Beni Torah Fund: FY2021 Nonprofit Profile & Form 990 (EIN 82-6795252)

Revenue by fiscal year
FY2020	$95K
FY2021	$623K
FY2022	$69K

Expenses by fiscal year
FY2020	$210K
FY2021	$403K
FY2022	$158K

Net assets by fiscal year
FY2020	$6.2M
FY2021	$6.4M
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $378K Management & general 6% · $26K

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

Ovadia Aharonhoff

Director

$0Pt VII · Sec A

Joseph Isaacoff

Executive Director

$0Pt VII · Sec A

See Beni Torah Fund executive salaries →

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

Distributes funds to charities expanding the Jewish religion through education and events.

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1 program · $378K · in their own filed words · FY2021

01

Beni Torah Fund has set itself up to facilitate the raising of funds to distribute to organizations and individuals who continually expand their foot print in Jewish outreach and education. The funds are disbursed to those who show advocay, research, and education.

$378Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 20 grants · $6.7M · 2020–2022

Beshefa INCFL · FY2022$6,000,000

Mishkan Eliyahu Umalka INCNY · FY2022$84,000

Individual RecipientFY2022$10,000

Congregation or Yaacov INCFL · FY2022$10,000

Me-Yad Jewish Outreach Program Chabad of Golden Beach INCFL · FY2022$6,000

Individual RecipientFY2022$5,000

Rinas Bais Yaakov INCNY · FY2022$5,000

Shaarei Zion Institutions INCNY · FY2021$133,600

Mishkan Eliyahu Umalka INCNY · FY2021$84,000

Torahanyyime Com INCNY · FY2021$50,000

Ttee NYU Hospital for Joint Diseases- LangoneDE · FY2021$35,000

Keren Hayeshivot TrustNY · FY2021$18,000

Individual RecipientFY2021$15,000

Beit Ahava VetorahNY · FY2021$10,000

Shuva Israel Aventura INCFL · FY2021$8,000

Yeshiva Ohr Yisrael INCNY · FY2021$7,000

Individual RecipientFY2021$5,000

Our Place in New York INCNY · FY2021$5,000

See all 20 grants →

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$623K

Ln 12

Gifts and grantsLn 1h$590K

Investment incomeLn 3$32K

Money outPt IX

$403K

Ln 25

Programscol B$378K

Managementcol C$26K

Owns and owesPt X

$6.4M

net assets · Ln 32

Cash and savingsLn 1–2$6.0M

Total assetsLn 16$6.4M

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$590K

Investment incomeLn 3$32K

Total revenueLn 12$623K

Assets in detailPt X, end of year

CashLn 1$173K

SavingsLn 2$5.9M

Cash and savings togetherLn 1–2$6.0M

InvestmentsLn 11–13$385K

Total assetsLn 16$6.4M

LiabilitiesLn 26$0

Net assetsLn 32$6.4M

OperationsPt I, VI

EmployeesI 50

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 FY21	End FY21
Cash and savingsLn 1–2	$6.2M	$6.0M
InvestmentsLn 11–13		$385K
Total assetsLn 16	$6.2M	$6.4M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$6.2M	$6.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$378K	$378K
Legal feesLn 11b	$25K		$25K
Other expenses (24a–d)Ln 24	$500		$500
Total functional expensesLn 25	$403K	$378K	$26K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS May 3, 2023	$69K	$158K	−$89K	$0	990 PDF
FY2021 ViewingFiled with the IRS Aug 11, 2022	$623K	$403K	$220K	$6.4M	990 PDF
FY2020Filed with the IRS May 18, 2022	$95K	$210K	−$115K	$6.2M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $622,854 revenue, 12 lines filed

I-8 Contributions and grants$590,400

I-9 Program service revenue$0

I-10 Investment incomePrior year $95,470$32,454

I-11 Other revenue$0

I-12 Total revenuePrior year $95,470$622,854

I-13 Grants and similar amounts paidPrior year $210,200$377,600

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$25,500

I-18 Total expensesPrior year $210,200$403,100

I-19 Revenue less expensesPrior year −$114,730$219,754

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 $622,854 across 4 lines filed

VIII-1f All other contributions, gifts and grants$590,400

VIII-1h Total contributions, gifts and grants$590,400

VIII-3 Investment incomeRelated to mission $32,454$32,454

VIII-12 Total revenueRelated to mission $32,454 · Unrelated business $0 · Excluded from tax $0$622,854

Part IX · Statement of functional expenses $403,100 across 3 lines filed

IX-1 Grants to domestic organizationsPrograms $377,600$377,600

IX-11b Legal feesManagement $25,000$25,000

IX-24 Other expenses (24a–d)Management $500$500

IX-25 Total functional expensesPrograms $377,600 · Management $25,500 · Fundraising $0$403,100

Part X · Balance sheet $6,409,807 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $1,156,362$173,045

X-2 Savings and temporary cash investmentsStart of year $5,044,732$5,851,267

X-12 Other securities$385,495

X-16 Total assetsStart of year $6,201,094$6,409,807

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $6,201,094$6,409,807

X-32 Total net assets or fund balancesStart of year $6,201,094$6,409,807

X-33 Total liabilities and net assetsStart of year $6,201,094$6,409,807

Part XI · Reconciliation of net assets $6,409,807 net assets at year end

XI-1 Total revenue$622,854

XI-2 Total expenses$403,100

XI-3 Revenue less expenses$219,754

XI-4 Net assets at start of year$6,201,094

XI-5 Net unrealized gains (losses) on investments−$11,041

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,409,807

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

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Beni Torah Fund FY2021 filing

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