Jfc Weisberg Mortimer Memorial Fund

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Grants are made according to Trust Agreement dated 6-16-70, restated in 1972. Keybank as Trustee makes distributions to the Jewish Federation of Cleveland for needy & worthy students in undergraduate and post-graduate studies. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries have chosen to receive the maximum of income based on the greater of 5% of AFV or traditional income. Keybank maintains a responsiveness to the needs and activities of the beneficiary organization in the attainment of its mission.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $186K a year · 26% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 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
$64K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $8.2M in investments, Pt X · Ln 11–13
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$537K
-38% vs prior year
Spent
$570K
To programs
88%
Net assets
$8.4M
By yearFY2020–FY2025
Revenue
$537K
FY2025▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$78K
FY2021$1.1M
FY2022$660K
FY2023$1.0M
FY2024$866K
FY2025$537K
Expenses
$570K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$489K
FY2021$496K
FY2022$566K
FY2023$512K
FY2024$512K
FY2025$570K
Net assets
$8.4M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.1M
FY2021$7.7M
FY2022$7.8M
FY2023$8.3M
FY2024$8.6M
FY2025$8.4M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2009.

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% · $504K Management & general 12% · $66K

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

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Who runs it and what they're paid

1 person listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee
$63,935Pt VII · Sec A

Keybank NA’s $64K as Trustee is at the 61st percentile of top reported officer pay among 1264 $100K–1M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Keybank NA$63,935$60,540$54,511$57,149$61,332$50,704

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 Jfc Weisberg Mortimer Memorial Fund 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

Provides scholarships to needy Jewish students for undergraduate and postgraduate studies.

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1 program · $504K · in their own filed words · FY2025
01

Grants made to the Jewish Federation of Cleveland to be used for scholarship purposes for the needy and worthy undergraduate and postgraduate students.

$504Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $2.8M · 2020–2025
Jewish Federation of ClevelandOH · FY2025$504,313
Jewish Federation of ClevelandOH · FY2024$449,825
Jewish Federation of ClevelandOH · FY2023$455,944
Jewish Federation of ClevelandOH · FY2022$506,433
Jewish Federation of ClevelandOH · FY2021$432,152
Jewish Federation of ClevelandOH · FY2020$435,305

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$537K
Ln 12
Other incomeLn 4–11$343K
Investment incomeLn 3$193K
Money outPt IX
$570K
Ln 25
Programscol B$504K
Managementcol C$66K
Owns and owesPt X
$8.4M
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$8.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$193K
Other incomeLn 4–11$343K
Gains on assetsLn 7$68K
Total revenueLn 12$537K
Assets in detailPt X, end of year
SavingsLn 2$208K
Cash and savings togetherLn 1–2$208K
InvestmentsLn 11–13$8.2M
Total assetsLn 16$8.4M
LiabilitiesLn 26$0
Net assetsLn 32$8.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$277K$208K
InvestmentsLn 11–13$8.3M$8.2M
Total assetsLn 16$8.6M$8.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.6M$8.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$504K$504K
Pay of current officers, directors and key staffLn 5$64K$64K
Accounting feesLn 11c$1K$1K
All other expensesLn 24e$600$600
Total functional expensesLn 25$570K$504K$66K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 7, 2026 $537K$570K−$33K$8.4M 990 PDF
FY2024Filed with the IRS Nov 2, 2025 $866K$512K$354K$8.6M 990 PDF
FY2023Filed with the IRS May 5, 2024 $1.0M$512K$493K$8.3M 990 PDF
FY2022Filed with the IRS Oct 9, 2023 $660K$566K$94K$7.8M 990 PDF
FY2021Filed with the IRS May 7, 2022 $1.1M$496K$618K$7.7M 990 PDF
FY2020Filed with the IRS Nov 8, 2021 $78K$489K−$411K$7.1M 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 FY2025 990 (6 parts)
Part I · Summary $536,767 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $822,179$193,339
I-11 Other revenuePrior year $43,624$343,428
I-12 Total revenuePrior year $865,803$536,767
I-13 Grants and similar amounts paidPrior year $449,825$504,313
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $60,540$63,935
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,250$1,650
I-18 Total expensesPrior year $511,615$569,898
I-19 Revenue less expensesPrior year $354,188−$33,131
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $536,767 across 3 lines filed
Lines not itemized here account for $343,428 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $125,475$125,475
VIII-7 Net gain or loss on sales of assetsExcluded from tax $67,864$67,864
VIII-12 Total revenueExcluded from tax $536,767$536,767
Part IX · Statement of functional expenses $569,898 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $504,313$504,313
IX-5 Pay of current officers, directors and key staffManagement $63,935$63,935
IX-11c Accounting feesManagement $1,050$1,050
IX-24e All other expensesManagement $600$600
IX-25 Total functional expensesPrograms $504,313 · Management $65,585 · Fundraising $0$569,898
Part X · Balance sheet $8,362,185 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $277,294$207,685
X-11 Publicly traded securitiesStart of year $8,318,022$8,154,500
X-16 Total assetsStart of year $8,595,316$8,362,185
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $8,595,316$8,362,185
X-33 Total liabilities and net assetsStart of year $8,595,316$8,362,185
Part XI · Reconciliation of net assets $8,362,185 net assets at year end
XI-1 Total revenue$536,767
XI-2 Total expenses$569,898
XI-3 Revenue less expenses−$33,131
XI-4 Net assets at start of year$8,595,316
XI-9 Other changes in net assets−$200,000
XI-10 Net assets at end of year$8,362,185

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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