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Nonprofiteer
← JEWISH GRADUATE STUDENT INITIATIVE INC

Form 990 for tax year 2023

Filed by JEWISH GRADUATE STUDENT INITIATIVE INC.

Totals

Total revenue
$2,614,802
Total expenses
$2,462,156
Contributions and grants received
$2,516,665
Grants paid
$81,030
Program service revenue
$0
Investment income
$55,852
Other revenue
$42,285
Total assets, end of year
$3,786,670
Total liabilities, end of year
$1,441,978
Net assets or fund balances, end of year
$2,344,692
Program services expenses (Part IX)
$2,041,412
Management and general expenses
$212,435
Fundraising expenses
$208,309
Program service expenses (Part III)
$2,041,412

Program services were 82.9% 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

    $2,516,665

  • 1g · Noncash contributions included above

    $73,003

  • 3 · Investment income

    total $42,148 · excluded $42,148

  • 6a · Gross rents

    real property $38,586

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $38,586

  • 6d · Net rental income or loss

    total $38,586 · unrelated business $19,265 · excluded $19,321

  • 7a · Gross sales of assets other than inventory

    securities $13,704

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

    securities $0

  • 7c · Gain or loss

    securities $13,704

  • 7d · Net gain or loss

    total $13,704 · excluded $13,704

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,699 · excluded $3,699

  • 11e · Other revenue, total

    $3,699

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 2 · Grants to domestic individuals

    total $11,030 · program services $11,030

  • 3 · Grants to foreign organizations and individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $447,479 · program services $382,531 · management and general $52,966 · fundraising $11,982

  • 7 · Other salaries and wages

    total $711,149 · program services $608,292 · management and general $84,625 · fundraising $18,232

  • 8 · Pension plan contributions

    total $13,293 · program services $11,021 · management and general $1,147 · fundraising $1,125

  • 9 · Other employee benefits

    total $65,190 · program services $56,337 · management and general $8,476 · fundraising $377

  • 10 · Payroll taxes

    total $57,599 · program services $49,268 · management and general $6,854 · fundraising $1,477

  • 11c · Fees: accounting

    total $47,424 · program services $39,320 · management and general $4,092 · fundraising $4,012

  • 11g · Fees: other

    total $43,284 · program services $33,247 · management and general $443 · fundraising $9,594

  • 12 · Advertising and promotion

    total $25,544 · program services $20,435 · management and general $1,277 · fundraising $3,832

  • 13 · Office expenses

    total $63,189 · program services $34,347 · management and general $7,210 · fundraising $21,632

  • 14 · Information technology

    total $59,833 · program services $47,866 · management and general $2,992 · fundraising $8,975

  • 16 · Occupancy

    total $120,090 · program services $95,700 · management and general $5,540 · fundraising $18,850

  • 17 · Travel

    total $77,482 · program services $61,985 · management and general $3,874 · fundraising $11,623

  • 19 · Conferences, conventions and meetings

    total $579,909 · program services $463,930 · management and general $28,992 · fundraising $86,987

  • 22 · Depreciation, depletion and amortization

    total $40,492 · program services $32,767 · management and general $2,489 · fundraising $5,236

  • 23 · Insurance

    total $5,865 · program services $4,692 · management and general $293 · fundraising $880

  • 24a · Other expenses: GIFTS

    total $12,109 · program services $9,688 · management and general $605 · fundraising $1,816

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $11,195 · program services $8,956 · management and general $560 · fundraising $1,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,963 · end of year $19,681

  • 2 · Savings and temporary cash investments

    beginning of year $1,720,705 · end of year $1,920,741

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $40,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,834 · end of year $31,050

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

    $1,694,316

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

    $77,592

  • 10c · Land, buildings and equipment, net

    beginning of year $1,497,020 · end of year $1,616,724

  • 11 · Investments: publicly traded securities

    beginning of year $61,095 · end of year $145,381

  • 14 · Intangible assets

    beginning of year $5,457 · end of year $2,479

  • 15 · Other assets

    beginning of year $103,779 · end of year $10,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,413 · end of year $85,567

  • 22 · Loans and payables to officers and key people

    beginning of year $430,000 · end of year $589,316

  • 23 · Secured mortgages and notes payable

    beginning of year $785,863 · end of year $767,095

  • 27 · Net assets without donor restrictions

    beginning of year $2,201,577 · end of year $2,294,692

  • 28 · Net assets with donor restrictions

    end of year $50,000

Mission and programs · 2023

Mission

TO SUPPORT JEWISH LIFE ON GRADUATE SCHOOL CAMPUSES AND TO CONNECT JEWISH GRADUATE STUDENTS, ALUMNI, AND EXECUTIVES TO THEIR HERITAGE AND THE GREATER JEWISH COMMUNITY.

Activities or mission (Part I)

PROVIDE JEWISH CULTURAL PROGRAMMING FOR GRADUATE STUDENTS AND YOUNG PROFESSIONALS.

  • IN 2023-24 JGSI PROVIDED JEWISH PROGRAMMING TO 10,060 INDIVIDUAL GRADUATE STUDENTS AND ALUMNI ACROSS 153 CAMPUSES NATIONWIDE THROUGH 635 PROGRAMS ANNUALLY, INCLUDING CAMPUS MEETINGS, CONFERENCES, FELLOWSHIPS, SHABBAT AND HOLIDAYS, EDUCATIONAL PROGRAMS, NETWORKING AND OTHER EVENTS.

    Expenses $2,041,412 · Grants $81,030

As filed on the 2023 return.

Listed in Part VII

  • David Sorani

    PRESIDENT

    Total calculated
    $219,860
    From this org
    $95,000
    From related orgs
    $0
    Other
    $124,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $95,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,860
    Nontaxable benefits
    $121,000
    Filer's total
    $219,860

  • Matthew J Rosenberg

    CHIEF OPERATING OFFICER

    Total calculated
    $198,725
    From this org
    $98,832
    From related orgs
    $0
    Other
    $99,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $94,967
    Bonus
    $1,386
    Other
    $2,479
    Deferred
    $3,893
    Nontaxable benefits
    $96,000
    Filer's total
    $198,725

  • Kevin Fried

    MANAGING DIRECTOR

    Total calculated
    $166,188
    From this org
    $110,480
    From related orgs
    $0
    Other
    $55,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,458
    Bonus
    $3,969
    Other
    $53
    Deferred
    $2,583
    Nontaxable benefits
    $53,125
    Filer's total
    $166,188

  • Benjamin Brandler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jessie Reder

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adam Reich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emily Shaaya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Vaynerov

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Prager

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DAVID SORANI, THE PRESIDENT, MATTHEW J. ROSENBERG, CHIEF OPERATING OFFICER, AND KEVIN FRIED, MANAGING DIRECTOR, RECEIVED NONTAXABLE CLERGY HOUSING ALLOWANCE (PARSONAGE).
PART I, LINE 7
THE ORGANIZATION PROVIDED LIMITED HOLIDAY BONUSES TO EMPLOYEES.

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

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2026
IRS schema version
2023v6.0
Source object
202601879349300965

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