United Jewish Community Of The Virginia Peninsula Endowment Inc
- Assets
- $20.6m
- Revenue
- $2.6m
- Investments
- $9.1m
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 54-1900143
Organization Overview
United Jewish Community Of The Virginia Peninsula Endowment Inc is located in Newport News, VA. The organization was established in 1998. 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. United Jewish Community Of The Virginia Peninsula Endowment 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 06/2022, United Jewish Community Of The Virginia Peninsula Endowment Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 3.5% 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, United Jewish Community Of The Virginia Peninsula Endowment Inc has awarded 92 individual grants totaling $6,025,311. 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
SUPPORT THE PROGRAMS OF THE UNITED JEWISH COMMUNITY OF THE VIRGINIA PENINSULA, INC. AND OTHER PROGRAMS TO ENRICH THE EDUCATIONAL, CULTURAL, RELIGOUS, AND SOCIAL LIVES OF THE JEWISH COMMUNITY.
Describe the Organization's Program Activity:
SUPPORT OF THE PROGRAMS OF THE UNITED JEWISH COMMUNITY OF THE VIRGINIA PENINSULA, INC. AND OTHER PROGRAMS TO ENRICH THE EDUCATIONAL, CULTURAL, RELIGIOUS AND SOCIAL LIVES OF THE JEWISH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Libby David Secretary | OfficerTrustee | 1 | $0 |
E D David President/chair | OfficerTrustee | 1 | $0 |
Josh David Director | Trustee | 1 | $0 |
Arthur Fass Treasurer | OfficerTrustee | 1 | $0 |
Matthew Fass Director | Trustee | 1 | $0 |
Ralph Goldstein Director | Trustee | 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 | $1,878,006 |
| Noncash contributions included in lines 1a–1f | $851,364 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,878,006 |
| Total Program Service Revenue | $0 |
| Investment income | $203,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $577,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,639,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $952,080 |
| 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 | $50,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,652 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,994 |
| Information technology | $0 |
| 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 | $9,837 |
| All other expenses | $0 |
| Total functional expenses | $1,102,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$42,961 |
| Savings and temporary cash investments | $422,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,198 |
| 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 | $11,086,631 |
| Investments—other securities | $9,087,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,559,050 |
| Accounts payable and accrued expenses | $40,000 |
| 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 | $6,486,000 |
| Total liabilities | $6,526,000 |
| Net assets without donor restrictions | $2,267,938 |
| Net assets with donor restrictions | $11,765,112 |
| 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 | $20,559,050 |
Grants Awarded
Over the last fiscal year, United Jewish Community Of The Virginia Peninsula Endowment Inc has awarded $610,489 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVABLE DREAM PURPOSE: SUPPORT OF OPERATIONS | $25,000 |
CHRISTOPHER NEWPORT UNIVERSITY EDUCATION PURPOSE: SUPPORT OF OPERATIONS | $14,750 |
JEWISH COMMUNITY FOUNDATION OF GREATER PX PURPOSE: SUPPORT OF OPERATIONS | $10,000 |
KIWANIS CLUB OF MERCURY 64 PURPOSE: SUPPORT OF OPERATIONS | $7,000 |
HAMPTON ROADS ACADEMY PURPOSE: SUPPORT OF OPERATIONS | $100,700 |
MARINER'S MUSEUM PURPOSE: SUPPORT OF OPERATIONS | $12,600 |