2021-11-13T22:16:59-06:00 2020-12-31 133016202 BLOOM HOCHBERG & CO PC CPA'S 450 SEVENTH AVENUE NEW YORK NY 10123 990 2020-01-01 132961273 ISRAEL TENNIS CENTERS FOUNDATION INC ISRA 2127849200 165 E 56TH STREET 2ND FLOOR NEW YORK NY 10022 ILAN ALLALI CFO 2127849200 2021-11-12 1 ILAN ALLALI 999009999 HOWARD TABER P00446129 2122442112 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X ISRAEL TENNIS & EDUCATION CENTER ILAN ALLALI 165 E 56TH STREET 2ND FLOOR NEW YORK NY 10022 9018486 0 X WWW.ISRAELTENNISCENTERS.ORG X 1978 NY ISRAEL TENNIS & EDUCATION CENTERS FOUNDATION TRANSFORMS THE LIVES OF VULNERABLE CHILDREN IN ISRAEL, CREATING OPPORTUNITIES FOR A BRIGHTER FUTURE. WE OFFER MUCH NEEDED SUPPORT TO 20,000 CHILDREN ANNUALLY, OF ALL FAITHS, MANY LIVING ON OR BELOW THE POVERTY LEVEL, BY EDUCATING AND EMPOWERING THEM THROUGH ACADEMIC ENRICHMENT, SPORTS AND MENTORING, IGNITING HOPE AND OPENING PATHWAYS TO A SUCCESSFUL FUTURE FOR THEM AND FOR ISRAEL. OUR 15 CENTERS THROUGHOUT ISRAEL ARE INTENTIONALLY LOCATED IN UNDERPRIVILEGED NEIGHBORHOODS. ITEC TRULY EMBODIES INCLUSION AND UNITY IN A REGION WHERE THIS MODEL OF ETHNIC INTEGRATION IS RARE. IN THESE SAFE AND NURTURING ENVIRONMENTS, EACH AND EVERY CHILD IS OFFERED AN EQUAL OPPORTUNITY TO PLAY, DREAM, LEARN AND MAKE FRIENDS WITHIN A PEACEFUL COMMUNITY. 55 55 11 225 0 0 4131459 3682719 0 0 657003 991717 0 0 4788462 4674436 4500267 2794460 0 0 872273 814833 0 0 962601 1464960 1078336 6837500 4687629 -2049038 -13193 22922042 21722020 3515201 1881843 19406841 19840177 X ISRAEL TENNIS & EDUCATION CENTERS FOUNDATION TRANSFORMS THE LIVES OF VULNERABLE CHILDREN IN ISRAEL, CREATING OPPORTUNITIES FOR A BRIGHTER FUTURE. WE OFFER MUCH NEEDED SUPPORT TO 20,000 CHILDREN ANNUALLY, OF ALL FAITHS, MANY LIVING ON OR BELOW THE POVERTY LEVEL, BY EDUCATING AND EMPOWERING THEM THROUGH ACADEMIC ENRICHMENT, SPORTS AND MENTORING, IGNITING HOPE AND OPENING PATHWAYS TO A SUCCESSFUL FUTURE FOR THEM AND FOR ISRAEL. OUR 15 CENTERS THROUGHOUT ISRAEL ARE INTENTIONALLY LOCATED IN UNDERPRIVILEGED NEIGHBORHOODS. ITEC TRULY EMBODIES INCLUSION AND UNITY IN A REGION WHERE THIS MODEL OF ETHNIC INTEGRATION IS RARE. IN THESE SAFE AND NURTURING ENVIRONMENTS, EACH AND EVERY CHILD IS OFFERED AN EQUAL OPPORTUNITY TO PLAY, DREAM, LEARN AND MAKE FRIENDS WITHIN A PEACEFUL COMMUNITY. 0 0 3476796 2794460 THE ITEC HAS MADE AN OUTSIZED IMPACT ON THE COUNTRY, THE COMMUNITIES SURROUNDING EACH OF THE CENTERS, THE TEACHERS, THE COACHES, AND THE FAMILIES OF OVER HALF A MILLION CHILDREN.THE MOST SIGNIFICANT PROGRAM ACCOMPLISHMENTS SUPPORTED AT THE ISRAEL TENNIS AND EDUCATIONS CENTERS INCLUDE RESOURCES SENT TO ISRAEL TO PROVIDE SCHOLARSHIPS TO UNDERSERVED, UNDERPRIVILEDGED AND AT RISK YOUTH TO PARTICIPATE IN SOCIAL IMPACT PROGRAMS AND AFTER SCHOOL SPORTS PROGRAMS THAT UTILIZE TENNIS AND EDUCATIONAL ENRICHMENT TO TEACH LIFE SKILLS, DEVELOP THE CHILDREN'S CHARACTER AND GRADUATE HIGH SCHOOL, SERVE IN THE IDF AND THEN ACQUIRE THEIR UNIVERSITY EDUCATION AND/OR DEVELOP A PROFESSION. THE FOUNDATION SUPPORTS PROGRAMS FOR YOUTH INCLUDING COEXXISTENCE, SPECIAL NEEDS, ENGLISH LANGUAGE FLUENCY, OBESITY PREVENTION FOR CHILDREN, GIRLS EMPOWERMENT AND JUNIOR TENNIS DEVELOPMENT. SUPPORT ALSO MAINTAINS THE INTEGRITY AND SAFETY OF THE CENTERS' PHYSICAL PLANTS. THE FOUNDATION ALSO WORKS CLOSELY WITH THE ITEC IN DEVELOPING PROGRAMS IN ISRAEL, EDUCATING BOTH IN ISRAEL AND IN THE U.S. ABOUT THE PROGRAMS, AS WELL AS REPLICATING THE ITEC MODEL PROGRAMS IN OTHER U.S. INSTITUTIONS. THE FOUNDATION ALSO EXPANDS AWARENESS OF ITEC PROGRAMS TO INCREASE INVOLVEMENT AND SUPPORT. 3476796 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 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 3 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 55 55 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL NY AL AK AZ AR CA CO CT FL GA HI KS KY LA ME MD MA MI MN MS MO DC NH NJ NM NC ND OH OK OR PA RI SC TN UT VA WA WI X ILAN ALLALI CFO 2127849200 C/O ISRAEL TENNIS CENTERS FOUNDATIO NEW YORK NY 10022 GUY RONEN PRESIDENT 10.00 X X 0 0 0 PAMELA BERKOWSKY DIRECTOR 2.00 X 0 0 0 KAREN BERNSTEIN DIRECTOR 2.00 X 0 0 0 THOMAS S BERNSTEIN DIRECTOR 2.00 X 0 0 0 LISA BOGATIN DIRECTOR 2.00 X 0 0 0 GLORIA BORIS LIFETIME DIRECTOR 2.00 X 0 0 0 SEYMOUR BRODE LIFETIME DIRECTOR 2.00 X 0 0 0 GERALD L COHEN SECRETARY 2.00 X X 0 0 0 ROBERT GLASS DIRECTOR 2.00 X 0 0 0 ROSALIND DEVON DIRECTOR 2.00 X 0 0 0 JAMES E FRANK DIRECTOR 2.00 X 0 0 0 DIANE GANZ DIRECTOR 2.00 X 0 0 0 JENNIFER HAAS DIRECTOR 2.00 X 0 0 0 JUDY JOSEPHS DIRECTOR 2.00 X 0 0 0 ALAN GOLDNER US ASST. SECRETARY 4.00 X 0 0 0 DAVID NICKOLL DIRECTOR 2.00 X 0 0 0 MARY GRATEHOUSE DIRECTOR 2.00 X 0 0 0 LARRY GREENSPON LIFETIME DIRECTOR 2.00 X 0 0 0 STEPHEN HALPERN DIRECTOR 2.00 X 0 0 0 AMY F HENDRICKS DIRECTOR 2.00 X 0 0 0 DAVID HIRSCH DIRECTOR 2.00 X 0 0 0 SUE KARATZ DIRECTOR 2.00 X 0 0 0 LINDA J KATELL ROWAN DIRECTOR 2.00 X 0 0 0 COREY LEVINE DIRECTOR 2.00 X 0 0 0 H FRED LEVINE DIRECTOR 2.00 X 0 0 0 LOUIS LIBIN DIRECTOR 2.00 X 0 0 0 SANDRA L LIPPY DIRECTOR 2.00 X 0 0 0 WILLIAM LIPPY DIRECTOR 2.00 X 0 0 0 JOEL MANN DIRECTOR 2.00 X 0 0 0 MARK MANN DIRECTOR 2.00 X 0 0 0 ARLENE MARK DIRECTOR 2.00 X 0 0 0 ERIC MARSHALL DIRECTOR 2.00 X 0 0 0 BRADLEY MILES DIRECTOR 2.00 X 0 0 0 GERALD MILLMAN SECRETARY/DIRECTOR 4.00 X X 0 0 0 JACKIE SAVAGE DIRECTOR 2.00 X 0 0 0 AMY HENDRICKS US BOARD CHAIR 4.00 X 0 0 0 PHYLLIS L PULLMAN DIRECTOR 2.00 X 0 0 0 STEPHANIE RATNER TREASURER 2.00 X 0 0 0 EDWARD E REICIN DIRECTOR 4.00 X 0 0 0 LESLIE CORWIN TREASURER 4.00 X 0 0 0 NORMA ROSENBERG DIRECTOR 2.00 X 0 0 0 ILAN ALLALI CFO 40.00 X 0 0 0 HAROLD ROSENSON LIFETIME DIRECTOR 2.00 X 0 0 0 MICHAEL ROSENSTOCK DIRECTOR 2.00 X 0 0 0 RICHARD SAVITT LIFETIME DIRECTOR 2.00 X 0 0 0 STUART M SCHAPIRO DIRECTOR 2.00 X 0 0 0 RANDI SELLINGER DIRECTOR 2.00 X 0 0 0 SAMUEL SHAPIRO DIRECTOR 2.00 X 0 0 0 BUNNY SHESTACK DIRECTOR 2.00 X 0 0 0 IRWIN SHORR DIRECTOR 2.00 X 0 0 0 JEFFREY SIEGEL DIRECTOR 2.00 X 0 0 0 LINDA SILVERERG DIRECTOR 2.00 X 0 0 0 WENDY L SLAVIN DIRECTOR 2.00 X 0 0 0 LINDA SOLOMON DIRECTOR 2.00 X 0 0 0 DAVID STEINHARDT DIRECTOR 2.00 X 0 0 0 JACQUELINE S GOLDSTEIN CEO/EVP/GLOBAL DEV 40.00 X 271114 0 22507 YONI YAIR VP FOR DEVELOPMENT 40.00 X 180308 0 9958 451422 0 32465 2 0 1 0 0 3682719 122967 3682719 308033 308033 5027734 4344050 683684 683684 683684 4674436 0 0 991717 2794460 2794460 521847 253930 33674 234243 186133 51627 21365 113141 16856 16856 44012 11859 18746 13407 45985 19847 3575 22563 8640 8640 86022 17204 34409 34409 61863 61863 125280 48989 19358 56933 248119 124060 124059 49209 12183 4338 32688 25097 10057 4067 10973 69541 26719 9422 33400 19334 6410 3960 8964 1100 363 374 363 51969 51969 2767 1066 353 1348 23639 9543 3027 11069 EXHIBITIONS AND EVENTS 165789 17400 148389 BAD DEBT EXPENSES 75000 75000 BANK AND CREDIT CARD FE 20834 10417 10417 TELEPHONE 14683 6055 2269 6359 29450 2638 10576 16236 4687629 3476796 248232 962601 1031179 931818 431533 866540 3226545 2841354 56816 5534 54834 47689 9912 7145 10954327 10061111 6680839 6563944 530891 444574 22922042 21722020 117381 179793 2925792 1264792 472028 437258 3515201 1881843 X 4940277 5758803 14466564 14081374 19406841 19840177 22922042 21722020 X -13193 468254 -21725 X 0 1 X 1 0 X 5878775 4975616 4068618 4131459 3682719 22737187 5878775 4975616 4068618 4131459 3682719 22737187 22737187 366901 378735 378276 408193 308033 1840138 24577325 0.92510 0.92170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18408140 123536 1381183 2115691 17797168 17211462 122967 2533576 1459865 18408140 19479946 111140 684039 3063663 17211462 18914828 507478 1760926 1703286 19479946 18734382 542594 652688 1014836 18914828 0 0 54834 47689 7145 7145 STATE OF ISRAEL BONDS 6540400 F ALTERNATIVE INVESTMENTS 23544 F 6563944 CHARITABLE GIFT ANNUITY PAYABLE 437258 437258 X 5063902 468254 -16925 451329 4612573 61863 61863 4674436 4630566 4800 4800 4625766 61863 61863 4687629 PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST ARRANGEMENTS -13,164. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -3,761. PART XII, LINE 2D - OTHER ADJUSTMENTS: NONDEDUCTIBLE TRANSPORTATION BENEFITS 4,800. 1 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SOCIAL SERVICES USING TENNIS AS THE MEDIUM 2794460 0 0 0 0 0 0 2794460 0 2794460 MIDDLE EAST AND NORTH AFRICA SOCIAL SERVICES USING TENNIS AS THE MEDIUM 2794460 WIRE TRANSFER 2 2 0 0 0 0 0 0 PART I, LINE 2: GRANTEES EXECUTE A WRITTEN AGREEMENT WHICH REQUIRES THEM TO SUBMIT WRITTEN REPORTS TO ISRAEL TENNIS CENTERS FOUNDATION, INC. FOR THE PERIOD OF THE AGREEMENT. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 JACQUELINE S GOLDSTEIN CEO/EVP/GLOBAL DEV 271114 0 0 0 0 0 7908 0 14599 0 293621 0 0 0 YONI YAIR VP FOR DEVELOPMENT 180308 0 0 0 0 0 5158 0 4800 0 190266 0 0 0 X 1 123536 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DR. WILLIAM H. LIPPY (LIFETIME DIRECTOR) AND SANDRA L. LIPPY (DIRECTOR) HAVE A FAMILY RELATIONSHIP. KAREN BERNSTEIN (DIRECTOR) AND THOMAS BERNSTEIN (DIRECTOR) HAVE A FAMILY RELATIONSHIP. LARRY GREENSPON (DIRECTOR) AND MARY GRATEHOUSE (DIRECTOR) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTANT. A COPY OF THE FORM 990 WAS PROVIDED TO THE PRESIDENT AND TREASURER FOR THEIR REVIEW AND APPROVAL. ONCE APPROVED, THE FORM 990 IS CIRCULATED TO THE ENTIRE BOARD. ONCE THE BOARD HAS APPROVED, THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY DISCLOSURE FORM, WHICH IS THEN REVIEWED BY THE BOARD OF DIRECTORS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMMITTEE, AFTER REVIEWING THE COMPENSATION RECOMMENDATION IN THE PROPOSED BUDGET, AND AFTER EVALUATING COMPARATIVE COMPENSATION INFORMATION IN 990'S OF OTHER COMPARABLE NON-PROFITS, EXPERIENCE SERVING ON OTHER BOARD OF DIRECTORS, AND ALSO REVIEW COST OF LIVING SCHEDULES, RECOMMENDS THE COMPENSATION LEVELS FOR ALL U.S. STAFF MEMBERS. THE COMPENSATION IS THEN INCORPORATED INTO THE ANNUAL BUDGET. 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 XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -13,164. CHANGE IN CASH SURRENDER VALUE OF INSURANCE -3,761. NONDEDUCTIBLE TRANSPORTATION BENEFITS -4,800.