Friends of Madatech-the Israel Institute of Science and Technologyinc

Nonprofit profile at a glance

EIN
133329462
IRS 990-EZ coverage
2020–2021
Forms available
Form 990 2019, Form 990-EZ 2021
Location
New York, NY, USA
Phone
2129475654
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$75,000
Expenses
$125,799
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • EMILY HAMILTON (EXECUTIVE DIRECTOR)

People named in this filing

  • STEVEN KHADAVI (SECRETARY)
  • THOM WAYE (CHAIRMAN/TREASURER)
  • KEN ABRAMOWITZ (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-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Friends of madatech - the israel institute of science and technology, inc. (formely known as the american friends of the israel national museum of science, inc.)(the organization") as a not-for-profit organization whose mission is to support the israel national museum of science, "madatech", by providing support for its programs and activities, its advanced science learning centers, as well as the museum's physical maintenance, development and expansion.

What it reported doing in 2021

The board of directors of friends of madatech-the israel institute of science and technology, inc. Approved and adopted a plan of dissolution on august 5, 2020. Pursuant to the plan of dissolution, friends of madatech-the israel institute of science and technology, inc. Paid off its liabilities with cash at bank, its sole asset, and ceased operations during 2021. On 12/1/2021, the organization transferred its final cash balance, via a bank wire to the israel national museum of science, "madatech".

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -67.7%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -200% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -20.7% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -19.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.