Menorah Park Foundation

Organization Overview

Menorah Park Foundation is located in Beachwood, OH. The organization was established in 1995. 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. Menorah Park 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, Menorah Park Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 2.9% 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 2015, Menorah Park Foundation has awarded 17 individual grants totaling $15,146,294. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MENORAH PARK FOUNDATION'S MISSION IS TO SOLICIT DONATIONS, MAKE GRANTS AND INVEST AND MANAGE FOUNDATION ASSETS FOR THE BENEFIT OF MENORAH PARK CENTER FOR SENIOR LIVING BY ASSURING EXCELLENCE IN RESIDENT CARE AND BY ENHANCING THE LIVES OF RESIDENTS, TENANTS AND CLIENTS OF EVERY SERVICE ON THE MENORAH PARK CAMPUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INVEST AND MANAGE FOUNDATION ASSETS; SOLICIT DONATIONS AND DISTRIBUTE GRANTS TO PROJECTS FOR THE ELDERLY AS APPROVED BY THE BOARD OF DIRECTORS, FOR THE BENEFIT OF MENORAH PARK CENTER FOR SENIOR LIVING ("MENORAH PARK"), A RELATED ORGANIZATION, AND THE RESIDENTS, TENANTS AND CLIENTS OF EVERY SERVICE ON THE MENORAH PARK CAMPUS.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Sokol
Cdo As Of 8/
$0
Joel Fox
Cdo Thru 7/3
$0
Richard Rivitz
President
$0
Marjorie Newman
Secretary
$0
Brenda Satterfield
CFO
$0
Ellen Chernikoff
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$134,929
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,919,601
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,054,530
Total Program Service Revenue$0
Investment income $162,376
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 $3,216,906

Grants Awarded

Over the last fiscal year, Menorah Park Foundation has awarded $1,735,996 in support to 3 organizations.

Grant RecipientAmount

MENORAH PARK CTR FOR SENIOR LIVING

Org PageRecipient Profile

Beachwood, OH

PURPOSE: PROGRAM SUPPORT

$1,485,775

Beachwood, OH

PURPOSE: PROGRAM SUPPORT

$240,000

MENORAH PARK WOMEN'S & MEN'SASSOCIATION

Org PageRecipient Profile

Beachwood, OH

PURPOSE: PROGRAM SUPPORT

$10,221
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Menorah Park Foundation has recieved totaling $330,110.

Awarding OrganizationAmount
Cleveland Foundation

Cleveland, OH

PURPOSE: MENORAH PARK-MONTEFIORE AFFILIATION

$261,500
$11,800
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$10,510
Esther And Hyman Rapport Philanthropic Tr

Beachwood, OH

PURPOSE: TO ASSIST 501(C)(3) ORGANIZATION

$10,000
Arthur E Elsie G And Betty M Kranz Family Foundation

Beachwood, OH

PURPOSE: DONEE'S STATED PURPOSE

$10,000
Sollie Rosen Memorial Foundation

Chagrin Falls, OH

PURPOSE: CHILDCARE PROGRAM FOR STAFF

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,689,378
Earnings$2,559,768
Net Contributions$101,562
Grants$165,535
Ending Balance$10,185,173

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