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← JOAN G & JOSEPH KLEIN JR FOUNDATION INC

Form 990 for tax year 2023

Filed by JOAN G & JOSEPH KLEIN JR FOUNDATION INC.

Totals

Total revenue
$10,305
Total expenses
$44,948
Contributions and grants received
$0
Grants paid
$36,225
Program service revenue
$0
Investment income
$10,305
Other revenue
$0
Total assets, end of year
$647,601
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$647,601
Program services expenses (Part IX)
$36,225
Management and general expenses
$8,723
Fundraising expenses
$0
Program service expenses (Part III)
$36,225

Program services were 80.6% 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.

  • 3 · Investment income

    total $9,030 · excluded $9,030

  • 7a · Gross sales of assets other than inventory

    securities $2,871

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

    securities $1,596

  • 7c · Gain or loss

    securities $1,275

  • 7d · Net gain or loss

    total $1,275 · excluded $1,275

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,225 · program services $36,225

  • 11f · Fees: investment management

    total $6,223 · management and general $6,223

  • 23 · Insurance

    total $2,500 · management and general $2,500

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $630,673 · end of year $647,601

  • 27 · Net assets without donor restrictions

    beginning of year $630,673 · end of year $647,601

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED.

Activities or mission (Part I)

TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

  • PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

    Expenses $36,225 · Grants $36,225

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

Listed in Part VII

  • Michael I Friedman

    PRESIDENT AND PUBLIC DIRECTOR

    Total calculated
    $259,711
    From this org
    $0
    From related orgs
    $247,832
    Other
    $11,879
    Hours/week
    0.15 + 39.85 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,832 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,781 related
    Nontaxable benefits
    $0 + $2,098 related
    Filer's total
    $0 + $259,711 related

  • Lauren Klein

    PUBLIC DIRECTOR

    Total calculated
    $120,118
    From this org
    $0
    From related orgs
    $115,395
    Other
    $4,723
    Hours/week
    0.15 + 39.85 related

  • Joan G Klein

    VICE PRESIDENT AND DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Cynthia K Goldberg

    SECRETARY AND DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Joseph Klein III

    TREASURER

    Total calculated
    $0
    Hours/week
    0.15

  • Lynn Abeshouse

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

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:
A RELATED ORGANIZATION, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC., USES A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE ORGANIZATION'S PRESIDENT'S COMPENSATION.
SCHEUDLE J, PART II
THE DIRECTORS OF THE JOAN G. & JOSEPH KLEIN, JR. FOUNDATION, INC. RECEIVE NO COMPENSATION FOR THEIR SERVICES. HOWEVER, TWO OF THE DIRECTORS ARE EMPLOYED BY THE SUPPORTED ENTITY, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). ALL OF THE COMPENSATION AND BENEFITS ARE PAID BY THE ASSOCIATED; NONE OF IT IS ATTRIBUTABLE TO THE SERVICE AS A DIRECTOR AND/OR OFFICER OF THE FOUNDATION.

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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541349349304424

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