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Ozer Olam INC

Tax-deductible

Lakewood, NJ501(c)(3)EducationEIN 81-1139825Revenue $2.0M in FY2024

On file with the IRS13 Clayton CT, 08701-3755 · Lakewood, NJTax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To provide assistance to educational organziations, to assist indigent scholars, and to provide educational events and opportunities

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 4
filings with a surplus
Average deficit $53K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $41K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$214K
153% of total assets
Concern: liabilities are 153% of assets; over 80%.
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
$2.0M
+0.4% vs prior year
Spent
$2.1M
To programs
83%
Net assets
−$74K
By yearFY2021–FY2024
Revenue
$2.0M
FY2024+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$2.1M
FY2023$2.0M
FY2024$2.0M
Expenses
$2.1M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$2.5M
FY2023$2.0M
FY2024$2.1M
Net assets
−$74K
FY2024▼ -480%
Tap a bar for its year
Net assets by fiscal year
FY2021$329K
FY2022−$13K
FY2023$20K
FY2024−$74K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2019.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.7M Management & general 5% · $101K Fundraising 12% · $251K

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 Ozer Olam 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Supports schools, helps poor students, and offers educational events.

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Provided by the organization

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2 programs · $1.7M · in their own filed words · FY2024
01

To provide assistance to educational organizations, to assist indigent scholars by issuing grants based on needs-based criteria, and to provide educational events and opportunities throughout the world

$1.4Mprogram expense
02

Social and psychological assistance

$297Kprogram 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
Greater Miami Jewish Federation INCFY2024$18K
The Ojc FundFY2024$17K
Give Lively Foundation INCFY2024$6K
Total grants receivedfrom 3 funders$41K
See all 3 funders →
Grants paid · 18 grants · $5.3M · 2021–2024
Ezer LanitzrachNY · FY2024$1,020,000
Unitemized GrantFY2024$237,073
Donors Fund INCNJ · FY2024$10,000
American Friends of Bh Foundation INCNY · FY2024$9,000
Binyan YerushlaimNY · FY2023$777,000
Ezer LanitzrachNY · FY2023$445,000
Unitemized GrantFY2023$83,483
Individual RecipientFY2023$50,000
Matteh Moshe INCNY · FY2023$15,000
Binyan YerushlaimNY · FY2022$1,430,000
Cong Masbia Lechol Chai INCNY · FY2022$150,000
Unitemized GrantFY2022$36,469
American Friends of Bh Foundation INCNY · FY2022$7,600
Congregation Lutzk INCNJ · FY2022$5,409
Binyan YerushlaimNY · FY2021$971,000
Unitemized GrantFY2021$20,078
Individual RecipientFY2021$14,200
Lakewood Cheder School INCNJ · FY2021$6,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Money outPt IX
$2.1M
Ln 25
Programscol B$1.7M
Managementcol C$101K
Fundraisingcol D$251K
Owns and owesPt X
−$74K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$140K
LiabilitiesLn 26$214K
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$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Total assetsLn 16$140K
LiabilitiesLn 26$214K
Net assetsLn 32−$74K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$61K$49K
Total assetsLn 16$122K$140K
LiabilitiesLn 26$102K$214K
Net assetsLn 32$20K−$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$237K$237K
Grants and assistance to foreign recipientsLn 3$36K$36K
Pay of current officers, directors and key staffLn 5$6K$6K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$65K$65K
Advertising and promotionLn 12$695$695
Office expensesLn 13$54K$54K
TravelLn 17$143K$143K
InterestLn 20$9K$9K
Other expenses (24a–d)Ln 24$392K$330K$20K$42K
All other expensesLn 24e$1K$1K$70
Total functional expensesLn 25$2.1M$1.7M$101K$251K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$2.1M−$94K−$74K 990 PDF
FY2023 $2.0M$2.0M$33K$20K 990 PDF
FY2022 $2.1M$2.5M−$343K−$13K 990 PDF
FY2021 $1.5M$1.3M$192K$329K 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 FY2024 990 (6 parts)
Part I · Summary $2,005,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,997,336$2,005,795
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,997,336$2,005,795
I-13 Grants and similar amounts paidPrior year $1,764,516$1,415,675
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,477$5,771
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $196,426$678,350
I-18 Total expensesPrior year $1,964,419$2,099,796
I-19 Revenue less expensesPrior year $32,917−$94,001
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $2,005,795 across 3 lines filed
VIII-1f All other contributions, gifts and grants$2,005,795
VIII-1h Total contributions, gifts and grants$2,005,795
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,005,795
Part IX · Statement of functional expenses $2,099,796 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,142,909$1,142,909
IX-2 Grants to domestic individualsPrograms $237,073$237,073
IX-3 Grants and assistance to foreign recipientsPrograms $35,693$35,693
IX-5 Pay of current officers, directors and key staffManagement $5,771$5,771
IX-11b Legal feesManagement $7,950$7,950
IX-11c Accounting feesManagement $4,635$4,635
IX-11g Other fees for servicesFundraising $65,130$65,130
IX-12 Advertising and promotionFundraising $695$695
IX-13 Office expensesManagement $53,973$53,973
IX-17 TravelFundraising $143,104$143,104
IX-20 InterestManagement $8,973$8,973
IX-24 Other expenses (24a–d)Programs $330,200 · Management $20,101 · Fundraising $42,199$392,500
IX-24e All other expensesPrograms $1,320 · Fundraising $70$1,390
IX-25 Total functional expensesPrograms $1,747,195 · Management $101,403 · Fundraising $251,198$2,099,796
Part X · Balance sheet $139,620 assets, 7 lines filed
Asset lines not itemized here account for $90,567; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $60,770$49,053
X-16 Total assetsStart of year $121,770$139,620
X-17 Accounts payable and accrued expensesStart of year $102,189$109,093
X-24 Unsecured notes and loans payable$104,947
X-26 Total liabilitiesStart of year $102,189$214,040
X-32 Total net assets or fund balancesStart of year $19,581−$74,420
X-33 Total liabilities and net assetsStart of year $121,770$139,620
Part XI · Reconciliation of net assets −$74,420 net assets at year end
XI-1 Total revenue$2,005,795
XI-2 Total expenses$2,099,796
XI-3 Revenue less expenses−$94,001
XI-4 Net assets at start of year$19,581
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$74,420

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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