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Nonprofit · EIN 46-3212478

MIGDAL FOUNDATION INC

Tax-exempt · BROOKLYN, NY 11219

Financials

$510K$256K2023$536K$458K2024
Revenue Expenses · by fiscal year end
Financials of MIGDAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$535,925$458,434$77,491$2,123,858$0$2,123,858
December 31, 2023990$510,109$256,350$253,759$2,183,980$137,613$2,046,367
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$500,000
Program service revenue
$0
Investment income
$35,925
Other revenue
$0

Expenses

Grants and similar amounts paid
$285,200
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$140,400
Depreciation
$31,308
Program services (functional)
$456,908
Management and general (functional)
$1,526

Balance sheet and other

Total assets, start of year
$2,183,980
Total assets, end of year
$2,123,858
Total liabilities, end of year
$0
Net assets, end of year
$2,123,858
Land, buildings and equipment
$1,136,901
Net assets without donor restrictions
$2,123,858
Gross receipts
$535,925
Employees
0
Volunteers
3
Year formed
2013
State of legal domicile
NY

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.

NameTitleHours / weekCompensation
CHAIM TORNPRESIDENT
Trustee or director, Officer
0.3$0
JOEL MENDLOVICTREASURER
Trustee or director, Officer
0.3$0
NAFTALI REINERDIRECTOR
Trustee or director
0.3$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
CHAIM TORNPRESIDENT
Trustee or director, Officer
0.3$0
JOEL MENDLOVICTREASURER
Trustee or director, Officer
0.3$0
NAFTALI REINERDIRECTOR
Trustee or director
0.3$0

Address and contacts

Address (IRS master file)
PO BOX 190974, BROOKLYN, NY 11219-0974
Principal officer (990 for 2024)
CHAIM TORN, PO BOX 190974, BROOKLYN, NY 11219
Signed the 990
CHAIM TORN, PRESIDENT
Phone
(718) 854-9300
Return prepared by
ROTH & COMPANY LLP

Mission

MIGDAL FOUNDATION PROVIDES PERSONALIZED CARE AND SUPPORT FOR PARKINSON'S DISEASE PATIENT'S.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING SERVICES AND BENEFITS FOR THE CARE, SUPPORT, COMFORT, AND OTHER ASSISTANCE TO PERSONS WITH DISABILITIES. IN 2023 THE ORGANIZATION OPENED A STATE-OF-THE-ART FACILITY LOCATED IN THE CENTER OF BOROUGH PARK, BROOKLYN, NEW YORK. THE ORGANIZATION PROVIDES PERSONALIZED CARE AND SUPPORT FOR PARKINSON'S DISEASE PATIENTS, WITH A TEAM OF HIGHLY SKILLED PROFESSIONALS, CUTTING-EDGE TECHNOLOGY, AND A COMPREHENSIVE RANGE OF SERVICES.
    Expenses $456,908 · grants $285,200

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-3212478
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)
Human services (P12)
Assets (IRS master file)
$2,123,858
Income (IRS master file)
$535,925

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$535,925$458,434$2,123,858XML
990December 2023$510,109$256,350$2,183,980XML
990December 2022$15,931$76,575$1,792,608IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

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 46-3212478).

Questions about MIGDAL FOUNDATION INC

What is the EIN of MIGDAL FOUNDATION INC?
The employer identification number (EIN) of MIGDAL FOUNDATION INC is 46-3212478.
Is MIGDAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to MIGDAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIGDAL FOUNDATION 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 MIGDAL FOUNDATION 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 MIGDAL FOUNDATION 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 MIGDAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 names CHAIM TORN.
Who are the officers and directors of MIGDAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does MIGDAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $535,925, expenses of $458,434 and total assets of $2,123,858 at year end.

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