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KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS, AMERICAN FRIENDS OF

ACTIVITY OR MISSION: To facilitate access to funding for capital & ops, primarily thru kiedf, to qualifying enterprises in order to foster economic development & employment in israel.
Mission, Activities, Program Evaluation Governance and Personnel Finances Contact Comment

FINANCES

Summary Financial Statement
(in thousands of dollars except where reported as percent)
For tax period ended 2019-12-31 2018-12-31 2017-12-31
INCOME AND OTHER ADDITIONS TO NET ASSETS
Public support including net income from gaming and fundraising events 10 225 560
Revenue generated by provision of services 0 0 0
Income from investments, royalties, and rents, including unrealized investment gains and losses 8 3 2
Income from sale of inventories and other assets 0 0 0
Other additions to net assets 0 0 0
TOTAL INCOME AND OTHER ADDITIONS TO NET ASSETS 18 228 562
EXPENSES AND CHANGE IN NET ASSETS
Grants to Israeli and other foreign recipients 200 154 475
Grants to US recipients 0 0 0
Salaries and related expenses 13 15 29
Fees for services by non-employees 47 89 86
Advertising and promotion 0 0 0
Office expenses, occupancy, interest, depreciation, depletion and insurance 7 8 10
Information technology 0 0 0
Travel, conferences, conventions, and meetings 10 12 10
Other expenses 72 100 101
TOTAL EXPENSES 348 378 711
Addenda
Program service expenses as a percent of total expenses 86 81 89
Management and general expenses as a percent of total expenses 12 16 9
Fundraising expenses as a percent of total expenses 1 3 2
CHANGE IN NET ASSETS -330 -150 -149
Summary Balance Sheets
(in thousands of dollars)
Balance sheet period end date: 2019-12-31 2018-12-31 2017-12-31
ASSETS
Cash, savings accounts, and securities 576 739 1,000
Receivables: pledges and grants, accounts, loans, and other 0 200 150
Land, buildings, and equipment 0 0 0
Other assets 0 0 0
Total assets 576 939 1,150
LIABILITIES
Liabilities 19 52 113
NET ASSETS
Net assets without donor restrictions 557 687 837
Net assets with donor restrictions 0 200 200
Total net assets 557 887 1,037
  • If bar shows 1,000%, it indicates that the correct figure in 1,000% or higher
  • If bar shows 120%, it indicates that the correct figure in 120% or higher
Mission, Activities, Program Evaluation Governance and Personnel Finances Contact Comment

PLEASE NOTE: This is a profile only of the US charity, KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS, AMERICAN FRIENDS OF. Information on this profile is from the KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS, AMERICAN FRIENDS OF’s Forms 990 filed with the Internal Revenue Service or the organization’s inernet website. A small amount of contact information may be from other sources. Tzedakah, Inc does not verify data provided by the listed charities.

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Tzedakah, Inc. | PO Box 34841 | Bethesda MD 20827 | (240) 345-6837 | info@tzedakah.info