2018-08-15T16:27:27-05:00 2017-09-30 GRANT THORNTON LLP 757 THIRD AVENUE 4TH FLOOR NEW YORK NY 100172013 990 2016-10-01 464198975 AMERICAN Friends OF BAR-ILAN UNIVERSITY INC % DANIEL ENGEL AMER 2129063900 160 East 56th Street New York NY 10022 SUSAN SOLOMON COO 2129063900 2018-08-15 true Scott Thompsett P00741490 2125990100 2018-08-15 2016 2022-09-23 18:48:47Z Susan Solomon 160 East 56th Street New York NY 10022 21460186 false X www.AFBIU.org X 2012 NY The American Friends of Bar-Ilan's primary exempt mission is to fundraise and develop philanthropic donors within the U.S. to support Bar-ilan University in Israel. 37 37 24 37 0 0 13383841 11320084 4700000 4700000 443618 170303 15624 17372 18543083 16207759 10614149 9851593 0 0 2764006 2959646 14800 78067 3459900 1254222 1182055 14647177 14071361 3895906 2136398 40031372 41794625 6230823 4045186 33800549 37749439 X THE AMERICAN FRIENDS OF BAR-ILAN'S PRIMARY EXEMPT MISSION IS TO FUNDRAISE AND DEVELOP PHILANTHROPIC DONORS WITHIN THE U.S. TO SUPPORT BAR-ILAN UNIVERSITY IN ISRAEL. false false 9851593 9851593 4700000 The American Friends of Bar-Ilan University (AFBIU) develops philanthropic support for Bar-Ilan University (BIU) in Israel. AFBIU seeks contributions at all levels of giving from individuals, families, foundations and businesses who embrace the University's mission-unique among Israeli universities-to provide students with high-level educational experiences in an academic environment infused with Jewish values and a love of the State of Israel. Historically, the American Friends of Bar-Ilan has operated as a fundraising division within Bar-Ilan University, serving to broaden the University's donor base in the United States and cultivate a sustained stream of funding. For nearly 60 years, AFBIU has been a vital partner in support of the University's mission to create a core curriculum that provides a diverse group of students with a common basic understanding of their Jewish heritage, history and culture, as well as of the Zionist values which underpin the State of Israel. Today, AFBIU has developed its own identity separate from its parent organization, BIU. AFBIU has obtained its own Section 501(c)(3) tax exemption from the Internal Revenue Service and is operating independently from BIU. AFBIU represents the University's interests in the United States; our funding of academic projects, facilities, returning scientists and scholarships through annual contributions and planned gifts are laying a foundation of support that will sustain the University for generations to come. 9851593 true true false false false false false false false true true true false true true true false true false false true true false true false false false false false true false false false false false false false false true false false false false true false false false true 20 0 true 24 true false false false false false false false false false false X 37 37 true false false false false false false true true false false true true true true true true true true false NY X DANIEL ENGEL 2129063900 160 EAST 56TH STREET new york NY 10022 Alan Zekelman Chairman 2.0 1.0 X X 0 0 0 Ronnie Stern President 4.0 1.0 X X 0 0 0 S Daniel Abraham honorary Chairman of Board 1.0 1.0 X 0 0 0 Gail Propp Vice President/Secretary 2.0 1.0 X X 0 0 0 Steven P Rosenberg Vice President/Treasurer 1.0 1.0 X X 0 0 0 Peter Rzepka honorary President 1.0 1.0 X 0 0 0 Michael G Jesselson honorary Pres./Assoc Treasurer 2.0 3.0 X X 0 0 0 Mordecai D Katz Vice President 1.0 1.0 X X 0 0 0 Jane S Lebell honorary President 1.0 2.0 X 0 0 0 Jack M Nagel Vice President 1.0 1.0 X X 0 0 0 Drew Parker Vice President 1.0 0.0 X X 0 0 0 Harris Bak Director 1.0 0.0 X 0 0 0 Jonathan L Blinken Director 1.0 0.0 X 0 0 0 Jack D Burstein Director 1.0 0.0 X 0 0 0 Nissim Dahan Director 1.0 1.0 X 0 0 0 Charles Frankel Director 1.0 0.0 X 0 0 0 Daniel Gildin Director 2.0 0.0 X 0 0 0 Eleazer Hirmes Director 1.0 1.0 X 0 0 0 Laurie M Hirsch Director 1.0 0.0 X 0 0 0 Stephen Hoffman Director 1.0 0.0 X 0 0 0 Daniel Krasner Director 1.0 0.0 X 0 0 0 Frank Lee Director 1.0 0.0 X 0 0 0 Michael Maling Director 1.0 0.0 X 0 0 0 Fred Ohebshalom Director 1.0 0.0 X 0 0 0 Ira L Rennert Director 1.0 1.0 X 0 0 0 David Sable Director 1.0 0.0 X 0 0 0 Lawrence M Schantz Director 1.0 0.0 X 0 0 0 Jay L Schottenstein Director 1.0 1.0 X 0 0 0 Gary A Shiffman Director 1.0 0.0 X 0 0 0 Rena Slomovic Director 1.0 1.0 X 0 0 0 Moshael J Straus Director 1.0 1.0 X 0 0 0 Ronald S Tauber Director 1.0 0.0 X 0 0 0 Mitchell Wohlberg Director 1.0 1.0 X 0 0 0 Robert Nusbaum Director 1.0 0.0 X 0 0 0 Abby Doft Director 1.0 0.0 X 0 0 0 Bernice Schwartz Director 1.0 0.0 X 0 0 0 Matthew J Maryles Director 1.0 1.0 X 0 0 0 Susan Solomon Chief Operating officer 40.0 0.0 X 194694 0 27186 Ronald Solomon EXECUTIVE VICE PRESIDENT 40.0 0.0 X 274403 0 55797 Daniel B Engel Controller 40.0 0.0 X 136215 0 36028 Ari Steinberg Director - Mid-west region 40.0 0.0 X 178563 0 43388 Gary Baskind VP for Special Gifts 40.0 0.0 X 153306 0 36837 Karen Paul-Reuven Associate Director- West Coast 40.0 0.0 X 149118 0 40904 Jayne Kaplan Executive Director - Southeast 40.0 0.0 X 111840 0 31162 1198139 0 271302 7 false true false Grant Thornton LLP 757 Third Avenue NEW YORK NY 10017 Accounting 142888 1 11320084 967406 11320084 FUNDRAISING FEES 900099 4700000 4700000 4700000 270247 270247 0 0 17372 0 17372 0 17372 17372 5152483 5252427 -99944 -99944 -99944 0 0 0 0 0 0 0 0 0 0 16207759 4700000 187675 0 0 9851593 9851593 0 516250 129750 386500 0 1780277 132577 1647700 154239 14877 139362 360237 52503 307734 148643 17970 130673 4200 4200 15560 2589 12971 166504 166504 0 78067 78067 61974 61974 0 28661 28661 191235 48669 142566 0 0 421054 114951 306103 94078 94078 0 6559 6559 0 0 29136 8449 20687 29398 7786 21612 MAIL CAMPAIGN 108376 108376 CONTRIBUTION PROMOTION 5586 5586 REGISTRATIONS & SUBSCRIPTION 9236 401 8835 MISCELLANEOUS 10498 868 9630 14071361 9851593 759868 3459900 1702625 578487 6263580 9458265 8965450 9277843 0 0 0 0 0 0 0 0 0 0 127091 131817 368254 276696 116129 91558 13149166 8809978 7688284 11058683 0 0 0 0 2019047 2387994 40031372 41794625 277896 230185 3886311 1598980 0 0 0 0 0 0 0 0 0 0 0 0 2066616 2216021 6230823 4045186 X 6609168 8189043 16829711 19026955 10361670 10533441 33800549 37749439 40031372 41794625 X 2136398 2062458 -249966 X false true X true false X 0 0 7389217 13383841 11320084 32093142 0 0 0 0 7389217 13383841 11320084 32093142 2754033 29339109 0 0 487579 522006 287619 1297204 0 0 33390346 14100000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10834230 163197 1284158 -266849 12548434 10984817 17203 661601 242631 586760 10834230 11228769 377787 -58491 281472 281776 10984817 10451192 49252 856696 315371 -187000 11228769 9929787 101554 899874 255547 224476 10451192 0.00000 0.87670 0.12330 237224 158354 78870 128010 115322 12688 3020 3020 91558 FUND OF FUNDS 4079101 HEDGE FUNDS 3411718 STATE OF ISRAEL 1204500 OTHER PRIVATE FUNDS 1036710 OTHER SECURITIES 1326654 11058683 BENEFICIAL INTERESTS IN TRUSTS 2176988 CASH VALUE OF LIFE INSURANCE 165539 DUE FROM HARON DAHAN FUND 21210 OTHER RECEIVABLES 24257 2387994 0 ANNUITIES PAYABLE 1500209 DEFERRED COMPENSATION 715812 2216021 X 18082923 2062458 -125320 1937138 16145785 61974 61974 16207759 14134033 124646 124646 14009387 61974 61974 14071361 Schedule D, Part V: Endowment Funds The current Form 990 represents the third complete Information Return that American Friends of Bar Ilan has completed as its activities had previously been reported in the Form 990 of its related organization, Bar-Ilan University in Israel, Inc. Prior to obtaining its own Section 501(c)(3) tax exemption, AFBIU operated as a division of Bar-Ilan University (see Schedule O for more information) and its endowment was disclosed on that organization's Form 990. In the interests of transparency and full disclosure, AFBIU is completing the entire endowment rollforward on Schedule D, Part V to report the activity in its endowment (even though this is technically its third Form 990). The prior year data disclosed in columns (c) through (e) reconcile to that reported on the previously filed BIU 990s. Part X, Line 2: Fin 48 AFBIU follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. AFBIU is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to their exempt purpose, unless that income is otherwise excluded by the Code. AFBIU has processes presently in place to ensure the maintenance of their tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. AFBIU determined that there are no material uncertain positions that require recognition or disclosure in the financial statements. Schedule D, Part XI and XII AFBIU does not receive standalone financial statements; its operations are consolidated with an affiliated organization, The Haron Dahan Fund. The Parts XI and XII reconciliation on Schedule D tie back to AFBIU's financial information within the audited financial statements and not to the consolidated numbers. Schedule D, Part XI, Line 2d Changes in Value of Split-interest agreements (125,320) Schedule D, Part XII, Line 2d Uncollectible Pledges (124,646) true Middle East and North Africa Grantmaking 9851593 Central America and the Caribbean Investments 4535844 14387437 14387437 Middle East and North Africa Education 9851593 1 0 true false true false true false Schedule F, Part IV Foreign Forms The American Friends of Bar-Ilan University, Inc. invests in various alternative investments, both domestically and internationally. While AFBIU may own these investment vehicles, its ownership in (or transfers to) these investments may not rise to the thresholds required for filing Forms 926, 8865 or 5471. To the extent that AFBIU is required to file these Forms, they are submitted along with its Form 990-T, Business Income Tax Return. X X X X X true Schnur Associates Inc FUNDRAISING CONSULTANT false 78067 78067 NY X X X false false false false false false false false false Daniel B Engel Controller 136215 9835 26193 172243 Susan Solomon Chief Operating officer 194694 13819 13367 221880 Ronald Solomon EXECUTIVE VICE PRESIDENT 274403 24998 30799 330200 Ari Steinberg Director - Mid-west region 178563 12950 30438 221951 Gary Baskind VP for Special Gifts 153306 14400 22437 190143 Karen Paul-Reuven Associate Director- West Coast 149118 13690 27214 190022 X 6 967406 FMV false true true Form 990, Schedule M, Line 32A To the extent That AFBIU receives any non-cash donations (usually in the form of securities, bonds, etc), the organization may employ its investment advisor to convert the investments into cash by selling them. General Statement American Friends of Bar-Ilan, Inc. (AFBIU) obtained its federal tax-exemption in September of 2014; this tax exemption is retroactive to the date of February 15, 2012. Prior to obtaining its own Section 501(c)(3) tax exemption, AFBIU was a division of Bar-Ilan University in Israel, Inc., a foreign university that does have a federal tax exemption under Section 501(c)(3) and files its own Form 990 with the Internal Revenue Service. AFBIU's financial information, governance activities and operations were previously reported on BIU's Form 990. Although AFBIU has obtained its separate tax-exempt status and compiles its own separate audited financial statements, the process of separating the assets of BIU and AFBIU has not been concluded prior to the conclusion of the AFBIU's tax year. All of the assets reported in AFBIU's financial statements are technically still owned by BIU; nevertheless, AFBIU's management has concluded that reporting its financial information within BIU's Form 990 does not provide a transparent representation of AFBIU's annual activities. Beginning with the 2014 Form 990, AFBIU is reporting its own financial information, governance activities and operations in its own standalone Form 990 to promote transparency and to provide potential donors with an accurate representation of its programmatic activities, goals and initiatives. Form 990, Part VI, Line 11b Form 990 was prepared by an independent accounting firm in conjunction with the AFBIU's financial department. A copy of the draft Form 990 was circulated to the full Board of Directors for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the internal revenue service. Form 990, Part VI, Line 12c Each officer, director, trustee and key employee of the Organization is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the Organization. The Organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. Form 990, Part VI, Line 15a The Organization undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees is reasonable. The organization board has established a compensation committee of Independent persons that have no interest in the proposed compensation agreement. The compensation committee utilizes a comparability and benchmarking survey to ensure that the organization compensates its executives commensurate with the market. Form 990, Part VI, Line 19 The organization makes its form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's Financial Statements, governing documents, and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part XI, Line 9 Changes in Value of Split-interest agreements (125,320) Uncollectible Pledges (124,646) Total (249,966) Form 990, Part VI, Line 2 Jayne Stern Lebell & Ronnie Stern Have a Family Relationship Drew Parker & Jack M. Nagel Have a Family Relationship Michael G. Jesselson & Steven P. Rosenberg Have a Family Relationship haron Dahan Fund for Bar-ilan university 160 east 56th street new york NY 10022 263541989 fundraising NY 501(c)(3) 12 NA false Bar ilan University in Israel Inc 160 East 56th Street New York NY 10022 136192275 Education IS 501(c)(3) 2 na false false true false false false false false false false false false true false true true false false false false Bar-Ilan University B 9851593 Cash Bar-Ilan University L 4700000 Cash