2018-10-19T12:04:25-05:00 2017-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-01-01 132961273 ISRAEL TENNIS CENTERS FOUNDATION INC ISRA 2127849200 57 WEST 38TH STREET NO 605 NEW YORK NY 10018 BRUCE APPEL CFO 6468847450 2018-10-17 1 ROBERT R LYONS CPA P00227472 2125038800 2018-10-17 69.74.165.34 2018-10-17 09:51:05 ED P CE55B992A4E7BB938BB83E29A744DC585541D033 79DA3F7F838F945FD86622B3E897B41B13144F08 2017 2018-06-14 16:35:46Z JACQUELINE S GLODSTEIN 57 WEST 38TH STREET NO 605 NEW YORK NY 10018 9764635 0 X WWW.ISRAELTENNISCENTERS.ORG X 1978 NY USING TENNIS AS A VEHICLE ITC IMPROVES THE QUALITY OF CHILDREN'S LIVES FROM ALL BACKGROUNDS IN ISRAEL, HELPING THEM MATURE INTO PRODUCTIVE CITIZENS. 56 56 15 250 0 0 5878775 4975616 0 0 485237 1158445 0 0 6364012 6134061 2705144 3599151 0 0 1343603 1196020 0 0 1020655 1086734 885957 5135481 5681128 1228531 452933 24377833 24963079 3632958 2919572 20744875 22043507 X THROUGH THE MEDIUM OF TENNIS AND EDUCATION THE ITC TEACHES LIFE SKILLS TO CHILDREN OF ALL BACKGROUNDS, SHAPES THEIR CHARACTER AND HELPS THEM RECOGNIZE THEIR POTENTIAL AND REALIZE THEIR DREAMS. OUR 14 CENTERS THROUGHOUT ISRAEL, LOCATED IN MOSTLY UNDERPRIVILEGED NEIGHBORHOODS, PROVIDE DISADVANTAGED CHILDREN WITH A SAFE, STRUCTURED AND NURTURING LEARNING ENVIRONMENT. THIS INCLUDES COEXISTENCE PROGRAMS FOR JEWISH, ARAB, CHRISTIAN, DRUZE AND BEDOUIN YOUTH, HOLISTIC WELFARE PROGRAMS FOR AT RISK CHILDREN AND STRUCTURED TENNIS AND FITNESS PROGRAMS FOR CHILDREN WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES. 0 0 4311648 3599151 THE MOST SIGNIFICANT PROGRAM ACCOMPLISHMENT SUPPORTED AT THE ISRAEL TENNIS CENTERS INCLUDE RESOURCES SENT TO ISRAEL TO PROVIDE SCHOLARSHIPS TO UNDERSERVED, UNDERPRIVILEGED, AND AT RISK CHILDREN TO PARTICIPATE IN SOCIAL IMPACT PROGRAMS UTILIZING TENNIS AS THE VEHICLE TO TEACH LIFE SKILLS. THE FOUNDATION ALSO SUPPORTS PROGRAMS OF COEXISTENCE, SPECIAL NEEDS, ENGLISH LANGUAGE, AND COMPETITIVE AND HIGH PERFORMANCE TENNIS. SUPPORT ALSO MAINTAINS THE INTEGRITY AND THE SAFETY OF THE PHYSICAL PLANT OF THE CENTERS. FINALLY, THE FOUNDATION WORKS CLOSELY WITH THE ITC IN DEVELOPING PROGRAMS IN ISRAEL, EDUCATING BOTH IN ISRAEL AND IN THE US ABOUT THE PROGRAMS, AS WELL AS REPLICATING MODEL ITC PROGRAMS IN OTHER US INSTITUTIONS. ADDITIONALLY, THE FOUNDATION EXPANDS AWARENESS OF OUR ITC PROGRAMS TO INCREASE INVOLVEMENT AND SUPPORT. 4311648 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 5 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 56 56 1 0 0 0 0 0 0 1 0 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 BRUCE APPEL 2127849200 C/O ISRAEL TENNIS CENTERS FOUNDATIO NEW YORK NY 10010 ALAN GOLDNER DIRECTOR 2.00 X 0 0 0 ALAN GOLDSTEIN DIRECTOR 2.00 X 0 0 0 AMY F HENDRICKS DIRECTOR 2.00 X 0 0 0 BARRY FEINBERG LIFETIME DIRECTOR 2.00 X 0 0 0 BENJAMIN BEILER DIRECTOR 2.00 X 0 0 0 BRUCE R BACHMANN DIRECTOR (FORMER) 2.00 X 0 0 0 BUNNY SHESTACK DIRECTOR 2.00 X 0 0 0 BURTON S URY DIRECTOR 2.00 X 0 0 0 DARREN ZEIDEL DIRECTOR 2.00 X 0 0 0 DAVID HIRSCH DIRECTOR 2.00 X 0 0 0 MR LOUIS LIBIN DIRECTOR 2.00 X 0 0 0 DR ERIC S MARSHALL DIRECTOR 2.00 X 0 0 0 DR JOEL MANN DIRECTOR 2.00 X 0 0 0 DR WILLIAM H LIPPY LIFETIME DIRECTOR 2.00 X 0 0 0 EDWARD E REICIN DIRECTOR 2.00 X 0 0 0 EUGENE M GRANT DIRECTOR (FORMER) 2.00 X 0 0 0 GERALD L COHEN SECRETARY 2.00 X X 0 0 0 GERALD MILLMAN ASSISTANT SECRETARY 2.00 X X 0 0 0 GLORIA BORIS LIFETIME DIRECTOR 2.00 X 0 0 0 H FRED LEVINE DIRECTOR 2.00 X 0 0 0 HAROLD ROSENSON LIFETIME DIRECTOR 2.00 X 0 0 0 ARLENE MARK DIRECTOR 2.00 X 0 0 0 JAMES E FRANK DIRECTOR 2.00 X 0 0 0 MICHAEL BERKIN DIRECTOR (FORMER) 2.00 X 0 0 0 CLAUDINE NUSSDORF DIRECTOR 2.00 X 0 0 0 JACQUELINE SAVAGE DIRECTOR 2.00 X 0 0 0 ALICIA NUSSDORF DIRECTOR 2.00 X 0 0 0 JOYCE PERNIN TREASURER 2.00 X X 0 0 0 KAREN BERSTEIN DIRECTOR 2.00 X 0 0 0 LARRY GREENSPON LIFETIME DIRECTOR 2.00 X 0 0 0 LINDA J KATELL ROWAN DIRECTOR 2.00 X 0 0 0 MARY BIANCO DIRECTOR (FORMER) 2.00 X 0 0 0 BRADLEY MILES DIRECTOR 2.00 X 0 0 0 MICHAEL RITTER DIRECTOR 2.00 X 0 0 0 NORMA ROSENBERG DIRECTOR 2.00 X 0 0 0 ORIN S NEIMAN LIFETIME DIRECTOR (FORMER) 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 ROSALIND DEVON DIRECTOR 2.00 X 0 0 0 RICK STONE DIRECTOR 2.00 X 0 0 0 SANDRA L LIPPY DIRECTOR 2.00 X 0 0 0 SEYMOUR BRODE LIFETIME DIRECTOR 2.00 X 0 0 0 STEVE HALPERN DIRECTOR 2.00 X 0 0 0 STUART M SCHAPIRO DIRECTOR 2.00 X 0 0 0 SUE KARATZ DIRECTOR 2.00 X 0 0 0 SAMUEL SHAPIRO DIRECTOR 2.00 X 0 0 0 THOMAS S BERNSTEIN DIRECTOR 2.00 X 0 0 0 MS LINDA SILVERBERG DIRECTOR 2.00 X 0 0 0 COREY LEVINE DIRECTOR 2.00 X 0 0 0 MARK MANN DIRECTOR 2.00 X 0 0 0 HAL MUNTER DIRECTOR (FORMER) 2.00 X 0 0 0 WENDY L SLAVIN DIRECTOR 2.00 X 0 0 0 IRWIN SHORR DIRECTOR 2.00 X 0 0 0 PHILIP SILBER PRESIDENT 2.00 X X 0 0 0 RABBI DAVID STEINHARDT DIRECTOR 2.00 X 0 0 0 JOSHUA BEILER DIRECTOR (FORMER) 2.00 X 0 0 0 MARY GRATEHOUSE DIRECTOR 2.00 X 0 0 0 ERAN NORNBERG DIRECTOR 2.00 X 0 0 0 PHYLLIS L PULLMAN DIRECTOR 2.00 X 0 0 0 STEVE ROSENBERG DIRECTOR 2.00 X 0 0 0 JEFFREY SIEGEL DIRECTOR 2.00 X 0 0 0 JOYCE EISENBERG-KEEFER DIRECTOR (FORMER) 2.00 X 0 0 0 DARLENE NEIMAN DIRECTOR (FORMER) 2.00 X 0 0 0 EDNA WEISS DIRECTOR (FORMER) 2.00 X 0 0 0 VALERIE DIKER DIRECTOR (FORMER) 2.00 X 0 0 0 MONTY HALL DIRECTOR (FORMER) 2.00 X 0 0 0 MARVIN RUBIN DIRECTOR (FORMER) 2.00 X 0 0 0 ROBERT WERNER DIRECTOR (FORMER) 2.00 X 0 0 0 SAM LIEBOVICH DIRECTOR (FORMER) 2.00 X 0 0 0 MRS LINDA SOLOMON DIRECTOR 2.00 X 0 0 0 EDWARD J TRIEBER DIRECTOR 2.00 X 0 0 0 JACQUELINE S GLODSTEIN EXECUTIVE V.P. GLOBAL DEVE 40.00 X 283811 0 48842 BRUCE APPEL CHIEF FINANCIAL OFFICER 40.00 X 139190 0 35561 YONI YAIR VP FOR DEVELOPMENT 40.00 X 177605 0 22565 600606 0 106968 3 0 1 0 0 4975616 197559 4975616 378735 378735 4410284 3630574 779710 779710 779710 6134061 0 0 1158445 3599151 3599151 689554 260340 156747 272467 400930 144572 35305 221053 9200 3278 565 5357 31335 15301 5051 10983 65001 24339 11360 29302 48748 48748 80112 13295 19991 46826 123613 13536 7707 102370 37422 12918 5864 18640 77090 27398 14105 35587 70666 30681 7219 32766 44194 14178 14178 15838 93403 69277 12063 12063 15907 5704 2774 7429 18982 6681 3306 8995 EXHIBITIONS & EVENTS 158830 25506 133324 MISCELLANEOUS 70659 45463 3777 21419 PRINTING 31518 30 65 31423 DONOR RECOGNITION 10896 10896 3917 3917 5681128 4311648 348825 1020655 306 499734 1424598 1237319 4312679 4295533 13858 24135 30831 81519 143821 140836 18892 2985 10971558 11480206 7089655 6852312 515456 489336 24377833 24963079 110583 136288 189500 2754671 2225827 578204 557457 3632958 2919572 X 5954611 6773052 6815660 7295851 7974604 7974604 20744875 22043507 24377833 24963079 X 452933 1001397 170270 -325968 X X 0 1 X 1 0 X 5713450 4422252 3104432 5878775 4975616 24094525 5713450 4422252 3104432 5878775 4975616 24094525 2508620 21585905 314389 324097 350330 366901 378735 1734452 25828977 0.83570 0.83140 X 18914828 507478 1760926 1703286 19479946 18734382 542594 652688 1014836 18914828 18394569 627520 -132652 155055 18734382 17773276 300000 755046 433753 18394569 16987746 650000 1827795 1692265 17773276 0.59170 0.40830 0 0 143821 140836 2985 2985 STATE OF ISRAEL BONDS 6540400 F ALTERNATIVE INVESTMENTS 311912 F 6852312 CHARITABLE GIFT ANNUITY PAYABLE 557457 557457 X 7086710 1001397 1001397 6085313 48748 48748 6134061 5749392 117012 117012 5632380 48748 48748 5681128 PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBT 117,012. 1 MIDDLE EAST AND NORTH AFRICA 14 300 PROGRAM SERVICES SOCIAL SERVICES USING TENNIS AS THE MEDIUM 3599151 14 300 0 0 14 300 3599151 0 3599151 MIDDLE EAST AND NORTH AFRICA SOCIAL SERVICES USING TENNIS AS THE MEDIUM 3599151 WIRE TRANSFER 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. X X X 0 0 0 0 0 0 0 0 0 JACQUELINE S GLODSTEIN EXECUTIVE V.P. GLOBAL DEVE 283811 0 0 0 0 0 8514 0 40328 0 332653 0 0 0 BRUCE APPEL CHIEF FINANCIAL OFFICER 139190 0 0 0 0 0 4176 0 31385 0 174751 0 0 0 YONI YAIR VP FOR DEVELOPMENT 177605 0 0 0 0 0 5328 0 17237 0 200170 0 0 0 X 4 45913 FMV X TICKETS OTHER 8 151646 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION RECEIVED A TOTAL OF 12 NON-CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 DR. WILLIAM H. LIPPY, SANDRA L. LIPPY AND DAVID LIPPY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE SHALL HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. NO COMMITTEE SHALL HAVE THE AUTHORITY TO APPROVE OR RECOMMEND TO MEMBERS ACTIONS OR PROPOSALS REQUIRED TO BE APPROVED BY VOTING MEMBERS, FILL VACANIES ON THE BOARD OF DIRECTORS OR ANY COMMITTEES, ADOPT, AMEND OR REPEAL THESE BYLAWS, AUTHORIZE OR APPROVE QUALIFICATIONS FOR MEMBERS OR AUTHORIZE OR APPROVE DISSOLUTION OF THE COPORATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE PRESIDENT AND TREASURER FOR THEIR REVIEW AND APPROVAL. ONCE APPROVED THE 990 IS CIRCULATED TO THE ENTIRE BOARD. ONCE THE BOARD HAS APPROVED THE 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 COMMITTEE, 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 US STAFF MEMBERS. THE COMPENSATION IS THAN 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 -190,570. CHANGE IN CASH SURRENDER VALUE OF INSURANCE -18,386. PROVISION FOR BAD DEBT -117,012. FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM LAST YEAR.