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← JEWISH FOUNDATION OF MEMPHIS

Form 990 for tax year 2023

Filed by JEWISH FOUNDATION OF MEMPHIS.

Totals

Total revenue
$16,429,527
Total expenses
$15,237,930
Contributions and grants received
$13,669,512
Grants paid
$14,270,300
Program service revenue
$0
Investment income
$2,313,942
Other revenue
$446,073
Total assets, end of year
$100,733,725
Total liabilities, end of year
$30,297,409
Net assets or fund balances, end of year
$70,436,316
Program services expenses (Part IX)
$14,588,956
Management and general expenses
$263,058
Fundraising expenses
$385,916
Program service expenses (Part III)
$14,588,956

Program services were 95.7% 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

    $13,669,512

  • 1g · Noncash contributions included above

    $5,681,878

  • 3 · Investment income

    total $1,776,482 · excluded $1,776,482

  • 7a · Gross sales of assets other than inventory

    securities $537,460

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

    securities $0

  • 7c · Gain or loss

    securities $537,460

  • 7d · Net gain or loss

    total $537,460 · related or exempt $537,460

  • 11a · Other revenue: MANAGEMENT FEE INCOME

    total $241,361 · related or exempt $241,361

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $120,225 · related or exempt $120,225

  • 11c · Other revenue: SPONSORSHIP INCOME

    total $84,487 · related or exempt $84,487

  • 11e · Other revenue, total

    $446,073

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,270,300 · program services $14,270,300

  • 11a · Fees: management

    total $857,591 · program services $214,398 · management and general $257,277 · fundraising $385,916

  • 11f · Fees: investment management

    total $103,508 · program services $103,508

  • 11g · Fees: other

    total $3,380 · management and general $3,380

  • 19 · Conferences, conventions and meetings

    total $750 · program services $750

  • 22 · Depreciation, depletion and amortization

    total $1,988 · management and general $1,988

  • 24a · Other expenses: MISCELLANEOUS

    total $413 · management and general $413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $807 · end of year $807

  • 2 · Savings and temporary cash investments

    beginning of year $2,128,931 · end of year $173,170

  • 4 · Accounts receivable

    beginning of year $1,480,441 · end of year $186,250

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

    $147,923

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

    $103,359

  • 10c · Land, buildings and equipment, net

    beginning of year $46,551 · end of year $44,564

  • 11 · Investments: publicly traded securities

    beginning of year $79,216,624 · end of year $98,327,361

  • 12 · Investments: other securities

    beginning of year $1,916,814 · end of year $2,001,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,874

  • 18 · Grants payable

    beginning of year $50,634

  • 21 · Escrow or custodial account liability

    beginning of year $17,502,819 · end of year $30,297,409

  • 27 · Net assets without donor restrictions

    beginning of year $67,192,841 · end of year $70,436,316

Mission and programs · 2023

Mission

THE MISSION OF THE JEWISH FOUNDATION OF MEMPHIS IS TO ENCOURAGE CHARITABLE GIVING, SUPPORT PARTNER AGENCY ENDOWMENT DEVELOPMENT AND TO BUILD AND SUSTAIN A VIRBANT JEWISH COMMUNITY.

Activities or mission (Part I)

SEE SCHEDULE O

  • ALLOCATIONS TO MEMBER ORGANIZATIONS, ALL OF WHICH ARE QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

    Expenses $14,588,956 · Grants $14,270,300 · Revenue $983,533

As filed on the 2023 return.

Listed in Part VII

  • Laura Linder

    PRESIDENT/CEO

    Total calculated
    $250,775
    From this org
    $0
    From related orgs
    $250,775
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,775 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $250,775 related

  • Jason Salomon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pace Cooper

    SECRETARY/CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Lawson Arney

    VICE CHAIR FINANCE

    Total calculated
    $0
    Hours/week
    1

  • Elkan Scheidt

    VICE CHAIR INVESTMENT

    Total calculated
    $0
    Hours/week
    1

  • Laurie Meskin

    CHAIR APPOINTEE

    Total calculated
    $0
    Hours/week
    1

  • Aileen Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Fogelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elliot Kiersky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reed Landau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Lazarov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Rotter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 III - OTHER ADDITIONAL INFORMATION
COMPENSATION WAS DETERMINED BY A 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

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.

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.

  • JEWISH COMMUNITY PARTNERS INC

    C · MANAGEMENT · TN

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349316557

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