2016-01-11T09:45:00-06:00 2015-05-31 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2014-06-01 455230138 ISRAEL & CO ISRA 2125281500 205 EAST 42ND STREET NO 16FL NEW YORK NY 10017 RAPHAEL N MUSHER PRESIDENT 2125281500 2016-01-11 1 WILLIAM SKODY P00631754 2129671100 2016-01-11 2014 2016-04-25 22:37:26Z RAPHAEL N MUSHER 205 EAST 42ND STREET NO 16FL NEW YORK NY 10017 3157396 0 X ISRAELANDCO.ORG X 2012 DE THE 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. 6 5 5 0 0 0 2015438 3157396 0 0 0 0 0 0 2015438 3157396 24225 0 0 0 40772 558906 0 0 139413 1146465 1123011 1211462 1681917 803976 1475479 936614 2467648 127198 182753 809416 2284895 X THE 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. 0 0 1142592 0 0 TO 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. 1142592 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 NY X THE ORGANIZATION 2125281500 205 EAST 42ND STREET NO 16FL NEW YORK NY 10017 RAPHAEL N MUSHER CHAIRMAN 2.00 X X 0 0 0 AARON LAPAT TREASURER 2.00 X X 0 0 0 HARRY POLONER SECRETARY 2.00 X X 0 0 0 KENNETH STEIN DIRECTOR 1.00 X 0 0 0 TOVA KATZ DIRECTOR 1.00 X 0 0 0 GIL GALANOS EXECUTIVE DIRECTOR 40.00 X X 100302 0 13883 100302 0 13883 1 0 0 0 US ISRAEL BUSINESS COUNCIL INC 250 GREENWICH STREET 46TH FLOOR NEW YORK NY 10007 MANAGEMENT FEES 197583 1 3157396 3157396 3157396 0 0 0 X 105000 64445 19075 21480 378540 232330 68766 77444 36856 22114 7371 7371 38510 23106 7702 7702 50890 50890 8978 8978 4540 4540 276156 182898 81447 11811 4159 4159 22763 32 22402 329 67519 67519 6956 6956 COMMUNICATIONS & WEBSIT 198566 194372 4194 DELAGATION TRIP EXPENSE 191581 191581 VIDEO PRODUCTION 97796 97796 TRAVEL, CONFERENCES & M 95423 54596 27551 13276 97684 75163 22521 1681917 1142592 399912 139413 X 87437 52462 17488 17487 678181 2346215 230000 101213 28433 5694 0 14526 936614 2467648 113353 182753 13845 127198 182753 X 243800 185460 565616 2099435 809416 2284895 936614 2467648 1475479 0 X 0 1 X 0 0 X 5500 2015438 3157396 5178334 5500 2015438 3157396 5178334 3492671 1685663 5178334 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3179503 22107 22107 3157396 0 3157396 1704024 22107 22107 1681917 0 1681917 FORM 990, PART VI, SECTION A, LINE 3 IN 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 6 THE ORGANIZATION WAS FORMED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE 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 12C THE 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 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: 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. US ISRAEL BUSINESS COUNCIL 250 GREENWICH STREET NEW YORK NY 10007 273923348 BUSINESS COUNCIL NY 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 US ISRAEL BUSINESS COUNCIL L 19641 MGMT FEES - SEE SCH O US ISRAEL BUSINESS COUNCIL P 36693 REIMB EXP - SEE SCH O