Jewish Federation Of Reading Pennsylvania Inc
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Wyomissing, PA
- Founding
- 09/1973
- Data as of
- 12/2023
- EIN
- 23-1728784
Organization Overview
Jewish Federation Of Reading Pennsylvania Inc is located in Wyomissing, PA. The organization was established in 1973. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Jewish Federation Of Reading Pennsylvania Inc employed 19 individuals. This organization is the central organization for a national or regional group of organizations. Jewish Federation Of Reading Pennsylvania 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, Jewish Federation Of Reading Pennsylvania Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 8 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 2015, Jewish Federation Of Reading Pennsylvania Inc has awarded 64 individual grants totaling $1,672,392. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE AND FUND PROGRAMS LIKE JEWISH FAMILY SERVICES, JCC EVENTS AND ACTIVITIES AND RAISES FUNDS THROUGH AN ANNUAL CAMPAIGN THAT BENEFITS THE READING JEWISH COMMUNITY, ISREAL AND JEWISH PEOPLE AROUND THE WORLD.
Describe the Organization's Program Activity:
COMMUNITY RELATIONS, LEADERSHIP DEVELOPMENT COMMITTEE, JEWISH FAMILY SERVICE AND SPECIFIC ASSISTANCE PROGRAMS INCLUDING: GRATZ HEBREW HIGH SCHOOL OF READING (A CHAPTER PROGRAM OFFERED TO ANY JEWISH CHILD IN THE AREA), PJ LIBRARY (PROVIDES JEWISH THEMED BOOKS TO CHILDREN 6 MONTHS THROUGH 8 YEARS; SERVED AT LEAST 60 HOUSEHOLDS) AND SERVING THE FOOD PANTRY (SERVES HUNDREDS OF JEWISH FAMILIES EACH MONTH; INCLUDES AN EMERGENCY FOOD PANTRY).
OTHER PROGRAMS- INCLUDING BUT NOT LIMITED TO COMMUNITY PARTNERSHIPS WITH AREA COLLEGES AND UNIVERSITIES AND THE SHARED INITIATIVE WITH THE HOLOCAUST LIBRARY RESOURCE CENTER AT ALBRIGHT COLLEGE.
THE LAKIN PRESCHOOL PROVIDES PRESCHOOL AND EDUCATIONAL PROGRAMMING FOR TODDLERS AGE 2 TO CHILDREN IN PREK PLUS UP TO AGE 6.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Bornstein Chairperson | OfficerTrustee | 1 | $0 |
Jennifer Koosed 1st Vice Chair | OfficerTrustee | 1 | $0 |
Sue Wilson 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Paul Schwartz Director/treasurer Beginning July | OfficerTrustee | 1 | $0 |
Debbie Goldberg Secretary | OfficerTrustee | 1 | $0 |
James Rothstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $85,902 |
| Membership dues | $17,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $684,079 |
| Noncash contributions included in lines 1a–1f | $127,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,171 |
| Total Program Service Revenue | $128,119 |
| Investment income | $34,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,543,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $376,367 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $47,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $386,668 |
| Pension plan accruals and contributions | $8,315 |
| Other employee benefits | $13,617 |
| Payroll taxes | $41,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,845 |
| Fees for services: Accounting | $53,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,864 |
| Fees for services: Other | $14,625 |
| Advertising and promotion | $0 |
| Office expenses | $33,302 |
| Information technology | $23,540 |
| Royalties | $0 |
| Occupancy | $108,335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,826 |
| Insurance | $26,495 |
| All other expenses | $24,119 |
| Total functional expenses | $1,438,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285 |
| Savings and temporary cash investments | $363,315 |
| Pledges and grants receivable | $100 |
| Accounts receivable, net | $8,585 |
| 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 | $876 |
| Net Land, buildings, and equipment | $13,990 |
| Investments—publicly traded securities | $1,057,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $494 |
| Total assets | $1,445,409 |
| Accounts payable and accrued expenses | $319,082 |
| 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 | $494 |
| Total liabilities | $319,576 |
| Net assets without donor restrictions | $1,125,733 |
| Net assets with donor restrictions | $100 |
| 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 | $1,445,409 |
Grants Awarded
Over the last fiscal year, Jewish Federation Of Reading Pennsylvania Inc has awarded $363,258 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MEIR PANIM PURPOSE: SUPPORT THE COMMUNITY SURROUNDING THE ORGANIZATION | $6,000 |
THE JEWISH FEDERATIONS OF NORTH AMERICA INC PURPOSE: SUPPORT THE COMMUNITY SURROUNDING THE ORGANIZATION | $327,258 |
CHABAD LUBAVITCH OF BERKS COUNTY PURPOSE: TO ENHANCE SECURITY DUE TO THE WAR IN ISRAEL | $10,000 |
REFORM CONGREGATION OHEB SHOLOM PURPOSE: TO ENHANCE SECURITY DUE TO THE WAR IN ISRAEL | $20,000 |