Form 990 for tax year 2022
Filed by RAYMOND & GERTRUDE R SALTZMAN FOUNDATION.
Totals
- Total revenue
- $3,580,029
- Total expenses
- $3,310,831
- Contributions and grants received
- $0
- Grants paid
- $2,876,246
- Program service revenue
- $0
- Investment income
- $3,579,954
- Other revenue
- $75
- Total assets, end of year
- $95,963,009
- Total liabilities, end of year
- $831,336
- Net assets or fund balances, end of year
- $95,131,673
- Program services expenses (Part IX)
- $3,072,641
- Management and general expenses
- $238,190
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,072,641
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 $2,961,884 · excluded $2,961,884
-
7a · Gross sales of assets other than inventory
securities $7,672,608
-
7b · Less cost or other basis and sales expenses
securities $7,054,538
-
7c · Gain or loss
securities $618,070
-
7d · Net gain or loss
total $618,070 · excluded $618,070
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $75 · related or exempt $75
-
11e · Other revenue, total
$75
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,876,246 · program services $2,876,246
-
5 · Compensation of officers, directors and key employees
total $125,000 · program services $125,000
-
7 · Other salaries and wages
total $43,620 · management and general $43,620
-
8 · Pension plan contributions
total $3,413 · program services $2,530 · management and general $883
-
10 · Payroll taxes
total $13,488 · program services $9,999 · management and general $3,489
-
11f · Fees: investment management
total $154,655 · management and general $154,655
-
13 · Office expenses
total $17,412 · program services $12,907 · management and general $4,505
-
16 · Occupancy
total $22,937 · program services $17,003 · management and general $5,934
-
17 · Travel
total $2,900 · program services $2,150 · management and general $750
-
19 · Conferences, conventions and meetings
total $2,687 · program services $1,992 · management and general $695
-
23 · Insurance
total $27,939 · program services $20,712 · management and general $7,227
-
24a · Other expenses: PROFESSIONAL FEES
total $15,000 · management and general $15,000
-
24b · Other expenses: TELEPHONE
total $3,616 · program services $2,681 · management and general $935
-
24c · Other expenses: UTILITIES
total $1,475 · program services $1,093 · management and general $382
-
24d · Other expenses: MISCELLANEOUS
total $443 · program services $328 · management and general $115
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $620,514 · end of year $231,109
-
7 · Other notes and loans receivable
beginning of year $1,626,092 · end of year $1,686,507
-
9 · Prepaid expenses and deferred charges
beginning of year $20,644 · end of year $24,698
-
10a · Land, buildings and equipment: cost or other basis
$46,865
-
10b · Land, buildings and equipment: accumulated depreciation
$46,865
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $108,246,285 · end of year $94,012,525
-
15 · Other assets
beginning of year $1,234 · end of year $8,170
-
17 · Accounts payable and accrued expenses
beginning of year $361,494 · end of year $356,688
-
18 · Grants payable
beginning of year $427,302 · end of year $467,670
-
25 · Other liabilities
beginning of year $0 · end of year $6,978
-
27 · Net assets without donor restrictions
beginning of year $109,725,973 · end of year $95,131,673
Mission and programs · 2022
Mission
Withheld by Nonprofiteer: this text may name a private individual.
Activities or mission (Part I)
THE FOUNDATION PROVIDES CHARITABLE GRANTS IN ACCORDANCE WITH ITS MISSION AND GUIDELINES.
-
THE FOUNDATION HAS BEEN ESTABLISHED FOR CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES AS A SUPPORTING ORGANIZATION TO THE JEWISH FEDERATION OF SOUTHERN NEW JERSEY
Expenses $3,072,641 · Grants $2,876,246 · Revenue $75
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Arthur AbramowitzARTHUR ABRAMOWITZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 7
-
Harvey ShapiroHARVEY SHAPIRO
TREASURER
- Total calculated
- $0
- Hours/week
- 7
-
Jeff GottliebJEFF GOTTLIEB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andi LevinANDI LEVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Betty AdlerBETTY ADLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Glenn FuhrmanGLENN FUHRMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 7
-
David ButlerDAVID BUTLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Richard GoldsteinRICHARD GOLDSTEIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Vicki ZellVICKI ZELL
SECRETARY AND EXECUTIVE DIRECTOR
- Total calculated
- $128,941
- From this org
- $125,000
- From related orgs
- $0
- Other
- $3,941
- Hours/week
- 27
-
Robert SchwartzROBERT SCHWARTZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
JEWISH FEDERATION OF SOUTHERN NEW JERSEY
$2,381,811
GENERAL SUPPORT
-
$230,200
GENERAL SUPPORT
-
$230,000
GENERAL SUPPORT
-
$17,500
GENERAL SUPPORT
-
B'NAI B'RITH YOUTH ORGANIZATION
$11,735
GENERAL SUPPORT
-
$5,000
GENERAL SUPPORT
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.
-
JEWISH FEDERATION OF SOUTHERN NEW JERSEY
501(C)(3) · THE FOUNDATION IS AN AFFILIATED FOUNDATION TO JEWISH FEDERATION · NJ
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322999349300432
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