Wedding Experience INC EIN 92-3965759

Wedding Experience INC

EIN  92-3965759 Public foundation / grantmaker Brooklyn, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Helps Orthodox Jewish families afford traditional weddings by subsidizing costs and offering low-cost catering.
Leadership
Naftali Miller · Director
Money in and out
$2.6M revenue, $2.6M expenses
Bottom line
88% program efficiency

Helps Orthodox Jewish families afford traditional weddings by subsidizing costs and offering low-cost catering. For fiscal year 2024 it reported $2.6M in revenue, $2.6M in expenses, and $122K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$2.6M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▲ +34% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -69% vs prior filing year
Surplus margin
+0.5%
revenue over expenses, this year▼ -94% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.6M
FY2024▲ +113%
Expenses
$2.6M
FY2024▲ +133%
Total assets
$169K
FY2024▼ -30%
Total liabilities
$47K
FY2024▼ -64%
Total revenue
$2.6M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$169K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $2.3M of program spending, described in the organization's own filed words · FY2023.
01

To assist needy orthodox jewish families to bear the unusually high cost of the traditional orthodox wedding by subsidizing wedding expenses and providing low-cost wedding-related services, with the goal of relieving poor families of their financial burden and allowing them to make dignified and affordable celebrations, infused with joy…

$2.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWedding Experience INC
EINHdr · item D92-3965759
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFJul 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$2.6M
Total revenueLn 12$2.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$2.3M
Management & general12%$323K
Total functional expensesLn 25$2.6M

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$169K
Total liabilitiesLn 26$47K
Total net assetsLn 32$122K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77K · Operating expenses/yr $2.6M
0.4 months
Where the money goes
Program services
Program services $2.3M · Total expenses $2.6M
88%
Management & General
Management & general $323K · Total expenses $2.6M
12%
Fundraising
Fundraising $0 · Total expenses $2.6M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $2.6M
0%
Government reliance
Government grants — · Total revenue $2.6M
Earned-income share
Program service revenue $2.6M · Total revenue $2.6M
100%
Investment reliance
Investment income $0 · Total revenue $2.6M
0%
Program self-sufficiency
Program service revenue $2.6M · Total expenses $2.6M
101%
Growth & trend
Revenue growth (YoY)
This year $2.6M · Prior year $1.2M
+113%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.6M · Expenses $2.6M
+0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $169K
Net-asset ratio
Net assets $122K · Total assets $169K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $169K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Naftali Miller · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $2.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.6M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth 113%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$13K
Grants paid · 3 grants · $17K · 2022–2022
Tov V Chesed FoundationNY · FY2022$6,000
Cong Chasdei LevNY · FY2022$5,480

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.6M revenue · viewing · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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