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Nonprofiteer
← MADAV IX FOUNDATION

Form 990 for tax year 2022

Filed by MADAV IX FOUNDATION.

Totals

Total revenue
$1,075,405
Total expenses
$738,360
Contributions and grants received
$0
Grants paid
$727,600
Program service revenue
$0
Investment income
$1,037,390
Other revenue
$38,015
Total assets, end of year
$16,370,314
Total liabilities, end of year
$5,367,200
Net assets or fund balances, end of year
$11,003,114
Program services expenses (Part IX)
$727,600
Management and general expenses
$10,760
Fundraising expenses
$0
Program service expenses (Part III)
$727,600

Program services were 98.5% 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 $691,998 · excluded $691,998

  • 7a · Gross sales of assets other than inventory

    securities $2,230,290 · other assets $171,470

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

    securities $1,925,902 · other assets $130,466

  • 7c · Gain or loss

    securities $304,388 · other assets $41,004

  • 7d · Net gain or loss

    total $345,392 · excluded $345,392

  • 11a · Other revenue: INC FROM PARTNERSHIPS

    total $38,015 · unrelated business -$32 · excluded $38,047

  • 11e · Other revenue, total

    $38,015

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $727,600 · program services $727,600

  • 11c · Fees: accounting

    total $2,800 · management and general $2,800

  • 24a · Other expenses: INVEST & ADMIN FEES-FED

    total $7,500 · management and general $7,500

  • 24b · Other expenses: BANK FEES

    total $260 · management and general $260

  • 24c · Other expenses: FILING FEE/ST OF OHIO

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,266

  • 7 · Other notes and loans receivable

    beginning of year $276,500 · end of year $257,000

  • 11 · Investments: publicly traded securities

    beginning of year $8,012,856 · end of year $10,125,652

  • 12 · Investments: other securities

    beginning of year $5,054,884 · end of year $5,987,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,000 · end of year $50

  • 18 · Grants payable

    beginning of year $287,000 · end of year $367,150

  • 24 · Unsecured notes and loans payable

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

  • 27 · Net assets without donor restrictions

    beginning of year $9,039,504 · end of year $11,003,114

Mission and programs · 2022

Mission

FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION).

  • GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION).

    Expenses $727,600 · Grants $727,600

As filed on the 2022 return.

Listed in Part VII

  • Erika Rudin-Luria

    TRUSTEE; VICE PRES

    Total calculated
    $553,568
    From this org
    $0
    From related orgs
    $499,276
    Other
    $54,292
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,994 related
    Bonus
    $0
    Other
    $0 + $14,282 related
    Deferred
    $0 + $15,093 related
    Nontaxable benefits
    $0 + $39,199 related
    Filer's total
    $0 + $553,568 related

  • Barry Reis

    TRUSTEE/TREASURER

    Total calculated
    $310,108
    From this org
    $0
    From related orgs
    $269,777
    Other
    $40,331
    Hours/week
    0.3 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,819 related
    Bonus
    $0
    Other
    $0 + $12,958 related
    Deferred
    $0 + $9,205 related
    Nontaxable benefits
    $0 + $31,126 related
    Filer's total
    $0 + $310,108 related

  • Kari Blumenthal

    ASST. TREASURER

    Total calculated
    $166,588
    From this org
    $0
    From related orgs
    $141,856
    Other
    $24,732
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,445 related
    Bonus
    $0
    Other
    $0 + $411 related
    Deferred
    $0 + $7,357 related
    Nontaxable benefits
    $0 + $17,375 related
    Filer's total
    $0 + $166,588 related

  • Matthew A Kaliff

    SECRETARY

    Total calculated
    $140,110
    From this org
    $0
    From related orgs
    $101,633
    Other
    $38,477
    Hours/week
    0.2 + 40 related

  • Gary L Gross

    TRUSTEE/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.8 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

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
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349311252

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