Foundation For Jewish Day Schools Of Greater Philadelphia
- Assets
- $11.6m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2001
- Data as of
- 08/2023
- EIN
- 23-3087655
Organization Overview
Foundation For Jewish Day Schools Of Greater Philadelphia, operating under the name Na, is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Na 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 08/2023, Na generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $13.8m during the year ending 08/2023. While expenses have increased by 9.2% 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, Na has awarded 304 individual grants totaling $88,510,778. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (THE FOUNDATION), CREATED BY THE JEWISH FEDERATION OF GREATER PHILADELPHIA IN PARTNERSHIP WITH THE REGIONAL JEWISH DAY SCHOOLS, IS AN IRS-RECOGNIZED 501(C)(3) NON-PROFIT ORGANIZATION, WHOSE MISSION IS TO PROVIDE NEEDS-BASED SCHOOL SCHOLARSHIPS, WITH AN EXPANDED OPPORTUNITY TO SUPPORT ENHANCED CURRICULUM CONTENT TO STATE-APPROVED PROGRAMS PROVIDED TO PUBLIC SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED $10,194,858 IN NEEDS-BASED SCHOLARSHIPS TO 830 DAY SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO QUALIFIED FOR THE EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.CERTAIN AMOUNTS OF CONTRIBUTIONS, WITHIN ALLOWABLE LIMITS OF PROGRAM GUIDELINES, WERE SET ASIDE TO CREATE "RESERVE FUNDS" TO CREATE A SUPPLEMENTAL SOURCE FOR NEED-BASED SCHOLARSHIPS BASED ON CERTAIN TRIGGERING EVENTS, AS DEFINED: 1. A LEGISLATIVE OR GOVERNMENTAL CHANGE CREATES A NEGATIVE IMPACT ON THE PROGRAM2. UNFORESEEN CIRCUMSTANCES WHICH NEGATIVELY IMPACT THE ECONOMY, SCHOOL TUITION COLLECTIONS, ETC.3. ONCE THE TOTAL OF THE SCHOOL'S RESERVE FUNDS HAS REACHED AN AMOUNT OF OVER 50% OF THE AVERAGE OF DAY SCHOOL'S PRECEDING THREE YEARS OF EITC/OSTC CONTRIBUTIONS, THE SCHOOL MAY DISTRIBUTE FUNDS TO STUDENTS WHO ARE PENNSYLVANIA RESIDENTS ACCORDING TO EACH DAY SCHOOL'S CRITERIA FOR DETERMINING FINANCIAL NEED, OR ACCORDING TO THE STATE'S CRITERIA ALREADY FOLLOWED BY THE FOUNDATION, AT THE SCHOOL'S DISCRETION.RESERVE FUNDS, CREATED BY THESE EITC/OSTC CONTRIBUTIONS, ARE TO BE HELD AND INVESTED EITHER BY THE DAY SCHOOL OR BY THE FOUNDATION UNTIL A TRIGGERING EVENT IS MET.
THE FOUNDATION AWARDED A COMBINED $ 55,220 FOR INNOVATIVE EDUCATIONAL PROGRAM GRANTS WITH PUBLIC SCHOOLS TO: YOUTH SYMPOSIUM ON THE HOLOCAUST/MORDECHAI ANIELEWICZ ARTS COMPETITION PHILADELPHIA HOLOCAUST REMEMBRANCE FOUNDATION INC THE WEITZMAN NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY.
THE FOUNDATION AWARDED $770,357 IN NEEDS-BASED SCHOLARSHIPS TO 175 PRE-SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO ATTEND PRE-SCHOOLS THAT FOSTER JEWISH IDENTITY IN THE GREATER PHILADELPHIA AREA AND WHO QUALIFY FOR THE PRE-K EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.
THE FOUNDATION AWARDED $1,870,899 IN NEEDS-BASED SCHOLARSHIPS TO 253 DAY SCHOOL STUDENTS WHO LIVE WITHIN THE CATCHMENT AREA OF ONE OF THE 15% POOREST PERFORMING SCHOOLS IN THE COMMONWEALTH OF PENNSYLVANIA AS ALLOWED UNDER THE OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot Holtz Chairman | OfficerTrustee | 8 | $0 |
Scott Barsky Member | Trustee | 1 | $0 |
Joe Glassman Member | Trustee | 1 | $0 |
Amir Goldman Member | Trustee | 1 | $0 |
Jennifer Molish Brier Member/secretary | OfficerTrustee | 1 | $0 |
Samuel Grunberger Member | 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 | $15,987,071 |
| Noncash contributions included in lines 1a–1f | $18,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,987,071 |
| Total Program Service Revenue | $0 |
| Investment income | $697,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,684,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,891,334 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $476,475 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $475,918 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,843,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,587,438 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,134 |
| Total assets | $11,640,572 |
| Accounts payable and accrued expenses | $355,922 |
| 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 | $0 |
| Total liabilities | $355,922 |
| Net assets without donor restrictions | $11,284,650 |
| 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 | $11,640,572 |
Grants Awarded
Over the last fiscal year, Foundation For Jewish Day Schools Of Greater Philadelphia has awarded $12,890,823 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
MORRIS AND ROSE CASKEY TORAH ACADEMY OF GREATER PHILADELPHIA PURPOSE: EDUCATION - SCHOLARSHIPS | $2,147,204 |
KOHELET YESHIVA PURPOSE: EDUCATION - SCHOLARSHIPS | $1,789,413 |
JACK M BARRACK HEBREW ACADEMY PURPOSE: EDUCATION - SCHOLARSHIPS | $1,297,310 |
ABRAMS HEBREW ACADEMY PURPOSE: EDUCATION - SCHOLARSHIPS | $801,152 |
POLITZ HEBREW ACADEMY PURPOSE: EDUCATION - SCHOLARSHIPS | $1,458,783 |
THE MESIVTA HIGH SCHOOL OF GREATER PHILADELPHIA PURPOSE: EDUCATION - SCHOLARSHIPS | $531,627 |