Jewish Community Foundation Of Greater Hartford Inc
- Assets
- $171.9m
- Revenue
- $12.0m
- Investments
- $19.4m
- Employees
- 11
- Location
- West Hartford, CT
- Founding
- 05/1998
- Data as of
- 06/2021
- 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 06/2022, 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 06/2021, Jewish Community Foundation Of Greater Hartford Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 3 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 2020, Jewish Community Foundation Of Greater Hartford Inc has awarded 222 individual grants totaling $12,643,969. 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
2021
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. 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.
SEE SCHEDULE O, STATEMENT 1 OTHER PROGRAMS AND SERVICES (EXPENSES: $2,088,040 INCLUDING GRANTS OF $1,266,319) THESE INCLUDE THE BALANCE OF GRANTS AWARDED THROUGH COMMUNITY GRANTMAKING PROGRAMS, DONOR ADVISED PROGRAM AND DESIGNATED GIVING IN PROGRAM AREAS THAT INCLUDE ARTS AND CULTURE, SOCIAL JUSTICE, PROGRAMS IN ISRAEL, SENIORS, RELIGIOUS AND SPIRITUAL DEVELOPMENT AND OUTREACH.
HUMAN SERVICES AND HEALTH. 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. 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, HEBREW HIGH SCHOOL OF NEW ENGLAND, JEWISH TEEN LEARNING CONNECTION, RICE UNIVERSITY, AND THE LOOMIS CHAFEE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob A Schreiber President And CEO | Officer | 40 | $222,867 |
Rhona H Morgan Vice President Finance | Officer | 45 | $159,298 |
Kathryn L Gonnerman Vice President Development | 38 | $128,254 | |
Michael Elfenbaum Vice President Grants Programs | 36 | $112,181 | |
Susan Lotreck Vice President Operations | 36 | $105,749 | |
Gayle Temkin Chair | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,585,932 |
| Investment income | $1,080,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,162,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,032,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $128,720 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $731,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $369,640 |
| Pension plan accruals and contributions | $29,668 |
| Other employee benefits | $107,986 |
| Payroll taxes | $80,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,170 |
| Fees for services: Accounting | $32,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,703 |
| Fees for services: Other | $9,200 |
| Advertising and promotion | $9,106 |
| Office expenses | $28,709 |
| Information technology | $65,097 |
| Royalties | $0 |
| Occupancy | $102,907 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,888 |
| All other expenses | $0 |
| Total functional expenses | $6,813,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,119,692 |
| Pledges and grants receivable | $500,844 |
| Accounts receivable, net | $4,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,485 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $144,686,369 |
| Investments—other securities | $19,449,255 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,171 |
| Total assets | $171,916,384 |
| Accounts payable and accrued expenses | $47,416 |
| Grants payable | $764,168 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,164,332 |
| 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 | $312,903 |
| Total liabilities | $29,288,819 |
| 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 | $142,627,565 |
Grants Awarded
Over the last fiscal year, Jewish Community Foundation Of Greater Hartford Inc has awarded $4,021,327 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCING CT TOGETHER PURPOSE: Gen operating support | $6,500 |
10000 DEGREES PURPOSE: Scholarships | $20,000 |
AMERICAN FRIENDS OF NATAL PURPOSE: Gen operating support and emergency relief | $13,000 |
AMERICAN FRIENDS OF ORR SHALOM PURPOSE: Gen operating support | $7,000 |
ANTI-DEFAMATION LEAGUE CT REGIONAL OFFICE PURPOSE: Gen operating support | $7,680 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: Emergency relief | $56,000 |