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Nonprofiteer
← NEUBERGER FAMILY FOUNDATION INC

Form 990 for tax year 2023

Filed by NEUBERGER FAMILY FOUNDATION INC.

Totals

Total revenue
$1,203,241
Total expenses
$254,095
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,197,441
Other revenue
$5,800
Total assets, end of year
$6,406,287
Total liabilities, end of year
$150,726
Net assets or fund balances, end of year
$6,255,561
Program services expenses (Part IX)
$0
Management and general expenses
$254,095
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $1,192,191 · excluded $1,192,191

  • 7a · Gross sales of assets other than inventory

    securities $5,250

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

    securities $0

  • 7c · Gain or loss

    securities $5,250

  • 7d · Net gain or loss

    total $5,250 · excluded $5,250

  • 11d · All other revenue

    total $5,800 · excluded $5,800

  • 11e · Other revenue, total

    $5,800

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $192,192 · management and general $192,192

  • 8 · Pension plan contributions

    total $7,181 · management and general $7,181

  • 9 · Other employee benefits

    total $13,258 · management and general $13,258

  • 10 · Payroll taxes

    total $14,622 · management and general $14,622

  • 11f · Fees: investment management

    total $14,594 · management and general $14,594

  • 13 · Office expenses

    total $2,331 · management and general $2,331

  • 17 · Travel

    total $686 · management and general $686

  • 24e · All other expenses

    total $9,231 · management and general $9,231

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $7,500 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,995,637 · end of year $2,813,237

  • 12 · Investments: other securities

    beginning of year $2,240,932 · end of year $3,593,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,584 · end of year $150,726

  • 27 · Net assets without donor restrictions

    beginning of year $5,236,485 · end of year $6,255,561

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED.

Activities or mission (Part I)

TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED.

  • PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

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

Listed in Part VII

  • MARC B TERRILL

    PRESIDENT & PUBLIC DIRECTOR

    Total calculated
    $887,930
    From this org
    $0
    From related orgs
    $843,795
    Other
    $44,135
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $732,733 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $36,062 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $30,935 related
    Filer's total
    $0 + $887,930 related

  • MICHAEL I FRIEDMAN

    SECRETARY/TREASURER

    Total calculated
    $259,711
    From this org
    $0
    From related orgs
    $247,832
    Other
    $11,879
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,832 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,781 related
    Nontaxable benefits
    $0 + $2,098 related
    Filer's total
    $0 + $259,711 related

  • YEHUDA NEUBERGER

    VICE PRESIDENT & DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • BRUCE SHOLK

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • GENINE MACKS FIDLER

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • LAURENCE M KATZ

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

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

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: 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.
PART I, LINE 4B
MARC TERRILL PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THERE WERE NO AMOUNTS VESTED OR RECEIVED FROM THE PLAN DURING THE TAX YEAR. 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 II, COLUMN A
THE DIRECTORS/OFFICERS OF THE NEUBERGER FAMILY FOUNDATION, INC. RECEIVE NO COMPENSATION FOR THEIR SERVICES, HOWEVER, TWO OF THE DIRECTORS/OFFICERS ARE EMPLOYED BY THE SUPPORTED ENTITY, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). ALL OF THE COMPENSATION AND BENEFITS ARE PAID BY THE ASSOCIATED, NONE OF IT IS ATTRIBUTABLE TO THE SERVICE AS A DIRECTOR AND/OR OFFICER OF THE FOUNDATION. THE NEUBERGER FAMILY FOUNDATION, INC. EMPLOYS ONE FULL-TIME EMPLOYEE AND TWO PART-TIME EMPLOYEES. ALL COMPENSATION IS PROCESSED BY THE SUPPORTED ENTITY, THE ASSOCIATED. THE COMPENSATION COST INCLUDING RELATED TAXES AND BENEFITS ARE REIMBURSED BY THE NEUBERGER FAMILY FOUNDATION, INC. TO THE ASSOCIATED.

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

No itemized grants to organizations 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
2023
Filed
16 April 2024
IRS schema version
2023v5.0
Source object
202411289349301546

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