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Nonprofiteer
← DAVID AND INEZ MYERS FOUNDATION

Form 990 for tax year 2023

Filed by DAVID AND INEZ MYERS FOUNDATION.

Totals

Total revenue
$5,885,174
Total expenses
$8,374,686
Contributions and grants received
$0
Grants paid
$7,766,665
Program service revenue
$0
Investment income
$5,885,174
Other revenue
$0
Total assets, end of year
$226,056,383
Total liabilities, end of year
$14,021,470
Net assets or fund balances, end of year
$212,034,913
Program services expenses (Part IX)
$7,772,895
Management and general expenses
$601,791
Fundraising expenses
$0
Program service expenses (Part III)
$7,772,895

Program services were 92.8% 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 $2,514,043 · unrelated business -$50,900 · excluded $2,564,943

  • 7a · Gross sales of assets other than inventory

    securities $259,594 · other assets $8,111,551

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

    securities $0 · other assets $5,000,014

  • 7c · Gain or loss

    securities $259,594 · other assets $3,111,537

  • 7d · Net gain or loss

    total $3,371,131 · unrelated business $51,613 · excluded $3,319,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,538,665 · program services $7,538,665

  • 3 · Grants to foreign organizations and individuals

    total $228,000 · program services $228,000

  • 11b · Fees: legal

    total $2,168 · management and general $2,168

  • 11c · Fees: accounting

    total $8,350 · management and general $8,350

  • 11f · Fees: investment management

    total $321,990 · management and general $321,990

  • 17 · Travel

    total $2,125 · program services $2,125

  • 24a · Other expenses: INVEST & ADMIN FEES JFC

    total $170,000 · management and general $170,000

  • 24b · Other expenses: FILING FEES & TAXES

    total $81,049 · management and general $81,049

  • 24c · Other expenses: BANK FEES

    total $18,234 · management and general $18,234

  • 24d · Other expenses: MEETINGS/TRAINING

    total $4,105 · program services $4,105

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,624,662 · end of year $2,787,883

  • 4 · Accounts receivable

    beginning of year $289,330 · end of year $31,121

  • 7 · Other notes and loans receivable

    beginning of year $1 · end of year $1

  • 11 · Investments: publicly traded securities

    beginning of year $51,924,539 · end of year $63,085,999

  • 12 · Investments: other securities

    beginning of year $150,516,163 · end of year $160,151,379

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,040

  • 18 · Grants payable

    beginning of year $16,495,036 · end of year $14,021,470

  • 27 · Net assets without donor restrictions

    beginning of year $190,853,619 · end of year $212,034,913

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

FURTHER THE CHARITABLE, EDUC.& RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")

  • GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND INCLUDING GRANT PROGRAM DESIGN, OVERSIGHT AND EXECUTION.

    Expenses $7,772,895 · Grants $7,766,665

As filed on the 2023 return.

Listed in Part VII

  • ERIKA RUDIN-LURIA

    TRUSTEE/SECRETARY

    Total calculated
    $584,231
    From this org
    $0
    From related orgs
    $524,828
    Other
    $59,403
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $509,690 related
    Bonus
    $0
    Other
    $0 + $15,138 related
    Deferred
    $0 + $15,948 related
    Nontaxable benefits
    $0 + $43,455 related
    Filer's total
    $0 + $584,231 related

  • MOZELLE JACKSON

    TREASURER

    Total calculated
    $322,324
    From this org
    $0
    From related orgs
    $263,260
    Other
    $59,064
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,125 related
    Bonus
    $0
    Other
    $0 + $1,135 related
    Deferred
    $0 + $14,030 related
    Nontaxable benefits
    $0 + $45,034 related
    Filer's total
    $0 + $322,324 related

  • KARI BLUMENTHAL

    ASST TREASURER

    Total calculated
    $178,611
    From this org
    $0
    From related orgs
    $151,885
    Other
    $26,726
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,324 related
    Bonus
    $0
    Other
    $0 + $561 related
    Deferred
    $0 + $7,741 related
    Nontaxable benefits
    $0 + $18,985 related
    Filer's total
    $0 + $178,611 related

  • AMY SALTZMAN BARASCH

    ASST SECRETARY

    Total calculated
    $104,968
    From this org
    $0
    From related orgs
    $84,295
    Other
    $20,673
    Hours/week
    0.2 + 40 related

  • HARLEY L GROSS

    TRUSTEE/PRES. AS OF & VP THRU 6/5/23

    Total calculated
    $0
    Hours/week
    0.3 + 0.7 related

  • LESLIE D DUNN

    TRUSTEE/PRESIDENT THRU 6/5/2023

    Total calculated
    $0
    Hours/week
    0.3 + 0.2 related

  • BRUCE KOHRMAN

    TRUSTEE/VP AS OF 6/5/2023

    Total calculated
    $0
    Hours/week
    0.3

  • RENEE CHELM

    TRUSTEE/VP

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • S LEE KOHRMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 2.6 related

  • BRUCE H GOODMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • CHARLES HOROWITZ RATNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • CARYN WOLF WECHSLER

    TRUSTEE THRU 11/6/2023

    Total calculated
    $0
    Hours/week
    0.1

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

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.

  • CLEVELAND FEDERATION PE I LLC

    (D) REV EXCLUDED · INVESTMENTS · OH · 15% owned · share of income $728,510 · share of assets $3,864,555

    Directly controlled by JEWISH FEDERATION OF CLEVELAND

  • CLEVELAND FEDERATION PE II LLC

    (D) REV EXCLUDED · INVESTMENTS · OH · 12.57% owned · share of income $11,176 · share of assets $4,271,747

    Directly controlled by JEWISH FEDERATION OF CLEVELAND

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349306909

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