CHAZAK

EIN: 371972043 501(c)(3) Youth Development

NEW YORK, NY

Total Revenue
$3,151,666
Total Expenses
$3,446,940
Total Assets
$1,675,200
Net Assets
$1,671,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
REUBEN IBRAGIMOV
Tax Period
2023-01-01 to 2023-12-31

CHAZAK, founded in 2020, is a community nonprofit in the Youth Development sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum.

Mission

Chazak is a global Jewish organization that inspires, equips, and unites young people through the profound wisdom of the Torah and the rich Sephardic heritage. Within our diverse community, we strive to foster fulfilling lives and impactful leadership. Our initiatives are founded on our core values of education, leadership, and community, and we provide in-depth exploration of Jewish traditions and the Sephardic ethos. Our initiatives go beyond borders, including retreats and trips all over the world, fostering cultural exchange, and promoting a better understanding of our common heritage. We remain committed to our mission of developing leaders, fostering unity, and ensuring a vibrant future for the Sephardic Jewish community and the world at large.

Program Service Accomplishments

Program 1
Expenses: $2,754,190

We are proud to reflect on the enriching 2023 Chazak Pesach experience. This one-of-a-kind journey was designed for Sephardic community members to celebrate and share their rich heritage and...

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We are proud to reflect on the enriching 2023 Chazak Pesach experience. This one-of-a-kind journey was designed for Sephardic community members to celebrate and share their rich heritage and distinctive cuisine during the Passover holidays. Our carefully planned itinerary included a variety of lectures and programs for both adults and children to help us better understand and appreciate Sephardic traditions. This experience was more than just a vacation it was a chance for families to reconnect with their roots, participate in meaningful cultural exchanges, and create lasting memories. We are honored to have been a part of this journey of discovery and community building, reinforcing the values and traditions that make our Sephardic heritage so vibrant and alive.

Program 2
Expenses: $502,687

Our vision is to build youth that are energized and equipped with strong ideals and solid tools to ensure a promising future for the whole community. Thousands of teens participate in the weekly...

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Our vision is to build youth that are energized and equipped with strong ideals and solid tools to ensure a promising future for the whole community. Thousands of teens participate in the weekly programmes and trips that are run to ignite their Jewish pride and passion for learning. Working with all segments of the community, we strengthen and invigorate the level of learning and observance. To date, Chazak content has had over 1.2 million views.

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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 $3,151,666
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,151,666

Expense Breakdown

Grants Paid $71,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,256,877
Other Expenses $3,375,640
TOTAL EXPENSES $3,446,940

Year-over-Year Comparison

2023 2022 Change
Revenue $3,151,666 $1,753,741 +0.8%
Expenses $3,446,940 $1,171,320 +1.9%
Net Income $-295,274 $582,421 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REUBEN IBRAGIMOV COO 10.00
Officer
$0 $0 $0
SHLOMO FARHI Chairman 15.00
Officer
$0 $0 $0
MOSHE LEVY Executive Dir. 5.00
Officer
$0 $0 $0
LAWRENCE HAJJOFF Director 5.00
Officer
$0 $0 $0
YITSY DAVID Director 5.00
Officer
$0 $0 $0
ARI BENSOUSSAN Director 5.00
Officer
$0 $0 $0
MEIR SULTAN Director 5.00
Officer
$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 $3,151,666 $3,446,940 $1,675,200 $-295,274
2022 $1,753,741 $1,171,320 $1,984,101 $582,421
2021 $1,739,458 $354,632 $1,384,826 $1,384,826
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