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Nonprofiteer
← DAVID AND INEZ MYERS FOUNDATION

Form 990 for tax year 2022

Filed by DAVID AND INEZ MYERS FOUNDATION.

Totals

Total revenue
$11,920,401
Total expenses
$14,958,272
Contributions and grants received
$0
Grants paid
$14,310,775
Program service revenue
$0
Investment income
$11,920,401
Other revenue
$0
Total assets, end of year
$207,354,695
Total liabilities, end of year
$16,501,076
Net assets or fund balances, end of year
$190,853,619
Program services expenses (Part IX)
$14,326,816
Management and general expenses
$631,456
Fundraising expenses
$0
Program service expenses (Part III)
$14,326,816

Program services were 95.8% 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.

  • 3 · Investment income

    total $2,425,620 · unrelated business $65,510 · excluded $2,360,110

  • 7a · Gross sales of assets other than inventory

    securities $11,936,278 · other assets $4,018,800

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

    securities $6,460,297 · other assets $0

  • 7c · Gain or loss

    securities $5,475,981 · other assets $4,018,800

  • 7d · Net gain or loss

    total $9,494,781 · unrelated business $143,958 · excluded $9,350,823

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,092,775 · program services $13,092,775

  • 3 · Grants to foreign organizations and individuals

    total $1,218,000 · program services $1,218,000

  • 11c · Fees: accounting

    total $7,340 · management and general $7,340

  • 11f · Fees: investment management

    total $404,850 · management and general $404,850

  • 13 · Office expenses

    total $3,000 · management and general $3,000

  • 17 · Travel

    total $16,041 · program services $16,041

  • 24a · Other expenses: INVEST & ADMIN FEES JFC

    total $173,401 · management and general $173,401

  • 24b · Other expenses: FILING FEES & TAXES

    total $26,757 · management and general $26,757

  • 24c · Other expenses: BANK FEES

    total $16,060 · management and general $16,060

  • 24d · Other expenses: DELIVERY/SHIPPING EXP

    total $48 · management and general $48

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,852,653 · end of year $4,624,662

  • 4 · Accounts receivable

    beginning of year $343,372 · end of year $289,330

  • 7 · Other notes and loans receivable

    beginning of year $1 · end of year $1

  • 11 · Investments: publicly traded securities

    beginning of year $68,510,816 · end of year $51,924,539

  • 12 · Investments: other securities

    beginning of year $170,787,478 · end of year $150,516,163

  • 17 · Accounts payable and accrued expenses

    end of year $6,040

  • 18 · Grants payable

    beginning of year $12,248,426 · end of year $16,495,036

  • 27 · Net assets without donor restrictions

    beginning of year $238,245,894 · end of year $190,853,619

Mission and programs · 2022

Mission

FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")

Activities or mission (Part I)

FURTHER THE CHARITABLE, EDUC.& RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")

  • GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND INCLUDING GRANT PROGRAM DESIGN, OVERSIGHT AND EXECUTION.

    Expenses $14,326,816 · Grants $14,310,775

As filed on the 2022 return.

Listed in Part VII

  • Erika Rudin-Luria

    TRUSTEE/SECRETARY

    Total calculated
    $553,567
    From this org
    $0
    From related orgs
    $499,276
    Other
    $54,291
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,994 related
    Bonus
    $0
    Other
    $0 + $14,282 related
    Deferred
    $0 + $15,092 related
    Nontaxable benefits
    $0 + $39,199 related
    Filer's total
    $0 + $553,567 related

  • Leslie D Dunn

    TRUSTEE/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.2 related

  • Renee Chelm

    TRUSTEE/VP

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • Harley L Gross

    TRUSTEE/VP

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • S Lee Kohrman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • Bruce H Goodman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Caryn Wolf Wechsler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Bruce Kohrman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Charles Horowitz Ratner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • Barry Reis

    TREASURER THRU 12/15/2022

    Total calculated
    $310,107
    From this org
    $0
    From related orgs
    $269,777
    Other
    $40,330
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,819 related
    Bonus
    $0
    Other
    $0 + $12,958 related
    Deferred
    $0 + $9,204 related
    Nontaxable benefits
    $0 + $31,126 related
    Filer's total
    $0 + $310,107 related

  • Kari Blumenthal

    ASST TREASURER

    Total calculated
    $166,588
    From this org
    $0
    From related orgs
    $141,856
    Other
    $24,732
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,445 related
    Bonus
    $0
    Other
    $0 + $411 related
    Deferred
    $0 + $7,357 related
    Nontaxable benefits
    $0 + $17,375 related
    Filer's total
    $0 + $166,588 related

  • Shelley Fishbach

    ASST SECRETARY THRU 8/4/2022

    Total calculated
    $53,035
    From this org
    $0
    From related orgs
    $25,441
    Other
    $27,594
    Hours/week
    0.2 + 40 related

  • Amy Saltzman Barasch

    ASST SECRETARY ELCTD 12/15/2022

    Total calculated
    $17,815
    From this org
    $0
    From related orgs
    $15,671
    Other
    $2,144
    Hours/week
    0.2

  • Mozelle Jackson

    AST TRS 6/9-12/15/22;TRS ELC12/15/22

    Total calculated
    $255,134
    From this org
    $0
    From related orgs
    $231,844
    Other
    $23,290
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,889 related
    Bonus
    $0
    Other
    $0 + $955 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,290 related
    Filer's total
    $0 + $255,134 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)

SCH J, PART I, LINE 3
THE COMPENSATION REPORTED ON SCHEDULE J IS PAID BY THE JEWISH FEDERATION OF CLEVELAND, THE SUPPORTED ORGANIZATION.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CLEVELAND FEDERATION PE I LLC

    (D) REV EXCLUDED · INVESTMENTS · OH · 15% owned · share of income $524,648 · share of assets $3,476,009

    Directly controlled by JEWISH FEDERATION OF CLEVELAND

  • CLEVELAND FEDERATION PE II LLC

    (D) REV EXCLUDED · INVESTMENTS · OH · 12.5% owned · share of income $123,045 · share of assets $2,557,901

    Directly controlled by JEWISH FEDERATION OF CLEVELAND

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349310274

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

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