Civic Intelligence

American Friends of Kohelet Policy Forum

EIN 47-5405929 • 501(c)3 • Philadelphia, PA

Profile

The principal and primary intent of the organization is to support kohelet policy forum (the "forum"), a jerusalem-based non-profit policy center founded in 2012, comprised of leading academics and researchers.

1650 Market St Ste 2800Philadelphia, PA 19103

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-5144%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

11th percentile

-96%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-98%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$260,078

Down $6,249,455 (-96%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$260,078

Down $6,249,455 (-96%) from 2018

Revenue

Down

$121,500

Down $6,385,700 (-98%) from 2018

Expenses

Up

$6,370,955

Up $6,318,703 (+12093%) from 2018

Net Income

Down

-$6,249,455

Down $12,704,403 (-197%) from 2018

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $2,000,530Liabilities 2016: $0Net Assets 2016: $2,000,5302016Assets 2017: $54,585Liabilities 2017: $0Net Assets 2017: $54,5852017Assets 2018: $6,509,533Liabilities 2018: $0Net Assets 2018: $6,509,5332018Assets 2019: $260,078Liabilities 2019: $0Net Assets 2019: $260,0782019

Highlighted filing

2019

Assets$260,078
Liabilities$0
Net Assets$260,078

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2016: $4,000,100Expenses 2016: $2,000,070Net Income 2016: $2,000,0302016Revenue 2017: $6,005,000Expenses 2017: $7,950,945Net Income 2017: -$1,945,9452017Revenue 2018: $6,507,200Expenses 2018: $52,252Net Income 2018: $6,454,9482018Revenue 2019: $121,500Expenses 2019: $6,370,955Net Income 2019: -$6,249,4552019

Highlighted filing

2019

Revenue$121,500
Expenses$6,370,955
Net Income-$6,249,455

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 8, 2020
Return Version
2019v5.1
Gross Receipts
$121,500
Mission and Program Overview

Mission

The principal and primary intent of the organization is to support kohelet policy forum (the "forum"), a jerusalem-based non-profit policy center founded in 2012, comprised of leading academics and researchers.

American friends of kohelet policy form (the organization") is a public charity with its purpose to make grants and charitable contributions exclusively to other organizations engaged in educational and related activities, focused on political policy. The principal and primary intent of the organization is to support kohelet policy forum (the "forum"), a jerusalem-based non-profit policy center founded in 2012, comprised of leading academics and researchers. The forum is non-partisan and relies on private donations only; no support is accepted from any state-funded organizations, domestic or foreign. The forum's legislative research and policy papers are offered free of charge to the general public of the academic and political community. While the principal beneficiary of the organization's grants will be the forum, the organization, however, shall have the ultimate authority as to where it will contribute its funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,509,533$260,078▼ $6,249,455
Total Assets$6,509,533$260,078▼ $6,249,455
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,509,533$260,078▼ $6,249,455
Total Net Assets Fund Balance$6,509,533$260,078▼ $6,249,455
Total Liabilities and Net Assets / Fund Balance$6,509,533$260,078▼ $6,249,455
Compensation and Service Providers

Board Members and Trustees

NameTitle
Avraham ShmidmanChairman, Pres & Treas
Amir GoldmanDirector
Itia RothSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$121,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$121,500
Change in Net Assets
$-6,249,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,350,000
Other Expenses$20,955
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$6,350,000--$6,350,000
Fees for Services Accounting-$20,850-$20,850
Other Expenses-$105-$105
Total Functional Expenses$6,350,000$20,955$0$6,370,955
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Avraham shmidman and itia roth are siblings. The conflict of interest policy would address any issues that in theory could arise and if necessary, any relevant decisions where a conflict exists could and would be determined by the unrelated director, amir goldman.

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

Prepared by an accounting firm and reviewed by board

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

In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of his or her financial interest to the directors and members of any committees with board delegated powers considering the proposed transaction or arrangement.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Friends of Kohelet Policy Forum
EIN
47-5405929
Phone
6107551340
Address
1650 MARKET ST STE 2800, PHILADELPHIA, PA 19103

Signing Officer

Name
Avraham Shmidman
Title
Chairman, President
Phone
6107551340
Signed
2020-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avraham Shmidman
Formed
2015
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman & Company Llp
Address
1800 JFK BLVD 20TH FLOOR, PHILADELPHIA, PA 19103
Preparer
Brett Dubin CPA
Phone
2155454800
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There have been no changes from the prior year in the methods used by the committee responsible for oversight of the audit of the financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization follows accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board ("fasb") accounting standards codification ("asc") 740, income taxes. Under that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not that the positions will be sustained upon examination by the taxing authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2019, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the organization had no interest or penalties related to income taxes. The organization files income tax returns in the u.s. Federal jurisdiction.

Raw XML Appendix317 raw XML fields

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/ActivityOrMissionDesc0AMERICAN FRIENDS OF KOHELET POLICY FORM (THE ORGANIZATION") IS A PUBLIC CHARITY WITH ITS PURPOSE TO MAKE GRANTS AND CHARITABLE CONTRIBUTIONS EXCLUSIVELY TO OTHER ORGANIZATIONS ENGAGED IN EDUCATIONAL AND RELATED ACTIVITIES, FOCUSED ON POLITICAL POLICY. THE PRINCIPAL AND PRIMARY INTENT OF THE ORGANIZATION IS TO SUPPORT KOHELET POLICY FORUM (THE "FORUM"), A JERUSALEM-BASED NON-PROFIT POLICY CENTER FOUNDED IN 2012, COMPRISED OF LEADING ACADEMICS AND RESEARCHERS. THE FORUM IS NON-PARTISAN AND RELIES ON PRIVATE DONATIONS ONLY; NO SUPPORT IS ACCEPTED FROM ANY STATE-FUNDED ORGANIZATIONS, DOMESTIC OR FOREIGN. THE FORUM'S LEGISLATIVE RESEARCH AND POLICY PAPERS ARE OFFERED FREE OF CHARGE TO THE GENERAL PUBLIC OF THE ACADEMIC AND POLITICAL COMMUNITY. WHILE THE PRINCIPAL BENEFICIARY OF THE ORGANIZATION'S GRANTS WILL BE THE FORUM, THE ORGANIZATION, HOWEVER, SHALL HAVE THE ULTIMATE AUTHORITY AS TO WHERE IT WILL CONTRIBUTE ITS FUNDS.
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IRS990/Form990PartVIISectionAGrp/PersonNm2AMIR GOLDMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN, PRES & TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES. UNDER THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2019, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE ORGANIZATION HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS GRANTEE EXPENDITURES UNDER INDIVIDUAL GRANTS WITHIN EACH BUDGET PERIOD AND WITHIN THE OVERALL PROJECT PERIOD.
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IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AVRAHAM SHMIDMAN AND ITIA ROTH ARE SIBLINGS. THE CONFLICT OF INTEREST POLICY WOULD ADDRESS ANY ISSUES THAT IN THEORY COULD ARISE AND IF NECESSARY, ANY RELEVANT DECISIONS WHERE A CONFLICT EXISTS COULD AND WOULD BE DETERMINED BY THE UNRELATED DIRECTOR, AMIR GOLDMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPARED BY AN ACCOUNTING FIRM AND REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE DIRECTORS AND MEMBERS OF ANY COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06509533
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0260078
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06350000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0121500
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06509533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0260078
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0146 N HIGHLAND AVE
IRS990/USAddress/CityNm0BALA CYNWYD
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019004
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AVRAHAM SHMIDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN, PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06107551340
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN FRIENDS OF KOHELET POLICY FORUM
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O J WEINBERGER- COZEN O'CONNOR
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0475405929
ReturnHeader/Filer/PhoneNum06107551340
ReturnHeader/Filer/USAddress/AddressLine1Txt01650 MARKET ST STE 2800
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01CC5EEE54A698B03DA6BB7ACA2588F2AF6F2BF7B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.115.164.232
ReturnHeader/FilingSecurityInformation/IPDt02020-09-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:53:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222428965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01800 JFK BLVD 20TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019103
ReturnHeader/PreparerPersonGrp/PhoneNum02155454800
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRETT DUBIN CPA
ReturnHeader/ReturnTs02020-09-09T09:15:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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