Jerusalem Foundation Inc
- Assets
- $41.1m
- Revenue
- $16.3m
- Investments
- $2.1m
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/1966
- Data as of
- 12/2021
- 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 12/2021, Jerusalem Foundation Inc employed 5 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 12/2021, Jerusalem Foundation Inc generated $16.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $18.3m during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
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 Executive Chairman | OfficerTrustee | 35 | $850,000 |
Joseph Nadis Executive Director | Officer | 35 | $283,250 |
Stephen R Reiner Secretary/treasurer | OfficerTrustee | 2 | $0 |
Alan G Hassenfeld Chairman | OfficerTrustee | 2 | $0 |
Cassie Arison Director | Trustee | 1 | $0 |
David N Bottoms Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,646,847 |
| Noncash contributions included in lines 1a–1f | $978,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,800,719 |
| Total Program Service Revenue | $0 |
| Investment income | $2,982,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $352,409 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,156,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,301,645 |
| 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 | $16,182,448 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,167,645 |
| Compensation of current officers, directors, key employees. | $486,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,694 |
| Pension plan accruals and contributions | $43,552 |
| Other employee benefits | $0 |
| Payroll taxes | $49,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $239,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,838 |
| Fees for services: Other | $9,616 |
| Advertising and promotion | $0 |
| Office expenses | $40,417 |
| Information technology | $12,463 |
| Royalties | $0 |
| Occupancy | $150,973 |
| Travel | $59,340 |
| 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 | $15,476 |
| Insurance | $8,199 |
| All other expenses | $113,604 |
| Total functional expenses | $18,334,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,320,174 |
| Savings and temporary cash investments | $3,417,814 |
| Pledges and grants receivable | $4,660,612 |
| Accounts receivable, net | $1,160 |
| 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 | $51,088 |
| Net Land, buildings, and equipment | $42,396 |
| Investments—publicly traded securities | $25,516,690 |
| Investments—other securities | $2,061,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,626 |
| Total assets | $41,082,907 |
| Accounts payable and accrued expenses | $307,019 |
| Grants payable | $0 |
| Deferred revenue | $2,500,000 |
| 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 | $2,807,019 |
| Net assets without donor restrictions | $20,541,460 |
| Net assets with donor restrictions | $17,734,428 |
| 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 | $41,082,907 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jerusalem Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Joseph And Dorothy Goldberg Trust C/O Ear N Feldman San Diego, CA PURPOSE: SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $12,099,114 |
| Earnings | $1,511,394 |
| Admin Expense | $53,669 |
| Grants | $483,023 |
| Ending Balance | $13,073,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morasha Olami Inc Lakewood, NJ | $9,487,036 | $39,914,838 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Root Capital Inc Cambridge, MA | $84,001,332 | $21,396,934 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |
American Friends Of Maoz-Seal Inc Haverhill, MA | $984,752 | $8,827,434 |