2025-11-17T15:55:22-06:00 2024-12-31 133016202 BLOOM HOCHBERG & CO PC CPA'S 450 SEVENTH AVENUE NEW YORK NY 10123 990 2024-01-01 132961273 ISRAEL TENNIS CENTERS FOUNDATION INC ISRA 2127849200 165 E 56TH STREET 2ND FLOOR NEW YORK NY 10022 ILAN ALLALI CFO 2127849200 2025-11-17 1 0 HOWARD TABER P00446129 2122442112 2024 2025-03-06 01:10:19Z ISRAEL TENNIS & EDUCATION CENTER ILAN ALLALI 165 E 56TH STREET 2ND FLOOR NEW YORK NY 10022 10831449 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. 49 49 10 0 0 0 11108299 7174589 0 0 692314 1253304 0 0 11800613 8427893 3554248 4182648 0 0 1540464 1695375 0 0 1489770 2177020 1801887 7271732 7679910 4528881 747983 25340620 26773991 993835 1072621 24346785 25701370 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 5182020 4182648 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. 5182020 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 0 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 49 49 1 0 0 0 0 1 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 PAMELA BERKOWSKY DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 ANDREA KRAUS DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 BENJAMIN BEILER DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 LISA BOGATIN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 BURTON S URY DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 CARY GREEN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 GERALD L COHEN INTERNATIONAL TREASURER & 2.00 X 0 0 0 ELIJAH ANTFLICK DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 ROSALIND DEVON DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 KEVIN GREEN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 MAXIMILLIAN KAYE DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 JENNIFER HAAS DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 MAXINE COMISKY DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 ALAN GOLDNER NOMINATION COMMITTEE CO-CH 4.00 X 0 0 0 DAVID NICKOLL DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 LOREN GREENSPON DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 LARRY GREENSPON DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 STEPHEN HALPERN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 DAVID HIRSCH DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 LINDA J KATELL ROWAN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 MICHELE BERMAN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 MITCH GOLDHAR DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 RACHEL STEIN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 SANDRA L LIPPY DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 RICHARD PILOSOF DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 RICHARD ROTHSCHILD DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 RICK STONE DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 ERIC MARSHALL DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 ROBERT BARKIN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 GERALD MILLMAN FOUNDATION VICE PRESIDENT 4.00 X 0 0 0 RUSSELL TANZ DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 SAMUEL SHAPIRO DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 EDWARD E REICIN NOMINATION COMMITTEE CO-CH 4.00 X 0 0 0 LESLIE CORWIN DIRECTOR/BOARD MEMBER 4.00 X 0 0 0 TRACY URY DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 STEVE ROSENBERG DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 RANDI SELLINGER DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 HAROLD ROSENSON DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 EVAN RATNER DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 JEFFREY SIEGEL INTERNATIONAL BOARD TREASU 2.00 X 0 0 0 WENDY L SLAVIN DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 LINDA SOLOMON FOUNDATION BOARD SECRETARY 2.00 X 0 0 0 DAVID FRIEBERG DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 SHERRY FARDIE DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 MARY GRATEHOUSE DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 MANNY RABINOWITZ DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 CRAIG SHAPIRO DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 GAIL SHAPIRO DIRECTOR/BOARD MEMBER 2.00 X 0 0 0 JONATHAN YAIR SENIOR VP FOR DEVELOPMENT 40.00 X 300000 0 0 ILAN ALLALI CFO 50.00 X 0 0 0 MARCY GUTTMAN VP DEVELOPMENT 40.00 X 154794 0 0 NOAM YITZCHAKI VP DEVELOPMENT 40.00 X 102005 0 0 AUBRI A TUERO MARKETING DIRECTOR 40.00 X 98352 0 0 REGINA KHAIMOVA CONTROLLER 40.00 X 133979 0 0 789130 0 0 4 0 1 0 0 7174589 693393 7174589 681075 681075 2975785 2403556 572229 572229 572229 8427893 0 0 1253304 4182648 4182648 488579 285580 63993 139006 989960 310044 361839 318077 37749 18875 3397 15477 92345 46173 8311 37861 86742 43371 7807 35564 49145 9829 19658 19658 33380 6676 13352 13352 65328 65328 30534 6107 12213 12214 287908 143954 143954 76424 3821 3821 68782 10230 3376 1432 5422 75115 24788 10516 39811 321940 32193 289747 438 197 44 197 4436 3105 1331 9335 467 467 8401 1123 371 157 595 EXHIBITIONS AND EVENTS 555106 55511 499595 MISCELLANEOUS 190349 123723 66626 PRINTING 28153 2815 5631 19707 POSTAGE 26680 3735 22945 36263 5224 9844 21195 7679910 5182020 1008120 1489770 3632548 4709879 4729 6729 3489656 3353730 461598 429362 5978 8495 101510 86486 24359 15024 10808193 11323154 6563434 6563434 350125 364184 25340620 26773991 136631 210093 468484 487223 388720 375305 993835 1072621 X 8838823 10789959 15507962 14911411 24346785 25701370 25340620 26773991 X 747983 701275 -94673 X X 0 1 X 1 0 X 3682719 4998486 6211077 11108299 7174589 33175170 3682719 4998486 6211077 11108299 7174589 33175170 33175170 308033 347178 318274 416650 681075 2071210 35246380 0.94120 0.94370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17184948 693393 1794578 798191 8016 18866712 16716376 354086 1983682 1869196 17184948 19458304 562580 -2103555 1200953 16716376 17797168 216031 1736493 291388 19458304 18408140 123536 1381183 2115691 17797168 0 0 101510 86486 15024 15024 STATE OF ISRAEL BONDS 6559100 F ALTERNATIVE INVESTMENTS 4334 F 6563434 CHARITABLE GIFT ANNUITY PAYABLE 375305 375305 X 8969166 701275 -94674 606601 8362565 65328 65328 8427893 7614582 0 7614582 65328 65328 7679910 PART X, LINE 2: THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 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 -35,810. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -58,864. 1 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES SOCIAL SERVICES USING TENNIS AS THE MEDIUM 4182648 0 0 0 0 0 0 4182648 0 4182648 MIDDLE EAST AND NORTH AFRICA SOCIAL SERVICES USING TENNIS AS THE MEDIUM 4182648 WIRE TRANSFER 0 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. X X 0 0 0 0 0 0 0 0 0 JONATHAN YAIR SENIOR VP FOR DEVELOPMENT 300000 0 0 0 0 0 0 0 0 0 300000 0 0 0 MARCY GUTTMAN VP DEVELOPMENT 154794 0 0 0 0 0 0 0 0 0 154794 0 0 0 X 27 693393 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING DIRECTORS HAD A FAMILY RELATIONSHIP - LARRY GREENSPON AND LOREN GREENSPON BURTON URY AND TRACY URY FORM 990, PART VI, SECTION A, LINE 7A BROAD MEMBERS HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. 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 -35,810. CHANGE IN CASH SURRENDER VALUE OF INSURANCE -58,863. NONDEDUCTIBLE TRANSPORTATION BENEFITS FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.