Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $370,345

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $0

• 1f · All other contributions, gifts and grants

  $3,717,577

• 1g · Noncash contributions included above

  $0

• 3 · Investment income

  total $596,986 · related or exempt $0 · unrelated business $0 · excluded $596,986

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: contributions included on line 1c

  $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,797,259 · program services $1,797,259

• 5 · Compensation of officers, directors and key employees

  total $244,246 · fundraising $244,246

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $399,455 · fundraising $399,455

• 8 · Pension plan contributions

  total $10,038 · fundraising $10,038

• 9 · Other employee benefits

  total $84,781 · fundraising $84,781

• 10 · Payroll taxes

  total $41,824 · fundraising $41,824

• 11b · Fees: legal

  total $115,260 · management and general $115,260

• 11c · Fees: accounting

  total $19,779 · management and general $19,779

• 11g · Fees: other

  total $16,519 · fundraising $16,519

• 12 · Advertising and promotion

  total $11,428 · fundraising $11,428

• 13 · Office expenses

  total $67,796 · fundraising $67,796

• 14 · Information technology

  total $7,396 · fundraising $7,396

• 16 · Occupancy

  total $11,995 · fundraising $11,995

• 17 · Travel

  total $1,468 · fundraising $1,468

• 19 · Conferences, conventions and meetings

  total $8,276 · fundraising $8,276

• 22 · Depreciation, depletion and amortization

  total $67 · management and general $67

• 24a · Other expenses: Annual Campaign

  total $23,635 · program services $0 · management and general $0 · fundraising $23,635

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $691,885 · end of year $1,744,897

• 3 · Pledges and grants receivable

  beginning of year $242,685 · end of year $336,376

• 4 · Accounts receivable

  end of year $744,658

• 7 · Other notes and loans receivable

  beginning of year $9,000,000 · end of year $14,000,000

• 10a · Land, buildings and equipment: cost or other basis

  $37,136

• 10b · Land, buildings and equipment: accumulated depreciation

  $37,136

• 10c · Land, buildings and equipment, net

  beginning of year $67 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $16,024,149 · end of year $12,160,171

• 12 · Investments: other securities

  beginning of year $21,866

• 15 · Other assets

  beginning of year $836,186 · end of year $434,164

• 17 · Accounts payable and accrued expenses

  beginning of year $724,622 · end of year $98,667

• 24 · Unsecured notes and loans payable

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

• 25 · Other liabilities

  beginning of year $67,754 · end of year $65,228

• 27 · Net assets without donor restrictions

  beginning of year $14,605,834 · end of year $14,620,063

• 28 · Net assets with donor restrictions

  beginning of year $10,918,628 · end of year $14,136,308

The filer's explanations (Part III)

Schedule J, Part I, Line 3

The Chief Development Officer of Menorah Park Foundation is paid by Menorah Park Center for Senior Living ("Menorah Park"), a related organization. The Menorah Park Foundation reimburses Menorah Park for all payroll related expenses. Menorah Park has a standing Compensation Committee to annually review for reasonableness, the salaries of the Executive Director and top level, key management staff of the organization. The Compensation Committee uses published surveys and purchased compensation comparison information to review and study reasonableness and competitiveness of Menorah Park executive salaries with similar organizations. An employee's seniority and performance are also reviewed during salary determination. Discussions and decisions of the Compensation Committee are documented in their meeting minutes