Maaser Fund Corp FY2022 filing

Tax-deductible

Great Neck, NY501(c)(3)Human ServicesEIN 83-1340128

The maaser fund corp is formed to help disadvantaged families by providing financial assistance, food, clothing and supplies to the needy and money and grants to charitable tax-exempt organizations to help them lead more productive lives and return to a normal and safe way of living.

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

FY2022 · 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 4
filings with a surplus
Average surplus $7K a year · 5% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 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
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name 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
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$83K
+58% vs prior year
Spent
$80K
To programs
100%
Net assets
$19K
By yearFY2020–FY2024
Revenue
$83K
FY2022▲ +58%
Revenue by fiscal year
FY2020$52K
FY2022$83K
FY2023$311K
FY2024$125K
Expenses
$80K
FY2022▲ +133%
Expenses by fiscal year
FY2020$34K
FY2022$80K
FY2023$279K
FY2024$150K
Net assets
$19K
FY2022▼ -2%
Net assets by fiscal year
FY2020$20K
FY2022$19K
FY2023$51K
FY2024$27K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 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 May 2019.

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% · $80K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Maaser Fund Corp 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

Provides financial aid, food, clothing, and supplies to needy families and grants to charities.

Provided by the organization

This section is blank until Maaser Fund Corp claims this page.

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1 program service account for $80K of program spending, described in the organization's own filed words · FY2022.
01

Donations

$80Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$18K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$83K
Ln 12
Fees for servicesLn 2g$83K
Money outPt IX
$80K
Ln 25
Programscol B$80K
Owns and owesPt X
$19K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$83K
Total revenueLn 12$83K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$0
Net assetsLn 32$19K
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 FY22End FY22
Cash and savingsLn 1–2$17K$19K
Total assetsLn 16$17K$19K
LiabilitiesLn 26$0$0
Net assetsLn 32$17K$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$73K$73K
Office expensesLn 13$7K$7K
Other expenses (24a–d)Ln 24$86$86
Total functional expensesLn 25$80K$80K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $125K$150K−$24K$27K 990 PDF
FY2023 $311K$279K$32K$51K 990 PDF
FY2022 Viewing $83K$80K$3K$19K 990 PDF
FY2021 Not on file
FY2020 $52K$34K$18K$20K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $82,531 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $82,531$82,531
VIII-12 Total revenueRelated to mission $82,531 · Unrelated business $0 · Excluded from tax $0$82,531
Part IX · Statement of functional expenses $79,946 across 3 lines filed
IX-11g Other fees for servicesPrograms $73,235$73,235
IX-13 Office expensesPrograms $6,625$6,625
IX-24 Other expenses (24a–d)Programs $86$86
IX-25 Total functional expensesPrograms $79,946 · Management $0 · Fundraising $0$79,946
Part X · Balance sheet $19,174 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $16,589$19,174
X-16 Total assetsStart of year $16,589$19,174
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $16,589$19,174
X-33 Total liabilities and net assetsStart of year $16,589$19,174
Part XI · Reconciliation of net assets $19,174 net assets at year end
XI-1 Total revenue$82,531
XI-2 Total expenses$79,946
XI-3 Revenue less expenses$2,585
XI-4 Net assets at start of year$16,589
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,174

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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