Bnei David Foundation FY2023 filing

Tax-deductible

Teaneck, NJ501(c)(3)ReligionEIN 81-3428122

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Bnei David is an exemplary educational institution where young men are infused with a deep and meaningful understanding of religion and spiritual obligations. Bnei David follows a rigorous yet traditional yeshiva curriculum which include classes in ethics, philosophy, faith, and morality. At Bnei David we place a strong emphasis on character building, individual growth, and selfless devotion to public service, consequently, many of out alumnus develop into influential community leaders. As altruism is part of the very fabric of our educational philosophy. We provide generous scholarships to individuals in which our organization sees potential. At Bnei David we firmly believe that we can build a better future through the education of our youth and we are committed to changing the world on child at a time.

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

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
3 of 5
filings with a surplus
Average surplus $11K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 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
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
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
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+32% vs prior year
Spent
$1.5M
To programs
100%
Net assets
$27K
By yearFY2020–FY2024
Revenue
$1.3M
FY2023▲ +32%
Revenue by fiscal year
FY2020$504K
FY2021$913K
FY2022$989K
FY2023$1.3M
FY2024$1.0M
Expenses
$1.5M
FY2023▲ +38%
Expenses by fiscal year
FY2020$373K
FY2021$700K
FY2022$1.1M
FY2023$1.5M
FY2024$1.0M
Net assets
$27K
FY2023▼ -89%
Net assets by fiscal year
FY2020$135K
FY2021$348K
FY2022$237K
FY2023$27K
FY2024$57K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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 Oct 2017.

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% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bnei David Foundation 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

Educates young men in religious understanding, ethics, and character development, fostering future community leaders.

Provided by the organization

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1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Educated young individuals through a rigorous yet traditional yeshiva curriculum which include classes in ethics, philosophy, faith, and morality. Created an enviroment with a strong focus on character building, individual growth, and selfless devotion to public service.

$1.5Mprogram 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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$27K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$0
Net assetsLn 32$27K
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 FY23End FY23
Cash and savingsLn 1–2$237K$27K
Total assetsLn 16$237K$27K
LiabilitiesLn 26$0$0
Net assetsLn 32$237K$27K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$1.5M$1.5M
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.0M$30K$57K 990 PDF
FY2023 Viewing $1.3M$1.5M−$210K$27K 990 PDF
FY2022 $989K$1.1M−$111K$237K 990 PDF
FY2021 $913K$700K$213K$348K 990 PDF
FY2020 $504K$373K$132K$135K 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 (4 parts)
Part VIII · Statement of revenue $1,303,166 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,303,166
VIII-1h Total contributions, gifts and grants$1,303,166
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,303,166
Part IX · Statement of functional expenses $1,513,060 across 1 line filed
IX-3 Grants and assistance to foreign recipientsPrograms $1,513,060$1,513,060
IX-25 Total functional expensesPrograms $1,513,060 · Management $0 · Fundraising $0$1,513,060
Part X · Balance sheet $27,146 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $237,041$27,146
X-16 Total assetsStart of year $237,041$27,146
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $237,041$27,146
X-33 Total liabilities and net assetsStart of year $237,041$27,146
Part XI · Reconciliation of net assets $27,146 net assets at year end
XI-1 Total revenue$1,303,166
XI-2 Total expenses$1,513,060
XI-3 Revenue less expenses−$209,894
XI-4 Net assets at start of year$237,041
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,146

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

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