Menorah Park Foundation FY2023 filing

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The Menorah Park foundation's (the "Foundation") purpose is to honor and continue the respective legacies of Menorah Park and montefiore home. As a supporting Foundation of the jewish federation of cleveland, the Foundation provides grants to non-profit organizations that focus on enhancing the physical, emotional and spiritual well-being of jewish older adults in northeast ohio.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $35K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $12.2M in investments, Pt X · Ln 11–13
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$664K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
41
of 42 voting members
Looks good: 41 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+126% vs prior year
Spent
$2.9M
To programs
63%
Net assets
$28.8M
By yearFY2020–FY2025
Revenue
$4.7M
FY2023▲ +126%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.2M
FY2022$2.1M
FY2023$4.7M
FY2024$755K
FY2025$611K
Expenses
$2.9M
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$2.8M
FY2022$3.4M
FY2023$2.9M
FY2024$1.4M
FY2025$193K
Net assets
$28.8M
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.5M
FY2021$30.6M
FY2022$25.5M
FY2023$28.8M
FY2024$29.4M
FY2025$31.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1995.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $1.8M Management & general 5% · $135K Fundraising 32% · $929K

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

Something off? Claim to add context

Who runs it and what they're paid

42 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Development Officer Thru 12/31/22
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Menorah Park Foundation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds and distributes grants to provide aid and support for the elderly community in the Cleveland area.

Questions for Menorah Park Foundation

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1 program · $1.8M · in their own filed words · FY2022
01

Invest and manage Foundation assets; solicit donations and distribute grants to projects for the elderly as approved by the Board of Trustees, for the benefit of Menorah Park Center for Senior Living Bet Moshav Zekenim Hadati (the "Center"), a related organization, and the residents, tenants and clients of every service on the Menorah…

$1.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 11 grants · $9.1M · 2019–2023

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$597K
Money outPt IX
$2.9M
Ln 25
Programscol B$1.8M
Managementcol C$135K
Fundraisingcol D$929K
Owns and owesPt X
$28.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$29.4M
LiabilitiesLn 26$664K
PeoplePt VI, VII
42
listed · VII A
PaidVII A0
Voting boardVI 1a42
IndependentVI 1b41
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$597K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Pledges and grants receivableLn 3$336K
Accounts receivableLn 4$745K
Notes and loans receivableLn 7$14.0M
InvestmentsLn 11–13$12.2M
Other assetsLn 15$434K
Total assetsLn 16$29.4M
LiabilitiesLn 26$664K
Net assetsLn 32$28.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$11.9M$8.8M$10.2M$7.7M$7.7M
Given inLn 1b$2.6M$577K$102K$218K$84K
SpentLn 1d–1f$451K$422K$166K$177K$185K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$692K$1.7M
InvestmentsLn 11–13$16.0M$12.2M
Land, buildings, equipmentLn 10c$67$0
Total assetsLn 16$26.8M$29.4M
LiabilitiesLn 26$1.3M$664K
Net assetsLn 32$25.5M$28.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$244K$244K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$399K$399K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$85K$85K
Payroll taxesLn 10$42K$42K
Legal feesLn 11b$115K$115K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$68K$68K
Information technologyLn 14$7K$7K
OccupancyLn 16$12K$12K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$8K$8K
Depreciation, depletion and amortizationLn 22$67$67
Other expenses (24a–d)Ln 24$24K$0$0$24K
Total functional expensesLn 25$2.9M$1.8M$135K$929K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $611K$193K$418K$31.6M 990 PDF
FY2024Filed with the IRS May 12, 2025 $755K$1.4M−$665K$29.4M 990 PDF
FY2023 ViewingFiled with the IRS Mar 11, 2024 $4.7M$2.9M$1.8M$28.8M 990 PDF
FY2022Filed with the IRS May 3, 2023 $2.1M$3.4M−$1.3M$25.5M 990 PDF
FY2021Filed with the IRS May 16, 2022 $3.2M$2.8M$434K$30.6M 990 PDF
FY2020Filed with the IRS May 7, 2021 $2.4M$3.4M−$941K$23.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,684,908 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,984,385$4,087,922
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $86,181$596,986
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,070,566$4,684,908
I-13 Grants and similar amounts paidPrior year $2,275,122$1,797,259
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $830,156$780,344
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $247,801$283,619
I-18 Total expensesPrior year $3,353,079$2,861,222
I-19 Revenue less expensesPrior year −$1,282,513$1,823,686
Part VI · Governance 41 of 42 board members independent, 1 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members41
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,684,908 across 11 lines filed
VIII-1a Federated campaigns$370,345
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$3,717,577
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,087,922
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $596,986$596,986
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $596,986$4,684,908
Part IX · Statement of functional expenses $2,861,222 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,797,259$1,797,259
IX-5 Pay of current officers, directors and key staffFundraising $244,246$244,246
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesFundraising $399,455$399,455
IX-8 Pension plan contributionsFundraising $10,038$10,038
IX-9 Other employee benefitsFundraising $84,781$84,781
IX-10 Payroll taxesFundraising $41,824$41,824
IX-11b Legal feesManagement $115,260$115,260
IX-11c Accounting feesManagement $19,779$19,779
IX-11g Other fees for servicesFundraising $16,519$16,519
IX-12 Advertising and promotionFundraising $11,428$11,428
IX-13 Office expensesFundraising $67,796$67,796
IX-14 Information technologyFundraising $7,396$7,396
IX-16 OccupancyFundraising $11,995$11,995
IX-17 TravelFundraising $1,468$1,468
IX-19 Conferences, conventions and meetingsFundraising $8,276$8,276
IX-22 Depreciation, depletion and amortizationManagement $67$67
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $23,635$23,635
IX-25 Total functional expensesPrograms $1,797,259 · Management $135,106 · Fundraising $928,857$2,861,222
Part X · Balance sheet $29,420,266 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $691,885$1,744,897
X-3 Pledges and grants receivableStart of year $242,685$336,376
X-4 Accounts receivable$744,658
X-7 Notes and loans receivableStart of year $9,000,000$14,000,000
X-10c Land, buildings and equipment, netStart of year $67$0
X-11 Publicly traded securitiesStart of year $16,024,149$12,160,171
X-15 Other assetsStart of year $836,186$434,164
X-16 Total assetsStart of year $26,816,838$29,420,266
X-17 Accounts payable and accrued expensesStart of year $724,622$98,667
X-24 Unsecured notes and loans payableStart of year $500,000$500,000
X-25 Other liabilitiesStart of year $67,754$65,228
X-26 Total liabilitiesStart of year $1,292,376$663,895
X-27 Net assets without donor restrictionsStart of year $14,605,834$14,620,063
X-28 Net assets with donor restrictionsStart of year $10,918,628$14,136,308
X-32 Total net assets or fund balancesStart of year $25,524,462$28,756,371
X-33 Total liabilities and net assetsStart of year $26,816,838$29,420,266
Part XI · Reconciliation of net assets $28,756,371 net assets at year end
XI-1 Total revenue$4,684,908
XI-2 Total expenses$2,861,222
XI-3 Revenue less expenses$1,823,686
XI-4 Net assets at start of year$25,524,462
XI-5 Net unrealized gains (losses) on investments$1,380,381
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$27,842
XI-10 Net assets at end of year$28,756,371

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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