Jack Joseph And Morton Mandel Supporting Foundation
- Assets
- $2.2b
- Revenue
- $142.2m
- Investments
- $1.7b
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/1982
- Data as of
- 06/2019
- EIN
- 34-1350566
Organization Overview
Jack Joseph And Morton Mandel Supporting Foundation is located in Cleveland, OH. The organization was established in 1982. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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.
For the year ending 06/2019, Jack Joseph And Morton Mandel Supporting Foundation generated $142.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $36.9m during the year ending 06/2019. While expenses have increased by 13.1% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
MANDEL SUPPORTING FOUNDATION IS A SUPPORTING FOUNDATION OF THE JEWISH FEDERATION OF CLEVELAND AND AS SUCH, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL OR RELIGIOUS PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE FEDERATION. IT WAS ESTABLISHED TO MEET IDENTIFIED NEEDS OF THE JEWISH AND GENERAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND EXPENSES PAID TO ORGANIZATIONS MADE TO FURTHER CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION)
GRANT PROGRAM DESIGN AND EXECUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee' Chelm Trustee And VP | OfficerTrustee | 0.2 | $0 |
Morton L Mandel Zl Trustee, President | OfficerTrustee | 1.5 | $0 |
Hedy Milgrom Secretary | Officer | 0.7 | $0 |
Barry Reis Treasurer | Officer | 0.7 | $0 |
Nancy Hoffner Asst Treasurer | Officer | 0.7 | $0 |
Penni Weinberg Until 123118 Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,152,308 |
| Investment income | $18,658,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,881,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,242,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,214,440 |
| 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 | $22,797 |
| Fees for services: Accounting | $18,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,759,317 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,708 |
| 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 | $36,864,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,088,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,027,858 |
| 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 | $387,236,634 |
| Investments—other securities | $1,672,299,357 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,154,651,999 |
| Accounts payable and accrued expenses | $3,257,436 |
| Grants payable | $68,145,125 |
| 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 | $6,511,281 |
| Total liabilities | $77,913,842 |
| Net assets without donor restrictions | $2,076,738,157 |
| 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 |
| Total liabilities and net assets/fund balances | $2,076,738,157 |
Grants Awarded
Over the last fiscal year, Jack Joseph And Morton Mandel Supporting Foundation has awarded $6,783,276 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: COMMISSION ON JEWISH CONTINUITY, MANDEL LEADERSHIP EXCELLENCE HRD PROGRAM, CAMPAIGN FOR JEWISH NEEDS AND OPERATING SUPPORT | $4,503,333 |
New York, NY PURPOSE: MANDEL CENTER FOR LEADERSHIP EXCELLENCE PROGRAM CEO ONBOARDING AND THE TEL AVIV FOUNDATION (FOR RENOVATION OF THE AUDITORIUM OF THE JACK, JOSEPH AND MORTON MANDEL CULTURAL CENTER) | $705,976 |
West Palm Beach, FL PURPOSE: ANNUAL CAMPAIGN | $450,000 |
Cleveland, OH PURPOSE: JACK, JOSEPH AND MORTON MANDEL SCHOOL OF APPLIED SOCIAL SCIENCES | $333,334 |
Waltham, MA PURPOSE: JACK, JOSEPH AND MORTON MANDEL CENTER FOR STUDIES IN JEWISH EDUCATION | $333,334 |
Cleveland, OH PURPOSE: OPERATING SUPPORT | $183,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jack Joseph And Morton Mandel Supporting Foundation Cleveland, OH | $2,154,651,999 | $142,242,133 |
The James Family Charitable Trust Jenkintown, PA | $101,614,489 | -$872,164 |
Gift Clearing Trust Indianapolis, IN | $904,727 | $14,534,102 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $618,786 | $10,047,522 |
L Brands Foundation Columbus, OH | $4,029,637 | $10,176,274 |
Siemer Institute Columbus, OH | $11,132,336 | $9,995,271 |
Dayton Foundation Plus Inc Dayton, OH | $68,094,537 | $8,799,441 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $44,760,459 | $7,877,869 |
David And Inez Myers Foundation Cleveland, OH | $207,055,258 | $10,668,700 |
Jcgf Charitable Tr Cincinnati, OH | $653,667 | $4,947,224 |
Katzman Family Support Foundation Bloomfield Hills, MI | $1,146,260 | -$430,022 |
Upic Solutions Inc Fort Mitchell, KY | $1,788,430 | $5,088,818 |