Nonprofit · EIN 11-2553513
FOUNDATION FOR SEPHARDIC STUDIES INC
Tax-exempt · BROOKLYN, NY 11223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990 | $3,005,633 | $3,072,308 | -$66,675 | $3,826,801 | $823,656 | $3,003,145 |
| November 30, 2023 | 990 (amended) | $2,221,688 | $2,162,409 | $59,279 | $3,912,421 | $842,601 | $3,069,820 |
Financial details: 990 for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $2,791,815
- of which government grants
- $150,000
- Program service revenue
- $213,818
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $253,543
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $870,349
- Salaries, compensation and benefits (total)
- $870,349
- Professional fundraising fees
- $0
- Accounting fees
- $25,400
- Occupancy
- $265,320
- Depreciation
- $168,867
- Program services (functional)
- $1,924,077
- Management and general (functional)
- $626,124
- Fundraising (functional)
- $522,107
Balance sheet and other
- Total assets, start of year
- $3,912,421
- Total assets, end of year
- $3,826,801
- Total liabilities, end of year
- $823,656
- Net assets, end of year
- $3,003,145
- Land, buildings and equipment
- $3,533,611
- Net assets without donor restrictions
- $3,003,145
- Gross receipts
- $3,005,633
- Employees
- 15
- Year formed
- 1980
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOLOMON FALLAS | PRESIDENT Trustee or director | 5 | $0 |
| SEYMOUR SAMMELL | TREASURER Trustee or director | 5 | $0 |
| RAYMOND GINDI | SECRETARY/DIRECTOR Trustee or director | 5 | $0 |
| ISAAC GINDI | SECRETARY/DIRECTOR Trustee or director | 5 | $0 |
| NORMAN MANDEL | OPERATION FIN. RESOURCE DIRECTOR Trustee or director, Officer | 40 | $0 |
990 for the year ended November 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN MANDEL | OPERATION FIN. RESOURCE DIRECTOR Trustee or director, Officer | 40 | $76,667 |
| SOLOMON FALLAS | PRESIDENT Trustee or director | 5 | $0 |
| SEYMOUR SAMMELL | TREASURER Trustee or director | 5 | $0 |
| RAYMOND GINDI | SECRETARY/DIRECTOR Trustee or director | 5 | $0 |
| ISAAC GINDI | SECRETARY/DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 730 AVENUE S, BROOKLYN, NY 11223-3152
- Principal officer (990 for 2023)
- NORMAN MANDEL, 730 AVENUE S, BROOKLYN, NY 11223
- Signed the 990
- NORMAN MANDEL, BOARD MEMBER
- Phone
- (718) 382-6688
- Return prepared by
- BB TAX & ADVISORY INC
Mission
FOUNDATION HAS BEEN DEDICATED TO ENHANCE AND PROMOTING THE CULTURE OF THE SEPHARDIC JEWISH COMMUNITIES.
Program accomplishments
- OPERATION OF A FULL SERVICE SYNAGOGUE AND ALL RELATED ACTIVITIES DAILY RELIGIOUS SERVIVES LECTURESRELIGIOUS EDUCATION YOUTH PROGRAMS AND ACTIVITIES HOLIDAY CELEBRATIONS ETC.Expenses $1,924,077 · revenue $2,641,815
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2553513
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,826,801
- Income (IRS master file)
- $3,005,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2024 | $3,005,633 | $3,072,308 | $3,826,801 | XML |
| 990 | November 2023 | $2,221,688 | $2,162,409 | $3,912,421 | XML |
| 990 | November 2022 | $1,720,510 | $2,024,381 | $3,870,313 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2019 | – | – | – | IRS |
| 990 | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2553513).
Questions about FOUNDATION FOR SEPHARDIC STUDIES INC
- What is the EIN of FOUNDATION FOR SEPHARDIC STUDIES INC?
- The employer identification number (EIN) of FOUNDATION FOR SEPHARDIC STUDIES INC is 11-2553513.
- Is FOUNDATION FOR SEPHARDIC STUDIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to FOUNDATION FOR SEPHARDIC STUDIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR SEPHARDIC STUDIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR SEPHARDIC STUDIES INC due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR SEPHARDIC STUDIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2024.
- Who is the principal officer of FOUNDATION FOR SEPHARDIC STUDIES INC?
- The 990 for the year ended November 30, 2024 names NORMAN MANDEL.
- Who are the officers and directors of FOUNDATION FOR SEPHARDIC STUDIES INC?
- The 990 for the year ended November 30, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR SEPHARDIC STUDIES INC have?
- On its 990 for the year ended November 30, 2024 it reported revenue of $3,005,633, expenses of $3,072,308 and total assets of $3,826,801 at year end.
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