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Nonprofit · EIN 47-3404833

SHMITAH FUND INC

Tax-exempt (reinstated) · SUFFERN, NY 10901

Financials

$76K$13K2023$128K$43K2024
Revenue Expenses · by fiscal year end
Financials of SHMITAH FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$127,593$43,453$84,140$360,263$0$360,263
December 31, 2023990$75,938$13,482$62,456$276,122$0$276,122
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$127,593
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$13,333
Program services (functional)
$13,333
Management and general (functional)
$120
Fundraising (functional)
$30,000

Balance sheet and other

Total assets, start of year
$276,122
Total assets, end of year
$360,263
Total liabilities, end of year
$0
Net assets, end of year
$360,263
Net assets without donor restrictions
$360,263
Gross receipts
$127,593
Employees
0
Volunteers
0
Year formed
2015
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.

NameTitleHours / weekCompensation
EUGENE MARKOWITZPRESIDENT & TRUSTEE
Trustee or director, Officer
10$0
PERRY IRA DAVISTRUSTEE
Trustee or director
2$0
DAVE MATKOWSKYTRUSTEE
Trustee or director
2$0
DAVID YANIVSECRETARY
Officer
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
EUGENE MARKOWITZPRESIDENT & TRUSTEE
Trustee or director, Officer
10$0
PERRY IRA DAVISTRUSTEE
Trustee or director
2$0
DAVE MATKOWSKYTRUSTEE
Trustee or director
2$0
DAVID YANIVSECRETARY
Officer
2$0

Address and contacts

Address (IRS master file)
4 CAMBERRA DR, SUFFERN, NY 10901-2800
Mailing address (990-N for 2021)
4 CAMBERRA DRIVE, SUFFERN NY 10901
Principal officer (990 for 2024)
EUGENE MARKOWITZ, 4 CAMBERRA DRIVE, SUFFERN, NY 10901
Principal officer (990-N for 2021)
EUGENE MARKOWITZ, 4 CAMBERRA DRIVE, SUFFERN NY 10901
Signed the 990
EUGENE MARKOWITZ, PRESIDENT
Phone
(888) 675-6694
Return prepared by
HIRSCH OELBAUM BRAM HANOVER CPAS

Mission

TO PROMOTE THE OBSERVANCE OF THE JEWISH LAWS RELATING TO THE SHMITTAH - SABBATICAL YEAR,IN WHICH FARMING & AGRICULTURAL ACTIVITY IS FORBIDDEN IN THE LAND OF ISRAEL, THROUGH EDUCATION AND THE PROVIDING OF CRITICAL FINANCIAL ASSISTANCE.

990 for the year ended December 31, 2024

Program accomplishments

  • TO EDUCATE ISRAELI FARMERS IN THE PROPER OBSERVANCE OF THE JEWISH LAWS REGARDING THE SABBATICAL - SHMITTAH YEAR IN ISRAEL, AND PROVIDE THEM WITH CRITICAL FINANCIAL ASSISTANCE
    Expenses $13,333

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
47-3404833
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$360,263
Income (IRS master file)
$127,593

Revocation and reinstatement

Exemption revoked
August 15, 2017
Posted by the IRS
November 13, 2017
Reinstated
Effective May 15, 2021

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$127,593$43,453$360,263XML
990December 2023$75,938$13,482$276,122XML
990December 2022$237,606$40,265$213,666IRS
990-N for 2021
Officer: EUGENE MARKOWITZ
December 31, 2021≤ $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 47-3404833).

Questions about SHMITAH FUND INC

What is the EIN of SHMITAH FUND INC?
The employer identification number (EIN) of SHMITAH FUND INC is 47-3404833.
Is SHMITAH FUND INC tax-exempt?
Yes. The IRS revoked its exemption on August 15, 2017 and reinstated it effective May 15, 2021.
Are donations to SHMITAH FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SHMITAH FUND 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 SHMITAH FUND 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 SHMITAH FUND 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 SHMITAH FUND INC?
The 990 for the year ended December 31, 2024 names EUGENE MARKOWITZ.
Who are the officers and directors of SHMITAH FUND INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does SHMITAH FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $127,593, expenses of $43,453 and total assets of $360,263 at year end.

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