BETA

ITREK INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ITREK INC (EIN 45-5230138)
Tax period
2014-06-01 to 2015-05-31
Filed
2016-01-11
IRS object ID
201600119349300830
Schema version
2014v6.0
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)
Return2016-01-11T09:45:00-06:00ReturnTs
Tax Period End2015-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133597814PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SKODY SCOT & CO CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1520 EIGHTH AVE SUITE 2200AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455230138EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ISRAEL & COBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlISRABusinessNameControlTxt
Phone2125281500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1205 EAST 42ND STREET NO 16FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAPHAEL N MUSHERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2125281500PhoneNum
Signature2016-01-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM SKODYPreparerPersonNm
PTINP00631754PTIN
Phone2129671100PhoneNum
Preparation2016-01-11PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRAPHAEL N MUSHERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1205 EAST 42ND STREET NO 16FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,157,396GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressISRAELANDCO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE ORGANIZATION IS TO EDUCATE A GENERATION OF LEADERS ABOUT ISRAEL'S VALUES AND GLOBAL CONTRIBUTIONS TO THE WORLD, AND TO EXPOSE THEM TO THE SKILLS AND EDUCATION THAT ISRAEL CAN OFFER THEM PERSONALLY.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,015,438PYContributionsGrantsAmt
CY Contributions Grants$3,157,396CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,015,438PYTotalRevenueAmt
CY Total Revenue$3,157,396CYTotalRevenueAmt
PY Grants And Similar Paid$24,225PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$40,772PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$558,906CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$139,413CYTotalFundraisingExpenseAmt
PY Other Expenses$1,146,465PYOtherExpensesAmt
CY Other Expenses$1,123,011CYOtherExpensesAmt
PY Total Expenses$1,211,462PYTotalExpensesAmt
CY Total Expenses$1,681,917CYTotalExpensesAmt
PY Revenues Less Expenses$803,976PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,475,479CYRevenuesLessExpensesAmt
Total Assets BOY$936,614TotalAssetsBOYAmt
Total Assets EOY$2,467,648TotalAssetsEOYAmt
Total Liabilities BOY$127,198TotalLiabilitiesBOYAmt
Total Liabilities EOY$182,753TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$809,416NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,284,895NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE ORGANIZATION IS TO EDUCATE A GENERATION OF LEADERS ABOUT ISRAEL'S VALUES AND GLOBAL CONTRIBUTIONS TO THE WORLD, AND TO EXPOSE THEM TO THE SKILLS AND EDUCATION THAT ISRAEL CAN OFFER THEM PERSONALLY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,142,592ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescTO ACCOMPLISH ITS MISSION, ISRAEL AND CO.'S FIRST PILOT PROGRAM, "ITREK," FOCUSES ON TOP US AND INTERNATIONAL MBA PROGRAMS, WHICH HAVE PROVEN TO BE SOURCES OF FUTURE LEADERS IN BUSINESS, AND INFLUENCERS IN A VARIETY OF GLOBAL ISSUES. THE ITREK PROGRAM HELPS MBA PROFESSORS AND STUDENTS CREATE 7-10 DAY GUIDED TRIPS TO ISRAEL THROUGHOUT THE YEAR. ISRAEL & CO. HELPS FACULTY AND STUDENT LEADERS TO PROMOTE AND RECRUIT FOR THE TRIPS, ARRANGE LOGISTICS, AND PROVIDES ON-SITE TOUCH-POINTS FOR TRIP PARTICIPANTS, CUSTOMIZED ITINERARIES, COORDINATION WITH KEY BUSINESS AND GOVERNMENT LEADERS, PROMOTIONAL TOOLS, EDUCATIONAL READING MATERIALS, T-SHIRTS, PHOTO ALBUMS AND SOCIAL MEDIA SUPPORT. THE PROGRAM ALSO EXPANDED TO INCLUDE LAW & POLICY AIMED TO STIMULATE STUDENT LED TRIP ACTIVITY AT TOP LAW AND POLICY SCHOOLS. DURING THE FISCAL YEAR THE ORGANIZATION INVESTED IN THE DEVELOPMENT AND IMPLEMENTATION OF TWO WEBSITES: 1) A NEW CORPORATE WEBSITE TO INCREASE MARKET PRESENCE, ATTRACT NEW SUPPORTERS AND SPOTLIGHT THE ORGANIZATION'S PROGRAMS TO ATTRACT NEW STUDENT LEADERS. IT INCORPORATES MULTIMEDIA, A USER FRIENDLY INTERFACE AND A NEW LOOK AND FEEL. 2) A WEBSITE FOR ITREK LEADERS WITH COMPREHENSIVE TRIP RESOURCES AND MANAGEMENT TOOLS TO ENABLE HOLISTIC TRIP PLANNING BY THE STUDENTS THEMSELVES, EMPOWERING THEIR EFFORTS WITH NEW AUTOMATED TOOLS AND ENABLING ISRAEL & CO. TO STREAMLINE AND EASILY SCALE THE MANAGEMENT AND FINANCIAL PROCESSES OF ALL TRIPS AND SEGMENTS. THIS SITE HAS FACILITATED MANAGEMENT AND PROCESS EFFICIENCIES, PROVIDING INCREASED BANDWIDTH FOR THE TEAM TO DEVELOP A LARGER BASKET OF SERVICES AND SOPHISTICATED RESOURCES. THIS PROJECT WAS FUNDED BY A DESIGNATED GIFT.Desc
Total Program Service Expenses$1,142,592TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee5EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125281500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1205 EAST 42ND STREET NO 16FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RAPHAEL N MUSHER
CHAIRMAN2.00Yes (X)Yes (X)$0$0$0
AARON LAPAT
TREASURER2.00Yes (X)Yes (X)$0$0$0
HARRY POLONER
SECRETARY2.00Yes (X)Yes (X)$0$0$0
KENNETH STEIN
DIRECTOR1.00Yes (X)$0$0$0
TOVA KATZ
DIRECTOR1.00Yes (X)$0$0$0
GIL GALANOS
EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$100,302$0$13,883
FieldValueIRS element (for citing)
Total Reportable Comp From Org$100,302TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$13,883TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1US ISRAEL BUSINESS COUNCIL INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1250 GREENWICH STREET 46TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
ServicesMANAGEMENT FEESServicesDesc
Compensation$197,583CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,157,396AllOtherContributionsAmt
Total Contributions$3,157,396TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,157,396TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$105,000TotalAmt
Program Services$64,445ProgramServicesAmt
Management And General$19,075ManagementAndGeneralAmt
Fundraising$21,480FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$378,540TotalAmt
Program Services$232,330ProgramServicesAmt
Management And General$68,766ManagementAndGeneralAmt
Fundraising$77,444FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$36,856TotalAmt
Program Services$22,114ProgramServicesAmt
Management And General$7,371ManagementAndGeneralAmt
Fundraising$7,371FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$38,510TotalAmt
Program Services$23,106ProgramServicesAmt
Management And General$7,702ManagementAndGeneralAmt
Fundraising$7,702FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$50,890TotalAmt
Management And General$50,890ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$8,978TotalAmt
Management And General$8,978ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,540TotalAmt
Management And General$4,540ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$276,156TotalAmt
Program Services$182,898ProgramServicesAmt
Management And General$81,447ManagementAndGeneralAmt
Fundraising$11,811FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,159TotalAmt
Program Services$4,159ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$22,763TotalAmt
Program Services$32ProgramServicesAmt
Management And General$22,402ManagementAndGeneralAmt
Fundraising$329FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$67,519TotalAmt
Management And General$67,519ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,956TotalAmt
Management And General$6,956ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COMMUNICATIONS & WEBSIT$198,566$194,372$4,194
DELAGATION TRIP EXPENSE$191,581$191,581
VIDEO PRODUCTION$97,796$97,796
TRAVEL, CONFERENCES & M$95,423$54,596$27,551$13,276

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$97,684TotalAmt
Program Services$75,163ProgramServicesAmt
Management And General$22,521ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,681,917TotalAmt
Program Services$1,142,592ProgramServicesAmt
Management And General$399,912ManagementAndGeneralAmt
Fundraising$139,413FundraisingAmt
FieldValueIRS element (for citing)
Joint CostsYes (X)JointCostsInd

Total Joint Costs TotalJointCostsGrp

FieldValueIRS element (for citing)
Total$87,437TotalAmt
Program Services$52,462ProgramServicesAmt
Management And General$17,488ManagementAndGeneralAmt
Fundraising$17,487FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$678,181BOYAmt
EOY$2,346,215EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$230,000BOYAmt
EOY$101,213EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$28,433BOYAmt
EOY$5,694EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$14,526EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$936,614BOYAmt
EOY$2,467,648EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$113,353BOYAmt
EOY$182,753EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$13,845BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$127,198BOYAmt
EOY$182,753EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$243,800BOYAmt
EOY$185,460EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$565,616BOYAmt
EOY$2,099,435EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$809,416BOYAmt
EOY$2,284,895EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$936,614BOYAmt
EOY$2,467,648EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,475,479ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,015,438CurrentTaxYearMinus1YearAmt
Current Tax Year$3,157,396CurrentTaxYearAmt
Total$5,178,334TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,015,438CurrentTaxYearMinus1YearAmt
Current Tax Year$3,157,396CurrentTaxYearAmt
Total$5,178,334TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,492,671SubstantialContributorsTotAmt
Public Support Total170$1,685,663PublicSupportTotal170Amt
Total Support$5,178,334TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

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

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$3,179,503TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$22,107DonatedServicesAndUseFcltsAmt
Revenue Not Reported$22,107RevenueNotReportedAmt
Revenue Subtotal$3,157,396RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,157,396TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,704,024TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$22,107DonatedServicesUseFcltsAmt
Expenses Not Reported$22,107ExpensesNotReportedAmt
Expenses Subtotal$1,681,917ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,681,917TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3IN APRIL 2011, THE ORGANIZATION ENTERED INTO A FIVE YEAR MANAGEMENT AGREEMENT WITH U.S, ISRAEL BUSINESS COUNCIL, INC. (USIBC). THE EXECUTIVE DIRECTOR OF THIS ORGANIZATION, IS THE FOUNDER AND PRESIDENT OF USIBC. USIBC PREVIOUSLY PROVIDED THE ORGANIZATION WITH PART-TIME STAFF DEDICATED TO THE ORGANIZATION'S EFFORT, AND THE TWO ENTITIES SHARED OFFICE SPACE AND SERVICES, FOR WHICH USIBC WAS REIMBURSED PURSUANT TO A MANAGEMENT AGREEMENT BETWEEN THE TWO ENTITIES. WHILE THE MANAGEMENT AGREEMENT REMAINS INTACT, USIBC IS CURRENTLY NOT PROVIDING GOODS SERVICES ON A REGULAR MONTHLY BASIS. IF UPON REQUEST, USIBC PROVIDES GOODS AND/OR SERVICES, THE ORGANIZATION WILL REIMBURSE USIBC PURSUANT TO THE PROVISIONS OF THE EXISTING MANAGEMENT AGREEMENT. THE AGREEMENT AUTOMATICALLY RENEWS FOR AN ADDITIONAL FIVE YEAR PERIOD UNLESS OTHERWISE TERMINATED. THE AGREEMENT MAY BE TERMINATED BY EITHER PARTY AT ANY TIME WITH 45 DAYS' WRITTEN NOTICE. DURING THE YEAR ENDED MAY 31, 2015, THE ORGANIZATION PAID A TOTAL OF $56,334 TO USIBC. THIS CONSISTED OF $19,641 OF MANAGEMENT FEES AND $36,693 OF REIMBURSED EXPENSES.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION WAS FORMED AS A MEMBERSHIP ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS ELECT THE ORGANIZATION'S GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11THE 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED 990 WILL BE FILED.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTANTS: PROGRAM SERVICE EXPENSES 182,898. MANAGEMENT AND GENERAL EXPENSES 67,304. FUNDRAISING EXPENSES 11,811. TOTAL EXPENSES 262,013. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,143. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,143.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1US ISRAEL BUSINESS COUNCILBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1250 GREENWICH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10007ZIPCd
FieldValueIRS element (for citing)
EIN273923348EIN
Primary ActivitiesBUSINESS COUNCILPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
US ISRAEL BUSINESS COUNCIL
L$19,641MGMT FEES - SEE SCH O
US ISRAEL BUSINESS COUNCIL
P$36,693REIMB EXP - SEE SCH O

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