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Nonprofiteer
← SHOLOM FOUNDATION

Form 990 for tax year 2024

Filed by SHOLOM FOUNDATION.

Totals

Total revenue
$5,691,045
Total expenses
$4,137,056
Contributions and grants received
$1,473,010
Grants paid
$3,155,864
Program service revenue
$0
Investment income
$4,296,521
Other revenue
-$78,486
Total assets, end of year
$46,844,110
Total liabilities, end of year
$263,503
Net assets or fund balances, end of year
$46,580,607
Program services expenses (Part IX)
$3,155,864
Management and general expenses
$245,135
Fundraising expenses
$736,057
Program service expenses (Part III)
$3,155,864

Program services were 76.3% 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.

  • 1c · Fundraising events

    $217,221

  • 1f · All other contributions, gifts and grants

    $1,255,789

  • 1g · Noncash contributions included above

    $52,438

  • 3 · Investment income

    total $776,986 · unrelated business -$34,696 · excluded $811,682

  • 7a · Gross sales of assets other than inventory

    securities $16,561,314

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

    securities $13,041,779

  • 7c · Gain or loss

    securities $3,519,535

  • 7d · Net gain or loss

    total $3,519,535 · excluded $3,519,535

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $217,221

  • 8b · Fundraising events: direct expenses

    $78,486

  • 8c · Net income from fundraising events

    total -$78,486 · excluded -$78,486

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,155,864 · program services $3,155,864

  • 5 · Compensation of officers, directors and key employees

    total $252,853 · fundraising $252,853

  • 7 · Other salaries and wages

    total $216,273 · management and general $42,613 · fundraising $173,660

  • 8 · Pension plan contributions

    total $10,739 · management and general $1,086 · fundraising $9,653

  • 9 · Other employee benefits

    total $30,820 · management and general $6,583 · fundraising $24,237

  • 10 · Payroll taxes

    total $40,546 · management and general $4,099 · fundraising $36,447

  • 11b · Fees: legal

    total $5,271 · management and general $5,271

  • 11c · Fees: accounting

    total $41,787 · management and general $41,787

  • 11f · Fees: investment management

    total $138,856 · management and general $138,856

  • 11g · Fees: other

    total $30,196 · management and general $1,235 · fundraising $28,961

  • 12 · Advertising and promotion

    total $61,957 · fundraising $61,957

  • 13 · Office expenses

    total $14,731 · management and general $1,937 · fundraising $12,794

  • 14 · Information technology

    total $14,763 · fundraising $14,763

  • 17 · Travel

    total $10,758 · fundraising $10,758

  • 19 · Conferences, conventions and meetings

    total $16,938 · fundraising $16,938

  • 23 · Insurance

    total $77,999 · fundraising $77,999

  • 24a · Other expenses: DONOR RECOGNITION

    total $9,483 · fundraising $9,483

  • 24b · Other expenses: STAFF TRAINING

    total $3,084 · fundraising $3,084

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $2,042 · fundraising $2,042

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $1,668 · management and general $1,668

  • 24e · All other expenses

    total $428 · fundraising $428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,305 · end of year $161,446

  • 2 · Savings and temporary cash investments

    beginning of year $107,395 · end of year $106,857

  • 3 · Pledges and grants receivable

    beginning of year $803,940 · end of year $570,034

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,696 · end of year $34,875

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

    $132,115

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

    $132,115

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $42,943,903 · end of year $45,516,358

  • 12 · Investments: other securities

    beginning of year $92,460 · end of year $101,250

  • 15 · Other assets

    beginning of year $295,534 · end of year $353,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,342 · end of year $55,888

  • 25 · Other liabilities

    beginning of year $186,071 · end of year $207,615

  • 27 · Net assets without donor restrictions

    beginning of year $713,455 · end of year $102,965

  • 28 · Net assets with donor restrictions

    beginning of year $43,384,365 · end of year $46,477,642

Mission and programs · 2024

Mission

SHOLOM FOUNDATION'S SOLE MISSION IS TO RAISE SUFFICIENT ENDOWMENT AND ANNUAL FUNDS TO GENERATE FINANCIAL SUPPORT FOR SHOLOM SERVICES AND FACILITIES; AND, TO PROMOTE EXCELLENCE IN CARE TO THOSE SERVED BY SHOLOM FOR GENERATIONS TO COME.

Activities or mission (Part I)

SUPPORT AND PROMOTE EXCELLENCE IN SERVICE TO THE ELDERLY COMMUNITY.

  • SUPPORT PROVIDED TO ENHANCE THE FACILITIES AND PROGRAMMING OF SHOLOM COMMUNITY ALLIANCE AND ITS AFFILIATES (COLLECTIVELY SCA). SCA PROVIDES SHORT AND LONG-TERM NURSING HOME CARE, ASSISTED LIVING, HOUSING (MARKET RATE AND HUD-ASSISTED), AND COMMUNITY-BASED SERVICES, INCLUDING HOME CARE AND HOSPICE PRIMARILY TO THE ELDERLY OF THE TWIN CITIES METROPOLITAN AREA.

    Expenses $3,155,864 · Grants $3,155,864

As filed on the 2024 return.

Listed in Part VII

  • LISA FURMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEBRA A GOLDENBERG

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ETTA BARRY

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1

  • JAYE SNYDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SCHECHTER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES SELCER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA SHAPIRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID NIRENSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAY D GOLDBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF GETZKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA LERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LLOYD STERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK FREEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT GUTTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BLUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SAXON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MORTON A NAIMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP M JAFFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENEE LAMPERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ROBERT I KARON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT J HARTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHERYL RUTZICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STANFORD BARATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN C SCHACHTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN H GOTTLIEB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS SHERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHARON LAZARUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAMMI LAZARUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLEN FREEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANN MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJIE KAPLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANA COHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL MANDEL

    EXECUTIVE DIRECTOR

    Total calculated
    $260,541
    From this org
    $218,762
    From related orgs
    $0
    Other
    $41,779
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,762
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $41,779
    Filer's total
    $260,541

  • NOAH GERDING

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $109,888
    From this org
    $109,546
    From related orgs
    $0
    Other
    $342
    Hours/week
    40

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 · Compensation committee
  • 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

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 August 2026
IRS schema version
2024v5.5
Source object
202642229349300419

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