2025-02-20T09:21:15-08:00 2024-06-30 202669703 OLUGBENGA OLABINTAN CPA INC 137 CAMDEN ST STE 3 NEWARK NJ 07103 990 2023-07-01 452692359 FRIENDS OF HATIKVAH INTERNATIONAL CHARTER SCHOOL INC FRIE 2127926214 445 PARK AVENUE NEW YORK NY 10022 Eli Schaap President and Chair of the Board 2127926214 2025-02-20 true true OLUGBENGA OLABINTAN CPA P01608312 2012307518 2025-02-20 2023 2025-03-06 01:10:19Z Eli Schaap 729 Seventh Avenue 9th Floor NEW YORK NY 10019 1222159 false X N/A X 2011 NY Friends of Hatikvah International Academy Charter School, Inc. was established to assist the Hatikvah International Academy Charter School in improving the quality of education for the children in in East Brunswick, New Jersey and surrounding communities. 4 4 0 0 0 0 121 140 56733 69153 38123 67866 1120400 1085000 1215377 1222159 0 0 0 0 0 1212765 1060133 1212765 1060133 2612 162026 10828682 10735210 12910915 12655417 -2082233 -1920207 Friends of Hatikvah International Academy Charter School, Inc. was established to assist the Hatikvah International Academy Charter School in improving the quality of education for the children in East Brunswick, New Jersey and surrounding communities. false false 1023815 0 0 The Organization assisted Hatikvah International Academy Charter School in its mission of improving the education for the children of East Brunswick, New Jersey and its surrounding communities. 1023815 true false false false false false false false false false true false false true false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true false false true true false NJ X Eli Schaap 2127926214 729 Seventh Avenue 9th Floor New York NY 10019 X Eli Schaap President & Chair 4.00 X X 0 0 0 David Gedzelman Secretary/Treasurer 4.00 X X 0 0 0 Amy Winn-Dworkin Member 4.00 X 0 0 0 false false false 140 140 PROGRAM SERVICE REVENUE 611000 69153 0 0 69153 67866 67866 0 0 1085000 1085000 1085000 1085000 Other Revenue 611110 0 0 0 0 0 1222159 1222019 0 0 5298 0 5298 0 10000 0 10000 0 671709 671709 0 0 274182 253162 21020 0 50404 50404 0 0 Repairs and maintenance 34225 34225 0 0 Other costs 14315 14315 0 0 Donations to Charter School 0 0 0 0 Program service expenses 0 0 0 0 1060133 1023815 36318 0 231581 350324 1677485 1737599 28820 30673 40 40 9823951 1692846 8384267 8131105 506489 485469 10828682 10735210 10498 10000 90417 90417 12810000 12555000 12910915 12655417 X -2082233 -1920207 -2082233 -1920207 10828682 10735210 162026 X false true X true false X 0 16086 3424 66 121 140 19837 0 0 16086 3424 66 121 140 19837 0 19837 790000 1005110 1175658 1158523 1152866 5282157 0 0 0 0 0 0 0 5301994 0.00370 0.00440 X 0 0 0 Pt II Ln 17b The Organization was established primarily to provide support for another tax-exempt non-profit organization which is a New Jersey Charter School. The Organization rents a facility to the Charter School which is used solely for the benefits of New Jersey public school students. 0 750000 750000 8723120 1459624 7263496 350831 233222 117609 8131105 Security and Escrow Deposits 2000 Deferred debt issuance costs - net 483469 485469 1222159 1222159 1222159 1060133 1060133 1060133 A NJ Economic Development Authority 223459911 645912DW3 2017-08-31 1395000 Bulding purchase/debt-retiremt false false false B NJ Economic Development Authority 223459911 645912DX1 2017-08-31 4215000 Bulding purchase/debt retiremt false false false C NJ Economic Development Authority 223459911 645912DY9 2017-08-31 7175000 Bulding purchase/debt retiremt false false false D NJ Economic Development Authority 223459911 645912DZ6 2017-08-31 660000 Bulding purchase/debt retiremt false false false A 0 0 1395000 0 0 0 0 0 0 -35577 1395000 3525 2019 false false true true B 0 0 4215000 0 0 0 0 0 -54937 -156247 3815457 719695 2019 false false true true C 0 0 7175000 929819 106136 524475 0 0 1984525 2700226 949126 2019 false false true true D 0 0 660000 66000 0 0 0 0 0 0 528000 65253 2019 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false Other SCHEDULE K, PART II, LINE 11 - Other spent proceeds total of ($1,395,000 + $3,815,457 + $2,700,226 + $528,000)= $8,438,683 consist of: total debt retirement of $4,423,058 and building purchase cost of $4,015,625. Other SCHEDULE K, PART II, LINE 12 - Other unspent proceeds total of ($35,577 + $574,937 + $929,819 + $66,000) = $1,606,333 consist of Debt Service Reserve Fund Series A - $929,819, Debt Service Reserve Fund Series B - $66,000, funds available for building renovations - $610,514. Pt VI, Line 11b Forms 990 are reviewed by all board members of the Organization before filing with the IRS. Pt VI, Line 12c The Board of the Organization adheres to its adopted Conflict of Interest policy. Pt VI, Line 15a The Organization currently does not have employees. When it does, the Board plans to review and approve all employees salaries including those of management staff. Pt VI, Line 15b Same explanation as for Part VI, Line 15a above. Pt VI, Line 19 All governing documents, conflict of interest policy and financial statements are available to the public upon request.