Tidewater Jewish Foundation Inc
- Assets
- $49.6m
- Revenue
- $8.5m
- Investments
- $48.1m
- Employees
- 6
- Location
- Virginia Beach, VA
- Founding
- 02/1993
- Data as of
- 06/2020
- EIN
- 54-1653165
Organization Overview
Tidewater Jewish Foundation Inc is located in Virginia Beach, VA. The organization was established in 1993. 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. As of 06/2021, Tidewater Jewish Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidewater Jewish Foundation Inc 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 06/2020, Tidewater Jewish Foundation Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $9.0m during the year ending 06/2020. While expenses have increased by 5.7% 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, Tidewater Jewish Foundation Inc has awarded 842 individual grants totaling $42,067,056. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS AND COMMUNITY PROGRAMS ON BEHALF OF THE JEWISH COMMUNITY AND THE FOUNDATION'S AGENCY FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND COMMUNITY PROGRAMS ON BEHALF OF THE JEWISH COMMUNITY AND THE FOUNDATION'S AGENCY FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Parrish CFO | Officer | 44 | $169,440 |
Naomi Sedek CEO | Officer | 44 | $83,530 |
Jody Wagner Chairman | OfficerTrustee | 2 | $0 |
Todd Copeland Treasurer | OfficerTrustee | 3 | $0 |
Edward Kramer Audit & Finance Chair | OfficerTrustee | 1 | $0 |
Michael Barney Gift Acceptance Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,259,556 |
| Investment income | $706,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,475,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,504 |
| Pension plan accruals and contributions | $4,173 |
| Other employee benefits | $23,139 |
| Payroll taxes | $31,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,725 |
| Fees for services: Accounting | $36,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $367,649 |
| Fees for services: Other | $138,844 |
| Advertising and promotion | $44,490 |
| Office expenses | $8,420 |
| Information technology | $54,401 |
| Royalties | $0 |
| Occupancy | $28,312 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,602 |
| All other expenses | $0 |
| Total functional expenses | $8,961,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $941,235 |
| Savings and temporary cash investments | $190,087 |
| Pledges and grants receivable | $14,123 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $341,822 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $48,073,440 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,573,361 |
| Accounts payable and accrued expenses | $49,001 |
| Grants payable | $55,370 |
| 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 | $1,197,075 |
| Total liabilities | $1,301,446 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $48,271,915 |
Grants Awarded
Over the last fiscal year, Tidewater Jewish Foundation Inc has awarded $6,177,794 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
Virginia Beach, VA PURPOSE: GENERAL OPERATIONS/DONATIONS | $2,199,625 |
Portsmouth, VA PURPOSE: GENERAL OPERATIONS/DONATIONS | $500,755 |
Virginia Beach, VA PURPOSE: GENERAL OPERATIONS/DONATIONS | $228,660 |
Norfolk, VA PURPOSE: GENERAL OPERATIONS/DONATIONS | $140,810 |
OHEF SHOLOM TEMPLE PURPOSE: GENERAL OPERATIONS/DONATIONS | $123,833 |
Norfolk, VA PURPOSE: GENERAL OPERATIONS/DONATIONS | $122,698 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tidewater Jewish Foundation Inc has recieved totaling $33,593.
| Awarding Organization | Amount |
|---|---|
Simon Family Foundation Virginia Beach, VA PURPOSE: BOOK OF LIFE UPDATES & INSURANCE PREMIUM MATCHING | $22,500 |
Robert Matz And Peggy Lee Warner Tr U-D Matz Warner Fam Foundation Denver, CO PURPOSE: JUNE AND OSCAR WARNER FUND | $6,000 |
Sally M And Stephen A Herman Foundation Inc Washington, DC PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
We & Mt Belvin Chart Tr Co Tua Glen Allen, VA PURPOSE: GENERAL SUPPORT | $1,950 |
Rashkind Family Foundation Virginia Beach, VA PURPOSE: UNRESTRICTED | $1,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Endowment Analysis
| Beg. Balance | $4,675,944 |
| Earnings | $1,025,557 |
| Other Expense | $948,820 |
| Ending Balance | $5,624,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Association For Enterprise Opportun Ity Inc Washington, DC | $11,965,213 | $13,346,284 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
Associated Black Charities Inc Baltimore, MD | $5,817,793 | $15,343,076 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of Greater Knoxville Inc Knoxville, TN | $44,188,764 | $10,173,426 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of The Mid-South Memphis, TN | $15,939,575 | $10,736,980 |
United Way Of Greater Chattanooga Chattanooga, TN | $28,378,228 | $9,851,005 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |