Civic Intelligence

Haron Dahon Fund for Bar Ilan University in Israel Inc.

990 • Fiscal year 2022 • EIN 26-3541989

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 24, 2024

160 East 56th StreetNew York, NY 10022

(212) 906-3921

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Net Margin

20th percentile

-4.2%

Higher net margin than 20% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

307%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$41,067,027

Down $6,063,950 (-13%) from 2021

Net Assets

Down

$41,017,608

Down $6,063,200 (-13%) from 2021

Liabilities

Down

$49,419

Down $750 (-1.5%) from 2021

Revenue

Up

$3,292,840

Up $2,483,859 (+307%) from 2021

Expenses

Up

$3,431,736

Up $3,312,299 (+2773%) from 2021

Net Income

Down

-$138,896

Down $828,440 (-120%) from 2021

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $220,011Liabilities 2012: $0Net Assets 2012: $220,0112012Assets 2013: $2,899,609Liabilities 2013: $0Net Assets 2013: $2,899,6092013Assets 2014: $6,069,880Liabilities 2014: $0Net Assets 2014: $6,069,8802014Assets 2015: $14,148,786Liabilities 2015: $0Net Assets 2015: $14,148,7862015Assets 2016: $16,866,122Liabilities 2016: $14,100Net Assets 2016: $16,852,0222016Assets 2017: $24,225,854Liabilities 2017: $21,210Net Assets 2017: $24,204,6442017Assets 2018: $33,498,421Liabilities 2018: $28,374Net Assets 2018: $33,470,0472018Assets 2019: $40,371,141Liabilities 2019: $35,749Net Assets 2019: $40,335,3922019Assets 2020: $45,254,539Liabilities 2020: $42,374Net Assets 2020: $45,212,1652020Assets 2021: $47,130,977Liabilities 2021: $50,169Net Assets 2021: $47,080,8082021Assets 2022: $41,067,027Liabilities 2022: $49,419Net Assets 2022: $41,017,6082022Assets 2023: $43,255,240Liabilities 2023: $78,749Net Assets 2023: $43,176,4912023Assets 2024: $48,101,321Liabilities 2024: $0Net Assets 2024: $48,101,3212024

Highlighted filing

2022

Assets$41,067,027
Liabilities$49,419
Net Assets$41,017,608

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $02012Expenses 2013: $02013Revenue 2014: $3,143,697Expenses 2014: $12,484Net Income 2014: $3,131,2132014Revenue 2015: $7,829,568Expenses 2015: $26,412Net Income 2015: $7,803,1562015Revenue 2016: $2,872,202Expenses 2016: $48,330Net Income 2016: $2,823,8722016Revenue 2017: $5,343,595Expenses 2017: $53,092Net Income 2017: $5,290,5032017Revenue 2018: $8,578,735Expenses 2018: $65,411Net Income 2018: $8,513,3242018Revenue 2019: $10,132,345Expenses 2019: $115,111Net Income 2019: $10,017,2342019Revenue 2020: $4,705,740Expenses 2020: $131,634Net Income 2020: $4,574,1062020Revenue 2021: $808,981Expenses 2021: $119,437Net Income 2021: $689,5442021Revenue 2022: $3,292,840Expenses 2022: $3,431,736Net Income 2022: -$138,8962022Revenue 2023: $2,331,158Expenses 2023: $127,699Net Income 2023: $2,203,4592023Revenue 2024: $1,508,976Expenses 2024: $3,533,529Net Income 2024: -$2,024,5532024

Highlighted filing

2022

Revenue$3,292,840
Expenses$3,431,736
Net Income-$138,896
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 24, 2024
Return Version
2021v4.2
Gross Receipts
$43,678,954
Mission and Program Overview

Mission

The fund's primary exempt mission is to solicit grants and contributions to support the educational mission of the bar-ilan university in israel, inc.

To support the expenses of bar-ilan university's azrieli faculty of medicine in the galilee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$47,130,977$41,067,027▼ $6,063,950
Total Assets$47,130,977$41,067,027▼ $6,063,950
Liabilities
Other Liabilities$50,169$49,419▼ $750
Total Liabilities$50,169$49,419▼ $750
Net Assets / Fund Balance
Net Assets With Donor Restrictions$47,080,808$41,017,608▼ $6,063,200
Total Net Assets Fund Balance$47,080,808$41,017,608▼ $6,063,200
Total Liabilities and Net Assets / Fund Balance$47,130,977$41,067,027▼ $6,063,950

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,347,915--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$47,080,808-▼ $2,735,567-$41,017,608
2020$45,212,165-▲ $1,876,438-$47,080,808
2019$40,335,392$4,046,693▲ $836,705-$45,212,165
2018$33,470,047$5,360,611▲ $1,512,109-$40,335,392
2017$24,204,644$6,900,537▲ $2,372,030-$33,470,047
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven RosenbergPresident (as of 11/2021)
Moshe KavehPresident (thru 11/2021)
Michael JesselsonVice President
Jane Stern LebellTrustee
Rabbi Mitchell WohlbergTrustee
Shale Stiller EsqTrustee Emeritus
Matthew J MarylesSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,292,090
Other Revenue
$750
Change in Net Assets
$-138,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,327,633
Other Expenses$104,103
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,327,633--$3,327,633
Fees for Service Investment Mgmnt Fees-$104,103-$104,103
Total Functional Expenses$3,327,633$104,103$0$3,431,736
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Friends of Bar-ilan UniversityNew York, NY501(c)(3)General Support$3,327,633

International Summary

Offices
0
Employees
0
Spending
$1,347,915

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$1,347,915
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Afbiu$49,419
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The haron dahan fund for bar-ilan university does not have any members; however, its supported organization, bar-ilan university in israel, inc. Is authorized to appoint at least two members to the fund's board of directors. The fund's primary funder, the haron dahan foundation, inc. Is authorized to appoint at least one member to the fund's board of directors.

Form 990, Part VI, Section A, Line 8B

The fund has no committees other than its board of directors.

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

The form 990 was prepared by an internationally renowned accounting firm in conjunction with the financial department of the organization's related party, the american friends of bar-ilan university. The form 990 was distributed to the full board of directors for comment prior to its filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each officer and board member of haron dahan is expected to comply with the conflict of interest policy and disclose any conflicts of interest that arise by virtue of their employment, board service, or position. The fund monitors compliance with the policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are reviewed immediately.

Form 990, Part VI, Section C, Line 19

The fund makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.

Form 990, Part VII

The board of trustees is comprised of six individuals; five of these trustees sit on the board of trustees of related organizations as follows: michael jesselson sits on the boards for both bar-ilan university in israel, inc. And american friends of bar-ilan university. He spends two hours a week acting as a trustee of each organization. Jane stern lebell and rabbi mitchell wohlberg sit on the boards for both bar-ilan university in israel, inc. And american friends of bar-ilan university. Each spends one hour a week acting as a trustee of each organization. Matthew maryles sits on the american friends of bar-ilan university board. He spends one hour a week acting as a trustee of that organization. Shale stiller, esq. Sits on the bar-ilan university in israel, inc. Board. He spends one hour a week acting as a trustee of that organization.

Filing and Contact Details

Filer

Filer Name
The Haron Dahan Fund for Bar-ilan
EIN
26-3541989
Phone
2129063921
Address
160 EAST 56TH STREET, NEW YORK, NY 10022

Signing Officer

Name
Susan Solomon
Title
COO
Phone
2129063921
Signed
2024-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Rosenberg
Formed
2008
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

Form 990, Part III - Program Service, Line 4A

The organization was formed for the purposes of raising funds for bar-ilan university in israel, inc. (the "supported organization"), which may include funds for capital expenditures, an endowment fund, creation of tenured chairs in various departments, creation of scholarship funds and financial aid for students and other financial purposes, and managing and investing such funds (including investments in stocks, bonds and loans receivable) for the benefit of the supported organization. In carrying out such purposes, and supporting the supported organization, the organization will plan and carry out fundraising campaigns, retain investment advisors to manage and direct the organization's investments and support the supported organization financially by making grants to the supported organization, paying directly to the third parties for expenditures of the supported organization, and borrowing or loaning funds, incurring debt, guaranteeing loans or entering into similar transactions for the benefit of the supported organization.

Financial Statement Notes

PART V, LINE 4:

Intended uses of the organization's endowment fund the endowment fund of the haron dahan fund for bar-ilan university in israel, inc. Is to be used solely for the purposes of supporting the educational mission of the bar-ilan university in israel. Proceeds from the endowment fund may be used to pay capital expenses, scholarships, grants, or other operating expenses of the university's faculty of medicine. The fund may choose to support the university directly or indirectly via grants to its united states fundraising arm: the american friends of bar-ilan university.

PART X, LINE 2:

Fin 48 (acs 740) the haron dahan fund follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is more-likely-than-not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Haron dahan is exempt from federal income tax under irc section 501(c)(3) and is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. Haron dahan has processes presently in place to ensure the maintenance of their tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlDecidingGrntFrgnOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgClassDesignatedInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportForeignOrgNoDetermInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FUND HAS THE ULTIMATE CONTROL AND DISCRETION IN DECIDING WHETHER TO MAKE GRANTS TO THE SUPPORTED ORGANIZATIONS: AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY (EIN: 46-4198975) AND BAR-ILAN UNIVERSITY IN ISRAEL, INC. (EIN: 13-6192275), WHICH IS ORGANIZED IN ISRAEL. THE AUTHORITY TO MAKE DISTRIBUTIONS TO THE SUPPORTED ORGANIZATIONS RESTS WITH THE FUND'S BOARD OF DIRECTORS, PURSUANT TO ARTICLE VI OF IT'S BYLAWS. THE FUND WAS WITHIN AN ACCUMULATION PERIOD AS DEFINED BY ITS FUNDING AGREEMENT TO BUILD A CORPUS FROM WHICH DISTRIBUTIONS TO THE SUPPORTED ORGANIZATION WILL BE MADE. SINCE THE FUND'S ENDOWMENT BALANCE REACHED THE $45M THRESHOLD, THE FUND MADE A DISTRIBUTION TO THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY. THE DISTRIBUTION IS REFLECTED IN FORM 990, SCHEDULE I, PART I AS A GRANT TO A DOMESTIC 501(C)(3) PUBLIC CHARITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FUND ADDED AS A SUPPORTED ORGANIZATION, THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY ("AFBIU") (46-4198975). BOTH AFBIU AND THE FUND SHARE AN OVERLAPPING BOARD AND THEIR FINANCIAL ACTIVITIES ARE INCLUDED IN A CONSOLIDATED AUDITED FINANCIAL STATEMENT. THE FUND IS IN THE PROCESS OF AMENDING ITS BYLAWS TO OFFICIALLY MEMORIALIZE ITS RELATIONSHIP WITH AFBIU, IN ADDITION TO ITS EXISTING RELATIONSHIP WITH BAR-ILAN UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, LINE 4B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, LINE 5A
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0136192275
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1464198975
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt13327633
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BAR-ILAN UNIVERSITY IN ISRAEL INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03327633
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt047080808
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt041017608
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt03327633
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2735567
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt07795
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt045212165
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt047080808
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01876438
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt06625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt040335392
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04046693
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt045212165
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0836705
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07375
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt033470047
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05360611
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt040335392
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01512109
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07164
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt024204644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06900537
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt033470047
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02372030
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFBIU
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt039719112
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11347915
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIMITED PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUND THE ENDOWMENT FUND OF THE HARON DAHAN FUND FOR BAR-ILAN UNIVERSITY IN ISRAEL, INC. IS TO BE USED SOLELY FOR THE PURPOSES OF SUPPORTING THE EDUCATIONAL MISSION OF THE BAR-ILAN UNIVERSITY IN ISRAEL. PROCEEDS FROM THE ENDOWMENT FUND MAY BE USED TO PAY CAPITAL EXPENSES, SCHOLARSHIPS, GRANTS, OR OTHER OPERATING EXPENSES OF THE UNIVERSITY'S FACULTY OF MEDICINE. THE FUND MAY CHOOSE TO SUPPORT THE UNIVERSITY DIRECTLY OR INDIRECTLY VIA GRANTS TO ITS UNITED STATES FUNDRAISING ARM: THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FIN 48 (ACS 740) THE HARON DAHAN FUND FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. HARON DAHAN IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3) AND IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. HARON DAHAN HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt041067027
IRS990ScheduleD/TotalLiabilityAmt049419
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01347915
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01347915
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE FUND INVESTS IN DOMESTIC AND FOREIGN INVESTMENT VEHICLES THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, THE FUND'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621 OR 8865. TO THE EXTENT SUCH A FORM WAS COMPLETED, IT HAS BEEN FILED WITH THE FUND'S FORM 990-T.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART IV, FOREIGN FORMS
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01347915
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt03327633
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0464198975
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0160 EAST 56TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010022
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL FUNDS REMITTED TO THE FUND'S SUPPORTED ORGANIZATION ARE REQUIRED TO BE SPENT IN ACTIVITIES THAT SUPPORT THE TAX-EXEMPT MISSION OF BAR-ILAN UNIVERSITY (EITHER THROUGH DIRECT FUNDRAISING EFFORTS) OR VIA A CONDUIT GRANT FROM THE AMERICAN FRIENDS DIRECTLY BACK TO BAR-ILAN UNIVERSITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS FORMED FOR THE PURPOSES OF RAISING FUNDS FOR BAR-ILAN UNIVERSITY IN ISRAEL, INC. (THE "SUPPORTED ORGANIZATION"), WHICH MAY INCLUDE FUNDS FOR CAPITAL EXPENDITURES, AN ENDOWMENT FUND, CREATION OF TENURED CHAIRS IN VARIOUS DEPARTMENTS, CREATION OF SCHOLARSHIP FUNDS AND FINANCIAL AID FOR STUDENTS AND OTHER FINANCIAL PURPOSES, AND MANAGING AND INVESTING SUCH FUNDS (INCLUDING INVESTMENTS IN STOCKS, BONDS AND LOANS RECEIVABLE) FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION. IN CARRYING OUT SUCH PURPOSES, AND SUPPORTING THE SUPPORTED ORGANIZATION, THE ORGANIZATION WILL PLAN AND CARRY OUT FUNDRAISING CAMPAIGNS, RETAIN INVESTMENT ADVISORS TO MANAGE AND DIRECT THE ORGANIZATION'S INVESTMENTS AND SUPPORT THE SUPPORTED ORGANIZATION FINANCIALLY BY MAKING GRANTS TO THE SUPPORTED ORGANIZATION, PAYING DIRECTLY TO THE THIRD PARTIES FOR EXPENDITURES OF THE SUPPORTED ORGANIZATION, AND BORROWING OR LOANING FUNDS, INCURRING DEBT, GUARANTEEING LOANS OR ENTERING INTO SIMILAR TRANSACTIONS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HARON DAHAN FUND FOR BAR-ILAN UNIVERSITY DOES NOT HAVE ANY MEMBERS; HOWEVER, ITS SUPPORTED ORGANIZATION, BAR-ILAN UNIVERSITY IN ISRAEL, INC. IS AUTHORIZED TO APPOINT AT LEAST TWO MEMBERS TO THE FUND'S BOARD OF DIRECTORS. THE FUND'S PRIMARY FUNDER, THE HARON DAHAN FOUNDATION, INC. IS AUTHORIZED TO APPOINT AT LEAST ONE MEMBER TO THE FUND'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND HAS NO COMMITTEES OTHER THAN ITS BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS PREPARED BY AN INTERNATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE FINANCIAL DEPARTMENT OF THE ORGANIZATION'S RELATED PARTY, THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY. THE FORM 990 WAS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR COMMENT PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH OFFICER AND BOARD MEMBER OF HARON DAHAN IS EXPECTED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION. THE FUND MONITORS COMPLIANCE WITH THE POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE REVIEWED IMMEDIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FUND MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF TRUSTEES IS COMPRISED OF SIX INDIVIDUALS; FIVE OF THESE TRUSTEES SIT ON THE BOARD OF TRUSTEES OF RELATED ORGANIZATIONS AS FOLLOWS: MICHAEL JESSELSON SITS ON THE BOARDS FOR BOTH BAR-ILAN UNIVERSITY IN ISRAEL, INC. AND AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY. HE SPENDS TWO HOURS A WEEK ACTING AS A TRUSTEE OF EACH ORGANIZATION. JANE STERN LEBELL AND RABBI MITCHELL WOHLBERG SIT ON THE BOARDS FOR BOTH BAR-ILAN UNIVERSITY IN ISRAEL, INC. AND AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY. EACH SPENDS ONE HOUR A WEEK ACTING AS A TRUSTEE OF EACH ORGANIZATION. MATTHEW MARYLES SITS ON THE AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY BOARD. HE SPENDS ONE HOUR A WEEK ACTING AS A TRUSTEE OF THAT ORGANIZATION. SHALE STILLER, ESQ. SITS ON THE BAR-ILAN UNIVERSITY IN ISRAEL, INC. BOARD. HE SPENDS ONE HOUR A WEEK ACTING AS A TRUSTEE OF THAT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III - PROGRAM SERVICE, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BAR ILAN UNIVERSITY IN ISRAEL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0136192275
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464198975
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1FUNDRAISING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0160 EAST 56TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1160 EAST 56TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010022
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd110022
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00

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