Temple Israel Foundation
- Assets
- $14.1m
- Revenue
- $641.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 41-1769841
Organization Overview
Temple Israel Foundation is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temple Israel 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 06/2022, Temple Israel Foundation generated $641.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $856.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TEMPLE ISRAEL FOUNDATION CELEBRATES AND SUSTAINS TEMPLE ISRAEL AND ITS ROLE AS A VOICE FOR JEWISH VALUES IN THE CITY OF MINNEAPOLIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GIVES GRANTS TO TEMPLE ISRAEL TO SUPPORT THE ADVANCEMENT OF ITS MISSION, VISION AND VALUES. THIS INCLUDES GENERAL OPERATING SUPPORT, ADVANCING TEMPLE ISRAEL'S EDUCATIONAL AND COMMUNITY PROGRAMS AND SUPPORTING ITS WORSHIP SERVICES. ADDITIONALLY, THE FOUNDATION SUPPORTS TEMPLE ISRAEL FACILITIES BY PROVIDING FUNDING FOR REGULAR MAINTENANCE AND THE IMPROVEMENT OF ITS BUILDING AND GROUNDS. GRANTS ALSO SUPPORT JEWISH EDUCATION, INCLUDING RESOURCES FOR LEARNERS WITH SPECIAL NEEDS, ENABLING THEM TO PARTICIPATE FULLY IN BOTH FORMAL AND INFORMAL LEARNING. FUNDING ALSO SUPPORTS INTERFAITH PROGRAMS TOGETHER WITH AREA CHURCHES, MOSQUES, SYNAGOGUES AND OTHER FAITH COMMUNITIES.
THE FOUNDATION SUPPORTS JEWL (JEWISH EXPERIENTIAL WHOLE-PERSON LEARNING), TEMPLE ISRAEL'S EDUCATIONAL PROGRAMMING FOR LEARNERS IN GRADES K-10. JEWL PROVIDES INSTRUCTION IN JEWISH STUDIES, INCLUDING HEBREW. ADDITIONALLY, THE FOUNDATION SUPPORTS PROGRAMMING AT TEMPLE ISRAEL'S CAMP TEKO, WHICH SERVES OVER 300 CHILDREN FROM THROUGHOUT THE TWIN CITIES, AND HOSTS JEWISH PROGRAMMING FOR ALL AGES.
THE FOUNDATION PROVIDES GRANTS TO TEMPLE ISRAEL TO ALLOCATE SCHOLARSHIPS BASED ON FINANCIAL NEED IN ORDER TO ASSURE THAT CONGREGANTS OF ALL AGES HAVE ACCESS TO PROGRAMS AND SERVICES AT TEMPLE ISRAEL AND THROUGHOUT THE JEWISH COMMUNITY. SCHOLARSHIPS ARE GRANTED FOR JEWISH EDUCATION, YOUTH PROGRAM ACTIVITIES, CAMP TEKO, JEWISH CAMPING EXPERIENCES, AND EARLY CHILDHOOD PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Gellman Immediate Past President | OfficerTrustee | 2 | $0 |
Cindy Shapiro President | OfficerTrustee | 2 | $0 |
Bob Edelstein Treasurer | OfficerTrustee | 2 | $0 |
Marc Hasko Vice President | OfficerTrustee | 2 | $0 |
Steve Kalin Vice President | OfficerTrustee | 2 | $0 |
Michael Epstein Director | Trustee | 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 | $513,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,388 |
| Total Program Service Revenue | $0 |
| Investment income | $252,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$123,748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $558,195 |
| 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 | $9,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,494 |
| Fees for services: Other | $178,744 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,492 |
| 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 | $1,226 |
| Total functional expenses | $856,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $825,036 |
| Pledges and grants receivable | $277,931 |
| 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 | $13,021,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,124,521 |
| Accounts payable and accrued expenses | $0 |
| 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 | $291,724 |
| Total liabilities | $291,724 |
| Net assets without donor restrictions | $536,559 |
| Net assets with donor restrictions | $13,296,238 |
| 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 | $14,124,521 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Temple Israel Foundation has recieved totaling $1,199,482.
| Awarding Organization | Amount |
|---|---|
Minneapolis Jewish Federation Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT, SPECIAL EDUCATION, CAMP SCHOLARSHIPS, THE BARRY ABELSON FAMILY ASSISTANCE INITIATIVE, CAMP TEKO, COVID-19 PANDEMIC RESPONSE | $1,121,115 |
Weiser Family Foundation Minneapolis, MN PURPOSE: CIRCLES OF GIVING | $39,600 |
Oren And Sharron Steinfeldt Foundation Hopkins, MN PURPOSE: CON'T SUPPORT, JEWL PROG, SCHOLASTIC AID | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $18,650 |
Lapid Family Charitable Foundation Hood River, OR PURPOSE: GENERAL | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $14,530,784 |
| Earnings | -$1,240,622 |
| Admin Expense | $70,288 |
| Net Contributions | $513,388 |
| Grants | $437,024 |
| Ending Balance | $13,296,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agate Housing And Services Inc Minneapolis, MN | $17,135,849 | $18,145,205 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Temple Israel Foundation Minneapolis, MN | $14,124,521 | $641,745 |
Minnesota Catholic Conference Saint Paul, MN | $392,885 | $767,491 |
St Pauls United Methodist Church Of Cedar Rapids Foundation Cedar Rapids, IA | $7,255,081 | $1,159,292 |
Brahmananda Saraswati Jyotish Foundation Fairfield, IA | $78,051 | $657,695 |
Ong First Friends Church Trust 1695800 Milwaukee, WI | $5,413,078 | $1,006,602 |