Adath Israel Capital Fund

Lawrence Township, NJ

Mission

The Adath Israel Capital Fund serves exclusively to assist Adath Israel Congregation of Lawrenceville, NJ in meeting its financial needs related to the physical plant and buildings. This is done using income from investments following an investment policy and guided by Trust Document. The Adath Israel Capital Fund maintains no employees or contractors and strives to avoid all expenses in order to maximize its benefit. Since the Trust-mandated floor for disbursements was reached, the Adath Israel Capital Fund has contributed more than $200,000 to Adath Israel Congregation.

Ruling year info

1984

Principal Officer

David Shaw

Main address

1958 Lawrence Rd

Lawrence Township, NJ 08648 United States

EIN

22-2401420

NTEE code info

Fund Raising Organizations That Cross Categories includes Community Funds/Trusts and Federated Giving Programs) e.g. United Way (T70)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Provided a grant of $20,750 to Adath Israel Congregation to cover various repairs needed to maintain its buildings.

Expenses
$20,750
Revenue
$0

The Adath Israel Capital Fund maintained a line of credit of $105,000 to Adath Israel Congregation that could be drawn on by Adath Israel Congregation to address a short-term cash shortfall. Adath Israel Congregation repaid $70,000 that had been drawn from the line of credit in November 2020, and then drew $50,000 in June 2021.

Expenses
$0
Revenue
$0

Where we work

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Financials

Adath Israel Capital Fund
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Operations

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This organization has no recorded board members.