Memorial Foundation For Jewish Culture Inc
- Assets
- $24.0m
- Revenue
- $1.9m
- Investments
- $4.2m
- Employees
- 4
- Location
- New York, NY
- Founding
- 04/1967
- Data as of
- 09/2021
- EIN
- 13-6209691
Organization Overview
Memorial Foundation For Jewish Culture Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 09/2021, Memorial Foundation For Jewish Culture Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Foundation For Jewish Culture Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Memorial Foundation For Jewish Culture Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.5m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MFJCS PURPOSE IS THE DEVELOPMENT OF THE SOCIAL CAPITAL OF THE JEWISH PEOPLE, ITS COMMUNAL, CULTURAL, AND PROFESSIONAL LEADERSHIP, AND THE FOSTERING OF JEWISH CONNECTEDNESS GLOBALLY, INCLUDING THE PROPAGATION OF THE HEBREW LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAHUM GOLDMANN FELLOWSHIP IS A SPECIAL PROGRAM AIMED AT NURTURING A NEW GENERATION OF JEWISH COMMUNAL LEADERSHIP ACROSS THE WORLD. THE PROGRAM PROVIDES AN INTENSIVE EXPERIENCE OF JEWISH LEARNING, LIVING AND LEADERSHIP FOR YOUNG MEN AND WOMEN FROM AROUND THE WORLD BETWEEN THE AGES OF 25-40 WHO SHOW SERIOUS INTEREST IN JEWISH CULTURE AND DEMONSTRATE A POTENTIAL FOR INDIVIDUAL GROWTH AND COMMUNAL LEADERSHIP.DOCTORAL SCHOLARSHIP PROGRAM: AWARDED WITH THE ASSISTANCE OF SCHOLARLY BODIES TO HELP INDIVIDUALS TRAIN FOR CAREERS IN JEWISH SCHOLARSHIP AND RESEARCH IN THE JEWISH COMMUNITY. THE ORGANIZATION HAS AWARDED APPROXIMATELY 15 GRANTS FOR THE YEAR ENDING 9/30/21.FELLOWSHIP PROGRAM: AWARDED TO INDIVIDUALS WITH THE ASSISTANCE OF SCHOLARLY BODIES TO ENABLE THEM TO PURSUE INDEPENDENT WORK IN JEWISH CULTURE AND SCHOLARSHIP BROADLY DEFINED. THE ORGANIZATION HAS AWARDED APPROXIMATELY 28 GRANTS FOR THE YEAR ENDING 9/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Friedman Executive Dir. | OfficerTrustee | 40 | $198,791 |
Harvey Blitz Vice President | OfficerTrustee | 1 | $0 |
Michael Furst Vice President | OfficerTrustee | 1 | $0 |
Fernando Lottenberg Treasurer | OfficerTrustee | 1 | $0 |
Marlene Bethlehem President | OfficerTrustee | 1 | $0 |
Jonathan Arkush Chair Exec Com | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,666 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,177 |
| Total Program Service Revenue | $0 |
| Investment income | $273,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,255,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,873,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $102,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $207,250 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $261,901 |
| Compensation of current officers, directors, key employees. | $20,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,758 |
| Pension plan accruals and contributions | $23,888 |
| Other employee benefits | $63,949 |
| Payroll taxes | $30,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,000 |
| Fees for services: Investment Management | $138,139 |
| Fees for services: Other | $140,808 |
| Advertising and promotion | $0 |
| Office expenses | $5,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,110 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,646 |
| Insurance | $17,521 |
| All other expenses | $2,000 |
| Total functional expenses | $1,502,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,756 |
| Savings and temporary cash investments | $263,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,653 |
| Net Land, buildings, and equipment | $2,314 |
| Investments—publicly traded securities | $18,981,847 |
| Investments—other securities | $4,192,180 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,460 |
| Total assets | $23,990,436 |
| Accounts payable and accrued expenses | $110,302 |
| Grants payable | $110,750 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,448 |
| Total liabilities | $235,500 |
| Net assets without donor restrictions | $23,754,936 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,990,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Foundation For Jewish Culture Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gary Aidekman Family Foundation Inc Chatham, NJ PURPOSE: CHARITABLE PURPOSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |