Civic Intelligence

Dafpay Network Inc

EIN 93-1372175 • 501(c)3 • New York, NY

990-N CoverageNTEE T12

Profile

The charity operates as a sponsor to donor advised funds.for each fund, the fund will be separately identified by reference to the contributions of specified donor or classes of donors, such that it is distinguishable from those funds that may be pooled anonymously or the general fund of the charity. Upon contribution, the donor cedes all legal title to the contributed funds to the charity, which maintains full discretion and control over the funds in each distinguishable account.

160 Madison Ave Ste 11705New York, NY 10016

www.dafpaynetwork.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.02x

Higher debt load relative to assets than 86% of similar nonprofits.

NTEE T • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.00x

Higher debt load relative to revenue than 80% of similar nonprofits.

NTEE T • $1M-$5M nonprofits • Source year 2024

Net Margin

60th percentile

29%

Higher net margin than 60% of similar nonprofits.

NTEE T • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

NTEE T • $1M-$5M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

$354,147

No earlier filing loaded for comparison.

Liabilities

$6,000

No earlier filing loaded for comparison.

Net Assets

$348,147

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue80th percentileNet Margin60th percentile

Revenue

$1,203,370

No earlier filing loaded for comparison.

Expenses

$855,749

No earlier filing loaded for comparison.

Net Income

$347,621

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2024: $354,147Liabilities 2024: $6,000Net Assets 2024: $348,1472024

Highlighted filing

2024

Assets$354,147
Liabilities$6,000
Net Assets$348,147
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2024: $1,203,370Expenses 2024: $855,749Net Income 2024: $347,6212024

Highlighted filing

2024

Revenue$1,203,370
Expenses$855,749
Net Income$347,621
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$354,147
Liabilities
$6,000
Net assets
$348,147
Revenue
$1,203,370
Expenses
$855,749
Net income
$347,621
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.35$1.20$0.86$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 12, 2025
Return Version
2024v5.0
Gross Receipts
$1,203,370
Mission and Program Overview

Mission

The charity operates as a sponsor to donor advised funds.for each fund, the fund will be separately identified by reference to the contributions of specified donor or classes of donors, such that it is distinguishable from those funds that may be pooled anonymously or the general fund of the charity. Upon contribution, the donor cedes all legal title to the contributed funds to the charity, which maintains full discretion and control over the funds in each distinguishable account.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$526$354,147▲ $353,621
Total Assets$526$354,147▲ $353,621
Liabilities
Accounts Payable and Accrued Expenses-$6,000-
Total Liabilities$0$6,000▲ $6,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$526$348,147▲ $347,621
Total Net Assets Fund Balance$526$348,147▲ $347,621
Total Liabilities and Net Assets / Fund Balance$526$354,147▲ $353,621
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Laivi FortaDirector
Salomon SerfatiDirector
Yitzhak Moshe Bengualid GoldsteinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,199,247
Program Service Revenue
$0
Investment Income
$4,123
Other Revenue
$0
All Other Contributions
$1,199,247
Change in Net Assets
$347,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$831,404
Other Expenses$24,345
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$831,404--$831,404
Fees for Services Other$18,345--$18,345
Fees for Services Accounting$6,000--$6,000
Total Functional Expenses$855,749$0$0$855,749
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chai LifelineNew York, NY, Is-Financial Support$372,832
Effective Ventures FoundationSan Francisco, CA-Financial Support$155,818
Mayo ClinicRochester, MN-Financial Support$32,545
The Leukemia & Lymphoma SocietyRye Brook, NY-Financial Support$10,390
Yeshivat Shaarei Mevaseret Zion--Financial Support$7,331
Sickle ForwardSan Francisco, CA-Financial Support$5,150
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
No
Annual disclosure for covered persons
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
Yes
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

“Form 990 is available to members upon request”

Form 990, Part VI, Section C, line 19

“Organization documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dafpay Network Inc
EIN
93-1372175
Phone
2023127465
Address
160 MADISON AVE STE 11705, NEW YORK, NY 10016

Signing Officer

Name
Salomon Serfati
Title
Director
Phone
2023127465
Signed
2025-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salomon Serfati
Formed
2023
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Jk Anf LLC
Address
5900 BALCONES DR STE 12303, AUSTIN, TX 78731
Preparer
Hyungil Kim
Phone
5125980506
Raw XML Appendix333 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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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02023127465
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAFPAY NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0DAFP
ReturnHeader/Filer/EIN0931372175
ReturnHeader/Filer/PhoneNum02023127465
ReturnHeader/Filer/USAddress/AddressLine1Txt0160 MADISON AVE STE 11705
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010016
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861758869
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JK ANF LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05900 BALCONES DR STE 12303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078731
ReturnHeader/PreparerPersonGrp/PhoneNum05125980506
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HYUNGIL KIM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-03-13T09:42:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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