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Nonprofiteer
← SEDER FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by SEDER FAMILY FOUNDATION.

Totals

Total revenue
$28,561
Total expenses
$479,318
Contributions and grants received
$95,461
Grants paid
$452,900
Program services expenses (Part IX)
$452,900
Management and general expenses
$26,418
Fundraising expenses
$0
Program service expenses (Part III)
$452,900

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAY TCATH

    SECRETARY

    Total calculated
    $609,128
    From this org
    $0
    From related orgs
    $465,590
    Other
    $143,538
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,455 related
    Bonus
    $0
    Other
    $0 + $111,135 related
    Deferred
    $0 + $128,007 related
    Nontaxable benefits
    $0 + $16,308 related
    Filer's total
    $0 + $609,905 related

  • DAVID S ROSEN

    TREASURER

    Total calculated
    $524,437
    From this org
    $0
    From related orgs
    $444,304
    Other
    $80,133
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,723 related
    Bonus
    $0
    Other
    $0 + $35,581 related
    Deferred
    $0 + $61,139 related
    Nontaxable benefits
    $0 + $19,770 related
    Filer's total
    $0 + $525,213 related

  • ILANA SEDER ROSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • TERI BARNETT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • ZOE SEDER BRESNAHAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • JAMES A PINKSTON

    ASSISTANT TREASURER

    Total calculated
    $352,592
    From this org
    $0
    From related orgs
    $304,536
    Other
    $48,056
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,374 related
    Bonus
    $0
    Other
    $0 + $162 related
    Deferred
    $0 + $29,062 related
    Nontaxable benefits
    $0 + $19,977 related
    Filer's total
    $0 + $353,575 related

  • ERIC DEVIR

    ASSISTANT SECRETARY

    Total calculated
    $162,680
    From this org
    $0
    From related orgs
    $136,039
    Other
    $26,641
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,313 related
    Bonus
    $0
    Other
    $0 + $726 related
    Deferred
    $0 + $11,110 related
    Nontaxable benefits
    $0 + $16,014 related
    Filer's total
    $0 + $163,163 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 — 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 4B
DAVID ROSEN: THE JEWISH FEDERATION HAS AN AGREEMENT WITH DAVID ROSEN WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 PER YEAR THAT BEGAN IN 2018 AND WILL END IN 2028. IN 2017, THE JEWISH FEDERATION ENTERED INTO A SECOND AGREEMENT WITH DAVID ROSEN WHICH PROVIDES FOR ANNUAL PAYMENTS OF $25,000 THAT BEGAN IN 2022 AND WILL END IN 2032. IN TOTAL, DAVID ROSEN RECEIVED $50,000 OF DISTRIBUTIONS FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS IN 2023. JAY TCATH: JUF HAS AN AGREEMENT WITH JAY TCATH THAT PROVIDES FOR ANNUAL PAYMENTS OF $25,000 FOR 10 YEARS COMMENCING UPON HIS RETIREMENT FROM JUF OR IF HE IS NO LONGER EMPLOYED BY JUF, UPON REACHING AGE 64. IN JULY 2018, JUF ENTERED INTO A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH JAY TCATH THAT PROVIDED FOR A DEATH BENEFIT OF $625,000 IF HE MAINTAINED HIS EMPLOYMENT AT JUF THROUGH JULY 1, 2023. MR. TCATH VESTED IN THIS BENEFIT DURING 2023 AND OWNERSHIP OF THE LIFE INSURANCE POLICY WAS TRANSFERRED FROM JUF TO HIM THEREBY TERMINATING THE SPLIT DOLLAR LIFE INSURANCE AGREEMENT. IN CONNECTION WITH THIS, THE VALUE OF THE LIFE INSURANCE POLICY WAS INCLUDED IN HIS 2023 REPORTABLE COMPENSATION AND A GROSS UP PAYMENT WAS MADE TO MR. TCATH TO COVER HIS TAX LIABILITY. THE TOTAL TAXABLE AMOUNT FROM THESE TRANSACTIONS WAS $108,045 AND IS INCLUDED IN MR. TCATH'S REPORTED COMPENSATION ON SCHEDULE J, PART II. JUF AND MR. TCATH ARE ALSO PARTIES TO AN ADDITIONAL AGREEMENT THAT PROVIDES FOR 15 ANNUAL PAYMENTS OF APPROXIMATELY $33,000 BEGINNING IN 2024 AND ENDING IN 2038.

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
24 April 2025
IRS schema version
2023v6.0
Source object
202521189349300322

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