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← HADASSAH MEDICAL RELIEF ASSOCIATION INC

Form 990 for tax year 2023

Filed by HADASSAH MEDICAL RELIEF ASSOCIATION INC.

Totals

Total revenue
$32,370,760
Total expenses
$64,705,029
Contributions and grants received
$9,979,486
Grants paid
$62,275,322
Program service revenue
$0
Investment income
$22,340,029
Other revenue
$51,245
Total assets, end of year
$635,523,164
Total liabilities, end of year
$423,228,130
Net assets or fund balances, end of year
$212,295,034
Program services expenses (Part IX)
$62,275,322
Management and general expenses
$2,429,707
Fundraising expenses
$0
Program service expenses (Part III)
$62,275,322

Program services were 96.2% 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.

  • 1d · Related organizations

    $9,933,099

  • 1f · All other contributions, gifts and grants

    $46,387

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,311,895 · unrelated business $28,523 · excluded $4,283,372

  • 5 · Royalties

    total $51,170 · excluded $51,170

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $120,198,284

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

    securities $102,170,150

  • 7c · Gain or loss

    securities $18,028,134 · other assets $0

  • 7d · Net gain or loss

    total $18,028,134 · excluded $18,028,134

  • 11a · Other revenue: Other Income

    total $75 · excluded $75

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $75

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,131,585 · program services $62,131,585

  • 3 · Grants to foreign organizations and individuals

    total $143,737 · program services $143,737

  • 11f · Fees: investment management

    total $2,126,652 · management and general $2,126,652

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $16,228 · management and general $16,228

  • 20 · Interest

    total $283,599 · management and general $283,599

  • 22 · Depreciation, depletion and amortization

    total $3,228 · management and general $3,228

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $281,621 · end of year $1,364

  • 3 · Pledges and grants receivable

    beginning of year $5,428,605 · end of year $4,897,536

  • 4 · Accounts receivable

    beginning of year $315,514 · end of year $1,017,857

  • 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

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

    $125,745

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

    $74,369

  • 10c · Land, buildings and equipment, net

    beginning of year $54,604 · end of year $51,376

  • 11 · Investments: publicly traded securities

    beginning of year $214,571,590 · end of year $276,240,104

  • 12 · Investments: other securities

    beginning of year $344,203,750 · end of year $336,664,927

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $16,650,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,834 · 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 $15,000,000

  • 25 · Other liabilities

    beginning of year $365,651,802 · end of year $408,228,130

  • 27 · Net assets without donor restrictions

    beginning of year -$98,732 · end of year $1,794,285

  • 28 · Net assets with donor restrictions

    beginning of year $199,294,780 · end of year $210,500,749

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • GRANTS TO AFFILIATES: BEGINNING IN 2021, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") GRANTED TO HMRA THE DISCRETION AND RESPONSIBILITY FOR ADMINISTERING, MANAGING AND INVESTING CERTAIN INVESTMENT ASSETS. FOR INVESTMENT PURPOSES ONLY, HMRA IS ALLOWED TO POOL AND MANAGE THE FUNDS WITH FUNDS OWNED BY HMRA AND THE HADASSAH FOUNDATION, INC. ("HF"). ON A QUARTERLY BASIS, HMRA TRANSFERS TO HWZOA AND HF THEIR PRO RATA SHARE OF INVESTMENT INCOME. IN ADDITION, HMRA TRANSFERS TO HWZOA DISTRIBUTIONS FROM ENDOWMENTS HELD BY HMRA.

    Expenses $62,275,322 · Grants $62,275,322

As filed on the 2023 return.

Listed in Part VII

  • FRAN FELDMAN

    VICE PRESIDENT (START 1/1/2023)

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • JILL SAPPERSTEIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • LIZ ALPERT

    VICE PRESIDENT (START 1/1/2023)

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • MARCIA GABRILOVE LADIN

    SECRETARY (START 1/1/2023)

    Total calculated
    $0
    Hours/week
    6

  • MICHELLE HUBERTUS

    TREASURER

    Total calculated
    $0
    Hours/week
    6 + 34 related

  • PEG ELEFANT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • RHODA SMOLOW

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 34 related

  • SHELLEY KAPLAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • VALERIE LOWENSTEIN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • ELLEN HERSHKIN

    PAST NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • MARCIE NATAN

    PAST NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • NAOMI LEAH ADLER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $524,838
    From this org
    $0
    From related orgs
    $426,089
    Other
    $98,749
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,283 related
    Bonus
    $0
    Other
    $0 + $1,806 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $64,099 related
    Filer's total
    $0 + $524,838 related

  • RON ALONI

    CFO/COO

    Total calculated
    $511,818
    From this org
    $0
    From related orgs
    $416,032
    Other
    $95,786
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,029 related
    Bonus
    $0
    Other
    $0 + $1,003 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $61,136 related
    Filer's total
    $0 + $511,818 related

  • SHERYL ZELIGSON

    CHIEF LEGAL OFFICER & GEN. COUNSEL

    Total calculated
    $494,944
    From this org
    $0
    From related orgs
    $418,841
    Other
    $76,103
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,909 related
    Bonus
    $0
    Other
    $0 + $2,932 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $41,453 related
    Filer's total
    $0 + $494,944 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)

Schedule J, Part II ADDITIONAL DISCLOSURE
SCHEDULE J PART II COLUMN C CONSISTS ONLY OF CONTRIBUTIONS TO COMPANY RETIREMENT PLANS. PART II COLUMN D INCLUDES NOT ONLY EMPLOYER PROVIDED BENEFITS, BUT ALSO EMPLOYEE CONTRIBUTIONS FOR HEALTH INSURANCE, MEDICAL AND/OR CHILDCARE FLEXIBLE SPENDING ACCOUNTS, AND QUALIFIED TRANSPORTATION FRINGE BENEFITS.
Schedule J, Part II COMPENSATION
HADASSAH MEDICAL RELIEF ASSOCIATION, INC. (HMRA) DOES NOT HAVE ANY EMPLOYEES. HMRA RELIES ON OFFICERS AND KEY EMPLOYEES' OF HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. (HWZOA, EIN: 13-1656651) A 501(C)(3) TAX EXEMPT ORGANIZATION, WHO PAYS ALL RELATED COMPENSATION. THE HWZOA'S CURRENT ACCOUNTING PROCEDURES DO NOT SEPARATELY TRACK SUCH EXPENDITURES FOR EACH ORGANIZATION. HMRA RELIES ON HWZOA FOR ESTABLISHING COMPENSATION OF THE TOP MANAGEMENT OFFICIAL THROUGH THE USE OF AN INDEPENDENT COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY OR COMPENSATION COMMITTEE.

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.

  • HADASSAH THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA INC

    501(c)(3) · CHARITABLE · NY · controlled entity

    Directly controlled by NA

  • THE HADASSAH FOUNDATION INC

    501(c)(3) · CHARITABLE · NY · controlled entity

    Directly controlled by HWZOA

  • HADASSAH OFFICE IN ISRAEL

    CHARITABLE · IS · controlled entity

    Directly controlled by HWZOA

  • HADASSAH INTERNATIONAL LTD

    CHARITABLE · BD · controlled entity

    Directly controlled by HWZOA

  • HADASSAH MEXICO AC

    CHARITABLE · MX · controlled entity

    Directly controlled by HWZOA

  • HADASSAH MEDICAL ORGANIZATION

    CHARITABLE · IS · controlled entity

    Directly controlled by HWZOA

  • HADASSAH YOUTH SERVICES AMUTA

    CHARITABLE · IS · controlled entity

    Directly controlled by HWZOA

  • HADASSAH INTERNATIONAL ISRAEL LTD (CC)

    CHARITABLE · IS · controlled entity

    Directly controlled by HWZOA

  • MEIR SHFEYAH FOR PROMOTION OF EDUCATION

    CHARITABLE · IS · controlled entity

    Directly controlled by HWZOA

  • HADASSAH STIFTUNG DEUTSCHLAND

    CHARITABLE · GM · controlled entity

    Directly controlled by HWZOA

  • HADASSAH SWITZERLAND CO DR ALESCH STAEHELIN

    CHARITABLE · SZ · controlled entity

    Directly controlled by HWZOA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER ANNUITY TRUST (26)

    Trust · INVESTMENTS · NY

    Directly controlled by HWZOA

  • CHARITABLE REMAINDER UNITRUSTS (14)

    Trust · INVESTMENTS · NY

    Directly controlled by HWZOA

  • POOLED INCOME FUND (3)

    Trust · INVESTMENTS · NY

    Directly controlled by HWZOA

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349309051

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