Israel Scholarship Education Foundation
Nonprofit profile at a glance
- EIN
- 132909403
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2126837772
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Academic Exchange
Reported finances
- Revenue
- $2,152,040
- Expenses
- $1,861,433
- Assets
- $9,565,655
- Liabilities
- $79,625
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- CARLOS BENAIM (PRESIDENT)
- LIOR ZOMMER (EXECUTIVE DIRECTOR)
Highest reported compensation
- LIOR ZOMMER (EXECUTIVE DIRECTOR): $35,448 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Israel scholarship education foundation's mission is to narrowisrael's socio-economic gap through higher education. Its unique methodology combines scholarship support for gifted young people fromdisadvantaged backgrounds with community service, leadership training, and social-conscience building.
What it reported doing in 2024
The israel scholarship education foundation provides funds to its affiliated organization in israel, through which scholarships are provided to israeli citizen students studying in israel, at the undergraduate, graduate, and post-graduate levels. During the academic year 2024-2025, approximately 437 students in israel received assistance through this program. In addition, 21 international scholars, all israeli citizens, received israel scholarship education foundation scholarships for the academic year 2024-2025, so that they could participate in phd, md, law, or post-doctorate programs at various universities in the united states, canada, and europe.probono legal fees for the year 2024-2025 is $5,560.00
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 81.5%; rating input score 82
- Fundraising efficiency: $11.1 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd 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: Fail
- Conducts field audits: Fail
- May suspend future funding: Pass
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- 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; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 13.5%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 5.14; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 78.2% of revenue deployed · 81.5% of spending went to programs
- Governance: 30 of 30 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.5M in reported program spending
- Leadership: top reported pay $35K · 24 people listed
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors and foreign activity
- Filing history: 15 filing years from 2009 to 2024
- 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 — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.