Ilead Experience INC: FY2023 Nonprofit Profile & Form 990 (EIN 82-4338417)

Revenue by fiscal year
FY2020	$72K
FY2021	$329K
FY2022	$680K
FY2023	$695K
FY2024	$402K

Expenses by fiscal year
FY2020	$120K
FY2021	$504K
FY2022	$995K
FY2023	$817K
FY2024	$474K

Net assets by fiscal year
FY2020	−$235K
FY2021	−$410K
FY2022	−$766K
FY2023	−$834K
FY2024	−$852K

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

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $703K Management & general 14% · $115K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

Richard Chalme

President

$0Pt VII · Sec A

Shilo Plesser

Director

$0Pt VII · Sec A

See Ilead Experience 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

Ilead Experience INC is a youth development nonprofit based in Brooklyn, NY.

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Provided by the organization

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1 program · $703K · in their own filed words · FY2023

01

Ilead selects candidates at the end of their junior year in high school, who are interested in identifying their personal strengths, and working through their challenges and weaknesses. The program takes place in israel, over five weeks during the summer. The program focuses on physical aptitude and stamina.

$703Kprogram expense

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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$27K

Jewish Communal FundFY2024$16K

Donor Advised Charitable Giving INCFY2024$5K

Total grants receivedfrom 3 funders$49K

See all 3 funders →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$695K

Ln 12

Fees for servicesLn 2g$691K

Gifts and grantsLn 1h$29K

Investment incomeLn 3$882

Money outPt IX

$817K

Ln 25

Programscol B$703K

Managementcol C$115K

Owns and owesPt X

−$834K

net assets · Ln 32

Cash and savingsLn 1–2$34K

Total assetsLn 16$320K

LiabilitiesLn 26$1.2M

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$29K

Fees for servicesLn 2g$691K

Investment incomeLn 3$882

Gains on assetsLn 7−$27K

Total revenueLn 12$695K

Assets in detailPt X, end of year

CashLn 1$34K

Cash and savings togetherLn 1–2$34K

InvestmentsLn 11–13$190K

Total assetsLn 16$320K

LiabilitiesLn 26$1.2M

Net assetsLn 32−$834K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$90K	$34K
InvestmentsLn 11–13	$161K	$190K
Total assetsLn 16	$305K	$320K
LiabilitiesLn 26	$1.1M	$1.2M
Net assetsLn 32	−$766K	−$834K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$15K		$15K
Legal feesLn 11b	$8K		$8K
Accounting feesLn 11c	$5K		$5K
Office expensesLn 13	$13K		$13K
TravelLn 17	$25K	$25K
InterestLn 20	$63K		$63K
InsuranceLn 23	$4K		$4K
Other expenses (24a–d)Ln 24	$685K	$678K	$7K
All other expensesLn 24e	$50		$50
Total functional expensesLn 25	$817K	$703K	$115K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$402K	$474K	−$71K	−$852K	990 PDF
FY2023 Viewing	$695K	$817K	−$123K	−$834K	990 PDF
FY2022	$680K	$995K	−$316K	−$766K	990 PDF
FY2021	$329K	$504K	−$175K	−$410K	990 PDF
FY2020	$72K	$120K	−$47K	−$235K	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 (6 parts)

Part I · Summary $694,667 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $25,755$29,489

I-9 Program service revenuePrior year $652,613$690,888

I-10 Investment incomePrior year $1,184−$25,710

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $679,552$694,667

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $16,318$14,633

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $979,161$802,775

I-18 Total expensesPrior year $995,479$817,408

I-19 Revenue less expensesPrior year −$315,927−$122,741

Part VI · Governance 2 of 2 board members independent, 1 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

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

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $694,667 across 6 lines filed

VIII-1f All other contributions, gifts and grants$29,489

VIII-1h Total contributions, gifts and grants$29,489

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $690,888$690,888

VIII-3 Investment incomeExcluded from tax $882$882

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$26,592−$26,592

VIII-12 Total revenueRelated to mission $690,888 · Unrelated business $0 · Excluded from tax −$25,710$694,667

Part IX · Statement of functional expenses $817,408 across 9 lines filed

IX-7 Other salaries and wagesManagement $14,633$14,633

IX-11b Legal feesManagement $7,500$7,500

IX-11c Accounting feesManagement $5,000$5,000

IX-13 Office expensesManagement $13,115$13,115

IX-17 TravelPrograms $24,688$24,688

IX-20 InterestManagement $63,273$63,273

IX-23 InsuranceManagement $4,335$4,335

IX-24 Other expenses (24a–d)Programs $678,090 · Management $6,724$684,814

IX-24e All other expensesManagement $50$50

IX-25 Total functional expensesPrograms $702,778 · Management $114,630 · Fundraising $0$817,408

Part X · Balance sheet $319,958 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $90,157$33,720

X-3 Pledges and grants receivableStart of year $44,466$76,693

X-9 Prepaid expenses and deferred chargesStart of year $9,000$20,000

X-11 Publicly traded securitiesStart of year $160,915$189,545

X-16 Total assetsStart of year $304,538$319,958

X-17 Accounts payable and accrued expensesStart of year $2,500$12,045

X-25 Other liabilitiesStart of year $1,068,100$1,057,373

X-26 Total liabilitiesStart of year $1,070,600$1,154,418

X-27 Net assets without donor restrictionsStart of year −$766,062−$834,460

X-32 Total net assets or fund balancesStart of year −$766,062−$834,460

X-33 Total liabilities and net assetsStart of year $304,538$319,958

Part XI · Reconciliation of net assets −$834,460 net assets at year end

XI-1 Total revenue$694,667

XI-2 Total expenses$817,408

XI-3 Revenue less expenses−$122,741

XI-4 Net assets at start of year−$766,062

XI-5 Net unrealized gains (losses) on investments$54,343

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$834,460

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

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Ilead Experience INC FY2023 filing

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