ISRAEL SCHOLARSHIP EDUCATION FOUNDATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ISRAEL SCHOLARSHIP EDUCATION FOUNDATION (EIN 13-2909403)
Tax period
2016-10-01 to 2017-09-30
Filed
2018-08-15
IRS object ID
201812279349301446
Schema version
2016v3.1
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)
Return2018-08-15T14:45:49-04:00ReturnTs
Tax Period End2017-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222407815PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PARITZ & COMPANY PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line115 WARREN STREET STE 25AddressLine1Txt
CityHACKENSACKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP076017126ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN132909403EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL SEPHARDICBusinessNameLine1Txt
Business Name Line2EDUCATION FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINTEBusinessNameControlTxt
Phone2126837772PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1520 EIGHTH AVE 4TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARRY KATZPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2126837772PhoneNum
Signature2018-08-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN SEROTTA CPAPreparerPersonNm
PTINP00634981PTIN
Phone2013427753PhoneNum
Preparation2018-08-15PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerYOSI MANORPrincipalOfficerNm
Gross Receipts$1,995,062GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ISEF.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1977FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionINTERNATIONAL SEPHARDIC EDUCATION FOUNDATION'S MISSION IS TO NARROW ISRAEL'S SOCIO-ECONOMIC GAP THROUGH HIGHER EDUCATION. ITS UNIQUE METHODOLOGY COMBINES SCHOLARSHIP SUPPORT FOR GIFTED YOUNG PEOPLE FROM DISADVANTAGED BACKGROUNDS WITH COMMUNITY SERVICE, LEADERSHIP TRAINING, AND SOCIAL-CONSCIENCE BUILDING.ActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,441,167PYContributionsGrantsAmt
CY Contributions Grants$1,625,586CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$115,139PYInvestmentIncomeAmt
CY Investment Income$100,139CYInvestmentIncomeAmt
PY Other Revenue-$82,439PYOtherRevenueAmt
CY Other Revenue-$141,617CYOtherRevenueAmt
PY Total Revenue$1,473,867PYTotalRevenueAmt
CY Total Revenue$1,584,108CYTotalRevenueAmt
PY Grants And Similar Paid$899,083PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$931,993CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$131,413PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$252,335CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$45,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$45,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$282,333CYTotalFundraisingExpenseAmt
PY Other Expenses$266,914PYOtherExpensesAmt
CY Other Expenses$349,978CYOtherExpensesAmt
PY Total Expenses$1,342,410PYTotalExpensesAmt
CY Total Expenses$1,579,306CYTotalExpensesAmt
PY Revenues Less Expenses$131,457PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,802CYRevenuesLessExpensesAmt
Total Assets BOY$4,462,819TotalAssetsBOYAmt
Total Assets EOY$5,011,790TotalAssetsEOYAmt
Total Liabilities BOY$56,535TotalLiabilitiesBOYAmt
Total Liabilities EOY$78,868TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,406,284NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,932,922NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionINTERNATIONAL SEPHARDIC EDUCATION FOUNDATION'S MISSION IS TO NARROW ISRAEL'S SOCOI-ECONOMIC GAP THROUGH HIGHER EDUCATION. ITS UNIQUE METHODOLOGY COMBINES SCHOLARSHIP SUPPORT FOR GIFTED YOUNG PEOPLE FROM DISADVANTAGED BACKGROUNDS WITH COMMUNITY SERVICE, LEADERSHIP TRAINING, AND SOCIAL-CONSCIENCE BUILDING.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,010,656ExpenseAmt
Grant$931,993GrantAmt
DescTHE INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION PROVIDES FUNDS TO ITS AFFILIATED ORGANIZATION IN ISRAEL, THROUGH WHICH SCHOLARSHIPS ARE PROVIDED TO ISRAELI CITIZEN STUDENTS STUDYING IN ISRAEL, AT THE UNDERGRADUATE, GRADUATE, AND POST-GRADUATE LEVELS. DURING THE ACADEMIC YEAR 2016-2017, APPROXIMATELY 409 STUDENTS IN ISRAEL RECEIVED ASSISTANCE THROUGH THIS PROGRAM. IN ADDITION, 18 INTERNATIONAL SCHOLARS, ALL ISRAELI CITIZENS, RECEIVED INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION SCHOLARSHIPS FOR THE ACADEMIC YEAR 2016-2017, SO THAT THEY COULD PARTICIPATE IN PHD, MD, LAW, OR POST-DOCTORATE PROGRAMS AT VARIOUS UNIVERSITIES IN THE UNITED STATES, CANADA, AND EUROPE.Desc
Total Program Service Expenses$1,010,656TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members26GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
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 PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonYANA FOMINPersonNm
Phone2126837772PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1520 EIGHTH AVE 4TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
YVONNE COHEN
DIRECTOR1.00Yes (X)$0$0$0
NORMAN BELMONTE
DIRECTOR1.00Yes (X)$0$0$0
DAVID DANGOOR
DIRECTOR1.00Yes (X)$0$0$0
DAREL M BENAIM
DIRECTOR1.00Yes (X)$0$0$0
SAMUEL ELIA
DIRECTOR1.00Yes (X)$0$0$0
SIMON ELIAS
DIRECTOR1.00Yes (X)$0$0$0
EZRA MARCOS
DIRECTOR1.00Yes (X)$0$0$0
ROYSI ERBES
DIRECTOR1.00Yes (X)$0$0$0
JOSEF NAJAR
DIRECTOR1.00Yes (X)$0$0$0
ALBERT NASSER
DIRECTOR1.00Yes (X)$0$0$0
JACQUES NASSER
DIRECTOR1.00Yes (X)$0$0$0
RICHARD ROTHBERG
DIRECTOR1.00Yes (X)$0$0$0
DANIEL ROUBENI
DIRECTOR1.00Yes (X)$0$0$0
JUDY ROSENBERG
DIRECTOR1.00Yes (X)$0$0$0
ROBERT SHASHA
DIRECTOR1.00Yes (X)$0$0$0
KATRIN YAGHOUBI SOSNICK
DIRECTOR1.00Yes (X)$0$0$0
JUDITH WOLFF
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL VAKNIN
DIRECTOR1.00Yes (X)$0$0$0
CARLOS BENAIM
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
NINA A WEINER
PRESIDENT10.00Yes (X)$0$0$0Yes (X)
HARRY KATZ
TREASURER1.00Yes (X)$0$0$0Yes (X)
AVI ABERGEL
DIRECTOR1.00Yes (X)$0$0$0
YOSI MANOR
DIRECTOR1.00Yes (X)$0$0$0
JOSEPH ROSE
DIRECTOR1.00Yes (X)$0$0$0
LIOR YAHALOMI
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$803,877FundraisingAmt
All Other Contributions$821,709AllOtherContributionsAmt
Noncash Contributions$118,384NoncashContributionsAmt
Total Contributions$1,625,586TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$124,714TotalRevenueColumnAmt
Exclusion$124,714ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$244,762SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$269,337SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$24,575SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$24,575TotalRevenueColumnAmt
Related Or Exempt Func Income-$24,575RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$803,877ContriRptFundraisingEventAmt
Fundraising Direct Expenses$141,617FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$141,617TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,584,108TotalRevenueColumnAmt
Related Or Exempt Func Income-$24,575RelatedOrExemptFuncIncomeAmt
Exclusion$124,714ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$931,993TotalAmt
Program Services$931,993ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$215,048TotalAmt
Program Services$40,859ProgramServicesAmt
Management And General$83,869ManagementAndGeneralAmt
Fundraising$90,320FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$24,508TotalAmt
Program Services$4,657ProgramServicesAmt
Management And General$9,558ManagementAndGeneralAmt
Fundraising$10,293FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$12,779TotalAmt
Program Services$2,428ProgramServicesAmt
Management And General$4,984ManagementAndGeneralAmt
Fundraising$5,367FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$45,485TotalAmt
Management And General$45,485ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$34,246TotalAmt
Management And General$34,246ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$45,000TotalAmt
Fundraising$45,000FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$92,804TotalAmt
Program Services$17,632ProgramServicesAmt
Management And General$36,194ManagementAndGeneralAmt
Fundraising$38,978FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$6,285TotalAmt
Program Services$1,194ProgramServicesAmt
Management And General$2,451ManagementAndGeneralAmt
Fundraising$2,640FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$37,854TotalAmt
Program Services$7,192ProgramServicesAmt
Management And General$14,763ManagementAndGeneralAmt
Fundraising$15,899FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$11,641TotalAmt
Program Services$2,212ProgramServicesAmt
Management And General$4,540ManagementAndGeneralAmt
Fundraising$4,889FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,783TotalAmt
Fundraising$5,783FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$917TotalAmt
Program Services$917ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
PUBLIC RELATIONS$59,688$59,688
UNCOLLECTED PLEDGES$47,000$47,000
MISCELLANEOUS EXPENSE$5,938$2,494$2,316$1,128
OTHER PROJECTS$2,337$982$911$444

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,579,306TotalAmt
Program Services$1,010,656ProgramServicesAmt
Management And General$286,317ManagementAndGeneralAmt
Fundraising$282,333FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$375,298BOYAmt
EOY$570,251EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$60,950BOYAmt
EOY$14,324EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$29,991LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$29,991LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$917BOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,021,594BOYAmt
EOY$4,423,155EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,060BOYAmt
EOY$4,060EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,462,819BOYAmt
EOY$5,011,790EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$56,535BOYAmt
EOY$78,868EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$56,535BOYAmt
EOY$78,868EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$53,791BOYAmt
EOY$203,503EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$668,928BOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,791,147BOYAmt
EOY$4,729,419EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,406,284BOYAmt
EOY$4,932,922EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,462,819BOYAmt
EOY$5,011,790EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,802ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$530,969NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$9,133PriorPeriodAdjustmentsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

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$2,564,901CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,221,024CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,354,234CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,441,167CurrentTaxYearMinus1YearAmt
Current Tax Year$1,507,203CurrentTaxYearAmt
Total$9,088,529TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,564,901CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,221,024CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,354,234CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,441,167CurrentTaxYearMinus1YearAmt
Current Tax Year$1,507,203CurrentTaxYearAmt
Total$9,088,529TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$9,088,529PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$231,025CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$155,204CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$145,963CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$129,991CurrentTaxYearMinus1YearAmt
Current Tax Year$124,714CurrentTaxYearAmt
Total$786,897TotalAmt
FieldValueIRS element (for citing)
Total Support$9,875,426TotalSupportAmt
Public Support CY1700.92030PublicSupportCY170Pct
Public Support PY1700.92260PublicSupportPY170Pct
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

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,168,525BeginningYearBalanceAmt
Contributions$560,894ContributionsAmt
End Year Balance$4,729,419EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,791,147BeginningYearBalanceAmt
Contributions$377,378ContributionsAmt
End Year Balance$4,168,525EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,080,187BeginningYearBalanceAmt
Contributions$25,000ContributionsAmt
Other Expenditures$314,040OtherExpendituresAmt
End Year Balance$3,791,147EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,867,755BeginningYearBalanceAmt
Contributions$342,432ContributionsAmt
Other Expenditures$130,000OtherExpendituresAmt
End Year Balance$4,080,187EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,637,868BeginningYearBalanceAmt
Contributions$229,887ContributionsAmt
End Year Balance$3,867,755EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$29,991InvestmentCostOrOtherBasisAmt
Depreciation$29,991DepreciationAmt
FieldValueIRS element (for citing)
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,629,593TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$45,485DonatedServicesAndUseFcltsAmt
Revenue Not Reported$45,485RevenueNotReportedAmt
Revenue Subtotal$1,584,108RevenueSubtotalAmt
Total Revenue Per Form990$1,584,108TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,624,791TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$45,485DonatedServicesUseFcltsAmt
Expenses Not Reported$45,485ExpensesNotReportedAmt
Expenses Subtotal$1,579,306ExpensesSubtotalAmt
Total Expenses Per Form990$1,579,306TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationAS OF SEPTEMBER 30, 2017, MANAGEMENT BELIEVES THAT BASED ON EVALUATION ON ISEF'S TAX POSITIONS THAT ANY LIABILITY AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE IMMATERIAL. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS TO ASSIST IN EVALUATING THE SCHOOL'S TAX POSITIONS. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE RECOGNIZED AS PART OF THE INCOME TAX POSITION. INCOME TAX RETURNS ARE FILED IN THE U.S. FEDERAL JURISDICTION AND STATE JURISDICTION. U.S. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2014 ARE CLOSED. INCOME TAX RETURNS ARE ALSO FILED IN ISRAEL AND TAX RETURNS PRIOR TO FISCAL YEAR 2014 ARE CONSIDERED CLOSED.ExplanationTxt

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionMIDDLE EASTRegionTxt
Type Of Activities ConductedGRANT MAKINGTypeOfActivitiesConductedTxt
Region Total Expenditures$931,993RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Spent$931,993SubtotalSpentAmt
Total Spent$931,993TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
Purpose Of GrantGENERAL SUPPORTPurposeOfGrantTxt
Cash Grant$718,720CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceEDUCATION GRANTSTypeOfAssistanceTxt
RegionMIDDLE EASTRegionTxt
Recipient18RecipientCnt
Cash Grant$213,273CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE F, PAGE 1, PART I, LINE 2ISEF ISRAEL'S FUNDING FOR SCHOLARSHIP AND OTHER EXPENSES IS PROVIDED BY ISEF NEW YORK. ISEF ISRAEL PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS THROUGH ASSOCIATED COLLEGES OR UNIVERSITIES AND DIRECTLY TO THE STUDENTS. THE SCHOLARSHIPS ARE DESIGNATED ONLY FOR THOSE UNDERSERVED ISRAELI STUDENTS. ISEF ISRAEL WORKS CLOSELY WITH THESE INSTITUTIONS TO PROPERLY PROVIDE THE SCHOLARSHIPS IN ACCORDANCE WITH ISEF NEW YORK POLICY. FUNDS TRANSFERRED TO ISEF ISRAEL ARE APPROVED BY ISEF NEW YORK'S EXECUTIVE DIRECTOR AND TREASURER IN ACCORDANCE WITH ISEF NEW YORK'S POLICY.
SCHEDULE F, PAGE 1, PART I, LINE 3MIDDLE EAST 931,993 0

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1BARBI ZAKIN EVENTSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1370 EAST 76TH STREET SUITE B503AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10021ZIPCd
FieldValueIRS element (for citing)
ActivityFUNDRAISINActivityTxt
Fundraiser Control Of FundsYes (true)FundraiserControlOfFundsInd
Gross Receipts$807,877GrossReceiptsAmt
Retained By Contractor$45,000RetainedByContractorAmt
Net To Organization$762,877NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$807,877TotalGrossReceiptsAmt
Total Retained By Contractors$45,000TotalRetainedByContractorsAmt
Total Net To Organization$762,877TotalNetToOrganizationAmt

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALA 2017Event1Nm
Gross Receipts Event1$803,877GrossReceiptsEvent1Amt
Charitable Contri Event1$803,877CharitableContriEvent1Amt
Rent Facility Costs Event1$126,647RentFacilityCostsEvent1Amt
Entertainment Event1$11,990EntertainmentEvent1Amt
Other Direct Expenses Event1$2,980OtherDirectExpensesEvent1Amt
Gross Receipts Total$803,877GrossReceiptsTotalAmt
Charitable Contributions Tot$803,877CharitableContributionsTotAmt
Rent Fclty Costs Total Events$126,647RentFcltyCostsTotalEventsAmt
Entertainment Total Events$11,990EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$2,980OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$141,617DirectExpenseSummaryEventsAmt
Net Income Summary-$141,617NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (III)FormAndLineReferenceDesc
ExplanationBARBI ZAKIN EVENTS NOExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution5ContributionCnt
Noncash Contributions Rpt F990$72,899NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$45,485NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONINTERNATIONAL SEPHARDIC EDUCATION FOUNDATION'S MISSION IS TO NARROW ISRAEL'S SOCOI-ECONOMIC GAP THROUGH HIGHER EDUCATION. ITS UNIQUE METHODOLOGY COMBINES SCHOLARSHIP SUPPORT FOR GIFTED YOUNG PEOPLE FROM DISADVANTAGED BACKGROUNDS WITH COMMUNITY SERVICE, LEADERSHIP TRAINING, AND SOCIAL-CONSCIENCE BUILDING.
FORM 990, PAGE 6, PART VI, LINE 2NINA A. WEINER WALTER H. WEINER CARLOS BENAIM DAREL M. BENAIM
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 WAS PROVIDED TO INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION'S BOARD MEMBERS IN ELECTRONIC FORM FOR REVIEW.
FORM 990, PAGE 6, PART VI, LINE 12CON AN ANNUAL BASIS THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH RESPECTIVE BOARD MEMBER AND HE/SHE IS REQUIRED TO COMPLETE THE DISCLOSURE STATEMENT AND RETURN THE DOCUMENT TO ISEF'S EXECUTIVE DIRECTOR. ISEF'S EXECUTIVE DIRECTOR ALSO SENDS OUT AN ELECTRONIC COPY OF THE DOCUMENT TO THOSE BOARD MEMBERS WHO ARE NOT PRESENT AT THE BOARD MEETING, ASKING THEM TO COMPLETE AND RETURN THE DISCLOSURE STATEMENT.
FORM 990, PAGE 6, PART VI, LINE 15ATHE PROCESS THAT ISEF'S EXECUTIVE COMMITTEE USES TO DETERMINE COMPENSATION FOR THE POSITION OF EXECUTIVE DIRECTOR AS WELL AS TOP MANAGEMENT POSITIONS INCLUDES ACCESSING COMPARABILITY DATA AS PART OF THE DELIBERATION AND DECISION MAKING.
FORM 990, PAGE 6, PART VI, LINE 15BTHE PROCESS THAT ISEF'S EXECUTIVE COMMITTEE USES TO DETERMINE COMPENSATION FOR OFFICERS OR OTHER KEY EMPLOYEES INCLUDES ACCESSING COMPARABILITY DATA AS PART OF THE DELIBERATION AND DECISION MAKING.
FORM 990, PAGE 6, PART VI, LINE 19ISEF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERESTS POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST.
FORM 990, PART XIITHE BOARD IS RESPONSIBLE FOR AUDIT OVERSIGHT AND SELECTION OF INDEPENDENT

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ISEF INTERNATIONAL ED FUNDBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line14 CHAIM PEKERIS ST SCIENCE PARKAddressLine1Txt
CityREHOVOTCityNm
Province Or StateISRAELProvinceOrStateNm
CountryISCountryCd
FieldValueIRS element (for citing)
Primary ActivitiesPROGRAM ADPrimaryActivitiesTxt
Legal Domicile Foreign CountryISLegalDomicileForeignCountryCd
Exempt Code SectionAMUTOTExemptCodeSectionTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ISEFBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeRTransactionTypeTxt
Involved$718,720InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.