Richmond Jewish Foundation
- Assets
- $52.3m
- Revenue
- $3.7m
- Investments
- $8.5m
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 09/1992
- Data as of
- 06/2021
- EIN
- 54-1623966
Organization Overview
Richmond Jewish Foundation is located in Richmond, VA. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Richmond Jewish Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Jewish 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 06/2021, Richmond Jewish Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 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 2016, Richmond Jewish Foundation has awarded 244 individual grants totaling $11,329,747. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RICHMOND JEWISH FOUNDATION IS A PRIMARY, TRUSTED AND EXPERT RESOURCE FOR PLANNED GIVING AND ENDOWMENTS. WE ENGAGE, EDUCATE AND INSPIRE GENERATIONS OF DONORS TO CREATE ONGOING RESOURCES FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL NEEDS. OUR DONORS MAY CHOOSE LEGACIES OF TZEDAKAH AND TIKKUN OLAM. WE EFFECTIVELY STEWARD PHILANTHROPIC ASSETS ENTRUSTED TO OUR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAST YEAR THE RICHMOND JEWISH FOUNDATION AWARDED APPROXIMATELY $2,400,000 IN GRANTS AND DISTRIBUTIONS. THESE CRUCIAL FUNDS ENHANCE THE LIVES OF PEOPLE LOCALLY AND AROUND THE WORLD, ADDRESSING NEEDS IN SUCH AREAS AS EDUCATION, HEALTH AND HUMAN SERVICES, ARTS AND CULTURE, OVERSEAS RELIEF, MEDICAL RESEARCH AND SOCIAL ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert I Nomberg President/ceo | Officer | 50 | $162,901 |
Richard S Looney Secretary | OfficerTrustee | 2 | $0 |
Jeffrey A Scharf Chairman | OfficerTrustee | 4 | $0 |
Frances F Goldman Past Chair | OfficerTrustee | 1 | $0 |
Jessica F Samet Assistant Secretary | OfficerTrustee | 2 | $0 |
Jeffrey M Lacker Treasurer | OfficerTrustee | 2 | $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 | $2,013,067 |
| Noncash contributions included in lines 1a–1f | $1,095,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013,067 |
| Total Program Service Revenue | $0 |
| Investment income | $324,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,004,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,682,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,405,534 |
| 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. | $193,287 |
| Compensation of current officers, directors, key employees. | $85,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,696 |
| Payroll taxes | $22,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,011 |
| Information technology | $10,117 |
| 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 | $2,629 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,127,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,342 |
| Savings and temporary cash investments | $0 |
| 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 | $5,378 |
| Net Land, buildings, and equipment | $7,724 |
| Investments—publicly traded securities | $43,665,334 |
| Investments—other securities | $8,473,211 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,324 |
| Total assets | $52,290,313 |
| Accounts payable and accrued expenses | $106,781 |
| 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 | $21,542,479 |
| Total liabilities | $21,649,260 |
| Net assets without donor restrictions | $11,566,018 |
| Net assets with donor restrictions | $19,075,035 |
| 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 | $52,290,313 |
Grants Awarded
Over the last fiscal year, Richmond Jewish Foundation has awarded $2,233,558 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: General | $1,006,661 |
RUDLIN TORAH ACADEMY PURPOSE: General | $359,459 |
Richmond, VA PURPOSE: General | $126,676 |
BETH SHOLOM LIFECARE CAMPUS PURPOSE: General | $114,176 |
YESHIVA OF VIRGINIA PURPOSE: General | $81,722 |
TEMPLE BETH EL PURPOSE: General | $47,518 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Richmond Jewish Foundation has recieved totaling $52,655.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $25,000 |
Let S Give Rva Richmond, VA PURPOSE: EDUCATION | $10,000 |
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $10,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: ENDOWMENT | $7,500 |
Marks Foundation Henrico, VA PURPOSE: MEANINGFUL MEALS IN HONOR OF JANET MEYERS AND CLAUDIA BIEGLER | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $17,597,861 |
| Earnings | $4,541,143 |
| Admin Expense | $649,994 |
| Net Contributions | $789,182 |
| Grants | $1,046,581 |
| Ending Balance | $21,231,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Association For Enterprise Opportun Ity Inc Washington, DC | $11,965,213 | $13,346,284 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
Associated Black Charities Inc Baltimore, MD | $5,817,793 | $15,343,076 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of Greater Knoxville Inc Knoxville, TN | $44,188,764 | $10,173,426 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of The Mid-South Memphis, TN | $15,939,575 | $10,736,980 |
United Way Of Greater Chattanooga Chattanooga, TN | $28,378,228 | $9,851,005 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |