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Nonprofiteer
← JSL FOUNDATION

Form 990 for tax year 2022

Filed by JSL FOUNDATION.

Totals

Total revenue
$11,797,030
Total expenses
$6,586,592
Contributions and grants received
$10,266,208
Grants paid
$6,388,110
Program service revenue
$0
Investment income
$1,227,755
Other revenue
$303,067
Total assets, end of year
$39,832,723
Total liabilities, end of year
$176,190
Net assets or fund balances, end of year
$39,656,533
Program services expenses (Part IX)
$6,537,351
Management and general expenses
$49,241
Fundraising expenses
$0
Program service expenses (Part III)
$6,537,351

Program services were 99.3% 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

    $3,163,312

  • 1f · All other contributions, gifts and grants

    $7,102,896

  • 3 · Investment income

    total $1,227,755 · excluded $1,227,755

  • 6a · Gross rents

    real property $58,250

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $58,250

  • 6d · Net rental income or loss

    total $58,250 · excluded $58,250

  • 8a · Fundraising events: gross income

    $364,911

  • 8b · Fundraising events: direct expenses

    $129,366

  • 8c · Net income from fundraising events

    total $235,545 · excluded $235,545

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $9,272 · excluded $9,272

  • 11e · Other revenue, total

    $9,272

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,388,110 · program services $6,388,110

  • 11c · Fees: accounting

    total $17,200 · management and general $17,200

  • 12 · Advertising and promotion

    total $5,990 · management and general $5,990

  • 13 · Office expenses

    total $16,621 · management and general $16,621

  • 22 · Depreciation, depletion and amortization

    total $84,051 · program services $84,051

  • 24a · Other expenses: ACTIVITIES

    total $63,801 · program services $63,801

  • 24b · Other expenses: CONTRACTS

    total $10,670 · program services $1,389 · management and general $9,281

  • 24c · Other expenses: REAL ESTATE TAXES

    total $133 · management and general $133

  • 24d · Other expenses: LICENSES AND PERMITS

    total $16 · management and general $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,968,441 · end of year $17,183,721

  • 4 · Accounts receivable

    beginning of year $88,228 · end of year $65,663

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

    $1,200,492

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

    $854,837

  • 10c · Land, buildings and equipment, net

    beginning of year $355,726 · end of year $345,655

  • 11 · Investments: publicly traded securities

    beginning of year $355,323 · end of year $347,024

  • 12 · Investments: other securities

    beginning of year $11,508,157 · end of year $21,204,030

  • 15 · Other assets

    beginning of year $647,883 · end of year $686,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,086 · end of year $29,277

  • 25 · Other liabilities

    beginning of year $77,251 · end of year $146,913

  • 27 · Net assets without donor restrictions

    beginning of year $23,806,137 · end of year $28,875,570

  • 28 · Net assets with donor restrictions

    beginning of year $10,991,284 · end of year $10,780,963

Mission and programs · 2022

Mission

WE NURTURE A SENSE OF COMMUNITY AND ENRICH THE LIVES OF OLDER ADULTS, WHILE EMBRACING JEWISH VALUES AND CELEBRATING LIFE.

  • TO PROVIDE SUPPORT TO JEWISH SENIOR LIFE OF METROPOLITAN DETROIT AND OTHER RELATED ENTITIES.

    Expenses $6,537,351 · Grants $6,388,110

As filed on the 2022 return.

Listed in Part VII

  • Deborah Rosenthal

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Mark Kowalsky

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Carolyn Cohen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Jason Fisher

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Brian Raznick

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Jeffrey Fleischman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Michael Banks

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Joanne Aronovitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Nancy Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Jason Tisdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Gayle Burstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Brad Feldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Warren Frenkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Judy Herman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Barbara Horowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Allison Klein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Scott Marcus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Dr Rob Robins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Jack Rothenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Lowell Salesin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Neil Satovsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Michael Wolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Alan Sternfeld

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Andrea Teitel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Carol Weintraub Fogel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Gabriel Scharg

    NEXTGEN LIAISON

    Total calculated
    $0
    Hours/week
    1 + 8 related
  • Nancy S Heinrich

    CEO

    Total calculated
    $318,084
    From this org
    $0
    From related orgs
    $300,149
    Other
    $17,935
    Hours/week
    3.8 + 33.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,149 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,935 related
    Filer's total
    $0 + $318,084 related
  • Jennie Klepinger

    PART YEAR CFO

    Total calculated
    $28,128
    From this org
    $0
    From related orgs
    $27,576
    Other
    $552
    Hours/week
    3.8 + 33.7 related
  • Ronald Colasanti

    DIRECTOR OF DINING SERVICES

    Total calculated
    $137,661
    From this org
    $0
    From related orgs
    $133,797
    Other
    $3,864
    Hours/week
    3.8 + 33.7 related
  • Dianne Azzopardi

    HR DIRECTOR

    Total calculated
    $136,746
    From this org
    $0
    From related orgs
    $135,402
    Other
    $1,344
    Hours/week
    3.8 + 33.7 related
  • Barbra Giles

    EXECUTIVE DIRECTOR OF AGING

    Total calculated
    $125,217
    From this org
    $0
    From related orgs
    $101,391
    Other
    $23,826
    Hours/week
    3.8 + 33.7 related
  • Jo Rosen

    EXECUTIVE DIRECTOR OF DEVELOPMENT

    Total calculated
    $125,969
    From this org
    $0
    From related orgs
    $108,378
    Other
    $17,591
    Hours/week
    3.8 + 33.7 related
  • Kara Powers

    PART YEAR CFO

    Total calculated
    $188,641
    From this org
    $0
    From related orgs
    $171,253
    Other
    $17,388
    Hours/week
    3.8 + 33.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,253 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,388 related
    Filer's total
    $0 + $188,641 related
  • Jan Bolf

    DIRECTOR OF FINANCE

    Total calculated
    $115,901
    From this org
    $0
    From related orgs
    $114,609
    Other
    $1,292
    Hours/week
    3.8 + 33.7 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

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.

  • PRENTIS I JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MI

  • PRENTIS II JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MI

  • TEITEL JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MI

  • HECHTMAN I JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COMPREHENSIVE AGING SERVICES

    C · TO SUPPORT JEWISH HOMES SERVICES, INC. · MI

  • PRENTIS I JSL LDHA GENERAL PARTNER

    C · GP OF PRENTIS I JSL LDHA LP · MI · controlled entity

  • PRENTIS II JSL LDHA GENERAL PARTNER LLC

    C · GP OF PRENTIS II JSL LDHA LP · MI

  • TEITEL JSL LDHA GENERAL PARTNER LLC

    C · GP OF TEITEL JSL LDHA LP · MI

  • HECHTMAN I JSL LDHA GENERAL PARTNER LLC

    C · GP OF HECHTMAN I LDHA LP · MI

Provenance

Return type
form_990
Tax year
2022
Filed
8 April 2024
IRS schema version
2022v5.0
Source object
202421009349300522

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