Chelsea Jewish Charitable Foundation Inc
- Assets
- $8.1m
- Revenue
- $300.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-1244471
Organization Overview
Chelsea Jewish Charitable Foundation Inc is located in Peabody, MA. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea Jewish Charitable 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, Chelsea Jewish Charitable Foundation Inc generated $300.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $638.2k during the year ending 12/2023. 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
THE ORGANIZATION PROVIDES FUNDRAISING AND SUPPORT SERVICES TO RELATED ORGANIZATIONS WITHIN CHELSEA JEWISH LIFECARE, INC. GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING & SUPPORT SERVICES - SPONSOR ASSISTED LIVING & REHABILITATION NON-PROFIT AFFILIATES CHELSEA JEWISH LIFECARE, INC. THROUGH EQUITY/DEFICIT FUNDING, LOAN GUARANTEE AND WORKING CAPITAL FUNDING, AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Berman CEO Emeritus/treasurer | OfficerTrustee | 1 | $0 |
Adam Berman President And CEO | OfficerTrustee | 1 | $0 |
Elizabeth Mullen COO And Clerk | OfficerTrustee | 1 | $0 |
Gilda Richman Chair | OfficerTrustee | 1 | $0 |
Judy Weiss Director | Trustee | 1 | $0 |
Jennifer Santerre CFO | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nixon Peabody Legal | 12/30/14 | $201,746 |
Altman & Company Llc Management Advisors | 12/30/14 | $206,421 |
Riemer & Braunstein Legal | 12/30/14 | $114,551 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,443 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $640,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,448 |
| Total Program Service Revenue | $0 |
| Investment income | $225,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$624,446 |
| Net Income from Fundraising Events | -$34,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,924 |
| 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 | $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 | $525,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,163 |
| Payroll taxes | $39,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30 |
| Fees for services: Other | $10,281 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,318 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,034 |
| All other expenses | $40 |
| Total functional expenses | $638,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $322,603 |
| 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 | $8,699 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,117,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,282,875 |
| Total assets | $8,053,144 |
| Accounts payable and accrued expenses | $65,987 |
| 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 | $1,525,000 |
| Total liabilities | $1,590,987 |
| Net assets without donor restrictions | $3,719,612 |
| Net assets with donor restrictions | $2,742,545 |
| 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 | $8,053,144 |