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Nonprofiteer
← JERUSALEM FOUNDATION INC

Form 990 for tax year 2023

Filed by JERUSALEM FOUNDATION INC.

Totals

Total revenue
$11,151,809
Total expenses
$13,706,730
Contributions and grants received
$10,214,719
Grants paid
$11,672,900
Program service revenue
$0
Investment income
$747,815
Other revenue
$189,275
Total assets, end of year
$38,434,102
Total liabilities, end of year
$405,501
Net assets or fund balances, end of year
$38,028,601
Program services expenses (Part IX)
$11,672,900
Management and general expenses
$1,077,537
Fundraising expenses
$956,293
Program service expenses (Part III)
$11,672,900

Program services were 85.2% 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

    $10,214,719

  • 1g · Noncash contributions included above

    $240,080

  • 3 · Investment income

    total $1,333,986 · excluded $1,333,986

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $188,741 · excluded $188,741

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $10,830,728

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

    securities $11,416,899

  • 7c · Gain or loss

    securities -$586,171

  • 7d · Net gain or loss

    total -$586,171 · excluded -$586,171

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $534 · excluded $534

  • 11e · Other revenue, total

    $534

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $11,672,900 · program services $11,672,900

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,028,378 · management and general $442,913 · fundraising $585,465

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $54,443 · management and general $23,448 · fundraising $30,995

  • 8 · Pension plan contributions

    total $42,345 · management and general $18,238 · fundraising $24,107

  • 9 · Other employee benefits

    total $37,673 · management and general $16,225 · fundraising $21,448

  • 10 · Payroll taxes

    total $40,525 · management and general $17,454 · fundraising $23,071

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $276,807 · management and general $276,807

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $86,930 · management and general $86,930

  • 11g · Fees: other

    total $46,095 · management and general $7,776 · fundraising $38,319

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $38,058 · management and general $21,610 · fundraising $16,448

  • 14 · Information technology

    total $11,192 · management and general $8,176 · fundraising $3,016

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $172,339 · management and general $74,225 · fundraising $98,114

  • 17 · Travel

    total $141,306 · management and general $60,859 · fundraising $80,447

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $35,407 · management and general $4,312 · fundraising $31,095

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $10,119 · management and general $10,119

  • 23 · Insurance

    total $5,594 · management and general $5,594

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $6,619 · management and general $2,851 · fundraising $3,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $314,142 · end of year $273,372

  • 2 · Savings and temporary cash investments

    beginning of year $8,084,497 · end of year $6,620,990

  • 3 · Pledges and grants receivable

    beginning of year $7,134,757 · end of year $7,293,094

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,390 · end of year $21,553

  • 10a · Land, buildings and equipment: cost or other basis

    $266,496

  • 10b · Land, buildings and equipment: accumulated depreciation

    $247,687

  • 10c · Land, buildings and equipment, net

    beginning of year $28,928 · end of year $18,809

  • 11 · Investments: publicly traded securities

    beginning of year $20,424,002 · end of year $21,485,892

  • 12 · Investments: other securities

    beginning of year $2,202,765 · end of year $2,449,359

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $417,010 · end of year $271,033

  • 17 · Accounts payable and accrued expenses

    beginning of year $216,095 · end of year $140,301

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,500 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $409,571 · end of year $265,200

  • 27 · Net assets without donor restrictions

    beginning of year $20,020,033 · end of year $18,402,993

  • 28 · Net assets with donor restrictions

    beginning of year $17,975,292 · end of year $19,625,608

Mission and programs · 2023

Mission

WITH UNIVERSAL AND JEWISH VALUES AS THE SOURCE OF ITS INSPIRATION, THE JERUSALEM FOUNDATION SEEKS TO CREATE A JUST SOCIETY FOR ALL CITIZENS OF JERUSALEM. THE JERUSALEM FOUNDATION WORKS TOWARD CREATING AN OPEN, EQUITABLE AND MODERN SOCIETY BY RESPONDING TO THE NEEDS OF RESIDENTS AND TRYING TO IMPROVE THEIR QUALITY OF LIFE. THE JERUSALEM FOUNDATION WILL CONTINUE TO PIONEER CHANGE WHILE AT THE SAME TIME SUPPORTING EFFORTS TO PRESERVE THE HISTORY OF THE CITY.

Activities or mission (Part I)

JERUSALEM FOUNDATION, INC. MAKES GRANTS FOR PROJECTS IN JERUSALEM SUCH AS PARKS, LIBRARIES, COMMUNITY CENTERS, AND ARCHAEOLOGICAL, HEALTH, SOCIAL AND CULTURAL ACTIVITIES.

  • JERUSALEM FOUNDATION, INC. MAKES GRANTS FOR PROJECTS IN JERUSALEM SUCH AS PARKS, LIBRARIES, COMMUNITY CENTERS, AND ARCHAEOLOGICAL, HEALTH, SOCIAL AND CULTURAL ACTIVITIES.

    Expenses $11,672,900 · Grants $11,672,900

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James S Snyder Thru 102023

    EXECUTIVE CHAIRMAN

    Total calculated
    $728,133
    From this org
    $708,333
    From related orgs
    $0
    Other
    $19,800
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $708,333
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,800
    Filer's total
    $728,133
  • Joseph Nadis

    EXECUTIVE DIRECTOR

    Total calculated
    $300,245
    From this org
    $283,250
    From related orgs
    $0
    Other
    $16,995
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $283,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,995
    Filer's total
    $300,245
  • Alan G Hassenfeld

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Stephen R Reiner

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Steven Scheinfeld

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2
  • Marc Abramowitz

    DIRECTOR (THRU 10/2023)

    Total calculated
    $0
    Hours/week
    1
  • Isaac Applbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cassie Arison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David N Bottoms Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Block Casdin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Crown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lester Crown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tony Felzen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Linda Jesselson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Jordan Kassalow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Krauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sheila Lambert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nathan Leight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rabbi Joy Levitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Theodore Mirvis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Allen Model

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ambassador Lyndon Olson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Recanati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Reicher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mitchell E Rudin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Shapiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Steinhardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study

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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 September 2024
IRS schema version
2023v5.1
Source object
202442819349301229

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