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Nonprofiteer
← FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY.

Totals

Total revenue
$12,716,939
Total expenses
$10,473,916
Contributions and grants received
$10,652,543
Grants paid
$8,496,091
Program service revenue
$783,085
Investment income
$1,281,311
Other revenue
$0
Total assets, end of year
$206,962,336
Total liabilities, end of year
$2,553,533
Net assets or fund balances, end of year
$204,408,803
Program services expenses (Part IX)
$9,379,981
Management and general expenses
$1,016,602
Fundraising expenses
$77,333
Program service expenses (Part III)
$9,379,981

Program services were 89.6% 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.

  • 1d · Related organizations

    $8,871,030

  • 1f · All other contributions, gifts and grants

    $1,781,513

  • 1g · Noncash contributions included above

    $1,277,635

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $783,085 · related or exempt $783,085

  • 3 · Investment income

    total $511,128 · excluded $511,128

  • 7a · Gross sales of assets other than inventory

    securities $770,183

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

    securities $0

  • 7c · Gain or loss

    securities $770,183

  • 7d · Net gain or loss

    total $770,183 · excluded $770,183

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,496,091 · program services $8,496,091

  • 11c · Fees: accounting

    total $5,492 · program services $2,454 · management and general $2,823 · fundraising $215

  • 11f · Fees: investment management

    total $481,344 · program services $215,112 · management and general $247,411 · fundraising $18,821

  • 11g · Fees: other

    total $1,121,665 · program services $501,272 · management and general $576,536 · fundraising $43,857

  • 12 · Advertising and promotion

    total $9,152 · program services $4,090 · management and general $4,704 · fundraising $358

  • 13 · Office expenses

    total $204 · program services $91 · management and general $105 · fundraising $8

  • 17 · Travel

    total $499 · program services $223 · management and general $256 · fundraising $20

  • 18 · Travel or entertainment for public officials

    total $4,469 · program services $1,997 · management and general $2,297 · fundraising $175

  • 24a · Other expenses: ADMINISTRATIVE SUPPORT

    total $321,214 · program services $143,551 · management and general $165,104 · fundraising $12,559

  • 24b · Other expenses: DEVELOPMENT

    total $18,757 · program services $8,383 · management and general $9,641 · fundraising $733

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $926 · program services $414 · management and general $476 · fundraising $36

  • 24e · All other expenses

    total $14,103 · program services $6,303 · management and general $7,249 · fundraising $551

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,183,215 · end of year $3,667

  • 4 · Accounts receivable

    beginning of year $2,357,753 · end of year $829,672

  • 12 · Investments: other securities

    beginning of year $176,029,439 · end of year $206,030,388

  • 15 · Other assets

    beginning of year $94,130 · end of year $98,609

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,344 · end of year $100

  • 18 · Grants payable

    beginning of year $3,396,667 · end of year $2,553,433

  • 27 · Net assets without donor restrictions

    beginning of year $134,024,746 · end of year $158,356,668

  • 28 · Net assets with donor restrictions

    beginning of year $42,238,780 · end of year $46,052,135

Mission and programs · 2023

Mission

TO ADVANCE PHILANTHROPY THROUGH EDUCATION AND TO RAISE PERMANENT CHARITABLE RESOURCES TO IMPROVE AND STRENGTHEN THE QUALITY OF JEWISH LIFE.

Activities or mission (Part I)

THE ADMINISTRATION AND MAINTENANCE OF EXISTING ENDOWMENTS TO SUPPORT THE FUTURE OF CHARLOTTE'S JEWISH COMMUNITY AND ASSISTANCE IN THE DEVELOPMENT OF NEW ENDOWMENT OPPORTUNITIES.

  • RELIGION: DISTRIBUTED 351 GRANTS TO 39 ORGANIZATIONS TO SUPPORT JEWISH PROGRAMS AND SERVICES.

    Expenses $3,521,597 · Grants $3,174,448

  • EDUCATION: DISTRIBUTED 231 GRANTS TO 112 ORGANIZATIONS TO SUPPORT EDUCATION EFFORTS FROM PRESCHOOL TO HIGHER EDUCATION.

    Expenses $1,608,448 · Grants $1,449,892

  • HEALTH CARE: DISTRIBUTED 189 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT PROGRAMS IN HEALTH CARE, HOUSING & SHELTER, MENTAL HEALTH, AND GENERAL HUMAN SERVICES.

    Expenses $1,043,795 · Grants $940,901

  • DISBURSED GRANTS IN SUPPORT OF VARIOUS OTHER ORGANIZATIONS FOCUSED ON THE CAUSES OF HUMAN SERVICES, RECREATION & SPORTS, ARTS/CULTURE/HUMANITIES, PHILANTHROPY & GRANTMAKING, HOUSING/SHELTER, ANIMAL-RELATED, COMMUNITY IMPROVEMENT, VOLUNTARY HEALTH ASSOCIATIONS/MEDICAL DISCIPLINES, FOREIGN AFFAIRS/NATIONAL SECURITY, FOOD AGRICULTURE & NUTRITION, PUBLIC SAFETY DISASTER PREPARATION & RELIEF, YOUTH DEVELOPMENT, EMPLOYMENT, CIVIL RIGHTS, PUBLIC & SOCIAL BENEFIT, ENVIRONMENTAL, MENTAL HEALTH & CRISIS INTERVENTION, MEDICAL RESEARCH, MUTUAL & MEMBERSHIP BENEFIT, SOCIAL SCIENCE, CRIME & LEGAL-RELATED, AND SCIENCE & TECHNOLOGY.

    Expenses $3,206,141 · Grants $2,930,849 · Revenue $783,085

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas W Benson

    SENIOR VP, GENERAL COUNSEL

    Total calculated
    $422,326
    From this org
    $0
    From related orgs
    $375,935
    Other
    $46,391
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,558 related
    Bonus
    $0 + $127,150 related
    Other
    $0 + $1,227 related
    Deferred
    $0 + $34,680 related
    Nontaxable benefits
    $0 + $11,711 related
    Filer's total
    $0 + $422,326 related

  • Irs Slomka

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Jon Massachi

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • David Cantor

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Holly Levinson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Stephen Philipson

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Tom Bock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Fred Dumas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sharyn Handelsman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jonathan Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brian Kahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Elise Kosofsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mark Lerner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kevin Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Annie Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Harry Sparks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Gary Starr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Debra Van Glish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Alyssa Federico

    SENIOR VP, FINANCE

    Total calculated
    $384,568
    From this org
    $0
    From related orgs
    $337,555
    Other
    $47,013
    Hours/week
    0.3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,520 related
    Bonus
    $0 + $117,000 related
    Other
    $0 + $1,035 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $3,513 related
    Filer's total
    $0 + $384,568 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

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
13 November 2024
IRS schema version
2023v5.1
Source object
202433209349302478

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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