Jewish Federation Foundation Inc
- Assets
- $18.1m
- Revenue
- $1.2m
- Investments
- $16.8m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 10/1995
- Data as of
- 06/2019
- EIN
- 23-7397882
Organization Overview
Jewish Federation Foundation Inc is located in Long Beach, CA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Federation Foundation 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 06/2019, Jewish Federation Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jewish Federation Foundation Inc has awarded 96 individual grants totaling $3,807,433. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE JEWISH COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS, THROUGH GRANTS, OTHER ORGANIZATIONS THAT BENEFIT THE JEWISH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edie Brodsky Vice President | OfficerTrustee | 3 | $0 |
Rick Freeman Immediate Past President | OfficerTrustee | 3 | $0 |
Shari Nemirow Treasurer | OfficerTrustee | 3 | $0 |
Jan Stein President | OfficerTrustee | 3 | $0 |
Deborah K Goldfarb Chief Executive Officer | Officer | 3 | $0 |
Nicole Honigman Board Member - Legacy Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,101 |
| Investment income | $1,011,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201,809 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,187,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $751 |
| Advertising and promotion | $0 |
| Office expenses | $691 |
| Information technology | $7,500 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,037,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,351 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,827,885 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,225,596 |
| Total assets | $18,142,090 |
| Accounts payable and accrued expenses | $1,169 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,432,283 |
| 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 | $1,098,299 |
| Total liabilities | $5,531,751 |
| Net assets without donor restrictions | $1,472,255 |
| Net assets with donor restrictions | $3,574,191 |
| Capital stock or trust principal, or current funds | $7,563,893 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $12,610,339 |
Grants Awarded
Over the last fiscal year, Jewish Federation Foundation Inc has awarded $625,130 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Long Beach, CA PURPOSE: SUPPORT JEWISH COMMUNITY ACTIVITIES | $442,498 |
ALPERT JEWISH COMMUNITY CENTER PURPOSE: SUPPORT JEWISH COMMUNITY ACTIVITIES | $33,096 |
Long Beach, CA PURPOSE: SUPPORT JEWISH RELIGIOUS PROGRAMS | $31,216 |
Long Beach, CA PURPOSE: SUPPORT CULTURAL ARTS PROGRAMS | $20,755 |
Boston, MA PURPOSE: SUPPORT PROGRAMS INTENDED TO INSPIRE STUDENTS | $15,000 |
Long Beach, CA PURPOSE: SUPPORT THEATRICAL ARTS | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Federation Foundation Inc has recieved totaling $33,500.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Greater Long Beach And West Orange County Long Beach, CA PURPOSE: SUPPORT JEWISH PROGRAMS IN LONG BEACH | $33,500 |
Endowment Analysis
| Beg. Balance | $8,624,999 |
| Earnings | $493,443 |
| Net Contributions | $57,307 |
| Other Expense | $392,055 |
| Ending Balance | $8,783,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |