FRIENDS OF MAYANOT INSTITUTE INC

EIN: 113348050 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$2,199,590
Total Expenses
$2,589,560
Total Assets
$702,230
Net Assets
$527,994
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
SOLOMON GESTETNER
Phone
2129803414
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF MAYANOT INSTITUTE INC, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

COMPANY'S MISSION STATEMENT: TO CULTIVATE AN AWARENESS OF JEWISH IDENTITY AND A PASSION FOR THE JEWISH FUTURE THROUGH BIRTHRIGHT TRIPS TO ISRAEL AND A YESHIVA STUDY PROGRAM

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,619,426
Program Service Revenue $580,164
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,199,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,292
Fundraising Expenses $202,294
Program Expenses $2,106,721
Other Expenses $2,480,268
TOTAL EXPENSES $2,589,560

Year-over-Year Comparison

2023 2022 Change
Revenue $2,199,590 $2,862,715 -0.2%
Expenses $2,589,560 $2,781,412 -0.1%
Net Income $-389,970 $81,303 -5.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$92,975
Total Directors
6
$92,975
Key Employees
2
$92,975
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KASRIEL SHEMTOV EXECUTIVE DIRECTOR 40.00
Officer Director Key Emp
$92,975 $0 $92,975
SHLOMO GESTETNER DIRECTOR 40.00
Officer Director Key Emp
$0 $0 $0
AVRAHOM SILVER DIRECTOR 5.00
Director
$0 $0 $0
JEFFREY COHEN DIRECTOR 5.00
Director
$0 $0 $0
ANDREW ABRAHAM DIRECTOR 5.00
Director
$0 $0 $0
MORDECHAI HALLER DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,199,590 $2,589,560 $702,230 $-389,970
2022 $2,862,715 $2,781,412 $1,090,366 $81,303
2021 $4,053,714 $3,798,862 $1,023,168 $254,852
2020 $1,632,197 $1,053,139 $769,358 $579,058
2019 $4,413,262 $3,979,250 $76,764 $434,012
2019 $4,413,262 $3,979,250 $76,764 $434,012
2018 $1,651,777 $1,597,717 $205,276 $54,060
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