American Friends of Ogen Inc

Nonprofit profile at a glance

EIN
133691494
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
University Heights, OH, USA
Phone
2163104912
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$24,744,669
Expenses
$24,568,561
Assets
$16,892,086
Liabilities
$16,853,119

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • ARI H JAFFE (PRESIDENT AND DIRECTOR)

People named in this filing

  • ARI H JAFFE (PRESIDENT AND DIRECTOR)
  • BEN JAFFE (TREASURER AND DIRECTOR)
  • ROBERT GOTTESMAN (SECRETARY AND DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This organization's mission is to provide financial support to ogen - israel free loan fund and its subsidiaries, collectively the "ogen group", which provides interest free loans, low interest loans and financial education for (see continuation on schedule o)low to middle income individuals and families, small businesses and non-profits in israel.

What it reported doing in 2024

American friends of ogen - slf, llc, a Delaware limited liability company that is wholly owned by american friends of ogen, inc., an organization described in section 501(c)(3), participates on behalf of social impact fund investors in the ogen - israel social loan fund, an impact investment fund program of ogen - israel free loan fund, an israeli nonprofit entity, designed to provide low-interest loans and financial education to businesses, and nonprofit organizations otherwise unable to access affordable credit, to enable them to achieve sustainable, transformative economic security and/or mobility, and thereby to relieve the poor and distressed and prevent community deterioration. The purpose of the loan is to accomplish the above-described purposes and not (see continuation on schedule o)for production of income or the appreciation of property. During and as of 12/31/2024, american friends of ogen - slf, llc has a note receivable from ogen - israel social loan fund of $13,518,357, and notes payable to social loan fund lenders of $13,518,357 and an interest receivable from ogen - israel social loan fund of $333,212 and interest payable to social loan fund lenders of $333,212.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 75
  • Accountability: 88
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.8%; rating input score 99
  • Program expense ratio: 99.5%; rating input score 99
  • Fundraising efficiency: $1,175.92 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.7%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 8.5% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 37.4% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 98.8% of revenue deployed · 99.5% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $24.4M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 5 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.