American Society For Technion- Israel Institute Of Technology Inc in New York, New York (NY)

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American Society For Technion- Israel Institute Of Technology Inc
Employer Identification Number (EIN)130434195
Name of OrganizationAmerican Society For Technion- Israel Institute Of Technology Inc
In Care of NameAnita Enriquez
Address55 East 59th Street, New York, NY 10022-1112
ActivitiesOther school related activities, Fundraising, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization, Educational Organization
Ruling Date10/1956
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$504,399,867
Amount of Income$213,781,988
Form 990 Revenue Amount$91,660,482
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Development, Relief Services


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Amount of income in 2013: $213,781,988
This organization: 

 $213,781,988
Other organizations performing similar types of work: 

 $335,397

Assets in 2013: $504,399,867
This organization: 

 $504,399,867
Other organizations performing similar types of work: 

 $194,693

Expenses in 2013: $69,614,682
American Society For Technion- Israel Institute Of Technology Inc: 

 $69,614,682
Other organizations performing similar types of work: 

 $338,563

Income to expenses ratio in 2013: 3.1
This organization: 

 3.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 74.8%
This organization: 

 74.8%
Other organizations performing similar types of work: 

 86.2%

Number of employees in 2013: 92
American Society For Technion- Israel Institute Of Technology Inc: 

 92
Other organizations performing similar types of work: 

 3

Employees paid over $100,000 in 2013: 38.0%
American Society For Technion- Israel Institute Of Technology Inc: 

 38.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 85.9%
This organization: 

 85.9%
Other organizations performing similar types of work: 

 99.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?YesNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?YesNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096351315
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return9392
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoYes
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$3,080,786$2,584,347
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$698,103$747,316
Total number of individuals who received more than $100,000 of reportable compensation from the organization2528
Total number of independent contractors who received more than $100,000 of compensation from the organization67
Statement of Revenue
201120122013
Total revenue$83,480,782$84,878,876$91,660,482
Contributions, Gifts, Grants and Other Similar Amounts$67,200,700$65,391,706$78,732,133
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6,855,933$8,940,797$8,006,914
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$9,430,550$10,555,128$4,934,800
Gross amount from sales of assets other than inventory (Securities / Other)$88,503,806 / $0$64,617,418 / $0$126,532,985 / $480,356
Less: cost or other basis and sales expenses (Securities / Other)$79,073,256 / $0$54,062,290 / $0$121,598,185 / $480,356
Gain or (loss) (Securities / Other)$9,430,550 / $0$10,555,128 / $0$4,934,800 / $0
Net income/loss from fundraising events$-6,401$-8,755$-13,365
Gross income from fundraising events$15,100$23,625$29,600
Less: direct expenses$21,501$32,380$42,965
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$63,801,420$78,851,179$69,614,682
Grants and other assistance to domestic organizations and domestic governments$77,554$41,654
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$60,282,782$49,839,532
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,662,866$1,824,558$1,881,890
Compensation not included above, to disqualified persons$326,262$0
Other salaries and wages$6,950,745$6,706,204$7,163,919
Pension plan accruals and contributions$799,762$764,639
Other employee benefits$1,629,069$1,644,253
Payroll taxes$568,673$578,914$586,834
Fees for services (non-employees)
Management$96,000$96,000
Legal$210,109$147,736
Accounting$157,125$158,018
Lobbying$0$0
Professional fundraising services$42,000$42,000$0
Investment management fees$779,522$1,048,189
Other$347,214$513,294
Advertising and promotion$734,249$702,888
Office expenses$611,591$596,157
Information technology$0$0
Royalties$0$0
Occupancy$972,793$794,205
Travel$1,051,242$863,847
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$594,852$718,650
Interest$0$142,534
Payments to affiliates$0$0
Depreciation, depletion, and amortization$800,450$395,052
Insurance$203,239$208,631
Other expenses$0$1,280,896
Other expenses$0$25,864
Balance Sheet
201120122013
Total assets$449,631,999$475,223,419$504,399,867
Cash - non-interest-bearing$175,378$2,776,223
Savings and temporary cash investments$57,923,706$31,916,421
Pledges and grants receivable, net$92,439,123$110,238,774
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$51,564,171$50,083,979
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$2,366,481$2,143,154
Land, buildings, and equipment: cost or other basis$9,239,572$8,954,807
Investments - publicly traded securities$172,289,672$160,162,513
Investments - other securities$63,565,792$106,959,362
Investments - program-related$0$0
Intangible assets$0$0
Other assets$25,659,524$31,164,634
Total liabilities$48,766,666$44,647,264$43,282,384
Accounts payable and accrued expenses$4,318,794$8,119,101
Grants payable$1,419,569$1,428,587
Deferred revenue$0$0
Tax-exempt bond liabilities$11,660,000$11,300,000$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$11,300,000
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$27,608,901$22,434,696
Total net assets or fund balances$400,865,333$430,576,155$461,117,483
Unrestricted net assets$21,732,723$21,739,736
Temporarily restricted net assets$151,975,739$160,117,900
Permanently restricted net assets$256,867,693$279,259,847
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$286,374,011
Subtotal Support$340,435,387
Gifts, grants, contributions, and membership fees received$340,435,387
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$54,061,376
Total Support$375,232,779
Public Support$340,435,387
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$31,684,424
Net income from unrelated business activities, whether or not the business is regularly carried on$3,003,444
Other income. Do not include gain or loss from the sale of capital assets$109,524
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$65,593,077$75,997,847$71,953,132$79,681,064$97,378,961$107,326,748$100,152,789$92,954,553
Contributions, gifts, grants, and similar amounts received$47,366,354$62,138,177$60,603,032$60,478,268$77,212,300$79,267,333$64,027,910$67,800,522
Contributions to donor advised funds$42,437$377,062
Direct public support$47,366,354$62,138,177$60,603,032$60,478,268$77,212,300$79,267,333$63,985,473$67,423,460
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$37,414$50,832$5,008,652$3,392,100
Dividends and interest from securities$11,690,015$8,169,215$6,783,393$7,164,541$8,237,536$8,639,264$3,256,342$0
Net rental income or (loss)$920,019$-299,278$0$0$0$0$0$0
Gross rents$1,724,846$905,419$0$0$0$0$0$0
Less: rental expenses$804,827$1,204,697$0$0$0$0$0$0
Other investment income$0$0$0$0$0$1,301,503$1,486,482$2,193,600
Gain or (loss) from sales of assets other than inventory$5,674,079$6,028,306$4,653,338$12,079,207$11,971,546$18,080,239$26,375,819$19,574,779
Gross amount from sales of assets other than inventory$373,502,743$524,770,475$652,699,447$569,675,603$434,698,476$449,655,332$534,705,129$102,411,371
Less: cost or other basis and sales expenses$367,828,664$518,742,169$648,046,109$557,596,396$422,726,930$431,575,093$508,329,310$82,836,592
Net income or (loss) from special events and activities$-57,390$-38,573$-86,631$-41,708$-79,835$-12,423$-2,416$-6,448
Gross revenue$48,390$92,608$86,216$46,180$74,890$9,300$61,440$17,821
Less: direct expenses other than fundraising expenses$105,780$131,181$172,847$87,888$154,725$21,723$63,856$24,269
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$756$0$0$0$0
Total expenses$53,442,504$55,541,121$58,154,766$58,964,646$62,298,672$69,559,397$78,362,322$84,699,602
Program services$39,053,980$40,703,622$42,316,628$43,041,113$44,945,767$51,395,608$58,332,641$63,326,542
Management and general$5,516,388$5,617,234$6,538,604$6,553,901$7,199,351$7,818,541$9,053,527$9,388,824
Fundraising$8,872,136$9,220,265$9,299,534$9,369,632$10,153,554$10,345,248$10,976,154$11,984,236
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$267,823,697$273,579,984$305,293,192$330,239,662$371,750,870$411,764,238$439,896,386$375,459,886
Excess or (deficit) for the year$12,150,573$20,456,726$13,798,366$20,716,418$35,080,289$37,767,351$21,790,467$8,254,951
Net assets or fund balances at beginning of year$271,915,526$267,823,697$273,579,984$305,293,192$330,239,662$371,750,870$411,764,238$439,896,386
Other changes in net assets or fund balances$-16,242,402$-14,700,439$17,914,842$4,230,052$6,430,919$2,246,017$6,341,681$-72,691,451
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$84,699,602$63,326,542$9,388,824$11,984,236
Grants paid from donor advised funds$284,866
Other grants and allocations$63,041,676
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,717,259$0$1,187,139$530,120
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$7,477,149$0$2,401,406$5,075,743
Pension plan contributions not included above$872,479$0$290,288$582,191
Employee benefits not included above$1,367,684$0$427,482$940,202
Payroll taxes$674,377$0$270,226$404,151
Professional fundraising fees$0$0$0$0
Accounting fees$121,526$0$121,526$0
Legal fees$173,595$0$173,595$0
Supplies$164,503$0$65,801$98,702
Telephone$233,890$0$93,556$140,334
Postage and shipping$204,650$0$81,860$122,790
Occupancy$833,505$0$325,372$508,133
Equipment rental and maintenance$103,434$0$103,434$0
Printing and publications$1,332,557$0$239,527$1,093,030
Travel$1,337,221$0$416,387$920,834
Conferences, conventions, and meetings$416,924$0$0$416,924
Interest$311,286$0$121,402$189,884
Depreciation, depletion, etc.$486,950$0$205,922$281,028
Other expenses not covered above$3,544,071$0$2,863,901$680,170
Balance Sheets
20002001200220032004200520062007
Total assets$295,543,513$301,545,814$357,332,918$374,473,957$422,119,594$465,002,550$493,148,194$429,304,455
Cash - non-interest-bearing$449,912$4,240,897$8,398,333$5,340,330$4,098,348$6,055,662$2,408,848$2,539,579
Savings and temporary cash investments$31,583,968$36,985,545$36,586,625$26,876,777$49,838,400$71,617,335$66,147,007$41,853,116
Accounts receivable less allowance for doubtful accounts$41,227,106$45,738,506$57,336,977$72,908,101$89,719,267$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$90,404,131$85,884,080$88,749,313
Grants receivable$0$21,744,415$21,829,966$21,989,197$23,018,862$0$24,271,574$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$929,130$2,187,503$1,459,479$835,020$698,554$549,796$957,470$307,948
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$557,130$538,559$2,074,245$2,645,451$3,137,034$3,206,043
Investments - publicly-traded securities$235,376,332$138,219,686
Investments - other securities$0$0$0$0$192,847,105$203,048,992$60,354,802$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$180,190,417$176,742,974$214,636,208$229,150,138$45,471,030$54,040,379$979,000$118,722,075
Land, buildings, and equipment less accumulated depreciation$10,040,611$10,369,446$12,450,960$12,140,422$11,780,749$11,437,055$11,050,825$10,703,163
Other assets, including program-related investments$31,122,369$3,536,528$4,077,240$4,695,413$2,573,034$25,203,749$2,581,222$25,003,532
Total liabilities$27,719,816$27,965,830$52,039,726$44,234,295$50,368,724$53,238,312$53,251,808$53,844,569
Accounts payable and accrued expenses$2,165,485$2,538,525$3,101,198$2,843,318$4,543,377$4,780,561$5,238,438$5,956,837
Grants payable$3,698,279$432,218$8,217,380$663,239$1,648,485$2,695,288$1,654,009$815,853
Deferred revenue$96,965$37,474$57,164$125,433$45,737$47,314$27,242$17,532
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$12,685,000
Mortgages and other notes payable$0$0$13,325,000$13,325,000$13,325,000$13,325,000$13,010,000$0
Other liabilities$21,759,087$24,957,613$27,338,984$27,277,305$30,806,125$32,390,149$33,322,119$34,369,347
Total liabilities and net assets/fund balances$295,543,513$301,545,814$357,332,918$374,473,957$422,119,594$465,002,550$493,148,194$429,304,455
Total net assets or fund balances$267,823,697$273,579,984$305,293,192$330,239,662$371,750,870$411,764,238$439,896,386$375,459,886
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$65,593,077$75,997,847$71,953,132$79,681,064$97,378,961$107,326,748$100,152,789$92,954,553
Total revenue, gains, and other support per audited financial statements$57,454,094$61,496,061$90,290,108$84,174,299$104,263,078$108,460,582$104,540,659$31,803,130
Other expenses$-7,500,653$-13,866,957$19,086,429$5,436,916$8,063,991$2,246,017$6,341,681$-6,150,208
Net unrealized gains on investments$0$0$0$0$8,396,824$-402,573$7,727,932$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$-7,500,653$-13,866,957$19,086,429$5,436,916$-332,833$2,648,590$-1,386,251$-6,150,208
Other revenue$638,330$634,829$749,453$943,681$1,179,874$1,112,183$1,953,811$55,001,215
Investment expenses$0$0$749,453$943,681$1,179,874$1,112,183$1,343,185$1,345,386
Other$638,330$634,829$0$0$0$0$610,626$53,655,829
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$53,442,504$55,541,121$58,154,766$58,964,646$62,298,672$69,559,397$78,362,322$84,699,602
Total expenses and losses per audited financial statements$53,442,504$55,541,121$57,405,313$58,020,965$61,118,798$68,447,214$76,408,511$82,507,314
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$749,453$943,681$1,179,874$1,112,183$1,953,811$2,192,288
Investment expenses$0$0$749,453$943,681$1,179,874$1,112,183$1,343,185$1,345,386
Other$0$0$0$0$0$0$610,626$846,902
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$498,275$194,637$0
40$271,329$49,547$0
40$221,996$55,631$0
40$210,395$45,180$0
40$136,244$34,025$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings84
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200698
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$2,193,600$22,960,431$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$3,392,100$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment incomeOther financial vehicles$2,193,60000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$19,574,779$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-6,448$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$210,104$45,554$0
$198,828$43,574$0
$197,449$43,353$0
$201,708$36,457$0
$197,980$36,579$0
Total number of other employees paid over $50,00079
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?Yes
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$10
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$2,500,946
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$55,562,241$56,876,031$65,847,673$55,935,156$52,102,976$68,768,391$88,583,368$76,938,514
Gifts, grants, and contributions received$47,871,568$45,059,633$57,626,777$49,004,561$44,907,144$60,401,134$78,582,469$68,547,961
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$67,950$48,390$92,608$86,216$46,180$74,890$9,300$71,150
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$7,622,723$11,768,008$8,128,288$6,844,379$7,148,896$8,292,367$9,991,599$8,319,403
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$756$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$21,936,001$0$21,936,007
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$21,936,001$25$21,936,007
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$349,358
Compensation of officers, directors, and trustees$1,332
Salaries and wages$3,345
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$335,500
Charitable contributions$35
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$9,146
Unrelated business taxable income$1,843,242
Unrelated business taxable income before net operating loss deduction$1,844,242
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$1,844,242
Specific deduction$1,000
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3Torah Schools For Israel40 Exchange Pl Ste 1403, New York, NY 10005-2738NY1960-06$1,452,973
4World Rehabilitation Fund Inc16 E 40th St Rm 704, New York, NY 10016-0113NY1962-04$724,317
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Number of organizations performing similar types of work
Alaska4
Alabama8
Arkansas5
Arizona14
California162
Colorado24
Connecticut13
District of Columbia84
Delaware3
Florida64
Georgia38
Hawaii10
Iowa2
Idaho6
Illinois49
Indiana23
Kansas10
Kentucky13
Louisiana11
Massachusetts39
Maryland45
Maine6
Michigan44
Minnesota35
Missouri13
Mississippi11
Montana2
North Carolina26
North Dakota3
Nebraska2
New Hampshire7
New Jersey36
New Mexico4
Nevada3
New York136
Ohio33
Oklahoma14
Oregon16
Pennsylvania39
Rhode Island3
South Carolina9
South Dakota1
Tennessee24
Texas67
Utah9
Virginia55
Vermont4
Washington59
Wisconsin20
West Virginia3
International18
Total1,329

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