Foundation For The Charlotte Jewish Community
- Assets
- $211.4m
- Revenue
- $25.7m
- Investments
- $201.6m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 31-1501858
Organization Overview
Foundation For The Charlotte Jewish Community is located in Charlotte, NC. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Charlotte Jewish Community 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 12/2021, Foundation For The Charlotte Jewish Community generated $25.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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 2019, Foundation For The Charlotte Jewish Community has awarded 163 individual grants totaling $28,363,145. 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
THE ADMINISTRATION AND MAINTENANCE OF EXISTING ENDOWMENTS TO SUPPORT THE FUTURE OF CHARLOTTE'S JEWISH COMMUNITY AND ASSISTANCE IN THE DEVELOPMENT OF NEW ENDOWMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
EDUCATION: DISBURSED GRANTS IN SUPPORT OF EDUCATIONAL INSTITUTIONS AND INTIATIVES.
RELIGION: DISBURSED GRANTS TO ORGANIZATIONS DEDICATED TO SUPPORTING THE JEWISH COMMUNITY AND FURTHERING THE QUALITY OF JEWISH LIFE IN THE CHARLOTTE REGION.
HEALTH CARE: DISBURSED GRANTS IN SUPPORT OF HEALTH CARE INSTITUTIONS AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cantor Treasurer | OfficerTrustee | 0.3 | $0 |
Ira Slomka Vice Chair | OfficerTrustee | 0.3 | $0 |
Michael Marsicano Vice President | OfficerTrustee | 0.3 | $0 |
Holly Levinson Secretary | OfficerTrustee | 0.3 | $0 |
Fred Dumas Immediate Past Chair | OfficerTrustee | 0.3 | $0 |
Stephen Philipson Chair | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,545,547 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,838,051 |
| Noncash contributions included in lines 1a–1f | $2,621,913 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,383,598 |
| Total Program Service Revenue | $743,674 |
| Investment income | $411,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,124,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,663,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,799,900 |
| 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 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 | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $551,259 |
| Fees for services: Other | $1,086,796 |
| Advertising and promotion | $9,007 |
| Office expenses | $13 |
| Information technology | $0 |
| 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 | $180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,266 |
| Total functional expenses | $10,717,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,240,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,539,845 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $201,563,677 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,858 |
| Total assets | $211,438,737 |
| Accounts payable and accrued expenses | $3,209 |
| Grants payable | $3,515,000 |
| 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 | $0 |
| Total liabilities | $3,518,209 |
| Net assets without donor restrictions | $157,983,052 |
| Net assets with donor restrictions | $49,937,476 |
| 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 | $211,438,737 |
Grants Awarded
Over the last fiscal year, Foundation For The Charlotte Jewish Community has awarded $7,076,558 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: CHARITABLE GIFT | $823,472 |
Charlotte, NC PURPOSE: CHARITABLE GIFT | $821,000 |
Charlotte, NC PURPOSE: CHARITABLE GIFT | $797,380 |
Charlotte, NC PURPOSE: CHARITABLE GIFT | $500,000 |
Boone, NC PURPOSE: CHARITABLE GIFT | $500,000 |
Charlotte, NC PURPOSE: CHARITABLE GIFT | $465,280 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For The Charlotte Jewish Community has recieved totaling $1,013,525.
| Awarding Organization | Amount |
|---|---|
Todd And Stacy Gorelick Foundation Charlotte, NC PURPOSE: TO PROVIDE SUPPORT FOR THE JEWISH COMMUNITY AND STRENGTHEN THE QUALITY OF JEWISH RELIGION, LIFE, AND CULTURE | $1,013,225 |
The Marc And Mattye Silverman Family Foundation Charlotte, NC PURPOSE: JEWISH | $300 |
Endowment Analysis
| Beg. Balance | $41,623,223 |
| Earnings | $5,336,079 |
| Admin Expense | $388,676 |
| Net Contributions | $2,010,741 |
| Other Expense | $2,415 |
| Grants | $1,379,840 |
| Ending Balance | $47,199,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For The Charlotte Jewish Community Charlotte, NC | $211,438,737 | $25,663,220 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Heart For Africa Inc Roswell, GA | $1,675,421 | $4,060,144 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $31,152,603 | $274,998 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Covenant Community Inc Atlanta, GA | $1,600,874 | $1,029,941 |
The Jerusalem Connection Richmond, VA | $1,897,803 | $589,284 |
Hope For The World Foundation Inc Spring Hill, TN | $130,711 | $613,253 |
International Pentecostal Holiness Foundation Inc Fayetteville, NC | $17,419,729 | $720,271 |