Skip to content
Nonprofiteer
← ASSOCIATED JEWISH CHARITIES OF BALTIMORE

Form 990 for tax year 2024

Filed by ASSOCIATED JEWISH CHARITIES OF BALTIMORE.

Totals

Total revenue
$37,709,886
Total expenses
$60,279,946
Contributions and grants received
$31,818,889
Grants paid
$53,951,211
Program service revenue
$0
Investment income
$5,887,518
Other revenue
$3,479
Total assets, end of year
$446,679,873
Total liabilities, end of year
$17,551,519
Net assets or fund balances, end of year
$429,128,354
Program services expenses (Part IX)
$57,780,914
Management and general expenses
$2,344,691
Fundraising expenses
$154,341
Program service expenses (Part III)
$57,780,914

Program services were 95.9% 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

    $3,260,000

  • 1e · Government grants (contributions)

    $225,000

  • 1f · All other contributions, gifts and grants

    $28,333,889

  • 1g · Noncash contributions included above

    $13,057,501

  • 3 · Investment income

    total $5,887,518 · unrelated business -$325,034 · excluded $6,212,552

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,479 · excluded $3,479

  • 11e · Other revenue, total

    $3,479

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,951,211 · program services $53,951,211

  • 11b · Fees: legal

    total $476 · management and general $476

  • 11c · Fees: accounting

    total $37,868 · management and general $37,868

  • 11f · Fees: investment management

    total $2,247,739 · management and general $2,247,739

  • 11g · Fees: other

    total $488,415 · program services $371,586 · management and general $30,526 · fundraising $86,303

  • 13 · Office expenses

    total $5,296 · management and general $5,296

  • 14 · Information technology

    total $746 · program services $567 · management and general $45 · fundraising $134

  • 16 · Occupancy

    total $135,217 · program services $102,765 · management and general $8,113 · fundraising $24,339

  • 20 · Interest

    total $213,250 · program services $162,070 · management and general $12,795 · fundraising $38,385

  • 22 · Depreciation, depletion and amortization

    total $3,170,413 · program services $3,170,413

  • 24e · All other expenses

    total $29,315 · program services $22,302 · management and general $1,833 · fundraising $5,180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,125,356 · end of year $1,053,386

  • 3 · Pledges and grants receivable

    beginning of year $13,865,849 · end of year $13,383,173

  • 4 · Accounts receivable

    beginning of year $50,815 · end of year $13,876

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,416

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

    $115,195,333

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

    $60,540,798

  • 10c · Land, buildings and equipment, net

    beginning of year $40,765,012 · end of year $54,654,535

  • 11 · Investments: publicly traded securities

    beginning of year $15,919,233 · end of year $15,545,679

  • 12 · Investments: other securities

    beginning of year $347,553,534 · end of year $359,016,585

  • 15 · Other assets

    beginning of year $2,998,876 · end of year $3,012,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,468,315 · end of year $3,585,253

  • 20 · Tax-exempt bond liabilities

    beginning of year $5,525,000 · end of year $4,510,000

  • 25 · Other liabilities

    beginning of year $332 · end of year $9,456,266

  • 27 · Net assets without donor restrictions

    beginning of year $308,515,102 · end of year $317,993,851

  • 28 · Net assets with donor restrictions

    beginning of year $106,783,342 · end of year $111,134,503

Mission and programs · 2024

Mission

THE ASSOCIATED JEWISH CHARITIES OF BALTIMORE (THE AJC) WAS ESTABLISHED TO FULFILL THE MISSION OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE (THE ASSOCIATED), WHICH WORKS TO PRESERVE AND ENHANCE JEWISH LIFE. (CONTINED ON SCHEDULE O)IT ADDRESSES CHARITABLE, EDUCATIONAL, RELIGIOUS, HUMANITARIAN, HEALTH, CULTURAL AND SOCIAL SERVICE NEEDS OF THE JEWISH COMMUNITY LOCALLY, NATIONALLY, IN ISRAEL AND THROUGHOUT THE WORLD.

Activities or mission (Part I)

HOLDING TITLE TO & INVESTING THE ASSETS OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE.

  • THE AJC OPERATES AN INVESTMENT PROGRAM FOR THE ASSOCIATED: JCFB, ITS AGENCIES, SUPPORTING FOUNDATIONS, DONOR ADVISED FUNDS, AND OTHER TAX-EXEMPT PUBLIC ORGANIZATIONS THAT ARE CONNECTED WITH THE WORK OF THE ASSOCIATED. THE INVESTMENT PROGRAM IS MANAGED BY PROFESSIONAL STAFF EMPLOYED BY THE ASSOCIATED AND IS OVERSEEN BY AN INVESTMENT COMMITTEE PROCESS INVOLVING OVER 45 VOLUNTEERS WITH INVESTMENT AND BUSINESS EXPERTISE. THE ASSETS INVESTED IN THIS PROGRAM ARE CRITICAL TO THE SUCCESS OF THE OVERALL JEWISH COMMUNITY WITH DISTRIBUTIONS THEREFROM MOSTLY SUPPORTING THE OVERALL BALTIMORE AND LARGER JEWISH COMMUNITY TAX EXEMPT PUBLIC ORGANIZATIONS. THE FEES GENERATED FROM THIS ACTIVITY COVERS ALL RELATED COSTS OF OPERATING THIS CRITICAL PROGRAM.

    Expenses $53,925,991 · Grants $53,532,103

  • THE AJC OWNS AND MANAGES THE REAL ESTATE PROPERTY FROM WHICH THE ASSOCIATED AND ITS AGENCIES OPERATE. THE AJC IS RESPONSIBLE FOR ALL TYPICAL LANDLORD COSTS OF MAINTAINING THESE PROPERTIES AND CHARGES BOTH SECURITY AND RENT TO THE TENANTS OF THESE PROPERTIES.

    Expenses $3,854,923 · Grants $419,108

  • PLANNED GIVING ASSETS: THE AJC MANAGES THE ASSETS OF THE PLANNED GIVING PROGRAM OF THE ASSOCIATED. THESE INCLUDE CHARITABLE REMAINDER TRUSTS IN WHICH THE AJC OR THE ASSOCIATED HAVE BEEN DESIGNATED CORPORATE TRUSTEE, CHARITABLE GIFT ANNUITIES, POOLED INCOME FUNDS AND LIFE INSURANCE POLICIES OWNED BY THE AJC AND/OR THE ASSOCIATED.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDREW CUSHNIR

    SECRETARY & EXECUTIVE DIRECTOR

    Total calculated
    $429,833
    From this org
    $0
    From related orgs
    $403,378
    Other
    $26,455
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,378 related
    Bonus
    $0
    Other
    $0 + $35,000 related
    Deferred
    $0 + $9,662 related
    Nontaxable benefits
    $0 + $16,793 related
    Filer's total
    $0 + $429,833 related

  • IRA MALIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5.5

  • PJ PEARLSTONE

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • REBECCA BRENNER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • MAXWELL THANHOUSER

    TREASURER & CO-CHAIR, INVESTMENT OVERSIGHT

    Total calculated
    $0
    Hours/week
    1.5

  • BRUCE HOFFBERGER

    LIFE DIRECTOR AND CHAIR, THE ASSOCIATED

    Total calculated
    $0
    Hours/week
    1.5 + 3 related

  • JEFFREY ROSEN

    CHAIR, AUDIT

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • ELISE MORRIS

    CHAIR, ADMINISTRATION

    Total calculated
    $0
    Hours/week
    1.5

  • JASON BLAVATT

    VICE CHAIR, ADMINISTRATION

    Total calculated
    $0
    Hours/week
    1.5 + 3 related

  • KIM Z GOLDEN

    VICE CHAIR, INVESTMENT OVERSIGHT

    Total calculated
    $0
    Hours/week
    1.5

  • ROBERT MANEKIN

    CO-CHAIR, REAL ESTATE

    Total calculated
    $0
    Hours/week
    1.5

  • MARK RENBAUM

    CO-CHAIR, REAL ESTATE

    Total calculated
    $0
    Hours/week
    1.5

  • ARI C ABRAMSON

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • MARILYN CARP

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • MICHAEL FADER

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • ELIZABETH GREEN

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • SUZAN B KATZENBERG

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • JONATHAN M LARIA

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • SANDRA MOFFET

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • ROBERT POLLOKOFF

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • LYNN B SASSIN

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5

  • KAREN SINGER

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • ROBERT B BANK

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JOSH FIDLER

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • JILL S GANSLER

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • NANCY HACKERMAN

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • FRITZI HALLOCK

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LAWRENCE M MACKS

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • PHILIP SACHS

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 3 related

  • J MARK SCHAPIRO

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JEFFREY SCHERR

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LAURA BLACK

    DIRECTOR AT LARGE (UNTIL 6/25)

    Total calculated
    $0
    Hours/week
    1.5

  • YEHUNDA NEUBERGER

    DIRECTOR AT LARGE (UNTIL 6/25)

    Total calculated
    $0
    Hours/week
    1.5 + 4 related

  • FREDERICA K SAXON

    LIFE DIRECTOR (UNTIL 3/25)

    Total calculated
    $0
    Hours/week
    0.1

  • MARK SMOLARZ

    COO/CFO (UNTIL 3/25)

    Total calculated
    $309,439
    From this org
    $0
    From related orgs
    $273,170
    Other
    $36,269
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,170 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,900 related
    Nontaxable benefits
    $0 + $25,369 related
    Filer's total
    $0 + $309,439 related

  • SAMUEL KLEIN

    CHIEF FINANCIAL OFFICER (FROM 2/25)

    Total calculated
    $0
    Hours/week
    10 + 30 related

  • MICHAEL FRIEDMAN

    SENIOR VICE PRESIDENT

    Total calculated
    $265,621
    From this org
    $0
    From related orgs
    $253,496
    Other
    $12,125
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,496 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0 + $2,125 related
    Filer's total
    $0 + $265,621 related

  • MICHAEL DYE

    VICE PRESIDENT, INVESTMENTS

    Total calculated
    $250,904
    From this org
    $0
    From related orgs
    $211,088
    Other
    $39,816
    Hours/week
    31 + 9 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,088 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,000 related
    Nontaxable benefits
    $0 + $30,816 related
    Filer's total
    $0 + $250,904 related

  • CAROLE TAYLOR

    SVP OF TECHNOLOGY AND OPERATIONS

    Total calculated
    $214,365
    From this org
    $0
    From related orgs
    $189,643
    Other
    $24,722
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,643 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,683 related
    Nontaxable benefits
    $0 + $17,039 related
    Filer's total
    $0 + $214,365 related

  • CONNIE STERN

    VICE PRESIDENT, FINANCE

    Total calculated
    $205,056
    From this org
    $0
    From related orgs
    $172,385
    Other
    $32,671
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,342 related
    Nontaxable benefits
    $0 + $25,329 related
    Filer's total
    $0 + $205,056 related

  • BROOKE HISLE

    EXECUTIVE DIRECTOR OF KRIEGER FUND

    Total calculated
    $190,706
    From this org
    $0
    From related orgs
    $172,799
    Other
    $17,907
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,799 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,442 related
    Nontaxable benefits
    $0 + $11,465 related
    Filer's total
    $0 + $190,706 related

  • MARC TERRILL

    FORMER SECRETARY & EXECUTIVE DIR.

    Total calculated
    $1,170,535
    From this org
    $0
    From related orgs
    $1,140,338
    Other
    $30,197
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $329,673 related
    Bonus
    $0 + $37,500 related
    Other
    $0 + $773,165 related
    Deferred
    $0 + $13,638 related
    Nontaxable benefits
    $0 + $16,559 related
    Filer's total
    $0 + $1,170,535 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

  • 4b · Supplemental nonqualified retirement plan
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

The filer's explanations (Part III)

PART I, LINE 1A
MARC TERRILL, FORMER SECRETARY & EXECUTIVE DIRECTOR, HAD MEMBERSHIP IN THE CENTER CLUB ON BEHALF OF THE ORGANIZATION. THE CLUB WAS USED SOLELY FOR THE ORGANIZATION'S BUSINESS PURPOSES. THEREFORE, THIS WAS NOT TREATED AS TAXABLE INCOME TO HIM. HE ALSO RECEIVED A TAX GROSS-UP PAYMENT THAT WAS INCLUDED IN HIS TAXABLE INCOME.
PART I, LINE 3
A RELATED ORGANIZATION, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, USES A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE ORGANIZATION'S EXECUTIVE DIRECTOR COMPENSATION.
PART I, LINE 4B
MARC TERRILL, FORMER SECRETARY & EXECUTIVE DIRECTOR, PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. MARC TERRILL RECEIVED $739,112 FROM THE PLAN DURING CALENDAR YEAR 2024 WHICH IS INCLUDED AS OTHER REPORTABLE COMPENSATION. MARC TERRILL HAS A CONTRACT EXECUTED ON JULY 1, 2020. THE TERMS AND CONDITIONS OF THE DEFERRED COMPENSATION PLAN ARE OUTLINED IN THE CONTRACT.
PART I, LINE 7
THE BONUS AWARDED TO MARC TERRILL IN CALENDAR YEAR 2024 WAS PER HIS CONTRACT.
PART I, LINE 8
ANDREW CUSHNIR IS IN HIS INITIAL CONTRACT WITH THE ORGANIZATION, BEGINNING AS OF 04/01/2024, FOR AN INITIAL TERM OF 3 YEARS AND 3 MONTHS.
PART II:
THE ORGANIZATION INADVERTENTLY OMITTED MOVING EXPENSES FROM THE PRESIDENT AND CEO'S 2024 FORM W-2 AND IS IN THE PROCESS OF ISSUING AN AMENDED FORM W-2 FOR 2024. THESE AMOUNTS HAVE BEEN APPROPRIATELY INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).

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.

  • JEWISH COMMUNITY INVESTMENT FUND

    EXCLUDED · INVESTMENT · MD · 46.04% owned · share of income $8,811,371 · share of assets $202,942,841

    Directly controlled by ASSOCIATED JEWISH CHARITIES OF BALTIMORE

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349314450

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.