Jewish Free Loan Association
- Assets
- $24.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Los Angeles, CA
- Founding
- 10/1996
- Data as of
- 08/2021
- EIN
- 95-1691014
Organization Overview
Jewish Free Loan Association is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2021, Jewish Free Loan Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Free Loan Association 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 Free Loan Association generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.9m during the year ending 08/2021. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFER INTEREST-FREE LOANS TO INDIVIDUALS AND FAMILIES WHO MAY NOT QUALIFY FOR NORMAL LENDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JFLA GRANTED 1,137 LOANS DURING THE FISCAL YEAR (9/1/20-8/31/21) FOR EDUCATION, EMERGENCY NEEDS, SMALL BUSINESSES, AND JEWISH CONTINUITY. AT AUGUST 31, 2021, JFLA HAD OVER 2,550 LOANS OUTSTANDING IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel B Grose Executive Director | Officer | 37.5 | $221,667 |
Kim Carson Director Of Finance | Officer | 37.5 | $119,792 |
Sara Robyn Dir. Of Donor Cultivation | Officer | 37.5 | $93,000 |
Brandon Levin President | OfficerTrustee | 3 | $0 |
Alexa Pearl O'connor 1st Vice President | OfficerTrustee | 1 | $0 |
Adeena Bleich Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,358 |
| Related organizations | $0 |
| Government grants | $745,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,956,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,791,870 |
| Total Program Service Revenue | $0 |
| Investment income | $186,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,409 |
| Net Income from Fundraising Events | -$23,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,978,059 |
| 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. | $461,470 |
| Compensation of current officers, directors, key employees. | $109,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,621 |
| Pension plan accruals and contributions | $114,534 |
| Other employee benefits | $40,576 |
| Payroll taxes | $65,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,533 |
| Fees for services: Accounting | $63,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,200 |
| Fees for services: Other | $87,586 |
| Advertising and promotion | $95,863 |
| Office expenses | $21,072 |
| Information technology | $46,289 |
| Royalties | $0 |
| Occupancy | $97,810 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,232 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,993 |
| Insurance | $11,139 |
| All other expenses | $0 |
| Total functional expenses | $1,851,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,188 |
| Savings and temporary cash investments | $1,065,945 |
| Pledges and grants receivable | $1,000,000 |
| Accounts receivable, net | $1,266 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,600,610 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,346 |
| Net Land, buildings, and equipment | $127,537 |
| Investments—publicly traded securities | $6,570,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,084,558 |
| Accounts payable and accrued expenses | $123,773 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $71,640 |
| 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 | $997,383 |
| Total liabilities | $1,192,796 |
| Net assets without donor restrictions | $3,976,266 |
| Net assets with donor restrictions | $18,915,496 |
| 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 | $24,084,558 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewish Free Loan Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Harry & Judy Friedman Family Foundation Westlake Village, CA PURPOSE: CHARITABLE GIVING | $1,000 |
Endowment Analysis
| Beg. Balance | $250,500 |
| Earnings | $24,914 |
| Other Expense | $12,525 |
| Ending Balance | $262,889 |
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