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Nichsefa INC FY2022 filing

Tax-deductible

Lakewood, NJ501(c)(3)Foundations & GrantmakersEIN 84-4314177

To provide financial and other assistance to educational institutions and individuals worldwide. To solicit, accept, hold and invest, reinvest and administer funds exclusively for charitable, educational, religious purposes.

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
1 of 3
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names 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
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
$354K
+156% vs prior year
Spent
$362K
To programs
88%
Net assets
$6K
By yearFY2021–FY2024
Revenue
$354K
FY2022▲ +156%
Revenue by fiscal year
FY2021$138K
FY2022$354K
FY2023$554K
FY2024$441K
Expenses
$362K
FY2022
Expenses by fiscal year
FY2021Not on file
FY2022$362K
FY2023$534K
FY2024$464K
Net assets
$6K
FY2022▼ -55%
Net assets by fiscal year
FY2021$14K
FY2022$6K
FY2023$27K
FY2024$4K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
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 Apr 2020.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $319K Management & general 5% · $19K Fundraising 7% · $24K

Form 990 Part IX, line 25, columns B–D. 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
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nichsefa 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

Offers financial aid and support to educational institutions and individuals globally.

Provided by the organization

This section is blank until Nichsefa INC claims this page.

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1 program service account for $319K of program spending, described in the organization's own filed words · FY2022.
01

Provided financial assistance to educational institution as well as needy scholars in israel and worldwide.

$319Kprogram 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 · received and paid
Grants received · FY2023
The Ojc FundFY2023$9K
Total grants receivedfrom 1 funder$9K
Grants paid · 1 grant · $112K · 2024–2024
American Friends of Menuchas Asher Csenger INCNJ · FY2024$112,475

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$354K
Ln 12
Gifts and grantsLn 1h$354K
Money outPt IX
$362K
Ln 25
Programscol B$319K
Managementcol C$19K
Fundraisingcol D$24K
Owns and owesPt X
$6K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$6K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$354K
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Total assetsLn 16$6K
LiabilitiesLn 26$0
Net assetsLn 32$6K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY22End FY22
Cash and savingsLn 1–2$14K$6K
Total assetsLn 16$14K$6K
LiabilitiesLn 26$0$0
Net assetsLn 32$14K$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$319K$319K
Legal feesLn 11b$6K$0$6K$0
Accounting feesLn 11c$2K$0$2K$0
Office expensesLn 13$404$0$0$404
TravelLn 17$24K$0$0$24K
Other expenses (24a–d)Ln 24$11K$0$11K$0
Total functional expensesLn 25$362K$319K$19K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $441K$464K−$23K$4K 990 PDF
FY2023 $554K$534K$20K$27K 990 PDF
FY2022 Viewing $354K$362K−$8K$6K 990 PDF
FY2021 $138K$14K 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 $353,589 across 3 lines filed
VIII-1f All other contributions, gifts and grants$353,589
VIII-1h Total contributions, gifts and grants$353,589
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$353,589
Part IX · Statement of functional expenses $361,551 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $318,888$318,888
IX-11b Legal feesPrograms $0 · Management $6,280 · Fundraising $0$6,280
IX-11c Accounting feesPrograms $0 · Management $1,500 · Fundraising $0$1,500
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $404$404
IX-17 TravelPrograms $0 · Management $0 · Fundraising $23,505$23,505
IX-24 Other expenses (24a–d)Programs $0 · Management $10,974 · Fundraising $0$10,974
IX-25 Total functional expensesPrograms $318,888 · Management $18,754 · Fundraising $23,909$361,551
Part X · Balance sheet $6,464 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $14,427$6,464
X-16 Total assetsStart of year $14,427$6,464
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $14,427$6,464
X-32 Total net assets or fund balancesStart of year $14,427$6,464
X-33 Total liabilities and net assetsStart of year $14,427$6,464
Part XI · Reconciliation of net assets $6,464 net assets at year end
XI-1 Total revenue$353,589
XI-2 Total expenses$361,551
XI-3 Revenue less expenses−$7,962
XI-4 Net assets at start of year$14,427
XI-10 Net assets at end of year$6,464

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

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