2014-08-14T12:23:10-05:00 2013-09-30 221655803 DORFMAN ABRAMS MUSIC LLC 250 PEHLE AVE SUITE 702 SADDLE BROOK NJ 07663 990 2012-10-01 132909403 INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION INTE 2126837772 520 EIGHTH AVE 4TH FLOOR NEW YORK NY 10018 JANICE G STOLAR 2126837772 2014-08-13 1 ANDREW SILVERSTEIN CPA P00359249 2014039750 2012 2015-11-30 17:44:51Z X JOSEPH M ROSE 520 EIGHTH AVENUE 4TH FLOOR NEW YORK NY 10018 8677800 0 X WWW.ISEF.ORG X 1977 NY INTERNATIONAL 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. 26 26 6 30 0 0 2978605 2504400 0 0 250552 291526 -55302 -42267 3173855 2753659 2387544 2910835 0 0 473683 463562 47500 50000 408449 431968 442583 3340695 3866980 -166840 -1113321 5698620 4755184 9030 40989 5689590 4714195 X INTERNATIONAL 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. 0 0 3013786 2910835 THE INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION PROVIDES FUNDS TO ITS AFFILIATE 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 2012-2013, APPROXIMATELY 492 STUDENTS IN ISRAEL RECEIVED ASSISTANCE THROUGH THIS PROGRAM. IN ADDITION, 25 INTERNATIONAL SCHOLARS, ALL ISRAELI CITIZENS, RECEIVED INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION SCHOLARSHIPS FOR THE ACADEMIC YEAR 2012-2013, SO THAT THEY COULD PARTICIPATE IN PHD, MD, LAW, OR POST-DOCTORATE PROGRAMS AT VARIOUS UNIVERSITIES IN THE UNITED STATES,CANADA, AND EUROPE. 3013786 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 17 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ANITA SCHNEE 2126837772 520 EIGHTH AVE 4TH FLOOR NEW YORK NY 10018 AVI ABERGEL 1.00 X 0 0 0 YVONNE COHEN 1.00 X 0 0 0 NORMAN BELMONTE 1.00 X 0 0 0 DAVID DANGOOR 1.00 X 0 0 0 CARLOS BENAIM 1.00 X X 0 0 0 LISA SASSON CHETRIT 1.00 X 0 0 0 DAREL M BENAIM 1.00 X 0 0 0 SAMUEL ELIA 1.00 X 0 0 0 SIMON ELIAS 1.00 X 0 0 0 EZRA MARCOS 1.00 X 0 0 0 ROYSI ERBES 1.00 X 0 0 0 JOSEF NAJAR 1.00 X 0 0 0 HARVEY M KRUEGER 1.00 X 0 0 0 ALBERT NASSER 1.00 X 0 0 0 JACQUES NASSER 1.00 X 0 0 0 MAYER ROSENZWEIG 1.00 X 0 0 0 JOSEPH ROSE 1.00 X X 0 0 0 RICHARD ROTHBERG 1.00 X 0 0 0 DANIEL ROUBENI 1.00 X 0 0 0 JUDY ROSENBERG 1.00 X 0 0 0 ROBERT SHASHA 10.00 X 0 0 0 WALTER H WEINER 1.00 X 0 0 0 KATRIN YAGHOUBI SOSNICK 1.00 X 0 0 0 JUDITH WOLFF 1.00 X 0 0 0 MICHAEL VAKNIN 1.00 X 0 0 0 NINA A WEINER 10.00 X X 0 0 0 JANICE G STOLAR 35.00 X 193486 0 580 193486 0 580 1 0 1 0 0 557673 1946727 168072 2504400 231025 231025 5877755 5817254 60501 60501 60501 64620 557673 106887 -42267 -42267 2753659 0 0 249259 2910835 2910835 191296 19130 86083 86083 207191 47018 70074 90099 35254 35254 29821 5028 11637 13156 83328 83328 50000 50000 89278 20816 15612 52850 3349 3349 26664 26664 89777 89777 13246 13246 10959 10959 3599 3599 PUBLIC RELATIONS 103015 103015 MISCELLANEOUS EXPENSE 19368 19368 3866980 3013786 444745 408449 160406 645255 91640 108667 379 1494 31876 23125 12350 8751 5421519 3978691 12326 12326 5698620 4755184 9030 40989 9030 40989 X 1344641 491748 707081 354692 3637868 3867755 5689590 4714195 5698620 4755184 -1113321 137926 0 X X 0 1 X 1 0 X 2574012 1817692 3018790 2978605 2564901 12954000 2574012 1817692 3018790 2978605 2564901 12954000 12954000 106992 178220 246702 223119 231025 986058 64779 64779 14004837 0.92500 0.40200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3637868 229887 3867755 3526867 236001 125000 3637868 3280617 246250 3526867 3170617 110000 3280617 2927217 468400 225000 3170617 1.00000 0 0 31876 23125 8751 8751 X 3193381 137926 29000 272796 439722 2753659 0 2753659 4275643 29000 379663 408663 3866980 0 3866980 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: AS OF SEPTEMBER 30, 2013, MANAGEMENT BELIEVES THAT BASED ON EVALUATION ON ISEF'S TAX POSITIONS THAT ANY LIABILITY AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD NOT BE MATERIAL. 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 JURISDICTIONS. U.S. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED. INCOME TAX RETURNS ARE ALSO FILED IN ISRAEL AND TAX RETURNS PRIOR TO FISCAL YEAR 2010 ARE CONSIDERED CLOSED. PART XI, LINE 2D - OTHER ADJUSTMENTS: ISEF ISRAEL INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 272,796. PART XII, LINE 2D - OTHER ADJUSTMENTS: ISEF ISRAEL INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 379,663. 1 MIDDLE EAST 0 0 GRANT MAKING 2910835 0 0 0 0 0 0 2910835 0 2910835 MIDDLE EAST GENERAL SUPPORT/CHARITABLE ACTIVITIES WIRE TRANSFER 0 EDUCATIONAL GRANTS MIDDLE EAST 493 2910835 WIRE TRANSFER 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ISEF ISRAEL'S FUNDING FOR SCHOLARSHIP AND OTHER EXPENSES IS PROVIDED BY ISEF NEW YORK. ISEF ISRAEL PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS THROUGH ASSOCIATED COLLEGES-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 NY POLICY. FUNDS TRANSFERRED TO ISEF ISRAEL ARE APPROVED BY ISEF NY'S EXECUTIVE DIRECTOR AND TREASURER IN ACCORDANCE WITH ISEF NEW YORK'S POLICY. X X X X X X 0 BARBI ZAKIN EVENTS 370 EAST 76TH STREET SUITE B503 NEW YORK NY 10021 FUNDRAISING FOR ANNUAL BENEFIT DINNER 0 517405 50000 467405 517405 50000 467405 GALA EVENT 582000 523050 58950 44200 946 3650 51600 WOMEN'S DIVISION 40293 34623 5670 490 6001 622293 557673 64620 44690 6947 3650 51600 106887 -42267 X X X X 0 0 0 0 0 0 0 0 0 JANICE G STOLAR 193486 0 0 0 0 0 0 0 580 0 194066 0 0 0 X 2 104049 MARKET VALUE X BONDS 1 64023 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS HAVE FAMILY RELATIONSHIPS: -NINA A. WEINER AND WALTER H. WEINER -CARLOS BENAIM AND DAREL M. BENAIM FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS PROVIDED TO INTERNATIONAL SEPHARDIC EDUCATION FOUNDATION'S BOARD MEMBERS IN ELECTRONIC FORM FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ON 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 DOCUMENTS TO THOSE BOARD MEMBERS WHO ARE NOT PRESENT AT THE BOARD MEETING,ASKING THEM TO COMPLETE AND RETURN THE DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE 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, PART VI, SECTION C, LINE 19 ISEF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERESTS POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST. RESPONSIBILITY FOR AUDIT OVERSIGHT FORM 990 PART XII, LINE 2C THE BOARD IS RESPONSIBLE FOR AUDIT OVERSIGHT AND SELECTION OF INDEPENDENT AUDITOR. ISEF ISRAEL 10 KARLIBACH STREET PO BOX 20201 TEL AVIV IS 67132 FUNDRAISING AND GRANTMAKING IS AMUTOT LAW AMUTOT LAW NO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 ISEF R 2910835 CASH