Jewish Community Fdn Of The Jewish Federation Council Of Greater La
- Assets
- $1.1b
- Revenue
- $149.7m
- Investments
- $119.3m
- Employees
- 32
- Location
- Los Angeles, CA
- Founding
- 03/2017
- Data as of
- 12/2019
- EIN
- 95-6111928
Organization Overview
Jewish Community Fdn Of The Jewish Federation Council Of Greater La, operating under the name Jewish Community Foundation Of La, is located in Los Angeles, CA. The organization was established in 2017. 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 12/2019, Jewish Community Foundation Of LA employed 32 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 12/2019, Jewish Community Foundation Of LA generated $149.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $114.1m during the year ending 12/2019. While expenses have increased by 8.6% per year over the past 5 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 Community Foundation Of LA has awarded 4,311 individual grants totaling $366,482,098. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS THE LARGEST MANAGER OF CHARITABLE ASSETS AND LEADER IN PLANNED GIVING SOLUTIONS FOR GREATER LOS ANGELES JEWISH PHILANTHROPISTS THROUGH ITS VARIOUS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin I Schotland President & CEO | Officer | 46.4 | $471,002 |
Daniel M Rothblatt Executive Vice President | Officer | 40 | $319,308 |
Steve Gamer Vice President, Advancement | Officer | 40 | $274,068 |
David Carroll Sr VP Fin & Admin/cfo | Officer | 46.4 | $269,531 |
Barry S Littman Vice President, Development | Officer | 40 | $225,887 |
Elana Wien Vp, Ctr Designed Philantropy | Officer | 40 | $182,572 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canterbury Consulting Invest. Consulting | 12/30/19 | $386,485 |
Goldman Sachs Invest. Management | 12/30/19 | $236,327 |
Adage Capital Partners Lp Invest. Management | 12/30/19 | $311,084 |
Canyon Value Realization Invest. Management | 12/30/19 | $224,877 |
Ernst Young Us Llp Tax Consulting Svcs. | 12/30/19 | $162,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,010,512 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,080,126 |
| Noncash contributions included in lines 1a–1f | $38,628,016 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,090,638 |
| Total Program Service Revenue | $0 |
| Investment income | $16,791,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $36,355 |
| Net Rental Income | -$401,730 |
| Net Gain/Loss on Asset Sales | $34,770,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,675,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,571,633 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,604,477 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,200,037 |
| Compensation of current officers, directors, key employees. | $875,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,879,713 |
| Pension plan accruals and contributions | $273,778 |
| Other employee benefits | $226,325 |
| Payroll taxes | $232,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,498 |
| Fees for services: Accounting | $249,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $674,629 |
| Fees for services: Other | $161,692 |
| Advertising and promotion | $623,447 |
| Office expenses | $221,519 |
| Information technology | $238,840 |
| Royalties | $0 |
| Occupancy | $358,214 |
| Travel | $48,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $296,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,768 |
| Insurance | $161,368 |
| All other expenses | $492 |
| Total functional expenses | $114,088,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,635,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,742,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,260,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $75,843 |
| Investments—publicly traded securities | $876,591,576 |
| Investments—other securities | $119,323,456 |
| Investments—program-related | $0 |
| Intangible assets | $45,249 |
| Other assets | $2,291,281 |
| Total assets | $1,081,965,866 |
| Accounts payable and accrued expenses | $180,272 |
| Grants payable | $13,527,309 |
| 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 | $203,142,557 |
| Total liabilities | $216,850,138 |
| Net assets without donor restrictions | $741,392,514 |
| Net assets with donor restrictions | $123,723,214 |
| 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 | $1,081,965,866 |
Grants Awarded
Over the last fiscal year, Jewish Community Fdn Of The Jewish Federation Council Of Greater La has awarded $76,082,523 in support to 836 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $4,500,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $3,953,540 |
New York, NY PURPOSE: GENERAL SUPPORT | $3,000,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $1,936,594 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $1,500,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $1,447,260 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jewish Community Fdn Of The Jewish Federation Council Of Greater La has recieved totaling $52,000.
| Awarding Organization | Amount |
|---|---|
Milwaukee Jewish Federation Inc Milwaukee, WI PURPOSE: GENERAL DONATIONS | $29,000 |
Jewish Communal Fund New York, NY PURPOSE: General support | $15,000 |
The Steven And Lottie Walker Family Foundation Los Angeles, CA PURPOSE: SUPPORT OF LOCAL COMMUNITY ISSUES | $8,000 |
Endowment Analysis
| Beg. Balance | $168,368,688 |
| Earnings | $30,829,260 |
| Admin Expense | $995,182 |
| Net Contributions | $4,632,932 |
| Grants | $8,678,232 |
| Ending Balance | $194,157,466 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Federation Of S F Marin Peninsula & Sonoma Counties San Francisco, CA | $1,187,507,760 | $186,384,757 |
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA | $1,081,965,866 | $149,675,530 |
Valley Of The Sun United Way Phoenix, AZ | $109,732,254 | $109,884,545 |
Jewish Community Foundation Of San Diego San Diego, CA | $448,399,166 | $106,011,475 |
Entertainment Industry Foundation Los Angeles, CA | $82,070,485 | $59,290,881 |
United Way Inc Los Angeles, CA | $63,354,445 | $59,662,223 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $165,637,905 | $49,318,919 |
United Way Of The Bay Area San Francisco, CA | $28,140,055 | $34,442,776 |
Daughters Of Charity Foundation Los Angeles, CA | $350,323,436 | $13,630,527 |
United Way Of The Columbia- Willamette Portland, OR | $22,306,039 | $27,522,630 |
Opportunity Village Foundation Las Vegas, NV | $128,741,786 | $11,360,052 |
Orange Countys United Way Irvine, CA | $28,014,932 | $18,831,807 |