2025-11-17T15:07:33-06:00 2024-12-31 133399047 PERELSON WEINER ACCOUNTANTS AND ADVISORS 299 PARK AVENUE 2ND FLOOR NEW YORK NY 101710002 990 2024-01-01 133691494 AMERICAN FRIENDS OF OGEN INC AMER 2163104912 2330 MILTON ROAD UNIVERSITY HEIGHTS OH 44118 ARI H JAFFE PRESIDENT & DIRECTOR 2163104912 2025-11-17 1 0 SANDY CHAN CPA P01286568 2126053100 2025-11-17 2024 2025-03-06 01:10:19Z ARI H JAFFE 2330 MILTON ROAD UNIVERSITY HEIGHTS OH 44118 24744669 0 X N/A X 1992 NY THE ORGANIZATION MAY ENGAGE IN ALL FORMS OF CHARITABLE ACTIVITY (SEE CONTINUATION ON SCHEDULE O)WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS PRIMARILY ENGAGED IN PROVIDING INTEREST-FREE AND LOW INTEREST LOANS AND FINANCIAL EDUCATION TO INDIVIDUALS, FAMILIES, BUSINESSES AND NON-PROFIT ORGANIZATIONS IN ISRAEL THROUGH GRANTS TO OGEN - ISRAEL FREE LOAN FUND, AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP." 8 8 0 0 0 0 3210464 24708352 0 0 1841 36317 0 0 3212305 24744669 3189820 24443877 0 0 142163 0 0 0 21012 72500 124684 3404483 24568561 -192178 176108 12021999 16892086 12159140 16853119 -137141 38967 X THIS ORGANIZATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO OGEN - ISRAEL FREE LOAN FUND AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP", WHICH PROVIDES INTEREST FREE LOANS, LOW INTEREST LOANS AND FINANCIAL EDUCATION FOR (SEE CONTINUATION ON SCHEDULE O)LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES, SMALL BUSINESSES AND NON-PROFITS IN ISRAEL. 0 0 24443877 24443877 IN FURTHERANCE OF THE ORGANIZATION'S CHARITABLE PURPOSES, THE ORGANIZATION MADE GRANTS OF $24,443,877 TO THE OGEN - ISRAEL FREE LOAN FUND, AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP", WHICH PROVIDES INTEREST FREE LOANS, LOW INTEREST LOANS AND FINANCIAL EDUCATION FOR LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES, SMALL BUSINESSES AND NON-PROFITS. 0 AMERICAN FRIENDS OF OGEN - SLF, LLC, A DELAWARE LIMITED LIABILITY COMPANY THAT IS WHOLLY OWNED BY AMERICAN FRIENDS OF OGEN, INC., AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), PARTICIPATES ON BEHALF OF SOCIAL IMPACT FUND INVESTORS IN THE OGEN - ISRAEL SOCIAL LOAN FUND, AN IMPACT INVESTMENT FUND PROGRAM OF OGEN - ISRAEL FREE LOAN FUND, AN ISRAELI NONPROFIT ENTITY, DESIGNED TO PROVIDE LOW-INTEREST LOANS AND FINANCIAL EDUCATION TO BUSINESSES, AND NONPROFIT ORGANIZATIONS OTHERWISE UNABLE TO ACCESS AFFORDABLE CREDIT, TO ENABLE THEM TO ACHIEVE SUSTAINABLE, TRANSFORMATIVE ECONOMIC SECURITY AND/OR MOBILITY, AND THEREBY TO RELIEVE THE POOR AND DISTRESSED AND PREVENT COMMUNITY DETERIORATION. THE PURPOSE OF THE LOAN IS TO ACCOMPLISH THE ABOVE-DESCRIBED PURPOSES AND NOT (SEE CONTINUATION ON SCHEDULE O)FOR PRODUCTION OF INCOME OR THE APPRECIATION OF PROPERTY. DURING AND AS OF 12/31/2024, AMERICAN FRIENDS OF OGEN - SLF, LLC HAS A NOTE RECEIVABLE FROM OGEN - ISRAEL SOCIAL LOAN FUND OF $13,518,357, AND NOTES PAYABLE TO SOCIAL LOAN FUND LENDERS OF $13,518,357 AND AN INTEREST RECEIVABLE FROM OGEN - ISRAEL SOCIAL LOAN FUND OF $333,212 AND INTEREST PAYABLE TO SOCIAL LOAN FUND LENDERS OF $333,212. 24443877 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY CA CT FL IL MD MA MI NJ OH PA CO X ARI JAFFE 2163104912 C/O AMERICAN FRIENDS OF OGEN INC UNIVERSITY HEIGHTS OH 44118 ARI H JAFFE PRESIDENT AND DIRECTOR 2.00 X X 0 0 0 BEN JAFFE TREASURER AND DIRECTOR 2.00 X X 0 0 0 ROBERT GOTTESMAN SECRETARY AND DIRECTOR 1.00 X X 0 0 0 MICHAEL LUSTIG DIRECTOR 0.50 X 0 0 0 RUTH SALZMAN DIRECTOR 0.50 X 0 0 0 BETH SIRULL DIRECTOR 0.50 X 0 0 0 MISHA GALPERIN DIRECTOR 0.50 X 0 0 0 GUY KUPERMAN DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 24708352 24708352 36317 36317 ACCRUED INTEREST FROM NOTE RECEI 900099 121258 121258 LESS: NOMINEE INTEREST PAYABLE TO 900099 -121258 -121258 24744669 36317 0 0 24443877 24443877 3147 3147 67581 67581 15600 15600 21012 21012 3777 3777 2876 2876 BANK AND WIRE FEES 10311 10311 FILING FEES 380 380 24568561 24443877 103672 21012 1334170 3018905 64207 21312 168 300 10623454 13851569 12021999 16892086 56630 65533 1461056 2602747 10641454 14184839 12159140 16853119 X -137141 38967 -137141 38967 12021999 16892086 176108 0 X X 0 1 X 1 0 X 1362231 2194758 1665722 3220464 24708352 33151527 1362231 2194758 1665722 3220464 24708352 33151527 18860907 14290620 33151527 0.43110 0.91650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTEREST RECEIVABLE ON PROMISSORY NOTE - OGEN-ISRAEL SOCIAL LOAN FUND 333212 PROMISSORY NOTE RECEIVABLE - OGEN-ISRAEL SOCIAL LOAN FUND 13518357 13851569 INTEREST PAYABLE ON PROMISSORY NOTES PAYABLE TO LENDERS 333212 PROMISSORY NOTES PAYABLE TO LENDERS 13518357 DUE TO OGEN-ISRAEL SOCIAL LOAN FUND 50000 DUE TO SPARKIL 283270 14184839 X 24865927 121258 121258 24744669 0 24744669 24689819 121258 121258 24568561 0 24568561 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS A PUBLIC CHARITY, WHICH ALLOWS DONORS THE MAXIMUM CHARITABLE DEDUCTION. THE ORGANIZATION HAS ANALYZED ITS TAX FILING POSITIONS AND CONCLUDED IT HAS NO UNCERTAIN TAX POSITION. ACCORDINGLY, AN ACCRUAL OF LIABILITY RELATED TO UNCERTAIN TAX POSITION IS DEEMED NOT NECESSARY. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, OF THE ORGANIZATION FOR THE YEARS ENDED 2021, 2022 AND 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. NO INCOME TAX ASSOCIATED INTEREST OR PENALTIES HAVE BEEN INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST ON PROMISSIORY NOTE RECEIVABLE-OGEN - ISRAEL SOCIAL LOAN FUND $121,258 PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST ON PROMISSORY NOTES PAYABLE TO LENDERS $121,258 0 0 0 0 0 0 0 0 0 0 MIDDLE EAST SEE PART V - PROVIDE FINANCIAL SUPPORT TO THE OGEN-ISRAEL FREE LOAN FUND, AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP", WHICH PROVIDES INTEREST FREE LOANS TO LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES AND TO SMALL BUSINESSES. 12257082 CHECK / WIRE TRANSFER 0 MIDDLE EAST SEE PART V - PROVIDE FINANCIAL SUPPORT TO KEREN SHEMESH, A SUBSIDIARY OF THE OGEN-ISRAEL FREE LOAN FUND, WHICH PROVIDES INTEREST FREE LOANS TO LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES AND TO SMALL BUSINESSES. 2000000 CHECK / WIRE TRANSFER 0 MIDDLE EAST SEE PART V - PROVIDE FINANCIAL SUPPORT TO OGEN SOCIAL LOAN FUND, AN IMPACT INVESTMENT FUND PROGRAM OF THE OGEN-ISRAEL FREE LOAN FUND, WHICH PROVIDES INTEREST FREE LOANS TO LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES AND TO SMALL BUSINESSES. 10186795 CHECK / WIRE TRANSFER 0 0 0 0 0 0 0 PART II LINE 1 THE GRANTEES OF THE GRANTS OF $12,257,082, $2,000,000, AND $10,186,795 LISTED IN PART II, LINE 1 IS THE OGEN-ISRAEL FREE LOAN FUND AND ITS SUBSIDIARIES("OGEN GROUP"), WHICH IS AN ISRAELI NOT FOR PROFIT ORGANIZATION THAT FILES REPORTS WITH, IS UNDER THE SUPERVISION OF, AND SUBJECT TO AUDIT BY THE REGISTRAR OF NON PROFIT ORGANIZATIONS AT THE ISRAEL MINISTRY OF JUSTICE AND THE NON-PROFIT DIVISION OF THE ISRAEL FINANCE MINISTRY. THE OGEN GROUP, IS A HIGHLY REGARDED ORGANIZATION WITH A LONGSTANDING HISTORY AND SUCCESS RATE. OVER THE LAST 30 YEARS, THE OGEN GROUP HAS PROVIDED OVER $550 MILLION IN INTEREST-FREE LOANS TO LOW AND MIDDLE INCOME ISRAELIS AND SMALL BUSINESSES. THE OGEN GROUP'S LOANS ARE CLASSIFIED INTO THREE SECTORS, FAMILIES AND INDIVIDUALS, NON-PROFIT, AND SMALL BUSINESSES. FAMILIES AND INDIVIDUALS DEFAULT RATES ARE 0.65%, 0.70%, AND 0.70% FOR 2025, 2024, AND 2023, RESPECTIVELY. NON-PROFIT DEFAULT RATES ARE 0.50% FOR 2025, 2024, AND 2023. SMALL BUSINESSES DEFAULT RATES ARE 2.80%, 2.70%, AND 2.50% FOR 2025, 2024 AND 2023, RESPECTIVELY. LOANS ARE REPAID ALMOST ENTIRELY, THUS RECYCLING DONATIONS FOR FURTHER LOANS. ON AVERAGE, EVERY DOLLAR DONATED HAS BEEN RECYCLED MORE THAN 5 TIMES SINCE THE ORGANIZATION WAS FOUNDED IN 1990. THE OGEN GROUP, AS OF OCTOBER 31, 2025, HAS 610 NAMED LOAN FUNDS VALUED APPROXIMATELY $126,000,000. IN TOTAL, INCLUDING CONTRIBUTIONS, IMPACT INVESTMENTS, BANK FINANCING, LOAN LOSS RESERVES AND RESERVE LOSS GUARANTEES, THE OGEN GROUP MANAGES NET ASSETS OF APPROXIMATELY $268,000,000. IN 2023 AND 2024, THE NEW ISRAELI SHEKEL (NIS) DECLINED IN VALUE, NOTING THAT USD DONATIONS RECEIVED ARE CONVERTED INTO NIS. LOANS MADE IN ISRAEL ARE IN NIS AND REPAID IN ISRAEL IN NIS, REPAYMENT OF LOANS TO AMERICAN FRIENDS OGEN-SLF, LLC ARE IN USD. DURING 2025, NIS HAS EXPERIENCED A RECOVERY. OF THE GRANTS TO THE OGEN GROUP IN 2024 A DEMINIMIS AMOUNT WAS FOR OVERHEAD IN CONNECTION WITH INTEREST FREE LOAN OPERATIONS AND THE BALANCE WAS FOR THE ESTABLISHMENT OF OR ADDITION TO LOAN FUNDS FOR INTEREST FREE LOANS TO LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES AND TO SMALL BUSINESSES. FORM 990, PART VI, SECTION A, LINE 2 ARI JAFFE AND BEN JAFFE, FATHER AND SON, RELATIVES OF OGEN FOUNDER PROFESSOR ELIEZER JAFFE (DECEASED) ARE OFFICERS AND DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990, INCLUDING SCHEDULES WAS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL BEFORE FILING. THE BOARD DEEMS THIS PROCESS SUFFICIENT IN LIGHT OF THE LIMITED NATURE OF THE ORGANIZATION'S ASSETS AND OPERATIONS, AS REFLECTED IN PART VIII THROUGH X OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C TO THE EXTENT NECESSARY, THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. SUCH MONITORING ENFORCEMENT INCLUDES REQUIRING OFFICERS AND DIRECTORS TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. NO COMPENSATION IS PAID TO OFFICERS OR DIRECTORS AND THE ONLY THIRD PARTY PROVIDERS OF GOODS OR SERVICES TO THE ORGANIZATION ARE BANKS, A PROCESSOR OF ELECTRONIC PAYMENTS, AND THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN PROCESS AMERICAN FRIENDS OF OGEN-SLF LLC 2330 MILTON RD UNIVERSITY HEIGHTS OH 44118 850836544 CHARITABLE NOMINEE INVESTMENT IN ISRAEL SOCIAL LOAN FUND DE 15254 13934997 AMERICAN FRIENDS OF OGEN INC SPARKIL 17 / 15 NAKHUM KHAFTSADI ST JERUSALEM IS ISRAEL CHARITY AND PEER-TO-PEER LENDING PLATFORM IS 0 KEREN-SHEMESH 17/ 15 NAKHUM KHAFTSADI ST JERUSALEM IS ISRAELI NONPROFIT BUSINESS LEADERS NETWORK FOR SMALL BUSINESSES & NONPROFITS IS 0 OGEN-ISRAEL FREE LOAN FUND 17 / 15 NAKHUM KHAFTSADI ST JERUSALEM IS ISRAELI CHARITY OFFERS INTEREST FREE LOANS & FINANCIAL GUIDANCE TO ISRAELIS IS 0 OGEN-SOCIAL LOAN FUND 17 / 15 NAKHUM KHAFTSADI ST JERUSALEM IS ISRAEL'S NONPROFT SOCIAL LENDER PROVIDING LIFE-CHANGING LOANS TO FAMILIES AN IS 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 OGEN-ISRAEL SOCIAL LOAN FUND B 10144795 CASH AMERICAN FRIENDS OF OGEN - SLF LLC L NOT CHARGEABLE KEREN-SHEMESH B 2000000 CASH OGEN-ISRAEL FREE LOAN FUND B 12257082 CASH