Island Synagogue
- Assets
- $3.8m
- Revenue
- $972.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Mercer Island, WA
- Founding
- 04/1994
- Data as of
- 08/2023
- EIN
- 91-1460151
Organization Overview
Island Synagogue is located in Mercer Island, WA. The organization was established in 1994. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 08/2023, Island Synagogue employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Synagogue 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 08/2023, Island Synagogue generated $972.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $561.5k during the year ending 08/2023. While expenses have increased by 0.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND CONDUCT A TRADITIONAL ORTHODOX JEWISH CENTER FOR RELIGIOUS PRAYER AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED DINNERS TO ENHANCE JEWISH KNOWLEDGE AND DEVELOPCOMMUNITY OUTREACH, DESIGNED GIFT BASKETS OF FOOD FORDISTRIBUTION AMONGST THE COMMUNITY, COLLECTED ANDDISTRIBUTED MONEY TO NEEDY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chernicoff Richard Treasurer | Officer | 15 | $0 |
Blumenstein Rodney Vice President | Officer | 15 | $0 |
Kessler Randy Past President | Officer | 15 | $0 |
Hernandez Josue Vice President | Officer | 15 | $0 |
Rochon Menachem President | Officer | 15 | $0 |
Silberstein Rachel Secretary | Officer | 15 | $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 | $698,841 |
| Noncash contributions included in lines 1a–1f | $4,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $698,841 |
| Total Program Service Revenue | $267,321 |
| Investment income | $6,522 |
| 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 | $972,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $176,004 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,052 |
| Office expenses | $9,197 |
| Information technology | $3,968 |
| Royalties | $0 |
| Occupancy | $131,603 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,160 |
| Insurance | $11,072 |
| All other expenses | $5,034 |
| Total functional expenses | $561,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,411 |
| Savings and temporary cash investments | $464,153 |
| 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 | $3,286,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,124 |
| Other assets | $0 |
| Total assets | $3,821,807 |
| Accounts payable and accrued expenses | $3,027 |
| 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 | $766,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,724 |
| Total liabilities | $813,819 |
| Net assets without donor restrictions | $3,007,988 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,821,807 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Hebrew Academy Seattle, WA | $15,254,607 | $6,206,675 |
Kavana Seattle, WA | $1,079,810 | $1,104,671 |
Island Synagogue Mercer Island, WA | $3,821,807 | $972,684 |
Seattle Sephardic Brotherhood Seattle, WA | $3,217,622 | $235,062 |
Torahresource Com Tacoma, WA | $38,808 | $253,128 |
Chabad Jewish Russian Center Shoreline, WA | $26,159 | $0 |
Institute For Judaic Studies Portland, OR | $0 | $0 |
Weinstein Family Foundation Seattle, WA | $434,182 | $525,036 |
Youth & Family Crossroads Portland, OR | $93,936 | $228,953 |
Chessed Alaska Palmer, AK | $39,571 | $0 |
Jewish Federation Of Lane County Eugene, OR | $446,184 | $145,576 |
Hope For Generations Shoreline, WA | $14,052 | $42,700 |
Limmud Seattle Renton, WA | $20,265 | $0 |
As The Spirit Moves Us Portland, OR | $262 | $0 |
Pacific County Anglers Raymond, WA | $26,291 | $0 |
Dreamcoat Initiative Seattle, WA | $555 | $0 |
Jewish Mothers Of Metropolitan Seattle Kirkland, WA | $7,503 | $7,944 |