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Nonprofiteer
← OPALINE FUND

Form 990 for tax year 2024

Filed by OPALINE FUND.

Totals

Total revenue
$40,559
Total expenses
$35,055
Contributions and grants received
$38,000
Grants paid
$15,000
Program service revenue
$0
Investment income
$2,559
Other revenue
$0
Total assets, end of year
$424,430
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$424,430
Program services expenses (Part IX)
$15,000
Management and general expenses
$20,055
Fundraising expenses
$0
Program service expenses (Part III)
$15,000

Program services were 42.8% 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

    $38,000

  • 3 · Investment income

    total $3,633 · excluded $3,633

  • 7a · Gross sales of assets other than inventory

    securities $23,200

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

    securities $24,274

  • 7c · Gain or loss

    securities -$1,074

  • 7d · Net gain or loss

    total -$1,074 · excluded -$1,074

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $20,000 · management and general $20,000

  • 24b · Other expenses: BANK CHARGES

    total $30 · management and general $30

  • 24c · Other expenses: FEES & LICENSING

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,468 · end of year $16,430

  • 4 · Accounts receivable

    beginning of year $6,000 · end of year $8,000

  • 7 · Other notes and loans receivable

    beginning of year $400,000 · end of year $400,000

  • 11 · Investments: publicly traded securities

    beginning of year $11,011 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $417,479 · end of year $424,430

Mission and programs · 2024

Mission

THE FOUNDATION OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR RELIGIOUS PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE JEWISH COMMUNITY FEDERATION OF SAN FRANCISCO, THE PENINSULA, MARIN AND SONOMA COUNTIES.

Activities or mission (Part I)

SUPPORTS CHARITABLE, EDUCATIONAL, & RELIGIOUS PURPOSES OF JEWISH COMM FEDERATION OF SF.

  • THE FOUNDATION MADE GRANTS IN SUPPORT OF THE CHARITABLE, EDUCATIONAL, SCIENTIFIC OR RELIGIOUS PURPOSES OF THE JEWISH COMMUNITY FEDERATION OF SAN FRANCISCO, THE PENINSULA, MARIN AND SONOMA COUNTIES.

    Expenses $15,000 · Grants $15,000

As filed on the 2024 return.

Listed in Part VII

  • JORIAN POLIS SCHUTZ

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BERNARD OSHER

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOY SISISKY

    TREASURER/ASST. SEC./DIREC

    Total calculated
    $772,970
    From this org
    $0
    From related orgs
    $716,370
    Other
    $56,600
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $577,700 related
    Bonus
    $0 + $137,500 related
    Other
    $0 + $1,170 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $35,250 related
    Filer's total
    $0 + $772,970 related

  • REBECCA RANDALL

    ASSISTANT TREASURER

    Total calculated
    $343,339
    From this org
    $0
    From related orgs
    $300,750
    Other
    $42,589
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,580 related
    Bonus
    $0
    Other
    $0 + $1,170 related
    Deferred
    $0 + $8,959 related
    Nontaxable benefits
    $0 + $33,630 related
    Filer's total
    $0 + $343,339 related

  • TANYA SHADOAN

    ASSISTANT TREASURER

    Total calculated
    $323,716
    From this org
    $0
    From related orgs
    $312,174
    Other
    $11,542
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,368 related
    Bonus
    $0
    Other
    $0 + $1,806 related
    Deferred
    $0 + $9,181 related
    Nontaxable benefits
    $0 + $2,361 related
    Filer's total
    $0 + $323,716 related

  • BRIAN MENDEL

    ASSISTANT TREASURER

    Total calculated
    $222,661
    From this org
    $0
    From related orgs
    $198,709
    Other
    $23,952
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,737 related
    Bonus
    $0
    Other
    $0 + $1,972 related
    Deferred
    $0 + $5,878 related
    Nontaxable benefits
    $0 + $18,074 related
    Filer's total
    $0 + $222,661 related

  • NICOLAS ELSISHANS

    ASSISTANT TREASURER (TO MAR 7)

    Total calculated
    $350,885
    From this org
    $0
    From related orgs
    $311,255
    Other
    $39,630
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,483 related
    Bonus
    $0
    Other
    $0 + $2,772 related
    Deferred
    $0 + $9,230 related
    Nontaxable benefits
    $0 + $30,400 related
    Filer's total
    $0 + $350,885 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)

PART I, LINE 3
THE ORGANIZATION DOES NOT HAVE EMPLOYEES AND DOES NOT COMPENSATE OFFICERS AND MEMBERS OF ITS BOARD. HOWEVER, CERTAIN OFFICERS AND/OR DIRECTORS ARE COMPENSATED BY A RELATED PARTY, THE JEWISH COMMUNITY FEDERATION OF SAN FRANCISCO, THE PENINSULA, MARIN AND SONOMA COUNTIES ('JCF'). JCF DOES A COMPENSATION SURVEY AND ANALYSIS FOR THE SENIOR LEVEL POSITIONS. JCF LOOKS AT COMPENSATION THAT IS EQUITABLE INTERNALLY AND EXTERNALLY FOR THESE POSITIONS. THE EXECUTIVE COMMITTEE OFFICERS APPROVE THE COMPENSATION FOR THE CEO. THERE IS A PERIODIC REVIEW OF ALL SALARIES FROM AN INDEPENDENT PROFESSIONAL COMPENSATION ORGANIZATION. THE REVIEW INCLUDES SIMILAR POSITIONS IN THE NON-PROFIT AND FOR-PROFIT SECTOR LOCALLY AND IS ADJUSTED NATIONALLY. THE COMPENSATION REVIEW ALSO ANALYZES COMPENSATION INFORMATION FROM OTHER FORM 990S FOR SIMILAR ORGANIZATION AS WELL AS MANY OTHER SOURCES OF COMPENSATION DATA.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202601279349304365

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