Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Return Reference | Explanation |
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| Schedule E, Line 3 | BIU'S NONDISCRIMINATORY POLICY IS PUBLISHED IN MOST OF THE UNIVERSITY's COMMUNICATIONS TO THE PUBLIC, INCLUDING IN BROCHURES, IN NEWSPAPER ARTICLES, ON ITS WEBSITE, AND IN ITS ADMISSION APPLICATION. |
| Schedule E, Line 6a | THE UNIVERSITY RECEIVES THE overwhelming BULK OF ITS PUBLIC SUPPORT FROM THE COUNCIL FOR HIGHER EDUCATION. THE COUNCIL FOR HIGHER EDUCATION FUNDS VARIOUS UNIVERSITIES AND PROVIDES SPECIFIC FUNDING FOR BASIC RESEARCH. |
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Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part IV, Line 4 & Schedule C | BIU does conduct lobbying, but it does so outside the United States. BIU undertakes no lobbying activities in the United States and, as such, the organization is taking the position that it does not lobby for U.S. purposes (and can, thus, answer Part IV, Line 4 NO and dispense with filing Schedule C). Form 990, Part I, Line 5 & Part V, Line 2a BIU has 7,108 employees. Since these employees are not U.S. residents, they do not receive a Form w-2. Part V, Line 2a and Part I, Line 5 require the organization to report its U.S. employees (as reported on Form W-3). None of the salaries paid to BIU employees are reported on a U.S. W-2. |
| Form 990, Part IV, Lines 28(a)-(c) | BIU does not believe that it has any conflicts of interest that need to be reported on Schedule L of the Form 990; however, in the interests of clarity, the organization wishes to disclose that several Board Members have relationships with entities upon which the individual may also sit as a Board Member. BIU maintains that these relationships are incidental and the amounts remit between the organizations do not rise to the reporting thresholds required by Schedule L. Alternatively, to the extent that there are any contractual relationships with organizations that Board Members may be involved with, all such contracts are negotiated at arm's length and at market rates (and done in the ordinary course of business). |
| Form 990, Part VI, Line 2 | The BIU board contains approximately 108 voting members, most of whom reside outside the United States. These board members may have family or business relationships. Additional information is available upon request. |
| Form 990, Part VI, Line 9 | Bar-Ilan University in Israel, Inc. has a United States mailing address; however, the majority of BIU's Board members are not U.S. citizens and reside outside the United States (either in Israel or in other foreign countries). Nevertheless, any officer, director, trustee or key employee listed on the Form 990 can be reached at Bar-Ilan University in Israel, Inc.'s United States mailing address. |
| Form 990, Part VI, Line 11 | The Form 990 was prepared by an independent accounting firm in the United States, with information provided by the BIU Finance Department in Ramat-Gan, Israel. The rules governing tax-exempt organizations in Israel are different than those used in the United States; accordingly, the BIU Finance department used its best efforts to comply with the requirements instituted by the Internal Revenue Service. The financial information pertaining to BIU is derived from audited financial statements prepared by the accounting firm of Kesselman and Kesselman in Tel Aviv, Israel in a format that is not customary for United States tax-exempt organizations. THE FORM 990 WAS NOT PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE BECAUSE THE BOARD WAS ON RECESS AFTER THE SCHOOL YEAR HAS CLOSED. THE FULL 990 WAS SHARED WITH THE BOARD FOLLOWING GITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. |
| Form 990, Part VI, Line 12 | All University officers, directors and key employees are required to abide by a conflict of interest policy that governs their daily activities and all financial transactions/relationships with the University. BIU's Comptroller reviews potential conflict and will seek remediation, if necessary. |
| Form 990, Part VI, Line 15 | Bar-Ilan University in Israel, Inc. has one class of officers that is reported on Part VII and Schedule J of the Form 990, and they are compensated according to strict ISRAELI government guidelines. None of these officers are U.S. residents and, therefore, are not subject to United States employment tax rules. Since compensation is established pursuant to government regulations, no officer has any input or discretionary authority with respect to the compensation granted to the individuals governing BIU. BIU is a unique organization from a United States tax perspective in that its operations are wholly in Israel and it is governed by Israeli law. THe U.S. concept of rebuttable presumption of reasonableness is not an abiding concern because all compensation is established pursuant to government regulations. |
| Form 990, Part VI, Line 19 | The taxpayer makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part VII, Board Composition The Board of Trustees is the highest institution of the organization. Among its duties is to outline the financial policy of the University and its goals, approve its budgets, oversee its management, goal reaching and advancement. THe Board of Trustees consists of 108 members that may vote on University matters. Those individuals reported as honorary trustees do not have voting powers. The University has a Council consisting of 14 elected founders and three other founders who serve ex officio. The Council's role is to oversee the spiritual management of the University. Finally, the University has a Council of Trustees consisting of 30 public figures from among the members of the Board of Trustees that performs some of the functions of the Board in the interim periods between general meetings. The Universitys Form 990 only lists two of the five required highly compensated employees because the information necessary for reporting compensated staff was not available at the time the Form 990 was prepared due to the closure of the Universitys campus as a consequence of the COVID-19 epidemic. |
| Form 990, Part VIII, Line 3 | Since BIU's investment portfolio is held outside the United States, a detailed schedule of investment gains is unavailable. The University's audited financial statements report the following mix of investment gains and losses: Appreciation of Securities 8,498,093 Interest Income 167,264 Currency Exchange (899,905) Bank Expenses 118,605 Financing gains (1,102,004) Stabilizing Gains (184,681) Interest income from loan to subsidiary 6,912 ----------------------------------------------------- Total Inv. Gains (Israel) $6,604,282 To the extent any of this investment gain represents a capital gain, it has been reported on Line 3 instead of Line 7. Form 990, Part VIII, Line 11(a) The audited financial statements of BIU are not presented according to US GAAP; accordingly, the classifications of revenue streams are not consistent with U.S. presentation. Miscellaneous income reported on Line 11 represents revenues from a diverse variety of activities undertaken by BIU (e.g. real property rental income); additional detail is available upon request. All of these activities are either related to the University's exempt mission or otherwise excludible as activities that are provided for the convenience of the University's students, faculty and/or visitors. |
| Form 990, Part IX | The functional expense classification on Part IX of the Form 990 is broadly representative of the allocation of program service expenses as reported in the Israel financial statements. Unlike most U.S. financial statements, the Israeli financial statements do not allocate expenses between administrative (overhead) expenses and those expenses used in day-to-day programs. BIU has allocated the expenses consistent with the presentation in previous Forms 990. BIU broadly identifies fundraising expenditures in its annual audited financial statements; however, the organization does not specifically track or identify those expenses in its audited financial statements. These amounts have been classified in the aggregate on Line 24(e). Form 990, Part IX, Line 21 Amounts reported on Line 21 represent payments made by the University to the American Friends of Bar-Ilan University, Inc. pursuant to contractual agreement between the parties. THe University pays $4.7 million for fund-raising services provided by the American Friends of Bar-Ilan University, Inc. |
| Form 990, Part XI, Line 9 | The Form 990 is presented based on audited financial statements prepared in accordance with the auditing standards generally accepted in Israel, including those prescribed by the Israeli Auditors (mode of performance) regulations (1973). In addition, the financial statements are prepared based on the accounting and reporting guidelines by higher education institutions in Israel as set by the Planning and Budgeting Committee of the Israel Higher Education Council. These accounting standards vary greatly from United States Generally Accepted Accounting Principles; accordingly, the presentation of financial data in the 990 may not conform to a 990 reader's customary expectations. Unrealized Gains, Currency Fluctuations and other Adjustments between Audited Financial Statement and Form 990: Payments from Affiliates $ (12,295,080) Donations Designated to Close Budget $ 439,032 Other Comprehensive Loss - Remeasurement of $ (5,273,559) Net Liability due to Termination of Employment Relationship Payments to Affiliates $ 4,700,000 Fundraising Fee $ (3,944,023) ForeignCurency Exchange Difference $ 1,767,882 ---------------------------------------------------------------- Total $ (14,605,747) |
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