ISRAEL SCHOLARSHIP EDUCATION FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ISRAEL SCHOLARSHIP EDUCATION FOUNDATION (EIN 13-2909403)
Tax period
2015-10-01 to 2016-09-30
Filed
2017-08-14
IRS object ID
201742269349301339
Schema version
2015v3.0
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)
Return2017-08-14T12:21:03-04:00ReturnTs
Tax Period End2016-09-30TaxPeriodEndDt

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 Begin2015-10-01TaxPeriodBeginDt

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
Signature2017-08-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN SEROTTA CPAPreparerPersonNm
PTINP00634981PTIN
Phone2013427753PhoneNum
Preparation2017-08-14PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNINA A WEINERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1520 EIGHTH AVENUE 4TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,754,226GrossReceiptsAmt
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 Body29VotingMembersGoverningBodyCnt
Voting Members Independent29VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,354,234PYContributionsGrantsAmt
CY Contributions Grants$1,441,167CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$145,963PYInvestmentIncomeAmt
CY Investment Income$115,139CYInvestmentIncomeAmt
PY Other Revenue-$58,043PYOtherRevenueAmt
CY Other Revenue-$82,439CYOtherRevenueAmt
PY Total Revenue$1,442,154PYTotalRevenueAmt
CY Total Revenue$1,473,867CYTotalRevenueAmt
PY Grants And Similar Paid$916,144PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$899,083CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$214,223PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$131,413CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$45,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$45,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$183,214CYTotalFundraisingExpenseAmt
PY Other Expenses$251,261PYOtherExpensesAmt
CY Other Expenses$266,914CYOtherExpensesAmt
PY Total Expenses$1,426,628PYTotalExpensesAmt
CY Total Expenses$1,342,410CYTotalExpensesAmt
PY Revenues Less Expenses$15,526PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$131,457CYRevenuesLessExpensesAmt
Total Assets BOY$4,024,841TotalAssetsBOYAmt
Total Assets EOY$4,462,819TotalAssetsEOYAmt
Total Liabilities BOY$41,495TotalLiabilitiesBOYAmt
Total Liabilities EOY$56,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,983,346NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,406,284NetAssetsOrFundBalancesEOYAmt
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$953,562ExpenseAmt
Grant$899,083GrantAmt
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 2015-2016, APPROXIMATELY 362 STUDENTS IN ISRAEL RECEIVED ASSISTANCE THROUGH THIS PROGRAM. IN ADDITION, 14 INTERNATIONAL SCHOLARS, ALL ISRAELI CITIZENS, RECEIVED INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION SCHOLARSHIPS FOR THE ACADEMIC YEAR 2015-2016, 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$953,562TotalProgramServiceExpensesAmt
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 Document20IRPDocumentCnt
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 Members29GoverningBodyVotingMembersCnt
Independent Voting Member29IndependentVotingMemberCnt
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)
PersonANITA SCHNEEPersonNm
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 (29 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
LISA SASSON CHETRIT
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
HARVEY M KRUEGER
DIRECTOR1.00Yes (X)$0$0$0
ALBERT NASSER
DIRECTOR1.00Yes (X)$0$0$0
JACQUES NASSER
DIRECTOR1.00Yes (X)$0$0$0
MAYER ROSENZWEIG
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
WALTER H WEINER
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$632,995FundraisingAmt
All Other Contributions$808,172AllOtherContributionsAmt
Noncash Contributions$45,969NoncashContributionsAmt
Total Contributions$1,441,167TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$129,991TotalRevenueColumnAmt
Exclusion$129,991ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$158,068SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$172,920SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$14,852SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$14,852TotalRevenueColumnAmt
Related Or Exempt Func Income-$14,852RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$25,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$632,995ContriRptFundraisingEventAmt
Fundraising Direct Expenses$107,439FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$82,439TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,473,867TotalRevenueColumnAmt
Related Or Exempt Func Income-$14,852RelatedOrExemptFuncIncomeAmt
Exclusion$129,991ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$899,083TotalAmt
Program Services$899,083ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$98,603TotalAmt
Program Services$18,735ProgramServicesAmt
Management And General$38,455ManagementAndGeneralAmt
Fundraising$41,413FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$23,349TotalAmt
Program Services$4,436ProgramServicesAmt
Management And General$9,106ManagementAndGeneralAmt
Fundraising$9,807FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$9,461TotalAmt
Program Services$441ProgramServicesAmt
Management And General$3,959ManagementAndGeneralAmt
Fundraising$5,061FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$39,369TotalAmt
Management And General$39,369ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$49,200TotalAmt
Management And General$49,200ManagementAndGeneralAmt

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$95,090TotalAmt
Program Services$18,067ProgramServicesAmt
Management And General$37,085ManagementAndGeneralAmt
Fundraising$39,938FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,679TotalAmt
Program Services$699ProgramServicesAmt
Management And General$1,435ManagementAndGeneralAmt
Fundraising$1,545FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$41,519TotalAmt
Program Services$7,889ProgramServicesAmt
Management And General$16,192ManagementAndGeneralAmt
Fundraising$17,438FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,103TotalAmt
Program Services$1,920ProgramServicesAmt
Management And General$3,940ManagementAndGeneralAmt
Fundraising$4,243FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,998TotalAmt
Fundraising$6,998FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,190TotalAmt
Management And General$2,190ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS EXPENSE$11,020$2,094$4,298$4,628
PUBLIC RELATIONS$6,707$6,707
OTHER PROJECTS$1,039$198$405$436

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,342,410TotalAmt
Program Services$953,562ProgramServicesAmt
Management And General$205,634ManagementAndGeneralAmt
Fundraising$183,214FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$238,335BOYAmt
EOY$375,298EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$97,358BOYAmt
EOY$60,950EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$29,991LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$29,074LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,106BOYAmt
EOY$917EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,681,982BOYAmt
EOY$4,021,594EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,024,841BOYAmt
EOY$4,462,819EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$41,495BOYAmt
EOY$56,535EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$41,495BOYAmt
EOY$56,535EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$53,210BOYAmt
EOY-$53,791EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$245,409BOYAmt
EOY$668,928EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

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

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,983,346BOYAmt
EOY$4,406,284EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,024,841BOYAmt
EOY$4,462,819EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$131,457ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$291,481NetUnrlzdGainsLossesInvstAmt
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$2,978,605CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,564,901CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,221,024CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,354,234CurrentTaxYearMinus1YearAmt
Current Tax Year$1,441,167CurrentTaxYearAmt
Total$10,559,931TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,978,605CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,564,901CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,221,024CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,354,234CurrentTaxYearMinus1YearAmt
Current Tax Year$1,441,167CurrentTaxYearAmt
Total$10,559,931TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$10,559,931PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$223,119CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$231,025CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$155,204CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$145,963CurrentTaxYearMinus1YearAmt
Current Tax Year$129,991CurrentTaxYearAmt
Total$885,302TotalAmt
FieldValueIRS element (for citing)
Total Support$11,445,233TotalSupportAmt
Gross Receipts Rltd Activities$25,000GrossReceiptsRltdActivitiesAmt
Public Support CY1700.92260PublicSupportCY170Pct
Public Support PY1700.92370PublicSupportPY170Pct
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$3,791,147BeginningYearBalanceAmt
Contributions$377,378ContributionsAmt
End Year Balance$4,168,525EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,637,868BeginningYearBalanceAmt
Contributions$229,887ContributionsAmt
End Year Balance$3,867,755EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,526,867BeginningYearBalanceAmt
Contributions$236,001ContributionsAmt
Other Expenditures$125,000OtherExpendituresAmt
End Year Balance$3,637,868EndYearBalanceAmt
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$29,074DepreciationAmt
Book Value$917BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$917TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,513,236TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$39,369DonatedServicesAndUseFcltsAmt
Revenue Not Reported$39,369RevenueNotReportedAmt
Revenue Subtotal$1,473,867RevenueSubtotalAmt
Total Revenue Per Form990$1,473,867TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,381,779TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$39,369DonatedServicesUseFcltsAmt
Expenses Not Reported$39,369ExpensesNotReportedAmt
Expenses Subtotal$1,342,410ExpensesSubtotalAmt
Total Expenses Per Form990$1,342,410TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationAS OF SEPTEMBER 30, 2016, 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 2013 ARE CLOSED. INCOME TAX RETURNS ARE ALSO FILED IN ISRAEL AND TAX RETURNS PRIOR TO FISCAL YEAR 2013 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$899,083RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Spent$899,083SubtotalSpentAmt
Total Spent$899,083TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
Purpose Of GrantGENERAL SUPPORTPurposeOfGrantTxt
Cash Grant$717,083CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt

Foreign Individuals Grants ForeignIndividualsGrantsGrp

FieldValueIRS element (for citing)
Type Of AssistanceEDUCATION GRANTSTypeOfAssistanceTxt
RegionMIDDLE EASTRegionTxt
Recipient14RecipientCnt
Cash Grant$182,000CashGrantAmt
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 899,083 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$657,995GrossReceiptsAmt
Retained By Contractor$45,000RetainedByContractorAmt
Net To Organization$612,995NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$657,995TotalGrossReceiptsAmt
Total Retained By Contractors$45,000TotalRetainedByContractorsAmt
Total Net To Organization$612,995TotalNetToOrganizationAmt

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALA 2016Event1Nm
Gross Receipts Event1$657,995GrossReceiptsEvent1Amt
Charitable Contri Event1$632,995CharitableContriEvent1Amt
Gross Revenue Event1$25,000GrossRevenueEvent1Amt
Rent Facility Costs Event1$78,629RentFacilityCostsEvent1Amt
Entertainment Event1$3,250EntertainmentEvent1Amt
Other Direct Expenses Event1$25,560OtherDirectExpensesEvent1Amt
Gross Receipts Total$657,995GrossReceiptsTotalAmt
Charitable Contributions Tot$632,995CharitableContributionsTotAmt
Gross Revenue Total Events$25,000GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$78,629RentFcltyCostsTotalEventsAmt
Entertainment Total Events$3,250EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$25,560OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$107,439DirectExpenseSummaryEventsAmt
Net Income Summary-$82,439NetIncomeSummaryAmt

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$45,969NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt
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
CityREHOVOT, ISRAELCityNm
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$717,083InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt

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