Civic Intelligence

International Sephardic

EIN 13-2909403 • 501(c)3 • New York, NY

Profile

International sephardic education foundation's mission is to narrow isreal's socoi-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.

100 Park Ave 16th FloorNew York, NY 10017

www.isef.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$145,259

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.1%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,623,489

Up $1,062,694 (+14%) from 2023

Liabilities

Up

$69,851

Up $32,280 (+86%) from 2023

Net Assets

Up

$8,553,638

Up $1,030,414 (+14%) from 2023

Revenue

Up

$1,849,521

Up $55,434 (+3.1%) from 2023

Expenses

Down

$2,084,689

Down $37,000 (-1.7%) from 2023

Net Income

Up

-$235,168

Up $92,434 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $6,026,982Liabilities 2010: $9,480Net Assets 2010: $6,017,5022010Assets 2011: $5,698,701Liabilities 2011: $17,527Net Assets 2011: $5,681,1742011Assets 2012: $5,698,620Liabilities 2012: $9,030Net Assets 2012: $5,689,5902012Assets 2013: $4,755,184Liabilities 2013: $40,989Net Assets 2013: $4,714,1952013Assets 2014: $4,325,492Liabilities 2014: $43,632Net Assets 2014: $4,281,8602014Assets 2015: $4,024,841Liabilities 2015: $41,495Net Assets 2015: $3,983,3462015Assets 2016: $4,462,819Liabilities 2016: $56,535Net Assets 2016: $4,406,2842016Assets 2017: $5,011,790Liabilities 2017: $78,868Net Assets 2017: $4,932,9222017Assets 2018: $5,248,792Liabilities 2018: $349,646Net Assets 2018: $4,899,1462018Assets 2019: $6,324,336Liabilities 2019: $463,628Net Assets 2019: $5,860,7082019Assets 2020: $6,025,026Liabilities 2020: $25,320Net Assets 2020: $5,999,7062020Assets 2021: $6,731,282Liabilities 2021: $57,032Net Assets 2021: $6,674,2502021Assets 2022: $7,426,438Liabilities 2022: $83,287Net Assets 2022: $7,343,1512022Assets 2023: $7,560,795Liabilities 2023: $37,571Net Assets 2023: $7,523,2242023Assets 2024: $8,623,489Liabilities 2024: $69,851Net Assets 2024: $8,553,6382024

Highlighted filing

2024

Assets$8,623,489
Liabilities$69,851
Net Assets$8,553,638

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $3,479,2372010Expenses 2011: $3,321,4652011Expenses 2012: $3,340,6952012Revenue 2013: $2,753,659Expenses 2013: $3,866,980Net Income 2013: -$1,113,3212013Revenue 2014: $2,320,967Expenses 2014: $3,003,670Net Income 2014: -$682,7032014Revenue 2015: $1,442,154Expenses 2015: $1,426,628Net Income 2015: $15,5262015Revenue 2016: $1,473,867Expenses 2016: $1,342,410Net Income 2016: $131,4572016Revenue 2017: $1,584,108Expenses 2017: $1,579,306Net Income 2017: $4,8022017Revenue 2018: $1,883,643Expenses 2018: $1,924,641Net Income 2018: -$40,9982018Revenue 2019: $2,832,652Expenses 2019: $1,930,075Net Income 2019: $902,5772019Revenue 2020: $1,777,209Expenses 2020: $1,847,200Net Income 2020: -$69,9912020Revenue 2021: $2,006,232Expenses 2021: $1,764,454Net Income 2021: $241,7782021Revenue 2022: $3,948,014Expenses 2022: $2,095,861Net Income 2022: $1,852,1532022Revenue 2023: $1,794,087Expenses 2023: $2,121,689Net Income 2023: -$327,6022023Revenue 2024: $1,849,521Expenses 2024: $2,084,689Net Income 2024: -$235,1682024

Highlighted filing

2024

Revenue$1,849,521
Expenses$2,084,689
Net Income-$235,168

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$0.07$8.55$1.85$2.08$0.24
2023Detailed filing. Detailed filing data is available for this year.$7.56$0.04$7.52$1.79$2.12$0.33
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.43$0.08$7.34$3.95$2.10$1.85
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.73$0.06$6.67$2.01$1.76$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$0.03$6.00$1.78$1.85$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.32$0.46$5.86$2.83$1.93$0.90
2018Summary only. Only limited summary data is available for this year.$5.25$0.35$4.90$1.88$1.92$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$0.08$4.93$1.58$1.58$0.00
2016Detailed filing. Detailed filing data is available for this year.$4.46$0.06$4.41$1.47$1.34$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.02$0.04$3.98$1.44$1.43$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.33$0.04$4.28$2.32$3.00$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.04$4.71$2.75$3.87$1.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$0.01$5.69$3.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$0.02$5.68$3.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$0.01$6.02$3.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,993,232
Mission and Program Overview

Mission

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.

Israel scholarship education foundation's mission is to narrowisrael's socio-economic gap through higher education. Its uniquemethodology combines scholarship support for gifted young people fromdisadvantaged backgrounds with community service, leadership training, and social-conscience building.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,403,736$8,482,358▲ $1,078,622
Pledges and Grants Receivable$20,000$78,092▲ $58,092
Cash and Non-Interest-Bearing Accounts$132,999$52,352▼ $80,647
Prepaid Expenses and Deferred Charges-$6,627-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,560,795$8,623,489▲ $1,062,694
Other Assets Total$4,060$4,060→ $0
Liabilities
Accounts Payable and Accrued Expenses$37,571$69,851▲ $32,280
Total Liabilities$37,571$69,851▲ $32,280
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,022,111$7,903,516▲ $881,405
Net Assets Without Donor Restrictions$501,113$650,122▲ $149,009
Total Net Assets Fund Balance$7,523,224$8,553,638▲ $1,030,414
Total Liabilities and Net Assets / Fund Balance$7,560,795$8,623,489▲ $1,062,694

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$14,215-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,022,111-▲ $1,285,405$404,000$7,903,516
2022$6,980,169$50,000▲ $691,942$700,000$7,022,111
2021$5,717,157$2,496,455▼ $1,233,443-$6,980,169
2020$4,665,917$350,000▲ $901,240$200,000$5,717,157
2019$4,757,640-▲ $358,277$450,000$4,665,917
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dmitry ShimelfarbExecutive DirectorFT$145,259$145,259

Board Members and Trustees

NameTitle
Nina a Weiner Co IsefChairwoman/emerita
Carlos BenaimPresident
Albert NasserDirector
Avi AbergelDirector
Daniel RoubeniDirector
Darel M BenaimDirector
David DangoorDirector
Ezra MarcosDirector
Jacques NasserDirector
Joseph RoseDirector
Judith WolffDirector
Judy RosenbergDirector
Katrin Yaghoubi SosnickDirector
Michael VakninDirector
Norman BelmonteDirector
Robert ShashaDirector
Roysi ErbesDirector
Samuel EliaDirector
Simon EliasDirector
Yosi ManorDirector
Yvonne CohenDirector
Richard RothbergSecretary
Harry KatzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,750,617
Program Service Revenue
$0
Investment Income
$235,181
Other Revenue
$-136,277
All Other Contributions
$966,517
Change in Net Assets
$-235,168

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$57,312Fair Market Value
Total Noncash Contributions3$57,312-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,849,521
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,265,582
Total Revenue per Audited Statements
$3,115,103
Total Revenue per Form 990
$1,849,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,273,694
Salaries, Compensation, and Employee Benefits$380,641
Other Expenses$345,877
Total Fundraising Expense$263,257
Professional Fundraising Fees$84,477

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,273,694--$1,273,694
Other Salaries and Wages$74,879$49,782$66,076$190,737
Fees for Services Other$46,853$68,299$33,606$148,758
Current Officers, Directors, Trustees, and Key Employees$57,025$37,912$50,322$145,259
Fees for Services Professional Fundraising--$84,477$84,477
Information Technology$51,928$3,822-$55,750
Payroll Taxes$17,527$11,652$15,466$44,645
Advertising$36,136--$36,136
Fees for Services Accounting-$34,969-$34,969
Office Expenses$9,419$8,219$7,904$25,542
Travel$10,192--$10,192
Other Expenses$7,961$889$0$8,850
Fees for Services Legal-$6,300-$6,300
Conferences and Meetings$2,130--$2,130
Total Functional Expenses$1,599,588$221,844$263,257$2,084,689

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,090,989
Expenses per Audited Statements$2,084,689
Total Expenses per Form 990$2,084,689
Expenses Not Reported on Form 990$6,300
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,273,694

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle EastGrant Making-00$1,273,694
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$136,277
Professional Fundraising Fees$84,477
Fundraising Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$784,100-$136,277-
Total Events$784,100-$136,277$-136,277
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

1. Carlos benaim is married to darel benaim. 2. Yosi manor is married to smadar manor.

Form 990, Part VI, Section B, Line 11B

Form 990 was provided to israel scholarship 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 document 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. The process that isef's executive committee uses to determine compensation for officers or other key employees 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.

Filing and Contact Details

Filer

Filer Name
Israel Scholarship Education Foundation
EIN
13-2909403
Phone
2126837772
Address
100 PARK AVE 16TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Harry Katz
Title
Treasurer
Phone
2126837772
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yosi Manor
Formed
1977
Legal Domicile
Ny
Voting Board Members
28
Independent Board Members
28
Employees
4
Volunteers
0

Preparer

Firm
Prager Metis Cpas LLC
Address
401 HACKENSACK AVE 4TH FLOOR, HACKENSACK, NJ 07601
Preparer
Corey H Neubauer CPA
Phone
2013427753
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Part x- fin 48 footnote as of september 30, 2024, management believes that based on evaluation on isef's tax positions that any liability as a result of uncertain tax positions would be immaterial. Management continually evaluates expiring statutes of limitations, changes in tax law, and new authoritative rulings to assist in evaluating the organization'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 jurisdiction. U.s. Federal and state income tax returns prior to fiscal year 2020 are closed. Income tax returns are also filed in israel and tax returns prior to fiscal year 2020 are considered closed.

Part XII Line 4B

Scholarship expense $1,273,694

Raw XML AppendixShowing 400 of 718 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ISRAEL SCHOLARSHIP EDUCATION FOUNDATION'S MISSION IS TO NARROWISRAEL'S SOCIO-ECONOMIC GAP THROUGH HIGHER EDUCATION. ITS UNIQUEMETHODOLOGY COMBINES SCHOLARSHIP SUPPORT FOR GIFTED YOUNG PEOPLE FROMDISADVANTAGED BACKGROUNDS WITH COMMUNITY SERVICE, LEADERSHIP TRAINING, AND SOCIAL-CONSCIENCE BUILDING.
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IRS990/Desc0THE ISRAEL SCHOLARSHIP EDUCATION FOUNDATION PROVIDES FUNDS TO ITS AFFILIATED 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 2023-2024, APPROXIMATELY 432 STUDENTS IN ISRAEL RECEIVED ASSISTANCE THROUGH THIS PROGRAM. IN ADDITION, 21 INTERNATIONAL SCHOLARS, ALL ISRAELI CITIZENS, RECEIVED ISRAEL SCHOLARSHIP EDUCATION FOUNDATION SCHOLARSHIPS FOR THE ACADEMIC YEAR 2023-2024, SO THAT THEY COULD PARTICIPATE IN PHD, MD, LAW, OR POST-DOCTORATE PROGRAMS AT VARIOUS UNIVERSITIES IN THE UNITED STATES, CANADA, AND EUROPE.PROBONO LEGAL FEES FOR THE YEAR 2023-2024 IS $6,300.00
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IRS990/Form990PartVIISectionAGrp/PersonNm1AVI ABERGEL
IRS990/Form990PartVIISectionAGrp/PersonNm2CARLOS BENAIM
IRS990/Form990PartVIISectionAGrp/PersonNm3DANIEL ROUBENI
IRS990/Form990PartVIISectionAGrp/PersonNm4DAREL M BENAIM
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID DANGOOR
IRS990/Form990PartVIISectionAGrp/PersonNm6EZRA MARCOS
IRS990/Form990PartVIISectionAGrp/PersonNm7HARRY KATZ
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IRS990/Form990PartVIISectionAGrp/PersonNm9JOSEPH ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm10JUDITH WOLFF
IRS990/Form990PartVIISectionAGrp/PersonNm11JUDY ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm12KATRIN YAGHOUBI SOSNICK
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL VAKNIN
IRS990/Form990PartVIISectionAGrp/PersonNm14NINA A WEINER CO ISEF
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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