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Albert Missry Foundation

Tax-deductible

Brooklyn, NY501(c)(3)Foundations & GrantmakersEIN 82-3736974Revenue $141K in FY2024

On file with the IRS1872 E 2nd St, 11223-2823 · Brooklyn, NYTax-exempt since Feb 2019Publicly supported charity — 170(b)(1)(A)(vi)

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The Albert Missry Foundation (the Foundation) was created as a not for profit organization with the mission of perpetuating the memory of Albert Missry who was a charismatic, dynamic and inspirational young man who helped many young people in his community, and the community at large, but unfortunately passed well before his time. The Foundation intends on being a community based organization that will create, devise, implement and fund, innovative programs to educate, inspire and motivate young people, train young people to be leaders in their communities and inspire others to DO acts of kindness. Additionally, the Foundation will carry out, and/or financially support community development projects to improve the quality of life for the youth in the community. Some of the activities will include, leadership programs, after school mentoring programs, seminars, educational and religious classes, motivational events, relationship building trips and educational weekend retreats. In time,

501(c)(3) charity; gifts are tax-deductible.
84¢ 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 5
filings with a surplus
Average deficit $34K a year · 31% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $36K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% 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
$141K
+63% vs prior year
Spent
$229K
To programs
84%
Net assets
$306K
By yearFY2020–FY2024
Revenue
$141K
FY2024▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$62K
FY2021$138K
FY2022$121K
FY2023$86K
FY2024$141K
Expenses
$229K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$71K
FY2021$119K
FY2022$106K
FY2023$193K
FY2024$229K
Net assets
$306K
FY2024▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$467K
FY2021$486K
FY2022$500K
FY2023$394K
FY2024$306K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

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

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $193K Management & general 13% · $30K Fundraising 2% · $6K

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
Joseph Edery
Director
$0Pt VII · Sec A
Morris Missry
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Albert Missry 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, inspires, and motivates young people through innovative programs and community development.

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Provided by the organization

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1 program · $193K · in their own filed words · FY2024
01

Charitable activities to commemorate the memory of albert missry.

$193Kprogram 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
Jewish Communal FundFY2024$26K
Herbert & Yvonne Missry FoundationFY2024$5K
Michael and Samantha Harary Familyfoundation INCFY2024$3K
Joseph Jack Sitt 1986 Charitable TrFY2024$2K
Total grants receivedfrom 4 funders$36K
See all 4 funders →
Grants paid · 26 grants · $527K · 2020–2024
Friends of United HatzalahFY2024$36,000
Mount Sinai Health System Executive V P for FinanceNY · FY2024$30,000
Logan Community FhNJ · FY2024$25,000
Meor of Boston INCMA · FY2024$24,000
Individual RecipientFY2024$16,000
Various Charity 5000FY2024$15,143
Ohel Simha SynagogueFY2024$10,000
Deal Sephardic NetworkFY2023$36,000
Mount Sinai Health System Executive V P for FinanceNY · FY2023$30,000
Logan Community FhNJ · FY2023$25,000
Congregation Ohel Yishak INCNY · FY2023$20,000
Individual RecipientFY2023$18,000
Magen David SynagogueNY · FY2023$12,000
Individual RecipientFY2023$10,600
Various Charity 5000FY2023$9,505
Mount Sinai Health System Executive V P for FinanceNY · FY2022$30,000
Meor of Boston INCMA · FY2022$25,000
Chapp Organizations INCFY2022$6,000
See all 26 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$141K
Ln 12
Gifts and grantsLn 1h$141K
Investment incomeLn 3$50
Money outPt IX
$229K
Ln 25
Programscol B$193K
Managementcol C$30K
Fundraisingcol D$6K
Owns and owesPt X
$306K
net assets · Ln 32
Cash and savingsLn 1–2$290K
Total assetsLn 16$310K
LiabilitiesLn 26$4K
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$141K
Investment incomeLn 3$50
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$234K
Cash and savings togetherLn 1–2$290K
Other assetsLn 15$20K
Total assetsLn 16$310K
LiabilitiesLn 26$4K
Net assetsLn 32$306K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$398K$290K
Total assetsLn 16$398K$310K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$394K$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$156K$156K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$7K$7K
Other expenses (24a–d)Ln 24$51K$15K$30K$6K
Total functional expensesLn 25$229K$193K$30K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $141K$229K−$88K$306K 990 PDF
FY2023 $86K$193K−$106K$394K 990 PDF
FY2022 $121K$106K$14K$500K 990 PDF
FY2021 $138K$119K$19K$486K 990 PDF
FY2020 $62K$71K−$9K$467K 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 $140,906 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,276$140,856
I-9 Program service revenue$0
I-10 Investment incomePrior year $71$50
I-11 Other revenue$0
I-12 Total revenuePrior year $86,347$140,906
I-13 Grants and similar amounts paidPrior year $161,105$156,143
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $31,669$72,603
I-18 Total expensesPrior year $192,774$228,746
I-19 Revenue less expensesPrior year −$106,427−$87,840
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $140,906 across 4 lines filed
VIII-1f All other contributions, gifts and grants$140,856
VIII-1h Total contributions, gifts and grants$140,856
VIII-3 Investment incomeRelated to mission $50$50
VIII-12 Total revenueRelated to mission $50$140,906
Part IX · Statement of functional expenses $228,746 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $156,143$156,143
IX-11a Management feesPrograms $12,999$12,999
IX-11c Accounting feesPrograms $1,000$1,000
IX-13 Office expensesPrograms $7,330$7,330
IX-24 Other expenses (24a–d)Programs $15,450 · Management $30,282 · Fundraising $5,542$51,274
IX-25 Total functional expensesPrograms $192,922 · Management $30,282 · Fundraising $5,542$228,746
Part X · Balance sheet $309,744 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $98,358$55,468
X-2 Savings and temporary cash investmentsStart of year $299,226$234,276
X-15 Other assets$20,000
X-16 Total assetsStart of year $397,584$309,744
X-24 Unsecured notes and loans payableStart of year $4,000$4,000
X-26 Total liabilitiesStart of year $4,000$4,000
X-27 Net assets without donor restrictionsStart of year $393,584$305,744
X-32 Total net assets or fund balancesStart of year $393,584$305,744
X-33 Total liabilities and net assetsStart of year $397,584$309,744
Part XI · Reconciliation of net assets $305,744 net assets at year end
XI-1 Total revenue$140,906
XI-2 Total expenses$228,746
XI-3 Revenue less expenses−$87,840
XI-4 Net assets at start of year$393,584
XI-10 Net assets at end of year$305,744

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

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