Temple-Tifereth Israel Foundation
- Assets
- $21.5m
- Revenue
- $183.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 04/2008
- Data as of
- 06/2023
- EIN
- 26-1874206
Organization Overview
Temple-Tifereth Israel Foundation is located in Beachwood, OH. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temple-Tifereth Israel Foundation 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 06/2023, Temple-Tifereth Israel Foundation generated $183.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.4%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. 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 FOUNDATION WILL FURTHER CHARITABLE AND RELIGIOUS PURPOSES BY CONDUCTING ACTIVITIES FOR THE BENEFIT OF, AND PERFORMING THE FUNCTIONS OF, THE TEMPLE-TIFERETH ISRAEL, "THE TEMPLE", BY HOLDING AND INVESTING ENDOWMENT FUNDS AND OTHER FUNDS CONTRUBITED FOR THE BENEFIT OF THE TEMPLE AND MAKING DISTRBUTIONS THERE FROM TO THE TEMPLE SPECIFICALLY, THE FOUNDATION'S PRIMARY ACTIVITY IS THE PRESERVATION, PRUDENT MANAGEMENT AND PERIODIC DISTRIBUTIONS OF A PRUDENT AMOUNT OF THE INCOME AND/OR APPRECIATION FROM PAST AND FUTURE CONTRIBUTIONS MADE FOR ENDOWMENT PURPOSES TO SUPPORT THE TEMPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL FURTHER CHARITABLE AND RELIGIOUS PURPOSES BY CONDUCTING ACTIVITIES FOR THE BENEFIT OF, AND PERFORMING THE FUNCTIONS OF, THE TEMPLE-TIFERETH ISRAEL, "THE TEMPLE:, BY HOLDING AND INVESTING ENDOWMENT FUNDS AND OTHER FUNDS CONTRIBUTED FOR THE BENEFIT OF THE TEMPLE AND MAKING DISTRIBUTIONS THEREFROM TO THE TEMPLE SPECIFICALLY, THE FOUNDATION'S PRIMARY ACTIVITY IS THE PRESERVATION, PRUDENT MANAGEMENT AND PERIODIC DISTRIBUTION OF A PRUDENT AMOUNT OF THE INCOME AND/OR APPRECIATION FROM THE PAST AND FUTURE CONTRIBUTIONS MADE FOR ENDOWMENT PURPOSES TO SUPPORT THE TEMPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Scherzer President | OfficerTrustee | 0.5 | $0 |
Joan Gross Board Member | Trustee | 0.5 | $0 |
Kim Pesses Board Member | Trustee | 0.5 | $0 |
Yelena Boxer Board Member | Trustee | 0.5 | $0 |
Jim Kendis Board Member | Trustee | 0.5 | $0 |
August Napoli Executive Director | Officer | 5 | $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 | $83,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,760 |
| Total Program Service Revenue | $0 |
| Investment income | $99,350 |
| 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 | $183,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $969,018 |
| 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 | $49,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $1,029,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $243,900 |
| 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 | $21,255,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,562 |
| Total assets | $21,533,005 |
| Accounts payable and accrued expenses | $0 |
| 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 | $356,343 |
| Total liabilities | $356,343 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $21,176,662 |
| 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 | $21,533,005 |