Maimonidies Benevolent Society

“The following individuals have a family relationship: - irwin krasnow and robin laveman - joseph rick and irwin krasnow”

“Maimonides benevolent society is a membership organization. Applicants for membership in maimonides benevolent society shall be persons of the jewish faith, 18 years of age and not more than 50 years of age. He or she shall be of good moral character. Every member at his/her initiation into the society shall sign the constitution and solemnly promise to abide by and support it.”

“Members of the society have the power to elect or appoint one or more members of the governing body. The society shall hold its annual meeting for members of the society at the office of maimonides benevolent society in the state of new york on the second tuesday in january each year. At this meeting the members shall hold an election for members of the board of directors. At the annual membership meeting the trustees shall be elected for a term of three years. The election of the trustees shall be so continued that every year the term of office of one of the three trustees shall expire so that one trustee shall be elected at each annual election. In the event that there are two vacancies in the office of trustee, the president shall call a special meeting of the membership for the election of trustees to fill the vacancies. Such election may be held by the members by attending in person or by proxy.”

“The constitution and by-laws may be amended, added to or repealed by the members of maimonides benevolent society at any meeting of the members of the society by a majority vote of those present at such meeting call for such purpose. Where such amendment has been made by the members of the society, the same shall not be subject to change by the board of directors.”

“Maimonidies benevolent society has its form 990 prepared by an outside accounting firm and have established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at p.o. Box 125, elmont, ny 11003...or by calling the organization directly at (516)-775-6222.”

“The society generated gross income from alternative investments over $1,000. However the loss from these k-1s resulted in a loss so no 990-t was filed.”

“The organization changed its method of accounting from the cash basis to the accrual basis. Due to this change, the net assets of the organization at december 31 2014 were restated as follows: net assets at 12/31/2014 as previously reported $5,576,856 adjustments to net assets: adjustment of investments from cost to fair market value 139,794 record expenses paid in 2015 which related to 2014 (47,938) reverse depreciation expense previously recorded on land 134,401 adjust plots available for sale previously recorded as land (127,014) net assets at 12/31/14 as restated $5,676,099”

“The maimonidies benevolent society board assumes responsibility for the oversight of the audit of its financial statements and selection of its independent auditor. The policy for selection and oversight of the independent auditors has not changed since last year.”