OPEN UNIVERSITY OF ISRAEL INC., AMERICAN FRIENDS OF

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ACTIVITY OR MISSION: TO RAISE AWARENESS IN THE UNITED STATES OF, AND TO SUPPORT, THE OPEN UNIVERSITY OF ISRAEL'S VITAL MISSION OF MAKING ACCESS TO HIGHER EDUCATION AVAILABLE TO CAPABLE AND MOTIVATED STUDENTS FROM ALL SECTORS OF SOCIETY.

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 130 759 1,850
Revenue generated by provision of services 0 0 0
Income from investments, royalties, and rents, including unrealized investment gains and losses 0 0 0
Income from sale of inventories and other assets 0 0 0
Other additions to net assets 0 -733 0
TOTAL INCOME AND OTHER ADDITIONS TO NET ASSETS 130 26 1,850
EXPENSES AND CHANGE IN NET ASSETS
Grants to Israeli and other foreign recipients 228 835 807
Grants to US recipients 0 0 0
Salaries and related expenses 102 172 150
Fees for services by non-employees 31 16 31
Advertising and promotion 2 1 3
Office expenses, occupancy, interest, depreciation, depletion and insurance 108 180 102
Information technology 0 0 0
Travel, conferences, conventions, and meetings 0 0 0
Other expenses 26 6 18
TOTAL EXPENSES 496 1,209 1,111
Addenda
Program service expenses as a percent of total expenses 46 69 73
Management and general expenses as a percent of total expenses 36 20 15
Fundraising expenses as a percent of total expenses 18 11 12
CHANGE IN NET ASSETS -366 -1,183 739
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 522 684 726
Receivables: pledges and grants, accounts, loans, and other 583 792 1,944
Land, buildings, and equipment 1 1 0
Other assets 19 16 17
Total assets 1,125 1,493 2,688
LIABILITIES
Liabilities 9 11 23
NET ASSETS
Net assets without donor restrictions 383 566 729
Net assets with donor restrictions 733 916 1,936
Total net assets 1,116 1,482 2,665
  • 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

PLEASE NOTE: This is a profile only of the US charity, OPEN UNIVERSITY OF ISRAEL INC., AMERICAN FRIENDS OF. Information on this profile is from the OPEN UNIVERSITY OF ISRAEL INC., 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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