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Montefiore Foundation EIN 34-1788055

Montefiore Foundation

EIN  34-1788055 Public foundation / grantmaker Beachwood, OH Founded 1994
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Size
<$100K
What they do
Provides financial aid and support services to the elderly community within the Cleveland area.
Leadership
Ken Marblestone · President
Money in and out
$79K revenue, $2K expenses
Bottom line
0% program efficiency

Provides financial aid and support services to the elderly community within the Cleveland area. For fiscal year 2024 it reported $79K in revenue, $2K in expenses, and $11.7M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$79K
Pt VIII · Ln 12
Total expenses
$2K
Pt IX · Ln 25
Net assets
$11.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs▼ -100% vs prior filing year
Operating runway
77002.1mo
months of highly liquid reserves at operating expense rate▲ ×221 vs prior filing year
Surplus margin
+98%
revenue over expenses, this year▲ +258% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$79K
FY2024▼ -63%
Expenses
$2K
FY2024▼ -99%
Total assets
$12.0M
FY2024▲ +10%
Total liabilities
$297K
FY2024▼ -12%
Total revenue
$79K
Pt VIII · Ln 12
Total expenses
$2K
Pt IX · Ln 25
Net assets
$11.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$12.0M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The montefiore foundation's mission is to provide grants that aid and support the jewish elderly community in the cleveland area.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMontefiore Foundation
EINHdr · item D34-1788055
Principal addressHdr · item CBeachwood, OH
WebsiteHdr · item Jwww.menorahparkfoundation.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJan 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Debbie Rothschild’s $64K as VP - Leadership & Giving is at the 91st percentile of top reported officer pay among 129 <$100K philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2021FY2020
Seth Vilensky—$332,009
Mark Weiss—$163,750
Debbie Rothschild$64,130$113,216
Nathan Dotson—$106,555

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.

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Statement of Revenue

Part VIII
Investment income$78K · 98%
Other revenue$1K · 2%
Investment income98%$78K
Other revenue2%$1K
Total revenueLn 12$79K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$2K
Total functional expensesLn 25$2K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$12.0M
Total liabilitiesLn 26$297K
Total net assetsLn 32$11.7M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.1M · Operating expenses/yr $2K
77002.1 months
Where the money goes
Program services
Program services $0 · Total expenses $2K
0%
Management & General
Management & general $2K · Total expenses $2K
100%
Fundraising
Fundraising $0 · Total expenses $2K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $254K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $79K
0%
Government reliance
Government grants — · Total revenue $79K
—
Earned-income share
Program service revenue $0 · Total revenue $79K
0%
Investment reliance
Investment income $78K · Total revenue $79K
+98%
Program self-sufficiency
Program service revenue $0 · Total expenses $2K
0%
Growth & trend
Revenue growth (YoY)
This year $79K · Prior year $214K
-63%
Revenue CAGR
FY2019 $723K · FY2024 $79K
-36%
Net-asset trend (YoY)
End of year $11.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $79K · Expenses $2K
+98%
Liabilities-to-Assets
Total liabilities — · Total assets $12.0M
—
Net-asset ratio
Net assets $11.7M · Total assets $12.0M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $11.1M · Total assets (Pt X, ln 16) $12.0M
93%
People & payroll
Highest Reported Total Compensation
Individual Ken Marblestone · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $2K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Revenue growth -63%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
The Cleveland FoundationFY2023$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 12 grants · $6.0M · 2019–2023
The Montefiore HomeFL · FY2023$273,339
Unitemized GrantFY2023$58,000
Menorah Park Center for Senior LivingFL · FY2023$9,289
The Montefiore HomeFL · FY2022$2,246,845
Menorah Park Center for Senior LivingFL · FY2022$589,123
The Montefiore HomeFL · FY2021$837,801
Menorah Park Center for Senior LivingFL · FY2021$413,085
Montefiore Housing CorporationFL · FY2021$92,427
The Montefiore HomeFL · FY2020$502,987
Montefiore Housing CorporationFL · FY2020$8,001
The Montefiore HomeFL · FY2019$954,244
Montefiore Housing CorporationFL · FY2019$31,621

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$214K revenue · ⤓ 990 PDF
FY2023$438K revenue · ⤓ 990 PDF
FY2022$1.6M revenue · ⤓ 990 PDF
FY2021$649K revenue · ⤓ 990 PDF
FY2020$723K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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