2014-10-14T17:19:38-05:00 2013-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-01-01 132961273 ISRAEL TENNIS CENTERS FOUNDATION INC ISRA 6468847450 432 PARK AVENUE SOUTH NO 4TH FL NEW YORK NY 10016 BRUCE APPEL CFO 6468847450 2014-10-14 1 ROBERT R LYONS CPA P00227472 2125038800 2013 2015-11-30 17:44:51Z JACQUELINE S GLODSTEIN 432 PARK AVENUE SOUTH NO 4TH FL NEW YORK NY 10016 31205735 0 X WWW.ISRAELTENNISCENTERS.ORG X 1978 NY USING TENNIS AS A VEHICLE, ITC IMPROVES THE QUALITY OF LIVES OF CHILDREN THROUGH ITS PROGRAMS. 53 53 13 0 338 0 4759739 5713450 0 0 932007 1914883 824 0 5692570 7628333 5127791 5192733 0 0 757268 1250453 0 0 1259846 905346 964703 6790405 7407889 -1097835 220444 21559020 23129584 2134069 3410389 19424951 19719195 X THROUGH THE MEDIUM OF TENNIS, THE ITC OFFERS COEXISTENCE PROGRAMS FOR JEWISH, ARAB, CHRISTIAN, DRUZE, AND BEDOUIN KIDS, HOLISTIC WELFARE PROGRAMS FOR AT-RISK CHILDREN, STRUCTURED PHYSICAL EDUCATION PROGRAMS FOR CHILDREN WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES AND SPORTS AND EDUCATION WORKSHOPS TO HELP IMMIGRANT CHILDREN INTEGRATE INTO ISRAELI SOCIETY. OVER 20,000 CHILDREN ARE SERVED ANNUALLY. THE PROGRAMS NURTURE TOLERANCE AND COLLABORATION, PROMOTING A FUTURE OF PEACEFUL COEXISTENCE. 0 0 5561927 5192733 THE MAJOR PROGRAM ACCOMPLISHMENTS SUPPORTED AT THE ISRAEL TENNIS CENTERS IN 2013 REVOLVED AROUND RESOURCES SENT TO PROVIDE SCHOLARSHIPS TO UNDERPRIVILEGED AND AT RISK CHILDREN TO ATTEND SOCIAL IMPACT PROGRAMS AT THE CENTERS, IMPROVEMENT AND SAFETY ENHANCEMENTS AT THE TENNIS CENTERS, SUPPORT OF HIGH PERFORMANCE TENNIS PROGRAMS AND COMPETITIVE TOURNAMENTS FOR CHILDREN, AS WELL AS COEXISTENCE AND SPECIAL NEEDS PROGRAMS FOR CHILDREN. 5561927 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 0 13 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 53 53 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 IL NY AL AK AZ AR CA CO CT FL GA HI KS KY LA ME MD MA MI MN MS MO DC NH NJ NM NC ND OH OK OR PA RI SC TN UT VA WA WI X BRUCE APPEL 6468847450 C/O ISRAEL TENNIS CENTERS FOUNDATIO NEW YORK NY 10016 ALAN GOLDNER PRESIDENT 2.00 X X 0 0 0 ALAN GOLDSTEIN VICE PRESIDENT 2.00 X X 0 0 0 AMY F HENDRICKS DIRECTOR 2.00 X 0 0 0 HAROLD S DIVINE DIRECTOR 2.00 X 0 0 0 BARRY FEINBERG LIFETIME DIRECTOR 2.00 X 0 0 0 BENJAMIN BEILER DIRECTOR 2.00 X 0 0 0 BRUCE R BACHMANN VICE PRESIDENT 2.00 X X 0 0 0 BUNNY SHESTACK DIRECTOR 2.00 X 0 0 0 BURTON S URY DIRECTOR 2.00 X 0 0 0 DARREN ZEIDEL DIRECTOR 2.00 X 0 0 0 DAVID HIRSCH DIRECTOR 2.00 X 0 0 0 DAVID LIPPY DIRECTOR 2.00 X 0 0 0 DR ERIC S MARSHALL LIFETIME DIRECTOR 2.00 X 0 0 0 DR JOEL MANN DIRECTOR 2.00 X 0 0 0 DR WILLIAM H LIPPY LIFETIME DIRECTOR 2.00 X 0 0 0 EDWARD E REICIN DIRECTOR 2.00 X 0 0 0 ELLEN GENEDER DIRECTOR 2.00 X 0 0 0 EUGENE M GRANT DIRECTOR 2.00 X 0 0 0 GERALD L COHEN SECRETARY 2.00 X X 0 0 0 GERALD MILLMAN DIRECTOR 2.00 X 0 0 0 GLORIA BORIS LIFETIME DIRECTOR 2.00 X 0 0 0 H FRED LEVINE DIRECTOR 2.00 X 0 0 0 HAROLD ROSENSON LIFETIME DIRECTOR 2.00 X 0 0 0 JACOB SLEVIN DIRECTOR 2.00 X 0 0 0 JAMES E FRANK DIRECTOR 2.00 X 0 0 0 JEFFREY MARSHALL DIRECTOR 2.00 X 0 0 0 JILLIAN MERNS DIRECTOR 2.00 X 0 0 0 LOREN GREENSPON DIRECTOR 2.00 X 0 0 0 JOANNA SLEVIN DIRECTOR 2.00 X 0 0 0 JOYCE PERNIN DIRECTOR 2.00 X 0 0 0 KAREN BERSTEIN DIRECTOR 2.00 X 0 0 0 LARRY GREENSPON LIFETIME DIRECTOR 2.00 X 0 0 0 LES NACKMAN DIRECTOR 2.00 X 0 0 0 LINDA J KATELL ROWAN DIRECTOR 2.00 X 0 0 0 MARY BIANCO DIRECTOR 2.00 X 0 0 0 MAURICE S COHEN DIRECTOR 2.00 X 0 0 0 MICHAEL RITTER DIRECTOR 2.00 X 0 0 0 NORMA ROSENBERG CAMPAIGN CHAIR 2.00 X 0 0 0 ORIN S NEIMAN LIFETIME DIRECTOR 2.00 X 0 0 0 REBECCA HELLER DIRECTOR 2.00 X 0 0 0 RICHARD SAVITT LIFETIME DIRECTOR 2.00 X 0 0 0 RICK STONE DIRECTOR 2.00 X 0 0 0 ROBERT KARATZ DIRECTOR 2.00 X 0 0 0 ROSALTE ROSENZWOG DIRECTOR 2.00 X 0 0 0 ROSALIND DEVON DIRECTOR 2.00 X 0 0 0 SAM LIEBOVICH LIFETIME DIRECTOR 2.00 X 0 0 0 SANDRA L LIPPY VICE PRESIDENT 2.00 X X 0 0 0 SEYMOUR BRODE LIFETIME DIRECTOR 2.00 X 0 0 0 STEVE HALPERN DIRECTOR 2.00 X 0 0 0 STUART M SCHAPIRO DIRECTOR 2.00 X 0 0 0 SUE KARATZ DIRECTOR 2.00 X 0 0 0 SYDNEY SELATI VICE PRESIDENT 2.00 X X 0 0 0 THOMAS S BERNSTEIN TREASURER 2.00 X X 0 0 0 BRUCE APPEL CHIEF FINANCIAL OFFICER 40.00 X 132222 0 37020 JACQUELINE S GLODSTEIN VICE PRESIDENT GLOBAL DEVELOPMENT 40.00 X 274327 0 54693 BETH KYMAN WESTERN DEVELOPMENT DIRECTOR 40.00 X 144554 0 22513 YONI YAIR SOUTHEAST DEVELOPMENT DIRECTOR 40.00 X 137605 0 8974 688708 0 123200 4 0 1 0 0 5713450 89830 5713450 314389 338 314051 25177896 23577402 1600494 1600494 1600494 7628333 0 338 1914545 5192733 5192733 980761 157300 173429 650032 89199 40705 15126 33368 122473 49412 73061 58020 12448 45572 115330 44465 27733 43132 10398 3752 6646 178840 43342 36848 98650 86198 33372 11124 41702 104473 25526 5340 73607 48088 6412 20838 20838 42290 42290 8177 2726 2725 2726 56784 11594 11593 33597 PROVISION FOR BAD DEBT 172079 172079 EXHIBITIONS & EVENTS 116744 116744 DONOR RECOGNITION 15326 15326 MISCELLANEOUS 9976 5131 4845 7407889 5561927 586116 1259846 2021 1180508 1592389 1832007 3729610 68108 31546 30123 23630 24003 25824 91999 86315 10085 5684 9204280 18157478 7988403 256708 526197 21559020 23129584 108516 151773 389000 389000 849885 2149885 786668 719731 2134069 3410389 X 8673900 7733302 3619783 4204625 7131268 7781268 19424951 19719195 21559020 23129584 X 220444 127208 -59665 6257 X X 0 1 X 1 0 X 1666134 2776927 2781563 4759739 5713450 17697813 1666134 2776927 2781563 4759739 5713450 17697813 1305600 16392213 656956 570032 469178 437185 314389 2447740 20145553 0.81370 0.78220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17044410 650000 1827795 1692265 17829940 18788095 112125 1318427 3110131 64106 17044410 21983877 1098719 -1215139 3012101 67261 18788095 21318774 204454 2047266 1533039 53578 21983877 20063075 28667 2831838 1565948 38858 21318774 0.56360 0.43640 0 0 91999 86315 5684 5684 STATE OF ISRAEL BONDS 6709000 F ALTERNATIVE INVESTMENTS 1279403 F 7988403 CHARITABLE GIFT ANNUITY PAYABLE 719731 719731 X 7702133 127208 6257 133465 7568668 59665 59665 7628333 7407889 0 7407889 0 7407889 PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2013 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE DECEMBER 31, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS -321. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 6,578. 0 ISRAEL 0 0 PROGRAM SERVICES SOCIAL SERVICES USING TENNIS AS THE MEDIUM 5713450 0 0 0 0 0 0 5713450 0 5713450 ISRAEL SOCIAL SERVICES USING TENNIS AS THE MEDIUM 5713450 WIRE TRANSFER 0 FMV 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 BRUCE APPEL CHIEF FINANCIAL OFFICER 132222 0 0 0 0 0 7933 0 29087 0 169242 0 0 0 JACQUELINE S GLODSTEIN VICE PRESIDENT GLOBAL DEVELOPMENT 274327 0 0 0 0 0 16460 0 38233 0 329020 0 0 0 BETH KYMAN WESTERN DEVELOPMENT DIRECTOR 144554 0 0 0 0 0 8673 0 13840 0 167067 0 0 0 X 11 89830 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DR. WILLIAM H. LIPPY AND SANDRA L. LIPPY ARE MARRIED; DAVID LIPPY IS THEIR SON. ROBERT KARATZ AND SUE KARATZ ARE MARRIED. THOMAS BERNSTEIN AND KAREN BERNSTEIN ARE MARRIED. JACOB SLEVIN IS THE SON OF JOANNA SLEVIN. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON WHO SUBSCRIBES TO THE AIMS, PURPOSES AND OBJECTIVES OF THE CORPORATION AND WHO MAKES OR HAS MADE A CONTRIBUTION IN SUCH AMOUNT AS SHALL BE DETERMINED BY THE BOARD OF DIRECTORS, FROM TIME TO TIME, TO BE IN SUPPORT OF SUCH AIMS AND PURPOSES MAY BE A MEMBER OF THE CORPORATION. THE MEMBERS OF THE CORPORATION SHALL BE CLASSIFIED AS VOTING MEMBERS AND NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ARE SENT NAMES OF NOMINEES AT LEAST TWENTY DAYS BEFORE THE ANNUAL MEETING. OTHER NOMINATIONS MAY BE MADE IN WRITING BY FIFTY VOTING MEMBERS PROVIDED THAT SUCH NOMINATIONS ARE RECEIVED BY THE SECRETARY OF THE CORPORATION AT LEAST FIFTEEN DAYS BEFORE SUCH ANNUAL MEETING OF THE VOTING MEMBERS. NO PERSONS SHALL BE BALLOTED FOR DIRECTORS WHOSE NAMES ARE NOT PLACED IN NOMINATION IN ACCORDANCE WITH THE ABOVE. AT THE ANNUAL MEETING OF THE VOTING MEMBERS, THE CHAIRPERSON OF THE NOMINATING COMMITTEE SHAL PRESET ITS REPORT AND ANY OTHER NOMINATIONS THAT HAVE BEEN MADE IN ACCORDANCE WITH THE ABOVE. DIRECTORS FOR THE ENSUING TERM SHALL BE ELECTED BY A MAJORITY VOTE OF THE VOTING MEMBERS PRESENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE SHALL HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. NO COMMITTEE SHALL HAVE THE AUTHORITY TO APPROVE OR RECOMMEND TO MEMBERS ACTIONS OR PROPOSALS REQUIRED TO BE APPROVED BY VOTING MEMBERS, FILL VACANIES ON THE BOARD OF DIRECTORS OR ANY COMMITTEES, ADOPT, AMEND OR REPEAL THESE BYLAWS, AUTHORIZE OR APPROVE QUALIFICATIONS FOR MEMBERS OR AUTHORIZE OR APPROVE DISSOLUTION OF THE COPORATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE PRESIDENT AND TREASURER FOR THEIR REVIEW AND APPROVAL. ONCE APPROVED THE 990 IS CIRCULATED TO THE ENTIRE BOARD. ONCE THE BOARD HAS APPROVED THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY DISCLOSURE FORM, WHICH IS THEN REVIEWED BY THE BOARD OF DIRECTORS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE AND THE BUDGET COMMITTEE REVIEW AND SET THE COMPENSATION AMOUNTS OF ALL EMPLOYEES BY REVIEWING THE COMPARABLE FEDERAL COST OF LIVING SCHEDULES. THE BUDGET IS THEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -321. CHANGE IN CASH SURRENDER VALUE OF INSURANCE 6,578. FORM 990, PART XII, LINE 2C THE FOUNDATION'S FINANCIAL STATEMENTS WERE AUDITED BY MARKS PANETH. THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM LAST YEAR.