Civic Intelligence

Israel Initiative 2020 Inc.

990 • Fiscal year 2015 • EIN 46-4013281

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 08, 2016

C/O Katzwatson 201 Massachusetts NEWashington, DC 20002

(202) 546-0474

Siviq Scores

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

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.03x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Net Margin

90th percentile

39%

Higher net margin than 90% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Asset Growth

62nd percentile

19%

Faster asset growth than 62% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$597,546

Up $95,207 (+19%) from 2014

Net Assets

Up

$589,796

Up $90,207 (+18%) from 2014

Liabilities

Up

$7,750

Up $5,000 (+182%) from 2014

Revenue

Down

$231,111

Down $271,409 (-54%) from 2014

Expenses

Up

$140,904

Up $137,973 (+4707%) from 2014

Net Income

Down

$90,207

Down $409,382 (-82%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2014: $502,339Liabilities 2014: $2,750Net Assets 2014: $499,5892014Assets 2015: $597,546Liabilities 2015: $7,750Net Assets 2015: $589,7962015Assets 2016: $516,489Liabilities 2016: $13,078Net Assets 2016: $503,4112016Assets 2017: $494,892Liabilities 2017: $4,467Net Assets 2017: $490,4252017Assets 2018: $315,338Liabilities 2018: $317,834Net Assets 2018: -$2,4962018Assets 2019: $2,307Liabilities 2019: $6,000Net Assets 2019: -$3,6932019Assets 2020: $300,729Liabilities 2020: $9,596Net Assets 2020: $291,1332020Assets 2021: $3,845Liabilities 2021: $13,874Net Assets 2021: -$10,0292021Assets 2022: $2,198Liabilities 2022: $20,112Net Assets 2022: -$17,9142022Assets 2023: $565Liabilities 2023: $23,2012023Assets 2024: $0Liabilities 2024: $26,429Net Assets 2024: -$26,4292024

Highlighted filing

2015

Assets$597,546
Liabilities$7,750
Net Assets$589,796

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $502,520Expenses 2014: $2,931Net Income 2014: $499,5892014Revenue 2015: $231,111Expenses 2015: $140,904Net Income 2015: $90,2072015Revenue 2016: $396,068Expenses 2016: $482,453Net Income 2016: -$86,3852016Revenue 2017: $487,901Expenses 2017: $500,887Net Income 2017: -$12,9862017Revenue 2018: $67,796Expenses 2018: $560,717Net Income 2018: -$492,9212018Revenue 2019: $328,204Expenses 2019: $329,401Net Income 2019: -$1,1972019Revenue 2020: $600,000Expenses 2020: $305,174Net Income 2020: $294,8262020Revenue 2021: $0Expenses 2021: $301,163Net Income 2021: -$301,1632021Revenue 2022: $0Expenses 2022: $7,885Net Income 2022: -$7,8852022Revenue 2023: $1Expenses 2023: $4,722Net Income 2023: -$4,7212023Revenue 2024: $0Expenses 2024: $3,793Net Income 2024: -$3,7932024

Highlighted filing

2015

Revenue$231,111
Expenses$140,904
Net Income$90,207
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$231,111
Mission and Program Overview

Mission

Israel initiative 2020, inc. Aims to strengthen and improve conditions in israel through education and activities designed to create economic opportunity for disadvantaged persons, and combat neighborhood deterioration. The organization conducts various charitable and educational activities. Its primary activity will be hosting conferences and seminars that educate the public about issues, trends, and events that relate to its goals. The israel initiative 2020 foundation's economic model is based on successful economic development processes in jerusalem and beer sheva. Our mission is to expand israel's economic miracle, bringing israel's "start up nation" revolution to all sectors and regions of israeli society by creating 7 centers of excellence and bringing the high tech revolution to the north and the south, while simultaneously developing an ecosystem that strengthens the region.

Israel initiative 2020, inc. Aims to strengthen and improve conditions in israel through education and activities designed to create economic opportunity for disadvantaged persons, and combat neighborhood deterioration. The organization conducts various charitable and educational activities, its primary activity will be hosting conferences and seminars that educate the public about issues, trends, and events that relate to its goals. The israel initiative 2020 foundation's economic model is based on successful economic development processes in jerusalem and beer sheva. Our mission is to expand israel's economic miracle, bringing israel's "start up nation" revolution to all sectors and regions of israeli society by creating 7 centers of excellence and bringing the high tech revolution to the north and to the south, while simultaneously developing an ecosystem that strengthens the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$215,319$451,915▲ $236,596
Pledges and Grants Receivable$287,020$145,631▼ $141,389
Total Assets$502,339$597,546▲ $95,207
Liabilities
Accounts Payable and Accrued Expenses$2,750$7,750▲ $5,000
Total Liabilities$2,750$7,750▲ $5,000
Net Assets / Fund Balance
Unrestricted Net Assets$499,589$589,796▲ $90,207
Total Net Assets Fund Balance$499,589$589,796▲ $90,207
Total Liabilities and Net Assets / Fund Balance$502,339$597,546▲ $95,207
Compensation and Service Providers

Board Members and Trustees

NameTitle
Giora InbarPresident
Anat Ben-baruchDirector
Giora SniferDirector
Yaron YuzanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$8,611
All Other Contributions
$222,500
Change in Net Assets
$90,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$231,111
Total Revenue per Audited Statements
$231,111
Total Revenue per Form 990
$231,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Professional Fundraising Fees$127,945
Total Fundraising Expense$127,945
Other Expenses$12,959
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$127,945$127,945
Fees for Services Other-$7,563-$7,563
Fees for Services Accounting-$5,000-$5,000
Fees for Services Legal-$396-$396
Total Functional Expenses$0$12,959$127,945$140,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$140,904
Total Expenses per Audited Statements$140,904
Total Expenses per Form 990$140,904
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$127,945
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
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

A copy of the form 990 and the financial statements are sent to each member of the board for review and comment before the tax return is filed.

Form 990, Page 6, Part VI, Line 12C

The organization currently has no salaried officers or directors. The officers and directors and any companies with which they are affiliated provide no services to the organization. The board members are aware that no services or goods can be provided by them or any company of which they are affiliated without first receiving board approval.

Form 990, Page 6, Part VI, Line 19

Upon request, the organization will supply its governing documents and financial statements to the public.

Filing and Contact Details

Filer

Filer Name
Israel Initiative 2020 Inc
EIN
46-4013281
Phone
2025460474
Address
C/O KATZWATSON 201 MASSACHUSETTS NE, WASHINGTON, DC 20002

Signing Officer

Name
Giora Inbar
Title
President
Phone
2025460474
Signed
2016-11-08

Organization Details

Principal Officer
Giora Inbar
Formed
2013
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Eliezer Alperstein CPA
Address
264 FORREST RD, MERION STATION, PA 19066
Preparer
Eliezer Alperstein
Phone
6106681808
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Israel initiative 2020, inc. Aims to strengthen and improve conditions in israel through education and activities designed to create economic opportunity for disadvantaged persons, and combat neighborhood deterioration. The organization conducts various charitable and educational activities. Its primary activity will be hosting conferences and seminars that educate the public about issues, trends, and events that relate to its goals. The israel initiative 2020 foundation's economic model is based on successful economic development processes in jerusalem and beer sheva. Our mission is to expand israel's economic miracle, bringing israel's "start up nation" revolution to all sectors and regions of israeli society by creating 7 centers of excellence and bringing the high tech revolution to the north and the south, while simultaneously developing an ecosystem that strengthens the region.

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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd120002
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd220002
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0KATZ WATSON GROUP KATZ WATSON GROUP FIXED MONTLY RETAINER PLUS EXPENSES KATZ WATSON GROUP KATZ WATSON GROUP FIXED MONTHLY RETAINER PLUS EXPENSES KATZ WATSON GROUP KATZ WATSON GROUP FIXED MONTHLY RETAINER PLUS EXPENSES
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (V)
IRS990ScheduleG/TotalGrossReceiptsAmt0242500
IRS990ScheduleG/TotalNetToOrganizationAmt0114555
IRS990ScheduleG/TotalRetainedByContractorsAmt0127945
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ISRAEL INITIATIVE 2020, INC. AIMS TO STRENGTHEN AND IMPROVE CONDITIONS IN ISRAEL THROUGH EDUCATION AND ACTIVITIES DESIGNED TO CREATE ECONOMIC OPPORTUNITY FOR DISADVANTAGED PERSONS, AND COMBAT NEIGHBORHOOD DETERIORATION. THE ORGANIZATION CONDUCTS VARIOUS CHARITABLE AND EDUCATIONAL ACTIVITIES. ITS PRIMARY ACTIVITY WILL BE HOSTING CONFERENCES AND SEMINARS THAT EDUCATE THE PUBLIC ABOUT ISSUES, TRENDS, AND EVENTS THAT RELATE TO ITS GOALS. THE ISRAEL INITIATIVE 2020 FOUNDATION'S ECONOMIC MODEL IS BASED ON SUCCESSFUL ECONOMIC DEVELOPMENT PROCESSES IN JERUSALEM AND BEER SHEVA. OUR MISSION IS TO EXPAND ISRAEL'S ECONOMIC MIRACLE, BRINGING ISRAEL'S "START UP NATION" REVOLUTION TO ALL SECTORS AND REGIONS OF ISRAELI SOCIETY BY CREATING 7 CENTERS OF EXCELLENCE AND BRINGING THE HIGH TECH REVOLUTION TO THE NORTH AND THE SOUTH, WHILE SIMULTANEOUSLY DEVELOPING AN ECOSYSTEM THAT STRENGTHENS THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 AND THE FINANCIAL STATEMENTS ARE SENT TO EACH MEMBER OF THE BOARD FOR REVIEW AND COMMENT BEFORE THE TAX RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CURRENTLY HAS NO SALARIED OFFICERS OR DIRECTORS. THE OFFICERS AND DIRECTORS AND ANY COMPANIES WITH WHICH THEY ARE AFFILIATED PROVIDE NO SERVICES TO THE ORGANIZATION. THE BOARD MEMBERS ARE AWARE THAT NO SERVICES OR GOODS CAN BE PROVIDED BY THEM OR ANY COMPANY OF WHICH THEY ARE AFFILIATED WITHOUT FIRST RECEIVING BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, THE ORGANIZATION WILL SUPPLY ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0502339
IRS990/TotalAssetsEOYAmt0597546
IRS990/TotalAssetsGrp/BOYAmt0502339
IRS990/TotalAssetsGrp/EOYAmt0597546
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0222500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0127945
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012959
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0140904
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02750
IRS990/TotalLiabilitiesEOYAmt07750
IRS990/TotalLiabilitiesGrp/BOYAmt02750
IRS990/TotalLiabilitiesGrp/EOYAmt07750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0499589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0589796
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08611
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0231111
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0502339
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0597546
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0499589
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0589796
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GIORA INBAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02025460474
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ISRAEL INITIATIVE 2020 INC
ReturnHeader/Filer/BusinessNameControlTxt0ISRA
ReturnHeader/Filer/EIN0464013281
ReturnHeader/Filer/PhoneNum02025460474
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O KATZWATSON 201 MASSACHUSETTS NE
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020002
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0981153789
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELIEZER ALPERSTEIN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0264 FORREST RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERION STATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019066
ReturnHeader/PreparerPersonGrp/PhoneNum06106681808
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIEZER ALPERSTEIN
ReturnHeader/ReturnTs02016-11-13T03:28:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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