Jewish Heritage Fund For Excellence Inc
- Assets
- $261.1m
- Revenue
- $11.6m
- Investments
- $71.1m
- Employees
- 6
- Location
- Louisville, KY
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 20-3805455
Organization Overview
Jewish Heritage Fund For Excellence Inc, operating under the name Jewish Heritage Fund, is located in Louisville, KY. The organization was established in 2008. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Jewish Heritage Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Heritage Fund 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 12/2022, Jewish Heritage Fund generated $11.6m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $14.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jewish Heritage Fund has awarded 132 individual grants totaling $59,387,212. 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
TO SUPPORT THE JEWISH HERITAGE MITZVAH FUND AND THE MEDICAL AND GENERAL COMMUNITY (SEE SCHEDULE O) OF KENTUCKY (EXCLUDING BOONE, KENTON AND CAMPBELL COUNTIES) AND FLOYD, CLARK, HARRISON AND SCOTT COUNTIES IN INDIANA THROUGH SCIENTIFIC AND MEDICAL EDUCATION/RESEARCH, SUPPORTING JEWISH COMMUNITIES, AND SUPPORTING PUBLIC HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PROVIDED TO THE JEWISH HERITAGE MITZVAH FUND AND FOR SCIENTIFIC AND MEDICAL EDUCATION/RESEARCH; JEWISH COMMUNITIES; AND PUBLIC HEALTH AND WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Karen Abrams Vice Chair | OfficerTrustee | 1 | $0 |
William Altman Trustee | Trustee | 1 | $0 |
Betsy Bennett Trustee | Trustee | 1 | $0 |
Jon Goldberg Chair | OfficerTrustee | 1 | $0 |
Eric Goodman Trustee | Trustee | 1 | $0 |
Sandy Hammond Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fourth Street Performance Partners Investment Management | 12/30/22 | $152,927 |
Aristotle Capital Management Investment Management | 12/30/22 | $146,533 |
Angelo Gordon & Co Lp Investment Management | 12/30/22 | $131,480 |
Gw&k Investment Management Investment Management | 12/30/22 | $108,835 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $8,113,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,466,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,580,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,217,005 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,104 |
| Compensation of current officers, directors, key employees. | $217,579 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,763 |
| Pension plan accruals and contributions | $22,026 |
| Other employee benefits | $32,281 |
| Payroll taxes | $44,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,946 |
| Fees for services: Accounting | $32,977 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $841,857 |
| Fees for services: Other | $269,423 |
| Advertising and promotion | $0 |
| Office expenses | $30,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,205 |
| Travel | $21,244 |
| 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 | $27,771 |
| Insurance | $39,681 |
| All other expenses | $0 |
| Total functional expenses | $14,584,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $846,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $79,680 |
| Net Land, buildings, and equipment | $4,601,733 |
| Investments—publicly traded securities | $183,911,201 |
| Investments—other securities | $71,104,879 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $533,901 |
| Total assets | $261,077,404 |
| Accounts payable and accrued expenses | $114,982 |
| Grants payable | $2,689,835 |
| 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 | $533,901 |
| Total liabilities | $3,338,718 |
| Net assets without donor restrictions | $257,738,686 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $261,077,404 |
Grants Awarded
Over the last fiscal year, Jewish Heritage Fund For Excellence Inc has awarded $12,217,005 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
BACKSIDE LEARNING CENTER PURPOSE: PROGRAM SUPPORT | $50,000 |
BOYS AND GIRLS HAVEN PURPOSE: INDEPENDENCE READINESS | $75,000 |
COALITION SUPPORTING YOUNG ADULTS PURPOSE: CAPACITY BUILDING | $100,000 |
BIG BROTHERS BIG SISTERS OF KENTUCKIANA PURPOSE: MENTORING PROGRAM, PROJECY IGNITE EXPANSION | $160,000 |
COMMUNITY FOUNDATION OF LOUISVILLE PURPOSE: COMMUNITY SAFETY AND HEALING FUND, GIVE FOR GOOD LOUISVILLE | $260,000 |
COMMUNITY VENTURES CORPORATION PURPOSE: WEST END OPPORTUNITY PARTNERSHIP | $1,000,000 |