2024-08-14T06:34:58-05:00 2023-12-31 541029635 THOMPSON GREENSPON 4035 RIDGE TOP RD SUITE 700 FAIRFAX VA 22030 990 2023-01-01 223090463 IMPACTISRAEL INC IMPA 7817467228 200 HIGHLAND AVENUE SUITE 301 NEEDHAM MA 02494 BENJAMIN MARCHETTE CHIEF EXECUTIVE OFFICER 7817467228 2024-08-09 1 1 TRACY M MOREY CPA P01521539 7033858888 2023 2024-08-08 14:25:15Z BENJAMIN MARCHETTE 200 HIGHLAND AVENUE SUITE 301 NEEDHAM MA 02494 21180768 0 X WWW.IMPACT-ISRAEL.ORG X 1990 MA IMPACTISRAEL SUPPORTS THE PROGRAMS AND ACTIVITIES OF YEMIN ORDE WINGATE YOUTH VILLAGE AND THE VILLAGE WAY EDUCATIONAL INITIATIVES IN ISRAEL. 31 31 9 35 0 12273 10031542 12110230 0 0 420359 1379835 -25441 51566 10426460 13541631 7904509 9712842 0 0 977632 1159127 0 0 1092316 824224 618953 9706365 11490922 720095 2050709 24064542 31088007 1325756 4502515 22738786 26585492 IMPACTISRAEL SUPPORTS THE PROGRAMS AND ACTIVITIES OF YEMIN ORDE WINGATE YOUTH VILLAGE AND THE VILLAGE WAY EDUCATIONAL INITIATIVES IN ISRAEL. 0 0 4751074 4737616 THE YOUTH VILLAGE IS LOCATED ON 77 ACRES ATOP MOUNT CARMEL IN NORTHERN ISRAEL. THE YOUTH VILLAGE PROVIDES A HOME, A SAFE HAVEN, AND AN EDUCATION TO AT-RISK IMMIGRANT CHILDREN FROM AROUND THE WORLD. THROUGH A DEEPLY SENSITIVE APPROACH TO LIVING AND LEARNING, AND A DEDICATED STAFF AND TEAM OF PROFESSIONALS, THESE FORMERLY TRAUMATIZED CHILDREN'S LIVES ARE TRANSFORMED. THEY DEVELOP SELF-ESTEEM AND LEADERSHIP SKILLS AND LEARN TO LIVE IN WHOLENESS: HEALTHY, CAPABLE, AND STRONG. THE YOUTH VILLAGE ALSO INCLUDES A HIGH SCHOOL, AN ART AND MUSIC CENTER, A MODERN COMPUTER CENTER, A CENTRAL DINING ROOM, LIBRARY, ECO-FARM, AND SPORTS FACILITIES. 4975226 4975226 VILLAGE WAY EDUCATIONAL INITIATIVES (VWEI) IS AN INDEPENDENT ORGANIZATION CREATED IN 2006 TO EXTEND YEMIN ORDE'S UNIQUE METHODOLOGY, CALLED THE VILLAGE WAY, TO TRANSFORM OTHER YOUTH VILLAGES AND PUBLIC HIGH SCHOOLS IN ISRAEL SERVING AT-RISK YOUTH. FACILITATORS PROVIDE RESOURCES, WORKSHOPS, TEACHER TRAINING AND INTERVENTIONS TO EMPOWER EDUCATORS THROUGHOUT ISRAEL. IN ADDITION, VWEI PROVIDES RESOURCES FOR THREE PRE-MILITARY LEADERSHIP PROGRAMS - TWO FOR MEN AND ONE FOR WOMEN - IN NORTHERN ISRAEL. 9726300 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 9 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA MD MA NY NJ X X X BENJAMIN MARCHETTE 7817467228 200 HIGHLAND AVENUE SUITE 301 NEEDHAM MA 02494 ROBERT AROGETI BOARD CHAIRMAN 10.00 X X 0 0 0 GEORGE BLANK IMMEDIATE PAST CHAIRMAN 2.00 X X 0 0 0 CHARLES GWIRTSMAN TREASURER 3.00 X X 0 0 0 JEREMY BARNETT CAMPAIGN CHAIRPERSON 1.00 X X 0 0 0 MICHAEL FRIEZE CHAIR EMERITUS 1.50 X 0 0 0 MICHAEL SALZHAUER INVESTMENT COMMITTEE CHAIR 2.00 X 0 0 0 DAVID AMAR BOARD MEMBER 0.50 X 0 0 0 ALLEN APPLBAUM BOARD MEMBER 1.00 X 0 0 0 MICHAEL AZEEZ BOARD MEMBER 3.00 X 0 0 0 ERICA BLOOM BOARD MEMBER 0.50 X 0 0 0 MARK CLASTER BOARD MEMBER 1.00 X 0 0 0 MICHELLE BOND COPELIN BOARD MEMBER 0.50 X 0 0 0 JONATHAN CORDISH BOARD MEMBER 1.00 X 0 0 0 DAVID FRIEZE BOARD MEMBER 1.00 X 0 0 0 VICTOR HAMMEL BOARD MEMBER 2.00 X 0 0 0 JEFFREY HIRSCHFELD BOARD MEMBER (BEG 5/16/23) 1.00 X 0 0 0 JUDY KAYE BOARD MEMBER 0.50 X 0 0 0 BETH LANDMAN BOARD MEMBER 1.50 X 0 0 0 JASON LAZAR BOARD MEMBER 1.00 X 0 0 0 JILL LINHARDT BOARD MEMBER (BEG 5/16/23) 1.00 X 0 0 0 DALE OKONOW BOARD MEMBER 1.50 X 0 0 0 RABBI MICHAEL PALEY BOARD MEMBER 0.50 X 0 0 0 HARVEY POTTER BOARD MEMBER 1.00 X 0 0 0 STEVEN ROSENFELD BOARD MEMBER 1.00 X 0 0 0 ERIC SCHWARTZ BOARD MEMBER 2.00 X 0 0 0 BARRY SHRAGE BOARD MEMBER 1.00 X 0 0 0 LEWIS SHUBIN BOARD MEMBER 1.50 X 0 0 0 ROBERT SHUBIN BOARD MEMBER 1.00 X 0 0 0 PAULA SOLOMON BOARD MEMBER 1.00 X 0 0 0 MARK SOLOMON BOARD MEMBER THROUGH 9/30/23 0.50 X 0 0 0 DR CHAIM PERI LIFETIME TRUSTEE 10.00 X 0 0 0 PAUL SILBERBERG LIFETIME TRUSTEE 0.50 X 0 0 0 BENJAMIN MARCHETTE CHIEF EXECUTIVE OFFICER 50.00 X 269870 0 31726 RACHEL LERNER CHIEF DEVELOPMENT OFFICER 40.00 X 206023 0 10994 ELIZABETH KLIBANOFF SR DIRECTOR DEVELOPMENT 40.00 X 113465 0 3415 BOB GURMANKIN MAJOR GIFTS OFFICER 40.00 X 104271 0 3120 693629 0 49255 4 0 1 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT ST STE 1200 PHILADELPHIA PA 19102 ACCOUNTING SERVICES 150423 1 12110230 181396 12110230 562558 562558 8456414 7639137 817277 817277 817277 GAIN ON FOREIGN CURRENCY 900099 51566 51566 51566 13541631 0 0 1431401 9712842 9712842 301596 30160 271436 747126 204202 542924 15539 4277 11262 20912 7086 13826 73954 16746 57208 203141 203141 142539 142539 15542 3519 12023 48216 10918 37298 47048 7716 39332 24286 5499 18787 39358 8912 30446 32779 7422 25357 13458 13458 6274 1421 4853 INCOME TAX EXPENSE 3797 3797 SPECIAL EVENTS/PROGRAM 15145 15145 DUES AND SUBSCRIPTIONS 9402 2129 7273 BAD DEBT 6642 6642 11326 6180 5146 11490922 9726300 672306 1092316 1460265 2999773 600300 672408 3854766 4687672 4972 45987 578144 170405 417647 407739 16967261 21501979 759331 772449 24064542 31088007 12802 19207 1149670 4355693 163284 127615 1325756 4502515 X 10508533 13274907 12230253 13310585 22738786 26585492 24064542 31088007 2050709 1095997 700000 0 X 0 1 X 1 0 X 8380363 6719124 8455030 10074900 12110230 45739647 8380363 6719124 8455030 10074900 12110230 45739647 8744408 36995239 561108 564186 459699 493849 562558 2641400 22958 2555 14619 3118 43250 48424297 0.76400 0.76080 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 22,958. 2020 AMOUNT: $ 2,555. 2021 AMOUNT: $ 14,619. 2022 AMOUNT: $ 137. 2023 AMOUNT: $ 0. PAYROLL TAX REFUND - 2022 AMOUNT: $ 2,981. 2023 AMOUNT: $ 0. SCHEDULE A, PART II, LINE 1 2021 WAS INCREASED BY 650,000 TO ACCOUNT FOR THE PRIOR PERIOD ADJUSTMENT. 2022 WAS INCREASED BY 43,358 TO ACCOUNT FOR THE PRIOR PERIOD ADJUSTMENT LESS AN ADJUSTMENT FOR UNCOLLECTIBLE PLEDGES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16967261 3100239 2295882 861403 21501979 19926318 745839 -1960542 1744354 16967261 17471510 1950329 2366408 1861929 19926318 16221886 643859 1413906 808141 17471510 13823573 581498 2415369 598554 16221886 0.60930 0.25740 0.13330 0 0 132800 132800 425000 164729 260271 20344 5676 14668 407739 OPERATING LEASE LIABILITY 127615 127615 X 14495089 1095997 1095997 13399092 142539 142539 13541631 11348383 0 11348383 142539 142539 11490922 PART V, LINE 4: THE ENDOWMENT OPERATES FOR THE PURPOSE OF MEETING THE LONG-TERM AND EMERGENCY NEEDS OF IMPACTISRAEL TO CARRY OUT ITS CHARITABLE PURPOSES. PART X, LINE 2: THE ORGANIZATION COMPLIES WITH THE PROVISIONS OF FASB ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, NO UNRECOGNIZED TAX PROVISION OR BENEFIT EXISTS IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES GRANTS TO RECIPIENTS LOCATED IN THE REGION 9712842 0 0 0 0 0 0 9712842 0 9712842 MIDDLE EAST AND NORTH AFRICA SUPPORT THE PROGRAMS AND ACTIVITIES OF YEMIN ORDE YOUTH VILLAGE 4737616 WIRE 0 MIDDLE EAST AND NORTH AFRICA SUPPORT THE PROGRAMS AND ACTIVITIES OF VILLAGE WAY EDUC. INITIATIVES. 4975226 WIRE 0 2 0 1 0 0 0 0 0 PART I, LINE 2: GRANT FUNDS ARE MONITORED BY A REVIEW OF SELECTED EXPENSE RECEIPTS DURING ANNUAL SITE VISITS. THE GRANTEE SENDS BUDGET TO ACTUAL REPORTS THAT INCLUDE LINE ITEM DETAILS AND COPIES OF RECEIPTS. THE ORGANIZATION RECEIVES PERIODIC REPORTS DESCRIBING THE PROGRESS AND ACHIEVEMENTS MADE BY THE GRANTEE WITH BENCHMARKS THAT EVALUATE THE SUCCESS AND CHALLENGES OF THE PROGRAMS MANAGED BY THE GRANTEE. PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL BASIS OF ACCOUNTING PART IV, LINE 1 THE TRANSFER OF PROPERTY TO A FOREIGN CORPORATION WAS IN THE FORM OF GRANTS WHICH DOES NOT REQUIRE COMPLETION OF FORM 926. X X X X 0 0 0 0 0 0 0 0 0 BENJAMIN MARCHETTE CHIEF EXECUTIVE OFFICER 249870 0 20000 0 0 0 6000 0 25726 0 301596 0 0 0 RACHEL LERNER CHIEF DEVELOPMENT OFFICER 206023 0 0 0 0 0 6000 0 4994 0 217017 0 0 0 PART I, LINE 3 THE CHIEF EXECUTIVE OFFICER'S SALARY IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE, WHICH INCLUDES THE CHAIR OF THE BOARD AND THE IMMEDIATE PAST CHAIR. RESEARCH IS DONE WITH AN EXECUTIVE RECRUITER TO DETERMINE APPROPRIATE COMPENSATION. THE LAST REVIEW TOOK PLACE IN MAY 2023. X 9 181396 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS LEWIS AND ROBERT SHUBIN ARE FATHER AND SON. DAVID FRIEZE IS THE SON OF MICHAEL FRIEZE. PAULA SOLOMON IS THE WIFE OF MARK SOLOMON. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE TREASURER. THE FORM WAS THEN SUBMITTED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C (A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION ON, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. (B) THE CHAIRPERSON OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER IT IS FAIR AND REASONABLE TO THE CORPORATION AND MAKES ITS DECISIONS AS WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS, IN FACT, FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF EXECUTIVE OFFICER'S SALARY IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE, WHICH INCLUDES THE CHAIR OF THE BOARD AND THE IMMEDIATE PAST CHAIR. RESEARCH IS DONE WITH AN EXECUTIVE RECRUITER TO DETERMINE APPROPRIATE COMPENSATION. THIS PROCESS INCLUDES THE USE OF COMPARABILITY DATA. THE LAST REVIEW TOOK PLACE IN MAY 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.