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Nonprofiteer
← THE OJC FUND

Form 990 for tax year 2022

Filed by THE OJC FUND.

Totals

Total revenue
$350,687,480
Total expenses
$342,966,067
Contributions and grants received
$350,273,922
Grants paid
$338,935,575
Program service revenue
$0
Investment income
$413,558
Other revenue
$0
Total assets, end of year
$53,969,063
Total liabilities, end of year
$37,625
Net assets or fund balances, end of year
$53,931,438
Program services expenses (Part IX)
$338,935,575
Management and general expenses
$3,123,504
Fundraising expenses
$906,988
Program service expenses (Part III)
$338,935,575

Program services were 98.8% 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

    $350,273,922

  • 1g · Noncash contributions included above

    $586,178

  • 3 · Investment income

    total $676,575 · excluded $676,575

  • 7a · Gross sales of assets other than inventory

    securities $893,996

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

    securities $1,157,013

  • 7c · Gain or loss

    securities -$263,017

  • 7d · Net gain or loss

    total -$263,017 · excluded -$263,017

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $338,222,318 · program services $338,222,318

  • 3 · Grants to foreign organizations and individuals

    total $713,257 · program services $713,257

  • 5 · Compensation of officers, directors and key employees

    total $1,696,020 · management and general $1,696,020

  • 6 · Compensation of disqualified persons

    total $16,560 · management and general $16,560

  • 7 · Other salaries and wages

    total $83,847 · management and general $83,847

  • 10 · Payroll taxes

    total $122,015 · management and general $122,015

  • 11b · Fees: legal

    total $30,135 · management and general $30,135

  • 11c · Fees: accounting

    total $76,611 · management and general $76,611

  • 11g · Fees: other

    total $657,703 · management and general $28,707 · fundraising $628,996

  • 12 · Advertising and promotion

    total $165,091 · fundraising $165,091

  • 13 · Office expenses

    total $566,224 · management and general $453,323 · fundraising $112,901

  • 14 · Information technology

    total $499,051 · management and general $499,051

  • 16 · Occupancy

    total $96,085 · management and general $96,085

  • 22 · Depreciation, depletion and amortization

    total $5,167 · management and general $5,167

  • 23 · Insurance

    total $15,983 · management and general $15,983

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,969,725 · end of year $2,329,478

  • 2 · Savings and temporary cash investments

    beginning of year $3,280,805 · end of year $21,447,518

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

    $152,584

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $148,325 · end of year $152,584

  • 12 · Investments: other securities

    beginning of year $3,913,530 · end of year $30,015,619

  • 14 · Intangible assets

    beginning of year $29,031 · end of year $23,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,606 · end of year $37,625

  • 27 · Net assets without donor restrictions

    beginning of year $45,314,810 · end of year $53,931,438

Mission and programs · 2022

Mission

TO MAINTAIN A DONOR ADVISED FUND BY HONORING OUR COMMITMENT TO FUNDHOLDERS BY PROVIDING SERVICES TO MAKE THEIR CHARITABLE GIVING ADMINISTRATIVELY EFFICIENT, AND PERSONALLY REWARDING.

  • OUR RESPONSIBILITY IS TO SERVE OUR FUNDHOLDERS WHO HAVE ENTRUSTED US WITH THEIR CHARITABLE DOLLARS. WE TAKE THIS RESPONSIBILITY VERY SERIOUSLY AND ARE DEDICATED TO TREATING OUR FUNDHOLDERS WITH THE UTMOST INTEGRITY AND RESPECT. OUR DONORS HAVE THE OPPORTUNITY TO RECOMMEND HOW THEIR CHARITABLE CONTRIBUTIONS ARE ALLOCATED TO THE VARIOUS CHARITABLE ORGANIZATIONS. WE HONOR OUR COMMITMENT TO FUNDHOLDERS BY PROVIDING SERVICES THAT MAKE THEIR CHARITABLE GIVING ADMINISTRATIVELY EFFICIENT, ECONOMICALLY ADVANTAGEOUS, AND PERSONALLY REWARDING. THESE INCLUDE: SIMPLIFYING THE GRANTMAKING PROCESS SO THAT CONTRIBUTIONS FLOW QUICKLY AND EASILY INTO THE CHARITABLE STREAM, SAFEGUARDING CONFIDENTIALITY AND FACILITATING INTERGENERATIONAL PHILANTHROPY.

    Expenses $338,935,575 · Grants $338,935,575

As filed on the 2022 return.

Listed in Part VII

  • Efraim Sofer

    PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $763,537
    From this org
    $735,527
    From related orgs
    $0
    Other
    $28,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $735,527
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,010
    Filer's total
    $763,537

  • Kalmen Ekstein

    TREASURER & CHIEF FINANCIAL OFFICER

    Total calculated
    $441,515
    From this org
    $406,200
    From related orgs
    $0
    Other
    $35,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,315
    Filer's total
    $441,515

  • Nathan Smaia

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349313111

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