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Nonprofiteer
← CAROLINE & JOSEPH S GRUSS LIFE MONUMENT FUNDS INC

Form 990 for tax year 2023

Filed by CAROLINE & JOSEPH S GRUSS LIFE MONUMENT FUNDS INC.

Totals

Total revenue
$1,887,456
Total expenses
$22,028,213
Contributions and grants received
$500
Grants paid
$19,859,099
Program service revenue
$0
Investment income
$1,388,287
Other revenue
$498,669
Total assets, end of year
$6,238,298
Total liabilities, end of year
$217,467
Net assets or fund balances, end of year
$6,020,831
Program services expenses (Part IX)
$20,503,088
Management and general expenses
$1,525,125
Fundraising expenses
$0
Program service expenses (Part III)
$20,503,088

Program services were 93.1% 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

    $500

  • 3 · Investment income

    total $1,388,287 · unrelated business $0 · excluded $1,388,287

  • 11a · Other revenue: MISCELLANEOUS

    total $31,587 · related or exempt $0 · unrelated business $0 · excluded $31,587

  • 11b · Other revenue: EMPLOYEE RETENTION CREDIT

    total $467,082 · related or exempt $0 · unrelated business $0 · excluded $467,082

  • 11e · Other revenue, total

    $498,669

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,859,099 · program services $19,859,099

  • 5 · Compensation of officers, directors and key employees

    total $704,396 · program services $211,319 · management and general $493,077 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $774,174 · program services $286,444 · management and general $487,730 · fundraising $0

  • 8 · Pension plan contributions

    total $23,278 · program services $8,613 · management and general $14,665 · fundraising $0

  • 9 · Other employee benefits

    total $120,558 · program services $44,607 · management and general $75,951 · fundraising $0

  • 10 · Payroll taxes

    total $45,520 · program services $16,805 · management and general $28,715 · fundraising $0

  • 11b · Fees: legal

    total $310,266 · program services $0 · management and general $310,266 · fundraising $0

  • 11f · Fees: investment management

    total $6,672 · program services $0 · management and general $6,672 · fundraising $0

  • 16 · Occupancy

    total $54,574 · program services $20,192 · management and general $34,382 · fundraising $0

  • 17 · Travel

    total $7,590 · program services $7,590 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $38,007 · program services $0 · management and general $38,007 · fundraising $0

  • 24a · Other expenses: TELECOMMUNICATIONS

    total $7,913 · program services $2,928 · management and general $4,985 · fundraising $0

  • 24b · Other expenses: POSTAGE & SHIPPING

    total $745 · program services $276 · management and general $469 · fundraising $0

  • 24c · Other expenses: MAINTENANCE & REPAIRS

    total $39,381 · program services $14,571 · management and general $24,810 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $7,460 · program services $2,760 · management and general $4,700 · fundraising $0

  • 24e · All other expenses

    total $28,580 · program services $27,884 · management and general $696 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $334,378

  • 2 · Savings and temporary cash investments

    beginning of year $279,774 · end of year $195,810

  • 4 · Accounts receivable

    end of year $272,634

  • 7 · Other notes and loans receivable

    beginning of year $179,322 · end of year $49,155

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

    $279,240

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

    $279,240

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $29,065,048 · end of year $5,303,827

  • 12 · Investments: other securities

    beginning of year $312,378 · end of year $189,349

  • 15 · Other assets

    beginning of year $612,746 · end of year $227,523

  • 17 · Accounts payable and accrued expenses

    beginning of year $337,678 · end of year $18,469

  • 18 · Grants payable

    beginning of year $4,250,210 · end of year $198,998

  • 19 · Deferred revenue

    beginning of year $207,665

  • 27 · Net assets without donor restrictions

    beginning of year -$13,045,583 · end of year -$16,212,845

  • 28 · Net assets with donor restrictions

    beginning of year $39,033,676 · end of year $22,233,676

Mission and programs · 2023

Mission

SUPPORT JEWISH EDUCATION

  • BUILDING RENOVATION-FUNDING FOR FIXING HAZARDOUS CONDITIONS IN JEWISH SCHOOLS LOCATED IN NEW YORK CITY AND NEIGHBORING WESTCHESTER, NASSAU AND SUFFOLK COUNTIES. THE PROGRAM ACCEPTED OVER 45 APPLICATIONS SUBMITTED.

    Expenses $630,175 · Grants $611,820

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,568,913 · Grants $2,447,279

  • MEDICAL PENSION AND LIFE INSURANCE BENEFIT PROGRAM-PROVIDE SUPPLEMENTAL HEALTH, LIFE INSURANCE AND PENSION PREMIUMS OF CAREER EDUCATORS AT JEWISH DAY SCHOOLS IN THE NEW YORK METROPOLITAN AREA. 1,957 EDUCATORS RECEIVED MEDICAL BENEFITS AND 1,153 RECEIVED PENSION BENEFITS FROM THIS PROGRAM. IN EXCESS OF 6,600 EDUCATORS RECEIVED LIFE INSURANCE BENEFITS.

    Expenses $17,304,000 · Grants $16,800,000

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Jason Cury

    PRESIDENT

    Total calculated
    $752,173
    From this org
    $704,396
    From related orgs
    $0
    Other
    $47,777
    Hours/week
    28

    Schedule J breakdown matched by us

    Base
    $704,396
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $34,577
    Filer's total
    $752,173
  • Martin Gruss

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.65
  • Mathew Maryles

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Lillian Eisman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Alisa Doctorff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Eric Goldstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Evelyn Gruss Lipper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Joshua Gruss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Bernard Laterman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Scott Shay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dorothy Tananbaum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Amy Bressman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Billie Gold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sarene Shanus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jeffrey Schoenfeld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sara Nathan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

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.

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
2023
Filed
3 April 2024
IRS schema version
2023v5.1
Source object
202403179349304955

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