Civic Intelligence

Israel Venture Network

990 • Fiscal year 2014 • EIN 14-1891915

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization Profilewww. israelventurenetwork.org
540 Cowper StreetPalo Alto, CA 94301

(650) 325-4200

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.51x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.10x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

48th percentile

2.5%

Higher net margin than 48% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$103,136

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

94th percentile

91%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

-0.9%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$183,209

Up $87,471 (+91%) from 2013

Net Assets

Up

$88,946

Up $33,342 (+60%) from 2013

Liabilities

Up

$94,263

Up $54,129 (+135%) from 2013

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin48th percentile

Revenue

Down

$923,387

Down $8,699 (-0.9%) from 2013

Expenses

Up

$900,045

Up $57,321 (+6.8%) from 2013

Net Income

Down

$23,342

Down $66,020 (-74%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$300K$200K$100K$0Assets 2010: $183,247Liabilities 2010: $182,085Net Assets 2010: $1,1622010Assets 2011: $232,210Liabilities 2011: $172,323Net Assets 2011: $59,8872011Assets 2012: $147,979Liabilities 2012: $138,737Net Assets 2012: $9,2422012Assets 2013: $95,738Liabilities 2013: $40,134Net Assets 2013: $55,6042013Assets 2014: $183,209Liabilities 2014: $94,263Net Assets 2014: $88,9462014Assets 2015: $231,879Liabilities 2015: $96,841Net Assets 2015: $135,0382015Assets 2016: $199,082Liabilities 2016: $85,300Net Assets 2016: $113,7822016Assets 2017: $169,277Liabilities 2017: $85,849Net Assets 2017: $83,4282017Assets 2018: $130,929Liabilities 2018: $61,149Net Assets 2018: $69,7802018Assets 2019: $156,369Liabilities 2019: $97,721Net Assets 2019: $58,6482019Assets 2020: $79,728Liabilities 2020: $32,899Net Assets 2020: $46,8292020Assets 2021: $75,039Liabilities 2021: $38,799Net Assets 2021: $36,2402021Assets 2022: $39,258Liabilities 2022: $14,836Net Assets 2022: $24,4222022Assets 2023: $122,127Liabilities 2023: $109,149Net Assets 2023: $12,9782023Assets 2024: $18,556Liabilities 2024: $4,363Net Assets 2024: $14,1932024

Highlighted filing

2014

Assets$183,209
Liabilities$94,263
Net Assets$88,946
Open 2014 Filing

Operations Trend

Revenue Growth37th percentile

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

$1.0M$500K$0-$500KRevenue 2010: $506,771Expenses 2010: $549,849Net Income 2010: -$43,0782010Revenue 2011: $693,851Expenses 2011: $637,076Net Income 2011: $56,7752011Expenses 2012: $825,8872012Revenue 2013: $932,086Expenses 2013: $842,724Net Income 2013: $89,3622013Revenue 2014: $923,387Expenses 2014: $900,045Net Income 2014: $23,3422014Revenue 2015: $663,984Expenses 2015: $632,892Net Income 2015: $31,0922015Revenue 2016: $605,337Expenses 2016: $621,593Net Income 2016: -$16,2562016Revenue 2017: $409,358Expenses 2017: $394,711Net Income 2017: $14,6472017Revenue 2018: $278,697Expenses 2018: $292,345Net Income 2018: -$13,6482018Revenue 2019: $341,336Expenses 2019: $352,468Net Income 2019: -$11,1322019Revenue 2020: $299,712Expenses 2020: $311,531Net Income 2020: -$11,8192020Revenue 2021: $105,018Expenses 2021: $115,607Net Income 2021: -$10,5892021Revenue 2022: $920,005Expenses 2022: $931,823Net Income 2022: -$11,8182022Revenue 2023: $527,016Expenses 2023: $538,460Net Income 2023: -$11,4442023Revenue 2024: $126,232Expenses 2024: $125,017Net Income 2024: $1,2152024

Highlighted filing

2014

Revenue$923,387
Expenses$900,045
Net Income$23,342
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$923,387
Mission and Program Overview

Mission

The Organization is at the forefront of the social business arena or fourth sector in Israel, nurturing and growing this emerging sector and generating sustainable social impact by providing Israel's social businesses with knowledge, financing and business world connections.

IVN is a philanthropy network of business executives, corporations and philanthropists in the United States and Israel. IVN aims to provide scalable, systemic solutions for the social, educational and employment crises that jeopardize Israel's success.Social Venture Program :The Society's Social Venture Program, the leading program of the Society, is the next generation of the Social Entrepreneur Fellowship Program and the program for creating employment opportunities in the periphery.The program includes the selection, creation of partnership around a co-venture, mentoring, capacity building and participation of the co-venture expenses, in non-profit organizations with high potential in creating a social impact. The program is implemented by the Society's volunteering mentors and professional team, in collaboration with leading partners from the private, public and non-profit sectors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$45,968$130,460▲ $84,492
Cash and Non-Interest-Bearing Accounts$49,487$52,560▲ $3,073
Land, Buildings, and Equipment, Net$283$189▼ $94
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$95,738$183,209▲ $87,471
Other Assets Total-$0-
Liabilities
Grants Payable-$80,000-
Other Liabilities$34,079--
Accounts Payable and Accrued Expenses$6,055$14,263▲ $8,208
Total Liabilities$40,134$94,263▲ $54,129
Net Assets / Fund Balance
Unrestricted Net Assets$30,604$53,946▲ $23,342
Temporarily Rstr Net Assets$25,000$35,000▲ $10,000
Total Net Assets Fund Balance$55,604$88,946▲ $33,342
Total Liabilities and Net Assets / Fund Balance$95,738$183,209▲ $87,471

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$189$6,200$6,389
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Taly DunevichDirectorFT$103,136$103,136

Board Members and Trustees

NameTitle
Eric BenhamouChairman
Revenue and Support

Revenue Composition

Contributions and Grants
$923,312
Program Service Revenue
$0
Investment Income
$75
Other Revenue
$0
All Other Contributions
$38,680
Change in Net Assets
$23,342

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 Amount
Real Estate Other1$38,680
Total Noncash Contributions1$38,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$700,500
Salaries, Compensation, and Employee Benefits$111,055
Other Expenses$88,490
Total Fundraising Expense$37,609
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$700,500--$700,500
Current Officers, Directors, Trustees, and Key Employees$72,195$10,314$20,627$103,136
Travel$12,030$6,079$2,993$21,102
Payroll Taxes$5,543$792$1,584$7,919
Insurance$4,982$712$1,423$7,117
Fees for Services Accounting-$4,262-$4,262
Conferences and Meetings$1,667$1,163$476$3,306
All Other Expenses$1,053$965$1,080$3,098
Other Expenses$1,056$161$291$1,508
Office Expenses$320$47$92$459
Depreciation Depletion$66$9$19$94
Fees for Services Legal-$75-$75
Total Functional Expenses$833,345$29,091$37,609$900,045
International Activity

International Compliance

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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“IVN adopted a written conflict of interest policy in November 2008. At that time, all Board members were asked to read the policy and sign a statement that "I have received a copy of the conflict of interest policy, I have read and understood the policy, and I agree to comply with the policy. I understand that IVN is a charitable organization and in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes." When new people join the Board, they are given the policy and are asked to sign the same statement. We are developing a regular policy for monitoring this policy.With regard to IVN's bylaws, conflict of interest policy, and financial statements, all are available to the public at the request of any individual or institution.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Israel Venture Network
EIN
14-1891915
Phone
6503254200
Address
540 COWPER STREET, PALO ALTO, CA 94301

Signing Officer

Name
Taly Dunevich
Title
Director
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
12

Preparer

Firm
Eshel Aminov & Partners LLP
Address
350 Vanderbuilt Motor Pwky, Hauppauge, NY 11788-5124
Preparer
Arik Eshel CPA
Phone
6312739532
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Temporarily restricted net assets = $10000”

Raw XML AppendixShowing 400 of 425 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/PYRevenuesLessExpensesAmt089362
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IRS990/PYTotalExpensesAmt0842724
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0775215
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IRS990ScheduleA/InvestmentIncomeCYPct00.00010
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IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0693825
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0923387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0932086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0775242
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0693851
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0506370
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03830936
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0189
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06389
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0189
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0700500
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Program Service
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0ISRAEL VENTURE
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt038680
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IVN adopted a written conflict of interest policy in November 2008. At that time, all Board members were asked to read the policy and sign a statement that "I have received a copy of the conflict of interest policy, I have read and understood the policy, and I agree to comply with the policy. I understand that IVN is a charitable organization and in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes." When new people join the Board, they are given the policy and are asked to sign the same statement. We are developing a regular policy for monitoring this policy.With regard to IVN's bylaws, conflict of interest policy, and financial statements, all are available to the public at the request of any individual or institution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TEMPORARILY RESTRICTED NET ASSETS = $10000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
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IRS990/TotalContributionsAmt0923312
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029091
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0833345
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IRS990/WebsiteAddressTxt0www. israelventurenetwork.org
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$183,209
Liabilities
$94,263
Net assets
$88,946
Revenue
$923,387
Expenses
$900,045
Net income
$23,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.04$0.14$1.26$1.25$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$1.09$0.13$5.27$5.38$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.15$0.24$9.20$9.32$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.39$0.36$1.05$1.16$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.33$0.47$3.00$3.12$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.98$0.59$3.41$3.52$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.61$0.70$2.79$2.92$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.86$0.83$4.09$3.95$0.15
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.85$1.14$6.05$6.22$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.32$0.97$1.35$6.64$6.33$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.94$0.89$9.23$9.00$0.23
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.40$0.56$9.32$8.43$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$1.39$0.09$8.26
2011Summary only. Only limited summary data is available for this year.$2.32$1.72$0.60$6.94$6.37$0.57
2010Summary only. Only limited summary data is available for this year.$1.83$1.82$0.01$5.07$5.50$0.43