GOLD2023

Fund for Israels Tomorrow

aka Thank Israeli Soldiers   |   Hollywood, FL   |  https://thankisraelisoldiers.org/
GuideStar Charity Check

Fund for Israels Tomorrow

EIN: 35-2374190


Mission

THE ORGANIZATION SUPPORTS THE EDUCATION, WELFARE, AND WELL-BEING OF YOUNG ADULT ISRAELIS DURING AND AFTER THEIR MILITARY SERVICE AND FOSTERS CULTURAL AWARENESS AND UNDERSTANDING BETWEEN ISRAELIS AND AMERICANS.

Ruling year info

2010

Principal Officer

Mimi Jankovits

Main address

3389 Sheridan St #488

Hollywood, FL 33021 USA

Show more contact info

EIN

35-2374190

Subject area info

Education

International relations

Population served info

Young adults

Military personnel

NTEE code info

Fund Raising and/or Fund Distribution (Q12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Momentum

Momentum is revolutionizing Israeli society and developing the next generation of great Israeli leadership through our civilian training model.
As "new" members of society, the discharged soldiers face a range of personal, emotional, professional, educational and fiscal concerns which many are unprepared to address.

Population(s) Served
Young adults
Military personnel

Where we work

Financials

Fund for Israels Tomorrow
Fiscal year: Jan 01 - Dec 31
Financial documents
2021
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020 info

SOURCE: IRS Form 990

24.66

Average of 14.33 over 10 years

Months of cash in 2020 info

SOURCE: IRS Form 990

2.4

Average of 3.3 over 10 years

Fringe rate in 2020 info

SOURCE: IRS Form 990

8%

Average of 6% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

Fund for Israels Tomorrow

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

Fund for Israels Tomorrow

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Fund for Israels Tomorrow

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of Fund for Israels Tomorrow’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2016 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation -$13,987 $126,229 -$83,697 $175,763 -$274,580
As % of expenses -0.8% 6.7% -7.7% 23.3% -29.9%
Unrestricted surplus (deficit) after depreciation -$13,987 $126,229 -$83,697 $175,763 -$274,580
As % of expenses -0.8% 6.7% -7.7% 23.3% -29.9%
Revenue composition info
Total revenue (unrestricted & restricted) $1,645,205 $2,072,071 $987,053 $910,610 $623,720
Total revenue, % change over prior year -12.3% 25.9% -52.4% -7.7% -31.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 100.0% 100.0% 100.0% 100.0%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $1,679,192 $1,875,842 $1,090,750 $754,847 $918,300
Total expenses, % change over prior year -10.9% 11.7% -41.9% -30.8% 21.7%
Personnel 4.6% 4.9% 2.4% 3.4% 2.8%
Professional fees 4.1% 4.0% 7.2% 4.6% 2.4%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 89.4% 87.5% 87.2% 87.4% 91.6%
All other expenses 1.9% 3.5% 3.3% 4.5% 3.2%
Full cost components (estimated) info 2016 2017 2018 2019 2020
Total expenses (after depreciation) $1,679,192 $1,875,842 $1,090,750 $754,847 $918,300
One month of savings $139,933 $156,320 $90,896 $62,904 $76,525
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,819,125 $2,032,162 $1,181,646 $817,751 $994,825

Capital structure indicators

Liquidity info 2016 2017 2018 2019 2020
Months of cash 1.8 2.4 3.3 7.4 2.4
Months of cash and investments 1.8 2.4 3.3 7.4 2.4
Months of estimated liquid unrestricted net assets 1.7 2.3 3.0 7.2 2.3
Balance sheet composition info 2016 2017 2018 2019 2020
Cash $251,234 $370,443 $299,087 $465,373 $183,837
Investments $0 $0 $0 $0 $0
Receivables $10,000 $80,000 $60,000 $40,000 $20,000
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 7.1% 2.6% 6.7% 2.9% 3.7%
Unrestricted net assets $232,666 $358,895 $275,198 $450,961 $176,381
Temporarily restricted net assets $10,000 $80,000 $60,000 N/A N/A
Permanently restricted net assets $0 $0 $0 N/A N/A
Total restricted net assets $10,000 $80,000 $60,000 $40,000 $20,000
Total net assets $242,666 $438,895 $335,198 $490,961 $196,381

Key data checks

Key data checks info 2016 2017 2018 2019 2020
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Mimi Jankovits

Number of employees

Source: IRS Form 990

Fund for Israels Tomorrow

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
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There are no highest paid employees recorded for this organization.

Fund for Israels Tomorrow

Board of directors
as of 01/22/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Pamela Fox

Organizational demographics

SOURCE: Self-reported; last updated 1/22/2023

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Gender identity
Female

Race & ethnicity

No data

Gender identity

 

Sexual orientation

No data

Disability

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser