Jewish Community Fdn Of The Jewish Federation Council Of Greater La
- Assets
- $1.1b
- Revenue
- $108.4m
- Investments
- $131.0m
- Employees
- 34
- Location
- Los Angeles, CA
- Founding
- 03/2017
- Data as of
- 12/2020
- 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 12/2021, Jewish Community Foundation Of LA employed 34 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Jewish Community Foundation Of LA 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 12/2020, Jewish Community Foundation Of LA generated $108.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $107.5m during the year ending 12/2020. While expenses have increased by 6.1% 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 Community Foundation Of LA has awarded 5,933 individual grants totaling $512,013,122. 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
2020
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 | 46.8 | $488,569 |
Daniel M Rothblatt Executive Vice President | Officer | 40 | $327,720 |
David Carroll Sr VP Fin & Admin/cfo | Officer | 46.8 | $298,666 |
Steve Gamer Vice President, Advancement | Officer | 40 | $284,239 |
Ellen Rosen Vice President/general Counsel | Officer | 46.8 | $201,821 |
Ripsima Talverdian Controller | 40 | $183,347 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oaktree Capital Management Invest. Management | 12/30/21 | $339,390 |
Adage Capital Partners Lp Invest. Management | 12/30/21 | $430,731 |
Canterbury Consulting Invest. Consulting | 12/30/21 | $332,030 |
Vaughan Nelson Select Invest. Management | 12/30/21 | $218,434 |
The Blackstone Group Invest. Management | 12/30/21 | $314,024 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,639,749 |
| Investment income | $18,729,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,393 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,998,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,439,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,592,434 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,985,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,305,652 |
| Pension plan accruals and contributions | $288,129 |
| Other employee benefits | $265,430 |
| Payroll taxes | $247,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,673 |
| Fees for services: Accounting | $212,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $641,296 |
| Fees for services: Other | $50,988 |
| Advertising and promotion | $367,640 |
| Office expenses | $193,639 |
| Information technology | $262,653 |
| Royalties | $0 |
| Occupancy | $321,636 |
| Travel | $17,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,642 |
| Insurance | $173,623 |
| All other expenses | $0 |
| Total functional expenses | $107,541,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,048,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,298,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,386,525 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $926,628,747 |
| Investments—other securities | $131,019,040 |
| Investments—program-related | $0 |
| Intangible assets | $16,037 |
| Other assets | $1,894,378 |
| Total assets | $1,147,355,921 |
| Accounts payable and accrued expenses | $132,211 |
| Grants payable | $12,284,360 |
| 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 | $219,344,736 |
| Total liabilities | $231,761,307 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $915,594,614 |
Grants Awarded
Over the last fiscal year, Jewish Community Fdn Of The Jewish Federation Council Of Greater La has awarded $68,498,251 in support to 824 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA | | $6,504,724 |
Brooklyn, NY | | $1,500,500 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $1,423,448 |
New York, NY | | $1,381,560 |
Los Angeles, CA | | $1,306,450 |
New York, NY | | $1,250,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Jewish Community Fdn Of The Jewish Federation Council Of Greater La has recieved totaling $2,829,536.
| Awarding Organization | Amount |
|---|---|
Judy & Bernard Briskin Family Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $525,000 |
| $468,600 | |
Abrasba Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $457,500 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA PURPOSE: GRANT EXPENSE | $340,239 |
Bernard And Rena Shapiro Family Support Organization Los Angeles, CA PURPOSE: GENERAL SUPPORT | $260,227 |
The Halaj Foundation Rancho Palos Verdes, CA | | $183,000 |
Endowment Analysis
| Beg. Balance | $213,993,116 |
| Earnings | $27,991,268 |
| Admin Expense | $1,135,310 |
| Net Contributions | $2,309,931 |
| Grants | $8,091,899 |
| Ending Balance | $235,067,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA | $1,147,355,921 | $108,439,956 |
Jewish Community Federation Of S F Marin Peninsula & Sonoma Counties San Francisco, CA | $1,443,740,655 | $154,567,295 |
Jewish Community Foundation Of San Diego San Diego, CA | $448,399,166 | $106,011,475 |
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
Orange Countys United Way Irvine, CA | $28,387,789 | $67,720,545 |
Entertainment Industry Foundation Los Angeles, CA | $110,994,468 | $64,821,214 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
United Way Inc Los Angeles, CA | $90,203,286 | $68,762,414 |
Opportunity Village Foundation Las Vegas, NV | $82,150,112 | $9,952,519 |
Inland Southern California United Way Rancho Cucamonga, CA | $4,994,163 | $30,713,140 |
Daughters Of Charity Foundation Los Angeles, CA | $457,947,598 | $21,458,667 |