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Nonprofit · EIN 26-4100821

FRIENDS OF LBS INC

Tax-exempt · N MYRTLE BCH, SC 29582

Financials

$1.9M$810K2022$4.7M$3.9M2023$2.2M$2.7M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF LBS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,247,635$2,706,818-$459,183$6,074,857$3,453,531$2,621,326
December 31, 2023990$4,702,943$3,883,634$819,309$6,592,400$4,632,388$1,960,012
December 31, 2022990$1,886,243$810,191$1,076,052$2,880,720$1,740,017$1,140,703
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,842,069
Program service revenue
$405,566
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,432,144
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$4,444
Accounting fees
$1,730
Occupancy
$188,021
Travel
$68
Program services (functional)
$2,693,204
Management and general (functional)
$13,614

Balance sheet and other

Total assets, start of year
$6,592,400
Total assets, end of year
$6,074,857
Total liabilities, end of year
$3,453,531
Net assets, end of year
$2,621,326
Land, buildings and equipment
$425,281
Net assets without donor restrictions
$2,621,326
Gross unrelated business income
$12
Gross receipts
$2,247,635
Employees
0
Volunteers
0
Year formed
2009
State of legal domicile
SC

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOSEPH SCHILDKRAUTDIRECTOR OF EDUCATIONAL INITIATIVES
Trustee or director, Officer
0$0
SARA GINSBURGSECRETARY/AGENT
Officer
8$0
ESTHER PARSHANBOARD MEMBER
Trustee or director
0$0
YECHIEL MICHAL BUTMANBOARD MEMBER
Trustee or director
0$0
YISROEL WOLOSOWPRESIDENT
Officer
0$0
DVORA BIDERMANBOARD MEMBER
Trustee or director
0$0
JACOB LIBERMANDIR OF SPECIAL INITIATIVES/AGENT/TREASURER
Trustee or director, Officer
0$0
ELI AIZENMANBOARD MEMBER
Trustee or director
0$0
JACOB BIDERMANBOARD MEMBER
Trustee or director
20$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
JOSEPH SCHILDKRAUTDIRECTOR OF EDUCATIONAL INITIATIVES
Officer
–$0
SARA GINSBURGSECRETARY/AGENT
Officer
–$0
ESTHER PARSHANBOARD MEMBER
Trustee or director
–$0
YECHIEL MICHAL BUTMANBOARD MEMBER
Trustee or director
–$0
YISROEL WOLOSOWPRESIDENT
Officer
–$0
DVORA BIDERMANBOARD MEMBER
Trustee or director
–$0
JACOB LIBERMANDIR OF SPECIAL INITIATIVES/AGENT/TREASURER
Officer
–$0
ELI AIZENMANBOARD MEMBER
Trustee or director
–$0
JACOB BIDERMANBOARD MEMBER
Trustee or director
–$0
990 for the year ended December 31, 2022: 6 people
NameTitleHours / weekCompensation
LEAH AIZENMANREGISTERED AGENT
Officer
0$0
SARA GINSBURGSECRETARY
Officer
0$0
ESTHER PARSHANPRESIDENT
Officer
0$0
YECHIEL MICHAL BUTMANTREASURER
Officer
0$0
YISROEL WOLOSOWDIRECTOR OF SPECIAL INITIATIVES
Trustee or director
0$0
DVORA BIDERMANDEVELOPMENT ADVISOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
603 MAIN ST, N MYRTLE BCH, SC 29582-3027
In care of
% ELIE C POLTO XAC
Mailing address (990-N for 2010)
2803 north oak street, myrtle beach SC 29577
Principal officer (990 for 2024)
SARA GINSBURG, 1433 PRESIDENT ST, BROOKLYN, NY 11213
Principal officer (990-N for 2010)
Yeshayahu Boas, hofzeile 18, Vienna Wien 1190, AU
Signed the 990
SARA GINSBURG, SECRETARY
Phone
(843) 448-2019
Return prepared by
Clear Accounting Solutions LLC

Mission

TO RAISE PUBLIC FUNDS TO DISTRIBUTE IN THE SUPPORT OF HIGHER EDUCATION OPPORTUNITIES FOR JEWISH YOUTH THROUGH SCHOLARSHIPS AND CHARITABLE GIVING TO EDUCATIONAL INSTITUTIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO RAISE PUBLIC FUNDS TO DISTRIBUTE IN THE SUPPORT OF HIGHER EDUCATION OPPORTUNITIES FOR JEWISH YOUTH THROUGH SCHOLARSHIPS AND CHARITABLE GIVING TO EDUCATIONAL INSTITUTES.
    Expenses $2,693,204 · grants $2,432,144 · revenue $2,247,635

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-4100821
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
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$6,074,857
Income (IRS master file)
$2,247,635

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,247,635$2,706,818$6,074,857IRS
990December 2023$4,702,943$3,883,634$6,592,400IRS
990December 2022$1,886,243$810,191$2,880,720XML
990December 2021$826,316$567,322$2,925,165IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2010
Officer: Yeshayahu Boas
December 31, 2010≤ $50,000 receipts––e-Postcard

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 26-4100821).

Questions about FRIENDS OF LBS INC

What is the EIN of FRIENDS OF LBS INC?
The employer identification number (EIN) of FRIENDS OF LBS INC is 26-4100821.
Is FRIENDS OF LBS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to FRIENDS OF LBS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF LBS 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 FRIENDS OF LBS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDS OF LBS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FRIENDS OF LBS INC?
The 990 for the year ended December 31, 2024 names SARA GINSBURG.
Who are the officers and directors of FRIENDS OF LBS INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does FRIENDS OF LBS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,247,635, expenses of $2,706,818 and total assets of $6,074,857 at year end.

Other nonprofits in N MYRTLE BCH

All nonprofits in N MYRTLE BCH · South Carolina · Education