MABAS FUND INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MABAS FUND INC (EIN 22-3768865)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202123199349331527
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T22:01:07-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN464245481PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GERSHON BIEGELEISEN & CO CPAS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1111 MADISON AVEAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223768865EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MABAS FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMABABusinessNameControlTxt
Phone7329611393PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11126 CAROLINA STREETAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYAAKOV HARARIPersonNm
Person TitleOFFICERPersonTitleTxt
Phone7329611393PhoneNum
Signature2021-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstYAAKOVPersonFirstNm
Person LastHARARIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGERSHON BIEGELEISENPreparerPersonNm
PTINP00117676PTIN
Phone7328866311PhoneNum
Preparation2021-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerYAAKOV HARARIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11126 CAROLINA STREETAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,731,052GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTO PROVIDE SUPPORT FOR NEEDY FAMILIES IN THE COMMUNITY AND MAINTAIN AN EDUCATIONAL PROGRAM ADVANCING TALMUDIC STUDIES.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,990,446PYContributionsGrantsAmt
CY Contributions Grants$2,731,052CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,990,446PYTotalRevenueAmt
CY Total Revenue$2,731,052CYTotalRevenueAmt
PY Grants And Similar Paid$2,070,691PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,361,840CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$22,320CYTotalFundraisingExpenseAmt
PY Other Expenses$92,899PYOtherExpensesAmt
CY Other Expenses$85,374CYOtherExpensesAmt
PY Total Expenses$2,163,590PYTotalExpensesAmt
CY Total Expenses$2,447,214CYTotalExpensesAmt
PY Revenues Less Expenses-$173,144PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$283,838CYRevenuesLessExpensesAmt
Total Assets BOY$230,295TotalAssetsBOYAmt
Total Assets EOY$497,380TotalAssetsEOYAmt
Total Liabilities BOY$301,747TotalLiabilitiesBOYAmt
Total Liabilities EOY$284,994TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$71,452NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$212,386NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE SUPPORT FOR NEEDY FAMILIES IN THE COMMUNITY AND MAINTAIN AN EDUCATIONAL PROGRAM ADVANCING TALMUDIC STUDIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,406,687ExpenseAmt
Grant$2,361,840GrantAmt
DescTHE ORGANIZATION IS ORGANIZED TO SUPPORT AND ASSIST NEEDY FAMILIES IN THE COMMUNITY AND TO ADVANCE TALMUDIC STUDIES BY CREATING AN ENDOWMENT FUND WHICH PROVIDES GRANTS AND FINANCIAL AID TO NEEDY STUDENTS.Desc
Total Program Service Expenses$2,406,687TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonYAAKOV HARARIPersonNm
Phone7329611393PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11126 CAROLINA STREETAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL BAUMAN
OFFICER3.00Yes (X)Yes (X)$0$0$0
YAAKOV HARARI
OFFICER3.00Yes (X)Yes (X)$0$0$0
NATHAN ZELIKOVITZ
OFFICER0.25Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$2,731,052AllOtherContributionsAmt
Total Contributions$2,731,052TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,731,052TotalRevenueColumnAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,361,840TotalAmt
Program Services$2,361,840ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt
Management And General$1,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$39,845TotalAmt
Program Services$39,845ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$12,966TotalAmt
Fundraising$12,966FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,522TotalAmt
Management And General$1,522ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,975TotalAmt
Program Services$1,975ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
CREDIT CARD PROCESSING$8,888$8,888
SUPPLIES AND ACTIVITIES$8,375$3,027$5,348
AUTOMOBILE$5,775$1,769$4,006
TELEPHONE$2,411$2,411

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,617TotalAmt
Management And General$2,617ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,447,214TotalAmt
Program Services$2,406,687ProgramServicesAmt
Management And General$18,207ManagementAndGeneralAmt
Fundraising$22,320FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$177,322BOYAmt
EOY$414,138EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$300BOYAmt
EOY$800EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$46,983BOYAmt
EOY$78,727EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$33,600LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$29,885LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,690BOYAmt
EOY$3,715EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$230,295BOYAmt
EOY$497,380EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$294,099BOYAmt
EOY$282,636EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,648BOYAmt
EOY$2,358EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$301,747BOYAmt
EOY$284,994EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$71,452BOYAmt
EOY$212,386EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$71,452BOYAmt
EOY$212,386EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$230,295BOYAmt
EOY$497,380EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$283,838ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,093,098CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,081,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,869,986CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,990,446CurrentTaxYearMinus1YearAmt
Current Tax Year$2,733,759CurrentTaxYearAmt
Total$10,769,227TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,093,098CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,081,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,869,986CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,990,446CurrentTaxYearMinus1YearAmt
Current Tax Year$2,733,759CurrentTaxYearAmt
Total$10,769,227TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,288,161SubstantialContributorsTotAmt
Public Support Total170$9,481,066PublicSupportTotal170Amt
Total Support$10,769,227TotalSupportAmt
Public Support CY1700.88040PublicSupportCY170Pct
Public Support PY1700.91930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$33,600OtherCostOrOtherBasisAmt
Depreciation$29,885DepreciationAmt
Book Value$3,715BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,715TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCREDIT CARD PAYABLEDesc
Amt$2,358Amt
FieldValueIRS element (for citing)
Total Liability$2,358TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
CHARITABLE GRANTS405$2,350,425
EDUCATION GRANTS6$11,415

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationORGANIZATION PROVIDES GRANTS TO INDIVIDUALS BASED UPON RECOMMENDATION FROM THE INDIVIDUAL'S RABBI OR OTHER COMMUNITY LEADERS WHO VERIFY THE INDIVIDUAL IS TRULY NEEDY.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 1, PART I, LINE 6THE ORGANIZATION IS BENEFITED BY VOLUNTEERS WHO PERFORM VARIOUS UNPAID BOOKKEEPING, FUNDRAISING AND ADMINISTRATIVE ACTIVITIES ON THE ORGANIZATION'S BEHALF.
FORM 990, PAGE 6, PART VI, LINE 11BA DRAFT OF THE 990 IS REVIEWED BY THE BOARD. UPON APPROVAL BY THE BOARD, FORM 8879-EO IS SIGNED BY A BOARD MEMBER AND GIVEN TO THE ORGANIZATION'S ACCOUNTANT WHO ELECTRONICALLY SENDS THE 990 TO THE IRS.
FORM 990, PAGE 6, PART VI, LINE 12CEACH YEAR, MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT.
FORM 990, PAGE 6, PART VI, LINE 15ATHE ORGANIZATION'S TRUSTEES, OFFICERS AND BOARD MEMBERS ARE ALL UNPAID VOLUNTEERS.
FORM 990, PAGE 6, PART VI, LINE 19THE 990 IS AVAILABLE UPON REQUEST OF THE ORGANIZATION.

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