Jack Joseph And Morton Mandel Supporting Foundation
- Assets
- $3.1b
- Revenue
- $304.6m
- Investments
- $2.6b
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/1982
- Data as of
- 06/2021
- EIN
- 34-1350566
Organization Overview
Jack Joseph And Morton Mandel Supporting Foundation is located in Cleveland, OH. The organization was established in 1982. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Jack Joseph And Morton Mandel Supporting 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 06/2021, Jack Joseph And Morton Mandel Supporting Foundation generated $304.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $44.2m during the year ending 06/2021. While expenses have increased by 14.2% per year over the past 6 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 2019, Jack Joseph And Morton Mandel Supporting Foundation has awarded 33 individual grants totaling $31,033,906. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
JACK, JOSEPH AND MORTON MANDEL SUPPORTING FOUNDATION IS A SUPPORTING FOUNDATION OF THE JEWISH FEDERATION OF CLEVELAND AND AS SUCH, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL OR RELIGIOUS PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE FEDERATION. IT WAS ESTABLISHED TO MEET IDENTIFIED NEEDS OF THE JEWISH AND GENERAL COMMUNITIES.
Describe the Organization's Program Activity:
GRANTS AND EXPENSES PAID TO ORGANIZATIONS MADE TO FURTHER CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND (FEDERATION)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen H Hoffman See Sch O Trustee And President | OfficerTrustee | 1.7 | $0 |
Dan A Polster Trustee And VP | OfficerTrustee | 0.3 | $0 |
Barry Reis Treasurer | Officer | 0.7 | $0 |
Hedy Milgrom Secretary | Officer | 0.7 | $0 |
Kathryn Palus Asst Treasurer | Officer | 20 | $0 |
Charles Horowitz Ratner Trustee | Trustee | 0.2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $27,336,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $277,041,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,643,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,250,630 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,483,000 |
| 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 | $0 |
| Fees for services: Legal | $15,218 |
| Fees for services: Accounting | $48,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,008,910 |
| 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 | $44,155,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,329,784 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,312,289 |
| 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 | $481,775,168 |
| Investments—other securities | $2,599,327,371 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,137,744,612 |
| Accounts payable and accrued expenses | $5,284,792 |
| Grants payable | $57,687,304 |
| 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 | $62,972,096 |
| Net assets without donor restrictions | $3,074,772,516 |
| 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 | $3,137,744,612 |
Grants Awarded
Over the last fiscal year, Jack Joseph And Morton Mandel Supporting Foundation has awarded $24,250,630 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: COMMISSION ON JEWISH CONTINUITY, MANDEL LEADERSHIP EXCELLENCE CENTER, 2021 CAMPAIGN FOR JEWISH NEEDS, CORONAVIRUS RESPONSE EFFORT AND COMMUNITY SECURITY INITIATIVE | $8,650,000 |
New York, NY PURPOSE: JEWISH TOGETHER SCENARIO PLANNING & LIVESECURE COMMUNITY FUND | $4,475,000 |
West Palm Beach, FL PURPOSE: 2021 ANNUAL CAMPAIGN, MANDEL CENTER FOR LEADERSHIP DEVELOPMENT, PALM BEACH COUNTY FOOD BANK AND FEEDING SOUTH FLORIDA | $1,725,000 |
Cleveland Heights, OH PURPOSE: CAPITAL CAMPAIGN FOR NEW BUILDING | $1,250,000 |
Washington, DC PURPOSE: 2022 INTERNATIONAL CONVENTION | $1,000,000 |
Cleveland, OH PURPOSE: COVID-19 RELIEF WORK | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gift Clearing Trust Indianapolis, IN | $47,036,280 | $91,256,862 |
Jack Joseph And Morton Mandel Supporting Foundation Cleveland, OH | $3,137,744,612 | $304,643,754 |
L Brands Foundation Columbus, OH | $10,808,234 | $42,020,639 |
Siemer Institute Columbus, OH | $21,924,276 | $13,963,015 |
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Foundation For The Uptown Reinvestment Corporation Flint, MI | $1,872,223 | $6,455,012 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |