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Nonprofiteer
← JEWISH COMMUNAL FUND

Form 990 for tax year 2023

Filed by JEWISH COMMUNAL FUND.

Totals

Total revenue
$1,135,661,152
Total expenses
$1,045,177,065
Contributions and grants received
$876,323,994
Grants paid
$1,025,868,525
Program service revenue
$0
Investment income
$263,618,876
Other revenue
-$4,281,718
Total assets, end of year
$2,952,652,104
Total liabilities, end of year
$55,197,679
Net assets or fund balances, end of year
$2,897,454,425
Program services expenses (Part IX)
$1,027,275,718
Management and general expenses
$15,942,515
Fundraising expenses
$1,958,832
Program service expenses (Part III)
$1,027,275,718

Program services were 98.3% 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

    $18,730

  • 1f · All other contributions, gifts and grants

    $876,305,264

  • 1g · Noncash contributions included above

    $264,678,928

  • 3 · Investment income

    total $45,925,623 · excluded $45,925,623

  • 7a · Gross sales of assets other than inventory

    securities $12,429,502,374

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

    securities $12,211,809,121

  • 7c · Gain or loss

    securities $217,693,253

  • 7d · Net gain or loss

    total $217,693,253 · excluded $217,693,253

  • 11a · Other revenue: K-1 PASS-THROUGH LOSS

    total -$4,281,718 · unrelated business -$4,281,718

  • 11e · Other revenue, total

    -$4,281,718

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $962,312,133 · program services $962,312,133

  • 3 · Grants to foreign organizations and individuals

    total $63,556,392 · program services $63,556,392

  • 5 · Compensation of officers, directors and key employees

    total $1,724,825 · program services $449,681 · management and general $886,294 · fundraising $388,850

  • 7 · Other salaries and wages

    total $1,967,740 · program services $413,321 · management and general $1,043,848 · fundraising $510,571

  • 8 · Pension plan contributions

    total $206,893 · program services $43,944 · management and general $112,529 · fundraising $50,420

  • 9 · Other employee benefits

    total $564,905 · program services $119,933 · management and general $307,288 · fundraising $137,684

  • 10 · Payroll taxes

    total $374,543 · program services $79,553 · management and general $203,714 · fundraising $91,276

  • 11b · Fees: legal

    total $221,239 · management and general $221,239

  • 11c · Fees: accounting

    total $137,950 · management and general $137,950

  • 11f · Fees: investment management

    total $11,363,982 · management and general $11,363,982

  • 11g · Fees: other

    total $364,418 · management and general $364,418

  • 12 · Advertising and promotion

    total $483,370 · fundraising $483,370

  • 13 · Office expenses

    total $93,975 · program services $27,441 · management and general $43,416 · fundraising $23,118

  • 14 · Information technology

    total $478,777 · management and general $478,777

  • 16 · Occupancy

    total $605,069 · program services $176,680 · management and general $279,542 · fundraising $148,847

  • 19 · Conferences, conventions and meetings

    total $82,397 · program services $12,965 · management and general $20,512 · fundraising $48,920

  • 22 · Depreciation, depletion and amortization

    total $121,307 · program services $35,421 · management and general $56,043 · fundraising $29,843

  • 23 · Insurance

    total $114,630 · program services $33,472 · management and general $52,959 · fundraising $28,199

  • 24a · Other expenses: FEDERAL AND STATE TAXES

    total $227,719 · management and general $227,719

  • 24b · Other expenses: BANKING AND CREDIT CARD

    total $119,704 · management and general $119,704

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $55,097 · program services $14,782 · management and general $22,581 · fundraising $17,734

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $111,480,270 · end of year $55,771,747

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

    $357,119

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

    $357,119

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,080,610,797 · end of year $2,237,910,851

  • 12 · Investments: other securities

    beginning of year $678,882,600 · end of year $646,329,125

  • 15 · Other assets

    beginning of year $29,570,837 · end of year $12,640,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,197,609 · end of year $1,094,894

  • 18 · Grants payable

    beginning of year $89,747,446 · end of year $0

  • 25 · Other liabilities

    beginning of year $68,703,466 · end of year $54,102,785

  • 27 · Net assets without donor restrictions

    beginning of year $2,740,895,983 · end of year $2,897,454,425

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO FACILITATE AND PROMOTE PHILANTHROPY THROUGH DONOR ADVISED FUNDS.

  • JCF'S PRIMARY RESPONSIBILITY IS TO SERVE DONORS WHO HAVE ENTRUSTED IT WITH THEIR CHARITABLE DOLLARS. JCF TAKES THIS RESPONSIBILITY VERY SERIOUSLY AND IS COMMITTED TO TREATING ITS DONORS WITH THE UTMOST INTEGRITY AND RESPECT. JCF HANDLES ALL THE ADMINISTRATIVE RESPONSIBILITIES FOR EACH DONOR-ADVISED FUND AND PROVIDES DONORS WITH REGULAR REPORTS ON CONTRIBUTIONS, GRANTS, INVESTMENT INCOME, FUND BALANCE AND ALL OTHER ACTIVITY RELATED TO THE FUND. SEE SCHEDULE O FOR CONTINUATION.

    Expenses $1,027,275,718 · Grants $1,025,868,525

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

Listed in Part VII

  • ELISIA ABRAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ZOE BERNSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL B BLASER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • WILL BRESSMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RICHARD CHERA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEE M COHEN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SUZIE DAVIDOWITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARTINE FLEISHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CLIFF GREENBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ALAN S HALPERIN ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELLEN HORING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL KALNICKI

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • URI KAUFTHAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JERRY KESTENBAUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HOLLY NEWMAN KROFT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANDREA MARKEZIN-PRESS

    CHAIR, EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • LINDA MIRELS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • BARRY MOSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TRICIA PANTZER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DAVID SABLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL SIEGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEULA SOLOMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MICHAEL L STERN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • LAURIE TISCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARC UTAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • SPENCER WAXMAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • AARON ZISES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RACHEL SCHNOLL

    EXECUTIVE VP AND CEO

    Total calculated
    $713,224
    From this org
    $641,375
    From related orgs
    $0
    Other
    $71,849
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $491,375
    Bonus
    $150,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $49,349
    Filer's total
    $713,224

  • MARINA LEWIN

    SENIOR VP AND COO

    Total calculated
    $474,749
    From this org
    $393,457
    From related orgs
    $0
    Other
    $81,292
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $357,457
    Bonus
    $36,000
    Other
    $0
    Deferred
    $45,375
    Nontaxable benefits
    $35,917
    Filer's total
    $474,749

  • ELLEN SMITH ISRAELSON

    VP, MRKTING & B. DEV THROUGH 3/29/24

    Total calculated
    $368,381
    From this org
    $310,853
    From related orgs
    $0
    Other
    $57,528
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $295,853
    Bonus
    $15,000
    Other
    $0
    Deferred
    $23,586
    Nontaxable benefits
    $33,942
    Filer's total
    $368,381

  • ELIZABETH HEALY

    VP AND CONTROLLER THROUGH 12/31/23

    Total calculated
    $270,145
    From this org
    $251,348
    From related orgs
    $0
    Other
    $18,797
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $251,348
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,797
    Filer's total
    $270,145

  • MELANIE MARCHFELD

    VP GRANTS ADMINISTRATION

    Total calculated
    $306,213
    From this org
    $240,528
    From related orgs
    $0
    Other
    $65,685
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $220,528
    Bonus
    $20,000
    Other
    $0
    Deferred
    $18,612
    Nontaxable benefits
    $47,073
    Filer's total
    $306,213

  • ASHLEY CLEMENTE

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $351,193
    From this org
    $306,131
    From related orgs
    $0
    Other
    $45,062
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $276,131
    Bonus
    $30,000
    Other
    $0
    Deferred
    $14,038
    Nontaxable benefits
    $31,024
    Filer's total
    $351,193

  • MICHELLE LEBOWITS

    SR DIR, BUSIN DEV & CLIENT

    Total calculated
    $297,011
    From this org
    $232,040
    From related orgs
    $0
    Other
    $64,971
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $222,040
    Bonus
    $10,000
    Other
    $0
    Deferred
    $17,898
    Nontaxable benefits
    $47,073
    Filer's total
    $297,011

  • IGOR MUSAYEV

    ASS. DIRECTOR, FIN/INV SVC

    Total calculated
    $247,657
    From this org
    $214,679
    From related orgs
    $0
    Other
    $32,978
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,679
    Bonus
    $15,000
    Other
    $0
    Deferred
    $15,798
    Nontaxable benefits
    $17,180
    Filer's total
    $247,657

  • TAMAR SNYDER

    SR. DIR, MRKT/COMM. THROUGH 10/12/23

    Total calculated
    $208,841
    From this org
    $169,576
    From related orgs
    $0
    Other
    $39,265
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $164,576
    Bonus
    $5,000
    Other
    $0
    Deferred
    $15,687
    Nontaxable benefits
    $23,578
    Filer's total
    $208,841

  • RACHEL REDLICH

    CONTROLLER

    Total calculated
    $183,036
    From this org
    $126,732
    From related orgs
    $0
    Other
    $56,304
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $121,732
    Bonus
    $5,000
    Other
    $0
    Deferred
    $9,418
    Nontaxable benefits
    $46,886
    Filer's total
    $183,036

  • SUSAN F DICKMAN

    FORMER EXEC VP & CEO THROUGH 6/30/22

    Total calculated
    $477,000
    From this org
    $477,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $477,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $477,000

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THIS IS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR THE EXECUTIVE VICE PRESIDENT/CEO AND THE SENIOR VICE PRESIDENT/COO. CONTRIBUTIONS TO THE PLAN MADE BY JCF DURING THE CALENDAR YEAR 2023 TOTALED $45,000.
PART I, LINE 7
THE COMPENSATION COMMITTEE, EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES APPROVED NONFIXED PAYMENTS FOR SEVERAL EMPLOYEES DURING CALENDAR YEAR 2023.
SCHEDULE J, PART II, LINE 2, COLUMN B(II)
THIS AMOUNT REPRESENTS THE FINAL PAYMENT OF A RECOGNITION BONUS FOR THE FORMER EXECUTIVE VP AND CEO, WHICH WAS APPROVED AND ACCRUED IN FISCAL-YEAR 2022 AND WAS REFLECTED IN THAT RETURN AS DEFERRED COMPENSATION.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202500369349300210

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