2015-08-17T15:59:22-05:00 2014-09-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2013-10-01 136192275 Bar Ilan University in Israel Inc % DANIEL ENGEL BARI 2129063900 160 east 56th street Suite New York NY 10022 matthew maryles CEO 2125990100 2015-08-06 true Scott Thompsett P00741490 2125990100 2013 2016-03-07 17:11:31Z Daniel Hershkowitz Ramat Gan IS 52900 375277444 false X www1.biu.ac.il/indexE.php & www.afbiu.org X 1962 NY BIU is one of the largest universities in Israel, with approximately Israel with approx. 27,000 students. BIU produces students who excel in the sciences, humanities, law, engineering, business & the arts. 96 95 26 0 0 181061575 191394283 142864466 148568894 10679911 13305434 8888769 9810311 343494721 363078922 39759372 50251959 0 0 252141559 259357178 0 0 4261776 81741123 70621661 373642054 380230798 -30147333 -17151876 342155428 324934395 237904907 227580811 104250521 97353584 X BAR-ILAN UNIVERSITY IN ISRAEL CONSISTS OF TWO DIVISIONS, BAR-ILAN UNIVERSITY (BIU), LOCATED IN RAMAT GAN, ISRAEL, AND AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY (AFBIU), LOCATED IN NEW YORK, NY. BAR-ILAN UNIVERSITY IS A REGISTERED ASSOCIATION in Israel, THE GOALS OF WHICH ARE TO MAINTAIN, PROMOTE, HOLD AND ADMINISTER THE UNIVERSITY AS AN INSTITUTION OF HIGHER EDUCATION, IN ORDER TO FOSTER AND PROMOTE STUDY AND RESEARCH IN ALL BRANCHES OF THE TORAH AND SCIENCE IN THE SPIRIT OF THE TORAH AND JEWISH TRADITION. THE UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION, ACCORDING TO THE COUNCIL OF HIGHER EDUCATION LAW, 5718-1958, WHICH DEALS WITH RESEARCH AND TEACHING. BAR-ILAN UNIVERSITY REGARDS THE PRINCIPLES OF JUDAISM AS AN EXPRESSION OF THE UNIQUENESS OF THE JEWISH PEOPLE. A MAJOR OBJECTIVE OF THE UNIVERSITY IS TO NURTURE AND SAFEGUARD THESE PRINCIPLES AND TRAIN SCHOLARS, RESEARCHERS AND CULTURAL FIGURES WHO ARE KNOWLEDGEABLE IN THE TORAH AND IMBUED WITH THE TRUE SPIRIT OF JUDAISM A false false 149422785 21344967 107914569 First and foremost, Bar-Ilan University is an institute of higher learning offering Bachelor's Degree Studies, Master's Degree Studies and Ph.D. Degree Studies to students from around the world. Teaching and research at Bar-Ilan University are organized within the framework of eight faculties, as listed below: 1. The Faculty of Jewish Studies (which includes the Contemporary Judaism study program that is currently included within the framework of the Faculty of Jewish Studies and the Interdisciplinary Studies Committee). 2. The Faculty of Medicine 3. The Faculty of law 4. The faculty of social sciences 5. The Faculty of Exact Sciences 6. The Faculty of engineering 7. The faculty of life sciences 8. The faculty of humanities The University adheres to its quest for scientific and intellectual excellence. The academic leadership continued to work on encouraging research, improving the academic quality of the departments, promoting teaching and recruiting new staff members, including outstanding scientists returning from abroad and new immigrant scientists - through the implementation of the departmental target model and the 'growth programs' in liberal arts and experimental sciences. Research students and researchers won scholarships and grants, and contributed to the expansion of human knowledge in all fields. The University continued to pursue activities aimed at encouraging University enrollment while raising the bar for admission, absorbing outstanding candidates, and enriching the study programs offered to students. Comprehensive efficiency programs were carried out in all areas of academic administration in order to achieve optimal utilization of academic resources. 99615190 28906992 40654326 Over the past year, the University continued to attract scientists returning to Israel with the aim of deepening and increasing the research output of the academic faculty. University researchers participate in five Centers of Excellence recently declared by the Israel Science Foundation. These centers enable the absorption of new faculty members and the development of important research areas. Likewise, Bar Ilan faculty members participate in the "Focused Research Center" on nanotechnology. The new Faculty of Medicine in Safed commenced its second year of operations with more than 200 students. Twelve new researchers began working in the Faculty. The Institute of Nanotechnology continued to develop and grow in terms of researchers, equipment, research activities and research students. In 2012, six new researchers were absorbed in the fields of chemistry, physics and liberal arts and the number of research students increased. A dedicated program led to the University absorbing outstanding young scientists, and University researchers continued to develop international contacts with colleagues at other universities and work to foster the exchange of research students. 15034641 0 0 American Friends of Bar-Ilan University in Israel, a division of Bar-Ilan University, ("AFBIU") was organized in the United States to conduct fundraising activities in the United States for the support of BIU's programs in Israel. AFBIU makes certain grants to BIU throughout the year to support University Projects. For the year ending 09/30/2014, this amount is $15,034,641 and is reported on Form 990, Part IX as a program service expenditure. 264072616 true true false false false false false true false true true false false false true false true false true true true false true false false false false false false true false false false false false false false false false false false false true true false false false true 37 0 true 26 true false true IS false false false false false true true false X 96 95 true false false false false false false true true false false true true true true true true true true false AL AK CA CT GA IL MD MA MI MN MS NJ NY NC OR PA RI TN VA WI X DANIEL ENGEL 2129063900 160 E 56 ST new york NY 10022 Dr Mordecai D Katz Chairman of Board of trustees 1.0 X X 0 0 0 Rabbi Aharon Lichtenstein Trustee 1.0 X 0 0 0 Rabbi Baim Drukman Trustee 1.0 X 0 0 0 Rabbi Moshe Hager Trustee 1.0 X 0 0 0 Selig Wengrowsky Trustee 1.0 X 0 0 0 Zevulun Orlev Trustee 1.0 X 0 0 0 Avi Shaked Trustee 1.0 X 0 0 0 Benjamin Sharbat Trustee 1.0 X 0 0 0 Benny Landa Trustee 1.0 X 0 0 0 David Fuhrer Trustee 1.0 X 0 0 0 Meir Shamir Trustee 1.0 X 0 0 0 Morris Khan Trustee 1.0 X 0 0 0 Mr Levi Yitzchak Rahmani Trustee 1.0 X 0 0 0 Mr Shlomo Yanai Trustee 1.0 X 0 0 0 Mr Yehoshua Salti Trustee 1.0 X 0 0 0 Mrs Raya Strauss Ben-Dror Trustee 1.0 X 0 0 0 Nochi Dankner Trustee 1.0 X 0 0 0 Pinchas Spielman Trustee 1.0 X 0 0 0 Professor Yehuda Skornikt Trustee 1.0 X 0 0 0 Ronnie Benin-Barr Trustee 1.0 X 0 0 0 Yaakov Shahar Trustee 1.0 X 0 0 0 Zvi Bar Trustee 1.0 X 0 0 0 Zvi Livnat Trustee 1.0 X 0 0 0 Dr Joshua Rosensweig Chair of the COF 1.0 X 0 0 0 Adv Moshe Agrest Trustee 1.0 X 0 0 0 Adv Moshe Naveh Trustee 1.0 X 0 0 0 Adv Rami Bublil Trustee 1.0 X 0 0 0 Avraham Blustein Trustee 1.0 X 0 0 0 Dina Berniker Trustee 1.0 X 0 0 0 Dr Deborah Strassburger Trustee 1.0 X 0 0 0 Dr Ehud Shapira Trustee 1.0 X 0 0 0 Dr Joseph Ciechanover Trustee 1.0 X 0 0 0 Dr Yair Friedman Trustee 1.0 X 0 0 0 Dr Yehuda Ben-Meir Trustee 1.0 X 0 0 0 Dr Zvi Katz Trustee 1.0 X 0 0 0 Elliot Tannenbaum Trustee 1.0 X 0 0 0 Izak Yohai Trustee 1.0 X 0 0 0 Miron Izakson Trustee 1.0 X 0 0 0 Moshe Podhorzer Trustee 1.0 X 0 0 0 Mr Gil Deutch Trustee 1.0 X 0 0 0 Mr Gil Weil Trustee 1.0 X 0 0 0 Mr Reuven Adler Trustee 1.0 X 0 0 0 Mr Yaakov Dior Trustee 1.0 X 0 0 0 Mr Zvi Itzkovitch Trustee 1.0 X 0 0 0 Nissan Khakshouri Trustee 1.0 X X 0 0 0 Professor Meir Wilchek Trustee 1.0 X 0 0 0 Rabbi Dr Chaim Shein Trustee 1.0 X 0 0 0 Yehezkel Barenholtz Trustee 1.0 X 0 0 0 Chief Rabbi Sir Jonathan Sacks Trustee 1.0 X 0 0 0 Dr David Jeselsohn Trustee 1.0 X 0 0 0 Ing Israel Feldman Trustee 1.0 X 0 0 0 Dr Thomas O Hecht Trustee 1.0 X 0 0 0 Dr Yonat Floersheim Trustee 1.0 X 0 0 0 Mr Conrad Morris Trustee 1.0 X 0 0 0 Mr David Gradel Trustee 1.0 X 0 0 0 Mr Diego Marynberg Trustee 1.0 X 0 0 0 Mr Hubert Leven Trustee 1.0 X 0 0 0 Mr Joseph Frohlich West Trustee 1.0 X 0 0 0 Mr Michael Abeles Trustee 1.0 X 0 0 0 Mr Nessim D Gaon Trustee 1.0 X 0 0 0 Mr Norman Sternthal Trustee 1.0 X 0 0 0 Mr Raymond Ackerman Trustee 1.0 X 0 0 0 Mr Romie Tager Trustee 1.0 X 0 0 0 Mr Sam Alter Trustee 1.0 X 0 0 0 Mr Zoltan Gaspar Trustee 1.0 X 0 0 0 Mrs Gabi Weisfeld Trustee 1.0 X 0 0 0 Mrs Mira Koschitsky Trustee 1.0 X 0 0 0 Rabbi Pynchas Brener Trustee 1.0 X 0 0 0 Mr David Shapell Trustee 1.0 X 0 0 0 Mr Maurice Kanbar Trustee 1.0 X 0 0 0 Mr Max Webb Trustee 1.0 X 0 0 0 Mr Morry Weiss Trustee 1.0 X 0 0 0 Mr Shale Stiller Trustee 1.0 X 0 0 0 Mrs Aviva Apel Trustee 1.0 X 0 0 0 Mrs Cherna Moskowitz Trustee 1.0 X 0 0 0 Mrs Fanya Gottesfeld Heller Trustee 1.0 X 0 0 0 Mrs Maria Finkle Trustee 1.0 X 0 0 0 Mrs Susanne Czuker Trustee 1.0 X 0 0 0 S Daniel Abraham Trustee 1.0 X 0 0 0 Michael G Jesselson Trustee 1.0 X 0 0 0 Jane Stern Lebell Trustee 1.0 X 0 0 0 Gail Propp Trustee 1.0 X 0 0 0 Ira L Rennert Trustee 1.0 X 0 0 0 Peter Rzepka Trustee 1.0 X 0 0 0 Jay L Schottenstein Trustee 1.0 X 0 0 0 Moshael J Straus Trustee 1.0 X 0 0 0 Alan Zekelman Trustee 1.0 X 0 0 0 Daniel Hershkowitz President (as of 10/1/13) 40.0 X X 63876 0 12403 Rabbi Mitchell Wohlberg Trustee 1.0 X 0 0 Mr Amon Katz Trustee 1.0 X 0 0 0 Mrs Zinni Koren Trustee 1.0 X 0 0 0 Menachern Lebel Trustee 1.0 X 0 0 0 Tova ilan Trustee 1.0 X 0 0 0 Moshe Moskovic Trustee 1.0 X 0 0 0 Mr Jack Nagel Trustee 1.0 X 0 0 0 Mr Arnikarn Shorer Trustee 1.0 X 0 0 0 Chaim Teitlebaum Rector 40.0 X 245325 0 59411 Benjamin Ehrenberg Vice President for Research 40.0 X 199759 0 49494 Judith Haimoff Associate Vice President 40.0 X 202369 0 40570 Yaffa Zilbershatz Vice President/Deputy Pres. 40.0 X 220236 0 53957 Relly Shavit CFO 40.0 X 194547 0 41447 Menachem Greenbloom CRO 40.0 X 147054 0 12849 Daniel B Engel Controller (AFBIU) 40.0 X 126025 0 29311 MATTHEW MARYLES CEO (AFBIU) 40.0 X 223553 0 29888 SUSAN SOLOMON Chief Admin. Officer (AFBIU) 40.0 X 170825 0 20144 Ronald Solomon Exec. Dir., West Coast (AFBIU) 40.0 X 237124 0 48733 Howard Charish nat'l Director Develop (AFBIU) 40.0 X 216334 0 27014 Shachar Lipshitz PROFESSOR 40.0 X 253179 0 44844 Gidon Prachamovsky PROFESSOR 40.0 X 219847 0 31611 Ran Tur-kaspa PROFESSOR 40.0 X 222984 0 55293 Ido Kantor PROFESSOR 40.0 X 218777 0 53343 Kenat Hochberg PROFESSOR 40.0 X 216539 0 46394 Moshe Kaveh President (thru 9/13) 40.0 X 180643 97074 3558996 0 753780 308 true true false Interuniversity computing center 15 KLAUZNER 61394 TEL AVIV 0 IS library info. srvs. 4502472 YM Lev Consulting Services PO BOX 10162 RAMAT GAN 0 IS Teaching Services 1846710 Ovadia Alfonse BEN GURION 137 BAT YAM 0 IS Building & reno. 1174140 Klinor SErvices to Israel RIBAL 18 TEL AVIV 0 IS Cleaning materials 1153355 tavas Security and Cleaning YAFO 216 JERUSALEM 0 IS cleaning services 921419 111 X 181847677 9546606 21226 191394283 STUDENT TUITION AND EDUCATIONAL RESEARCH FEES 900099 106184195 106184195 RESEARCH INCOME 611710 40654326 40654326 STUDENT SERVICE FEES 611710 1730373 1730373 148568894 11375881 11375881 0 80968 80968 0 0 0 12113884 2014191 12198522 -84638 2014191 1929553 1929553 0 0 0 ANCILLARY REVENUE DERIVED FROM 900099 9729343 9729343 9729343 363078922 148568894 23115745 X 0 0 50251959 50251959 0 2900781 1740469 653663 506649 0 190203472 112058170 75420074 2725228 6661422 3996853 2664569 45899569 27416285 18320270 163014 13691934 8174125 5463625 54184 0 12319 10245 2074 131900 109691 22209 0 0 88868 73905 14963 1829189 1524805 298440 5944 1484389 1186770 209430 88189 2090222 1720331 324119 45772 0 0 7722714 6148833 1256573 317308 226594 133268 23518 69808 0 28932 4552 24380 0 0 262355 137846 100376 24133 878324 712305 135396 30623 UNIVERSITY PROJECTS 15034641 15034641 CAMPUS MAINTENANCE 7671626 6506391 1149321 15914 STUDENT SERVICES 6555296 5572002 983294 CONTRACTED SERVICES 741302 630107 111195 25862990 21127456 4584150 151384 380230798 264072616 111896406 4261776 0 0 26402505 19255877 23806524 18389811 12726875 15015628 0 0 0 0 288570 195639 76295 66300 108249 106464 17866442 1290148 17405145 16576294 252029162 245477006 5163175 5841236 0 0 0 0 4148928 4010140 342155428 324934395 46496123 45453558 0 0 14009572 12425548 0 0 0 0 0 0 0 0 0 0 177399212 169701705 237904907 227580811 X -103896534 -104137394 94008874 84547229 114138181 116943749 104250521 97353584 342155428 324934395 X -17151876 -1051685 11306624 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 116845706 1642252 6749383 72099 125165242 139765698 -6326760 -16566652 26580 116845706 119458865 5826001 14496677 15845 139765698 114444843 1095234 3933444 14656 119458865 111392646 4935959 -1840242 43520 114444843 0.14161 0.71752 0.14087 false false 17423865 1023303 16400562 233474 87754 145720 209103 179091 30012 16576294 0 DUE TO THIRD PARTIES 1291764 RETIREMENT BENEFIT OBLIGATION 168409941 169701705 X Part III BIU has a vast collection of works of art, books and documents that are used for the benefit of the public and for the student body (for research, education and cultural purposes). BIU does not value these items in its audited financial statements and is not required to include a footnote in its Israel financial statements as it is not subject to SFAS 116. Part V, Line 4 - BIU BIU holds an extensive endowment that is intended to fund future student scholarships, as well as educational programs. A specific percentage of the endowment fund is used to support the Benevolent Society for the Support of the Institute of Higher Torah Studies. BIU intends that the endowment's principal be left untouched, while its earnings will be used to fund its educational programs. For 990 reporting, the endowment balances have been converted from shekels to dollars. Since the exchange rate changes from year-to-year, the beginning balance will change accordingly. For consistency's sake, we have carried forward the 09/30/13 endowment balance at the same rate that was used last year. To achieve the proper conversion of the endowment's ending balance at 09/30/2014, a currency adjustment is reported on line 1(c) along with the year's investment earnings. Part V, Endowment Supplement - AFBIU The American Division, likewise, holds an endowment, the funds of which are intended to be used to support BIU's educational mission. In the interests of clarity, AFBIU reports the following: Endowment Assets, beginning of the year - $10,451,192 Endowment Assets, End of the year - $11,228,769 Since the endowments of BIU and AFBIU are maintained seperately (and in different currencies), in the interest of clarity, the amounts reported in the above table are not reflected on Schedule D, Part V, Line 1 (that table reflects the endowment activity of BIU alone). Part X, Line 2 BIU's financial statements issued in Israel do not contain a FIN-48 footnote as this is a United States accounting pronouncement. AFBIU's FIN-48 footnote is as follows: AFBIU follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the positon were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the positon may be challenged. AFBIU is exempt from federal income tax under IRC Section 501(c)(3), though it is subject to tax on income unrelated to their exempt purpose, unless that income is otherwise excluded by the code. AFBIU has processes presently in place to ensure the maintenance of their tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. For AFBIU, the tax year ending September 30, 2014 is still open to audit for both federal and state purposes. The organization has determined that there are no material uncertain tax positions that require recognition disclosure in the financial statements. Parts XI, XII & XIII BIU and AFBIU receive separate audited financial statements that are compiled by two different accounting firms and are prepared in two different currencies. The first set of financial statements reports the activities of BIU; all financial data is reported in shekels. The second set of financial statements reports the activities of AFBIU; all financial data is reported in dollars. For 990 purposes, the financial data in both reports are combined. Due to fluctuations in currency exchange rates and different accounting principles in the U.S. vs. Israel, Parts XI, XII and XIII of Schedule D are omitted. The 2013 instructions to the Form 990 stipulate that an organization receiving consolidated audited financial statements is not required to complete Schedule D, Parts XI, XII & XIII. While BIU does not receive consolidated audited financial statements per se, the act of combining two separate financial statements to report its activities amounts to the same thing. For these reasons, Bar Ilan University of Israel, Inc. has opted to forego completion of Schedule D, Parts XI, XII & XIII. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 BIU'S NONDISCRIMINATORY POLICY IS PUBLISHED IN MOST OF THE UNIVERSITY's COMMUNICATIONS TO THE PUBLIC, INCLUDING IN BROCHURES, IN NEWSPAPER ARTICLES, ON ITS WEBSITE, AND IN ITS ADMISSION APPLICATION. Schedule E, Line 6a THE UNIVERSITY RECEIVES THE overwhelming BULK OF ITS PUBLIC SUPPORT FROM THE COUNCIL ON HIGHER EDUCATION. THE COUNCIL ON HIGHER EDUCATION FUNDS VARIOUS UNIVERSITIES AND PROVIDES SPECIFIC FUNDING FOR BASIC RESEARCH. true Middle East and North Africa 1 6661 Program Services Education/Research 380230798 Europe (Including Iceland and Greenland) 1 Fundraising North America 1 Fundraising East Asia and the Pacific 1 Fundraising Central America and the Caribbean Investments 1833594 Middle East and North Africa Investments 221674402 4 6661 4 6661 603738794 603738794 Student Scholarships Middle East and North Africa 4146 21344967 CASH Masters Degree Scholarships Middle East and North Africa 604 28906992 CASH false false false false false false Schedule F, Part I, Line 2 BIU offers two types of grants to individuals. 1. Student Scholarships - BIU provides student scholarships to individuals who intend to matriculate at the University. These scholarships are based on either merit or need. BIU has a Scholarship Department that oversees and monitors the issuance of grants to students. Since the funds are used exclusively to defray the costs of tuition, monitoring of funds is very limited. 2. Research Grants - BIU provides research grants primarily to graduate students and visiting scientists to conduct research in conjunction with BIU faculty and students. Schedule F, Part I, Line 3 Bar-Ilan University in Israel, Inc. is an american organization that is, as noted in other parts to the Form 990, comprised of the university itself (BIU), and its fundraising division (AFBIU). BIU is located in the Middle East; AFBIU operates in the United States. The preponderance of BIU's activities are conducted in Israel and the amounts reported as expenditures in the Middle East and North Africa Region represent all costs incurred by BIU in pursuit of operating the University (inclusive of scholarship costs). In recent years, BIU has expanded its fundraising efforts outside Israel (other than in the United States) to those regions listed in Part I, Line 3. BIU is, as of the date of this filing, unable to quantify how many employees are classified as working in each region, but it is expected to be a very small amount. As of the time of filing, BIU has not specifically tracked expenditures related to those regions. Amounts reported as investments in the Caribbean region represent investments held by AFBIU in its portfolio; all of BIU's investments are held in the Middle East Region. Schedule F, Part III BIU provides scholarships to students matriculating at the institution at all degree levels. The scholarship breakdown (as reported on Schedule F, Part III is as follows: Bachelor's Degree Students - 2,576 scholarships Master's Degree Students - 655 scholarships Doctorate Degree Students - 915 scholarships BIU also grants various research grants; for the year ending September 30, 2014, BIU awarded 604 research grants. X X X false false false false false false false false false Chaim Teitlebaum Rector 245325 0 0 0 0 59411 304736 0 Benjamin Ehrenberg Vice President for Research 199759 0 0 0 0 49494 249253 0 Judith Haimoff Associate Vice President 202369 0 0 0 0 40570 242939 0 Yaffa Zilbershatz Vice President/Deputy Pres. 220236 0 0 0 0 53957 274193 0 Relly Shavit CFO 194547 0 0 0 0 41447 235994 0 Menachem Greenbloom CRO 147054 0 0 0 0 12849 159903 0 Daniel B Engel Controller (AFBIU) 126025 0 0 0 5958 23353 155336 0 MATTHEW MARYLES CEO (AFBIU) 223553 0 0 0 11250 18638 253441 0 SUSAN SOLOMON Chief Admin. Officer (AFBIU) 170825 0 0 0 8750 11394 190969 0 Shachar Lipshitz PROFESSOR 253179 0 0 0 0 44844 298023 0 Gidon Prachamovsky PROFESSOR 219847 0 0 0 0 31611 251458 0 Ronald Solomon Exec. Dir., West Coast (AFBIU) 237124 0 0 0 21735 26998 285857 0 Howard Charish nat'l Director Develop (AFBIU) 216334 0 0 0 10815 16199 243348 0 Ran Tur-kaspa PROFESSOR 222984 0 0 0 0 55293 278277 0 Ido Kantor PROFESSOR 218777 0 0 0 0 53343 272120 0 Kenat Hochberg PROFESSOR 216539 0 0 0 0 46394 262933 0 Form 990, General Statement Bar-Ilan University in Israel, Inc. is a complex entity for U.S. tax reporting purposes. It consists of two separate Divisions, BIU, which operates in Israel, and AFBIU, which conducts fundraising and related activities in the United States. The activities of the two divisions roll into the Form 990 on a combined basis. All program service activities are conducted by BIU and substantially all fixed assets are held by BIU in Israel. BIU receives its own stand-alone financial statements and its financial data is reported in Shekels. For 990 purposes, those financial statements are converted to U.S. dollars using a representative conversion rate. AFBIU is the American fundraising arm of the University, which is located in the United States. AFBIU conducts its affairs, for all intents and purposes, akin to a "Friends of" organization that provides a fundraising mechanism for the benefit of Bar-Ilan University of Israel, Inc. AFBIU applied for recognition of tax exempt status separate and distinct from that of BIU in 2013; that exemption was granted by the Internal Revenue Service in September of 2014. The process of separating BIU and AFBIU has not been concluded prior to the conclusion of the organization's tax year; accordingly, BIU and AFBIU continue to aggregate their financial data and operational activity into one 990. AFBIU files its own independent form 990-N. The Form 990 has several Schedule O footnotes throughout the return to explain certain unusual aspects of BIU's operations. Form 990, Part I, Line 5 & Part V, Line 2a BIU has 6,661 employees. Since these employees are not U.S. residents, they do not receive a Form W-2. Part V, Line 2a and Part I, Line 5 require the organization to report its U.S. employees (as reported on Form W-3). none of the salaries paid to BIU employees are reported on a U.S. w-2. The 26 employees reported on Part V, Line 2a and Part 1, Line 5 represent employees of AFBIU, the U.S. entity that actually files a Form W-3. Form 990, Part IV, Line 4 & Schedule C BIU does conduct lobbying, but it does so outside the United States. BIU undertakes no lobbying activities in the United States and, as such, the organization is taking the position that it does not lobby for U.S. purposes (and can, thus, answer Part IV, Line 4 NO and dispense with filing Schedule C). AFBIU does not undertake any lobbying activities. Form 990, Part IV, Lines 28(a)-(c) BIU does not believe that it has any conflicts of interest that need to be reported on Schedule L of the Form 990; however, in the interests of clarity, the organization wishes to disclose that several Board Members have relationships with entities upon which the individual may also sit as a Board Member. BIU maintains that these relationships are incidental and the amounts remit between the organizations do not rise to the reporting thresholds required by Schedule L. Alternatively, to the extent that there are any contractual relationships with organizations that Board Members may be involved with, all such contracts are negotiated at arm's length and at market rates (and done in the ordinary course of business). The American Division, AFBIU, has no conflicting relationships to report in any capacity. Form 990, Part VI, Line 1a & 1b & Part VII BIU and AFBIU are governed by separate Boards. The BIU Board of Trustees is reported on the Form 990, Part VII. The BIU Board is comprised of approximately 96 individuals. AFBIU has a separate Board of Overseers that oversees U.S. activities (comprised of 36 individuals). twelve of the BIU Board members sit on the AFBIU board of overseers. S. Daniel Abraham* Harris Bak Steven J. Berger Daisy Berman Jonathan L. Blinken Jack D. Burstein Nissim Dahan Charles Frankel Daniel Gildin Cheryl Halpern Eleazer Hirmes Laurie M. Hirsch Stephen Hoffman Michael G. Jesselson* Mordecai D. Katz* Daniel Krasner Jane Stern Lebell* Frank Lee Michael Maling Jack M. Nagel* Fred Ohebshalom Drew Parker Gail Propp* Ira L. Rennert* Steven P. Rosenberg Peter Rzepka* David Sable Lawrence M. Schantz Jay L. Schottenstein* Gary A. Shiffman Rena Slomovic Ronnie Stern Moshael J. Straus* Ronald S. Tauber Mitchell Wohlberg* Alan Zekelman* * - Denotes individual sits on the BIU Board, as well. Form 990, Part VI, Line 2 The BIU board contains approximately 96 individuals, most of whom reside outside the United States. Some of these Board Members sit in an ex-officio or honorary capacity and have not been disclosed on the Form 990 since these individuals do not have voting powers. These board members may have family or business relationships. Additional information is available upon request. The AFBIU Board is comprised of 36 individuals the following family relationships have been identified: Jane Stern Lebell & Ronnie Stern have a family relationship. Jack Nagel & Drew Parker have a family relationship. Michael Jesselson & Steven Rosenberg have a family relationship. The AFIBU Board has not identified any business relationships between its board members. Form 990, Part VI, Line 9 Bar-Ilan University in Israel, Inc. has a United States mailing address; however, the majority of BIU's Board members are not U.S. citizens and reside outside the United States (either in Israel or in other foreign countries). Nevertheless, any officer, director, trustee or key employee listed on the Form 990 can be reached at Bar-Ilan University in Israel, Inc.'s United States mailing address. Form 990, Part VI, Line 11 Form 990 was prepared by an independent accounting firm in the United States, in conjunction with members of AFBIU management in the United States, with information provided by the BIU Finance Department in Ramat-Gan, Israel. The rules governing tax-exempt organizations in Israel are different than those used in the United States; accordingly, the BIU Finance department used its best efforts to comply with the requirements instituted by the Internal Revenue Service. The financial information pertaining to AFBIU is derived from U.S. audited financial statements issued in conformity with generally accepted accounting principles; the financial information pertaining to BIU is derived from audited financial statements prepared by the accounting firm of Kesselman and Kesselman in Tel Aviv, Israel in a format that is not customary for United States tax-exempt organizations. Accordingly, this Form 990 is prepared with combined financial information in a manner that best replicates the format in which data is intended to be captured on the Form 990. Form 990, Part VI, Line 12 BIU and AFBIU operate under different conflicts of interest procedures. BIU and its attendant personnel, Board Members and officers perform their job functions in Israel, where they are governed by procedures that are monitored in Israel. BIU's Comptroller will review any potential conflicts. In the U.S., AFBIU is supervised by a separate Board of Overseers. Each officer, board member and key employee of AFBIU is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position. AFBIU monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are reviewed immediately. Form 990, Part VI, Line 13 BIU does not have a whistleblower policy in place in Israel; however, it does have a document retention policy. AFBIU, located in the United States, has instituted both a whistleblower policy and a document retention policy. Form 990, Part VI, Line 15 Bar-Ilan University in Israel, Inc. has two classes of officers that are reported on Part VII and Schedule J of the Form 990. according to strict ISRAELI government guidelines, One officer class serves BIU. None of these officers are U.S. residents and, therefore, are not subject to United States employment tax rules. The compensation for these individuals is established according to strict government guidelines and regulations. These individuals do not have any input into the compensation granted to those persons running BIU. Since compensation is established pursuant to government regulations, the U.S. concept of rebuttable presumption of reasonableness is not an abiding concern. The second officer class serves AFBIU in the United States and is comprised of U.S. Citizens. For these individuals, AFBIU undertakes a thorough process to ensure that the executive compensation it pays to its officers and key employees is reasonable. In relevant part, the AFBIU Board has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. The Compensation Committee utilizes comparability and benchmarking surveys to ensure that AFBIU compensates its executives commensurate with the market. In the interests of clarity, please note that the following individuals listed on the Form 990 are BIU officers: Daniel Hershkowitz, President Chaim Teitlebaum, Rector Benjamin Ehrenberg, Vice President for Research Judith Haimoff, Associate Vice President Yaffa Zilbershats Vice President/Deputy President Relly Shavit, CFO Menachem Greenbloom, CRO The following individuals are operating officers of AFBIU: Matthew Maryles (thru 12/14), CEO Susan Solomon, CAO Daniel Engel, Controller Form 990, Part VI, Line 19 The taxpayer makes its Form 990 available to the public by retaining a copy at its place of business in the United States. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part VIII, Line 3 Since BIU's investment portfolio is held outside the United States, a detailed schedule of investment gains is unavailable. The University's audited financial statements report the following mix of investment gains and losses: Appreciation of Securities 14,940,661 Interest Income 1,376,173 Currency Exchange (3,623,827) Bank Expenses (23,461) Fund Revaluation 787,938 Stabilizing Gains (2,643,626) --------------------------------------- Total Inv. Gains (Israel) $11,237,984 To the extent any of this investment gain represents a capital gain, it has been reported on Line 3 instead of Line 7. Form 990, Part VIII, Line 11(a) The audited financial statements of BIU are not presented according to US GAAP; accordingly, the classifications of revenue streams are not consistent with U.S. presentation. Miscellaneous income reported on Line 11 represents revenues from a diverse variety of activities undertaken by BIU (e.g. real property rental income); additional detail is available upon request. All of these activities are either related to the University's exempt mission or otherwise excludible as activities that are provided for the convenience of the University's students, faculty and/or visitors. These revenue streams include real property rental income (as well as income from the leasing of roof space for the installation of cell antennae). Form 990, Part IX The functional expense classification on Part IX of the Form 990 is broadly representative of the allocation of program service expenses as reported in the Israel financial statements. Unlike most U.S. financial statements, the Israeli financial statements do not allocate expenses between administrative (overhead) expenses and those expenses used in day-to-day programs. BIU has allocated the expenses consistent with the presentation in previous Forms 990. BIU broadly identifies fundraising expenditures in its annual audited financial statements; however, the organization does not specifically track or identify those expenses in its audited financial statements. These amounts have been classified in the aggregate on Line 24(e). AFBIU's audited financial statements do include a very precise classification of its fundraising expenditures; accordingly, those expenses have been identified in Part IX, column (d) in their appropriate classification. Form 990, Part IX, Line 5 BIU is reporting its calendar year wages on Form 990, Part IX, Line 5 since a more accurate breakout on a fiscal basis is not available due to the unusual manner in which the Form 990 data for the organization are compiled. Form 990, Part IX, Line 24(a) BIU lists an expenditure for University Projects - totaling - $15,034,641. This expense represents amounts granted by AFBIU to the University to fund projects, scholarships, and educational programs. Essentially, this transaction is an expenditure on AFBIU's financial statements, but represents revenue received by BIU in the Israeli financial statements. Since BIU does not specifically identify the revenue in the financial statements as coming from AFBIU, and the amount is allocated to various different revenue accounts, in the interests of clarity, Bar-Ilan University in Israel is reporting both sides of the transaction. Form 990, Part XI, Line 9 Net Assets Released from Restriction: BIU - $4,915,885 Currency Exchange Valuation and Other Adjustments PER the BIU Financial Statements: - $6,085,590 Unrealized gains and change in value of split interest agreement: - $305,149 ----------------------------------------------------------- Total Changes in Net Assets: $11,306,624 Bar Ilan Research and Development Co Bar Ilan University Ramat Gan IS 52900 RESEARCH IS 0 0 Bar Ilan Ludwig and Erica Jesselson Higher Torah Bar Ilan University 52900 ramat gan IS Education IS n/a N/A NA false haron Dahan Fund for Bar-ilan university 160 east 56th street new york NY 10022 263541989 fundraising NY 501(c)(3) 11 na false false true false false false false false false false false false false true true true false false false false Schedule R, Part I Bar Ilan research and Development company is a private company engaged in commercializing the University's intellectual property. the organization is owned 100% by biu; its activities are immaterial to biu's financial statements; accordingly, the total income and end of year assets are not available at this time.