Jerusalem Foundation INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1966InternationalEIN 13-2563745

Jerusalem foundation, INC. Makes grants for projects in jerusalem such as parks, libraries, community centers, and archaeological, health, social and cultural activities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $5.3M
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.3M
+78% vs prior year
Spent
$18.3M
To programs
88%
Net assets
$38.3M
By yearFY2020–FY2024
Revenue
$16.3M
FY2021▲ +78%
Revenue by fiscal year
FY2020$9.1M
FY2021$16.3M
FY2022$20.8M
FY2023$11.2M
FY2024$16.0M
Expenses
$18.3M
FY2021▲ +68%
Expenses by fiscal year
FY2020$10.9M
FY2021$18.3M
FY2022$16.2M
FY2023$13.7M
FY2024$14.2M
Net assets
$38.3M
FY2021▼ -7%
Net assets by fiscal year
FY2020$41.2M
FY2021$38.3M
FY2022$38.0M
FY2023$38.0M
FY2024$40.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $16.2M Management & general 6% · $1.2M Fundraising 5% · $988K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

26 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Chairman
$850,000Pt VII · Sec A
Executive Director
$283,250Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director as of 10/2021
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph Nadis’s $281K as Executive Director (thru 11/2024) is at the 55th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James S Snyder——$850,000——
James S Snyder———$850,000$786,250
James S Snyder Thru 102023—$708,333———
Joseph Nadis$281,434$283,250$283,250——
Joseph Nadis———$283,250$283,250
Rabbi Joy Levitt$130,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Jerusalem Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds projects like parks, libraries, and community centers in Jerusalem.

Provided by the organization

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1 program service account for $16.2M of program spending, described in the organization's own filed words · FY2021.
01

Jerusalem foundation, inc. Makes grants for projects in jerusalem such as parks, libraries, community centers, and archaeological, health, social and cultural activities.

$16.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 15 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$16.3M
Ln 12
Gifts and grantsLn 1h$11.8M
Investment incomeLn 3$4.1M
Other incomeLn 4–11$362K
Money outPt IX
$18.3M
Ln 25
Programscol B$16.2M
Managementcol C$1.2M
Fundraisingcol D$988K
Owns and owesPt X
$38.3M
net assets · Ln 32
Cash and savingsLn 1–2$8.7M
Total assetsLn 16$41.1M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
26
listed · VII A
PaidVII A2
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.8M
Government grantsLn 1e$154K
Noncash giftsLn 1g$979K
Investment incomeLn 3$4.1M
Other incomeLn 4–11$362K
Gains on assetsLn 7$1.2M
Total revenueLn 12$16.3M
Assets in detailPt X, end of year
CashLn 1$5.3M
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$8.7M
InvestmentsLn 11–13$27.6M
Land, buildings, equipmentLn 10c$42K
Other assetsLn 15$12K
Total assetsLn 16$41.1M
LiabilitiesLn 26$2.8M
Net assetsLn 32$38.3M
OperationsPt I, VI
EmployeesI 55
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.2M$8.7M
InvestmentsLn 11–13$25.4M$27.6M
Land, buildings, equipmentLn 10c$55K$42K
Total assetsLn 16$41.5M$41.1M
LiabilitiesLn 26$278K$2.8M
Net assetsLn 32$41.2M$38.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$16.2M$16.2M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.2M$487K$681K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$160K$67K$93K
Pension plan contributionsLn 8$44K$18K$25K
Other employee benefitsLn 9$0
Payroll taxesLn 10$50K$21K$29K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$239K$239K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$82K$82K
Other fees for servicesLn 11g$10K$0$8K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$40K$21K$20K
Information technologyLn 14$12K$10K$2K
RoyaltiesLn 15$0
OccupancyLn 16$151K$56K$95K
TravelLn 17$59K$25K$35K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$114K$107K$6K
Total functional expensesLn 25$18.3M$16.2M$1.2M$988K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $16.0M$14.2M$1.8M$40.2M 990 PDF
FY2023 $11.2M$13.7M−$2.6M$38.0M 990 PDF
FY2022 $20.8M$16.2M$4.6M$38.0M 990 PDF
FY2021 Viewing $16.3M$18.3M−$2.0M$38.3M 990 PDF
FY2020 $9.1M$10.9M−$1.8M$41.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $16,301,645 across 11 lines filed
VIII-1e Government grants$153,872
VIII-1f All other contributions, gifts and grants$11,646,847
VIII-1g Noncash contributions (included above)$978,710
VIII-1h Total contributions, gifts and grants$11,800,719
VIII-3 Investment incomeExcluded from tax $2,982,335$2,982,335
VIII-5 RoyaltiesExcluded from tax $352,409$352,409
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,156,681$1,156,681
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9,501$9,501
VIII-12 Total revenueExcluded from tax $4,500,926$16,301,645
Part IX · Statement of functional expenses $18,334,211 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $16,182,448$16,182,448
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $486,780 · Fundraising $680,865$1,167,645
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $66,575 · Fundraising $93,119$159,694
IX-8 Pension plan contributionsManagement $18,156 · Fundraising $25,396$43,552
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $20,657 · Fundraising $28,892$49,549
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $239,397$239,397
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $81,838$81,838
IX-11g Other fees for servicesPrograms $0 · Management $7,909 · Fundraising $1,707$9,616
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $20,582 · Fundraising $19,835$40,417
IX-14 Information technologyManagement $10,334 · Fundraising $2,129$12,463
IX-15 Royalties$0
IX-16 OccupancyManagement $55,516 · Fundraising $95,457$150,973
IX-17 TravelManagement $24,738 · Fundraising $34,602$59,340
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $15,476$15,476
IX-23 InsuranceManagement $8,199$8,199
IX-24 Other expenses (24a–d)Management $107,256 · Fundraising $6,348$113,604
IX-25 Total functional expensesPrograms $16,182,448 · Management $1,163,413 · Fundraising $988,350$18,334,211
Part X · Balance sheet $41,082,907 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $291,201$5,320,174
X-2 Savings and temporary cash investmentsStart of year $3,914,272$3,417,814
X-3 Pledges and grants receivableStart of year $11,767,937$4,660,612
X-4 Accounts receivableStart of year $2,081$1,160
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $23,601$51,088
X-10c Land, buildings and equipment, netStart of year $55,142$42,396
X-11 Publicly traded securitiesStart of year $25,424,435$25,516,690
X-12 Other securitiesStart of year $2,452$2,061,347
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $11,626$11,626
X-16 Total assetsStart of year $41,492,747$41,082,907
X-17 Accounts payable and accrued expensesStart of year $212,318$307,019
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$2,500,000
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $66,162$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $278,480$2,807,019
X-27 Net assets without donor restrictionsStart of year $17,347,217$20,541,460
X-28 Net assets with donor restrictionsStart of year $23,867,050$17,734,428
X-32 Total net assets or fund balancesStart of year $41,214,267$38,275,888
X-33 Total liabilities and net assetsStart of year $41,492,747$41,082,907
Part XI · Reconciliation of net assets $38,275,888 net assets at year end
XI-1 Total revenue$16,301,645
XI-2 Total expenses$18,334,211
XI-3 Revenue less expenses−$2,032,566
XI-4 Net assets at start of year$41,214,267
XI-5 Net unrealized gains (losses) on investments−$905,813
XI-10 Net assets at end of year$38,275,888

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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