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Nonprofiteer
← MINNESOTA JEWISH COMMUNITY CENTER FOUNDATION

Form 990 for tax year 2023

Filed by MINNESOTA JEWISH COMMUNITY CENTER FOUNDATION.

Totals

Total revenue
$2,799,586
Total expenses
$2,072,844
Contributions and grants received
$62,874
Grants paid
$1,020,357
Program service revenue
$0
Investment income
$545,151
Other revenue
$2,191,561
Total assets, end of year
$39,029,300
Total liabilities, end of year
$132,458
Net assets or fund balances, end of year
$38,896,842
Program services expenses (Part IX)
$1,430,441
Management and general expenses
$628,262
Fundraising expenses
$14,141
Program service expenses (Part III)
$1,430,441

Program services were 69.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFF TANE

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PHYLLIS KARASOV

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LENNIE KAUFMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • NORMAN ABRAMSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MELANIE BROIDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY FUSHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON GRAIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MEEROVICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADAM STERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL WALDMAN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $354,200
    From this org
    $0
    From related orgs
    $295,379
    Other
    $58,821
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,379 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,258 related
    Nontaxable benefits
    $0 + $47,563 related
    Filer's total
    $0 + $354,200 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)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY MINNESOTA JEWISH COMMUNITY CENTER, THE SOLE MEMBER OF MINNESOTA JEWISH COMMUNITY CENTER FOUNDATION. THE FOLLOWING WERE USED BY MINNESOTA JEWISH COMMUNITY CENTER IN DETERMINING THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. WRITTEN EMPLOYMENT CONTRACT 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

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
5 August 2024
IRS schema version
2023v5.1
Source object
202402189349300640

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