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Nonprofiteer
← JEWISH FOUNDATION FOR GROUP HOMESENDOWMENT INC

Form 990 for tax year 2023

Filed by JEWISH FOUNDATION FOR GROUP HOMESENDOWMENT INC.

Totals

Total revenue
$152,614
Total expenses
$180,140
Contributions and grants received
$0
Grants paid
$154,991
Program service revenue
$0
Investment income
$152,614
Other revenue
$0
Total assets, end of year
$19,092,324
Total liabilities, end of year
$15,960,344
Net assets or fund balances, end of year
$3,131,980
Program services expenses (Part IX)
$154,991
Management and general expenses
$25,149
Fundraising expenses
$0
Program service expenses (Part III)
$154,991

Program services were 86.0% 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 $62,651 · excluded $62,651

  • 7a · Gross sales of assets other than inventory

    securities $496,790

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

    securities $406,827

  • 7c · Gain or loss

    securities $89,963

  • 7d · Net gain or loss

    total $89,963 · excluded $89,963

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154,991 · program services $154,991

  • 11c · Fees: accounting

    total $6,746 · management and general $6,746

  • 11f · Fees: investment management

    total $18,403 · management and general $18,403

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,281,447 · end of year $196,218

  • 11 · Investments: publicly traded securities

    beginning of year $16,192,814 · end of year $18,278,519

  • 12 · Investments: other securities

    end of year $579,698

  • 15 · Other assets

    beginning of year $8,783 · end of year $37,889

  • 25 · Other liabilities

    beginning of year $14,603,065 · end of year $15,960,344

  • 28 · Net assets with donor restrictions

    beginning of year $2,879,979 · end of year $3,131,980

Mission and programs · 2023

Mission

TO RAISE AND STEWARD ENDOWMENT FUNDS FOR THE BENEFIT OF JEWISH FOUNDATION FOR GROUP HOMES, INC. (D.B.A. MAKOM).

Activities or mission (Part I)

TO RAISE AND STEWARD ENDOWMENT FUNDS FOR THE BENEFIT OF JFGH, INC. (D.B.A. MAKOM)

  • INVESTMENT: FOLLOWING THE INVESTMENT POLICY OF JFGH ENDOWMENT, INC. MAINTAIN AN INVESTMENT PORTFOLIO TO GENERATE EARNINGS SUFFICIENT TO SUPPORT AN ANNUAL SPENDING POLICY TO BENEFIT JEWISH FOUNDATION FOR GROUP HOMES, INC (D.B.A. MAKOM).

    Expenses $154,991 · Grants $154,991

As filed on the 2023 return.

Listed in Part VII

  • Dennis Speisman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Goldberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larry Paul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Reiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Rabin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ross Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stefan Tucker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Ervin

    MAKOM'S CEO

    Total calculated
    $311,074
    From this org
    $0
    From related orgs
    $261,571
    Other
    $49,503
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,574 related
    Bonus
    $0 + $9,997 related
    Other
    $0
    Deferred
    $0 + $21,316 related
    Nontaxable benefits
    $0 + $28,187 related
    Filer's total
    $0 + $311,074 related

  • Lewis Fontek

    MAKOM'S CDO

    Total calculated
    $183,149
    From this org
    $0
    From related orgs
    $165,964
    Other
    $17,185
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,780 related
    Bonus
    $0 + $3,184 related
    Other
    $0
    Deferred
    $0 + $1,909 related
    Nontaxable benefits
    $0 + $15,276 related
    Filer's total
    $0 + $183,149 related

  • Diane Rubinstein

    MAKOM'S CFO

    Total calculated
    $215,303
    From this org
    $0
    From related orgs
    $181,157
    Other
    $34,146
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,157 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,899 related
    Nontaxable benefits
    $0 + $13,247 related
    Filer's total
    $0 + $215,303 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 COMPENSATION COMMITTEE SHALL BE COMPRISED OF THE PRESIDENT AND AT LEAST FOUR OTHER PERSONS DESIGNATED BY THE EXECUTIVE COMMITTEE AND SHALL BE CHARGED WITH THE DUTIES OF PREPARING AN ANNUAL WRITTEN EVALUATION OF THE CEO, AND RECOMMENDING TO THE EXECUTIVE COMMITTEE THE TERMS OF COMPENSATION AND/OR THE RENEWAL OF THE CEO'S EMPLOYMENT. THIS PROCESS RECENTLY TOOK PLACE IN 2024.

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
3 March 2025
IRS schema version
2023v6.0
Source object
202500649349301100

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