Shimon Ben Joseph Foundation
- Assets
- $1.3b
- Revenue
- $14.8m
- Investments
- $1.2b
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 33-1114104
Organization Overview
Shimon Ben Joseph Foundation is located in San Francisco, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shimon Ben Joseph 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 12/2022, Shimon Ben Joseph Foundation generated $14.8m 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 (17.5%) each year. All expenses for the organization totaled $91.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Shimon Ben Joseph Foundation has awarded 2,211 individual grants totaling $653,907,866. 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
2022
Describe the Organization's Program Activity:
THE RESEARCH AND DEVELOPMENT PROGRAM OF THE JIM JOSEPH FOUNDATION, ALSO CALLED COMMON ERA, IS WORKING TO EXPAND THE OFFERINGS THAT SERVE MORE YOUNG JEWS WHO MAY NOT BE SERVED BY THE JEWISH ORGANIZATIONS, SCHOOLS, AND OTHER INSTITUTIONS THAT THE FOUNDATION HAS FUNDED. THROUGH RESEARCH, EXPERIMENTATION, AND PROJECT INCUBATION, COMMON ERA IS CREATING A PIPELINE OF RELEVANT PROJECTS THAT SERVE MORE YOUNG PEOPLE WHO MAY UNDERSTAND THEIR CULTURE AND RELIGION IN DIFFERENT WAYS THAN PREVIOUS GENERATIONS OR THEIR MORE RELIGIOUS PEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Agger Vice Chair/director | 2 | $27,300 | |
Dvora Joseph Davey Director | 2 | $20,475 | |
Alisa Doctoroff Chair/director | 8 | $27,300 | |
Joshua Foer Director | 2 | $27,300 | |
Shira Goodman Director | 2 | $27,300 | |
Joshua Joseph Director | 2 | $27,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Subculture Systems Llc | 12/30/22 | $634,266 |
Leitner Insights Llc | 12/30/22 | $428,871 |
Rvk Inc | 12/30/22 | $362,894 |
Acadian Asset Management Llc | 12/30/22 | $275,177 |
Vulcan Value Partners Llc | 12/30/22 | $247,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $562,830 |
| Dividends & Interest | $14,327,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,432,883 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,334,316 |
| Total Revenue | $14,791,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,519,898 |
| Other employee salaries and wages | $3,002,067 |
| Pension plans, employee benefits | $1,005,378 |
| Interest | $0 |
| Taxes | $1,933,601 |
| Depreciation | $45,927 |
| Occupancy | $407,407 |
| Travel, conferences, and meetings | $468,175 |
| Printing and publications | $2,525 |
| Other expenses | $893,422 |
| Total operating and administrative expenses | $14,461,587 |
| Contributions, gifts, grants paid | $76,870,904 |
| Total expenses and disbursements | $91,332,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,605,429 |
| Net Accounts receivable | $89,003 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,431,357 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $424,374 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $508,294,850 |
| Net Land, buildings, and equipment | $129,055 |
| Other assets | $130,713,984 |
| Total assets | $1,335,087,353 |
| Accounts payable and accrued expenses | $1,007,730 |
| Grants payable | $87,675,918 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,301,375 |
| Total liabilities | $98,985,023 |
Grants Awarded
Over the last fiscal year, Shimon Ben Joseph Foundation has awarded $106,686,380 in support to 276 organizations.
| Grant Recipient | Amount |
|---|---|
613 FOUNDATION PURPOSE: JEWISH EDUCATION | $5,000 |
A WIDER BRIDGE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
AMERICAN FRIENDS OF BEIT HATEFUTSOT PURPOSE: ISRAEL STORY PROJECT | $20,000 |
ALEPH-ALLIANCE FOR JEWISH RENEWAL PURPOSE: ORDINATION PROGRAM | $35,000 |
AMERICAN FRIENDS OF BEIT HATEFUTSOT PURPOSE: JEWISH EDUCATION FOR NORTH AMERICAN VISITORS | $25,000 |
AMERICAN FRIENDS OF TEL AVIV UNIVERSITY PURPOSE: SUPPORT FOR U.S. STUDENTS | $10,000 |