American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci in New York, New York (NY)

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American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci
Employer Identification Number (EIN)131996126
Name of OrganizationAmerican Friends Of The Tel Aviv University Inc
Secondary NameTel Aviv University American Counci
Address39 Broadway, New York, NY 10006-3003
ActivitiesOther school related activities, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date08/1957
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$48,209,185
Amount of Income$47,249,545
Form 990 Revenue Amount$24,311,670
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: Single Organization Support


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Amount of income in 2012: $47,249,545
This organization: 

 $47,249,545
Other organizations performing similar types of work: 

 $293,223

Assets in 2012: $48,209,185
American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci: 

 $48,209,185
Other organizations performing similar types of work: 

 $250,204

Expenses in 2007: $20,533,784
This organization: 

 $20,533,784
Other organizations performing similar types of work: 

 $4,341,539

Income to expenses ratio in 2007: 1.4
American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci: 

 1.4
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 84.3%
This organization: 

 84.3%
Other organizations performing similar types of work: 

 82.2%

Number of employees in 2007: 19
American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci: 

 19
Other organizations performing similar types of work: 

 22

Employees paid over $50,000 in 2007: 47.4%
American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci: 

 47.4%
Other organizations performing similar types of work: 

 30.0%

Grants share in income in 2007: 88.0%
This organization: 

 88.0%
Other organizations performing similar types of work: 

 88.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022007
Total revenue$13,155,466$21,042,028$15,046,170$29,765,863
Contributions, gifts, grants, and similar amounts received$11,770,158$20,204,484$14,320,958$26,184,995
Contributions to donor advised funds$0
Direct public support$11,770,158$20,204,484$14,170,958$26,184,995
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$150,000$0
Program service revenue including government fees and contracts$797,278$470,064$278,520$2,117,096
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$828,998$648,568$637,969$99,479
Dividends and interest from securities$0$0$0$1,438,725
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-282,533$-284,907$-250,934$-89,065
Gross amount from sales of assets other than inventory$3,291,931$6,156,660$3,366,788$12,641,130
Less: cost or other basis and sales expenses$3,574,464$6,441,567$3,617,722$12,730,195
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$41,565$3,819$59,657$14,633
Total expenses$16,614,979$20,698,582$13,858,998$20,533,784
Program services$15,942,472$19,393,454$12,796,952$17,307,093
Management and general$366,091$614,746$371,810$1,275,889
Fundraising$306,416$690,382$690,236$1,950,802
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$34,404,897$34,422,837$37,022,327$48,287,931
Excess or (deficit) for the year$-3,459,513$343,446$1,187,172$9,232,079
Net assets or fund balances at beginning of year$38,009,515$34,404,897$34,422,837$45,832,711
Other changes in net assets or fund balances$-145,105$-325,506$1,412,318$-6,776,859
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$20,533,784$17,307,093$1,275,889$1,950,802
Grants paid from donor advised funds$0
Other grants and allocations$16,880,475
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$510,378$0$510,378$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,105,166$144,782$141,593$818,791
Pension plan contributions not included above$45,204$4,227$350$40,627
Employee benefits not included above$112,163$19,173$15,729$77,261
Payroll taxes$96,838$10,995$36,054$49,789
Professional fundraising fees$60,000$0$0$60,000
Accounting fees$87,632$12,482$52,605$22,545
Legal fees$26,738$0$18,717$8,021
Supplies$85,544$14,669$28,350$42,525
Telephone$43,701$8,943$13,903$20,855
Postage and shipping$29,000$4,169$6,208$18,623
Occupancy$391,734$31,000$144,294$216,440
Equipment rental and maintenance$13,893$0$5,557$8,336
Printing and publications$181,630$19,334$32,459$129,837
Travel$86,473$19,316$16,789$50,368
Conferences, conventions, and meetings$51,536$1,696$7,476$42,364
Interest$0$0$0$0
Depreciation, depletion, etc.$45,320$15,381$7,485$22,454
Other expenses not covered above$680,359$120,451$237,942$321,966
Balance Sheets
2000200120022007
Total assets$35,679,635$35,628,593$38,603,520$51,378,186
Cash - non-interest-bearing$921,618$1,631,571$1,259,942$1,000
Savings and temporary cash investments$0$0$0$2,823,977
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$19,321,769$18,844,972$20,583,099$21,467,221
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$78,667$104,760$70,438$323,079
Investments - publicly-traded securities$24,758,913
Investments - other securities$14,751,808$14,468,093$16,265,115$1,141,573
Investments - land, buildings, and equipment less accumulated depreciation$447,000$447,000$320,000$30,000
Investments - other$0$0$0$693,853
Land, buildings, and equipment less accumulated depreciation$154,294$132,197$88,375$122,255
Other assets, including program-related investments$4,479$0$16,551$16,315
Total liabilities$1,274,738$1,205,756$1,581,193$3,090,255
Accounts payable and accrued expenses$117,649$102,425$79,510$198,943
Grants payable$0$0$0$0
Deferred revenue$339,961$154,171$297,903$1,153,722
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$817,128$949,160$1,203,780$1,737,590
Total liabilities and net assets/fund balances$35,679,635$35,628,593$38,603,520$51,378,186
Total net assets or fund balances$34,404,897$34,422,837$37,022,327$48,287,931
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022007
Total revenue$13,155,466$21,042,028$15,046,170$29,765,863
Total revenue, gains, and other support per audited financial statements$13,010,361$20,716,522$16,458,488$21,677,391
Other expenses$-145,105$-325,506$1,412,318$-6,958,941
Net unrealized gains on investments$0$-231,888$1,570,181$-6,629,341
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$-145,105$-93,618$-157,863$-329,600
Other revenue$0$0$0$1,129,531
Investment expenses$0$0$0$0
Other$0$0$0$1,129,531
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022007
Total expenses$16,614,979$20,698,582$13,858,998$20,533,784
Total expenses and losses per audited financial statements$16,614,979$20,698,582$13,858,998$20,351,702
Other revenue$0$0$0$-182,082
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$-182,082
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$299,650$33,141$0
40$141,440$36,147$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings39
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200619
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,463,772$2,117,096
Program service revenue
Program service revenue 1000000$000$0$2,117,096
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$99,479$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,438,725$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-89,065$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$14,633$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$126,792$12,178$0
$117,772$17,497$0
$103,224$10,960$0
$92,256$11,832$0
$71,002$25,555$0
Total number of other employees paid over $50,0002
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
1999200020012006
Total$24,501,099$16,987,513$19,588,808$21,177,946
Gifts, grants, and contributions received$22,272,723$15,319,672$18,466,357$18,049,789
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,489,710$797,278$470,064$1,671,616
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$713,973$828,998$648,568$1,454,097
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$24,693$41,565$3,819$2,444
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$15,158,056
Contributions, Gifts, Grants and Other Similar Amounts$8,954,577
Program Service Revenue$4,489,973
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$861,060
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$827,903
Gross amount from sales of assets other than inventory (Securities / Other)$11,124,833 / $0
Less: cost or other basis and sales expenses (Securities / Other)$10,296,930 / $0
Gain or (loss) (Securities / Other)$827,903 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$24,543
Statement of Functional Expenses (for 2011)
Total functional expenses$17,297,488
Compensation of current officers, directors, trustees, and key employees$392,997
Other salaries and wages$1,560,349
Payroll taxes$133,242
Professional fundraising services$24,750
Other$15,186,150
Balance Sheet (for 2011)
Total assets$44,191,385
Total liabilities$3,803,191
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$3,803,191
Total net assets or fund balances$40,388,194
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$72,829,154
Gifts, grants, contributions, and membership fees received$67,422,958
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$5,406,196
Gross receipts from related activities, etc.$14,642,611
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Rotary Foundation Of Rotary International, Georgetown Breakfast RotaryPo Box 2046, Georgetown, SC 29442SC1983-08$1,445,522,427
2University Of Western OntarioLondon Ontario N6a 3k7, Canadainternational1966-08$981,189,525
3American Friends Of The Hebrew University IncOne Batter Park Plaza 25th Fl, New York, NY 10004-1405NY1948-10$157,931,395
4American Committee For The Weizmann Institute Of Science Inc633 3rd Ave Fl 20, New York, NY 10017-8156NY1947-08$118,903,000
5American Friends Of The Tel Aviv University Inc, Tel Aviv University American Counci39 Broadway, New York, NY 10006-3003NY1957-08$47,249,545
6American School Foundation Ac01120 Las Americas Mexico Ca, Mexicointernational1965-09$44,819,476
7Heifer International Foundation1 World Ave, Little Rock, AR 72202-2863AR1992-02$34,053,368
8American Committee For Shaare Zedek55 W 39th St Fl 4, New York, NY 10018-0563NY1954-04$25,624,898
9Winston Churchill Foundation Of The United States Ltd600 Madison Ave 16th Flr, New York, NY 10022-1615NY1964-07$3,590,335
10American Friends Of Sheba Medical Center-Tel Hashomer Inc250 W 57th St Ste 711, New York, NY 10107-0704NY1995-02$1,824,846
11Pontifical University Of The Holy Cross Foundation524 North Avenue, New Rochelle, NY 10801-3400NY1992-06$26,555,449
12Cambridge In America292 Madison Ave Fl 8, New York, NY 10017-6317NY1967-04$15,861,380
13American Friends Of I D C116 East 16th Street 11th Fl, New York, NY 10003-2112NY1997-12$10,675,751
14Pardes Institute Of Jewish Studies North America IncSuite 802, New York, NY 10018NY1985-12$7,440,092
15American Friends Of The Rambam Medical Center521 Fifth Avenue Suite 1731, New York, NY 10175-0003NY1969-10$7,072,843
16American Academy In Berlin14 E 60th St Ste 604, New York, NY 10022-7130NY1992-04$4,925,829
17Oxford University Development North America Inc500 Fifth Ave, New York, NY 10110-0002NY1989-05$3,678,739
18Kolel Chibas Jerusalem4802a 12th Ave, Brooklyn, NY 11219-3002NY1950-03$3,281,836
19Judaicasite Inc1755 E 14th St, Brooklyn, NY 11229-2001NY2001-03$2,315,042
20Friends Of Yeshivat Haran IncCo Rabbi Brubin 569 East 8th, Brooklyn, NY 11218NY1985-01$1,970,060
21Lse Foundation424 W 33rd St Rm 280, New York, NY 10001-2651NY2001-02$1,479,738
22American Friends Of Ateret Cohanem Inc, Jerusalem Reclamation Project470 7th Ave Ste 311 3rd Fl, New York, NY 10018-7266NY1987-05$1,086,645
23American Friends Of Bais Hamedresh TaharosC/O Shane Yurman Cpa 127 Route 59, Monsey, NY 10952NY2001-02$1,044,427
24American Friends Of Shehebar Sephardic Center Incorporated34 West 33rd Street, New York, NY 10001-3304NY1983-08$975,818
25Friends Of Nahal Haredi Inc, Anshei Chayil127 Rte 59, Monsey, NY 10952-3629NY2000-02$807,357
26American Committee For Shenkar College In Israel Inc307 7th Avenue, New York, NY 10001-6007NY1990-07$767,376
27American Friends Of Yeshivas Luzern Inc40 Nissan Ct, Monsey, NY 10952-3357NY1998-11$645,393
28Friends Of The Ariel Center For Policy Research Inc3145 Coney Island Avenue, Brooklyn, NY 11235-5369NY1998-06$613,833
29American Friends Of Ohr Jerusalem Inc1316-B Gravesend Neck Rd, Brooklyn, NY 11229NY2000-08$484,355
30American Friends Of Ilan IncSirius Llc 2109 Broadway, New York, NY 10023NY1985-09$476,455
Number of organizations performing similar types of work
Arkansas1
Arizona2
California16
Colorado1
Connecticut1
District of Columbia9
Delaware4
Florida4
Georgia4
Iowa1
Illinois4
Indiana1
Kentucky1
Massachusetts9
Maryland5
Michigan7
Minnesota3
Missouri2
New Jersey10
New York69
Ohio4
Oregon2
Pennsylvania6
Rhode Island1
South Carolina3
South Dakota1
Tennessee1
Texas8
Virginia9
Washington1
Wisconsin1
International5
Total196

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