Hebrew Free Loan Assn Of Tucson
- Assets
- $667.4k
- Revenue
- $140.5k
- Investments
- $545.0k
- Employees
- 2
- Location
- Tucson, AZ
- Founding
- 04/1953
- Data as of
- 12/2021
- EIN
- 86-6052407
Organization Overview
Hebrew Free Loan Assn Of Tucson, operating under the name Tucson Jewish Free Loan, is located in Tucson, AZ. The organization was established in 1953. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Tucson Jewish Free Loan employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tucson Jewish Free Loan 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 12/2021, Tucson Jewish Free Loan generated $140.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $94.9k during the year ending 12/2021. While expenses have increased by 13.9% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE INTEREST-FREE FINANCIAL ASSISTANCE EMPOWERING PEOPLE TO GAIN SELF-SUFFICIENCY WITH DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEBREW FREE LOAN ASSOCIATION OF TUCSON DBA TUCSON JEWISH FREE LOAN IS A NON-PROFIT CORPORATION THAT HAS SERVED THE INTEREST AND NEEDS OF PEOPLE OF ALL FAITHS IN OUR COMMUNITY SINCE 1947. TUCSON JEWISH FREE LOAN HAS BECOME A LIFELINE FOR THOSE FACING FINANCIAL CHALLENGES IN OUR COMMUNITY.IN 2021, TJFL ORIGINATED 50 NEW LOANS TOTALING $71,742.43. OF THE 50 NEW LOANS, 15 PROVIDED COVID-19 RELIEF, 21 WERE PART OF OUR EMPLOYEE FINANCIAL ASSISTANCE PROGRAM, AND 14 LOANS WERE FOR GENERAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Wexler Executive Director | Officer | 30 | $45,898 |
Scott Stovall Treasurer | OfficerTrustee | 1 | $0 |
Phillip Bregman President | OfficerTrustee | 1 | $0 |
Bruce Ash Director | Trustee | 1 | $0 |
Katie Filous Director | Trustee | 1 | $0 |
Lori Lundberg-Leung 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 | $96,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,290 |
| Total Program Service Revenue | $0 |
| Investment income | $38,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,898 |
| Compensation of current officers, directors, key employees. | $4,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,689 |
| Fees for services: Other | $3,132 |
| Advertising and promotion | $96 |
| Office expenses | $6,250 |
| Information technology | $739 |
| Royalties | $0 |
| Occupancy | $10,704 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146 |
| Insurance | $4,891 |
| All other expenses | $2,010 |
| Total functional expenses | $94,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $544,984 |
| Investments—program-related | $76,816 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $667,400 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $667,400 |
| 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 | $667,400 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hebrew Free Loan Assn Of Tucson has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Jewish Community Foundation Of Southern Arizona Tucson, AZ PURPOSE: SUPPORT | $20,000 |
Community Food Bank Inc Tucson, AZ PURPOSE: Partner Grant | $10,000 |
Community Food Bank Inc Tucson, AZ PURPOSE: Partner Grant | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |