Nonprofit · EIN 46-1723968
AFSNC INC
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,772,970 | $8,324,165 | $3,448,805 | $3,798,747 | $56,424 | $3,742,323 |
| December 31, 2023 | 990 | $4,962,645 | $9,112,623 | -$4,149,978 | $431,346 | $137,828 | $293,518 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,770,474
- Program service revenue
- $0
- Investment income
- $2,496
- Net gain from sales of assets
- $2,496
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,983,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $59,470
- Accounting fees
- $56,125
- Program services (functional)
- $8,239,582
- Management and general (functional)
- $84,583
Balance sheet and other
- Total assets, start of year
- $431,346
- Total assets, end of year
- $3,798,747
- Total liabilities, end of year
- $56,424
- Net assets, end of year
- $3,742,323
- Net assets without donor restrictions
- $242,323
- Net assets with donor restrictions
- $3,500,000
- Gross receipts
- $11,992,804
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2012
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY KASSEL | CHAIRMAN/PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOSHUA L LEVINE | VICE CHAIRMAN/TREASURER Trustee or director, Officer | 5 | $0 |
| JOSHUA KAPLAN | DIRECTOR/SECRETARY Trustee or director, Officer | 5 | $0 |
| CARRIE FILIPETTI | DIRECTOR Trustee or director | 5 | $0 |
| MAX KARPEL | DIRECTOR Trustee or director | 5 | $0 |
| MICHELE PACKMAN | VICE PRESIDENT Officer | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY KASSEL | CHAIRMAN/PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOSHUA L LEVINE | VICE CHAIRMAN/TREASURER Trustee or director, Officer | 5 | $0 |
| JOSHUA KAPLAN | DIRECTOR/SECRETARY Trustee or director, Officer | 5 | $0 |
| CARRIE FILIPETTI | DIRECTOR Trustee or director | 5 | $0 |
| MAX KARPEL | DIRECTOR Trustee or director | 5 | $0 |
| MICHELE PACKMAN | VICE PRESIDENT Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 40 WEST 57TH STREET 26TH FLOOR, NEW YORK, NY 10019-4001
- In care of
- % JAMES R LEDLEY
- Mailing address (990-N for 2015)
- 551 FIFTH AVENUE, NEW YORK NY 10176
- Principal officer (990 for 2024)
- MICHELE PACKMAN, 40 WEST 57TH STREET 26TH FLOOR, NEW YORK, NY 10019
- Principal officer (990-N for 2015)
- JAMES R LEDLEY, 551 FIFTH AVENUE, NEW YORK NY 10176
- Signed the 990
- MICHELE PACKMAN, VICE PRESIDENT
- Phone
- (212) 896-7635
- Return prepared by
- DDK & COMPANY LLP
Mission
AFSNC INC. WAS FORMED IN 2012 TO CONNECT BUSINESSES AND GOVERNMENT LEADERS TO ISRAELI IDEAS, TECHNOLOGIES, AND INNOVATION TO HELP SOLVE THEIR MOST PRESSING CHALLENGES.
Program accomplishments
- GRANT-MAKING TO ISRAELI ORGANIZATIONS IN SUPPORT OF PROJECTS AS LISTED ON SCHEDULE F, PART II, 1(D).Expenses $6,983,500 · grants $6,983,500
- EDUCATIONAL EVENTS AND GENERAL OUTREACH TO ENGAGE YOUNG JEWISH LEADERS.Expenses $557,540
- SPONSOR OF ART-UP NATION, A FOUR-DAY EXHIBITION CELEBRATING THE VIBRANCY AND RICHNESS OF CONTEMPORARY ISRAELI ART.Expenses $551,634
- FOSTERING RELATIONSHIPS AND COLLABORATION BETWEEN ISRAELI SOCIAL ENTREPRENEURS AND INTERNATIONAL PARTNERS IN BUSINESS AND TECHNOLOGY.Expenses $146,908
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1723968
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $3,798,747
- Income (IRS master file)
- $11,992,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,772,970 | $8,324,165 | $3,798,747 | IRS |
| 990 | December 2023 | $4,962,645 | $9,112,623 | $431,346 | XML |
| 990 | December 2022 | $10,925,000 | $7,387,619 | $4,591,708 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: JAMES R LEDLEY | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1723968).
Questions about AFSNC INC
- What is the EIN of AFSNC INC?
- The employer identification number (EIN) of AFSNC INC is 46-1723968.
- Is AFSNC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to AFSNC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFSNC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFSNC INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFSNC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFSNC INC?
- The 990 for the year ended December 31, 2024 names MICHELE PACKMAN.
- Who are the officers and directors of AFSNC INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does AFSNC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,772,970, expenses of $8,324,165 and total assets of $3,798,747 at year end.
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