Civic Intelligence

Magbit Foundation

990 • Fiscal year 2023 • EIN 95-4307648

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

9420 Wilshire Blvd 400Beverly Hills, CA 90212

(310) 273-2233

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$153,247

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,009,129

Up $560,265 (+23%) from 2022

Net Assets

Up

$3,006,028

Up $557,164 (+23%) from 2022

Liabilities

Up

$3,101

Up $3,101 from 2022

Revenue

Down

$1,407,554

Down $272,144 (-16%) from 2022

Expenses

Up

$850,390

Up $349,033 (+70%) from 2022

Net Income

Down

$557,164

Down $621,177 (-53%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $942,037Liabilities 2011: $299Net Assets 2011: $941,7382011Assets 2012: $924,431Liabilities 2012: $0Net Assets 2012: $924,4312012Assets 2013: $1,065,106Liabilities 2013: $356Net Assets 2013: $1,064,7502013Assets 2014: $820,808Liabilities 2014: $488Net Assets 2014: $820,3202014Assets 2015: $861,130Liabilities 2015: $1,152Net Assets 2015: $859,9782015Assets 2016: $954,315Liabilities 2016: $485Net Assets 2016: $953,8302016Assets 2017: $1,243,933Liabilities 2017: $429Net Assets 2017: $1,243,5042017Assets 2018: $1,486,324Liabilities 2018: $4,274Net Assets 2018: $1,482,0502018Assets 2019: $2,348,711Liabilities 2019: $2,105Net Assets 2019: $2,346,6062019Assets 2020: $1,572,243Liabilities 2020: $1,279Net Assets 2020: $1,570,9642020Assets 2021: $1,273,743Liabilities 2021: $3,220Net Assets 2021: $1,270,5232021Assets 2022: $2,448,864Liabilities 2022: $0Net Assets 2022: $2,448,8642022Assets 2023: $3,009,129Liabilities 2023: $3,101Net Assets 2023: $3,006,0282023Assets 2024: $5,351,330Liabilities 2024: $581Net Assets 2024: $5,350,7492024

Highlighted filing

2023

Assets$3,009,129
Liabilities$3,101
Net Assets$3,006,028

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $708,027Expenses 2011: $610,444Net Income 2011: $97,5832011Expenses 2012: $727,7762012Revenue 2013: $1,052,427Expenses 2013: $912,108Net Income 2013: $140,3192013Revenue 2014: $731,115Expenses 2014: $975,545Net Income 2014: -$244,4302014Revenue 2015: $733,590Expenses 2015: $693,932Net Income 2015: $39,6582015Revenue 2016: $570,888Expenses 2016: $477,036Net Income 2016: $93,8522016Revenue 2017: $1,002,948Expenses 2017: $713,274Net Income 2017: $289,6742017Revenue 2018: $864,629Expenses 2018: $626,083Net Income 2018: $238,5462018Revenue 2019: $1,186,620Expenses 2019: $322,064Net Income 2019: $864,5562019Revenue 2020: $139,133Expenses 2020: $914,775Net Income 2020: -$775,6422020Revenue 2021: $100,182Expenses 2021: $400,623Net Income 2021: -$300,4412021Revenue 2022: $1,679,698Expenses 2022: $501,357Net Income 2022: $1,178,3412022Revenue 2023: $1,407,554Expenses 2023: $850,390Net Income 2023: $557,1642023Revenue 2024: $4,565,941Expenses 2024: $2,221,220Net Income 2024: $2,344,7212024

Highlighted filing

2023

Revenue$1,407,554
Expenses$850,390
Net Income$557,164
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,422,033
Mission and Program Overview

Mission

The specific purpose of the foundation is to provide aid to and to support jewish causes and charities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,448,864$3,006,028▲ $557,164
Savings and Temporary Cash Investments$116,444$1,855,987▲ $1,739,543
Cash and Non-Interest-Bearing Accounts$1,630,771$663,543▼ $967,228
Investments in Publicly Traded Securities$441,851$455,933▲ $14,082
Receivables From Officers Etc-$14,186-
Prepaid Expenses and Deferred Charges$253,158$12,000▼ $241,158
Land, Buildings, and Equipment, Net$5,415$7,480▲ $2,065
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,448,864$3,009,129▲ $560,265
Other Assets Total$1,225$0▼ $1,225
Liabilities
Other Liabilities-$3,101-
Total Liabilities$0$3,101▲ $3,101
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,448,864$3,006,028▲ $557,164
Total Liabilities and Net Assets / Fund Balance$2,448,864$3,009,129▲ $560,265

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,480--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$441,900-▲ $18,004-$459,904
2022$467,664-▼ $25,813-$441,851
2021$467,713-▲ $1,590-$469,303
2020$446,983-▲ $19,140-$466,123
2019$420,963-▲ $26,020-$446,983
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gina RofeemExecutive DirecFT$153,247$153,247

Board Members and Trustees

NameTitle
Dora NazarianChairman
Ebrahim SimhaeeChairman
Hank DayaniPresident
Doran AdhamiVice President
Peter CohenVice President
Emily KhaliliSecretary
Paul RahimianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,325,139
Program Service Revenue
$0
Investment Income
$73,140
Other Revenue
$9,275
All Other Contributions
$919,231
Change in Net Assets
$557,164

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$29,445
Total Noncash Contributions1$29,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$505,500
Salaries, Compensation, and Employee Benefits$292,128
Other Expenses$52,762
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$316,000--$316,000
Current Officers, Directors, Trustees, and Key Employees-$153,247-$153,247
Grants to Domestic Orgs$150,000--$150,000
Pension Plan Contributions-$127,046-$127,046
Grants to Domestic Individuals$39,500--$39,500
Insurance-$18,623-$18,623
Payroll Taxes-$11,835-$11,835
Fees for Services Other-$3,100-$3,100
All Other Expenses-$2,640-$2,640
Office Expenses-$2,416-$2,416
Occupancy-$2,045-$2,045
Other Expenses-$1,560-$1,560
Fees for Services Accounting-$1,200-$1,200
Total Functional Expenses$505,500$344,890$0$850,390
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Friends of Or NationNew York, NY--$50,000
UC RegentsOakland, CA--$27,000
American Friends of MaagalimMiami Beach, FL--$26,000
Sackler School of MedicineNew York, NY--$13,000
University of Southern CalifoLos Angeles, CA--$10,000
Western University of HealthPomona, CA--$10,000
Creighton UniversityOmaha, NE--$8,000
UC Santa BarbaraSanta Barbara, CA--$6,000

International Summary

Spending
$316,000

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
IsraelCharity-00$278,000
IsraelGrants and Scholarships-00$38,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,754
Fundraising Direct Expenses$14,479
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$429,662$23,754$14,479$9,275
Total Events$429,662$23,754$14,479$9,275
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 Officers, Directors, Trustees, and Key Employees-$14,186-
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$3,101
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
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

Review by the board of directors and treasurer

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Magbit Foundation
EIN
95-4307648
Phone
3102732233
Address
9420 WILSHIRE BLVD 400, BEVERLY HILLS, CA 90212

Signing Officer

Name
Gina Rofeem
Title
Executive Director
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Kelman & Chan Llp
Address
23622 Calabasas Rd Ste 350, Calabasas, CA 91302
Preparer
Natalya Goldlist
Phone
8185919094
Raw XML AppendixShowing 400 of 610 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0919231
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02640
IRS990/AllOtherExpensesGrp/TotalAmt02640
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MAGBIT FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum03102732233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09420 WILSHIRE BLVD 400
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEVERLY HILLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090212
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01630771
IRS990/CashNonInterestBearingGrp/EOYAmt0663543
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0153247
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0153247
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0405908
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01325139
IRS990/CYGrantsAndSimilarPaidAmt0505500
IRS990/CYInvestmentIncomeAmt073140
IRS990/CYOtherExpensesAmt052762
IRS990/CYOtherRevenueAmt09275
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0557164
IRS990/CYSalariesCompEmpBnftPaidAmt0292128
IRS990/CYTotalExpensesAmt0850390
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01407554
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The "Israel at War" campaign proceeds are channeled to empower and uplift the Israeli community through verified and impactful initiatives
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0300000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01200
IRS990/FeesForServicesAccountingGrp/TotalAmt01200
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03100
IRS990/FeesForServicesOtherGrp/TotalAmt03100
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0316000
IRS990/ForeignGrantsGrp/TotalAmt0316000
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0GINA ROFEEM
IRS990/Form990PartVIISectionAGrp/PersonNm1Dora Nazarian
IRS990/Form990PartVIISectionAGrp/PersonNm2Peter Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm3Doran Adhami
IRS990/Form990PartVIISectionAGrp/PersonNm4Ebrahim Simhaee
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL RAHIMIAN
IRS990/Form990PartVIISectionAGrp/PersonNm6Hank Dayani
IRS990/Form990PartVIISectionAGrp/PersonNm7Emily Khalili
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0153247
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0405908
IRS990/FundraisingDirectExpensesAmt014479
IRS990/FundraisingGrossIncomeAmt023754
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt0300000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt039500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt039500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0150000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0150000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01422033
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt018623
IRS990/InsuranceGrp/TotalAmt018623
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt073140
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt073140
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0441851
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0455933
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05415
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07480
IRS990/LandBldgEquipCostOrOtherBssAmt07480
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES.
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt02448864
IRS990/NetAssetsOrFundBalancesEOYAmt03006028
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09275
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt029445
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02045
IRS990/OccupancyGrp/TotalAmt02045
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02416
IRS990/OfficeExpensesGrp/TotalAmt02416
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01225
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CREDIT CARD PROCESSING FEES
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3WEBSITE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012638
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16847
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21693
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31560
IRS990/OtherExpensesGrp/TotalAmt012638
IRS990/OtherExpensesGrp/TotalAmt16847
IRS990/OtherExpensesGrp/TotalAmt21693
IRS990/OtherExpensesGrp/TotalAmt31560
IRS990/OtherLiabilitiesGrp/EOYAmt03101
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011835
IRS990/PayrollTaxesGrp/TotalAmt011835
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0127046
IRS990/PensionPlanContributionsGrp/TotalAmt0127046
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0253158
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE AID TO AND TO SUPPORT JEWISH CAUSES AND CHARITIES. TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSE, MAGBIT FOUNDATION HAS PROVIDED FUNDS TO P.E.F. ISRAEL ENDOWMENT FUNDS, AMERICAN FRIENDS OF ARIEL UNIVERSITY, SACKLER SCHOOL OF MEDICINE, AND MANY OTHER UNIVERSITIES AND COLLEGES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0205500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0205500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0469191
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02138512
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0189800
IRS990/PYInvestmentIncomeAmt0-20587
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt062265
IRS990/PYOtherRevenueAmt0-438227
IRS990/PYRevenuesLessExpensesAmt01178341
IRS990/PYSalariesCompEmpBnftPaidAmt0249292
IRS990/PYTotalExpensesAmt0501357
IRS990/PYTotalRevenueAmt01679698
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt014186
IRS990/ReconcilationRevenueExpnssAmt0557164
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0855948
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02448864
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03006028
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116444
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01855987
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01325139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02138511
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0107220
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0126379
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01598788
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05296037
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt073140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018468
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01780
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt036941
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0151608
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt073140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018468
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01780
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt036941
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0151608
IRS990ScheduleA/InvestmentIncomeCYPct00.02780
IRS990ScheduleA/InvestmentIncomePYPct00.01710
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97220
IRS990ScheduleA/PublicSupportPY509Pct00.98290
IRS990ScheduleA/PublicSupportTotal509Amt05296037
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01325139
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02138511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0107220
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0126379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01598788
IRS990ScheduleA/Total509Grp/TotalAmt05296037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01398279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02156979
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0109000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0147658
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01635729
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05447645
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/CYEndwmtFundGrp/BeginningYearBalanceAmt0441900
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0459904
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt018004
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0467664
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0441851
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-25813
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0467713
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0469303
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01590
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0446983
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0466123
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019140
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0420963
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0446983
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026020
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt07480
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07480
IRS990ScheduleD/TotalLiabilityAmt03101
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt038000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1278000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0ISRAEL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1ISRAEL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS AND SCHOLARSHIPS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1CHARITY
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt038000
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt04
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0ISRAEL
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0SCHOLARSHIP
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0100000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt150000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt250000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt350000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.00$5.35$4.57$2.22$2.34
2023Detailed filing. Detailed filing data is available for this year.$3.01$0.00$3.01$1.41$0.85$0.56
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$1.68$0.50$1.18
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.10$0.40$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.14$0.91$0.78
2019Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$1.19$0.32$0.86
2018Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.48$0.86$0.63$0.24
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$1.00$0.71$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.57$0.48$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.73$0.69$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.73$0.98$0.24
2013Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.06$1.05$0.91$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$0.73
2011Summary only. Only limited summary data is available for this year.$0.94$0.00$0.94$0.71$0.61$0.10