Memphis Jewish Federation
- Assets
- $22.9m
- Revenue
- $6.3m
- Investments
- $17.9m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1942
- Data as of
- 06/2020
- EIN
- 62-0475747
Organization Overview
Memphis Jewish Federation is located in Memphis, TN. The organization was established in 1942. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Jewish Federation 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, Memphis Jewish Federation generated $6.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.6m during the year ending 06/2020. While expenses have increased by 1.6% 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, Memphis Jewish Federation has awarded 202 individual grants totaling $26,718,488. 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
THE FEDERATION SERVES AS A CENTRAL FUNDRAISING AND ALLOCATION AGENCY IN THE MEMPHIS METROPOLITAN AREA FOR THE BENEFIT OF THE JEWISH ACTIVITES AND PROMOTES HARMONY, UNDERSTANDING AND GOOD RELATIONS AMOUNG THE MEMBERS OF THE JEWISH COMMUNITY AND THE LARGER COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE INTEREST AND WELFARE IN THE JEWISH COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Finestone Chair | OfficerTrustee | 1 | $0 |
Laura Linder President/ce | OfficerTrustee | 40 | $0 |
Jimmy Ringel Secretary/ V | OfficerTrustee | 1 | $0 |
Jason Salomon Treasurer | OfficerTrustee | 1 | $0 |
Michael Kaplan Counsel | OfficerTrustee | 1 | $0 |
Jonathan Frisch Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,646,402 |
| Investment income | $395,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87,572 |
| Net Income from Fundraising Events | $17,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,269,163 |
| Statement of Expenses | |
|---|---|
| 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 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 | $917,185 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,622 |
| 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 | $75,001 |
| Information technology | $19,390 |
| Royalties | $0 |
| Occupancy | $91,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,468 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,926 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,592,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,910,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,692,497 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,902,032 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,117,307 |
| Total assets | $22,860,800 |
| Accounts payable and accrued expenses | $9,057 |
| Grants payable | $2,494,362 |
| 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 | $172,000 |
| Total liabilities | $2,675,419 |
| 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 | $20,185,381 |
Grants Awarded
Over the last fiscal year, Memphis Jewish Federation has awarded $2,073,691 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FOUNDATION OF NORTH AMERICA PURPOSE: GENERAL SUPPORT | $959,703 |
JEWISH FAMILY SERVICES PURPOSE: GENERAL SUPPORT | $411,415 |
MARGOLIN HEWBREW ACADEMY PURPOSE: GENERAL SUPPORT | $166,526 |
Memphis, TN PURPOSE: GENERAL SUPPORT | $103,216 |
MEMPHIS JEWISH HOME PURPOSE: GENERAL SUPPORT | $103,000 |
JDC (CELEB) PURPOSE: GENERAL SUPPORT | $68,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Memphis Jewish Federation has recieved totaling $111,415.
| Awarding Organization | Amount |
|---|---|
Hohenberg Charity Trust Memphis, TN PURPOSE: SUPPORT FOR THE OPERATIONS OF THE MEMPHIS JEWISH FOUNDATIONS | $50,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $17,209 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,910 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Hillel The Foundation For Jewish Campus Life Washington, DC PURPOSE: Program grant | $7,000 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $6,250 |
Endowment Analysis
| Beg. Balance | $17,752,032 |
| Earnings | $4,335,078 |
| Other Expense | $700,886 |
| Ending Balance | $21,386,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
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 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |