STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

PRIZMAH CENTER FOR JEWISH DAY SCHOOLS INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
PRIZMAH CENTER FOR JEWISH DAY SCHOOLS INC (EIN 81-1750864)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-07-08
IRS object ID
202021909349300522
Schema version
2018v3.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-07-08T09:11:59-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN811750864EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PRIZMAH CENTER FOR JEWISH DAY SCHOOLSBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPRIZBusinessNameControlTxt
Phone6469752800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1254 WEST 54TH STREET 11TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL BERNSTEINPersonNm
Person TitleCEOPersonTitleTxt
Phone6469752800PhoneNum
Signature2020-07-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS F MULDOON CPAPreparerPersonNm
PTINP01561688PTIN
Phone5083669100PhoneNum
Preparation2020-07-02PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address40.70.31.102IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-07-02IPDt
IP Tm20:15:20IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id67FD54DCEB6CBC14265FA3262D2D1D14C69EA041AtSubmissionCreationDeviceId
At Submission Filing Device Id2A9010E3A6A0BB3B06F86C59D67A72AD6F64F0F5AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-11-06 18:47:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPAUL BERNSTEINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1254 WEST 54TH STREET 11TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,316,703GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PRIZMAH.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPRIZMAH: CENTER FOR JEWISH DAY SCHOOLS STRENGTHENS THE NORTH AMERICAN DAY SCHOOL FIELD. WE ARE THE NETWORK FOR JEWISH DAY SCHOOLS AND YESHIVAS, ENHANCING THEIR ABILITY TO EXCEL AND THRIVE, BY DEEPENING TALENT, CATALYZING RESOURCES, AND ACCELERATING EDUCATIONAL INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee40TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,729,860PYContributionsGrantsAmt
CY Contributions Grants$6,773,875CYContributionsGrantsAmt
PY Program Service Revenue$1,172,735PYProgramServiceRevenueAmt
CY Program Service Revenue$1,541,645CYProgramServiceRevenueAmt
PY Investment Income$1,705PYInvestmentIncomeAmt
CY Investment Income$1,183CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,904,300PYTotalRevenueAmt
CY Total Revenue$8,316,703CYTotalRevenueAmt
PY Grants And Similar Paid$201,201PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$193,462CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,251,951PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,322,849CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$895,637CYTotalFundraisingExpenseAmt
PY Other Expenses$2,804,523PYOtherExpensesAmt
CY Other Expenses$3,309,766CYOtherExpensesAmt
PY Total Expenses$7,257,675PYTotalExpensesAmt
CY Total Expenses$7,826,077CYTotalExpensesAmt
PY Revenues Less Expenses-$353,375PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$490,626CYRevenuesLessExpensesAmt
Total Assets BOY$1,328,597TotalAssetsBOYAmt
Total Assets EOY$1,666,454TotalAssetsEOYAmt
Total Liabilities BOY$659,225TotalLiabilitiesBOYAmt
Total Liabilities EOY$506,456TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$669,372NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,159,998NetAssetsOrFundBalancesEOYAmt
MissionPRIZMAH: CENTER FOR JEWISH DAY SCHOOLS STRENGTHENS THE NORTH AMERICAN DAY SCHOOL FIELD. WE ARE THE NETWORK FOR JEWISH DAY SCHOOLS AND YESHIVAS, ENHANCING THEIR ABILITY TO EXCEL AND THRIVE, BY DEEPENING TALENT, CATALYZING RESOURCES, AND ACCELERATING EDUCATIONAL INNOVATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$303,102ExpenseAmt
Grant$0GrantAmt
Revenue$32,500RevenueAmt
DescGENERATIONS: OVER THE PAST EIGHT YEARS, THE GENERATIONS PROGRAM HAS HELPED 44 SCHOOLS RAISED ENDOWMENT FUNDS IN EXCESS OF $113 MILLION. THE AVERAGE RAISED WAS APPROXIMATELY $5,423 PER STUDENT. THE PROGRAM EMPLOYS A VARIETY OF TRAINING TECHNIQUES, INCLUDING MULTI-DAY SEMINARS AND MANY HOURS OF 1:1 COACHING WITH LEADING EXPERTS IN THE FIELD.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,497,100ExpenseAmt
Revenue$731,276RevenueAmt
DescPRIZMAH CONFERENCE: BIENNIALLY, PRIZMAH HOSTS THE JEWISH DAY SCHOOL CONFERENCE FOR NORTH AMERICA. DURING FISCAL YEAR 2019, THIS CONFERENCE CONVENED IN ATLANTA AND THE THEME WAS "DARE TO DREAM". THROUGH A VARIETY OF COURSES, WORKSHOPS, NETWORKING EVENTS, INTERACTIVE LEARNING OPPORTUNITIES, POWERFUL SPEAKERS, AND RECEPTIONS, OUR CONFERENCE ENGAGED 1,103 ATTENDEES, FROM 231 SCHOOLS, COMING FROM 36 US STATES AND CANADIAN PROVINCES, AS WELL AS MEXICO AND AUSTRALIA, OVER 100 LAY LEADERS AND REPRESENTATIVES FROM FEDERATIONS AND BOARDS OF JEWISH EDUCATION ACROSS NORTH AMERICA.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$685,611ExpenseAmt
Revenue$6,894RevenueAmt
DescFIELD ADVANCEMENT: THROUGH OUR NETWORK PARTICIPATION PROGRAM, PRIZMAH OFFERS A ROBUST, PEER-TO-PEER PROFESSIONAL DEVELOPMENT NETWORK THAT ENCOURAGES THE SHARING OF LEADING PRACTICES AND CONNECTS SCHOOL LEADERS TO THE CONVERSATIONS ADVANCING THE FIELD OF JEWISH DAY SCHOOLS. OUR STRONG RELATIONSHIPS ALLOWS PRIZMAH TO DEVELOP A NUANCED UNDERSTANDING OF THE FIELD, THE STRENGTHS AND CHALLENGES OF EACH SCHOOL, AND PROMOTES CONNECTIONS BETWEEN LEADERS IN PURSUIT OF EXCELLENCE. DURING FISCAL YEAR 2019, WE HAD 180 SCHOOLS THAT WERE A PART OF OUR NETWORK PARTICIPATION PROGRAM.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$2,552,083ExpenseAmt
Grant$193,462GrantAmt
Revenue$770,975RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,552,083TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$193,462TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$770,975TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$5,037,896TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document67IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee40EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members18GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ERIN TASMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6469752800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1254 WEST 54TH STREET 11TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ANN BAIDACK PAVA
BOARD CHAIR5.00Yes (X)Yes (X)$0$0$0
MICHAEL BOHNEN
SECRETARY2.00Yes (X)Yes (X)$0$0$0
DAVID FRIEDMAN
BOARD MEMBER1.00Yes (X)$0$0$0
PAULA GOTTESMAN
BOARD MEMBER1.00Yes (X)$0$0$0
BRADFORD R KLATT
BOARD MEMBER1.00Yes (X)$0$0$0
MARK LAINER
BOARD MEMBER1.00Yes (X)$0$0$0
NATHAN J LINDENBAUM
TREASURER2.00Yes (X)Yes (X)$0$0$0
KATHY E MANNING
BOARD MEMBER1.00Yes (X)$0$0$0
SAMUEL MOED
BOARD MEMBER1.00Yes (X)$0$0$0
YEHUDA NEUBERGER
BOARD MEMBER1.00Yes (X)$0$0$0
GAIL NORRY
BOARD MEMBER1.00Yes (X)$0$0$0
LISA POPIK COLL
BOARD MEMBER1.00Yes (X)$0$0$0
YOSSI PRAGER
BOARD MEMBER1.00Yes (X)$0$0$0
MARTY SCHECK
BOARD MEMBER1.00Yes (X)$0$0$0
JOEL SEGAL
VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
DEBORAH SHAPIRA
BOARD MEMBER1.00Yes (X)$0$0$0
JOSEPH STEINER
BOARD MEMBER1.00Yes (X)$0$0$0
DARA YANOWITZ
BOARD MEMBER1.00Yes (X)$0$0$0
PAUL BERNSTEIN
CEO40.00Yes (X)$383,592$0$47,494
ELISSA MAIER
COO40.00Yes (X)$249,673$0$44,123
JEFFREY SAVIT
CDO40.00$230,796$0$17,016Yes (X)
MARC WOLF
VP FIELD ADVANCEMENT40.00$192,499$0$32,974Yes (X)
ILISA CAPPELL
VP LEADERSHIP DEVELOPMENT40.00$166,875$0$18,864Yes (X)
ERIN TASMAN
CONTROLLER40.00$152,119$0$27,778Yes (X)
DAN PERLA
SENIOR DIRECTOR32.00$135,666$0$34,311Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,511,220TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$222,560TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K14IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
KIWI PARTNERS INC
237 W 35TH STREET 1101NEW YORKNY10001ACCOUNTING SERVICES$141,346
GOLDENBERG SOLUTIONS GROUP LLC
25 LARCH ROADWABANMA02468FUNDRAISING CONSULTANT$109,990
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Membership Dues$145,808MembershipDuesAmt
All Other Contributions$6,628,067AllOtherContributionsAmt
Total Contributions$6,773,875TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PROGRAM & SERVICE FEES900099$948,935$948,935
CONFERENCES900099$592,710$592,710
FieldValueIRS element (for citing)
Total Program Service Revenue$1,541,645TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,183TotalRevenueColumnAmt
Exclusion$1,183ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,316,703TotalRevenueColumnAmt
Related Or Exempt Func Income$1,541,645RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,183ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$193,462TotalAmt
Program Services$193,462ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$742,772TotalAmt
Program Services$263,286ProgramServicesAmt
Management And General$347,843ManagementAndGeneralAmt
Fundraising$131,643FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,046,295TotalAmt
Program Services$1,892,304ProgramServicesAmt
Management And General$784,154ManagementAndGeneralAmt
Fundraising$369,837FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$67,697TotalAmt
Program Services$43,795ProgramServicesAmt
Management And General$18,737ManagementAndGeneralAmt
Fundraising$5,165FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$202,734TotalAmt
Program Services$132,956ProgramServicesAmt
Management And General$55,362ManagementAndGeneralAmt
Fundraising$14,416FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$263,351TotalAmt
Program Services$148,965ProgramServicesAmt
Management And General$89,710ManagementAndGeneralAmt
Fundraising$24,676FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$25,145TotalAmt
Management And General$25,145ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$85,585TotalAmt
Management And General$85,585ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$917,499TotalAmt
Program Services$646,777ProgramServicesAmt
Management And General$156,461ManagementAndGeneralAmt
Fundraising$114,261FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$46,186TotalAmt
Program Services$11,641ProgramServicesAmt
Management And General$26,098ManagementAndGeneralAmt
Fundraising$8,447FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$39,284TotalAmt
Program Services$18,802ProgramServicesAmt
Management And General$17,318ManagementAndGeneralAmt
Fundraising$3,164FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$47,779TotalAmt
Program Services$43,239ProgramServicesAmt
Fundraising$4,540FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$278,856TotalAmt
Program Services$133,158ProgramServicesAmt
Management And General$126,829ManagementAndGeneralAmt
Fundraising$18,869FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$167,318TotalAmt
Program Services$107,875ProgramServicesAmt
Management And General$28,088ManagementAndGeneralAmt
Fundraising$31,355FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,227,683TotalAmt
Program Services$1,045,401ProgramServicesAmt
Management And General$59,341ManagementAndGeneralAmt
Fundraising$122,941FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$89,564TotalAmt
Program Services$51,659ProgramServicesAmt
Management And General$26,101ManagementAndGeneralAmt
Fundraising$11,804FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM SUPPLIES$142,187$142,187
MISCELLANEOUS$131,515$83,947$37,064$10,504
PRINTING AND POSTAGE$111,165$78,442$8,708$24,015

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,826,077TotalAmt
Program Services$5,037,896ProgramServicesAmt
Management And General$1,892,544ManagementAndGeneralAmt
Fundraising$895,637FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$67,642BOYAmt
EOY$710,976EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,698BOYAmt
EOY$2,719EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$358,000BOYAmt
EOY$184,050EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$582,654BOYAmt
EOY$446,545EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$19,117BOYAmt
EOY$37,752EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$360,508LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$185,926LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$188,656BOYAmt
EOY$174,582EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$109,830BOYAmt
EOY$109,830EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,328,597BOYAmt
EOY$1,666,454EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$285,281BOYAmt
EOY$324,680EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$206,405BOYAmt
EOY$22,366EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$167,539BOYAmt
EOY$159,410EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$659,225BOYAmt
EOY$506,456EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$308,571BOYAmt
EOY$980,498EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$360,801BOYAmt
EOY$179,500EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$669,372BOYAmt
EOY$1,159,998EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,328,597BOYAmt
EOY$1,666,454EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$490,626ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$51,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,941,091CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,729,860CurrentTaxYearMinus1YearAmt
Current Tax Year$6,773,875CurrentTaxYearAmt
Total$18,495,826TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$51,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,941,091CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,729,860CurrentTaxYearMinus1YearAmt
Current Tax Year$6,773,875CurrentTaxYearAmt
Total$18,495,826TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$13,123,766SubstantialContributorsTotAmt
Public Support Total170$5,372,060PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,060CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,705CurrentTaxYearMinus1YearAmt
Current Tax Year$1,183CurrentTaxYearAmt
Total$3,948TotalAmt
FieldValueIRS element (for citing)
Total Support$18,499,774TotalSupportAmt
Gross Receipts Rltd Activities$4,912,189GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$21,873OtherCostOrOtherBasisAmt
Depreciation$11,155DepreciationAmt
Book Value$10,718BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$302,441OtherCostOrOtherBasisAmt
Depreciation$156,178DepreciationAmt
Book Value$146,263BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$36,194OtherCostOrOtherBasisAmt
Depreciation$18,593DepreciationAmt
Book Value$17,601BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$174,582TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescSECURITY DEPOSITDesc
Book Value$109,830BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$109,830TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCRUED RENTDesc
Amt$159,410Amt
FieldValueIRS element (for citing)
Total Liability$159,410TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,316,703TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$8,316,703RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,316,703TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,826,077TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$7,826,077ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,826,077TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationPRIZMAH ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. PRIZMAH HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2019. PRIZMAH'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (16 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BERNARD ZELL AEDS
3751 NORTH BROADWAYCHICAGOIL60613362166955$8,000DSEE GRANT
GESHER JEWISH DAY SCHOOL
4800 MATTIE MOORE CTFAIRFAXVA22030541201968$5,000DSEE GRANT
JEWISH COMMUNITY FEDERATION OF SAN FRANCISCO
121 STEUART STREETSAN FRANCISCOCA94105941156533$8,317DSEE GRANT
JEWISH FAMILY AND COMMUNITY SERVICES OF JACKSONVILLE
8540 BAYCENTER RDJACKSONVILLEFL32256590637868$6,500DSEE GRANT
JEWISH FEDERATION OF DELAWARE INC
101 GARDEN OF EDEN RDWILMINGTONDE19803510064315$6,017DSEE GRANT
JEWISH FEDERATION OF GREATER HARRISBURG
3301 N FRONT STHARRISBURGPA17110231352338$6,500DSEE GRANT
JEWISH FEDERATION OF OMAHA
333 S 132ND STOMAHANE68154470384659$5,445DSEE GRANT
JEWISH FEDERATION OF SOUTHERN NEW JERSEY
1301 SPRINGDALE RD 200CHERRY HILLNJ08003210634489$5,000DSEE GRANT
JEWISH FEDERATION OF WESTERN MASSACHUSSETTS
1160 DICKINSON STSPRINGFIELDMA01108042127023$6,500DSEE GRANT
POLITZ DAY SCHOOL OF CHERRY HILL
720 COOPER LANDING RDCHERRY HILLNJ08002223665288$8,000INCENTIVE GRANT
RAYMOND & RUTH PERELMAN JEWISH DAY SCHOOL
49 HAVERFORD RDWYNNEWOODPA19096231496890$5,000DSEE GRANT
SAUL MIROWITZ JEWISH COMMUNITY SCHOOL
348 S MASON RDCREVE COEURMO63141431772004$8,000INCENTIVE GRANT
THE SHEFA SCHOOL
40 E 29TH STNEW YORKNY10016472048496$10,000SHARK TANK GRANT
SOLOMON SCHECHTER DAY SCHOOL OF GREATER HARTFORD
26 BUENA VISTA RDWEST HARTFORDCT06107060873657$5,000DSEE GRANT
THE EPSTEIN SCHOOL
335 COLEWOOD WAY NWSANDY SPRINGSGA30328581164034$8,000INCENTIVE GRANT
TORAH DAY SCHOOL OF ATLANTA
1985 LAVISTA RD NEATLANTAGA30329581594193$8,000INCENTIVE GRANT
FieldValueIRS element (for citing)
Total501c3 Org16Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSCHOOLS ENROLLED IN THE GENERATIONS PROGRAM ARE ELIGIBLE TO RECEIVE AN INCENTIVE GRANT OF $8,000 IF THEY ACHIEVE PREDETERMINED PROGRAM BENCHMARKS. TO QUALIFY FOR THE FIRST $4,000 GRANT, THE SCHOOL MUST RAISE A MINIMUM OF $1,500 PER ENROLLED STUDENT IN ENDOWMENT MONIES (CASH OR LEGACY GIFTS) BY SEPTEMBER 30, 2019. TO RECEIVE THE SECOND $4,000 GRANT, THE SCHOOL MUST RAISE A MINIMUM OF $4,000 PER ENROLLED STUDENT IN ENDOWMENT MONIES (CASH OR LEGACY GIFTS) BY SEPTEMBER 30, 2020. THE SCHOOL SUBMITS QUARTERLY CAMPAIGN FUNDRAISING REPORTS (MARCH, JUNE, SEPT, DEC). THE PROGRAM DIRECTOR REVIEWS ALL SUBMITTED REPORTS AND APPROVES THE INCENTIVE GRANTS TO BE ISSUED. DAY SCHOOL ENGAGEMENT AND ENROLLMENT INITIATIVE (DSEE) SCHOOLS ARE ELIGIBLE TO RECEIVE UP TO $5,000 OF GRANT FUNDING FROM DSEE, TO BE MATCHED BY FUNDS FROM THE LOCAL COMMUNITY. IMPLEMENTING PARTNERS (LOCAL PJ LIBRARY CHAPTER) WORKING WITH ONE DAY SCHOOL ARE ELIGIBLE TO RECEIVE UP TO $1,500, AND AN ADDITIONAL $1,000 FOR EACH ADDITIONAL DAY SCHOOL, TO BE MATCHED BY FUNDS FROM THE LOCAL COMMUNITY. THE SCHOOL AND IMPLEMENTING PARTNER RECEIVE HALF OF THE FUNDING AT THE START OF THE SCHOOL YEAR. THEY SUBMIT A MID-YEAR REPORT IN JANUARY, AND END-OF-YEAR REPORT IN JUNE WHICH INCLUDES BUDGET ACTUALS. A FINAL CHECK IS CUT TO THE SCHOOLS AND IMPLEMENTING PARTNER AT THE END OF THE PROGRAM BASED ON BUDGET ACTUALS. THE SHARK TANK GRANT AWARDEE WAS SELECTED AS A RECIPIENT FOR A $20,000 GRANT THROUGH PRIZMAH'S INVESTOR SUMMIT WHERE DONORS AND BOARD MEMBERS SELECTED FROM THREE PROPOSALS. FUNDS WERE AWARDED BASED ON THE PROPOSAL AND PRESENTATION. PRIZMAH AND THE SCHOOL SIGNED A GRANT AGREEMENT LETTER STIPULATING THE TERMS OF THE GRANT AND THE SCHOOL SUBMITTED A WRITTEN REPORT DETAILING THE USE OF THE FUNDS AND THE PROGRAM FOR WHICH THEY WERE AWARDED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PAUL BERNSTEIN
CEO$383,592$0$0$0$0$0$11,000$0$36,494$0$431,086$0$0$0
ELISSA MAIER
COO$249,673$0$0$0$0$0$10,504$0$33,619$0$293,796$0$0$0
JEFFREY SAVIT
CDO$230,796$0$0$0$0$0$0$0$17,016$0$247,812$0$0$0
MARC WOLF
VP FIELD ADVANCEMENT$192,499$0$0$0$0$0$0$0$32,974$0$225,473$0$0$0
ILISA CAPPELL
VP LEADERSHIP DEVELOPMENT$166,875$0$0$0$0$0$4,749$0$14,115$0$185,739$0$0$0
ERIN TASMAN
CONTROLLER$152,119$0$0$0$0$0$5,620$0$22,158$0$179,897$0$0$0
DAN PERLA
SENIOR DIRECTOR$135,666$0$0$0$0$0$3,442$0$30,869$0$169,977$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BWE CIRCULATE TO THE FINANCE COMMITTEE PRIOR TO FILING, AND TO THE BOARD UPON FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD OF DIRECTORS MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY TO ENSURE THAT ALL APPROPRIATE PERSONNEL HAVE SIGNED THE FORMS FOR THE CURRENT FISCAL YEAR.
FORM 990, PART VI, SECTION B, LINE 15A SEARCH AGENCY WAS HIRED THAT LED THE SEARCH FOR HIRING THE CEO. THE CEO'S COMPENSATION WAS DETERMINED FOR THE DURATION OF THREE YEAR CONTRACT. OTHER TOP MANAGEMENT SALARIES ARE DETERMINED BY THE CEO IN CONJUNCTION WITH THE COMPENSATION COMMITTEE, WHICH IS A GROUP OF THE OFFICERS THAT WAS CONVENED AS NEEDED, INCLUDING THE BOARD CHAIR, CHAIR OF THE FINANCE AND BUDGET COMMITTEE, AND SECRETARY.
FORM 990, PART VI, SECTION C, LINE 19PRIZMAH MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTANTS: PROGRAM SERVICE EXPENSES 646,777. MANAGEMENT AND GENERAL EXPENSES 156,461. FUNDRAISING EXPENSES 114,261. TOTAL EXPENSES 917,499.
FORM 990, PART XII, LINE 2C:1.AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY CEO, COO AND FINANCIAL CONTROLLER. 2.AN IN-DEPTH REVIEW OF THE AUDITED FINANCIAL STATEMENTS IS DONE BY THE AUDIT COMMITTEE, IN CONJUNCTION WITH THE EXTERNAL AUDIT FIRM. 3.AUDITED FINANCIAL STATEMENTS ARE SENT TO THE BOARD FOR REVIEW. 4.AUDIT CHAIR PRESENTS AND REVIEWS THE AUDITED FINANCIAL STATEMENTS WITH THE BOARD. 5.BOARD APPROVES. 6.AUDITED FINANCIALS ARE SUBMITTED BY FIRM.