Civic Intelligence

Afikim Foundation

990 • Fiscal year 2014 • EIN 71-0866051

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

111 John StreetNew York, NY 10038

(212) 791-7450

Siviq Scores

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

Liabilities / Assets

76th percentile

0.35x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • NTEE X • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.15x

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

2014 filings • NTEE X • $1M-$5M nonprofits • Source year 2014

Net Margin

63rd percentile

16%

Higher net margin than 63% of similar nonprofits.

2014 filings • NTEE X • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

96th percentile

$200,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2014 filings • NTEE X • $1M-$5M nonprofits • Source year 2014

Asset Growth

90th percentile

67%

Faster asset growth than 90% of similar nonprofits.

2014 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

2014 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,520,136

Up $610,721 (+67%) from 2013

Net Assets

Up

$983,669

Up $559,164 (+132%) from 2013

Liabilities

Up

$536,467

Up $51,557 (+11%) from 2013

Revenue

Up

$3,607,591

Up $408,143 (+13%) from 2013

Expenses

Up

$3,045,677

Up $67,853 (+2.3%) from 2013

Net Income

Up

$561,914

Up $340,290 (+154%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2013: $909,415Liabilities 2013: $484,910Net Assets 2013: $424,5052013Assets 2014: $1,520,136Liabilities 2014: $536,467Net Assets 2014: $983,6692014Assets 2015: $1,018,446Liabilities 2015: $603,103Net Assets 2015: $415,3432015Assets 2016: $536,283Liabilities 2016: $671,459Net Assets 2016: -$135,1762016Assets 2017: $534,159Liabilities 2017: $728,511Net Assets 2017: -$194,3522017Assets 2018: $520,840Liabilities 2018: $799,428Net Assets 2018: -$278,5882018Assets 2019: $362,002Liabilities 2019: $780,745Net Assets 2019: -$418,7432019Assets 2020: $275,495Liabilities 2020: $898,675Net Assets 2020: -$623,1802020Assets 2021: $585,126Liabilities 2021: $790,310Net Assets 2021: -$205,1842021Assets 2022: $502,943Liabilities 2022: $797,011Net Assets 2022: -$294,0682022Assets 2024: $907,177Liabilities 2024: $792,561Net Assets 2024: $114,6162024

Highlighted filing

2014

Assets$1,520,136
Liabilities$536,467
Net Assets$983,669

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2013: $3,199,448Expenses 2013: $2,977,824Net Income 2013: $221,6242013Revenue 2014: $3,607,591Expenses 2014: $3,045,677Net Income 2014: $561,9142014Revenue 2015: $2,235,408Expenses 2015: $2,798,410Net Income 2015: -$563,0022015Revenue 2016: $2,588,915Expenses 2016: $3,164,372Net Income 2016: -$575,4572016Revenue 2017: $1,656,716Expenses 2017: $1,783,890Net Income 2017: -$127,1742017Revenue 2018: $1,798,515Expenses 2018: $1,870,681Net Income 2018: -$72,1662018Revenue 2019: $1,635,628Expenses 2019: $1,775,491Net Income 2019: -$139,8632019Revenue 2020: $1,444,925Expenses 2020: $1,652,291Net Income 2020: -$207,3662020Revenue 2021: $2,123,858Expenses 2021: $1,695,083Net Income 2021: $428,7752021Revenue 2022: $2,022,617Expenses 2022: $2,043,551Net Income 2022: -$20,9342022Revenue 2024: $1,955,451Expenses 2024: $1,760,812Net Income 2024: $194,6392024

Highlighted filing

2014

Revenue$3,607,591
Expenses$3,045,677
Net Income$561,914
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$3,642,268
Mission and Program Overview

Mission

A resource of religious & programming initiatives of the jewish community. It's driving philosophy is to identify a need that when filled will enhance the varied institutions of jewish life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$758,866$935,864▲ $176,998
Investments in Publicly Traded Securities$67,749$582,742▲ $514,993
Accounts Receivable$80,000$0▼ $80,000
Land, Buildings, and Equipment, Net$2,800$1,530▼ $1,270
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$909,415$1,520,136▲ $610,721
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$484,910$536,467▲ $51,557
Total Liabilities$484,910$536,467▲ $51,557
Net Assets / Fund Balance
Permanently Rstr Net Assets$576,367$587,986▲ $11,619
Unrestricted Net Assets$-151,862$395,683▲ $547,545
Total Net Assets Fund Balance$424,505$983,669▲ $559,164
Total Liabilities and Net Assets / Fund Balance$909,415$1,520,136▲ $610,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,530$8,640$10,170
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raphael ButlerPresidentFT$70,000$55,000$200,000
Benzion Klatzkocampus directorFT$92,086$159,000$176,086
menachem deutschProject directorFT$98,324$27,507$125,831
NICHOLAS EfrosNational coordinatFT$120,000-$120,000

Board Members and Trustees

NameTitle
Franklyn LaiferDirector
George KuhlDirector
Henoch CohnDirector
Sol TeichmanDirector
david fohrmanProject director
Moshe KrupkaSecretary
Eliezer EdelmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Telzstone Entertainment CorpGraphic Arts1495 BAY BLVD, Atlantic Beach, NY 11509$115,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,593,758
Program Service Revenue
$0
Investment Income
$13,833
Other Revenue
$0
All Other Contributions
$3,593,758
Change in Net Assets
$561,914

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,607,591
Total Revenue per Audited Statements
$3,607,591
Total Revenue per Form 990
$3,607,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,830,539
Salaries, Compensation, and Employee Benefits$1,215,138
Total Fundraising Expense$121,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$824,118$122,986-$947,104
Current Officers, Directors, Trustees, and Key Employees$100,000$50,000$50,000$200,000
Travel$69,242-$3,644$72,886
Payroll Taxes$51,732$11,394$4,908$68,034
Insurance-$54,044-$54,044
Office Expenses-$25,546$25,547$51,093
Occupancy$12,000$6,000$6,000$24,000
Other Expenses$4,821$2,411$2,411$9,643
Fees for Services Accounting-$8,144-$8,144
Depreciation Depletion$636$317$317$1,270
Total Functional Expenses$2,639,049$285,247$121,381$3,045,677

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,045,677
Total Expenses per Audited Statements$3,045,677
Total Expenses per Form 990$3,045,677
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
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
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

A copy of the 990 is distributed to all members of the board for discussion & review before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board members are required to sign & submit annual statements of any conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board meets independently to discuss the president's salary.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents & financial statements are available at the foundation's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
The Afikim Foundation
EIN
71-0866051
Phone
2127917450
Address
111 JOHN STREET, NEW YORK, NY 10038

Signing Officer

Name
Raphael Butler
Title
President
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raphael Butler
Formed
2002
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
17

Preparer

Firm
Levine & Schmutter CPA Llp
Address
347 FIFTH AVENUE SUITE 402, NEW YORK, NY 10016-5010
Preparer
Irvin P Schmutter
Phone
2122446611
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: zikaron - wellspring of remembrance

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IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016290530
IRS990ScheduleA/TotalSupportAmt016318605
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01530
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08640
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010170
IRS990ScheduleD/ExpensesSubtotalAmt03045677
IRS990ScheduleD/RevenueSubtotalAmt03607591
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01530
IRS990ScheduleD/TotalExpensesPerForm990Amt03045677
IRS990ScheduleD/TotalRevenuePerForm990Amt03607591
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