Tzdaka Foundation INC FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Foundations & GrantmakersEIN 46-3371328Revenue $524K in FY2023

On file with the IRS401 E 5th St, 11218-4004 · Brooklyn, NYTax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

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"to provide financial support to the educational and charity organizations in the united states and abroad whose activities are directed towards promoting the jewish values and the light of torah in the world by means of: returning the jews to their traditions; creation of places of jewish education and torah learning; building synagogues and community centers; assistance to low income families and individuals.

501(c)(3) charity; gifts are tax-deductible.
96¢ 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
4 of 5
filings with a surplus
Average surplus $16K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.6% of total assets
Looks good: liabilities are 1% 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
$524K
+54% vs prior year
Spent
$477K
To programs
96%
Net assets
$205K
By yearFY2020–FY2024
Revenue
$524K
FY2023▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$487K
FY2021$639K
FY2022$341K
FY2023$524K
FY2024$543K
Expenses
$477K
FY2023▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$475K
FY2021$601K
FY2022$296K
FY2023$477K
FY2024$604K
Net assets
$205K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$125K
FY2021$163K
FY2022$209K
FY2023$205K
FY2024$144K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
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 Jun 2014.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $458K Management & general 0% · $468 Fundraising 4% · $18K

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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tzdaka Foundation 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 15aNo

Programs and updates

Supports Jewish educational and charitable groups promoting tradition, learning, and community worldwide.

Provided by the organization

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1 program · $458K · in their own filed words · FY2023
01

To promote jewish values, traditions, and torah learning.

$458Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$12K
Grants paid · 1 grant · $15K · 2021–2021
Individual RecipientFY2021$15,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$524K
Ln 12
Gifts and grantsLn 1h$524K
Money outPt IX
$477K
Ln 25
Programscol B$458K
Managementcol C$468
Fundraisingcol D$18K
Owns and owesPt X
$205K
net assets · Ln 32
Cash and savingsLn 1–2$206K
Total assetsLn 16$206K
LiabilitiesLn 26$1K
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$524K
Total revenueLn 12$524K
Assets in detailPt X, end of year
CashLn 1$206K
Cash and savings togetherLn 1–2$206K
Total assetsLn 16$206K
LiabilitiesLn 26$1K
Net assetsLn 32$205K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$157K$206K
Total assetsLn 16$157K$206K
LiabilitiesLn 26$0$1K
Net assetsLn 32$157K$205K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$449K$449K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$18K$167$468$18K
Total functional expensesLn 25$477K$458K$468$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $543K$604K−$61K$144K 990 PDF
FY2023 Viewing $524K$477K$48K$205K 990 PDF
FY2022 $341K$296K$45K$209K 990 PDF
FY2021 $639K$601K$38K$163K 990 PDF
FY2020 $487K$475K$12K$125K 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 (6 parts)
Part I · Summary $524,464 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $503,477$524,464
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $503,477$524,464
I-13 Grants and similar amounts paidPrior year $470,998$449,115
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,954$27,405
I-18 Total expensesPrior year $509,952$476,520
I-19 Revenue less expensesPrior year −$6,475$47,944
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $524,464 across 3 lines filed
VIII-1f All other contributions, gifts and grants$524,464
VIII-1h Total contributions, gifts and grants$524,464
VIII-12 Total revenue$524,464
Part IX · Statement of functional expenses $476,520 across 3 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $449,115$449,115
IX-11c Accounting feesPrograms $9,200$9,200
IX-11g Other fees for servicesPrograms $167 · Management $468 · Fundraising $17,570$18,205
IX-25 Total functional expensesPrograms $458,482 · Management $468 · Fundraising $17,570$476,520
Part X · Balance sheet $206,078 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $156,934$206,078
X-16 Total assetsStart of year $156,934$206,078
X-17 Accounts payable and accrued expenses$1,200
X-26 Total liabilitiesStart of year $0$1,200
X-27 Net assets without donor restrictionsStart of year $156,934$204,878
X-32 Total net assets or fund balancesStart of year $156,934$204,878
X-33 Total liabilities and net assetsStart of year $156,934$206,078
Part XI · Reconciliation of net assets $204,878 net assets at year end
XI-1 Total revenue$524,464
XI-2 Total expenses$476,520
XI-3 Revenue less expenses$47,944
XI-4 Net assets at start of year$156,934
XI-10 Net assets at end of year$204,878

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

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