Jewish Community Foundation Of Greater Hartford Inc
- Assets
- $126.7m
- Revenue
- $9.1m
- Investments
- $12.6m
- Employees
- 11
- Location
- West Hartford, CT
- Founding
- 05/1998
- Data as of
- 06/2020
- EIN
- 06-1372107
Organization Overview
Jewish Community Foundation Of Greater Hartford Inc is located in West Hartford, CT. The organization was established in 1998. 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. As of 06/2021, Jewish Community Foundation Of Greater Hartford Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Community Foundation Of Greater Hartford Inc 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 06/2020, Jewish Community Foundation Of Greater Hartford Inc generated $9.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $5.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jewish Community Foundation Of Greater Hartford Inc has awarded 274 individual grants totaling $16,780,252. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE JEWISH COMMUNITY FOUNDATION PROMOTES PHILANTHROPY, MANAGES THE GREATER HARTFORD JEWISH COMMUNITY'S CHARITABLE ENDOWMENT AND MAKES GRANTS TO SUPPORT KEY COMMUNITY NEEDS AND INNOVATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BUILDING (EXPENSES: $1,653,583 INCLUDING GRANTS OF $1,653,583) THE FOUNDATION AWARDED GRANTS, MOSTLY IN THE GREATER HARTFORD AREA, TO SUPPORT GENERAL OPERATIONS OF AGENCIES AND PROGRAMS, MEET CRITICAL NEEDS FOR BASIC HUMAN SERVICES AND SUPPORT CORE FUNCTIONS IN FURTHERANCE OF THE KEY STRATEGIC OBJECTIVES DESIGNED TO STRENGTHEN THE JEWISH COMMUNITY. THE LARGEST GRANTEE IS THE JEWISH FEDERATION OF GREATER HARTFORD.
HUMAN SERVICES AND HEALTH (EXPENSES: $1,254,416 INCLUDING GRANTS OF $1,254,416). GRANTS IN THIS PROGRAM AREA COVER A WIDE ARRAY OF SERVICES. PROGRAMS INCLUDE SERVICES FOR THE DISABLED, FOOD AND HUNGER ALLEVIATION, MEDICAL RESEARCH, CASE MANAGEMENT AND COUNSELING, THERAPY, SPORTS AND RECREATION. GRANTEES INCLUDE JEWISH FAMILY SERVICES OF GREATER HARTFORD, THE JOYCE D. AND ANDREW J. MANDELL JEWISH COMMUNITY CENTER AND THE JEWISH ASSOCIATION FOR COMMUNITY LIVING.
EDUCATION (EXPENSES: $834,117 INCLUDING GRANTS OF $834,117) THE FOUNDATION SUPPORTS NUMEROUS INSTITUTIONS WHOSE FOCUS IS ON JEWISH EDUCATION. THE LARGEST PROPORTION GOES TO AREA JEWISH DAY SCHOOLS FOR GENERAL OPERATING SUPPORT, SCHOLARSHIPS AND CURRICULUM ENHANCEMENT. OTHER GRANTS INCLUDE LITERACY FOR AT-RISK YOUTH, SUPPLEMENTAL RELIGIOUS SCHOOL EDUCATION, COLLEGE SCHOLARSHIPS AND GENERAL SUPPORT OF SECULAR SECONDARY AND COLLEGE INSTITUTIONS. GRANTEES INCLUDE SOLOMON SCHECHTER DAY SCHOOL, BESS AND PAUL SIGEL HEBREW ACADEMY, HEBREW HIGH SCHOOL OF NEW ENGLAND, JEWISH TEEN LEARNING CONNECTION, CHILDREN'S READING PARTNERS AND THE JEWISH FEDERATION OF GREATER HARTFORD'S COMMISSION ON JEWISH EDUCATION AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob A Schreiber President And CEO | Officer | 40 | $230,532 |
Rhona H Morgan Vice President Finance | Officer | 45 | $165,738 |
Kathryn L Gonnerman Vice President Development | Officer | 38 | $131,055 |
Michael Elfenbaum Vice President Grants Programs | Officer | 36 | $112,590 |
Susan Lotreck Vice President Operations | Officer | 30 | $105,749 |
Gayle Temkin Chair | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,530,364 |
| Investment income | $756,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,606,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,064,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $150,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $689,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,033 |
| Pension plan accruals and contributions | $25,646 |
| Other employee benefits | $111,750 |
| Payroll taxes | $79,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,212 |
| Fees for services: Accounting | $32,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,920 |
| Fees for services: Other | $28,206 |
| Advertising and promotion | $12,341 |
| Office expenses | $28,376 |
| Information technology | $56,646 |
| Royalties | $0 |
| Occupancy | $49,551 |
| Travel | $430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,770 |
| All other expenses | $0 |
| Total functional expenses | $5,877,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,747,579 |
| Pledges and grants receivable | $632,185 |
| Accounts receivable, net | $4,888 |
| 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 |
| Investments—publicly traded securities | $104,472,794 |
| Investments—other securities | $12,616,298 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,040 |
| Total assets | $126,674,784 |
| Accounts payable and accrued expenses | $5,626 |
| Grants payable | $629,448 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,806,772 |
| 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 | $451,190 |
| Total liabilities | $20,893,036 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $105,781,748 |
Grants Awarded
Over the last fiscal year, Jewish Community Foundation Of Greater Hartford Inc has awarded $4,543,837 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
West Hartford, CT PURPOSE: Gen Operating Supprt | $1,377,478 |
West Hartford, CT PURPOSE: Gen Operating Supprt | $524,169 |
West Hartford, CT PURPOSE: Emergency Funds | $278,617 |
West Hartford, CT PURPOSE: Gen Operating Supprt | $211,264 |
West Hartford, CT PURPOSE: Equipment | $183,236 |
Hartford, CT PURPOSE: BuildingRenovation | $170,213 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Community Foundation Of Greater Hartford Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Frances H & Harold E Gordon Charitable Foundation Wilmington, DE PURPOSE: ABRAHAM & JANE PORISS GORDON SCHOLARSHIP FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $70,327,409 |
| Earnings | $25,638,002 |
| Admin Expense | $970,271 |
| Net Contributions | $2,045,757 |
| Other Expense | $289,034 |
| Grants | $2,668,365 |
| Ending Balance | $94,083,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
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 Central New York Inc Syracuse, NY | $9,420,955 | $9,385,723 |
Jewish Community Federation Of Greater Rochester Ny Inc Rochester, NY | $41,052,152 | $11,910,754 |