Jerusalem Foundation Inc
- Assets
- $38.4m
- Revenue
- $11.2m
- Investments
- $2.4m
- Employees
- 4
- Location
- New York, NY
- Founding
- 08/1966
- Data as of
- 12/2023
- EIN
- 13-2563745
Organization Overview
Jerusalem Foundation Inc is located in New York, NY. The organization was established in 1966. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Jerusalem Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerusalem Foundation 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 12/2023, Jerusalem Foundation Inc generated $11.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $13.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
JERUSALEM FOUNDATION, INC. MAKES GRANTS FOR PROJECTS IN JERUSALEM SUCH AS PARKS, LIBRARIES, COMMUNITY CENTERS, AND ARCHAEOLOGICAL, HEALTH, SOCIAL AND CULTURAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JERUSALEM FOUNDATION, INC. MAKES GRANTS FOR PROJECTS IN JERUSALEM SUCH AS PARKS, LIBRARIES, COMMUNITY CENTERS, AND ARCHAEOLOGICAL, HEALTH, SOCIAL AND CULTURAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Snyder Thru 102023 Executive Chairman | OfficerTrustee | 35 | $708,333 |
Joseph Nadis Executive Director | Officer | 35 | $283,250 |
Alan G Hassenfeld Chairman | OfficerTrustee | 2 | $0 |
Stephen R Reiner Secretary/treasurer | OfficerTrustee | 2 | $0 |
Steven Scheinfeld General Counsel | Trustee | 2 | $0 |
Marc Abramowitz Director (thru 10/2023) | 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 | $10,214,719 |
| Noncash contributions included in lines 1a–1f | $240,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,214,719 |
| Total Program Service Revenue | $0 |
| Investment income | $1,333,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $188,741 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$586,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,151,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,672,900 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,028,378 |
| Compensation of current officers, directors, key employees. | $442,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,443 |
| Pension plan accruals and contributions | $42,345 |
| Other employee benefits | $37,673 |
| Payroll taxes | $40,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $276,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,930 |
| Fees for services: Other | $46,095 |
| Advertising and promotion | $0 |
| Office expenses | $38,058 |
| Information technology | $11,192 |
| Royalties | $0 |
| Occupancy | $172,339 |
| Travel | $141,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,119 |
| Insurance | $5,594 |
| All other expenses | $6,619 |
| Total functional expenses | $13,706,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,372 |
| Savings and temporary cash investments | $6,620,990 |
| Pledges and grants receivable | $7,293,094 |
| 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 | $21,553 |
| Net Land, buildings, and equipment | $18,809 |
| Investments—publicly traded securities | $21,485,892 |
| Investments—other securities | $2,449,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271,033 |
| Total assets | $38,434,102 |
| Accounts payable and accrued expenses | $140,301 |
| 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 | $265,200 |
| Total liabilities | $405,501 |
| Net assets without donor restrictions | $18,402,993 |
| Net assets with donor restrictions | $19,625,608 |
| 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 | $38,434,102 |