2025-11-13T12:56:38-05:00 2024-12-31 272045025 AB TAWIL & ASSOCIATES LLC 3131 CAMINO DEL RIO NORTH STE 160 SAN DIEGO CA 921085711 990 2024-01-01 832780438 THE SIMPSER KAVOD FUND SIMP 6198141400 750 B ST STE 3020 SAN DIEGO CA 92101 LEONARDO SIMPSER PRESIDENT 6198141400 2025-10-29 true true BYRNE MCAULIFFE P00554023 6192701286 2025-11-05 2024 2025-03-06 01:10:19Z LEONARDO SIMPSER 5193 DEL MAR MESA ROAD SAN DIEGO CA 92130 258144 false X X 2018 CA MISSION THE KAVOD FUND'S MISSION IS "TO HELP PEOPLE TO BE, AND REMAIN, SELF- SUFFICIENT AND SELF-RESPECTING PERSONS BY AID OF NON-INTEREST-BEARING LOANS, AND OTHER RELATED SERVICES AS THE INDIVIDUAL MAY REQUIRE. SUCH LOANS, AND SERVICES SHALL BE RENDERED WITH DIGNITY (KAVOD) AND RESPECT TO THOSE BEING HELPED."1 OVERVIEW THE KAVOD FUND'S STRATEGY TO ACHIEVE ITS MISSION HAS A TWO-PRONGED APPROACH: 1.DIRECT LOANS. FIRST, THE KAVOD FUND WILL MAKE INTEREST-FREE LOANS TO INDIVIDUALS, INSTITUTIONS AND SMALL BUSINESSES WHO ARE WORTHY, BUT CANNOT OTHERWISE ACCESS LOANS ON REASONABLE TERMS OR ANY LOANS ALTOGETHER. THE GOAL IS TO HELP WORTHY PERSONS TO HELP THEMSELVES IN A DIGNIFIED MANNER. BY PROVIDING DISTRESSED INDIVIDUALS WITH AN INTEREST-FREE LOAN, THE KAVOD FUND WILL PROVIDE NOT ONLY CAPITAL, BUT ALSO A SENSE OF HOPE AND WORTH, AS BORROWERS WILL KNOW SOMEONE BELIEVES IN THEM AND THEIR FUTURE SUCCESS. SOMETIMES THAT PUSH IS WHAT AN INDIVIDUAL NEEDS TO GET OUT OF A NEGATIVE CYCLE. IN ADDITION 2 2 2 0 205300 255981 0 0 2163 205300 258144 0 0 127486 33493 0 76793 124553 204725 252039 238218 -46739 19926 490552 507279 177136 173937 313416 333342 X MISSION THE KAVOD FUND'S MISSION IS "TO HELP PEOPLE TO BE, AND REMAIN, SELF- SUFFICIENT AND SELF-RESPECTING PERSONS BY AID OF NON-INTEREST-BEARING LOANS, AND OTHER RELATED SERVICES AS THE INDIVIDUAL MAY REQUIRE. SUCH LOANS, AND SERVICES SHALL BE RENDERED WITH DIGNITY (KAVOD) AND RESPECT TO THOSE BEING HELPED."1 OVERVIEW THE KAVOD FUND'S STRATEGY TO ACHIEVE ITS MISSION HAS A TWO-PRONGED APPROACH: 1.DIRECT LOANS. FIRST, THE KAVOD FUND WILL MAKE INTEREST-FREE LOANS TO INDIVIDUALS, INSTITUTIONS AND SMALL BUSINESSES WHO ARE WORTHY, BUT CANNOT OTHERWISE ACCESS LOANS ON REASONABLE TERMS OR ANY LOANS ALTOGETHER. THE GOAL IS TO HELP WORTHY PERSONS TO HELP THEMSELVES IN A DIGNIFIED MANNER. BY PROVIDING DISTRESSED INDIVIDUALS WITH AN INTEREST-FREE LOAN, THE KAVOD FUND WILL PROVIDE NOT ONLY CAPITAL, BUT ALSO A SENSE OF HOPE AND WORTH, AS BORROWERS WILL KNOW SOMEONE BELIEVES IN THEM AND THEIR FUTURE SUCCESS. SOMETIMES THAT PUSH IS WHAT AN INDIVIDUAL NEEDS TO GET OUT OF A NEGATIVE CYCLE. IN ADDITION false false 160600 DEVELOPING AND MAINTAINING A WORKING WEBSITE. 825 DEVELOPING AND MAINTAINING A WORKING WEBSITE. 825 161425 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 false 2 true false false false false false false false false X 2 2 true false false false false false false true true false false false false false false false false false LEONARDO SIMPSER 6198141400 750 B STREET STE 3020 SAN DIEGO CA 92101 X LEONARDO SIMPSER PRESIDENT 5.00 X X 0 0 0 YANINE LIJTSZAIN SECRETARY 0.50 X 0 0 0 false false false 255981 255981 CURRENCY GAIN/LOSS 2163 2163 2163 258144 2163 X 32523 32523 970 970 1605 1605 191004 114211 76793 10110 10110 1181 1181 STATE TAXES & REGISTRATIO 825 825 238218 161425 0 76793 104069 112110 386483 395169 2105 2105 490552 507279 8754 9204 168382 164733 177136 173937 X 313416 333342 313416 333342 490552 507279 19926 X false false X 26174 695650 144147 205300 255981 1327252 26174 695650 144147 205300 255981 1327252 1327252 1327252 2163 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2105 2105 KUG - LOAN FROM SIMPSER FAMILY TRUST 72369 LOAN 11/02/2022 50000 KUG - LOAN FROM GEORGE ROHR 41250 AMEX 81004 1072 PAYROLL TAX 42 164733 FORM 990 - ORGANIZATION'S MISSION MISSION THE KAVOD FUND'S MISSION IS "TO HELP PEOPLE TO BE, AND REMAIN, SELF- SUFFICIENT AND SELF-RESPECTING PERSONS BY AID OF NON-INTEREST-BEARING LOANS, AND OTHER RELATED SERVICES AS THE INDIVIDUAL MAY REQUIRE. SUCH LOANS, AND SERVICES SHALL BE RENDERED WITH DIGNITY (KAVOD) AND RESPECT TO THOSE BEING HELPED."1 OVERVIEW THE KAVOD FUND'S STRATEGY TO ACHIEVE ITS MISSION HAS A TWO-PRONGED APPROACH: 1.DIRECT LOANS. FIRST, THE KAVOD FUND WILL MAKE INTEREST-FREE LOANS TO INDIVIDUALS, INSTITUTIONS AND SMALL BUSINESSES WHO ARE WORTHY, BUT CANNOT OTHERWISE ACCESS LOANS ON REASONABLE TERMS OR ANY LOANS ALTOGETHER. THE GOAL IS TO HELP WORTHY PERSONS TO HELP THEMSELVES IN A DIGNIFIED MANNER. BY PROVIDING DISTRESSED INDIVIDUALS WITH AN INTEREST-FREE LOAN, THE KAVOD FUND WILL PROVIDE NOT ONLY CAPITAL, BUT ALSO A SENSE OF HOPE AND WORTH, AS BORROWERS WILL KNOW SOMEONE BELIEVES IN THEM AND THEIR FUTURE SUCCESS. SOMETIMES THAT PUSH IS WHAT AN INDIVIDUAL NEEDS TO GET OUT OF A NEGATIVE CYCLE. IN ADDITION, WHEN BORROWERS REPAY THEIR LOANS, THE KAVOD FUND WILL RE-LOAN THE FUNDS. THEREFORE, RELATIVE TO GIVING FUNDS TO INDIVIDUALS OR ORGANIZATIONS, LENDING THE FUNDS INTEREST-FREE CAN PROVIDE FINANCIAL SUPPORT WHILE HAVING GREATER IMPACT AS REPAID FUNDS GET RECYCLED TO HELP OTHERS OVER AND OVER. 2.PROMOTE COMMUNITY LENDING. THE SECOND PART OF THE KAVOD FUND'S STRATEGY IS TO CREATE A PLATFORM THAT CONNECTS INDIVIDUALS WHO HAVE SAVINGS TO THOSE WHO DON'T HAVE ACCESS TO LOANS, OR REASONABLE LOW-COST LOANS, ON A GLOBAL BASIS. SPECIFICALLY, THE KAVOD FUND PLANS TO DEVELOP AN ONLINE TECHNOLOGY PLATFORM THROUGH WHICH BORROWERS WILL BE ABLE TO POST THEIR REQUESTS FOR INTEREST-FREE LOANS AND CONNECT WITH INDIVIDUALS WHO ARE WILLING AND ABLE TO LEND INTEREST-FREE. BY CREATING THE MARKETPLACE, THE KAVOD FUND WILL ENABLE THOUSANDS OF PEOPLE TO BE ABLE TO LEND INTEREST-FREE IN A SIMPLE, STRAIGHTFORWARD WAY. THIS OPPORTUNITY OF HELPING OTHERS THROUGH INTEREST-FREE LENDING IS TYPICALLY NOT ACCESSIBLE TO INDIVIDUALS THAT MAY BE WILLING TO DO SO, BUT LACK THE INFRASTRUCTURE OR THE CONNECTION TO THOSE IN NEED. INITIALLY, THE KAVOD FUND WILL FOCUS ON LENDING WITHIN THE JEWISH COMMUNITY. THE KAVOD FUND ANTICIPATES THAT THE LENDING PLATFORM WILL GAIN SUPPORT AND BEGIN MAKING LOANS QUICKLY WITHIN THE JEWISH COMMUNITY. LENDING INTEREST-FREE TO THOSE IN NEED IS A "MITZVAH" (AN OBLIGATION, AND A GOOD DEED) ACCORDING TO JEWISH LAW, AND INTEREST-FREE LENDING IS ALREADY COMMON INFORMALLY IN THE JEWISH COMMUNITY. THE GOAL OF THIS STRATEGY IS TO ENABLE THE KAVOD FUND TO UTILIZE ITS SIGNIFICANT TIES TO THE JEWISH COMMUNITY IN ORDER TO ESTABLISH A VIABLE NETWORK OF LENDERS AND BORROWERS. THE KAVOD FUND HOPES THAT THIS WILL HELP ESTABLISH A FOUNDATION OF CAPITAL THAT WILL ALLOW IT TO EXPAND ITS APPLICATION POOL TO INCLUDE OTHER NICHES AND EVENTUALLY, ALL POTENTIAL BORROWERS. LOAN PROGRAMS THE KAVOD FUND EXPECTS TO CONDUCT SIX DIFFERENT LENDING PROGRAMS, AND WILL EXPAND, MODIFY OR ELIMINATE PROGRAMS BASED ON NEED AND PERFORMANCE. THE PROGRAMS ARE: 1.EDUCATION LOAN PROGRAM - THIS PROGRAM IS DEDICATED TO FUNDING THE EDUCATIONAL PURSUITS OF ELIGIBLE BORROWERS. THE AIM OF THIS PROGRAM IS TO ENABLE DISADVANTAGED STUDENTS TO ENROLL IN AN ACCREDITED COLLEGE, LICENSED VOCATIONAL SCHOOL OR PROFESSIONAL PROGRAM. 2.DEBT FINANCING LOAN PROGRAM - LOANS PROVIDED IN CONNECTION WITH THIS PROGRAM ALLOW ELIGIBLE BORROWERS TO CONSOLIDATE EXISTING DEBT, INCLUDING EDUCATIONAL LOANS AND OTHER HIGH-INTEREST LOANS. 3.EMERGENCY LOAN PROGRAM - THIS PROGRAM PROVIDES LOANS IN ORDER TO AID ELIGIBLE BORROWERS IN EMERGENCY SITUATIONS. THE OBJECTIVE OF THIS PROGRAM IS TO SUPPORT ELIGIBLE BORROWERS IN NEED OF FOOD, CLOTHING OR SHELTER. 4.BUSINESS LOAN PROGRAM - THIS PROGRAM AIMS TO FUND THE BUSINESS INITIATIVES AND VENTURES OF ELIGIBLE BORROWERS. THE GOAL IS TO ALLOW DISADVANTAGED SMALL BUSINESS OWNERS TO BE ABLE TO EXPAND THEIR COMMERCIAL INITIATIVES. 5.NON-PROFIT/JEWISH INSTITUTION LOAN PROGRAM - THIS PROGRAM SERVES TO SUPPORT THE OPERATIONS AND PURPOSES OF JEWISH AND OTHER SECTION 501(C)(3) TAX-EXEMPT NON-PROFIT ORGANIZATIONS, SUCH AS SYNAGOGUES AND MUSEUMS. 6.PERSONAL LOAN PROGRAM - THIS PROGRAM SERVES TO PROVIDE FUNDS TO INDIVIDUALS WHO LACK THE FINANCIAL RESOURCES TO ADEQUATELY PROVIDE FOR THEIR FAMILIES. LOANS ISSUED UNDER THIS PROGRAM SHOULD BE USED TO PURCHASE NECESSARY ITEMS AND/OR SERVICES. THE KAVOD FUND WILL SCREEN LOAN APPLICATIONS FROM LOW-INCOME OR DISADVANTAGED INDIVIDUALS AND NONPROFIT ORGANIZATIONS IN NEED TO IDENTIFY POTENTIAL BORROWERS WHO HAVE LIMITED ACCESS TO CREDIT BUT APPEAR TO HAVE THE RESOURCES TO RE-PAY AN INTEREST-FREE LOAN ("ELIGIBLE BORROWERS"). THE GOAL IS TO HELP ELIMINATE POVERTY IN THE UNITED STATES AND ELSEWHERE BY PROVIDING FINANCIAL SUPPORT TO LOW-INCOME AND FINANCIALLY UNSTABLE INDIVIDUALS AND BUSINESSES. LENDERS WILL PAY A SMALL FEE - EQUALING A SMALL PERCENTAGE OF THE TOTAL AMOUNT OF THE LOAN - IN CONNECTION WITH EACH LOAN. THIS FEE WILL BE USED TO SUPPORT THE KAVOD FUND'S OPERATIONS. LENDERS WILL ALSO BE GIVEN THE OPTION TO DONATE TO A LOAN FUND MANAGED BY THE KAVOD FUND. THE KAVOD FUND WILL USE THESE DIRECT DONATIONS TO FINANCE THE VARIOUS LOAN PROGRAMS DESCRIBED ABOVE. FORM 990, PAGE 2, PART III, LINE 4D DEVELOPING AND MAINTAINING A WORKING WEBSITE. FORM 990, PAGE 6, PART VI, LINE 2 LEONARDO SIMPSER YANINE LIJTSZAIN PRESIDENT SECRETARY SPOUSE FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 11G BANK FEES & SERVICE CHARGES 445 0 0 DUES AND SUBSCRIPTIONS 130 0 0 INSURANCE 3,654 0 0 IT AND CONSULTING FEES 38,790 0 0 MEALS 57 0 0 PAYROLL FEE 796 0 0 PROGRAM EXPENSE 34,434 0 0 QUICKBOOKS FEE 1,475 0 0 SAAS INTEGRATION 2,400 0 0 SHIPPING & POSTAGE 61 0 0 SOCIAL MEDIA 420 0 0 SOFTWARE AND APPS 1,900 0 0 CONTRACT & PROFESSIONAL FEES 29,649 0 0 DONATIONS 0 0 76,793 TOTAL 114,211 0 76,793