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Nonprofiteer
← TEMPLE KOL AMI EMANU-EL FOUNDATION INC

Form 990 for tax year 2023

Filed by TEMPLE KOL AMI EMANU-EL FOUNDATION INC.

Totals

Total revenue
$46,565
Total expenses
$141,018
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$46,565
Other revenue
$0
Total assets, end of year
$2,313,662
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,313,662
Program services expenses (Part IX)
$0
Management and general expenses
$141,018
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 $46,565 · related or exempt $46,565

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 21 · Payments to affiliates

    total $139,157 · management and general $139,157

  • 24a · Other expenses: FILING FEES

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,408,114 · end of year $2,313,662

  • 28 · Net assets with donor restrictions

    beginning of year $2,408,114 · end of year $2,313,662

Mission and programs · 2023

Mission

TO CREATE AN ENDOWMENT FUND FOR THE SOLE BENEFIT OF ITS 501(C)(3) BENEFICIARY ORGANIZATION - TEMPLE KOL AMI EMANU-EL INC.

  • THIS FOUNDATION WAS ESTABLISHED IN CONJUCTION WITH THE MERGER OF TEMPLE EMANU-EL OF GREATER FORT LAUDERDALE AND TEMPLE KOL AMI. TEMPLE EMANU-EL ESTABLISHED THE FOUNDATION BY DONATING ITS REAL PROPERTY AS ITS CORPUS, WITH THE PURPOSE OF SELLING THE PROPERTY AND THEN CREATE AN ENDOWMENT FUND. THE TWO TEMPLES MERGED AND THE SURVIVING CORPORATION (TEMPLE KOL AMI, INC.) CHANGED ITS NAME TO TEMPLE KOL AMI EMANU-EL, INC.ON 08/08/05 THE REAL PROPERTY WAS SOLD FOR $4,200,000, NETTING $3,511,446 AFTER PAYING OFF DEBTS AND EXPENSES OF SALE. AFTER THE SALE, IN ACCORDANCE WITH THE DOCUMENTS GOVERNING THE MERGER, $775,199 WAS DONATED TO THE BENEFICIARY ORGANIZATION (TEMPLE KOL AMI EMANU-EL). THE BALANCE OF $2,736,247 WAS INVESTED WITH A GOAL TO GENERATE ENOUGH INCOME TO FURTHER SUPPORT THE TEMPLE.ON OCTOBER 1, 2012, A LOAN WAS MADE TO TEMPLE KOL AMI EMANU-EL, IN THE AMOUNT OF $1,961,021.ON MARCH 11, 2021, THE LOAN WAS PAID OFF FULLY.

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

Listed in Part VII

  • Lee Hager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dr Stanley Goodman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Saul Kravec

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443399349301409

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