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New York BBB Wise Giving Report for
AMIT Children

A BBB Accredited charity

 



Expiration Date:
09/2016
Name:
AMIT Children
Address:
817 Broadway
New York, NY 10003
Phone:
212-477-4720
800-989-AMIT
Year, State Incorporated:
1925, New York
Affiliates:
None
Stated Purpose:
" To enable Israel's youth to realize their potential and strengthen Israeli society by educating and nurturing children from diverse backgrounds within a framework of academic excellence, religious values, and Zionist ideals. "





Evaluation Conclusions
 

              
AMIT Children meets the 20 Standards for Charity Accountability.




Programs
 

              
AMIT prides itself on its network of 110 schools and programs serving over 28,000 students from diverse socioeconomic and ethnic backgrounds throughout Israel. These schools promote religious tolerance, service to the state, and individuality.



Governance
 

              
Chief Executive Officer:
Mr. Andrew Goldsmith, Executive VP
Compensation*:
$190,385
Chair of the Board:
Ms. Ina Tropper
Chair's Profession / Business Affiliation:
Chairman of Board of Directors / AMIT Children
Board Size:
47
Paid Staff Size:
31



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), grant proposals, internet, planned giving arrangements
Fund raising costs were 10.7% of related contributions. (Related contributions, which totaled $9,822,538, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on AMIT's Audited Financial Statements for the fiscal year ended December 31, 2012

Source of Funds  

Tuition fees and government support

$91,413,766

Other program service fees

11,660,000

Contributions

8,997,845

Other revenue

1,120,709

Investment income

1,036,209

Special events income - Direct costs of special events

881,087

Legacies and bequests

811,733

In-kinds contributions

12,960

Total Income

$115,934,309

Program Expenses  

Israel projects

$107,172,381

Public information and education

846,324

AMIT Children magazine

239,957
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

108,258,662
1,046,541
4,928,934

$114,234,137

$1,700,172




Uses of Funds as a % of Total Expenses


Programs: 95%  Fund Raising: 1%  Administrative 4% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $37,770,837
Ending net assets 42,993,734
Total liabilities 26,718,821

Total assets

$69,712,555






 

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