Jewish Foundation Of Memphis
- Assets
- $73.4m
- Revenue
- $19.6m
- Investments
- $1.6m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 05/1996
- Data as of
- 06/2021
- EIN
- 62-1618399
Organization Overview
Jewish Foundation Of Memphis is located in Memphis, TN. The organization was established in 1996. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Jewish Foundation Of Memphis 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, Jewish Foundation Of Memphis generated $19.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 4.7% 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 2014, Jewish Foundation Of Memphis has awarded 740 individual grants totaling $44,705,572. 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 MISSION OF THE JEWISH FOUNDATION OF MEMPHIS IS TO ENCOURAGE CHARITABLE GIVING, SUPPORT PARTNER AGENCY ENDOWMENT DEVELOPMENT AND TO BUILD AND SUSTAIN A VIBRANT JEWISH COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATIONS TO MEMBER ORGANIZATIONS, ALL OF WHICH ARE QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Linder President/ce | OfficerTrustee | 40 | $0 |
David Greenberg Vice Chair L | OfficerTrustee | 1 | $0 |
Anthony Morrison Chairman | OfficerTrustee | 1 | $0 |
Jason Salomon Treasurer | OfficerTrustee | 1 | $0 |
Stanley Bilsky Director | Trustee | 1 | $0 |
Aileen Cooper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,382,639 |
| Noncash contributions included in lines 1a–1f | $5,575,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,441,439 |
| Total Program Service Revenue | $0 |
| Investment income | $831,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $911,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,619,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,504,367 |
| 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 | $452,011 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $449,524 |
| Fees for services: Other | $25 |
| Advertising and promotion | $0 |
| Office expenses | $750 |
| 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 | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,988 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,410,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6 |
| Savings and temporary cash investments | $562,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,276,500 |
| 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 | $50,528 |
| Investments—publicly traded securities | $63,935,371 |
| Investments—other securities | $1,561,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,386,968 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,145,926 |
| 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 | $19,145,926 |
| Net assets without donor restrictions | $28,338,095 |
| Net assets with donor restrictions | $25,902,947 |
| 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 | $73,386,968 |
Grants Awarded
Over the last fiscal year, Jewish Foundation Of Memphis has awarded $5,504,367 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: PROGRAM SERVICE | $965,910 |
Memphis, TN PURPOSE: PROGRAM SERVICE | $853,585 |
Cordova, TN PURPOSE: HEALTH / WELFARE | $446,474 |
Memphis, TN PURPOSE: RELIGIOUS | $443,675 |
TEMPLE ISRAEL PURPOSE: RELIGIOUS | $423,626 |
Memphis, TN PURPOSE: EDUCATIONAL | $313,065 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jewish Foundation Of Memphis has recieved totaling $320,000.
| Awarding Organization | Amount |
|---|---|
Belz Foundation Memphis, TN PURPOSE: COMMUNITY | $300,000 |
Organization Name not Listed PURPOSE: SAME | | $20,000 |
Endowment Analysis
| Beg. Balance | $6,957,905 |
| Earnings | $2,239,711 |
| Admin Expense | $63,701 |
| Net Contributions | $6,743,496 |
| Other Expense | $332,517 |
| Ending Balance | $15,544,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Christian Foundation Real Property Inc Alpharetta, GA | $69,065,841 | $20,328,188 |
Mcmichael Communications Group Inc Atlanta, GA | $7,951,989 | $7,334,064 |
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
St Marys Highland Hills Inc Athens, GA | $10,415,117 | $5,487,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Womans Missionary Union Auxiliary To Southern Baptist Convention Birmingham, AL | $13,110,480 | $5,427,562 |
Religion News Foundation Columbia, MO | $2,784,139 | $2,640,609 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Family Christian Resource Centers Inc Alpharetta, GA | $59,520,586 | $1,549,000 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Hopegivers International Inc Columbus, GA | $1,962,256 | $2,287,272 |