Mercava INC EIN 46-4176398

Mercava INC

EIN  46-4176398 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Haim Shusan · President
Money in and out
$116K revenue, $34K expenses
Bottom line
75% program efficiency

Mercava INC is an education nonprofit based in Brooklyn, NY. For fiscal year 2024 it reported $116K in revenue, $34K in expenses, and $-14K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$116K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$-14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $83K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs▼ -23% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▲ +289% vs prior filing year
Surplus margin
+71%
revenue over expenses, this year▲ ×11 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$116K
FY2024▼ -34%
Expenses
$34K
FY2024▼ -82%
Total assets
$21K
FY2024▼ -33%
Total liabilities
$35K
FY2024▼ -73%
Total revenue
$116K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$-14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$83K
Total assetsPt X · Ln 16$21K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $25K of program spending, described in the organization's own filed words · FY2024.
01

Organizations Mission or Most Significant Activities The goal of the organization is to fund the development of online interactive tools that will overlay multiple sources from Jewish text and provide a dynamic interactive product for use in Jewish study including translations, videos, images, cross references and other features to…

$25Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMercava INC
EINHdr · item D46-4176398
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$116K
Investment income$2
Total revenueLn 12$116K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$25K
Management & general25%$8K
Total functional expensesLn 25$34K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$21K
Total liabilitiesLn 26$35K
Total net assetsLn 32$-14K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21K · Operating expenses/yr $34K
7.4 months
Where the money goes
Program services
Program services $25K · Total expenses $34K
75%
Management & General
Management & general $8K · Total expenses $34K
25%
Fundraising
Fundraising $0 · Total expenses $34K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $409K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $116K · Total revenue $116K
100%
Government reliance
Government grants — · Total revenue $116K
Earned-income share
Program service revenue $0 · Total revenue $116K
0%
Investment reliance
Investment income $2 · Total revenue $116K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $34K
0%
Growth & trend
Revenue growth (YoY)
This year $116K · Prior year $177K
-34%
Revenue CAGR
FY2020 $137K · FY2024 $116K
-4%
Net-asset trend (YoY)
End of year $-14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $116K · Expenses $34K
+71%
Liabilities-to-Assets
Total liabilities — · Total assets $21K
Net-asset ratio
Net assets $-14K · Total assets $21K
-68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $21K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Haim Shusan · Reported title President · Highest reported compensation $0 · Total expenses $34K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $34K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth -34%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 6%

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 · FY2023
Total grants receivedfrom 3 funders$110K
See all 3 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)$116K revenue · viewing · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF
FY2022$932K revenue · ⤓ 990 PDF
FY2021$740K revenue · ⤓ 990 PDF
FY2020$137K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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