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← MADAV IX FOUNDATION

Form 990 for tax year 2024

Filed by MADAV IX FOUNDATION.

Totals

Total revenue
$1,861,931
Total expenses
$538,375
Contributions and grants received
$0
Grants paid
$521,400
Program service revenue
$0
Investment income
$1,853,417
Other revenue
$8,514
Total assets, end of year
$20,234,057
Total liabilities, end of year
$5,396,250
Net assets or fund balances, end of year
$14,837,807
Program services expenses (Part IX)
$521,400
Management and general expenses
$16,975
Fundraising expenses
$0
Program service expenses (Part III)
$521,400

Program services were 96.8% 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 $1,315,114 · excluded $1,315,114

  • 7a · Gross sales of assets other than inventory

    securities $4,516,942

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

    securities $3,978,639

  • 7c · Gain or loss

    securities $538,303

  • 7d · Net gain or loss

    total $538,303 · excluded $538,303

  • 11a · Other revenue: INC FROM PARTNERSHIPS

    total $8,500 · excluded $8,500

  • 11b · Other revenue: CLASS ACTION SETTLEMEN

    total $14 · excluded $14

  • 11e · Other revenue, total

    $8,514

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $521,400 · program services $521,400

  • 11g · Fees: other

    total $9,000 · management and general $9,000

  • 24a · Other expenses: INVEST & ADMIN FEES-FED

    total $7,500 · management and general $7,500

  • 24b · Other expenses: BANK FEES

    total $250 · management and general $250

  • 24c · Other expenses: FILING FEE/ST OF OHIO

    total $225 · management and general $225

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $46,983

  • 7 · Other notes and loans receivable

    beginning of year $400,000 · end of year $292,000

  • 11 · Investments: publicly traded securities

    beginning of year $14,488,986 · end of year $13,942,971

  • 12 · Investments: other securities

    beginning of year $3,936,013 · end of year $5,952,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,875

  • 18 · Grants payable

    beginning of year $506,450 · end of year $396,250

  • 24 · Unsecured notes and loans payable

    beginning of year $5,000,000 · end of year $5,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $13,316,674 · end of year $14,837,807

Mission and programs · 2024

Mission

FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION).

  • GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION).

    Expenses $521,400 · Grants $521,400

As filed on the 2024 return.

Listed in Part VII

  • ERIKA RUDIN-LURIA

    TRUSTEE; VICE PRES

    Total calculated
    $694,126
    From this org
    $0
    From related orgs
    $626,945
    Other
    $67,181
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $572,118 related
    Bonus
    $0
    Other
    $0 + $54,827 related
    Deferred
    $0 + $19,000 related
    Nontaxable benefits
    $0 + $48,181 related
    Filer's total
    $0 + $694,126 related

  • BARRY REIS

    TRUSTEE/TREASURER THRU 10/1/24

    Total calculated
    $144,758
    From this org
    $0
    From related orgs
    $120,599
    Other
    $24,159
    Hours/week
    0.3 + 2 related

  • GARY L GROSS

    TRUSTEE/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.8 related

  • KARI BLUMENTHAL

    ASST. TREASURER

    Total calculated
    $183,816
    From this org
    $0
    From related orgs
    $154,931
    Other
    $28,885
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,205 related
    Bonus
    $0
    Other
    $0 + $726 related
    Deferred
    $0 + $7,992 related
    Nontaxable benefits
    $0 + $20,893 related
    Filer's total
    $0 + $183,816 related

  • MATTHEW A KALIFF

    SECRETARY

    Total calculated
    $151,991
    From this org
    $0
    From related orgs
    $105,343
    Other
    $46,648
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $103,878 related
    Bonus
    $0
    Other
    $0 + $1,465 related
    Deferred
    $0 + $5,474 related
    Nontaxable benefits
    $0 + $41,174 related
    Filer's total
    $0 + $151,991 related

  • MINDEE FREDMAN

    ASST SECRETARY AS OF 10/1/24

    Total calculated
    $215,216
    From this org
    $0
    From related orgs
    $178,220
    Other
    $36,996
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,840 related
    Bonus
    $0
    Other
    $0 + $380 related
    Deferred
    $0 + $5,075 related
    Nontaxable benefits
    $0 + $31,921 related
    Filer's total
    $0 + $215,216 related

  • MOZELLE JACKSON

    TREASURER 10/1/24 THRU 3/24/25

    Total calculated
    $340,473
    From this org
    $0
    From related orgs
    $288,177
    Other
    $52,296
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,013 related
    Bonus
    $0
    Other
    $0 + $1,164 related
    Deferred
    $0 + $14,935 related
    Nontaxable benefits
    $0 + $37,361 related
    Filer's total
    $0 + $340,473 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)

SCH J, PART I, LINE 3
THE COMPENSATION REPORTED ON SCHEDULE J IS PAID BY THE JEWISH FEDERATION OF CLEVELAND, THE SUPPORTED ORGANIZATION

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
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349309981

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