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Nonprofiteer
← THE PEGGY AND JOHN GARSON FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by THE PEGGY AND JOHN GARSON FAMILY FOUNDATION.

Totals

Total revenue
$425,359
Total expenses
$228,475
Contributions and grants received
$416,550
Grants paid
$223,250
Program service revenue
$0
Investment income
$8,809
Other revenue
$0
Total assets, end of year
$1,267,333
Total liabilities, end of year
$565,000
Net assets or fund balances, end of year
$702,333
Program services expenses (Part IX)
$223,250
Management and general expenses
$5,225
Fundraising expenses
$0
Program service expenses (Part III)
$223,250

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $416,550

  • 1g · Noncash contributions included above

    $416,550

  • 3 · Investment income

    total $8,879 · excluded $8,879

  • 7a · Gross sales of assets other than inventory

    securities $460,480

  • 7b · Less cost or other basis and sales expenses

    securities $460,550

  • 7c · Gain or loss

    securities -$70

  • 7d · Net gain or loss

    total -$70 · excluded -$70

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $223,250 · program services $223,250

  • 11f · Fees: investment management

    total $233 · management and general $233

  • 24a · Other expenses: INVEST & ADMIN FEES-FED

    total $4,792 · management and general $4,792

  • 24b · Other expenses: FILING FEES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $770

  • 12 · Investments: other securities

    beginning of year $1,476,290 · end of year $1,266,563

  • 18 · Grants payable

    beginning of year $1,050,000 · end of year $565,000

  • 27 · Net assets without donor restrictions

    beginning of year $426,290 · end of year $702,333

Mission and programs · 2022

Mission

TO FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION").

Activities or mission (Part I)

FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")

  • GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")

    Expenses $223,250 · Grants $223,250

As filed on the 2022 return.

Listed in Part VII

  • BARRY REIS

    TREASURER THRU 10/6/2022

    Total calculated
    $310,108
    From this org
    $0
    From related orgs
    $269,777
    Other
    $40,331
    Hours/week
    0.2 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,819 related
    Bonus
    $0
    Other
    $0 + $12,958 related
    Deferred
    $0 + $9,205 related
    Nontaxable benefits
    $0 + $31,126 related
    Filer's total
    $0 + $310,108 related

  • MOZELLE JACKSON

    TREASURER AS OF 10/6/22

    Total calculated
    $255,134
    From this org
    $0
    From related orgs
    $231,844
    Other
    $23,290
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,889 related
    Bonus
    $0
    Other
    $0 + $955 related
    Deferred
    $0 + $6,767 related
    Nontaxable benefits
    $0 + $16,523 related
    Filer's total
    $0 + $255,134 related

  • KARI BLUMENTHAL

    ASSISTANT TREASURER

    Total calculated
    $166,588
    From this org
    $0
    From related orgs
    $141,856
    Other
    $24,732
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,445 related
    Bonus
    $0
    Other
    $0 + $411 related
    Deferred
    $0 + $7,357 related
    Nontaxable benefits
    $0 + $17,375 related
    Filer's total
    $0 + $166,588 related

  • HEDY P MILGROM

    SECRETARY

    Total calculated
    $99,886
    From this org
    $0
    From related orgs
    $92,420
    Other
    $7,466
    Hours/week
    0.2 + 20 related

  • JOHN D GARSON

    TRUSTEE & PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • PEGGY GARSON

    TRUSTEE & VP

    Total calculated
    $0
    Hours/week
    0.3

  • MATTHEW GARSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • MARLYN B JAFFE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • KEITH LIBMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 3.3 related

  • CHERYL DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCH J, PART I, LINE 3
THE COMPENSATION REPORTED ON SCHEDULE J IS PAID BY THE JEWISH FEDERATION OF CLEVELAND, THE SUPPORTED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411349349304156

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