2020-11-30T03:34:35-06:00 2019-12-31 133016202 BLOOM HOCHBERG & CO PC CPA'S 450 SEVENTH AVENUE NEW YORK NY 10123 990 2019-01-01 132961273 ISRAEL TENNIS CENTERS FOUNDATION INC ISRA 2127849200 57 WEST 38TH STREET NO 605 NEW YORK NY 10018 JACQUELINE S GLODSTEIN EVP-GLOBAL DEVELOPMENT 2127849200 2020-11-24 1 HOWARD TABER P00446129 2122442112 2019 2022-09-23 18:48:47Z ISRAEL TENNIS & EDUCATION CENTER JACQUELINE S GLODSTEIN 57 WEST 38TH STREET NEW YORK NY 10018 7371543 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. 60 60 11 450 0 0 4068618 4131459 0 0 604487 657003 0 0 4673105 4788462 3517637 4500267 0 0 1097890 872273 0 0 1019540 1129093 1464960 5744620 6837500 -1071515 -2049038 21930644 22922042 2396621 3515201 19534023 19406841 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 5301067 4500267 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. 5301067 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 2 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 60 60 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 JACQUELINE GOLDSTEIN EVP 2127849200 C/O ISRAEL TENNIS CENTERS FOUNDATIO NEW YORK NY 10018 BENJAMIN BEILER 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 LESLIE CORWIN 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 JACKI GELERNTER DIRECTOR 2.00 X 0 0 0 JACQUELINE GLODSTEIN DIRECTOR 2.00 X 0 0 0 ALAN GOLDNER DIRECTOR 4.00 X 0 0 0 ALAN GOLDSTEIN 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 4.00 X X 0 0 0 CLAUDINE NUSSDORF DIRECTOR 2.00 X 0 0 0 ALICIA NUSSDORF DIRECTOR 2.00 X 0 0 0 PHYLLIS L PULLMAN DIRECTOR 2.00 X 0 0 0 STEPHANIE RATNER DIRECTOR 2.00 X 0 0 0 EDWARD E REICIN DIRECTOR 4.00 X 0 0 0 MICHAEL RITTER DIRECTOR 2.00 X 0 0 0 NORMA ROSENBERG DIRECTOR 2.00 X 0 0 0 STEVE ROSENBERG DIRECTOR 2.00 X 0 0 0 HAROLD ROSENSON LIFETIME DIRECTOR 2.00 X 0 0 0 RICHARD ROTHSCHILD 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 RICK STONE DIRECTOR 2.00 X 0 0 0 EDWARD J TRIEBER DIRECTOR 2.00 X 0 0 0 BURTON S URY DIRECTOR 2.00 X 0 0 0 TRACY URY DIRECTOR 2.00 X 0 0 0 JACQUELINE S GOLDSTEIN CEO/EVP/GLOBAL DEV 40.00 X 283509 0 19975 YONI YAIR VP FOR DEVELOPMENT 40.00 X 185275 0 5508 468784 0 25483 2 0 1 0 0 4131459 122967 4131459 408193 408193 2831891 2583081 248810 248810 248810 4788462 0 0 657003 4500267 4500267 510508 224013 62482 224013 236633 84384 25493 126756 24828 1817 19865 3146 53322 3373 38383 11566 46982 19393 5532 22057 12304 12304 304175 38054 218205 47916 47683 47683 228583 103845 16390 108348 78018 39009 39009 57024 23041 6733 27250 24141 9393 2988 11760 82496 32545 9731 40220 73488 24545 15660 33283 54287 17888 18430 17969 90145 90145 2766 1066 353 1347 18393 7100 2230 9063 EXHIBITIONS AND EVENTS 252407 49371 203036 PRINTING 48583 6409 2265 39909 POSTAGE 33239 8108 10123 15008 BANK AND CREDIT CARD FE 18596 9298 9298 38632 8003 14347 16282 6837500 5301067 516893 1019540 671165 1031179 506343 431533 3774244 3226545 24613 44271 56816 54834 44922 10545 9912 9688078 10954327 6717759 6680839 493626 530891 21930644 22922042 109065 117381 1749792 2925792 537764 472028 2396621 3515201 X 6798962 4940277 12735061 14466564 19534023 19406841 21930644 22922042 X -2049038 1910285 11571 X 0 1 X 1 0 X 3104432 5878775 4975616 4068618 4131459 22158900 3104432 5878775 4975616 4068618 4131459 22158900 22158900 350330 366901 378735 378276 408193 1882435 24041335 0.92170 0.85950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17211462 122967 2533576 1459865 18408140 19479946 111140 684039 3063663 17211462 18914828 507478 1760926 1703286 19479946 18734382 542594 652688 1014836 18914828 18394569 627520 -132652 155055 18734382 0 0 54834 44922 9912 9912 STATE OF ISRAEL BONDS 6539400 F ALTERNATIVE INVESTMENTS 141439 F 6680839 CHARITABLE GIFT ANNUITY PAYABLE 472028 472028 X 6665035 1910285 13971 1924256 4740779 47683 47683 4788462 6792217 2400 2400 6789817 47683 47683 6837500 PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 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 -782. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 14,753. PART XII, LINE 2D - OTHER ADJUSTMENTS: NONDEDUCTIBLE TRANSPORTATION BENEFITS 2,400. 1 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SOCIAL SERVICES USING TENNIS AS THE MEDIUM 4500267 0 0 0 0 0 0 4500267 0 4500267 MIDDLE EAST AND NORTH AFRICA SOCIAL SERVICES USING TENNIS AS THE MEDIUM 4500267 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 283509 0 0 0 0 0 8472 0 11503 0 303484 0 0 0 YONI YAIR VP FOR DEVELOPMENT 185275 0 0 0 0 0 5508 0 0 0 190783 0 0 0 X 1 122967 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 -782. CHANGE IN CASH SURRENDER VALUE OF INSURANCE 14,753. NONDEDUCTIBLE TRANSPORTATION BENEFITS -2,400. FORM 990 REASONABLE CAUSE FOR LATE FILING: THE TAX RETURN WAS FILED LATE BECAUSE OF MISSING INFORMATION FROM OUTSIDE SOURCES. THE TAXPAYER ATTEMPTED NUMEROUS TIMES TO GATHER ALL THE INFORMATION NECESSARY TO FILE A COMPLETE AND ACCURATE TAX RETURN. HOWEVER, DUE TO COVID-19, THE TAXPAYER EXPERIENCED DIFFICULTIES IN OBTAINING ALL THE NECESSARY SUPPORTING DOCUMENTATIONS FROM VARIOUS EXTERNAL SOURCES. WE THEREFORE RESPECTFULLY REQUEST AN ABATEMENT OF THE LATE FILING PENALTY BASED ON THE "REASONABLE CAUSE" EXCEPTION.