Nonprofit · EIN 56-2307777
SEPHARDIC FOOD FUND INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $4,557,995 | $4,547,539 | $10,456 | $3,110,344 | $0 | $3,110,344 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $4,410,515
- Program service revenue
- $0
- Investment income
- $147,480
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,979,040
- Compensation of officers, directors and key employees
- $166,608
- Other salaries and wages
- $143,800
- Salaries, compensation and benefits (total)
- $404,376
- Professional fundraising fees
- $0
- Accounting fees
- $44,216
- Occupancy
- $10,494
- Travel
- $7,920
- Program services (functional)
- $4,400,877
- Management and general (functional)
- $71,397
- Fundraising (functional)
- $75,265
Balance sheet and other
- Total assets, start of year
- $3,104,180
- Total assets, end of year
- $3,110,344
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,110,344
- Net assets without donor restrictions
- $3,110,344
- Gross receipts
- $4,557,995
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2003
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND SULTAN | DIRECTOR Trustee or director | 40 | $166,608 |
| DAVID SITT | EXECUTIVE DIRECTOR Trustee or director | 10 | $0 |
| ELLIOT SUTTON | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 8 WEST 40TH STREET 4TH FLOOR, NEW YORK, NY 10018-2278
- In care of
- % MIDDLEGATE SECURITIES
- Principal officer (990 for 2023)
- ELLIOT SUTTON, 8 WEST 40TH ST FL 4, NEW YORK, NY 10018
- Signed the 990
- ELLIOT SUTTON, VICE-PRESIDENT
- Phone
- (212) 382-9500
- Website
- WWW.THESFF.ORG
- Return prepared by
- LESHKOWITZ & COMPANY LLP
Mission
TO RECEIVE AND MAINTAIN FUNDS TO BE USED FOR CHARITABLE PURPOSES, INCLUDING, BUT NOT LIMITED TO, PROVIDING FOOD TO THE NEEDY.
Program accomplishments
- THE ORGANIZATION PROVIDES CREDIT CARDS TO BE USED BY NEEDY FAMILIES IN ORDER TO PURCHASE FOOD AND BASIC NECESSITIES. THE CREDIT CARDS HAVE A PREDETERMINED MONTHLY BALANCE RESTRICTED FOR USE AT FOOD STORES.Expenses $4,400,877 · grants $3,979,040
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2307777
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K31)
- Assets (IRS master file)
- $3,110,344
- Income (IRS master file)
- $4,557,995
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $4,557,995 | $4,547,539 | $3,110,344 | XML |
| 990 | December 2022 | $4,924,279 | $3,841,922 | $3,104,180 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 56-2307777).
Questions about SEPHARDIC FOOD FUND INC
- What is the EIN of SEPHARDIC FOOD FUND INC?
- The employer identification number (EIN) of SEPHARDIC FOOD FUND INC is 56-2307777.
- Is SEPHARDIC FOOD FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to SEPHARDIC FOOD FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEPHARDIC FOOD 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 SEPHARDIC FOOD 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 SEPHARDIC FOOD FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of SEPHARDIC FOOD FUND INC?
- The 990 for the year ended December 31, 2023 names ELLIOT SUTTON.
- Who are the officers and directors of SEPHARDIC FOOD FUND INC?
- The 990 for the year ended December 31, 2023 lists 3 people; 1 received compensation from the organization, the highest $166,608 (RAYMOND SULTAN, DIRECTOR).
- How much revenue does SEPHARDIC FOOD FUND INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $4,557,995, expenses of $4,547,539 and total assets of $3,110,344 at year end.
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