Tifereth Israel Synagogue Foundation
- Assets
- $2.1m
- Revenue
- $181.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 39-1891607
Organization Overview
Tifereth Israel Synagogue Foundation is located in Des Moines, IA. The organization was established in 2000. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tifereth Israel Synagogue 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 12/2021, Tifereth Israel Synagogue Foundation generated $181.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $92.6k during the year ending 12/2021. While expenses have increased by 13.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS FOR, OR TO CARRY OUT THE PURPOSES OF TIFERETH ISRAEL SYNAGOGUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS FOR, OR TO CARRY OUT THE PURPOSES OF TIFERETH ISRAEL SYNAGOGUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Marcovis Treasurer | OfficerTrustee | $0 | |
Don Schoen President | OfficerTrustee | $0 | |
Philip Bear Director | Trustee | $0 | |
Shelley Brody Director | Trustee | $0 | |
Harry Bookey Director | Trustee | $0 | |
Jim Marcovis Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,414 |
| Total Program Service Revenue | $0 |
| Investment income | $179,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,994 |
| 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 | $1,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,300 |
| Office expenses | $15 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $92,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,856 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,982,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,126,553 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,126,553 |
| 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 | $2,126,553 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Tifereth Israel Synagogue Foundation has recieved totaling $16,536.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION POMERANO 3 TRANSLATION | $6,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION POMERANO 3 TRANSLATION | $5,426 |
Josh And Susie Kimelman Foundation Des Moines, IA PURPOSE: AID THE SYNAGOGUE AND ITS ROLE IN THE COMMUNITY. | $3,000 |
Pamela Bass-Bookey And Harry Bookey Charitable Foundation Des Moines, IA PURPOSE: GENERAL SUPPORT | $1,000 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $520 |
Judith E & Gary S Rubin Foundation Carbondale, CO PURPOSE: GENERAL OPERATING BUDGET | $500 |
Endowment Analysis
| Beg. Balance | $2,037,824 |
| Earnings | $87,352 |
| Admin Expense | $11,627 |
| Net Contributions | $1,414 |
| Grants | $80,995 |
| Ending Balance | $2,126,553 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Memorial Park Cemetery Assoc Inc Merchds & Serv Tr No Two Waterloo, IA | $48,674,638 | $6,457,146 |
G O Forward Charitable Tr Milwaukee, WI | $77,461,823 | $4,606,970 |
Campus At Ardenwood Inc Chicago, IL | $816,853 | $59,911,304 |
Mni Waste Water Company Eagle Butte, SD | $73,755,121 | $5,916,164 |
Ipers South Loop Market Inc Chicago, IL | $53,039,136 | $3,792,245 |
Airport Center Inc Chicago, IL | $20,160,091 | $924,307 |
Midwest Multistate Division Service Corporation Jefferson City, MO | $246,700 | $825,297 |
Theta Chi Fraternity University Of Missouri Iota Mu Chapter Columbia, MO | $63,212 | $730,564 |
Rna Real Estate Holdings Inc Rock Island, IL | $1,320,000 | $138,000 |
Columbus Building Assoc Ottawa, IL | $898,782 | $182,700 |
Oscar B Smith Estate Chicago, IL | $4,666,151 | $386,092 |
Cedar Memorial Park Cemetery Chapel Of Memories Permanent Care Trust Waterloo, IA | $1,812,622 | $52,891 |