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← HADASSAH MEDICAL RELIEF ASSOCIATION INC

Form 990 for tax year 2022

Filed by HADASSAH MEDICAL RELIEF ASSOCIATION INC.

Totals

Total revenue
$75,563,337
Total expenses
$33,735,001
Contributions and grants received
$88,167,954
Grants paid
$31,530,097
Program service revenue
$0
Investment income
-$12,662,102
Other revenue
$57,485
Total assets, end of year
$564,855,684
Total liabilities, end of year
$365,659,636
Net assets or fund balances, end of year
$199,196,048
Program services expenses (Part IX)
$31,530,097
Management and general expenses
$2,204,904
Fundraising expenses
$0
Program service expenses (Part III)
$31,530,097

Program services were 93.5% 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.

  • 1d · Related organizations

    $88,132,994

  • 1f · All other contributions, gifts and grants

    $34,960

  • 3 · Investment income

    total $3,434,324 · unrelated business -$128,803 · excluded $3,563,127

  • 5 · Royalties

    total $57,485 · excluded $57,485

  • 7a · Gross sales of assets other than inventory

    securities $140,022,915

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

    securities $156,119,341

  • 7c · Gain or loss

    securities -$16,096,426

  • 7d · Net gain or loss

    total -$16,096,426 · excluded -$16,096,426

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,328,506 · program services $31,328,506

  • 3 · Grants to foreign organizations and individuals

    total $201,591 · program services $201,591

  • 11f · Fees: investment management

    total $2,170,847 · management and general $2,170,847

  • 22 · Depreciation, depletion and amortization

    total $3,228 · management and general $3,228

  • 24a · Other expenses: BANK FEES

    total $30,775 · management and general $30,775

  • 24b · Other expenses: UBIT TAXES

    total $54 · management and general $54

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $250,249 · end of year $281,621

  • 3 · Pledges and grants receivable

    beginning of year $7,002,140 · end of year $5,428,605

  • 4 · Accounts receivable

    beginning of year $366,069 · end of year $315,514

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

    $125,745

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

    $71,141

  • 10c · Land, buildings and equipment, net

    beginning of year $57,832 · end of year $54,604

  • 11 · Investments: publicly traded securities

    beginning of year $293,753,137 · end of year $214,571,590

  • 12 · Investments: other securities

    beginning of year $403,418,704 · end of year $344,203,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,667 · end of year $7,834

  • 25 · Other liabilities

    beginning of year $465,308,204 · end of year $365,651,802

  • 27 · Net assets without donor restrictions

    beginning of year -$186,201 · end of year -$98,732

  • 28 · Net assets with donor restrictions

    beginning of year $239,718,461 · end of year $199,294,780

Mission and programs · 2022

Mission

HADASSAH MEDICAL RELIEF ASSOCIATION, INC. IS FORMED TO SUPPORT HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("HWZOA") (SEE SCH O).

Activities or mission (Part I)

A VOLUNTEER ORGANIZATION THAT INSPIRES A PASSION FOR AND COMMITMENT TO THE FUTURE OF ISRAEL.

  • GRANTS TO AFFILIATES: BEGINNING IN 2021, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") GRANTED TO HMRA THE DISCRETION AND RESPONSIBILITY FOR ADMINISTERING, MANAGING AND INVESTING CERTAIN INVESTMENT ASSETS. FOR INVESTMENT PURPOSES ONLY, HMRA IS ALLOWED TO POOL AND MANAGE THE FUNDS WITH FUNDS OWNED BY HMRA AND THE HADASSAH FOUNDATION, INC. ("HF"). ON A QUARTERLY BASIS, HMRA TRANSFERS TO HWZOA AND HF THEIR PRO RATA SHARE OF INVESTMENT INCOME. IN ADDITION, HMRA TRANSFERS TO HWZOA DISTRIBUTIONS FROM ENDOWMENTS HELD BY HMRA.

    Expenses $31,530,097 · Grants $31,530,097

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

Listed in Part VII

  • RHODA SMOLOW

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 34 related

  • MICHELLE HUBERTUS

    TREASURER

    Total calculated
    $0
    Hours/week
    6 + 34 related

  • CAROL ANN SCHWARTZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    6 + 34 related

  • JANET HAND DEIXLER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • PEG ELEFANT

    VICE PRESIDENT (START 1/1/22)

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • SHELLEY KAPLAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • VALERIE LOWENSTEIN

    VICE PRESIDENT (START 1/1/22)

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • JILL SAPPERSTEIN

    VICE PRESIDENT (START 1/1/22)

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • RACHEL SCHONBERGER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • ELLEN HERSKIN

    PAST NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • MARCIE NATAN

    PAST NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    6 + 21 related

  • RON ALONI

    CFO/COO

    Total calculated
    $469,910
    From this org
    $0
    From related orgs
    $382,462
    Other
    $87,448
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,459 related
    Bonus
    $0
    Other
    $0 + $1,003 related
    Deferred
    $0 + $32,025 related
    Nontaxable benefits
    $0 + $55,423 related
    Filer's total
    $0 + $469,910 related

  • NAOMI LEAH ADLER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $487,285
    From this org
    $0
    From related orgs
    $410,987
    Other
    $76,298
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,181 related
    Bonus
    $0
    Other
    $0 + $1,806 related
    Deferred
    $0 + $15,701 related
    Nontaxable benefits
    $0 + $60,597 related
    Filer's total
    $0 + $487,285 related

  • SHERYL ZELIGSON

    CHIEF LEGAL OFFICER & GEN COUNSEL

    Total calculated
    $462,851
    From this org
    $0
    From related orgs
    $392,386
    Other
    $70,465
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,580 related
    Bonus
    $0
    Other
    $0 + $1,806 related
    Deferred
    $0 + $32,025 related
    Nontaxable benefits
    $0 + $38,440 related
    Filer's total
    $0 + $462,851 related

  • JANICE WEINMAN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $307,499
    From this org
    $0
    From related orgs
    $302,291
    Other
    $5,208
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $302,291 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,208 related
    Filer's total
    $0 + $307,499 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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)

ADDITIONAL DISCLOSURE
SCHEDULE J PART II COLUMN C CONSISTS ONLY OF CONTRIBUTIONS TO COMPANY RETIREMENT PLANS. PART II COLUMN D INCLUDES NOT ONLY EMPLOYER PROVIDED BENEFITS, BUT ALSO EMPLOYEE CONTRIBUTIONS FOR HEALTH INSURANCE, MEDICAL AND/OR CHILDCARE FLEXIBLE SPENDING ACCOUNTS, AND QUALIFIED TRANSPORTATION FRINGE BENEFITS. COMPENSATION HADASSAH MEDICAL RELIEF ASSOCIATION, INC.'S (HMRA) DOES NOT HAVE ANY EMPLOYEES. HMRA RELIES ON OFFICERS AND KEY EMPLOYEES' OF HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. (HWZOA, EIN: 13-1656651) A 501(C)(3) TAX EXEMPT ORGANIZATION, WHO PAYS ALL RELATED COMPENSATION. THE HWZOA'S CURRENT ACCOUNTING PROCEDURES DO NOT SEPARATELY TRACK SUCH EXPENDITURES FOR EACH ORGANIZATION. HMRA RELIES ON HWZOA FOR ESTABLISHING COMPENSATION OF THE TOP MANAGEMENT OFFICIAL THROUGH THE USE OF AN INDEPENDENT COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY OR COMPENSATION COMMITTEE.

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.

  • HADASSAH THE WOMEN'S ZIONIST ORGANIZATI

    501(C)(3) · CHARITABLE · NY · controlled entity

  • THE HADASSAH FOUNDATION INC

    501(C)(3) · CHARITABLE · NY · controlled entity

  • HADASSAH OFFICE IN ISRAEL

    N/A · CHARITABLE · IS · controlled entity

  • HADASSAH INTERNATIONAL LTD

    N/A · CHARITABLE · BR · controlled entity

  • HADASSAH MEXICO AC

    N/A · CHARITABLE · MX · controlled entity

  • HADASSAH MEDICAL ORGANIZATION

    N/A · MEDICAL · IS · controlled entity

  • HADASSAH YOUTH SERVICES AMUTA

    N/A · CHARITABLE · IS · controlled entity

  • HADASSAH INTERNATIONAL ISRAEL LTD (CC)

    N/A · CHARITABLE · IS · controlled entity

  • MEIR SHFEYAH FOR PROMOTION OF EDUCATION

    N/A · CHARITABLE · IS · controlled entity

  • HADASSAH STIFTUNG DEUTSCHLAND

    N/A · CHARITABLE · GM · controlled entity

  • HADASSAH SWITZERLAND

    N/A · CHARITABLE · SZ · controlled entity

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.

Related corporations and trusts

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

  • CHARITABLE REMAINDER ANNUITY TRUST (31)

    T · INVESTMENTS · NY

    Directly controlled by HWZOA

  • CHARITABLE REMAINDER UNITRUSTS (15)

    T · INVESTMENTS · NY

    Directly controlled by HWZOA

  • POOLED INCOME FUND (3)

    T · INVESTMENTS · NY

    Directly controlled by HWZOA

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202303129349300735

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