Jewish Federation Of South Palm Beach County Inc
- Assets
- $220.3m
- Revenue
- $31.2m
- Investments
- $162.6m
- Employees
- 87
- Location
- Boca Raton, FL
- Founding
- 09/1981
- Data as of
- 08/2021
- EIN
- 59-1945109
Organization Overview
Jewish Federation Of South Palm Beach County Inc is located in Boca Raton, FL. The organization was established in 1981. 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 08/2021, Jewish Federation Of South Palm Beach County Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Federation Of South Palm Beach County 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 08/2021, Jewish Federation Of South Palm Beach County Inc generated $31.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $18.0m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jewish Federation Of South Palm Beach County Inc has awarded 124 individual grants totaling $51,578,472. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE WELFARE OF THE JEWISH COMMUNITY IN SOUTH PALM BEACH COUNTY AND ELSEWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISH FEDERATIONS OF NORTH AMERICA - SUPPORTS VARIOUS LOCAL REGIONAL NATIONAL AND OVERSEAS RECIPIENTS.
ALLOCATIONS TO COMMUNITY PARTNERSHIP ENTITIES AND AFFILIATES.
GRANTS AND ALLOCATIONS TO OTHER LOCAL AND NON-LOCAL NOT-FOR-PROFIT BENEFICIARIES.
VARIOUS PROGRAMS TO FURTHER THE WELFARE OF THE LOCAL AND NON-LOCAL JEWISH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marla Egers Executive VP | 40 | $343,149 | |
Jeffrey Iserson CFO | Officer | 40 | $261,648 |
Cathrine Schwartz Chief Legacy Officer | 40 | $260,023 | |
Matthew Levin CEO | Officer | 30 | $258,102 |
Mel Lowell Cpo | Officer | 18 | $205,476 |
Alicia Spero Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunstates Security Llc Security Services | 8/30/21 | $924,831 |
American Express Merchandise | 8/30/21 | $211,183 |
Cbiz Mhm (Boca Gl) Audit | 8/30/21 | $240,426 |
Janitronics Building Services Janitorial Services | 8/30/21 | $901,288 |
Sageview Consulting Human Resources | 8/30/21 | $694,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,998,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,998,823 |
| Total Program Service Revenue | $955,903 |
| Investment income | $2,080,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $573,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,215,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,418,106 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,272 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $75,956 |
| All other expenses | $370,909 |
| Total functional expenses | $17,971,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,116,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,983,957 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,622,289 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,557,513 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $162,559,994 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,488,739 |
| Total assets | $220,329,393 |
| Accounts payable and accrued expenses | $366,999 |
| Grants payable | $3,615,622 |
| Deferred revenue | $741,537 |
| 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 | $31,375,898 |
| Total liabilities | $36,100,056 |
| Net assets without donor restrictions | $130,030,057 |
| Net assets with donor restrictions | $54,199,280 |
| 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 | $220,329,393 |
Grants Awarded
Over the last fiscal year, Jewish Federation Of South Palm Beach County Inc has awarded $7,418,106 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS EXEMPT PURPOSE. | $2,601,932 |
New York, NY PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS EXEMPT PURPOSE. | $1,729,093 |
Boca Raton, FL PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS EXEMPT PURPOSE. | $831,165 |
Boca Raton, FL PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS EXEMPT PURPOSE. | $624,197 |
Boca Raton, FL PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS EXEMPT PURPOSE. | $503,601 |
Boca Raton, FL PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS EXEMPT PURPOSE. | $376,138 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Jewish Federation Of South Palm Beach County Inc has recieved totaling $142,000.
| Awarding Organization | Amount |
|---|---|
Morris Foundation Wilmington, DE PURPOSE: 2022 ANNUAL FUND | $100,000 |
Katz Family Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $29,000 |
Organization Name not Listed PURPOSE: DONATION | | $8,000 |
Zissu Family Foundation Short Hills, NJ PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $84,269,864 |
| Earnings | $15,456,399 |
| Net Contributions | $7,847,076 |
| Other Expense | $6,100,132 |
| Ending Balance | $101,473,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Northeast Florida Inc Jacksonville, FL | $41,231,391 | $43,923,077 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
Jewish Federation Of Palm Beach County Inc West Palm Beach, FL | $188,649,798 | $40,996,005 |
United Way Of Broward County Fort Lauderdale, FL | $30,254,563 | $21,112,252 |
Heart Of Florida United Way Orlando, FL | $52,280,258 | $21,120,938 |
United Way Suncoast Inc Tampa, FL | $59,673,502 | $17,914,764 |
United Jewish Community Of Broward County Inc Davie, FL | $191,632,658 | $32,289,120 |
Jewish Federation Of South Palm Beach County Inc Boca Raton, FL | $220,329,393 | $31,215,392 |
United Way Of Lee County Inc Fort Myers, FL | $10,857,756 | $16,905,483 |
United Way Of Palm Beach County Inc West Palm Beach, FL | $24,619,192 | $14,282,959 |
United Way Of Brevard County Inc Rockledge, FL | $8,481,850 | $14,549,542 |
Ocean Reef Foundation Inc Key Largo, FL | $43,415,311 | $11,490,995 |