Yaffed INC EIN 45-5372883 Form 990 (PDF) Claim this org

Yaffed INC FY2022 filing

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Empowers students with academic skills for economic self-sufficiency and personal fulfillment. For fiscal year 2022 it reported $1.2M in revenue, $951K in expenses, and $929K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Brooklyn, NY
Website
www.yaffed.org
Filings
6 on file (2019–2022)
Revenue
$1.2MFY2022
Expenses
$951K
Net assets
$929K
People
18
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-5372883 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers students with academic skills for economic self-sufficiency and personal fulfillment.
Leadership
Naftuli Moster · Former Exec Dir · $150K
Money in and out
$1.2M revenue, $951K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$951K
Pt IX · Ln 25
Net assets
$929K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $253K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.18 Fundraising $0.14
Program efficiency
80%
of spending reaches programs
Operating runway
11.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.2M
FY2022▲ +46%
Expenses
$951K
FY2022▲ +8%
Total assets
$946K
FY2022▲ +39%
Total liabilities
$18K
FY2022▲ +205%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$951K
Pt IX · Ln 25
Net assets
$929K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$253K
Total assetsPt X · Ln 16$946K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYaffed INC
EINHdr · item D45-5372883
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.yaffed.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Former Exec Dir
$149,700Pt VII · Sec A
$105,438Pt VII · Sec A
Executive Dir.
$34,207Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Adina Konikoff’s $148K as Executive Di is at the 95th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Naftuli Moster$149,700$115,000$100,000$90,833
Adina Konikoff$147,917
Beatrice Weber$63,772$142,775
Vanessa Meghnagi$105,438
Beatrice Webber$34,207

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

1. Working with new york education officials to encourage the enforcement of substanial equivelancy regulations. 2. Advancing awareness of the lack of secular education in yeshivas. 3. Enhancing the desire for secular education within the yeshiva community.

$758Kprogram expense
02

1. Working with new york education officials to encourage the enforcement of substanial equivelancy regulations. 2. Advancing awareness of the lack of secular education in yeshivas. 3. Enhancing the desire for secular education within the yeshiva community.

$648Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.2M
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.18 Fundraising $0.14
Program services80%$758K
Management & general18%$170K
Fundraising14%$132K
Total functional expensesLn 25$951K

Balance Sheet

Part X · end of year
CashLn 1$916K
Total assetsLn 16$946K
Total liabilitiesLn 26$18K
Total net assetsLn 32$929K
Months of cash on handcomputed11.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $916K · Operating expenses/yr $951K
11.6 months
Where the money goes
Program services
Program services $758K · Total expenses $951K
80%
Management & General
Management & general $119K · Total expenses $951K
13%
Fundraising
Fundraising $74K · Total expenses $951K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $71K · Solicited contributions (3-yr avg) $953K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
100%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $0 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $951K
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $826K
+46%
Net-asset trend (YoY)
End of year $929K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $951K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $946K
Net-asset ratio
Net assets $929K · Total assets $946K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $946K
0%
People & payroll
Highest Reported Total Compensation
Individual Vanessa Meghnagi · Reported title Director · Highest reported compensation $105K · Total expenses $951K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $529K · Total expenses $951K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 18%
Fundraising cost ratio 11%
Revenue growth 46%
Investment management fee ratio 0%
Legal fee ratio 4%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$573K revenue · ⤓ 990 PDF
FY2023$569K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · viewing · ⤓ 990 PDF
FY2021$826K revenue · ⤓ 990 PDF
FY2020$829K revenue · ⤓ 990 PDF
FY2019$587K revenue · ⤓ 990 PDF

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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
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