Civic Intelligence

Afikim Foundation

990 • Fiscal year 2016 • EIN 71-0866051

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

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

95th percentile

1.25x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • NTEE X • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.26x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • NTEE X • $1M-$5M nonprofits • Source year 2016

Net Margin

11th percentile

-22%

Higher net margin than 11% of similar nonprofits.

2016 filings • NTEE X • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$200,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2016 filings • NTEE X • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-47%

Faster asset growth than 3% of similar nonprofits.

2016 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$536,283

Down $482,163 (-47%) from 2015

Net Assets

Down

-$135,176

Down $550,519 (-133%) from 2015

Liabilities

Up

$671,459

Up $68,356 (+11%) from 2015

Revenue

Up

$2,588,915

Up $353,507 (+16%) from 2015

Expenses

Up

$3,164,372

Up $365,962 (+13%) from 2015

Net Income

Down

-$575,457

Down $12,455 (-2.2%) from 2015

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

2016

Assets$536,283
Liabilities$671,459
Net Assets-$135,176

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

2016

Revenue$2,588,915
Expenses$3,164,372
Net Income-$575,457
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$2,859,109
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$695,870$335,712▼ $360,158
Investments in Publicly Traded Securities$321,954$200,571▼ $121,383
Land, Buildings, and Equipment, Net$622$0▼ $622
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,018,446$536,283▼ $482,163
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$603,103$671,459▲ $68,356
Total Liabilities$603,103$671,459▲ $68,356
Net Assets / Fund Balance
Permanently Rstr Net Assets$582,006$296,962▼ $285,044
Unrestricted Net Assets$-166,663$-432,138▼ $265,475
Total Net Assets Fund Balance$415,343$-135,176▼ $550,519
Total Liabilities and Net Assets / Fund Balance$1,018,446$536,283▼ $482,163

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$10,170$10,170
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raphael ButlerPresidentFT$82,002$117,998$200,000

Board Members and Trustees

NameTitle
Benzion Klatzkocampus director
Franklyn LaiferDirector
George KuhlDirector
Henoch CohnDirector
Sol TeichmanDirector
david fohrmanProject director
menachem deutschProject director
NICHOLAS EfrosNational coordinat
Moshe KrupkaSecretary
Eliezer EdelmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,585,839
Program Service Revenue
$0
Investment Income
$3,076
Other Revenue
$0
All Other Contributions
$2,585,839
Change in Net Assets
$-575,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,588,915
Total Revenue per Audited Statements
$2,588,915
Total Revenue per Form 990
$2,588,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,712,649
Salaries, Compensation, and Employee Benefits$1,451,723
Total Fundraising Expense$167,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,057,604$87,238$28,000$1,172,842
Current Officers, Directors, Trustees, and Key Employees$100,000$50,000$50,000$200,000
Travel$118,945-$6,260$125,205
Payroll Taxes$66,711$7,655$4,515$78,881
Insurance-$41,759-$41,759
Office Expenses-$20,341$20,341$40,682
Occupancy$11,923$5,961$5,961$23,845
Fees for Services Accounting-$9,793-$9,793
Other Expenses$1,604$803$803$3,210
Depreciation Depletion$310$156$156$622
Total Functional Expenses$2,768,557$227,999$167,816$3,164,372

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,164,372
Total Expenses per Audited Statements$3,164,372
Total Expenses per Form 990$3,164,372
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
2017-11-14
Discuss with paid preparer
Yes

Organization Details

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/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt024938
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt05961
IRS990/OccupancyGrp/ManagementAndGeneralAmt05961
IRS990/OccupancyGrp/ProgramServicesAmt011923
IRS990/OccupancyGrp/TotalAmt023845
IRS990/OfficeExpensesGrp/FundraisingAmt020341
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020341
IRS990/OfficeExpensesGrp/TotalAmt040682
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1FUNDRAISING
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt047487
IRS990/OtherExpensesGrp/FundraisingAmt14293
IRS990/OtherExpensesGrp/FundraisingAmt2803
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04293
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1803
IRS990/OtherExpensesGrp/ProgramServicesAmt01402874
IRS990/OtherExpensesGrp/ProgramServicesAmt18586
IRS990/OtherExpensesGrp/ProgramServicesAmt21604
IRS990/OtherExpensesGrp/TotalAmt01402874
IRS990/OtherExpensesGrp/TotalAmt147487
IRS990/OtherExpensesGrp/TotalAmt217172
IRS990/OtherExpensesGrp/TotalAmt33210
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt028000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087238
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01057604
IRS990/OtherSalariesAndWagesGrp/TotalAmt01172842
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04515
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07655
IRS990/PayrollTaxesGrp/ProgramServicesAmt066711
IRS990/PayrollTaxesGrp/TotalAmt078881
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0582006
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0296962
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TORAH - WELLSPRING OF LEARNING
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0715761
IRS990/ProgSrvcAccomActy3Grp/Desc0CHESED - KINDNESS & GOOD DEEDS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0600
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-575457
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0695870
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0335712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02585839
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02240692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03593761
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03198419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03082089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014700800
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07821
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07821
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01364
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022195
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt014700800
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02585839
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02240692
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03593761
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03198419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03082089
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014700800
IRS990ScheduleA/TotalSupportAmt014722995
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
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010170
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010170
IRS990ScheduleD/ExpensesSubtotalAmt03164372
IRS990ScheduleD/RevenueSubtotalAmt02588915
IRS990ScheduleD/TotalExpensesPerForm990Amt03164372
IRS990ScheduleD/TotalRevenuePerForm990Amt02588915
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02588915
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03164372
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt082002
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt055000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt062998
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RAPHAEL BUTLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The organization follows the IRS parsonage regulations. Additionally, the organization requires a parsonage worksheet to be submitted by all eligible employees.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1a: Relevant information in regards to selections on 1a.
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: ZIKARON - WELLSPRING OF REMEMBRANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD FOR DISCUSSION & REVIEW BEFORE FILING.

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