Island Synagogue
- Assets
- $3.8m
- Revenue
- $564.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Mercer Island, WA
- Founding
- 04/1994
- Data as of
- 08/2021
- EIN
- 91-1460151
Organization Overview
Island Synagogue is located in Mercer Island, WA. The organization was established in 1994. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 08/2021, Island Synagogue employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Synagogue 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, Island Synagogue generated $564.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $446.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
TO MAINTAIN AND CONDUCT A TRADITIONAL ORTHODOX JEWISH CENTER FOR RELIGIOUS PRAYER AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED DINNERS TO ENHANCE JEWISH KNOWLEDGE AND DEVELOPCOMMUNITY OUTREACH, DESIGNED GIFT BASKETS OF FOOD FORDISTRIBUTION AMONGST THE COMMUNITY, COLLECTED ANDDISTRIBUTED MONEY TO NEEDY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kornfeld Yechezkel Rabbi | 40 | $144,200 | |
Newman Jon President | Officer | 15 | $0 |
Freidman Jon V. President | Officer | 15 | $0 |
Adut Davit Treasurer | Officer | 15 | $0 |
Chernicoff Rich Secretary | Officer | 15 | $0 |
Negrin Rick Past President | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,034 |
| Noncash contributions included in lines 1a–1f | $435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,334 |
| Total Program Service Revenue | $160,140 |
| Investment income | $828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $564,302 |
| 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. | $144,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $345 |
| Office expenses | $4,972 |
| Information technology | $3,163 |
| Royalties | $0 |
| Occupancy | $60,932 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,274 |
| Insurance | $12,377 |
| All other expenses | $4,860 |
| Total functional expenses | $446,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,659 |
| Savings and temporary cash investments | $451,364 |
| 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 | $3,334,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,241 |
| Other assets | $0 |
| Total assets | $3,835,057 |
| Accounts payable and accrued expenses | $6,376 |
| 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 | $1,652,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,185 |
| Total liabilities | $1,741,848 |
| Net assets without donor restrictions | $2,093,209 |
| 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 | $3,835,057 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Island Synagogue has recieved totaling $115,572.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE CAPITAL CAMPAIGN | $53,302 |
Newman Family Foundation Mercer Island, WA PURPOSE: GENERAL SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $12,170 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Hebrew Academy Seattle, WA | $16,007,551 | $4,230,317 |
Kavana Seattle, WA | $927,138 | $710,422 |
Island Synagogue Mercer Island, WA | $3,835,057 | $564,302 |
Torahresource Com Tacoma, WA | $47,393 | $321,616 |
Seattle Sephardic Brotherhood Seattle, WA | $3,122,328 | $214,520 |
Institute For Judaic Studies Portland, OR | $0 | $0 |
Weinstein Family Foundation Seattle, WA | $434,182 | $525,036 |
Chessed Alaska Palmer, AK | $43,191 | $0 |
Chabad Jewish Russian Center Shoreline, WA | $120,908 | $0 |
Jewish Federation Of Lane County Eugene, OR | $380,068 | $249,412 |
As The Spirit Moves Us Portland, OR | $262 | $0 |
Hope For Generations Shoreline, WA | $18,601 | $22,010 |