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← JACK JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION

Form 990 for tax year 2022

Filed by JACK JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION.

Totals

Total revenue
$105,136,555
Total expenses
$72,321,965
Contributions and grants received
$0
Grants paid
$55,831,379
Program service revenue
$0
Investment income
$104,640,266
Other revenue
$496,289
Total assets, end of year
$3,087,154,462
Total liabilities, end of year
$32,860,276
Net assets or fund balances, end of year
$3,054,294,186
Program services expenses (Part IX)
$55,831,379
Management and general expenses
$16,490,586
Fundraising expenses
$0
Program service expenses (Part III)
$55,831,379

Program services were 77.2% 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 $25,634,707 · unrelated business $3,628,041 · excluded $22,006,666

  • 7a · Gross sales of assets other than inventory

    securities $899,151,841 · other assets $82,944,449

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

    securities $903,090,731 · other assets $0

  • 7c · Gain or loss

    securities -$3,938,890 · other assets $82,944,449

  • 7d · Net gain or loss

    total $79,005,559 · unrelated business $13,868,980 · excluded $65,136,579

  • 11a · Other revenue: TAX REFUNDS

    total $496,289 · excluded $496,289

  • 11e · Other revenue, total

    $496,289

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,802,379 · program services $48,802,379

  • 3 · Grants to foreign organizations and individuals

    total $7,029,000 · program services $7,029,000

  • 11b · Fees: legal

    total $44,029 · management and general $44,029

  • 11c · Fees: accounting

    total $59,919 · management and general $59,919

  • 11f · Fees: investment management

    total $11,979,399 · management and general $11,979,399

  • 24a · Other expenses: TAXES/FILING FEES

    total $3,839,957 · management and general $3,839,957

  • 24b · Other expenses: ADMINISTRATIVE EXP - JF

    total $489,000 · management and general $489,000

  • 24c · Other expenses: CUSTODIAL FEES

    total $78,282 · management and general $78,282

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $33,761,765 · end of year $13,349,296

  • 4 · Accounts receivable

    beginning of year $3,930,429 · end of year $5,558,419

  • 11 · Investments: publicly traded securities

    beginning of year $472,353,591 · end of year $507,095,567

  • 12 · Investments: other securities

    beginning of year $2,560,959,506 · end of year $2,561,151,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,626,473 · end of year $3,461,250

  • 18 · Grants payable

    beginning of year $28,144,110 · end of year $25,176,377

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,222,649

  • 27 · Net assets without donor restrictions

    beginning of year $3,037,234,708 · end of year $3,054,294,186

Mission and programs · 2022

Mission

JACK, JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION IS A SUPPORTING FOUNDATION OF THE JEWISH FEDERATION OF CLEVELAND AND AS SUCH, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL OR RELIGIOUS PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE FEDERATION. IT WAS ESTABLISHED TO MEET IDENTIFIED NEEDS OF THE JEWISH AND GENERAL COMMUNITIES.

  • GRANTS AND EXPENSES PAID TO ORGANIZATIONS MADE TO FURTHER CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION)

    Expenses $55,831,379 · Grants $55,831,379

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ERIKA B RUDIN-LURIA SEE SCH O

    TRUSTEE

    Total calculated
    $701,387
    From this org
    $0
    From related orgs
    $499,276
    Other
    $202,111
    Hours/week
    1.7 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,994 related
    Bonus
    $0
    Other
    $0 + $14,282 related
    Deferred
    $0 + $162,912 related
    Nontaxable benefits
    $0 + $39,199 related
    Filer's total
    $0 + $701,387 related

  • BARRY REIS

    TREASURER

    Total calculated
    $310,108
    From this org
    $0
    From related orgs
    $269,777
    Other
    $40,331
    Hours/week
    0.7 + 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

  • MOZELLE JACKSON

    ASST TREASURER

    Total calculated
    $255,134
    From this org
    $0
    From related orgs
    $231,844
    Other
    $23,290
    Hours/week
    0.7 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,889 related
    Bonus
    $0
    Other
    $0 + $955 related
    Deferred
    $0 + $6,767 related
    Nontaxable benefits
    $0 + $16,523 related
    Filer's total
    $0 + $255,134 related

  • ABIGAIL LEVIN

    SECRETARY AS OF 3/15/23

    Total calculated
    $200,831
    From this org
    $0
    From related orgs
    $179,650
    Other
    $21,181
    Hours/week
    0.7 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,097 related
    Bonus
    $0
    Other
    $0 + $553 related
    Deferred
    $0 + $9,025 related
    Nontaxable benefits
    $0 + $12,156 related
    Filer's total
    $0 + $200,831 related

  • STEPHEN H HOFFMAN SEE SCH O

    TRUSTEE AND PRESIDENT

    Total calculated
    $180,336
    From this org
    $0
    From related orgs
    $20,109
    Other
    $160,227
    Hours/week
    1.7 + 1.4 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $20,109 related
    Deferred
    $0 + $160,227 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $180,336 related

  • JEHUDA REINHARZ SEE SCH O

    TRUSTEE

    Total calculated
    $147,819
    From this org
    $0
    From related orgs
    $0
    Other
    $147,819
    Hours/week
    0.3 + 0.2 related

  • KATHRYN PALUS

    ASST TREASURER

    Total calculated
    $133,278
    From this org
    $0
    From related orgs
    $126,525
    Other
    $6,753
    Hours/week
    20 + 20 related

  • HEDY MILGROM

    SECRETARY UNTIL 3/15/23

    Total calculated
    $99,886
    From this org
    $0
    From related orgs
    $92,420
    Other
    $7,466
    Hours/week
    0.7 + 20 related

  • DAN A POLSTER

    TRUSTEE AND VP

    Total calculated
    $0
    Hours/week
    0.3 + 9.6 related

  • CHARLES HOROWITZ RATNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.7 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)

NOTE: PART I, LINE 3
OF THE COMPENSATION REPORTED ON SCHEDULE J, $147,819 FOR ERIKA RUDIN-LURIA IS PAID BY PARKWOOD LLC AND THE BALANCE IS PAID BY THE JEWISH FEDERATION OF CLEVELAND, THE SUPPORTED ORGANIZATION. ALL COMPENSATION REPORTED ON SCHEDULE J FOR BARRY REIS, MOZELLE JACKSON AND ABIGAIL LEVIN IS PAID BY THE JEWISH FEDERATION OF CLEVELAND, THE SUPPORTED ORGANIZATION. OF THE COMPENSATION REPORTED ON SCHEDULE J, $160,227 FOR STEPHEN HOFFMAN IS PAID BY PARKWOOD LLC AND THE BALANCE IS PAID BY THE JEWISH FEDERATION OF CLEVELAND, THE SUPPORTED ORGANIZATION.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SIMON CHARITABLE PUBLIC LLC

    INVESTMENTS · DE · income $35,795,631 · assets $1,071,271,128

    Directly controlled by JACK JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION

  • MSF PRIVATE EQUITY FUND LLC

    INVESTMENTS · DE · income $57,099,292 · assets $1,492,206,286

    Directly controlled by JACK JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION

  • MSF REAL ESTATE FUND LLC

    INVESTMENTS · DE · income $3,692,326 · assets $289,322,348

    Directly controlled by JACK JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION

  • MAF INVESTMENTS LTD

    INVESTMENTS · OH · income $747 · assets $7,326,670

    Directly controlled by JACK JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PARKWOOD LLC

    (C)UNRELATED · FINANCIAL AND INVESTMENT SERVICES · DE · 65% owned · share of income $7,224,237 · share of assets $51,440,858

Related corporations and trusts

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

  • PARKWOOD TRUST COMPANY

    C · FINANCIAL, TRUST AND INVESTMENT SERVICES · DE · 65% owned · share of income $3,133,000 · share of assets $17,297,800 · controlled entity

    Directly controlled by PARKWOOD LLC

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349308109

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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