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Nonprofiteer
← GERSON G AND SANDY F EISENBERG FOUNDATION INC

Form 990 for tax year 2023

Filed by GERSON G AND SANDY F EISENBERG FOUNDATION INC.

Totals

Total revenue
$36,299
Total expenses
$143,970
Contributions and grants received
$0
Grants paid
$130,800
Program service revenue
$0
Investment income
$36,299
Other revenue
$0
Total assets, end of year
$2,366,063
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,366,063
Program services expenses (Part IX)
$130,800
Management and general expenses
$13,170
Fundraising expenses
$0
Program service expenses (Part III)
$130,800

Program services were 90.9% 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 $33,524 · excluded $33,524

  • 7a · Gross sales of assets other than inventory

    securities $2,775

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

    securities $0

  • 7c · Gain or loss

    securities $2,775

  • 7d · Net gain or loss

    total $2,775 · excluded $2,775

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,800 · program services $130,800

  • 11f · Fees: investment management

    total $13,170 · management and general $13,170

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $2,280,349 · end of year $2,366,063

  • 27 · Net assets without donor restrictions

    beginning of year $2,280,349 · end of year $2,366,063

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED.

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

    Expenses $130,800 · Grants $130,800

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

Listed in Part VII

  • MARC B TERRILL

    PRESIDENT & PUBLIC DIRECTO

    Total calculated
    $887,930
    From this org
    $0
    From related orgs
    $843,795
    Other
    $44,135
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $732,733 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $36,062 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $30,935 related
    Filer's total
    $0 + $887,930 related

  • LAUREN KLEIN

    ASSISTANT SECRETARY

    Total calculated
    $120,721
    From this org
    $0
    From related orgs
    $115,395
    Other
    $5,326
    Hours/week
    0.15 + 40 related

  • ALVIN D KATZ

    VICE PRESIDENT & PUBLIC DI

    Total calculated
    $0
    Hours/week
    0.15

  • MORRIS L GARTEN

    TREASURER & PUBLIC DIRECTO

    Total calculated
    $0
    Hours/week
    0.15

  • MARK D NEUMANN

    SECRETARY & PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • LINDA A HURWITZ

    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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: 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.
PART I, LINE 4B
MARC TERRILL PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THERE WERE NO AMOUNTS VESTED OR RECEIVED FROM THE PLAN DURING THE TAX YEAR. MARC TERRILL HAS A CONTRACT EXECUTED ON JULY 1, 2020. THE TERMS AND CONDITIONS OF THE DEFERRED COMPENSATION PLAN ARE OUTLINED IN THE CONTRACT.
PART II, COLUMN A
THE DIRECTORS OF THE GERSON G. AND SANDY F. EISENBERG CHARITABLE FOUNDATION, INC. RECEIVE NO COMPENSATION FOR THEIR SERVICES, HOWEVER, TWO OF THE DIRECTORS/OFFICERS 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
5 April 2024
IRS schema version
2023v5.0
Source object
202441009349301404

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