
VIII-12 Total revenue$4,963,651
Part IX · Statement of functional expenses $3,553,177 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $177,331$177,331
IX-3 Grants and assistance to foreign recipientsPrograms $3,286,037$3,286,037
IX-7 Other salaries and wagesManagement $39,486$39,486
IX-10 Payroll taxesManagement $3,768$3,768
IX-11c Accounting feesManagement $9,061$9,061
IX-13 Office expensesManagement $2,400$2,400
IX-23 InsuranceManagement $12,185$12,185
IX-24 Other expenses (24a–d)Management $22,909$22,909
IX-25 Total functional expensesPrograms $3,463,368 · Management $89,809 · Fundraising $0$3,553,177
Part X · Balance sheet $1,732,656 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $323,879$1,732,656
X-16 Total assetsStart of year $323,879$1,732,656
X-25 Other liabilitiesStart of year $1,029$948
X-26 Total liabilitiesStart of year $2,645$948
X-27 Net assets without donor restrictionsStart of year $321,234$1,731,708
X-32 Total net assets or fund balancesStart of year $321,234$1,731,708
X-33 Total liabilities and net assetsStart of year $323,879$1,732,656
Part XI · Reconciliation of net assets $1,731,708 net assets at year end
XI-1 Total revenue$4,963,651
XI-2 Total expenses$3,553,177
XI-3 Revenue less expenses$1,410,474
XI-4 Net assets at start of year$321,234
XI-10 Net assets at end of year$1,731,708

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

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