Civic Intelligence

American Friends of IDC

EIN 31-1577589 • 501(c)3 • New York, NY

Profile

To encourage students to pursue their personal dreams be they in business, law, computer science, government, strategy, diplomacy, or communications, without forgetting their responsibility to community, whether local or global.

156 West 56th St 3rd FloorNew York, NY 10019

www.afidc.org

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

2nd percentile

-133%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$257,440

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

3rd percentile

-46%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$15,573,137

Down $10,448,013 (-40%) from 2022

Liabilities

Down

$116,958

Down $50,945 (-30%) from 2022

Net Assets

Down

$15,456,179

Down $10,397,068 (-40%) from 2022

Revenue

Down

$9,803,056

Down $16,798,846 (-63%) from 2022

Expenses

Up

$22,808,817

Up $7,700,011 (+51%) from 2022

Net Income

Down

-$13,005,761

Down $24,498,857 (-213%) from 2022

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2013: $14,952,224Liabilities 2013: $39,780Net Assets 2013: $14,912,4442013Assets 2015: $17,035,134Liabilities 2015: $21,184Net Assets 2015: $17,013,9502015Assets 2016: $28,766,526Liabilities 2016: $18,496Net Assets 2016: $28,748,0302016Assets 2017: $26,148,775Liabilities 2017: $24,491Net Assets 2017: $26,124,2842017Assets 2018: $19,020,009Liabilities 2018: $36,532Net Assets 2018: $18,983,4772018Assets 2019: $15,347,156Liabilities 2019: $32,575Net Assets 2019: $15,314,5812019Assets 2020: $11,691,908Liabilities 2020: $159,752Net Assets 2020: $11,532,1562020Assets 2021: $14,623,044Liabilities 2021: $30,535Net Assets 2021: $14,592,5092021Assets 2022: $26,021,150Liabilities 2022: $167,903Net Assets 2022: $25,853,2472022Assets 2024: $15,573,137Liabilities 2024: $116,958Net Assets 2024: $15,456,1792024

Highlighted filing

2024

Assets$15,573,137
Liabilities$116,958
Net Assets$15,456,179

Operations Trend

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

$40M$20M$0-$20MRevenue 2013: $8,344,648Expenses 2013: $7,958,764Net Income 2013: $385,8842013Revenue 2015: $13,804,591Expenses 2015: $12,449,177Net Income 2015: $1,355,4142015Revenue 2016: $29,701,555Expenses 2016: $17,967,475Net Income 2016: $11,734,0802016Revenue 2017: $17,154,455Expenses 2017: $19,778,201Net Income 2017: -$2,623,7462017Revenue 2018: $10,771,154Expenses 2018: $17,911,961Net Income 2018: -$7,140,8072018Revenue 2019: $9,769,980Expenses 2019: $13,438,831Net Income 2019: -$3,668,8512019Revenue 2020: $9,104,022Expenses 2020: $12,912,969Net Income 2020: -$3,808,9472020Revenue 2021: $14,040,962Expenses 2021: $11,084,015Net Income 2021: $2,956,9472021Revenue 2022: $26,601,902Expenses 2022: $15,108,806Net Income 2022: $11,493,0962022Revenue 2024: $9,803,056Expenses 2024: $22,808,817Net Income 2024: -$13,005,7612024

Highlighted filing

2024

Revenue$9,803,056
Expenses$22,808,817
Net Income-$13,005,761

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$11,988,792
Mission and Program Overview

Mission

To encourage students to pursue their personal dreams be they in business, law, computer science, government, strategy, diplomacy, or communications, without forgetting their responsibility to community, whether local or global.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$26,379,192$12,925,269▼ $13,453,923
Investments in Publicly Traded Securities$1,808,218$2,381,673▲ $573,455
Cash and Non-Interest-Bearing Accounts$370,621$175,973▼ $194,648
Prepaid Expenses and Deferred Charges$1,889$680▼ $1,209
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$28,576,900$15,573,137▼ $13,003,763
Other Assets Total$16,980$89,542▲ $72,562
Liabilities
Other Liabilities$0$83,037▲ $83,037
Mortgage Notes Payable Secured by Investment Property$72,245$0▼ $72,245
Accounts Payable and Accrued Expenses$24,583$33,921▲ $9,338
Total Liabilities$96,828$116,958▲ $20,130
Net Assets / Fund Balance
Net Assets With Donor Restrictions$28,207,310$15,080,261▼ $13,127,049
Net Assets Without Donor Restrictions$272,762$375,918▲ $103,156
Total Net Assets Fund Balance$28,480,072$15,456,179▼ $13,023,893
Total Liabilities and Net Assets / Fund Balance$28,576,900$15,573,137▼ $13,003,763

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$2,450$2,450

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,097,712-▲ $433,961-$2,481,673
2023$1,732,756-▲ $364,956-$2,097,712
2022$2,034,981-▼ $302,225-$1,732,756
2021$626,042$1,300,108▲ $108,831-$2,034,981
2020-$599,235▲ $26,807-$626,042
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie SkybaExecutive DirectorFT$216,667$40,773$257,440
Amy GrossDirector of AdvancementFT$121,212$46,556$167,768

Board Members and Trustees

NameTitle
Gil TenzerChairman
Alberto VitaleBoard Member
Allen RoseshineBoard Member
Andrew LewinBoard Member
Andrew TaitzBoard Member
Daniel JusidmanBoard Member
David FineBoard Member
Deborah SladeBoard Member
Eli ElefantBoard Member
Gadi SladeBoard Member
Gideon ArgovBoard Member
Guy WeltschBoard Member
Joey LowBoard Member
Mark GersonBoard Member
Menachem SternbergBoard Member
Miriam AdelsonBoard Member
Nathan HevronyBoard Member
Robert BlumBoard Member
Ronald LauderBoard Member
Roy RaskinBoard Member
Stephanie SebagBoard Member
Stewart ResnickBoard Member
Yoram WindBoard Member
Lauren CramerSecretary
Joanne LandauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,474,931
Program Service Revenue
$0
Investment Income
$328,125
Other Revenue
$0
All Other Contributions
$9,474,931
Change in Net Assets
$-13,005,761

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 Traded8$436,409Fair Market Value (FMV) on Donation Date
Total Noncash Contributions8$436,409-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,803,056
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-18,132
Total Revenue per Audited Statements
$9,784,924
Total Revenue per Form 990
$9,803,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,739,313
Salaries, Compensation, and Employee Benefits$696,498
Other Expenses$373,006
Total Fundraising Expense$206,778
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$21,739,313--$21,739,313
Other Salaries and Wages$177,500$121,212-$298,712
Current Officers, Directors, Trustees, and Key Employees$85,814$85,813$85,813$257,440
Travel$34,317-$88,328$122,645
Other Employee Benefits$47,410$43,932-$91,342
Occupancy$28,958$23,203$7,794$59,955
Office Expenses$20,859$17,563$13,522$51,944
Payroll Taxes$20,046$16,011$5,073$41,130
Conferences and Meetings$36,591--$36,591
Advertising$35,723--$35,723
Fees for Services Other$13,429$10,117$3,064$26,610
Fees for Services Accounting$11,860$8,934$2,706$23,500
Fees for Service Investment Mgmnt Fees$12,362--$12,362
Pension Plan Contributions$5,250$2,624-$7,874
Insurance$1,776$1,422$478$3,676
Total Functional Expenses$22,271,208$330,831$206,778$22,808,817

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$22,808,817
Total Expenses per Audited Statements$22,808,817
Total Expenses per Form 990$22,808,817
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$21,739,313

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 East and North Africa -Grantmaking---$21,739,313
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
Operating Lease Liability$83,037
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
Yes
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

Directors gadi slade and deborah slade have a family relationship.

Form 990, Part VI, Section A, Line 4

Effective october 30, 2024, the organization legally changed its name from american friends of i.d.c. To american friends of reichman university, inc. The change was made to better reflect aforu's mission and activities. The name change was approved by the board of directors and filed with new york state department of state. This change did not affect aforu's structure, mission, operations, or tax-exempt status under section 501(c)(3) of the internal revenue code.

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

Form 990 is reviewed by the board treasurer and executive director. Prior to filing form 990, the final draft is distributed to the entire board of directors.

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

Any conflicts of interest that arise are discussed at board meetings.

Form 990, Part VI, Section B, Line 15

The organization reviews the compensation at comparable organizations and uses that information as a guideline in determining appropriate compensation.

Form 990, Part VI, Section C, Line 18

Form 990 is available at www.guidestar.org. The organization's application for exempt status is available upon request.

Form 990, Part VI, Section C, Line 19

The financial statements are available upon request and the form 990 is available at www.guidestar.org. The governing documents and conflict of interest policy are not available to the public.

Filing and Contact Details

Filer

Filer Name
American Friends of Reichman
EIN
31-1577589
Phone
2122135961
Address
156 WEST 56TH ST 3RD FLOOR, NEW YORK, NY 10019

Signing Officer

Name
Leslie Skyba
Title
Executive Director
Phone
2122135961
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gil Tenzer
Formed
1994
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
4
Volunteers
25

Preparer

Firm
Bernstein Rosen & Company Cpas Pc
Address
630 THIRD AVENUE SUITE 1502, NEW YORK, NY 10017
Preparer
Bernstein Rosen Company Cpas Pc
Phone
2126129700
Supplemental Narrative

Additional Explanations

PART XII, LINE 2C:

No change from prior year

Financial Statement Notes

PART V, LINE 4:

In 2020, aforu established an endowment fund for reichman university to create a self-sustaining source of funding to support the university in perpetuity. Each year a portion of the endowment may be paid out to support current needs, while the remainder will be retained to grow and support future generations.

PART X, LINE 2:

Aforu is exempt from federal and state income taxes pursuant to section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income tax has been recorded in the accompanying financial statements. However, any unrelated business income may be subject to taxation. Currently, aforu has no obligation for any unrelated business income tax. Management believes that they will continue to be exempted from tax. Aforu's policy is to record interest expense and penalties in operating expenses. For the years ended december 31, 2024 and 2023, there was no interest and penalties expense recorded and no accrued interest and penalties. Aforu's federal and state exempt status tax returns are open for examination for the years 2021, 2022 and 2023. Aforu follows the provisions of asc 740, accounting for uncertainty in income taxes, which addresses the accounting for, and disclosure of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return.

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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/Desc0ACADEMIC PROGRAMS - 1) PROVIDE SUPPORT TO 11 SCHOOLS WITHIN REICHMAN UNIVERSITY, INCLUDING THE SCHOOL OF BUSINESS, COMMUNICATIONS, COMPUTER SCIENCE, GOVERNMENT, PSYCHOLOGY, LAW, ECONOMICS, ENTREPRENUERSHIP, SUSTAINABILITY, MEDICINE AND THE RAPHAEL RECANATI INTERNATIONAL SCHOOL. 2) PROVIDE SUPPORT FOR A LEADING EDGE RESEARCH PUBLICATION, 2 INTERNATIONAL CONFERENCES, 2 FELLOWSHIP PROGRAMS AND 6 RESEARCH INSTITUTES AND 3)SUPPORT SOCIAL AND CULTURAL ACTIVITIES ON CAMPUS.
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