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← JEWISH COMMUNITY FOUNDATION OF SOUTHERN ARIZONA

Form 990 for tax year 2023

Filed by JEWISH COMMUNITY FOUNDATION OF SOUTHERN ARIZONA.

Totals

Total revenue
$10,195,518
Total expenses
$18,239,677
Contributions and grants received
$5,740,104
Grants paid
$16,618,767
Program service revenue
$275,721
Investment income
$3,739,021
Other revenue
$440,672
Total assets, end of year
$154,434,650
Total liabilities, end of year
$44,598,574
Net assets or fund balances, end of year
$109,836,076
Program services expenses (Part IX)
$17,406,235
Management and general expenses
$727,146
Fundraising expenses
$106,296
Program service expenses (Part III)
$17,406,235

Program services were 95.4% 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

    $68,074

  • 1f · All other contributions, gifts and grants

    $5,672,030

  • 1g · Noncash contributions included above

    $963,635

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $275,721 · related or exempt $275,721

  • 3 · Investment income

    total $2,762,110 · excluded $2,762,110

  • 7a · Gross sales of assets other than inventory

    securities $9,002,819

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

    securities $8,025,908

  • 7c · Gain or loss

    securities $976,911

  • 7d · Net gain or loss

    total $976,911 · excluded $976,911

  • 11a · Other revenue: PARTNERSHIP DISTRIBUTIONS

    total $409,114 · excluded $409,114

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $31,558 · excluded $31,558

  • 11e · Other revenue, total

    $440,672

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,618,767 · program services $16,618,767

  • 11a · Fees: management

    total $887,005 · program services $567,683 · management and general $232,839 · fundraising $86,483

  • 11b · Fees: legal

    total $2,221 · management and general $2,221

  • 11c · Fees: accounting

    total $31,325 · management and general $31,325

  • 11f · Fees: investment management

    total $396,987 · management and general $396,987

  • 11g · Fees: other

    total $135,593 · program services $112,287 · management and general $17,008 · fundraising $6,298

  • 12 · Advertising and promotion

    total $10,318 · program services $10,318

  • 13 · Office expenses

    total $14,362 · program services $9,193 · management and general $3,769 · fundraising $1,400

  • 14 · Information technology

    total $54,780 · program services $35,059 · management and general $14,380 · fundraising $5,341

  • 16 · Occupancy

    total $30,577 · program services $12,875 · management and general $15,719 · fundraising $1,983

  • 17 · Travel

    total $4,740 · program services $3,034 · management and general $1,244 · fundraising $462

  • 22 · Depreciation, depletion and amortization

    total $16,900 · program services $10,816 · management and general $4,436 · fundraising $1,648

  • 23 · Insurance

    total $24,384 · program services $15,606 · management and general $6,401 · fundraising $2,377

  • 24a · Other expenses: LIFE INSURANCE POLICIES

    total $7,591 · program services $7,591

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,113 · program services $1,992 · management and general $817 · fundraising $304

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $1,014 · program services $1,014

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,253,571 · end of year $873,076

  • 2 · Savings and temporary cash investments

    beginning of year $27,116,752 · end of year $18,187,821

  • 7 · Other notes and loans receivable

    beginning of year $75,000 · end of year $75,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,399 · end of year $43,205

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

    $136,909

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

    $86,209

  • 10c · Land, buildings and equipment, net

    beginning of year $74,944 · end of year $50,700

  • 11 · Investments: publicly traded securities

    beginning of year $76,739,831 · end of year $86,343,065

  • 12 · Investments: other securities

    beginning of year $30,930,841 · end of year $32,634,090

  • 15 · Other assets

    beginning of year $16,829,467 · end of year $16,227,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $132,710 · end of year $237,763

  • 18 · Grants payable

    beginning of year $932,490 · end of year $1,350,834

  • 25 · Other liabilities

    beginning of year $39,858,233 · end of year $43,009,977

  • 27 · Net assets without donor restrictions

    beginning of year $98,087,988 · end of year $94,306,586

  • 28 · Net assets with donor restrictions

    beginning of year $15,056,384 · end of year $15,529,490

Mission and programs · 2023

Mission

JEWISH PHILANTHROPIES OF SOUTHERN ARIZONA (JPSA) IS COMMITTED TO ACHIEVING THE FULL POTENTIAL OF JEWISH PHILANTHROPY, NOW AND FOR FUTURE GENERATIONS. COMPRISED OF JEWISH FEDERATION OF SOUTHERN ARIZONA (JFSA OR FEDERATION) AND JEWISH COMMUNITY FOUNDATION (JCF), JPSA PROVIDES PLANNING, VISION, PROGRAMMING, AND FUNDING TO ADDRESS COMMUNITY-WIDE PRIORITIES INCLUDING JEWISH ENGAGEMENT, EDUCATION, OUTREACH, SECURITY, AND ADVOCACY. JCF PARTNERS WITH DONORS AND NON-PROFIT ORGANIZATIONS TO ACHIEVE THEIR PHILANTHROPIC GOALS. FUND HOLDERS BENEFIT FROM JCF'S PROFESSIONAL SERVICES INCLUDING FUND INVESTMENT, MANAGEMENT, REPORTING, GRANTING, AND FIELD OF INTEREST RESEARCH. JCF WORKS WITH INDIVIDUAL DONORS, OFTEN IN COLLABORATION WITH THEIR PROFESSIONAL ADVISORS, TO DEVELOP LEGACY PLANS TO FUND ENDOWMENTS THROUGH TESTAMENTARY PROVISIONS THROUGH THEIR WILLS, TRUSTS, LIFE INSURANCE POLICIES, AND OTHER ESTATE VEHICLES. JCF MANAGES ENDOWMENTS, DONOR ADVISED FUNDS, ORGANIZATION ENDOWMENTS, CUSTODIAL FUNDS,

  • JCF'S DONOR-FOCUSED TEAM OF PROFESSIONALS PROVIDES A PERSONALIZED APPROACH AND A VARIETY OF OPTIONS FOR CHARITABLE AND PLANNED GIVING. AS A TRUSTED PARTNER, JCF PROVIDES EXPERT GUIDANCE, EDUCATION, REPORTING, AND FUND MANAGEMENT FOR INDIVIDUALS AND ORGANIZATIONS. IN 2023, JCF GRANTED AND DISTRIBUTED MILLIONS OF DOLLARS THROUGH DONOR ADVISED FUNDS, INDIVIDUAL ENDOWMENT FUNDS, AND ORGANIZATION FUNDS. AND DONORS AND ORGANIZATIONS ENTRUSTED JCF WITH MILLIONS OF DOLLARS IN NEW CONTRIBUTIONS. JCF MADE DISTRIBUTIONS TO MORE THAN 500 CHARITABLE ORGANIZATIONS THAT PROVIDE ESSENTIAL RESOURCES AND SERVICES SUCH AS TRANSPORTATION FOR AGING ADULTS, FOOD ASSISTANCE, ENGAGEMENT PROGRAMMING, JEWISH COMMUNITY SECURITY, EMERGENCY FINANCIAL ASSISTANCE, JEWISH EDUCATION, COUNSELING, AND MORE. THIS FUNDING SUPPORTS 501 (C)(3) AGENCIES AND ORGANIZATIONS IN SOUTHERN ARIZONA, THE UNITED STATES, AND AROUND THE WORLD. IN ADDITION TO PROVIDING FUNDING TO CHARITABLE ORGANIZATIONS, JCF PARTNERS WITH NONPROFITS TO ELEVATE AND EXPAND THEIR IMPACT. IN 2023, JCF HELPED TO STEWARD THE ENDOWMENT AND CUSTODIAL FUNDS OF DOZENS OF LOCAL NONPROFIT ORGANIZATIONS - BOTH JEWISH AND NON-JEWISH. TOGETHER THESE ORGANIZATION FUNDS, ALONG WITH SUPPORT FROM INDIVIDUAL DONOR ADVISED AND ENDOWMENT FUNDS HELD AT JCF, ENABLE CHARITABLE ASSETS TO GROW TO MEET CURRENT AND FUTURE NEEDS.

    Expenses $17,406,235 · Grants $16,618,767 · Revenue $275,721

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emily Richman

    INTERIM CEO

    Total calculated
    $223,262
    From this org
    $0
    From related orgs
    $193,841
    Other
    $29,421
    Hours/week
    19 + 19 related

    Schedule J breakdown matched by us

    Base
    not reported + $193,841 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,421 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $223,262 related

  • Kimberly Driskell

    CFO

    Total calculated
    $168,076
    From this org
    $0
    From related orgs
    $148,004
    Other
    $20,072
    Hours/week
    19 + 19 related

    Schedule J breakdown matched by us

    Base
    not reported + $148,004 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $20,072 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $168,076 related

  • Jane Espinoza

    VP OF FUND S

    Total calculated
    $157,718
    From this org
    $0
    From related orgs
    $136,543
    Other
    $21,175
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    not reported + $136,543 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $21,175 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $157,718 related

  • Hava Leipzig Holzhauer

    CEO

    Total calculated
    $14,423
    From this org
    $0
    From related orgs
    $14,423
    Other
    $0
    Hours/week
    19 + 19 related

  • Jeff Artzi

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Bruce Ash

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alec Berens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Comrie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elizabeth Friman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Danny Gasch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Leah Geistfeld

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Adam Goldstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ron Grant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Liz Kantor Groskind

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Anne Hameroff

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Jeff Jacobson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan Jacobson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Emily Lazarus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lisa Lovallo

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Steven Rosenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Isaac Rothschild

    ASST SEC/TRE

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Aaron Rottenstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeremy Sharpe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott Sheftel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ben Silverman

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sarah Singer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • JCF TUCSON HOLDINGS LLC

    RE HOLDING · AZ · income $53,406 · assets $1,238,678

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202443129349300149

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