Keren Hayeshivot Fund supports religious institutions of higher education in the united states and israel to raise the level of torah and halachic observance in the sephardic orthodox jewish community.

501(c)(3) charity; gifts are tax-deductible.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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 2
filings with a surplus
Average surplus $174 a year · 96% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Named funders
1
named funder · $116K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$150K
12% of total assets
Looks good: liabilities are 12% 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
$176
-5% vs prior year
Spent
$0
Net assets
$1.1M
By yearFY2023–FY2024
Revenue
$176
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2023$186
FY2024$176
Expenses
$0
FY2024▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2023$15
FY2024$0
Net assets
$1.1M
FY2024+0.02%
Tap a bar for its year
Net assets by fiscal year
FY2023$1.1M
FY2024$1.1M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2021-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Apr 2024.

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

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 Keren Hayeshivot Fund 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

Programs and updates

Supports religious colleges to advance Torah and Jewish law in the Sephardic Orthodox community.

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1 program · in their own filed words · FY2024
01

Keren hayeshivot fund supports religious institutions of higher education in the united states and israel to raise the level of torah and halachic observance in the sephardic orthodox jewish community.

Pt IX · col B

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 · FY2021
Total grants receivedfrom 1 funder$116K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$176
Ln 12
Investment incomeLn 3$176
Money outPt IX
$0
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$150K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$176
Total revenueLn 12$176
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$150K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$1.3M
Total assetsLn 16$1.9M$1.3M
LiabilitiesLn 26$750K$150K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $176$0$176$1.1M 990 PDF
FY2023 $186$15$171$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $186$176
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $186$176
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15$0
I-18 Total expensesPrior year $15$0
I-19 Revenue less expensesPrior year $171$176
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $176 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $176$176
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $176$176
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $1,260,922 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,860,746$4,557
X-2 Savings and temporary cash investments$1,256,365
X-16 Total assetsStart of year $1,860,746$1,260,922
X-25 Other liabilitiesStart of year $750,000$150,000
X-26 Total liabilitiesStart of year $750,000$150,000
X-27 Net assets without donor restrictionsStart of year $1,110,746$1,110,922
X-32 Total net assets or fund balancesStart of year $1,110,746$1,110,922
X-33 Total liabilities and net assetsStart of year $1,860,746$1,260,922
Part XI · Reconciliation of net assets $1,110,922 net assets at year end
XI-1 Total revenue$176
XI-2 Total expenses$0
XI-3 Revenue less expenses$176
XI-4 Net assets at start of year$1,110,746
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,110,922

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

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