Touro Synagogue Foundation
- Assets
- $1.1m
- Revenue
- $282.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Newport, RI
- Founding
- 09/1955
- Data as of
- 05/2022
- EIN
- 05-0255359
Organization Overview
Touro Synagogue Foundation is located in Newport, RI. The organization was established in 1955. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 05/2022, Touro Synagogue Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Touro Synagogue Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Touro Synagogue Foundation generated $282.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $152.0k during the year ending 05/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TOURO SYNAGOGUE FOUNDATION IS A 501(C)3 NOT-FOR-PROFIT, NONSECTARIAN ORGANIZATION, DEDICATED TO MAINTAINING AND PRESERVING TOURO SYNAGOGUE, THE COLONIAL JEWISH CEMETERY, PATRIOTS PARK, AND TO PROMOTING AND TEACHING RELIGIOUS DIVERSITY, COLONIAL JEWISH HISTORY AND THE HISTORY OF TOURO SYNAGOGUE. TOURO SYNAGOGUE IS A NATIONAL HISTORIC SITE. THE TOURO SYNAGOGUE FOUNDATION OPERATES PUBLIC PROGRAMS IN PARTNERSHIP WITH THE NATIONAL PARK SERVICE, THE NATIONAL TRUST FOR HISTORIC PRESERVATION AND IS A PROJECT OF SAVE AMERICA'S TREASURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MISSION IS DEDICATED TO THE PRINCIPLE OF RELIGIOUS FREEDOM AND COMMITTED TO THE PRESERVATION OF TOURO SYNAGOGUE AND ITS RELATED PROPERTY AND ARTIFACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Rudick Vice Chair | OfficerTrustee | $0 | |
William Stern Assistant Tr | OfficerTrustee | $0 | |
John Laramee Secretary | OfficerTrustee | $0 | |
Laura Freedman Chair | OfficerTrustee | $0 | |
Andrew Teitz First Vice C | OfficerTrustee | $0 | |
Pamela Ellman Vice Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,945 |
| Total Program Service Revenue | $10,293 |
| Investment income | $3,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,548 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,154 |
| Office expenses | $32,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $340 |
| All other expenses | $147 |
| Total functional expenses | $152,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,676 |
| Savings and temporary cash investments | $70,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $280,051 |
| Intangible assets | $0 |
| Other assets | $35,125 |
| Total assets | $1,135,320 |
| Accounts payable and accrued expenses | $281 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $281 |
| Net assets without donor restrictions | $756,447 |
| Net assets with donor restrictions | $378,592 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,135,320 |
Grants Awarded
Over the last fiscal year, Touro Synagogue Foundation has awarded $73,260 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION JESHUAT ISRAEL PURPOSE: GEN'L OPERATING SUPT | $25,974 |
CONGREGATION JESHUAT ISRAEL PURPOSE: GEN'L OPERATING SUPT | $25,974 |
GEO WASHINGTON INST FOR RELIGIOUS PURPOSE: GEN'L OPERATING SUPT | $10,656 |
GEO WASHINGTON INST FOR RELIGIOUS PURPOSE: GEN'L OPERATING SUPT | $10,656 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Touro Synagogue Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Schein Family Foundation Palm Beach Gardens, FL PURPOSE: GENERAL USE | $2,000 |
Aquidneck Foundation Chestnut Hill, MA PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
Endowment Analysis
| Beg. Balance | $281,046 |
| Earnings | $1,553 |
| Admin Expense | $2,548 |
| Ending Balance | $280,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Jewish Cemetery Association Of Massachusetts Inc Needham, MA | $24,731,830 | $5,132,837 |
Hillel The Foundation For Jewish Campus Life Cambridge, MA | $23,047,286 | $7,716,349 |
Hillel The Foundation For Jewish Campus Life New Haven, CT | $55,886,625 | $5,554,234 |
Reboot Inc Longmeadow, MA | $1,565,076 | $2,751,260 |
The Bess and Paul Sigel Hebrew Academy West Hartford, CT | $0 | $1,888,767 |
The Lenny Zakim Fund Inc Boston, MA | $9,833,074 | $2,692,580 |
Join For Justice Inc Boston, MA | $2,814,267 | $2,856,817 |
Kollel Of Greater Boston Inc Brighton, MA | $5,558,473 | $1,008,271 |
Congregation Bh Inc New Haven, CT | $9,136,652 | $5,783,491 |
American Committee For The Adv Of Torah Education In Israel Inc Deep River, CT | $512,261 | $691,183 |
Trybal Gatherings Inc Brookline, MA | $1,012,806 | $1,338,732 |
Chabad Lubavitch Of Stamford And Southern Connecticut Inc Moodus, CT | $3,362,021 | $652,782 |