Jewish Community Foundation Of Greater Metrowest Nj
- Assets
- $441.6m
- Revenue
- $46.0m
- Investments
- $124.2m
- Employees
- 0
- Location
- Whippany, NJ
- Founding
- 07/1955
- Data as of
- 06/2021
- EIN
- 22-1714130
Organization Overview
Jewish Community Foundation Of Greater Metrowest Nj is located in Whippany, NJ. The organization was established in 1955. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Community Foundation Of Greater Metrowest NJ 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 06/2021, Jewish Community Foundation Of Greater Metrowest NJ generated $46.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $35.8m during the year ending 06/2021. While expenses have increased by 7.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jewish Community Foundation Of Greater Metrowest NJ has awarded 2,106 individual grants totaling $214,117,311. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
JEWISH COMMUNITY FOUNDATION (JCF) ENSURES THE FUTURE OF THE JEWISH FEDERATION OF GREATER METROWEST NJ THROUGH EFFECTIVE ENDOWMENT MANAGEMENT, PERSONALIZED PLANNED GIVING STRATEGIES AND GRANT-MAKING.
Describe the Organization's Program Activity:
ENDOWMENT FUNDS PROVIDE A CRITICAL BASE OF SUPPORT, SERVING THE JEWISH FEDERATION OF GREATER METROWEST, NJ, AND OUR PARTNER AGENCIES AS THEY STRIVE TO MEET PRESSING NEEDS LOCALLY, IN ISRAEL AND AROUND THE WORLD. IN ADDITION, JCF HAS BEEN THE FOCUS OF NEW AND INNOVATIVE COMMUNITY DEVELOPMENT AND PROGRAMMATIC INITIATIVES. WE HOUSE A PLANNED GIFT AND ENDOWMENT DEVELOPMENT DEPARTMENT STAFFED BY GIFT PLANNING PROFESSIONALS WHO ARE PREPARED TO ASSIST DONORS AND THEIR FAMILIES WITH ALL ASPECTS OF CHARITABLE GIFT PLAN DESIGN AND IMPLEMENTATION. JCF MANAGES THE ADMINISTRATION OF DONOR ADVISED FUNDS AND SUPPORTING FOUNDATIONS, WORKING CLOSELY WITH DONORS AND THEIR FAMILIES IN HELPING THEM ACHIEVE THEIR PHILANTHROPIC GOALS. THE FOUNDATION TAKES RESPONSIBILITY FOR ALL ASPECTS OF MANAGING THESE FUNDS, ENABLING OUR DONORS TO FOCUS ON THEIR CHARITABLE GIVING. THERE ARE CURRENTLY 335 DONOR ADVISED FUNDS THAT DISTRIBUTED A TOTAL OF $22,420,353 TO 1,451 CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dov Ben-Shimon Exec Vp/ceo, Secretary | OfficerTrustee | 9 | $0 |
Howard Rabner Cfo, Assistant Treasurer | OfficerTrustee | 12 | $0 |
Kim Hirsh Executive Director, Assistant Secretary | OfficerTrustee | 35 | $0 |
Steven D Levy President, Trustee | OfficerTrustee | 1 | $0 |
Gary Botwinick Vice President, Trustee | OfficerTrustee | 1 | $0 |
Jody Hurwitz Caplan Vice President, Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz And Assoc Investment Consultant | 6/29/21 | $212,826 |
Van Berkom And Assoc Asset Manager | 6/29/21 | $208,658 |
Fiduciary Technology Partners Software Sub-fund Acctg | 6/29/21 | $240,207 |
Edgewood Management Llc Investment Management | 6/29/21 | $148,250 |
Fiduciary Trust International Investment Management | 6/29/21 | $137,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,266,105 |
| Noncash contributions included in lines 1a–1f | $8,316,458 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,366,105 |
| Total Program Service Revenue | $858,710 |
| Investment income | $8,660,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,222 |
| Net Gain/Loss on Asset Sales | $14,773,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,022,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,524,638 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,703,001 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $337,083 |
| Compensation of current officers, directors, key employees. | $155,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,285,314 |
| Pension plan accruals and contributions | $35,275 |
| Other employee benefits | $136,689 |
| Payroll taxes | $113,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,748 |
| Fees for services: Accounting | $69,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,553,426 |
| Fees for services: Other | $33,224 |
| Advertising and promotion | $29,158 |
| Office expenses | $725,598 |
| Information technology | $289,779 |
| Royalties | $0 |
| Occupancy | $77,467 |
| Travel | $2,405 |
| 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 | $739,022 |
| Insurance | $9,641 |
| All other expenses | $0 |
| Total functional expenses | $35,766,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,349 |
| Savings and temporary cash investments | $2,679,767 |
| Pledges and grants receivable | $63,332 |
| Accounts receivable, net | $1,366,689 |
| 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 | $26,752 |
| Net Land, buildings, and equipment | $3,276,355 |
| Investments—publicly traded securities | $302,130,510 |
| Investments—other securities | $124,201,429 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,655,941 |
| Total assets | $441,552,124 |
| Accounts payable and accrued expenses | $714,003 |
| Grants payable | $1,647,560 |
| Deferred revenue | $1,300,991 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $150,997,817 |
| 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 | $1,382,401 |
| Total liabilities | $156,042,772 |
| Net assets without donor restrictions | $229,820,420 |
| Net assets with donor restrictions | $55,688,932 |
| 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 | $441,552,124 |
Grants Awarded
Over the last fiscal year, Jewish Community Foundation Of Greater Metrowest Nj has awarded $29,372,683 in support to 319 organizations.
| Grant Recipient | Amount |
|---|---|
Whippany, NJ PURPOSE: General Charitable Purposes | $11,455,488 |
Hudson, OH PURPOSE: General Charitable Purposes | $4,316,534 |
New York, NY PURPOSE: General Charitable Purposes | $2,000,000 |
Boston, MA PURPOSE: General Charitable Purposes | $847,543 |
CONGREGATION AGUDATH ISRAEL PURPOSE: General Charitable Purposes | $708,569 |
CENTRAL CONFERENCE OF AMERICAN RABBIS PURPOSE: General Charitable Purposes | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Community Foundation Of Greater Metrowest Nj has recieved totaling $44,569.
| Awarding Organization | Amount |
|---|---|
Meredith E Drench Charitable Tr Newburyport, MA PURPOSE: EDUCATION | $44,569 |
Endowment Analysis
| Beg. Balance | $4,211,942 |
| Earnings | $1,119,439 |
| Net Contributions | $588,591 |
| Grants | $196,903 |
| Ending Balance | $5,723,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The City Of New York Inc New York, NY | $176,700,276 | $126,437,231 |
Community Foundation Of New Jersey Morristown, NJ | $853,045,584 | $257,903,592 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Delaware Community Foundation Wilmington, DE | $375,445,649 | $92,895,086 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |