Nonprofits/Organizations/13-4091263
Active
501(c)(3)
T30 · Philanthropy, Voluntarism & Grantmaking
Form 990

The Bunim Fund

EIN 13-4091263NEW YORK, NY 100221302Founded 1999WebsiteIRS Tax Year 2023 · Period ending June 30, 2024
Mission Statement

SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.

IRS Tax Year 2023

Period ending June 30, 2024

Tax year 2024 filing not yet available. This is the most recent filing on record.

Total Revenue

$10K

-97.8%YoY

Total Expenses

$48K

+19.8%YoY

Net Assets

$1.2M

+14.1%YoY

Employees

0

Grants Paid

$47K

Program Expense Ratio

99.4%

This nonprofit profile presents IRS Form 990 tax filing data for The Bunim Fund (EIN: 13-4091263), based on the 2023 tax year annual return filed with the Internal Revenue Service.

Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2023

Financial Health

Revenue declined -97.8% to $10K
Program spending ratio of 99.4% — excellent
298.1 months of operating reserves — strong cushion
Expenses increased +19.8% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
5-member board, 3 independent

Compensation

Top compensation: $390,528 (TRUSTEE)
Top exec pay is 820.4% of total expenses — elevated
Schedule J filed for 2 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
99.4% of spending goes to programs
No programs generate independent revenue
$47K in grants paid to other organizations

Financial Stability

Debt-to-asset ratio of 0.0% — low leverage
0.7 months cash runway — tight liquidity
Revenue diversification: concentrated in few sources
Net assets trending upward over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
Family or business relationships among officers/directors

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

The Bunim Fund is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 1999. It is classified under NTEE code T30 (Public Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2000. In its 2023 filing, the organization reported $10K in total revenue, a 97.8% decrease from the prior year, and $48K in total expenses. WILLIAM D SAMERS, TRUSTEE, is the highest-compensated individual at $390,528. The organization runs 1 program, totaling $47K in program expenses. 5 of 6 recommended governance policies are in place.

The Bunim Fund is classified under NTEE code T30 (Public Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.

Programs(Tax Year 2023)

1 record

Programs Overview

The Bunim Fund operates 1 program, with total program expenses of $47K. The Bunim Fund's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $47,300

GRANTS ARE MADE TO UJA-FEDERATION, AND OTHER TAX EXEMPT ORGANIZATIONS IN FURTHERANCE OF UJA-FEDERATION OF NEW YORK'S CHARITABLE PURPOSES.

Financial Overview(Tax Years 2020–2023)

4 records

Financial Highlights

Over the past 4 years, The Bunim Fund's revenue has declined from $20K to $10K, a 51.1% decrease. Program expenses represent 99% of total spending.

Revenue decreased 97.8% year-over-year, while expenses grew 19.8%. net assets rose to $1.2M, up 14.1% from the prior year.

The Bunim Fund derives 100% from investment income.

The Bunim Fund allocates 99% to programs, 1% to management and general.

Revenue declined by 97.8% and expenses grew by 19.8% year over year.

The Bunim Fund distributed $47K in grants to other organizations and individuals, representing 99% of total expenses.

Over 4 filings from 2020–2023, The Bunim Fund declined revenue from $20K to $10K (-51.1%) while maintaining a program expense ratio of 99%.

The Bunim Fund holds $1.2M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 298.1 months of operating reserves. Cash and equivalents of $3K cover approximately 0.7 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2023$10K$0$0$0$10K
2022$450K$0$0$0$450K
2021$12K$0$0$0$12K
2020$20K$0$0$0$20K

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2023$48K$47K$300$0$47K
2022$40K$40K$125$0$40K
2021$56K$56K$167$0$56K
2020$40K$40K$257$0$40K

Program Expense Ratio

99.4%

Admin Expense Ratio

0.6%

Fundraising Efficiency

Operating Reserve

298.1 mo

People & Compensation(Tax Year 2023)

5 records

Compensation Summary

The Bunim Fund reported compensation for 5 officers and key employees. Total officer compensation was $631K, representing 1324.7% of total expenses.

The Bunim Fund's highest-compensated individual received $391K in total compensation. Total officer compensation of $631K represents 1324.7% of total expenses.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
WILLIAM D SAMERSTRUSTEE
Director
1.00$0$321,484$390,528
STANLEY BAUMBLATTSECRETARY/TREASURER/TRUSTE
OfficerDirector
1.00$0$193,560$240,020
ALAN A NADELPRESIDENT/TRUSTEE
OfficerDirector
$0$0$0
LAWRENCE GOTTLIEBTRUSTEE
Director
$0$0$0
SHIRA NADELTRUSTEE
Director
$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

STANLEY BAUMBLATT

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

WILLIAM D SAMERS

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Governance & Compliance(Tax Year 2023)

Governance Snapshot

The Bunim Fund has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 3 of whom are independent.

The Bunim Fund's financial statements are audited, an audit committee oversees the process.

The Bunim Fund has family or business relationships among officers, directors, or key employees.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members5
Independent members3

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2023)

1 record

Grantmaking Summary

The Bunim Fund awarded $32K across 1 grant to organizations. Top recipients include UJA-FEDERATION OF NEW YORK (NEW YORK, NY) — $32K for grant to supported organization.

Organization Grants

RecipientLocationAmountPurpose
UJA-FEDERATION OF NEW YORK510172429NEW YORK, NY$32KGRANT TO SUPPORTED ORGANIZATION

Filing History(Tax Years 2000–2023)

4 records

Showing the 4 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2023
990
2023-07-01 – 2024-06-30$10K$48K$1.2M
2022
990
2022-07-01 – 2023-06-30$450K$40K$1.0M
2021
990
2021-07-01 – 2022-06-30$12K$56K$853K
2020
990
2020-07-01 – 2021-06-30$20K$40K$937K
2000–2019No filings acquired yet

Frequently Asked Questions

What does The Bunim Fund do?

SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.

How much revenue does The Bunim Fund have?

The Bunim Fund reported $9,915 in total revenue for tax year 2023, down 97.8% from the prior year.

Who is the highest-paid executive at The Bunim Fund?

WILLIAM D SAMERS, TRUSTEE, received $390,528 in total compensation as of tax year 2023.

Is The Bunim Fund a 501(c)(3)?

Yes, The Bunim Fund is classified as a 501(c)(3) tax-exempt organization.

Where is The Bunim Fund located?

The Bunim Fund is headquartered in NEW YORK, NY 100221302.

What type of nonprofit is The Bunim Fund?

The Bunim Fund is classified under NTEE code T30 (Public Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.

Is The Bunim Fund audited?

Yes, The Bunim Fund's financial statements are audited, and the organization has an audit committee.

Does The Bunim Fund give grants?

Yes, The Bunim Fund distributed $47,300 in grants to other organizations and individuals in tax year 2023. Top recipients include UJA-FEDERATION OF NEW YORK.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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