Civic Intelligence

Binyamin Fund Inc

EIN 47-4044922 • 501(c)3 • Spring Valley, NY

Profile

The Binyamin Fund, Inc. - DBA Heart of Israel provides assistance through the regional council of Binyamin which is responsible for the welfare of the residents living in the Binyam region.The mission of the Binyamin Fund, inc., DBA Heart of Israel is to promote education, security, welfare, tourism, and other needs of the region.

9 Perlman Drive 207Spring Valley, NY 10977

www.theheartofisrael.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.05x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.01x

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

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-19%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2022

Revenue Growth

81st percentile

43%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$214,232

Up $68,355 (+47%) from 2022

Liabilities

Down

$3,285

Down $3,645 (-53%) from 2022

Net Assets

Up

$210,947

Up $72,000 (+52%) from 2022

Operations
Liabilities / Revenue44th percentileNet Margin44th percentile

Revenue

Up

$2,967,154

Up $2,118,168 (+249%) from 2022

Expenses

Up

$2,895,154

Up $2,059,734 (+247%) from 2022

Net Income

Up

$72,000

Up $58,434 (+431%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$400K$300K$200K$100K$0Assets 2016: $398,717Liabilities 2016: $5,470Net Assets 2016: $393,2472016Assets 2017: $327,458Liabilities 2017: $0Net Assets 2017: $327,4582017Assets 2018: $156,903Liabilities 2018: $0Net Assets 2018: $156,9032018Assets 2019: $163,330Liabilities 2019: $0Net Assets 2019: $163,3302019Assets 2020: $224,472Liabilities 2020: $0Net Assets 2020: $224,4722020Assets 2021: $125,820Liabilities 2021: $440Net Assets 2021: $125,3802021Assets 2022: $145,877Liabilities 2022: $6,930Net Assets 2022: $138,9472022Assets 2023: $214,232Liabilities 2023: $3,285Net Assets 2023: $210,9472023

Highlighted filing

2023

Assets$214,232
Liabilities$3,285
Net Assets$210,947
Open 2023 Filing

Operations Trend

Revenue Growth81st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $448,251Expenses 2016: $55,150Net Income 2016: $393,1012016Revenue 2017: $299,870Expenses 2017: $365,659Net Income 2017: -$65,7892017Revenue 2018: $261,459Expenses 2018: $432,014Net Income 2018: -$170,5552018Revenue 2019: $471,273Expenses 2019: $464,846Net Income 2019: $6,4272019Revenue 2020: $413,993Expenses 2020: $352,851Net Income 2020: $61,1422020Revenue 2021: $576,399Expenses 2021: $673,131Net Income 2021: -$96,7322021Revenue 2022: $848,986Expenses 2022: $835,420Net Income 2022: $13,5662022Revenue 2023: $2,967,154Expenses 2023: $2,895,154Net Income 2023: $72,0002023

Highlighted filing

2023

Revenue$2,967,154
Expenses$2,895,154
Net Income$72,000
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$214,232
Liabilities
$3,285
Net assets
$210,947
Revenue
$2,967,154
Expenses
$2,895,154
Net income
$72,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$2.97$2.90$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.85$0.84$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.58$0.67$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.41$0.35$0.06
2019Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.47$0.46$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.26$0.43$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.30$0.37$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$0.45$0.06$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 27, 2024
Return Version
2023v5.0
Gross Receipts
$2,967,154
Mission and Program Overview

Mission

To provide assistance to the mateh binyamin regional council, which is responsible for the welfare of the residents living in the southern samarian hills of israel; to promote education, security, welfare, tourism, and other needs of the region.

The Binyamin Fund, Inc. - DBA Heart of Israel provides assistance through the regional council of Binyamin which is responsible for the welfare of the residents living in the Binyam region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$145,877$214,232▲ $68,355
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$145,877$214,232▲ $68,355
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$6,930$3,285▼ $3,645
Total Liabilities$6,930$3,285▼ $3,645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$138,947$210,947▲ $72,000
Total Net Assets Fund Balance$138,947$210,947▲ $72,000
Total Liabilities and Net Assets / Fund Balance$145,877$214,232▲ $68,355
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Hindy CohenDirector
Lee LasherDirector
Marcos LapciucDirector
Mike WienerDirector
Steven DavidDirector
Yisrael GanzDirector
Aaron KatsofCEO
Rachel EyalCOO
Revenue and Support

Revenue Composition

Contributions and Grants
$2,967,151
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$2,967,151
Change in Net Assets
$72,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,684,700
Other Expenses$165,269
Total Fundraising Expense$66,050
Professional Fundraising Fees$45,185
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,684,700--$2,684,700
Other Expenses$77,054$59,803-$59,803
Fees for Services Professional Fundraising--$45,185$45,185
Travel--$10,450$10,450
Advertising--$10,415$10,415
Fees for Services Accounting-$4,000-$4,000
Office Expenses-$3,547-$3,547
Total Functional Expenses$2,761,754$67,350$66,050$2,895,154
International Activity

International Summary

Offices
1
Employees
1
Spending
$2,761,504

International Compliance

Foreign grant records maintained
Yes
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 EastSupportSupport Services11$2,761,504
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$45,185
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Section B, Line 11B

“Complete and unredacted Form 990 provided to the Board of Trustees to review and approve prior to filing”

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

“Trustes are required to disclose any potential conflicts to the Board”

Form 990, Part VI, Section C, Line 19

“The Organization does not make public its governing documents and policies. Financail statements can be downloaded from the NY Charities bureau website at www.charitiesnys.com”

Filing and Contact Details

Filer

Filer Name
Binyamin Fund Inc
EIN
47-4044922
Phone
7184072493
Address
9 Perlman Drive 207, Spring Valley, NY 10977

Signing Officer

Name
Aaron Katsof
Title
CEO
Signed
2024-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Katsof
Formed
2015
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Superior Consulting Services
Address
216 GRANT ST, MASSAPEQUA PARK, NY 11762
Preparer
Aron Epstein CPA
Phone
6462593884
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02967151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0848986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0576134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt041176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0476601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04910048
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78470
IRS990ScheduleA/PublicSupportPY170Pct00.67670
IRS990ScheduleA/PublicSupportTotal170Amt03853063
IRS990ScheduleA/SubstantialContributorsTotAmt01056985
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02967151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0848986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0576134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt041176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0476601
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04910048
IRS990ScheduleA/TotalSupportAmt04910051
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt02761504
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Middle East
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Support Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Support
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt025800
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt12590000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt268900
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Check/Wire
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Check/Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Charitable
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Charitable
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Educational/Support
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Middle East
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Middle East
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Middle East
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt01
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Recipient organizations arer required to provide periodically a report on the use of the funds so that the Organiztion can determine that the funds meet the objectives and mission of the Organization
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/Total501c3OrgCnt03
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt02761504
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Complete and unredacted Form 990 provided to the Board of Trustees to review and approve prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Trustes are required to disclose any potential conflicts to the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization does not make public its governing documents and policies. Financail statements can be downloaded from the NY Charities bureau website at www.charitiesnys.com
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0145877
IRS990/TotalAssetsGrp/EOYAmt0214232
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IRS990/TotalContributionsAmt02967151
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067350
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02761754
IRS990/TotalFunctionalExpensesGrp/TotalAmt02895154
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06930
IRS990/TotalLiabilitiesEOYAmt03285
IRS990/TotalLiabilitiesGrp/BOYAmt06930
IRS990/TotalLiabilitiesGrp/EOYAmt03285
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0138947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0210947
IRS990/TotalProgramServiceExpensesAmt02761754
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02967154
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0145877
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0214232
IRS990/TravelGrp/FundraisingAmt010450
IRS990/TravelGrp/TotalAmt010450
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09 Perlman Drive 207
IRS990/USAddress/CityNm0Spring Valley
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010977
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.theheartofisrael.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron Katsof
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Binyamin Fund Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA The Heart of Israel
ReturnHeader/Filer/BusinessNameControlTxt0BINY

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