Jack Joseph And Morton Mandel Foundation
- Assets
- $2.6b
- Revenue
- $143.0m
- Investments
- $2.6b
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1965
- Data as of
- 12/2022
- EIN
- 34-6546418
Organization Overview
Jack Joseph And Morton Mandel Foundation is located in Cleveland, OH. The organization was established in 1965. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jack Joseph And Morton Mandel Foundation 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 12/2022, Jack Joseph And Morton Mandel Foundation generated $143.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $269.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jack Joseph And Morton Mandel Foundation has awarded 854 individual grants totaling $730,062,659. 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
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley S Smith Assistant Secretary | 1 | $0 | |
Mark A Madeja Coo, Treasurer & Secretary | 20 | $0 | |
Stephen H Hoffman Chairman | 5 | $600,000 | |
Jehuda Reinharz CEO & President | 40 | $1,100,000 | |
Mala Garg Trustee | 1 | $0 | |
Randall J Korach Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkwood Trust Company | 12/30/22 | $10,457,677 |
Michael R White | 12/30/22 | $219,268 |
Daniel Pekarsky | 12/30/22 | $207,817 |
One Harvard Street Llc | 12/30/22 | $133,899 |
Miriam Beth Raider-roth | 12/30/22 | $110,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,017,346 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,037,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,698,515 |
| Capital Gain Net Income | $33,698,515 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,242,240 |
| Total Revenue | $142,995,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,700,000 |
| Other employee salaries and wages | $1,653,883 |
| Pension plans, employee benefits | $275,064 |
| Interest | $4,148,255 |
| Taxes | $19,420,400 |
| Depreciation | $98,288 |
| Occupancy | $315,679 |
| Travel, conferences, and meetings | $1,565,829 |
| Printing and publications | $173,013 |
| Other expenses | $37,921,183 |
| Total operating and administrative expenses | $69,319,296 |
| Contributions, gifts, grants paid | $199,846,052 |
| Total expenses and disbursements | $269,165,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,725,725 |
| Net Accounts receivable | $77,361 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,639 |
| Net Investments - land, buildings, equipment | $691,657 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,624,605,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,667,454 |
| Total assets | $2,631,804,079 |
| Accounts payable and accrued expenses | $358,464 |
| Grants payable | $124,528,305 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,521,672 |
| Total liabilities | $128,408,441 |
Grants Awarded
Over the last fiscal year, Jack Joseph And Morton Mandel Foundation has awarded $199,846,052 in support to 265 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF ARTS & SCIENCES PURPOSE: PROJECT SUPPORT | $158,500 |
AMERICAN ACADEMY OF ARTS & SCIENCES PURPOSE: PROJECT SUPPORT | $250,000 |
AMERICAN ACADEMY OF ARTS & SCIENCES PURPOSE: PROJECT SUPPORT | $106,213 |
AMERICAN ACADEMY OF ARTS & SCIENCES PURPOSE: PROJECT SUPPORT | $283,892 |
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF S PURPOSE: PROGRAM SUPPORT | $406,087 |
AMERICAN FRIENDS OF LEKET ISRAEL INC PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |