Maalot FY2021 filing

Tax-deductible

Lawrence, NY501(c)(3)Since 2014ReligionEIN 47-2059755

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The organization maintains a donor advised fund in order to provide services to donors that will enable them to realize their charitable giving in an administratively efficient and personally rewarding fashion.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
5 of 5
filings with a surplus
Average surplus $4.6M a year · 60% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.0M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% 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
$4.2M
+22% vs prior year
Spent
$1.8M
To programs
100%
Net assets
$8.8M
By yearFY2020–FY2024
Revenue
$4.2M
FY2021▲ +22%
Revenue by fiscal year
FY2020$3.4M
FY2021$4.2M
FY2022$8.3M
FY2023$7.8M
FY2024$14.6M
Expenses
$1.8M
FY2021▲ +273%
Expenses by fiscal year
FY2020$480K
FY2021$1.8M
FY2022$4.7M
FY2023$3.9M
FY2024$4.4M
Net assets
$8.8M
FY2021▲ +37%
Net assets by fiscal year
FY2020$6.5M
FY2021$8.8M
FY2022$12.4M
FY2023$16.5M
FY2024$26.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.8M Management & general 0% · $4K

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
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Maalot 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

Manages a donor-advised fund to help donors efficiently distribute their charitable contributions to various nonprofit organizations with ease and administrative support.

Provided by the organization

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1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2021.
01

Our responsibility is to serve our fundholders who have entrusted us with their charitable dollars. We take this responsibility very seriously and are dedicated to treating our fundholders with the utmost integrity and respect.

$1.8Mprogram expense

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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
The Ojc FundFY2024$763K
Total grants receivedfrom 5 funders$1.0M
See all 5 funders →
Grants paid · 282 grants · $11.0M · 2020–2024
Donors Fund INCNJ · FY2024$355,570
Mifal Kol Hatorah Kulah INCNY · FY2024$250,000
Cong Shaarei Eliezer Torna INCNY · FY2024$215,000
Congregation Ohr Meir INCNJ · FY2024$85,000
Bais SinaNY · FY2024$65,000
Congregation Ohr MosheNY · FY2024$55,000
Yad Elka INCNY · FY2024$55,000
Yeshiva of Spring Valley INCNY · FY2024$52,100
Simchas Kallah INCNJ · FY2024$50,000
Harchava Charitable Fund INCFL · FY2024$46,500
The Ojc FundNY · FY2024$42,750
Yeshivah of FlatbushNY · FY2024$40,600
Yeshiva Ohr Yisrael INCNY · FY2024$40,000
Congregation Beth IsraelNY · FY2024$40,000
Hachaim Vehashalom INCNY · FY2024$35,505
Congregation Bais Meir INCNJ · FY2024$35,000
See all 282 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Investment incomeLn 3$9K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.8M
Managementcol C$4K
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$752K
Total assetsLn 16$8.8M
LiabilitiesLn 26$0
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$4.2M
Government grantsLn 1e$234
Investment incomeLn 3$9K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$752K
Cash and savings togetherLn 1–2$752K
InvestmentsLn 11–13$7.7M
Other assetsLn 15$0
Total assetsLn 16$8.8M
LiabilitiesLn 26$0
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
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 FY21End FY21
Cash and savingsLn 1–2$1.6M$752K
InvestmentsLn 11–13$4.5M$7.7M
Total assetsLn 16$6.5M$8.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.5M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Other salaries and wagesLn 7$3K$3K
Payroll taxesLn 10$316$316
Office expensesLn 13$166$166
Total functional expensesLn 25$1.8M$1.8M$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $14.6M$4.4M$10.2M$26.9M 990 PDF
FY2023 $7.8M$3.9M$3.9M$16.5M 990 PDF
FY2022 $8.3M$4.7M$3.6M$12.4M 990 PDF
FY2021 Viewing $4.2M$1.8M$2.4M$8.8M 990 PDF
FY2020 $3.4M$480K$2.9M$6.5M 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 (4 parts)
Part VIII · Statement of revenue $4,175,926 across 6 lines filed
VIII-1e Government grants$234
VIII-1f All other contributions, gifts and grants$4,176,196
VIII-1h Total contributions, gifts and grants$4,176,430
VIII-3 Investment incomeExcluded from tax $9,303$9,303
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$9,807−$9,807
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$504$4,175,926
Part IX · Statement of functional expenses $1,792,332 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $1,788,388$1,788,388
IX-7 Other salaries and wagesManagement $3,462$3,462
IX-10 Payroll taxesManagement $316$316
IX-13 Office expensesManagement $166$166
IX-25 Total functional expensesPrograms $1,788,388 · Management $3,944 · Fundraising $0$1,792,332
Part X · Balance sheet $8,839,184 assets, 8 lines filed
Asset lines not itemized here account for $405,399; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,630,967$752,159
X-12 Other securitiesStart of year $4,463,984$7,681,626
X-15 Other assetsStart of year $210,000$0
X-16 Total assetsStart of year $6,455,590$8,839,184
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $6,455,590$8,839,184
X-32 Total net assets or fund balancesStart of year $6,455,590$8,839,184
X-33 Total liabilities and net assetsStart of year $6,455,590$8,839,184
Part XI · Reconciliation of net assets $8,839,184 net assets at year end
XI-1 Total revenue$4,175,926
XI-2 Total expenses$1,792,332
XI-3 Revenue less expenses$2,383,594
XI-4 Net assets at start of year$6,455,590
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,839,184

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

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