Jewish Federation Foundation
- Assets
- $77.1m
- Revenue
- $17.0m
- Investments
- $32.6m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/1946
- Data as of
- 06/2022
- EIN
- 05-0259003
Organization Overview
Jewish Federation Foundation is located in Providence, RI. The organization was established in 1946. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Federation 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 06/2022, Jewish Federation Foundation generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 5.1% 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.
Since 2015, Jewish Federation Foundation has awarded 920 individual grants totaling $23,861,186. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A SECTION 509 (A)(3) SUPPORTING ORGANIZATION OF THE RHODE ISLAND FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE GENERAL JEWISH WELFARE THROUGH THE SUPPORT OF CHARITABLE, CULTURAL AND RELIGIOUS ORGANIZATIONS AND ASSIST IN COMMUNAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitzi Berkelhammer Chair | OfficerTrustee | 1 | $0 |
Adam Greenman President/ceo (ex-Officio) | OfficerTrustee | 1 | $0 |
Robert Sherwin Vice Chair | OfficerTrustee | 1 | $0 |
Cheryl Greenfeld Teverow Secretary | OfficerTrustee | 1 | $0 |
Marilyn Kaplan Treasurer | OfficerTrustee | 1 | $0 |
Sharon Gaines Director | Trustee | 1 | $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 | $11,775,070 |
| Noncash contributions included in lines 1a–1f | $772,452 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,775,070 |
| Total Program Service Revenue | $0 |
| Investment income | $927,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,281,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,990,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,124,374 |
| Grants and other assistance to domestic individuals. | $100,051 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,535 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,082,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637 |
| Savings and temporary cash investments | $1,388,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,116 |
| 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 | $1,300 |
| Investments—publicly traded securities | $42,859,595 |
| Investments—other securities | $32,628,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,799 |
| Total assets | $77,112,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $882,489 |
| 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 | $882,489 |
| Net assets without donor restrictions | $53,422,072 |
| Net assets with donor restrictions | $22,807,919 |
| 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 | $77,112,480 |
Grants Awarded
Over the last fiscal year, Jewish Federation Foundation has awarded $3,708,232 in support to 283 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: GENERAL SUPPORT | $647,200 |
Providence, RI PURPOSE: UNRESTRICTED SUPPORT | $388,905 |
Providence, RI PURPOSE: ANNUAL CAMPAIGN | $334,009 |
Providence, RI PURPOSE: GENERAL SUPPORT | $291,913 |
Providence, RI PURPOSE: ANNUAL SUPPORT | $217,356 |
Providence, RI PURPOSE: UKRAINE RELIEF | $121,870 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jewish Federation Foundation has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Brickman Gross Family Foundation Portland, ME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Powell Family Foundation Nancy E Powell Family Division Seattle, WA PURPOSE: TO SUPPORT THE DAVID AND ANNA DLUGIE KLIGER FUND | $2,500 |
Powell Family Foundation Carol P Heller Family Division Philadelphia, PA PURPOSE: DAVID AND ANNE DLUGIE FUND | $1,500 |
Endowment Analysis
| Beg. Balance | $40,790,670 |
| Earnings | -$2,047,544 |
| Admin Expense | $396,568 |
| Net Contributions | $230,588 |
| Grants | $1,326,834 |
| Ending Balance | $37,250,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |
United Way Inc Hartford, CT | $29,196,738 | $12,702,734 |
United Way Of Southeastern Conn Inc Gales Ferry, CT | $10,705,205 | $8,943,002 |
United Way Of Central Massachusetts Inc Worcester, MA | $17,606,516 | $12,267,996 |
Supreme Council Benevolent Foundation Lexington, MA | $125,656,047 | $11,525,847 |
United Way Of Western Connecticut Inc Danbury, CT | $8,563,444 | $6,698,403 |
The Jewish Federation Of Greater New Haven Inc Woodbridge, CT | $16,539,651 | $6,887,092 |
Jewish Federation Of Greater Hartford West Hartford, CT | $10,483,669 | $7,386,122 |
Jewish Community Foundation Of Greater Hartford Inc West Hartford, CT | $126,674,784 | $9,064,129 |
Jewish Federation Foundation Providence, RI | $77,112,480 | $16,990,336 |