David And Inez Myers Foundation
- Assets
- $226.1m
- Revenue
- $5.9m
- Investments
- $160.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 11/1956
- Data as of
- 12/2023
- EIN
- 34-6560945
Organization Overview
David And Inez Myers Foundation is located in Cleveland, OH. The organization was established in 1956. 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. David And Inez Myers 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 12/2023, David And Inez Myers Foundation generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $8.4m during the year ending 12/2023. While expenses have increased by 0.4% 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 2018, David And Inez Myers Foundation has awarded 259 individual grants totaling $48,680,972. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER THE CHARITABLE, EDUC.& RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")
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 INCLUDING GRANT PROGRAM DESIGN, OVERSIGHT AND EXECUTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Rudin-Luria Trustee/secretary | OfficerTrustee | 0.3 | $0 |
Mozelle Jackson Treasurer | Officer | 0.2 | $0 |
Kari Blumenthal Asst Treasurer | Officer | 0.2 | $0 |
Amy Saltzman Barasch Asst Secretary | Officer | 0.2 | $0 |
Harley L Gross Trustee/pres. As Of & VP Thru 6/5/23 | OfficerTrustee | 0.3 | $0 |
Leslie D Dunn Trustee/president Thru 6/5/2023 | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellington Management Company Llp Investment Advisors | 12/30/23 | $163,819 |
Monticello Associates Inc Investment Advisors | 12/30/23 | $150,000 |
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 | $2,514,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,371,131 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,885,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,538,665 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $228,000 |
| 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 | $2,168 |
| Fees for services: Accounting | $8,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $321,990 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,125 |
| 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 | $8,374,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,787,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $63,085,999 |
| Investments—other securities | $160,151,379 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,056,383 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,021,470 |
| 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 | $14,021,470 |
| Net assets without donor restrictions | $212,034,913 |
| 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 | $226,056,383 |
Grants Awarded
Over the last fiscal year, David And Inez Myers Foundation has awarded $7,379,915 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM FUND INITIATIVES INC PURPOSE: GENERAL SUPPORT, LIVING IN ONE LAND: HIGH SCHOOL ANTI-RACISM PROGRAM | $25,000 |
BOYS & GIRLS CLUBS OF NORTHEAST OHIO PURPOSE: SUMMER PROGRAMMING AT KING KENNEDY CLUB, GENERAL SUPPORT | $17,500 |
AMERICAN CIVIL LIBERTIES UNION OF OHIO FOUNDATION INC PURPOSE: GENERAL SUPPORT | $25,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: SIEGAL LIFELONG LEARNING PROGRAM | $10,000 |
CLEVELAND HILLEL FOUNDATION INC PURPOSE: SUMMER INTERNSHIP PROGRAM, STUDENT MENTAL HEALTH AND WELLNESS PROGRAM | $42,500 |
CHILDRENS MUSEUM OF CLEVELAND PURPOSE: KINDERGARTEN READINESS WORKSHOP SERIES | $15,000 |