Shefa Fund in Philadelphia, Pennsylvania (PA)

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Shefa Fund
Employer Identification Number (EIN)232533804
Name of OrganizationShefa Fund
AddressPhiladelphia, PA 19128
Tax Period2002
Asset Amount$12,704,165
Amount of Income$2,856,667
Form 990 Revenue Amount$2,856,667
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories


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Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$3,473,039$2,032,028$2,856,667
Contributions, gifts, grants, and similar amounts received$3,688,142$2,110,352$2,345,836
Contributions to donor advised funds
Direct public support$3,688,142$2,110,352$2,345,836
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$158,088$178,202$190,975
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$10,153$9,307
Dividends and interest from securities$337,239$221,380$176,826
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$-715,520$-486,508$133,814
Gain or (loss) from sales of assets other than inventory$5,090$-1,551$-91
Gross amount from sales of assets other than inventory$5,410,111$0$0
Less: cost or other basis and sales expenses$5,405,021$1,551$91
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$4,723,635$3,120,947$3,187,884
Program services$4,540,508$2,913,856$3,034,433
Management and general$103,435$124,434$97,953
Fundraising$74,510$75,703$55,498
Payments to affiliates$5,182$6,954$0
Net assets or fund balances at end of year$14,087,688$12,998,769$12,704,165
Excess or (deficit) for the year$-1,250,596$-1,088,919$-331,217
Net assets or fund balances at beginning of year$15,338,284$14,087,688$12,998,769
Other changes in net assets or fund balances$0$0$36,613
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,187,884$3,034,433$97,953$55,498
Grants paid from donor advised funds
Other grants and allocations$1,517,880
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$87,485$69,988$8,748$8,749
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$624,593$580,871$24,413$19,309
Pension plan contributions not included above$12,504$11,379$625$500
Employee benefits not included above$121,995$111,016$4,791$6,188
Payroll taxes$56,384$51,309$2,594$2,481
Professional fundraising fees$0$0$0$0
Accounting fees$5,000$3,800$1,200$0
Legal fees$7,265$5,279$1,986$0
Supplies$40,360$28,252$12,108$0
Telephone$19,867$12,119$1,391$6,357
Postage and shipping$1,525$722$803$0
Occupancy$59,998$50,998$9,000$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$22,620$18,096$2,262$2,262
Travel$76,838$71,459$0$5,379
Conferences, conventions, and meetings$37,299$37,299$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$9,125$7,756$1,369$0
Other expenses not covered above$487,146$456,210$26,663$4,273
Balance Sheets
200020012002
Total assets$14,124,592$13,039,392$12,749,774
Cash - non-interest-bearing$0$500$500
Savings and temporary cash investments$1,632,267$1,203,621$1,320,525
Accounts receivable less allowance for doubtful accounts$113,513$112,463$0
Pledges receivable less allowance for doubtful accounts$0$30,792$5,000
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$157,972
Inventories for sale or use$19,615$17,115$13,399
Prepaid expenses and deferred charges$34,271$34,913$32,367
Investments - publicly-traded securities
Investments - other securities$12,275,840$11,604,558$11,194,660
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$46,696$34,477$25,351
Other assets, including program-related investments$2,390$953$0
Total liabilities$36,904$40,623$45,609
Accounts payable and accrued expenses$36,904$40,623$35,609
Grants payable$0$0$0
Deferred revenue$0$0$10,000
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$14,124,592$13,039,392$12,749,774
Total net assets or fund balances$14,087,688$12,998,769$12,704,165
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200614
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$319,856$190,975
Program service revenue
Program service revenue 1000000$000$0$59,257
Program service revenue 2000000$000$0$131,718
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$9,307$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$176,826$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$133,814$0
Gain or (loss) from sales of assets other than inventory000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-91$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$72,863$1,457$0
$65,015$1,300$0
$77,126$1,542$0
$69,499$1,074$0
$59,072$1,182$0
Total number of other employees paid over $50,0005
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$191,500
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001
Total$5,951,577$3,473,039$2,032,028
Gifts, grants, and contributions received$3,890,576$3,688,142$2,110,352
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$2,061,001$-215,103$-78,324
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$3,197,892
Total lobbying expenditures$191,500
Total lobbying expenditures to influence public opinion (grassroots lobbying)$59,000
Total lobbying expenditures to influence a legislative body (direct lobbying)$132,500
Other exempt purpose expenditures$3,006,392
Lobbying nontaxable amount$309,895
Grassroots nontaxable amount$77,474
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