Endowment Fund Of Beth El Temple Of West Hartford Inc
- Assets
- $6.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 09/2003
- Data as of
- 06/2022
- EIN
- 57-1152503
Organization Overview
Endowment Fund Of Beth El Temple Of West Hartford Inc is located in West Hartford, CT. The organization was established in 2003. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Endowment Fund Of Beth El Temple Of West Hartford 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, Endowment Fund Of Beth El Temple Of West Hartford Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $317.8k during the year ending 06/2022. While expenses have increased by 9.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT, RAISE, RECEIVE AND ACCEPT PUBLIC AND PRIVATE GIFTS, TRANSFERS, ASSIGNMENTS, CONVEYANCES, BEQUESTS, DEVISES, DEEDS AND GRANTS OF REAL AND PERSONAL, TANGIBLE AND INTANGIBLE, PROPERTY, ASSETS AND FUNDS, OR ANY INTEREST THEREIN, FOR USE IN FURTHERANCE OF THE PURPOSES AND MISSION OF BETH EL TEMPLE OF WEST HARTFORD, INC. AND TO ADMINISTER, HOLD, AND INVEST, ALL OF THE PROPERTY, ASSETS AND FUNDS OF THE FOUNDATION AS AN ENDOWMENT OR OTHERWISE, AND TO EXPEND THE EARNINGS AND PRINCIPAL OF THE SAME IN FURTHERANCE OF THE PURPOSES AND MISSION OF BETH EL TEMPLE OF WEST HARTFORD, INC. CONSISTENT WITH THE TERMS CONDITIONS, OR RESTRICTIONS IMPOSED BY DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED SUPPORT TO BETH EL TEMPLE OF WEST HARTFORD, INC. IN ACCORDANCE WITH THE MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua B Gottfried Treasurer | OfficerTrustee | $0 | |
Abbey M Kreinik President | OfficerTrustee | $0 | |
Naomi Lerner Tussin Secretary | OfficerTrustee | $0 | |
Lois Koteen Trustee | Trustee | $0 | |
Jerry Leshem Trustee | Trustee | $0 | |
Marc Sussman Trustee | Trustee | $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 | $1,008,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008,660 |
| Total Program Service Revenue | $0 |
| Investment income | $143,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $307,486 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,348 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,871 |
| 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 | $259,589 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $317,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $813,274 |
| 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 | $5,724,853 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,554,178 |
| 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 | $5,933 |
| Total liabilities | $5,933 |
| Net assets without donor restrictions | $6,548,245 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,554,178 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Endowment Fund Of Beth El Temple Of West Hartford Inc has recieved totaling $11,750.
| Awarding Organization | Amount |
|---|---|
United Way Inc Hartford, CT PURPOSE: DONOR DESIGNATED GIFTS | $6,700 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,050 |
Endowment Analysis
| Beg. Balance | $6,608,063 |
| Earnings | -$750,670 |
| Admin Expense | $58,219 |
| Net Contributions | $1,008,660 |
| Other Expense | $259,589 |
| Ending Balance | $6,548,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jericho Road Ministries Buffalo, NY | $18,205,160 | $33,426,407 |
Gateways Organization Inc Monsey, NY | $26,241,298 | $11,762,904 |
Wollaston Lutheran Church Apartments Inc Quincy, MA | $16,446,016 | $3,151,671 |
American Friends Of Netiv Aryeh Inc Monsey, NY | $174,267 | $2,714,241 |
Turning Point Brooklyn Inc Brooklyn, NY | $2,563,430 | $1,977,308 |
Eagles Wings International Inc Clarence, NY | $2,162,007 | $2,431,400 |
In2 Onnuri Community Church New York New York, NY | $2,609,357 | $2,620,100 |
Affirmative Evangelism Fellowship Middletown, NY | $2,879,019 | $1,947,839 |
Straight Ahead Ministries Inc Worcester, MA | $3,731,780 | $2,558,274 |
Missionary Assembly Of God Of Marlborough Inc Marlborough, MA | $555,964 | $1,247,447 |
New Life Baptist Church Woburn, MA | $2,327,994 | $1,279,978 |
Philadelphia Pentecostal Church Danbury, CT | $3,028,905 | $1,249,380 |