Semi J And Ruth W Begun Foundation
- Assets
- $30.2m
- Revenue
- $4.0m
- Investments
- $3.9m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 34-1594565
Organization Overview
Semi J And Ruth W Begun Foundation is located in Cleveland, OH. The organization was established in 1989. 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. Semi J And Ruth W Begun 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, Semi J And Ruth W Begun Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $764.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Semi J And Ruth W Begun Foundation has awarded 32 individual grants totaling $7,332,441. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND. IN PARTICULAR, TO FURTHER THE FEDERATION'S COMMUNITY RELATIONS OBJECTIVES BY SUPPORTING, SPONSORING, INITIATING AND MONITORING PROGRAMS AND ACTIVITIES DESIGNED TO REDUCE PHYSICAL AND VERBAL VIOLENCE IN SOCIETY. WITHOUT LIMITATION, SUCH PROGRAMS OR ACTIVITIES MAY INCLUDE THOSE DESIGNED TO EDUCATE THE VERY YOUNG, TRAIN TEACHERS ON THIS SUBJECT, EDUCATE PARENTS TO REINFORCE THESE EFFORTS AND OTHERWISE EDUCATE THE PUBLIC IN AN EFFORT TO DEVELOP AND FOSTER PRO-SOCIAL SKILLS AMONG PEOPLE AND PREVENT VIOLENCE BETWEEN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL & RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION").
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Rudin-Luria Trustee | Trustee | 0.1 | $0 |
Barry Reis Treasurer | Officer | 0.2 | $0 |
Kari Blumenthal Assist Treas | Officer | 0.2 | $0 |
Jennifer Schwarz Asst. Secretary | Officer | 0.2 | $0 |
Hedy P Milgrom Secretary | Officer | 0.2 | $0 |
Dr Allan Steinhardt Trustee/president | OfficerTrustee | 0.3 | $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 | $491,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,719 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,527,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,020,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $607,500 |
| 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 | $0 |
| 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 | $126,976 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,362 |
| 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 | $764,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,325,867 |
| 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 | $22,997,064 |
| Investments—other securities | $3,920,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,243,300 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $734,000 |
| 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 | $734,000 |
| Net assets without donor restrictions | $29,509,300 |
| 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 | $30,243,300 |
Grants Awarded
Over the last fiscal year, Semi J And Ruth W Begun Foundation has awarded $602,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF CLEVELAND PURPOSE: DEEPENING JEWISH IDENTITY AND ENGAGEMENT IN NW RUSSIA, ISRAEL PHILHARMONIC ORCHESTRA, UKRAINE EMERGENCY RELIEF FUND | $552,500 |
FACING HISTORY AND OURSELVES PURPOSE: PROFESSIONAL DEVELOPMENT, FOLLOW UP SUPPORT AND ACCESS TO CURRICULAR RESOURCES AND TEACHING STRATEGIES | $50,000 |