Nonprofit · EIN 81-1016477
ISRAEL MEDICAL FUND CORP
Tax-exempt · LAKEWOOD, NJ 08701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,797,912 | $5,628,312 | $2,169,600 | $1,201,283 | $1,139,217 | $62,066 |
| December 31, 2023 | 990 | $12,675,667 | $13,649,178 | -$973,511 | $239,656 | $2,347,190 | -$2,107,534 |
| December 31, 2022 | 990 | $8,471,236 | $9,020,495 | -$549,259 | $1,964,920 | $1,310,031 | $654,889 |
| December 31, 2021 | 990 | $7,881,551 | $6,874,243 | $1,007,308 | $2,107,065 | $902,917 | $1,204,148 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,761,700
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $36,212
Expenses
- Grants and similar amounts paid
- $3,040,835
- Other salaries and wages
- $151,092
- Salaries, compensation and benefits (total)
- $166,070
- Professional fundraising fees
- $0
- Accounting fees
- $4,300
- Travel
- $11,485
- Program services (functional)
- $5,200,228
- Management and general (functional)
- $257,450
- Fundraising (functional)
- $170,634
Balance sheet and other
- Total assets, start of year
- $239,656
- Total assets, end of year
- $1,201,283
- Total liabilities, end of year
- $1,139,217
- Net assets, end of year
- $62,066
- Net assets without donor restrictions
- $62,066
- Gross receipts
- $7,797,912
- Employees
- 2
- Volunteers
- 80
- Year formed
- 2016
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| SHMUEL WALDMAN | PRESIDENT Trustee or director | 20 | $0 |
| SHOSHANA DESSLER-JACOBS | TRUSTEE Trustee or director | 20 | $0 |
| ESTHER WALDMAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHMUEL WALDMAN | PRESIDENT Trustee or director | 20 | $0 |
| SHOSHANA DESSLER-JACOBS | TRUSTEE Trustee or director | 20 | $0 |
| ESTHER WALDMAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHMUEL WALDMAN | PRESIDENT Trustee or director | 20 | $0 |
| SHOSHANA DESSLER-JACOBS | TRUSTEE Trustee or director | 20 | $0 |
| ESTHER WALDMAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHMUEL WALDMAN | PRESIDENT Trustee or director | 20 | $0 |
| SHOSHANA DESSLER-JACOBS | TRUSTEE Trustee or director | 20 | $0 |
| ESTHER WALDMAN | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5 AROSA HL, LAKEWOOD, NJ 08701-2133
- In care of
- % SHMUEL WALDMAN
- Principal officer (990 for 2024)
- SHMUEL WALDMAN, 5 AROSA HILL, LAKEWOOD, NJ 08701
- Signed the 990
- SHMUEL WALDMAN, PRESIDENT
- Phone
- (917) 453-4984
- Return prepared by
- KANAREK AND CO
Mission
To provide guidance and support to families with ill or physically disabled family members
Program accomplishments
- Sponsoring established non-profit organizations whose purpose is to provide guidance and support to families with ill or physically disabled adults and children, and providing medical support and recreational activities for the ill and the disabled.Expenses $5,200,228 · grants $3,040,835
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
- 81-1016477
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $1,201,283
- Income (IRS master file)
- $7,797,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,797,912 | $5,628,312 | $1,201,283 | XML |
| 990 | December 2023 | $12,675,667 | $13,649,178 | $239,656 | XML |
| 990 | December 2022 | $8,471,236 | $9,020,495 | $1,964,920 | XML |
| 990 | December 2021 | $7,881,551 | $6,874,243 | $2,107,065 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 81-1016477).
Questions about ISRAEL MEDICAL FUND CORP
- What is the EIN of ISRAEL MEDICAL FUND CORP?
- The employer identification number (EIN) of ISRAEL MEDICAL FUND CORP is 81-1016477.
- Is ISRAEL MEDICAL FUND CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ISRAEL MEDICAL FUND CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISRAEL MEDICAL FUND CORP 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 ISRAEL MEDICAL FUND CORP 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 ISRAEL MEDICAL FUND CORP 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 ISRAEL MEDICAL FUND CORP?
- The 990 for the year ended December 31, 2024 names SHMUEL WALDMAN.
- Who are the officers and directors of ISRAEL MEDICAL FUND CORP?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does ISRAEL MEDICAL FUND CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,797,912, expenses of $5,628,312 and total assets of $1,201,283 at year end.
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