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Nonprofiteer
← JEWISH FOUNDATION FOR GROUP HOMESENDOWMENT INC

Form 990 for tax year 2022

Filed by JEWISH FOUNDATION FOR GROUP HOMESENDOWMENT INC.

Totals

Total revenue
$88,142
Total expenses
$160,928
Contributions and grants received
$0
Grants paid
$154,518
Program service revenue
$0
Investment income
$88,129
Other revenue
$13
Total assets, end of year
$17,483,044
Total liabilities, end of year
$14,603,065
Net assets or fund balances, end of year
$2,879,979
Program services expenses (Part IX)
$154,518
Management and general expenses
$6,410
Fundraising expenses
$0
Program service expenses (Part III)
$154,518

Program services were 96.0% 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 $41,545 · excluded $41,545

  • 7a · Gross sales of assets other than inventory

    securities $473,153

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

    securities $426,569

  • 7c · Gain or loss

    securities $46,584

  • 7d · Net gain or loss

    total $46,584 · excluded $46,584

  • 11a · Other revenue: MISCELLEANOUS INCOME

    total $13 · excluded $13

  • 11e · Other revenue, total

    $13

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154,518 · program services $154,518

  • 11c · Fees: accounting

    total $6,410 · management and general $6,410

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $932,590 · end of year $1,281,447

  • 11 · Investments: publicly traded securities

    beginning of year $15,356,078 · end of year $16,192,814

  • 12 · Investments: other securities

    beginning of year $175,000 · end of year $0

  • 15 · Other assets

    beginning of year $10,879 · end of year $8,783

  • 25 · Other liabilities

    beginning of year $13,739,430 · end of year $14,603,065

  • 28 · Net assets with donor restrictions

    beginning of year $2,735,117 · end of year $2,879,979

Mission and programs · 2022

Mission

TO RAISE AND STEWARD ENDOWMENT FUNDS FOR THE BENEFIT OF JEWISH FOUNDATION FOR GROUP HOMES, INC. (D.B.A. MAKOM).

Activities or mission (Part I)

TO RAISE AND STEWARD ENDOWMENT FUNDS FOR THE BENEFIT OF JFGH, INC. (D.B.A. MAKOM)

  • INVESTMENT: FOLLOWING THE INVESTMENT POLICY OF JFGH ENDOWMENT, INC. MAINTAIN AN INVESTMENT PORTFOLIO TO GENERATE EARNINGS SUFFICIENT TO SUPPORT AN ANNUAL SPENDING POLICY TO BENEFIT JEWISH FOUNDATION FOR GROUP HOMES, INC (D.B.A. MAKOM).

    Expenses $154,518 · Grants $154,518

As filed on the 2022 return.

Listed in Part VII

  • Dennis Speisman

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Leslie Kaplan

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Abramowitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larry Paul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stefan Tucker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Lisa Reiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Goldberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rabbi Simon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Rabin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Ervin

    MAKOM'S CEO

    Total calculated
    $286,285
    From this org
    $0
    From related orgs
    $248,955
    Other
    $37,330
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,184 related
    Bonus
    $0 + $11,771 related
    Other
    $0
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $16,830 related
    Filer's total
    $0 + $286,285 related

  • Lewis Fontek

    MAKOM'S CDO

    Total calculated
    $171,682
    From this org
    $0
    From related orgs
    $152,747
    Other
    $18,935
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,747 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,691 related
    Nontaxable benefits
    $0 + $1,244 related
    Filer's total
    $0 + $171,682 related

  • Diane Rubinstein

    MAKOM'S CFO

    Total calculated
    $202,044
    From this org
    $0
    From related orgs
    $168,456
    Other
    $33,588
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,456 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,400 related
    Nontaxable benefits
    $0 + $13,188 related
    Filer's total
    $0 + $202,044 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 CEO OF THE JEWISH FOUNDATION FOR GROUP HOMES, INC. (D.B.A. MAKOM), A RELATED TAX-EXEMPT ORGANIZATION, IS THE CEO OF THE FILING ORGANIZATION. THE CEO'S COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE AND IS APPROVED BY THE EXECUTIVE 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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202430829349300188

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