Jewish Free Loan Association

Organization Overview

Jewish Free Loan Association is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2021, Jewish Free Loan Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Free Loan Association 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 08/2021, Jewish Free Loan Association generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.9m during the year ending 08/2021. While expenses have increased by 0.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OFFER INTEREST-FREE LOANS TO INDIVIDUALS AND FAMILIES WHO MAY NOT QUALIFY FOR NORMAL LENDING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

JFLA GRANTED 1,137 LOANS DURING THE FISCAL YEAR (9/1/20-8/31/21) FOR EDUCATION, EMERGENCY NEEDS, SMALL BUSINESSES, AND JEWISH CONTINUITY. AT AUGUST 31, 2021, JFLA HAD OVER 2,550 LOANS OUTSTANDING IN THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Rachel B Grose
Executive Director
$221,667
Kim Carson
Director Of Finance
$119,792
Sara Robyn
Dir. Of Donor Cultivation
$93,000
Brandon Levin
President
$0
Alexa Pearl O'connor
1st Vice President
$0
Adeena Bleich
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$90,358
Related organizations$0
Government grants $745,249
All other contributions, gifts, grants, and similar amounts not included above$2,956,263
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,791,870
Total Program Service Revenue$0
Investment income $186,958
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,409
Net Income from Fundraising Events -$23,655
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,978,059

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Jewish Free Loan Association has recieved totaling $1,000.

Awarding OrganizationAmount
Harry & Judy Friedman Family Foundation

Westlake Village, CA

PURPOSE: CHARITABLE GIVING

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$250,500
Earnings$24,914
Other Expense$12,525
Ending Balance$262,889

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