Civic Intelligence

The Galilee Foundation Inc

990EZ • Fiscal year 2014 • EIN 13-3599062

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 10, 2015

C/O Shudofsky 209 W 86th StNew York, NY 10024

(212) 877-9053

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.10x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

100th percentile

201.59x

Higher debt load relative to revenue than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-90919%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

16th percentile

-28%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-33%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$53,855

Down $21,105 (-28%) from 2013

Net Assets

Down

$48,412

Down $24,548 (-34%) from 2013

Liabilities

Up

$5,443

Up $3,443 (+172%) from 2013

Revenue

Down

$27

Down $13 (-33%) from 2013

Expenses

Up

$24,575

Up $6,673 (+37%) from 2013

Net Income

Down

-$24,548

Down $6,686 (-37%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2010: $120,910Liabilities 2010: $13,932Net Assets 2010: $106,9782010Assets 2011: $104,615Liabilities 2011: $9,375Net Assets 2011: $95,2402011Assets 2012: $96,822Liabilities 2012: $6,000Net Assets 2012: $90,8222012Assets 2013: $74,960Liabilities 2013: $2,000Net Assets 2013: $72,9602013Assets 2014: $53,855Liabilities 2014: $5,443Net Assets 2014: $48,4122014Assets 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$53,855
Liabilities$5,443
Net Assets$48,412

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $100,402Expenses 2010: $116,833Net Income 2010: -$16,4312010Revenue 2011: $87Expenses 2011: $11,825Net Income 2011: -$11,7382011Revenue 2012: $55Expenses 2012: $4,473Net Income 2012: -$4,4182012Revenue 2013: $40Expenses 2013: $17,902Net Income 2013: -$17,8622013Revenue 2014: $27Expenses 2014: $24,575Net Income 2014: -$24,5482014Revenue 2015: $38Expenses 2015: $48,450Net Income 2015: -$48,4122015

Highlighted filing

2014

Revenue$27
Expenses$24,575
Net Income-$24,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$27
Mission and Program Overview

Mission

To provide economic relief & to promote public good through various programs that provide fundamental human services, support of loan fund programs & excavation and restoration of historical and religious sites in the galilee region of israel.

Program Services

DescriptionGrantsExpenses
The Organization granted $21,132 to AMIT in support of their School entrepreneurship program. AMIT enables Israels youth to realize their potential and strengthens Israeli society by educating and nurturing children from diverse backgrounds within a framework of academic excellence, Jewish values and Zionist ideals. Founded in 1925, AMIT operates 110 schools, youth villages, surrogate family residences and other programs, constituting Israels only government-recognized network of religious Jewish education incorporating academic and technological studies$21,132-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JONATHAN HERLANDS ESQPres. & Director-$0--
BINYAMIN SHALEVDirector-$0--
MELVIN STEINSec. & Director-$0--
Filing and Contact Details

Filer

Filer Name
The Galilee Foundation Inc
EIN
13-3599062
Phone
2128779053
Address
C/O SHUDOFSKY 209 W 86TH ST, NEW YORK, NY 10024

Signing Officer

Name
Binyamin Shalev
Title
Director
Signed
2015-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Kurcias Jaffe & Company LLP
Address
1400 OLD COUNTRY ROAD 309, WESTBURY, NY 11590
Preparer
Eric Mendelsohn CPA
Phone
5164827777
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.7

Class of Activity: CHARITABLE | Donee's Name: AMIT SCHOOL ENTREPRENEURSHIP PROGRAM | Donee's Address: 817 BROADWAY, 3RD FLOOR NEW YORK, NY 10003 | Relationship of Donee: N/A | Cash Amount Given: $21132

Other Expenses.1

Professional and admin. Fees $3343

Other Expenses.2

FILING FEES $100

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $2000 Accounts Payable and Accrued Expenses - Ending $5443

Raw XML Appendix194 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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IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE ECONOMIC RELIEF & TO PROMOTE PUBLIC GOOD THROUGH VARIOUS PROGRAMS THAT PROVIDE FUNDAMENTAL HUMAN SERVICES, SUPPORT OF LOAN FUND PROGRAMS & EXCAVATION AND RESTORATION OF HISTORICAL AND RELIGIOUS SITES IN THE GALILEE REGION OF ISRAEL.
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0111111111
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0GOVERNMENT
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: CHARITABLE | Donee's Name: AMIT SCHOOL ENTREPRENEURSHIP PROGRAM | Donee's Address: 817 BROADWAY, 3RD FLOOR NEW YORK, NY 10003 | Relationship of Donee: N/A | Cash Amount Given: $21132
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROFESSIONAL AND ADMIN. FEES $3343
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FILING FEES $100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Payable and Accrued Expenses - Beginning $2000 Accounts Payable and Accrued Expenses - Ending $5443
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
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ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BINYAMIN SHALEV
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GALILEE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GALI
ReturnHeader/Filer/EIN0133599062
ReturnHeader/Filer/PhoneNum02128779053
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O SHUDOFSKY 209 W 86TH ST
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010024
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kurcias Jaffe & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01400 OLD COUNTRY ROAD 309
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011590
ReturnHeader/PreparerPersonGrp/PhoneNum05164827777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC MENDELSOHN CPA
ReturnHeader/ReturnTs02015-11-10T09:09:10-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings