Civic Intelligence

Bmg Student Aid Fund Inc.

990 • Fiscal year 2023 • EIN 22-3612588

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

Organization Profile
617 6th StreetLakewood, NJ 08701

(845) 405-2930

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2023 filings • NTEE B • $1M-$5M nonprofits • Source year 2023

Asset Growth

4th percentile

-43%

Faster asset growth than 4% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$441,609

Down $330,082 (-43%) from 2022

Net Assets

Down

$441,609

Down $330,082 (-43%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin10th percentile

Revenue

Up

$1,112,662

Up $172,271 (+18%) from 2022

Expenses

Up

$1,535,109

Up $634,127 (+70%) from 2022

Net Income

Down

-$422,447

Down $461,856 (-1172%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$1.0M$500K$0Assets 2010: $311,849Liabilities 2010: $0Net Assets 2010: $311,8492010Assets 2011: $620,010Liabilities 2011: $0Net Assets 2011: $620,0102011Assets 2012: $643,555Liabilities 2012: $0Net Assets 2012: $643,5552012Assets 2013: $638,980Liabilities 2013: $0Net Assets 2013: $638,9802013Assets 2014: $526,137Liabilities 2014: $0Net Assets 2014: $526,1372014Assets 2015: $609,909Liabilities 2015: $0Net Assets 2015: $609,9092015Assets 2016: $549,589Liabilities 2016: $0Net Assets 2016: $549,5892016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $458,961Liabilities 2018: $0Net Assets 2018: $458,9612018Assets 2019: $522,702Liabilities 2019: $0Net Assets 2019: $522,7022019Assets 2020: $668,368Liabilities 2020: $0Net Assets 2020: $668,3682020Assets 2021: $927,541Liabilities 2021: $0Net Assets 2021: $927,5412021Assets 2022: $771,691Liabilities 2022: $0Net Assets 2022: $771,6912022Assets 2023: $441,609Liabilities 2023: $0Net Assets 2023: $441,6092023Assets 2024: $605,296Liabilities 2024: $0Net Assets 2024: $605,2962024

Highlighted filing

2023

Assets$441,609
Liabilities$0
Net Assets$441,609
Open 2023 Filing

Operations Trend

Revenue Growth65th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $754,180Expenses 2010: $734,246Net Income 2010: $19,9342010Revenue 2011: $1,103,456Expenses 2011: $795,295Net Income 2011: $308,1612011Revenue 2012: $784,685Expenses 2012: $761,140Net Income 2012: $23,5452012Revenue 2013: $784,659Expenses 2013: $789,234Net Income 2013: -$4,5752013Revenue 2014: $824,903Expenses 2014: $937,746Net Income 2014: -$112,8432014Revenue 2015: $910,256Expenses 2015: $826,484Net Income 2015: $83,7722015Revenue 2016: $818,341Expenses 2016: $878,661Net Income 2016: -$60,3202016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $656,734Expenses 2018: $776,609Net Income 2018: -$119,8752018Revenue 2019: $708,309Expenses 2019: $644,568Net Income 2019: $63,7412019Revenue 2020: $828,351Expenses 2020: $752,008Net Income 2020: $76,3432020Revenue 2021: $828,978Expenses 2021: $720,944Net Income 2021: $108,0342021Revenue 2022: $940,391Expenses 2022: $900,982Net Income 2022: $39,4092022Revenue 2023: $1,112,662Expenses 2023: $1,535,109Net Income 2023: -$422,4472023Revenue 2024: $1,404,479Expenses 2024: $1,331,624Net Income 2024: $72,8552024

Highlighted filing

2023

Revenue$1,112,662
Expenses$1,535,109
Net Income-$422,447
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.0
Gross Receipts
$1,112,662
Mission and Program Overview

Mission

To aid students and alumni of bmg

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$480,501$271,426▼ $209,075
Cash and Non-Interest-Bearing Accounts$223,027$150,182▼ $72,845
Savings and Temporary Cash Investments$68,163$20,001▼ $48,162
Total Assets$771,691$441,609▼ $330,082
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$771,691$441,609▼ $330,082
Total Net Assets Fund Balance$771,691$441,609▼ $330,082
Total Liabilities and Net Assets / Fund Balance$771,691$441,609▼ $330,082
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Aryeh L KleinTrustee
Eli KupermanTrustee
Yitzchok KotlerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$843,883
Program Service Revenue
$0
Investment Income
$13,571
Other Revenue
$255,208
All Other Contributions
$843,883
Change in Net Assets
$-422,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,290,071
Other Expenses$245,038
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,287,130--$1,287,130
Office Expenses-$17,582-$17,582
Grants to Domestic Orgs$2,941--$2,941
Other Expenses$227,426$30-$30
Total Functional Expenses$1,517,497$17,612$0$1,535,109
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“The tax return preparer sends the board of directors a draft copy of the completed tax return for review & commen after the board of directors approve the tax return the retu is sent to a trustee to sign the efile authorization form 990 part iv line 12c employees are required to disclose potential conflicts of interest. Failure to disclose a potential conflict of interest may resule in disciplinary action up to and including termination part 990 part vi line 15 the organization does not compensate any officers or directors. Form 990 part vi line 19 organizations office is open during regular business hours. Governing documents, conflict of int policies, tax returns & financial statements available for inspection at the organization's office upon request.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Bmg Student Aid Fund
EIN
22-3612588
Address
617 6TH STREET, LAKEWOOD, NJ 08701

Signing Officer

Name
Aryeh L Klein
Title
Trustee
Phone
8454052930
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aryeh L Klein
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Gershon Biegeleisen & Co Cpas LLC
Address
111 MADISON AVE, LAKEWOOD, NJ 08701
Preparer
Gershon Biegeleisen
Phone
7328866311
Supplemental Narrative

Additional Explanations

Form 990, Part III

“Trustees meet with potential grant recipients and verify the financial need of the potential recipient and the necessity for the requested assistance”

Raw XML Appendix285 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES MEET WITH POTENTIAL GRANT RECIPIENTS AND VERIFY THE FINANCIAL NEED OF THE POTENTIAL RECIPIENT AND THE NECESSITY FOR THE REQUESTED ASSISTANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN PREPARER SENDS THE BOARD OF DIRECTORS A DRAFT COPY OF THE COMPLETED TAX RETURN FOR REVIEW & COMMEN AFTER THE BOARD OF DIRECTORS APPROVE THE TAX RETURN THE RETU IS SENT TO A TRUSTEE TO SIGN THE EFILE AUTHORIZATION FORM 990 PART IV LINE 12C EMPLOYEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. FAILURE TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST MAY RESULE IN DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION PART 990 PART VI LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS. FORM 990 PART VI LINE 19 ORGANIZATIONS OFFICE IS OPEN DURING REGULAR BUSINESS HOURS. GOVERNING DOCUMENTS, CONFLICT OF INT POLICIES, TAX RETURNS & FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S OFFICE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464245481
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GERSHON BIEGELEISEN & CO CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 MADISON AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008701
ReturnHeader/PreparerPersonGrp/PhoneNum07328866311
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERSHON BIEGELEISEN
ReturnHeader/ReturnTs02024-11-15T12:20:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$441,609
Liabilities
$0
Net assets
$441,609
Revenue
$1,112,662
Expenses
$1,535,109
Net income
-$422,447
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$1.40$1.33$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$1.11$1.54$0.42
2022Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.94$0.90$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.83$0.72$0.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$0.83$0.75$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.71$0.64$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$0.66$0.78$0.12
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.82$0.88$0.06
2015Summary only. Only limited summary data is available for this year.$0.61$0.00$0.61$0.91$0.83$0.08
2014Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.82$0.94$0.11
2013Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.78$0.79$0.00
2012Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.78$0.76$0.02
2011Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$1.10$0.80$0.31
2010Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.75$0.73$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $1M-$5M nonprofits