Civic Intelligence

Merit Spread Foundation Inc.

990 • Fiscal year 2023 • EIN 37-2057617

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 24, 2024

Organization ProfileN/A
One Battary Park PlazaNew York, NY 10004

(212) 574-1688

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

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

2023 filings • NTEE T • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.00x

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

2023 filings • NTEE T • $5M-$10M nonprofits • Source year 2023

Net Margin

66th percentile

26%

Higher net margin than 66% of similar nonprofits.

2023 filings • NTEE T • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2023 filings • NTEE T • $5M-$10M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets70th percentile

Assets

$2,240,833

No earlier filing loaded for comparison.

Net Assets

$2,240,833

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin66th percentile

Revenue

$8,639,136

No earlier filing loaded for comparison.

Expenses

$6,399,602

No earlier filing loaded for comparison.

Net Income

$2,239,534

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $2,240,833Liabilities 2023: $0Net Assets 2023: $2,240,8332023Assets 2024: $3,015,679Liabilities 2024: $0Net Assets 2024: $3,015,6792024

Highlighted filing

2023

Assets$2,240,833
Liabilities$0
Net Assets$2,240,833
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Revenue 2023: $8,639,136Expenses 2023: $6,399,602Net Income 2023: $2,239,5342023Revenue 2024: $12,995,882Expenses 2024: $12,221,137Net Income 2024: $774,7452024

Highlighted filing

2023

Revenue$8,639,136
Expenses$6,399,602
Net Income$2,239,534
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 24, 2024
Return Version
2023v5.1
Gross Receipts
$8,639,136
Mission and Program Overview

Mission

SEE ATTACHMENT # 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$2,010,372▲ $2,010,372
Prepaid Expenses and Deferred Charges$0$230,461▲ $230,461
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$2,240,833▲ $2,240,833
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$2,240,833▲ $2,240,833
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$0$2,240,833▲ $2,240,833
Total Liabilities and Net Assets / Fund Balance$0$2,240,833▲ $2,240,833
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Alon TalDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,639,136
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,639,136
Change in Net Assets
$2,239,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,111,172
Other Expenses$2,288,430
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,111,172--$4,111,172
Advertising$2,235,743$0$0$2,235,743
Fees for Services Legal$23,810$0$0$23,810
Other Expenses$18,814$0$0$18,814
Conferences and Meetings$6,978$0$0$6,978
Total Functional Expenses$6,399,602$0$0$6,399,602
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Merit Spread Foundation Inc
EIN
37-2057617
Address
ONE BATTARY PARK PLAZA, NEW YORK, NY 10004

Signing Officer

Name
Ariel C Tal
Title
V.p.
Signed
2024-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ariel C Tal
Formed
2023
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Jacky Gamliel
Address
1177 Avenue of The Americas, New York, NY 10036
Preparer
Jacky Gamliel
Phone
2135000104
Supplemental Narrative

Additional Explanations

Other

“Organization mission the merit spread foundation was founded in order to excute a wide range of public benefit activities, in areas such as health, education and welfare. The foundation aims to bring together philantropist and social activities, seeking a professional and fair frame of activities. The operation is based on zero overhead policy in order to have maximum efficiency in usage of the donations.”

Other

“3 largest service programs. * Welfare: a program supporting the families of the hostages and the hostages of the October 7th massacre. The activities included medical and mental support. * Medicine: a program dedicated to discovering effective solutions for rare genetic syndromes and orphan diseases. The foundation integrates scientific and biological research with advanced technologies and artificial intelligence, striving to find practical solutions and advance the field of gene therapy. * Education: * A mentoring program in which seasoned female doctors provide mentoring to young doctors on the beginning of their career. The aim is to enable equal opportunities for female doctors in management positions in hospitals, in the academy and generally in the health system. * Heroes: an educational program dealing with the meaning of Jewish heroes in history and in present times.”

Pt VI, Line 11B

“The company through its tax professional team went over the 990 form and discussed and review every item before answering. All the management together with the legal professional team were involved in the submission of the return.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION MISSION THE MERIT SPREAD FOUNDATION WAS FOUNDED IN ORDER TO EXCUTE A WIDE RANGE OF PUBLIC BENEFIT ACTIVITIES, IN AREAS SUCH AS HEALTH, EDUCATION AND WELFARE. THE FOUNDATION AIMS TO BRING TOGETHER PHILANTROPIST AND SOCIAL ACTIVITIES, SEEKING A PROFESSIONAL AND FAIR FRAME OF ACTIVITIES. THE OPERATION IS BASED ON ZERO OVERHEAD POLICY IN ORDER TO HAVE MAXIMUM EFFICIENCY IN USAGE OF THE DONATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13 largest service programs. * Welfare: a program supporting the families of the hostages and the hostages of the October 7th massacre. The activities included medical and mental support. * Medicine: a program dedicated to discovering effective solutions for rare genetic syndromes and orphan diseases. The foundation integrates scientific and biological research with advanced technologies and artificial intelligence, striving to find practical solutions and advance the field of gene therapy. * Education: * A mentoring program in which seasoned female doctors provide mentoring to young doctors on the beginning of their career. The aim is to enable equal opportunities for female doctors in management positions in hospitals, in the academy and generally in the health system. * Heroes: an educational program dealing with the meaning of Jewish heroes in history and in present times.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The company through its tax professional team went over the 990 form and discussed and review every item before answering. All the management together with the legal professional team were involved in the submission of the return.
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02240833
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06399602
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08639136
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02240833
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/USAddress/AddressLine1Txt0185 WEST END AVE
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010023
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/ForeignPhoneNum02125741688
ReturnHeader/BusinessOfficerGrp/PersonNm0ARIEL C TAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V.P.
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERIT SPREAD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MERI
ReturnHeader/Filer/EIN0372057617
ReturnHeader/Filer/ForeignPhoneNum02125741688
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE BATTARY PARK PLAZA
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0554413996
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jacky Gamliel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01177 Avenue of The Americas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02135000104
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACKY GAMLIEL
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-30T08:06:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,240,833
Liabilities
$0
Net assets
$2,240,833
Revenue
$8,639,136
Expenses
$6,399,602
Net income
$2,239,534
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$13.0$12.2$0.77
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$8.64$6.40$2.24