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Nonprofiteer
← THE FOUNDATION FOR THE JEWISH FEDER ATION OF READING

Form 990 for tax year 2023

Filed by THE FOUNDATION FOR THE JEWISH FEDER ATION OF READING.

Totals

Total revenue
-$82,005
Total expenses
$996,762
Contributions and grants received
$30,084
Grants paid
$365,820
Program service revenue
$0
Investment income
-$112,089
Other revenue
$0
Total assets, end of year
$10,861,184
Total liabilities, end of year
$313,570
Net assets or fund balances, end of year
$10,547,614
Program services expenses (Part IX)
$884,938
Management and general expenses
$111,824
Fundraising expenses
$0
Program service expenses (Part III)
$884,938

Program services were 88.8% 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.

  • 1f · All other contributions, gifts and grants

    $30,084

  • 3 · Investment income

    total $239,731 · excluded $239,731

  • 7a · Gross sales of assets other than inventory

    securities $3,489,748

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

    securities $3,841,568

  • 7c · Gain or loss

    securities -$351,820

  • 7d · Net gain or loss

    total -$351,820 · related or exempt -$351,820

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $365,820 · program services $365,820

  • 11a · Fees: management

    total $39,048 · program services $4,970 · management and general $34,078

  • 11b · Fees: legal

    total $718 · management and general $718

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11f · Fees: investment management

    total $74,028 · management and general $74,028

  • 12 · Advertising and promotion

    total $4,000 · program services $4,000

  • 24a · Other expenses: FEDERATION SUPPORT

    total $510,148 · program services $510,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $500

  • 4 · Accounts receivable

    end of year $5,640

  • 11 · Investments: publicly traded securities

    end of year $10,855,044

  • 17 · Accounts payable and accrued expenses

    end of year $313,570

  • 27 · Net assets without donor restrictions

    end of year $9,962,836

  • 28 · Net assets with donor restrictions

    end of year $584,778

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL SUPPORT TO THE JEWISH FEDERATION OF READING AND TO SUPPORT THE RELIGIOUS, EDUCATIONAL, AND CHARITABLE PURPOSES AND ACTIVITIES OF THE FEDERATION.

  • TO PROVIDE FINANCIAL SUPPORT TO THE JEWISH FEDERATION OF READING AND TO SUPPORT THE RELIGIOUS, EDUCATIONAL, AND CHARITABLE PURPOSES AND ACTIVITIES OF THE FEDERATION.

    Expenses $884,938 · Grants $365,820

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

Listed in Part VII

  • Gordon Perlmutter

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Vic Hammel

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael Fromm

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Andy Wernick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jill Skaist Thru March

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Caster As Of April

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Brian Chartock

    CEO

    Total calculated
    $125,000
    From this org
    $0
    From related orgs
    $125,000
    Other
    $0
    Hours/week
    1 + 40 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.

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
2023
Filed
6 September 2024
IRS schema version
2023v5.1
Source object
202442509349301654

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