Associated Jewish Charities Of Baltimore
- Assets
- $398.7m
- Revenue
- $51.7m
- Investments
- $332.0m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/1941
- Data as of
- 06/2022
- EIN
- 52-6024192
Organization Overview
Associated Jewish Charities Of Baltimore is located in Baltimore, MD. The organization was established in 1941. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Associated Jewish Charities Of Baltimore 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, Associated Jewish Charities Of Baltimore generated $51.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $45.4m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 7 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, Associated Jewish Charities Of Baltimore has awarded 3,569 individual grants totaling $251,238,153. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING TITLE TO & INVESTING THE ASSETS OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE.
Describe the Organization's Program Activity:
THE AJC OPERATES AN INVESTMENT PROGRAM FOR THE ASSOCIATED: JCFB, ITS AGENCIES, SUPPORTING FOUNDATIONS, DONOR ADVISED FUNDS, AND OTHER TAX-EXEMPT PUBLIC ORGANIZATIONS THAT ARE CONNECTED WITH THE WORK OF THE ASSOCIATED. THE INVESTMENT PROGRAM IS MANAGED BY PROFESSIONAL STAFF EMPLOYED BY THE ASSOCIATED AND IS OVERSEEN BY AN INVESTMENT COMMITTEE PROCESS INVOLVING OVER 45 VOLUNTEERS WITH INVESTMENT AND BUSINESS EXPERTISE. THE ASSETS INVESTED IN THIS PROGRAM ARE CRITICAL TO THE SUCCESS OF THE OVERALL JEWISH COMMUNITY WITH DISTRIBUTIONS THEREFROM MOSTLY SUPPORTING THE OVERALL BALTIMORE AND LARGER JEWISH COMMUNITY TAX EXEMPT PUBLIC ORGANIZATIONS. THE FEES GENERATED FROM THIS ACTIVITY COVERS ALL RELATED COSTS OF OPERATING THIS CRITICAL PROGRAM.
THE AJC OWNS AND MANAGES THE REAL ESTATE PROPERTY THAT THE ASSOCIATED AND ITS AGENCIES OPERATES FROM. THE AJC IS RESPONSIBLE FOR ALL TYPICAL LANDLORD COSTS OF MAINTAINING THESE PROPERTIES AND CHARGES BOTH SECURITY AND RENT TO THE TENANTS OF THESE PROPERTIES.
PLANNED GIVING ASSETS: THE AJC MANAGES THE ASSETS OF THE PLANNED GIVING PROGRAM OF THE ASSOCIATED. THESE INCLUDE CHARITABLE REMAINDER TRUSTS IN WHICH THE AJC OR THE ASSOCIATED HAVE BEEN DESIGNATED CORPORATE TRUSTEE, CHARITABLE GIFT ANNUITIES, POOLED INCOME FUNDS AND LIFE INSURANCE POLICIES OWNED BY THE AJC AND/OR THE ASSOCIATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fritzi Hallock President | OfficerTrustee | 4 | $0 |
Marc B Terrill Secretary & Executive Director | OfficerTrustee | 4 | $0 |
Howard K Cohen Treasurer | OfficerTrustee | 4 | $0 |
Josh Fidler First Vice President | OfficerTrustee | 4 | $0 |
Ira Malis Vice President | OfficerTrustee | 4 | $0 |
Mark Smolarz Coo/cfo | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Technology Partners Investment Transaction Services | 6/29/22 | $335,692 |
Fund Evaluation Group Investment Consulting | 6/29/22 | $298,319 |
Facility Control Systems Llc General Contractor | 6/29/22 | $103,500 |
Wilmington Trust Custodian | 6/29/22 | $106,234 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,680,293 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,763,003 |
| Noncash contributions included in lines 1a–1f | $13,607,226 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,443,296 |
| Total Program Service Revenue | $0 |
| Investment income | $11,213,098 |
| 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 | $51,667,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,901,711 |
| 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 | $22,594 |
| 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 | $2,375,135 |
| Fees for services: Other | $191,398 |
| Advertising and promotion | $0 |
| Office expenses | $4,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $142,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,580,096 |
| Insurance | $0 |
| All other expenses | $138,357 |
| Total functional expenses | $45,393,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,497,062 |
| 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 | $41,756 |
| Net Land, buildings, and equipment | $41,533,192 |
| Investments—publicly traded securities | $11,398,992 |
| Investments—other securities | $332,006,919 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,575,472 |
| Total assets | $398,678,795 |
| Accounts payable and accrued expenses | $146,460 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,445,000 |
| 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 | $25,000 |
| Other liabilities | $155,293 |
| Total liabilities | $7,771,753 |
| Net assets without donor restrictions | $297,976,648 |
| Net assets with donor restrictions | $92,930,394 |
| 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 | $398,678,795 |
Grants Awarded
Over the last fiscal year, Associated Jewish Charities Of Baltimore has awarded $35,873,621 in support to 528 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: GENERAL SUPPORT | $12,992,113 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $1,943,331 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $1,318,693 |
Providence, RI PURPOSE: GENERAL SUPPORT | $579,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $520,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $493,058 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Associated Jewish Charities Of Baltimore has recieved totaling $61,500.
| Awarding Organization | Amount |
|---|---|
Strauss Foundation Incorporated Owings Mills, MD PURPOSE: CHARITABLE | $41,500 |
Louis And Phyllis Friedman Foundation Inc Towson, MD PURPOSE: IDALEE FRIEDMAN SCHOLARSHIP & PRIZE | $10,000 |
Louis And Phyllis Friedman Foundation Inc Towson, MD PURPOSE: OPERATIONS | $10,000 |
Endowment Analysis
| Beg. Balance | $162,610,000 |
| Earnings | -$25,023,000 |
| Net Contributions | $13,389,000 |
| Other Expense | $9,909,000 |
| Ending Balance | $141,067,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Worldwide Alexandria, VA | $83,810,591 | $113,428,823 |
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |