2024-11-11T13:54:38-07:00 2024-06-30 990 2023-07-01 222401420 ADATH ISRAEL CAPITAL FUND ADAT 2158033265 1958 Lawrenceville Rd Lawrenceville NJ 08648 David Shaw President 2158033265 2024-11-11 1 2023 2024-10-15 13:58:12Z David Shaw 31 Vanderveer Dr Lawrenceville NJ 08648 33795 0 X X 1981 NJ The Adath Israel Capital Fund serves exclusively to assist Adath Israel Congregation of Lawrenceville, NJ in meeting its financial needs related to the physical plant and buildings. This is done using income from investments following an investment policy and guided by Trust Document. The capital fund maintains no employees or contractors and strives to avoid all expenses in order to maximize its benefit. Since the Trust-mandated floor for disbursements was reached, the Adath Israel Capital Fund has contributed more than $250,000 to Adath Israel Congregation. 7 7 0 7 0 0 0 0 0 0 94298 33795 0 0 94298 33795 0 21000 0 0 0 0 0 0 0 0 36 0 21036 94298 12759 1135291 1255891 0 0 1135291 1255891 X The Adath Israel Capital Fund serves exclusively to assist Adath Israel Congregation of Lawrenceville, NJ in meeting its financial needs related to the physical plant and buildings. This is done using income from investments following an investment policy and guided by Trust Document. The Adath Israel Capital Fund maintains no employees or contractors and strives to avoid all expenses in order to maximize its benefit. Since the Trust-mandated floor for disbursements was reached, the Adath Israel Capital Fund has contributed more than $250,000 to Adath Israel Congregation. 0 0 0 0 0 Provided a mortgage guarantee for Adath Israel Congregation's mortgage renewal 0 0 0 The Adath Israel Capital Fund maintained a line of credit of $105,000 to Adath Israel Congregation that could be drawn on by Adath Israel Congregation to address a short-term cash shortfall. Adath Israel Congregation repaid $25,000 that had been drawn from the line of credit in June 2022, prior to the current tax year. Adath Israel Congregation did not draw on the line of credit in the fiscal years July 1, 2022 - June 30, 2023 or July 1, 2023 - June 30, 2024. 21000 21000 0 In fiscal year July 1, 2023 to June 30, 2024, the Capital Fund awarded a grant of $21,000 to Adath Israel Congregation in support of capital-related items as per the Capital Fund Trust Agreement 0 0 0 21000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X Scott Berger 6094625057 1958 Lawrenceville Rd Lawrenceville NJ 08648 X Mark Goldfus Trustee 0.25 0 X 0 0 0 Cheryl Gorski Trustee 0.25 0 X 0 0 0 Abraham Abramovich Trustee 0.25 0 X 0 0 0 Daniel Brucker Trustee 0.25 0 X 0 0 0 David Shaw President 1 0 X 0 0 0 Scott Berger Treasurer 1 0 X 0 0 0 Bruce Kaplan Secretary 0.25 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 33795 33795 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33795 33795 0 0 21000 21000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36 36 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21036 21000 36 0 213901 1135291 1041990 0 0 1135291 1255891 0 0 X 1135291 1255891 0 0 1135291 1255891 1135291 1255891 12759 107841 0 0 0 0 X 0 0 0 X Form 990, Part I, Line 1 This is done using income from investments following an investment policy and guided by Trust Document. The capital fund maintains no employees or contractors and strives to avoid all expenses in order to maximize its benefit. Since the Trust-mandated floor for disbursements was reached, the Adath Israel Capital Fund has contributed more than $250,000 to Adath Israel Congregation. Form 990, Part III, Line 1 This is done using income from investments following an investment policy and guided by Trust Document. The capital fund maintains no employees or contractors and strives to avoid all expenses in order to maximize its benefit. Since the Trust-mandated floor for disbursements was reached, the Adath Israel Capital Fund has contributed more than $250,000 to Adath Israel Congregation Form 990, Part VI, Section B, Line 11b The information contained in this form 990 was reviewed at the July 30, 2024 annual meeting of the Capital Fund. The completed draft form 990 was provided to all Trustees and Officers to review in more depth and provide any feedback before filing. Form 990, Part VI, Section C, Line 19 The Governing Documents and financial statements of the Adath Israel Capital Fund are available upon request to Treasurer Scott Berger