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Nonprofiteer
← ASSOCIATED JEWISH CHARITIES OF BALTIMORE

Form 990 for tax year 2022

Filed by ASSOCIATED JEWISH CHARITIES OF BALTIMORE.

Totals

Total revenue
$35,305,995
Total expenses
$45,366,489
Contributions and grants received
$30,744,217
Grants paid
$39,597,499
Program service revenue
$0
Investment income
$4,553,760
Other revenue
$8,018
Total assets, end of year
$400,228,577
Total liabilities, end of year
$7,346,397
Net assets or fund balances, end of year
$392,882,180
Program services expenses (Part IX)
$45,027,545
Management and general expenses
$176,852
Fundraising expenses
$162,092
Program service expenses (Part III)
$45,027,545

Program services were 99.3% 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

    $5,833,647

  • 1f · All other contributions, gifts and grants

    $24,910,570

  • 1g · Noncash contributions included above

    $9,676,748

  • 3 · Investment income

    total $4,293,839 · excluded $4,293,839

  • 7a · Gross sales of assets other than inventory

    other assets $259,921

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

    other assets $0

  • 7c · Gain or loss

    other assets $259,921

  • 7d · Net gain or loss

    total $259,921 · excluded $259,921

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,018 · excluded $8,018

  • 11e · Other revenue, total

    $8,018

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,597,499 · program services $39,597,499

  • 11a · Fees: management

    total $8,352 · management and general $8,352

  • 11b · Fees: legal

    total $2,608 · management and general $2,608

  • 11f · Fees: investment management

    total $2,159,415 · program services $2,159,415

  • 11g · Fees: other

    total $205,277 · program services $155,518 · management and general $13,384 · fundraising $36,375

  • 13 · Office expenses

    total $582 · program services $582

  • 16 · Occupancy

    total $364,848 · program services $276,409 · management and general $23,788 · fundraising $64,651

  • 20 · Interest

    total $291,406 · program services $220,769 · management and general $19,000 · fundraising $51,637

  • 22 · Depreciation, depletion and amortization

    total $2,577,042 · program services $2,577,042

  • 23 · Insurance

    total $31,286 · program services $23,702 · management and general $2,040 · fundraising $5,544

  • 24a · Other expenses: MISCELLANEOUS

    total $128,174 · program services $16,609 · management and general $107,680 · fundraising $3,885

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $625,402 · end of year $407,915

  • 3 · Pledges and grants receivable

    beginning of year $10,497,062 · end of year $8,574,447

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,756 · end of year $27,586

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

    $94,985,418

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

    $54,485,883

  • 10c · Land, buildings and equipment, net

    beginning of year $41,533,192 · end of year $40,499,535

  • 11 · Investments: publicly traded securities

    beginning of year $11,398,992 · end of year $11,131,339

  • 12 · Investments: other securities

    beginning of year $332,006,919 · end of year $336,829,791

  • 15 · Other assets

    beginning of year $2,575,472 · end of year $2,757,964

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,460 · end of year $249,511

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,445,000 · end of year $6,505,000

  • 24 · Unsecured notes and loans payable

    beginning of year $25,000

  • 25 · Other liabilities

    beginning of year $155,293 · end of year $591,886

  • 27 · Net assets without donor restrictions

    beginning of year $297,976,648 · end of year $296,566,290

  • 28 · Net assets with donor restrictions

    beginning of year $92,930,394 · end of year $96,315,890

Mission and programs · 2022

Mission

THE ASSOCIATED JEWISH CHARITIES OF BALTIMORE WAS ESTABLISHED TO FULFILL THE MISSION OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE, WHICH WORKS TO PRESERVE AND ENHANCE JEWISH LIFE.(CONTINED ON SCHEDULE O)IT ADDRESSES CHARITABLE, EDUCATIONAL, RELIGIOUS, HUMANITARIAN, HEALTH, CULTURAL AND SOCIAL SERVICE NEEDS OF THE JEWISH COMMUNITY LOCALLY, NATIONALLY, IN ISRAEL AND THROUGHOUT THE WORLD.

Activities or mission (Part I)

HOLDING TITLE TO & INVESTING THE ASSETS OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE.

  • THE AJC OPERATES AN INVESTMENT PROGRAM FOR THE ASSOCIATED: JCFB, ITS AGENCIES, SUPPORTING FOUNDATIONS, DONOR ADVISED FUNDS, AND OTHER TAX-EXEMPT PUBLIC ORGANIZATIONS THAT ARE CONNECTED WITH THE WORK OF THE ASSOCIATED. THE INVESTMENT PROGRAM IS MANAGED BY PROFESSIONAL STAFF EMPLOYED BY THE ASSOCIATED AND IS OVERSEEN BY AN INVESTMENT COMMITTEE PROCESS INVOLVING OVER 45 VOLUNTEERS WITH INVESTMENT AND BUSINESS EXPERTISE. THE ASSETS INVESTED IN THIS PROGRAM ARE CRITICAL TO THE SUCCESS OF THE OVERALL JEWISH COMMUNITY WITH DISTRIBUTIONS THEREFROM MOSTLY SUPPORTING THE OVERALL BALTIMORE AND LARGER JEWISH COMMUNITY TAX EXEMPT PUBLIC ORGANIZATIONS. THE FEES GENERATED FROM THIS ACTIVITY COVERS ALL RELATED COSTS OF OPERATING THIS CRITICAL PROGRAM.

    Expenses $41,488,694 · Grants $39,597,499

  • THE AJC OWNS AND MANAGES THE REAL ESTATE PROPERTY THAT THE ASSOCIATED AND ITS AGENCIES OPERATES FROM. THE AJC IS RESPONSIBLE FOR ALL TYPICAL LANDLORD COSTS OF MAINTAINING THESE PROPERTIES AND CHARGES BOTH SECURITY AND RENT TO THE TENANTS OF THESE PROPERTIES.

    Expenses $3,538,851

  • PLANNED GIVING ASSETS: THE AJC MANAGES THE ASSETS OF THE PLANNED GIVING PROGRAM OF THE ASSOCIATED. THESE INCLUDE CHARITABLE REMAINDER TRUSTS IN WHICH THE AJC OR THE ASSOCIATED HAVE BEEN DESIGNATED CORPORATE TRUSTEE, CHARITABLE GIFT ANNUITIES, POOLED INCOME FUNDS AND LIFE INSURANCE POLICIES OWNED BY THE AJC AND/OR THE ASSOCIATED.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marc B Terrill

    SECRETARY & EXECUTIVE DIRECTOR

    Total calculated
    $872,421
    From this org
    $0
    From related orgs
    $841,681
    Other
    $30,740
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $766,681 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $11,529 related
    Nontaxable benefits
    $0 + $19,211 related
    Filer's total
    $0 + $872,421 related

  • Josh Fidler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Ira Malis

    FIRST VP & CHAIR INVESTMENT OVERSIGHT

    Total calculated
    $0
    Hours/week
    5.5

  • Howard K Cohen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Pj Pearlstone

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Yehunda Neuberger

    CHAIR, THE ASSOCIATED

    Total calculated
    $0
    Hours/week
    1.5 + 4 related

  • Philip Sachs

    CHAIR, AUDIT & LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 3 related

  • Marilyn Carp

    CHAIR, ADMINISTRATION

    Total calculated
    $0
    Hours/week
    1.5

  • Elise Morris

    VICE CHAIR, ADMINISTRATION

    Total calculated
    $0
    Hours/week
    1.5

  • Kim Golden

    VICE CHAIR, INVESTMENT OVERSIGHT

    Total calculated
    $0
    Hours/week
    1.5

  • Max Thanhouser

    VICE CHAIR, INVESTMENT OVERSIGHT

    Total calculated
    $0
    Hours/week
    1.5

  • Mark Renbaum

    CO-CHAIR, REAL ESTATE

    Total calculated
    $0
    Hours/week
    1.5

  • Lynn B Sassin

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Robert Manekin

    CO-CHAIR, REAL ESTATE

    Total calculated
    $0
    Hours/week
    1.5

  • Laura Black

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Fader

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Suzy Katzenberg

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Jason Blavatt

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5 + 3 related

  • Jeffrey Rosen

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Becky Brenner

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Issac Pretter

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Karen Singer

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Sandi Moffet

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5 + 4 related

  • Robert Pollokoff

    DIRECOTR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • Richard Davison

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jill Gansler

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • J Mark Schapiro

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jeffrey Scherr

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lawrence M Macks

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Robert B Bank

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Frederica K Saxon

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Nancy Hackerman

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Bruce Hoffberger

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Fritzi Hallock

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Beth Goldsmith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 4 related

  • John Davison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mark Smolarz

    COO/CFO

    Total calculated
    $272,264
    From this org
    $0
    From related orgs
    $245,949
    Other
    $26,315
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,949 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,863 related
    Nontaxable benefits
    $0 + $16,452 related
    Filer's total
    $0 + $272,264 related

  • Michael Friedman

    SR. VP PLANNED GIVING & ENDOWMENT

    Total calculated
    $264,972
    From this org
    $0
    From related orgs
    $253,852
    Other
    $11,120
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,852 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,045 related
    Nontaxable benefits
    $0 + $1,075 related
    Filer's total
    $0 + $264,972 related

  • Michael Dye

    VP, INVESTMENTS

    Total calculated
    $246,647
    From this org
    $0
    From related orgs
    $218,310
    Other
    $28,337
    Hours/week
    31 + 9 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,310 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $9,126 related
    Nontaxable benefits
    $0 + $19,211 related
    Filer's total
    $0 + $246,647 related

  • Connie Stern

    VP, FINANCE

    Total calculated
    $181,415
    From this org
    $0
    From related orgs
    $155,692
    Other
    $25,723
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,692 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,699 related
    Nontaxable benefits
    $0 + $19,024 related
    Filer's total
    $0 + $181,415 related

  • Benjamin Gershowitz

    VP, FACILITIES

    Total calculated
    $149,467
    From this org
    $0
    From related orgs
    $136,646
    Other
    $12,821
    Hours/week
    8 + 32 related

  • Carole Taylor

    SENIOR VP, TECHNOLOGY & OPERATIONS

    Total calculated
    $194,070
    From this org
    $0
    From related orgs
    $176,378
    Other
    $17,692
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,063 related
    Nontaxable benefits
    $0 + $10,629 related
    Filer's total
    $0 + $194,070 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

  • 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
A RELATED ORGANIZATION, THE ASSOCIATED, 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 EXECUTIVE DIRECTOR COMPENSATION.
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 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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • JEWISH COMMUNITY INVESTMENT FUND

    EXCLUDED · INVESTMENT · MD · 52.13% owned · share of assets $253,956,276

    Directly controlled by ASSOCIATED JEWISH CHARITIES OF BALTIMORE

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202441309349300244

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