Nonprofit · EIN 47-2357647
FOUNDATION 70 INC
Tax-exempt · WOODMERE, NY 11598
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $486,941 | $554,722 | -$67,781 | $158,334 | $1,211 | $157,123 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $361,695
- Program service revenue
- $125,246
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $215,000
- Salaries, compensation and benefits (total)
- $308,957
- Professional fundraising fees
- $0
- Accounting fees
- $7,487
- Program services (functional)
- $499,370
- Management and general (functional)
- $12,310
- Fundraising (functional)
- $43,042
Balance sheet and other
- Total assets, start of year
- $225,362
- Total assets, end of year
- $158,334
- Total liabilities, end of year
- $1,211
- Net assets, end of year
- $157,123
- Net assets without donor restrictions
- $157,123
- Gross receipts
- $486,941
- Employees
- 2
- Volunteers
- 2
- Year formed
- 2014
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RABBI JACOB TAUBER | PRESIDENT Trustee or director, Officer | 40 | $140,000 | $60,000 |
| BARUCH GORKIN | DIRECTOR Trustee or director, Officer | 14 | $75,000 | $15,000 |
| DANIEL BRANOVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AVI FEINBERG ESQUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ALEX LOSEV | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1044 MORA PL, WOODMERE, NY 11598-1114
- Mailing address (990-N for 2022)
- 1490 Union Street, Brooklyn NY 11213
- Principal officer (990 for 2024)
- RABBI JACOB TAUBER, 1044 MORA PLACE, WOODMERE, NY 11598
- Principal officer (990-N for 2022)
- Jacob Tauber, 1044 Mora Place, Woodmere NY 11598
- Signed the 990
- RABBI JACOB TAUBER, PRESIDENT
- Phone
- (516) 612-0701
- Return prepared by
- BILLET FEIT & PREIS CPA PC
Mission
CREATING, PUBLISHING AND PROMOTING BOOKS AND OTHER EDUCATIONAL MATERIALS RELATING TO JUDAIC TEACHINGS AND CULTURE.
Program accomplishments
- CREATING, PUBLISHING AND PROMOTING BOOKS AND OTHER EDUCATIONAL MATERIALS RELATING TO JUDAIC TEACHINGS AND CULTURE.Expenses $499,370 · revenue $125,246
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2357647
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X30)
- Assets (IRS master file)
- $158,334
- Income (IRS master file)
- $486,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $500,400 | $269,418 | $225,362 | IRS |
| 990-N for 2022 Officer: Jacob Tauber | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FOUNDATION 70 INC
- What is the EIN of FOUNDATION 70 INC?
- The employer identification number (EIN) of FOUNDATION 70 INC is 47-2357647.
- Is FOUNDATION 70 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to FOUNDATION 70 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION 70 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 70 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 FOUNDATION 70 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 FOUNDATION 70 INC?
- The 990 for the year ended December 31, 2024 names RABBI JACOB TAUBER.
- Who are the officers and directors of FOUNDATION 70 INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $140,000 (RABBI JACOB TAUBER, PRESIDENT).
- How much revenue does FOUNDATION 70 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $486,941, expenses of $554,722 and total assets of $158,334 at year end.
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