Sholom Foundation
- Assets
- $42.4m
- Revenue
- $5.2m
- Investments
- $94.0k
- Employees
- 5
- Location
- St Louis Park, MN
- Founding
- 03/1986
- Data as of
- 09/2021
- EIN
- 36-3411361
Organization Overview
Sholom Foundation is located in St Louis Park, MN. The organization was established in 1986. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2021, Sholom Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sholom 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 09/2021, Sholom Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sholom Foundation has awarded 32 individual grants totaling $9,345,053. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND PROMOTE EXCELLENCE IN SERVICE TO THE ELDERLY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PROVIDED TO ENHANCE THE FACILITIES AND PROGRAMMING OF SHOLOM COMMUNITY ALLIANCE AND ITS AFFILIATES (COLLECTIVELY SCA). SCA PROVIDES SHORT AND LONG-TERM NURSING HOME CARE, ASSISTED LIVING, HOUSING (MARKET RATE AND HUD-ASSISTED), AND COMMUNITY-BASED SERVICES, INCLUDING HOME CARE AND HOSPICE PRIMARILY TO THE ELDERLY OF THE TWIN CITIES METROPOLITAN AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Mandel Executive Director | Officer | 40 | $200,266 |
Mort Naiman Capital Campaign Director | 40 | $155,334 | |
Steve Gottlieb President | OfficerTrustee | 1 | $0 |
David Gantman Vice President | OfficerTrustee | 1 | $0 |
Michael Blum Treasurer | OfficerTrustee | 1 | $0 |
Susan Feinberg Hughes Secretary | OfficerTrustee | 1 | $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 | $1,930,707 |
| Noncash contributions included in lines 1a–1f | $23,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,930,707 |
| Total Program Service Revenue | $0 |
| Investment income | $734,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,462,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,225,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,153,932 |
| 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 | $281,588 |
| Other salaries and wages | $138,097 |
| Pension plan accruals and contributions | $14,328 |
| Other employee benefits | $62,944 |
| Payroll taxes | $28,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $128,529 |
| Fees for services: Other | $473 |
| Advertising and promotion | $35,815 |
| Office expenses | $17,412 |
| Information technology | $8,923 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,565 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $813 |
| Insurance | $616 |
| All other expenses | $1,065 |
| Total functional expenses | $1,970,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955,139 |
| Savings and temporary cash investments | $125,876 |
| Pledges and grants receivable | $103,321 |
| 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 | $6,379 |
| Net Land, buildings, and equipment | $2,113 |
| Investments—publicly traded securities | $39,152,400 |
| Investments—other securities | $93,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,978,727 |
| Total assets | $42,417,925 |
| Accounts payable and accrued expenses | $51,811 |
| Grants payable | $0 |
| 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 | $197,654 |
| Total liabilities | $249,465 |
| Net assets without donor restrictions | $997,224 |
| Net assets with donor restrictions | $41,171,236 |
| 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 | $42,417,925 |
Grants Awarded
Over the last fiscal year, Sholom Foundation has awarded $1,093,635 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: ENHANCE SERVICES PROVIDED AT RESPECTIVE FACILITY | $558,421 |
St Louis Park, MN PURPOSE: ENHANCE SERVICES PROVIDED AT RESPECTIVE FACILITY | $420,227 |
St Louis Park, MN PURPOSE: ENHANCE SERVICES PROVIDED AT RESPECTIVE FACILITY | $100,720 |
St Louis Park, MN PURPOSE: ENHANCE SERVICES PROVIDED AT RESPECTIVE FACILITY | $14,267 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sholom Foundation has recieved totaling $5,040.
| Awarding Organization | Amount |
|---|---|
Mark And Lisa Ratner Family Foundation Inc Naples, FL PURPOSE: GENERAL SUPPORT | $5,000 |
Moscoe Family Foundation Minnetonka, MN PURPOSE: GENERAL | $40 |
Endowment Analysis
| Beg. Balance | $34,075,332 |
| Earnings | $5,106,422 |
| Net Contributions | $435,011 |
| Ending Balance | $39,616,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Jones-Harrison Residence Corporation Minneapolis, MN | $13,762,725 | $18,553,018 |
Clement Manor Inc Greenfield, WI | $19,024,939 | $15,982,774 |
Attic Angel Place Inc Middleton, WI | $40,139,262 | $17,042,390 |
Northern Arizona Senior Living Community Llc Chaska, MN | $21,150,074 | $15,348,734 |
Cottage Grove Place Cedar Rapids, IA | $58,584,060 | $13,524,184 |