Friends of Ofanim Inc

Nonprofit profile at a glance

EIN
202749756
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Wayne, PA, USA
Phone
6107336515
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
International Relief

Official website

Reported finances

Revenue
$1,394,488
Expenses
$1,686,353
Assets
$5,236,432
Liabilities
$27,392

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

Leadership & pay

13 people listed

Executive titles in this filing

  • PETER WRIGHT (CO-PRESIDENT)
  • TAMAR SILBERBERG-SHIFFMAN (CO-PRESIDENT)

People named in this filing

  • EDWARD BAUMSTEIN (TREASURER)
  • PETER WRIGHT (CO-PRESIDENT)
  • RUTH NEWMAN (SECRETARY (thru 3/31/24))

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

Friends of ofanim, inc. Is a non-profit organization whose principal purpose is to promote educational opportunities for economically disadvantaged children and others. Friends of ofanim raises awareness of ofanim, a charitable organization formed under the laws of the state of israel that provides educational opportunities to economically disadvantaged children and other persons in israel, and makes grants to ofanim and other charitable organizations that provide such educational opportunities, as and when identified and approved by the board of directors.

What it reported doing in 2024

In furtherance of friends of ofanim's exempt purpose of providing educational opportunities for economically disadvantaged children and others, friends of ofanim makes grants to ofanim, a non-profit educational organization in israel, to pay specified expenses approved by friends of ofanim's board of directors. Expenses funded by grants from friends of ofanim include the cost of retrofitting used buses into mobile classrooms and employing staff that deliver supplemental educational instruction to approximately 1,400 students living in underserved and remote neighborhoods in israel's farthest peripheries. Programs include robotics, math, science, computers, 3d printing and a young doctors program, as well as pilot program called reaching farther.

Operating model

Revenue model
Donor-supported. 95% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 84
  • Accountability: 88
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: $1,552.68 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Pass
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th 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; 63rd 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: -20.9%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 3.11; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 9/100.