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 CuryJASON 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 GrussMARTIN GRUSS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.65
-
Mathew MarylesMATHEW MARYLES
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Lillian EismanLILLIAN EISMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Alisa DoctorffDR ALISA DOCTORFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric GoldsteinERIC GOLDSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Evelyn Gruss LipperDR EVELYN GRUSS LIPPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joshua GrussJOSHUA GRUSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bernard LatermanBERNARD LATERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott ShaySCOTT SHAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dorothy TananbaumDOROTHY TANANBAUM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy BressmanAMY BRESSMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Billie GoldBILLIE GOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarene ShanusSARENE SHANUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey SchoenfeldJEFFREY SCHOENFELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara NathanSARA 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
-
$677,971
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
$600,000
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
$395,000
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
$381,236
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
$284,725
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
BNOS BAIS YAAKOV OF FAR ROCKAWAY
$250,000
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
HEBREW ACADEMY OF NASSAU COUNTY
$151,700
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
$135,000
BUILDING RENO,LIFE INS, SCHOLARSHIPS
-
$125,000
BUILDING RENO,LIFE INS, SCHOLARSHIPS
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.
-
UJA-FEDERATION OF JEWISH PHILANTHROPIES
501(C)(3) · SEE PART VII · NY
Directly controlled by NA
-
501(C)(2) · TITLE HOLDING · NY
Directly controlled by SEE PART VII
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 April 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403179349304955
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