2013-11-04T14:39:04-06:00 2012-12-31 592831281 CALER DONTEN LEVINE ET AL PA 505 SOUTH FLAGLER DR 900 WEST PALM BEACH FL 334015948 990 2012-01-01 132961273 ISRAEL TENNIS CENTERS FOUNDATION INC F/K/A ISRAEL CHILDREN'S CENTERS INC ISRA 6468847450 432 PARK AVENUE SOUTH NO 4TH FL NEW YORK NY 10016 BENJAMIN BEILOR 6468847450 2013-11-04 1 THOMAS A PENCE JR P00141013 5618329292 2012 2016-03-07 17:11:31Z BENJAMIN BEILER 432 PARK AVENUE SOUTH NEW YORK NY 10016 16158049 0 X WWW.ISRAELTENNISCENTERS.ORG X 1978 NY USING TENNIS AS A VEHICLE, ITC IMPROVES THE QUALITY OF LIVES OF CHILDREN THROUGH ITS PROGRAMS. 55 55 9 0 0 -156 2781563 4759739 0 0 633873 932007 0 824 3415436 5692570 4638670 5127791 0 0 491219 757268 0 0 711076 687936 905346 5817825 6790405 -2402389 -1097835 21816591 21559020 2162258 2134069 19654333 19424951 X THROUGH THE MEDIUM OF TENNIS, THE ITC OFFERS COEXISTENCE PROGRAMS FOR JEWISH, ARAB, CHRISTIAN, DRUZE, AND BEDOUIN KIDS, HOLISTIC WELFARE PROGRAMS FOR AT-RISK CHILDREN, STRUCTURED PHYSICAL EDUCATION PROGRAMS FOR CHILDREN WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES AND SPORTS AND EDUCATION WORKSHOPS TO HELP IMMIGRANT CHILDREN INTEGRATE INTO ISRAELI SOCIETY. OVER 20,000 CHILDREN ARE SERVED ANNUALLY. THE PROGRAMS NUTURE TOLERANCE AND COLLABORATION, PROMOTING A FUTURE OF PEACEFUL COEXISTENCE. 0 0 5127791 5127791 4759739 SEE ATTACHED SCHEDULE FOR VARIOUS SUPPORTING PROGRAMS 5127791 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 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 4 0 0 9 1 0 1 BF 0 0 0 0 0 0 0 0 0 0 0 X 55 55 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 IL X BRUCE APPEL 6468847450 432 PARK AVE SOUTH 4TH FLOOR NEW YORK NY 10016 ALAN GOLDNER 2.00 X X 0 0 0 ALAN GOLDSTEIN 2.00 X X 0 0 0 AMY F HENDRICKS 2.00 X 0 0 0 ARI STRASBERG 2.00 X 0 0 0 BARRY FEINBERG 2.00 X 0 0 0 BENJAMIN BEILER 2.00 X 0 0 0 BRUCE R BACHMANN 2.00 X X 0 0 0 BUNNY SHESTACK 2.00 X 0 0 0 BURTON S URY 2.00 X 0 0 0 DARREN ZEIDEL 2.00 X 0 0 0 DAVID HIRSCH 2.00 X 0 0 0 DAVID LIPPY 2.00 X 0 0 0 DR ERIC S MARSHALL 2.00 X 0 0 0 DR JOEL MANN 2.00 X 0 0 0 DR WILLIAM H LIPPY 2.00 X 0 0 0 EDWARD E REICIN 2.00 X 0 0 0 ELLEN GENENDER 2.00 X 0 0 0 EUGENE M GRANT 2.00 X 0 0 0 GERALD L COHEN 2.00 X X 0 0 0 GERALD MILLMAN 2.00 X 0 0 0 GLORIA BORIS 2.00 X 0 0 0 H FRED LEVINE 2.00 X 0 0 0 HAROLD ROSENSON 2.00 X 0 0 0 HAROLD S DIVINE 2.00 X 0 0 0 JACOB SLEVIN 2.00 X 0 0 0 JAMES E FRANK 2.00 X 0 0 0 JEFFREY MARSHALL 2.00 X 0 0 0 JILLIAN MERNS 2.00 X 0 0 0 JOAN WEISS 2.00 X 0 0 0 JOANNA SLEVIN 2.00 X 0 0 0 JOYCE PERNIN 2.00 X 0 0 0 KAREN BERNSTEIN 2.00 X 0 0 0 LARRY GREENSPON 2.00 X 0 0 0 LES NACKMAN 2.00 X 0 0 0 LINDA J KATELL ROWAN 2.00 X 0 0 0 MARY BIANCO 2.00 X 0 0 0 MAURICE S COHEN 2.00 X 0 0 0 MICHAEL RITTER 2.00 X 0 0 0 NORMA ROSENBERG 2.00 X 0 0 0 ORIN S NEIMAN 2.00 X 0 0 0 REBECCA HELLER 2.00 X 0 0 0 RICHARD SAVITT 2.00 X 0 0 0 RICK STONE 2.00 X 0 0 0 ROBERT KARATZ 2.00 X 0 0 0 ROSALIE ROSENZWOG 2.00 X 0 0 0 ROSALIND DEVON 2.00 X 0 0 0 SAM LIEBOVICH 2.00 X 0 0 0 SANDRA L LIPPY 2.00 X X 0 0 0 SARA LYTER 2.00 X 0 0 0 SEYMOUR BRODE 2.00 X 0 0 0 STEVE HALPERN 2.00 X 0 0 0 STUART M SCHAPIRO 2.00 X 0 0 0 SUE KARATZ 2.00 X 0 0 0 SYDNEY SELATI 2.00 X X 0 0 0 THOMAS E BERNSTEIN 2.00 X X 0 0 0 JACQUELINE S GLODSTEIN 40.00 X 240000 0 50988 240000 0 50988 1 0 1 0 0 4759739 194679 4759739 454331 454331 7 7 10943155 10465479 477676 477676 477676 NB CROSSROADS FUND XVII 900099 542 542 NB CROSSROADS FUND XVIII 900099 275 275 817 5692570 0 0 932831 5127791 5127791 609657 272246 337411 38137 24476 13661 79608 65183 14425 29866 15515 14351 10000 10000 10521 10521 45115 45115 9737 9737 74468 74468 18392 18392 42681 42681 35502 35502 14196 6101 8095 21158 21158 25913 25913 5466 5466 11443 11443 UNCOLLECTIBLE DONATIONS 205030 205030 EXHIBITIONS AND EVENTS 91129 91129 DONOR RECOGNITION 65970 65970 PRINTING AND POSTAGE 65075 9471 55604 153550 117588 35962 6790405 5127791 951538 711076 2024133 1180508 967824 1832007 53928 68108 15011 30123 61545 24003 88223 78138 12711 10085 18432848 18157478 248591 256708 21816591 21559020 14104 108516 392561 389000 999885 849885 755708 786668 2162258 2134069 X 10534582 8673900 1988483 3619783 7131268 7131268 19654333 19424951 21816591 21559020 X -1097835 938258 -69805 X 0 1 X 1 0 X 2311427 1666134 2776927 2781563 4759739 14295790 2311427 1666134 2776927 2781563 4759739 14295790 678173 13617617 981053 656956 570032 469178 437185 3114404 17410194 0.78220 0.72130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18788095 112125 1318427 3110131 64106 17044410 21983877 1098719 -1215139 3012101 67261 18788095 21318774 204454 2047266 1533039 53578 21983877 20063075 28667 2831838 1565948 38858 21318774 26326832 238745 -4886651 1545698 70153 20063075 0.58160 0.41840 0.00000 0 0 88223 78138 10085 10085 STATE OF ISRAEL BONDS 6709000 F EQUITY MUTUAL FUNDS 6353874 F FIXED INCOME MUTUAL FUNDS 1156980 F ALTERNATIVE INVESTMENTS 1772756 F ANNUITY CONTRACTS 252247 F COMMON STOCKS 1912621 F 18157478 ANNUITY PAYMENT LIABILITY 786668 786668 6268602 938258 -69805 868453 5400149 87391 205030 292421 5692570 6497984 0 6497984 87391 205030 292421 6790405 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF INSURANCE 8,117. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -77,922. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBTS 205,030. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBTS 205,030. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH STATES THAT MANAGEMENT'S DETERMINATION OF THE TAXABLE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY, IS A TAX POSITION SUBJECT TO THE STANDARDS REQUIRED FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT DOES NOT BELIEVE THAT THE FOUNDATION HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION REMAINS SUBJECT TO EXAMINATIONS BY MAJOR TAX JURISDICTIONS FOR TAX YEARS ENDING AFTER DECEMBER 31, 2008. 0 MIDDLE EAST AND NORTH AFRICA - 0 0 PROGRAM SERVICES SOCIAL SERVICES USING TENNIS AS THE MEDIUM 0 0 0 0 0 0 0 0 0 MIDDLE EAST/NORTH AFRICA SOCIAL SERVICES USING TENNIS AS THE MEDIUM 5127791 WIRE TRANSFER N/A FMV 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 JACQUELINE S GLODSTEIN 240000 0 0 0 0 0 14400 0 36588 0 290988 0 0 0 X 9 164277 FMV X UNDERWRITING AND SPONSORSHIPS 2 30402 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTORS: DR. WILLIAM H. LIPPY AND SANDRA L. LIPPY ARE MARRIED; DAVID LIPPY IS THEIR SON. ROBERT KARATZ AND SUE KARATZ ARE MARRIED. THOMAS BERNSTEIN AND KAREN BERNSTEIN ARE MARRIED. JACOB SLEVIN IS THE SON OF JOANNA SLEVIN. FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON WHO SUSCRIBES TO THE AIMS, PURPOSES AND OBJECTIVES OF THE CORPORATION AND WHO MAKES OR HAS MADE A CONTRIBUTION IN SUCH AMOUNT AS SHALL BE DETERMINED BY THE BOARD OF DIRECTORS, FROM TIME TO TIME, TO BE IN SUPPORT OF SUCH AIMS AND PURPOSES MAY BE A MEMBER OF THE CORPORATION. THE MEMBERS OF THE CORPORATION SHALL BE CLASSIFIED AS VOTING MEMBERS AND NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ARE SENT NAMES OF NOMINEES AT LEAST TWENTY DAYS BEFORE THE ANNUAL MEETING. OTHER NOMINATIONS MAY BE MADE IN WRITING BY FIFTY VOTING MEMBERS PROVIDED THAT SUCH NOMINATIONS ARE RECEIVED BY THE SECRETARY OF THE CORPORATION AT LEAST FIFTEEN DAYS BEFORE SUCH ANNUAL MEETING OF THE VOTING MEMBERS. NO PERSONS SHALL BE BALLOTED FOR DIRECTORS WHOSE NAMES ARE NOT PLACED IN NOMINATION IN ACCORDANCE WITH THE ABOVE. AT THE ANNUAL MEETING OF THE VOTING MEMBERS, THE CHAIRPERSON OF THE NOMINATING COMMITTEE SHALL PRESENT ITS REPORT AND ANY OTHER NOMINATIONS THAT HAVE BEEN MADE IN ACCORDANCE WITH THE ABOVE. DIRECTORS FOR THE ENSUING TERM SHALL BE ELECTED BY A MAJORITY VOTE OF THE VOTING MEMBERS PRESENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTE 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 VACANCIES 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 CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE PRESIDENT AND TREASURER FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. 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 EXECUTIVE COMMITTEE AND THE BUDGET COMMITTEE REVIEW AND SET THE COMPENSATION AMOUNTS OF ALL EMPLOYEES BY REVIEWING THE COMPARABLE FEDERAL COST OF LIVING SCHEDULES. THE BUDGET IS THEN APPROVED BY THE BOARD OF DIRECTORS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF INSURANCE 8,117. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -77,922.