Zera Koidesh INC FY2021 filing

Brooklyn, NYUnknown exempt organization EIN 83-1885401Revenue $229K in FY2021Latest return filed Mar 15, 2023

On file with the IRSBrooklyn, NY

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To award financial grants and loans free of interest, to religios orthodox jewish organizations and to help by financial means, the needy, sick and disabled people.

65¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $27K a year · 12% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $800
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$60K
×255 of total assets
Concern: liabilities are 25500% of assets; over 80%.
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
$229K
+40% vs prior year
Spent
$280K
To programs
65%
Net assets
−$59K
By yearFY2020–FY2022
Revenue
$229K
FY2021▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$229K
FY2022$217K
Expenses
$280K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$280K
FY2022$221K
Net assets
−$59K
FY2021▼ -25824%
Tap a bar for its year
Net assets by fiscal year
FY2020−$229
FY2021−$59K
FY2022−$63K

From the FY2021 Form 990 (year ending August 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

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

65 cents of each dollar spent went to programs.

Program services 65% · $182K Management & general 25% · $69K Fundraising 10% · $28K

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; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$6,079Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Liebish Taub$2,700$6,079

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Zera Koidesh INC 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

Awards interest-free grants and loans to Orthodox Jewish organizations and helps needy, sick, and disabled people financially.

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1 program · $182K · in their own filed words · FY2020
01

We provide grants and loans free of interest, to religios orthodox jewish organizations.

$182Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$800
Grants paid · 13 grants · $275K · 2020–2021
Tt Kadishas LeviNY · FY2021$9,000
Unitemized GrantFY2021$6,954
Talmud Torah Ohel YochananNY · FY2021$6,120
Unitemized GrantFY2020$22,850
Congregation Oholey ShemNY · FY2020$10,180
Congregation Chasdei AvosNY · FY2020$9,986
Zichron ShlomoNY · FY2020$6,750
Cong Emunah VechesedFY2020$6,400

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$229K
Ln 12
Gifts and grantsLn 1h$229K
Money outPt IX
$280K
Ln 25
Programscol B$182K
Managementcol C$69K
Fundraisingcol D$28K
Owns and owesPt X
−$59K
net assets · Ln 32
Cash and savingsLn 1–2$235
Total assetsLn 16$235
LiabilitiesLn 26$60K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$229K
Total revenueLn 12$229K
Assets in detailPt X, end of year
CashLn 1$235
Cash and savings togetherLn 1–2$235
Total assetsLn 16$235
LiabilitiesLn 26$60K
Net assetsLn 32−$59K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$23K$235
Total assetsLn 16$23K$235
LiabilitiesLn 26$27K$60K
Net assetsLn 32−$4K−$59K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$159K$159K
Grants to domestic individualsLn 2$23K$23K
Pay of current officers, directors and key staffLn 5$6K$6K
Advertising and promotionLn 12$270$270
Office expensesLn 13$12K$8K$4K
OccupancyLn 16$55K$55K
TravelLn 17$7K$7K
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$280K$182K$69K$28K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Mar 15, 2023 $217K$221K−$4K−$63K 990 PDF
FY2021 ViewingFiled with the IRS Feb 15, 2022 $229K$280K−$50K−$59K 990 PDF
FY2020Filed with the IRS Feb 9, 2021 $163K−$229 990 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 $229,085 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $163,292$229,085
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $163,292$229,085
I-13 Grants and similar amounts paidPrior year $115,089$182,311
I-14 Benefits paid to members$0
I-15 Salaries and benefits$6,079
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,413$91,153
I-18 Total expensesPrior year $164,502$279,543
I-19 Revenue less expensesPrior year −$1,210−$50,458
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $229,085 across 3 lines filed
VIII-1f All other contributions, gifts and grants$229,085
VIII-1h Total contributions, gifts and grants$229,085
VIII-12 Total revenue$229,085
Part IX · Statement of functional expenses $279,543 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $159,461$159,461
IX-2 Grants to domestic individualsPrograms $22,850$22,850
IX-5 Pay of current officers, directors and key staffManagement $6,079$6,079
IX-12 Advertising and promotionFundraising $270$270
IX-13 Office expensesManagement $8,149 · Fundraising $4,030$12,179
IX-16 OccupancyManagement $54,860$54,860
IX-17 TravelFundraising $6,927$6,927
IX-24 Other expenses (24a–d)Fundraising $16,917$16,917
IX-25 Total functional expensesPrograms $182,311 · Management $69,088 · Fundraising $28,144$279,543
Part X · Balance sheet $235 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $22,995$235
X-16 Total assetsStart of year $22,995$235
X-17 Accounts payable and accrued expenses$23,000
X-24 Unsecured notes and loans payable$9,500
X-25 Other liabilitiesStart of year $27,100$27,100
X-26 Total liabilitiesStart of year $27,100$59,600
X-27 Net assets without donor restrictionsStart of year −$4,105−$59,365
X-32 Total net assets or fund balancesStart of year −$4,105−$59,365
X-33 Total liabilities and net assetsStart of year $22,995$235
Part XI · Reconciliation of net assets −$59,365 net assets at year end
XI-1 Total revenue$229,085
XI-2 Total expenses$279,543
XI-3 Revenue less expenses−$50,458
XI-4 Net assets at start of year−$4,105
XI-8 Prior period adjustments−$4,802
XI-10 Net assets at end of year−$59,365

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

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