Tifereth Israel Synagogue Foundation EIN 39-1891607

Tifereth Israel Synagogue Foundation

EIN  39-1891607 Religious organization Des Moines, IA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports Tifereth Israel Synagogue's religious and community activities.
Leadership
Philip Bear · Director
Money in and out
$148K revenue, $132K expenses
Bottom line
97% program efficiency

Supports Tifereth Israel Synagogue's religious and community activities. For fiscal year 2024 it reported $148K in revenue, $132K in expenses, and $2.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$148K
Pt VIII · Ln 12
Total expenses
$132K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
185.1mo
months of highly liquid reserves at operating expense rate▼ -75% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -80% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$148K
FY2024▲ +109%
Expenses
$132K
FY2024▲ +299%
Total assets
$2.0M
FY2024▲ +1%
Total liabilities
$0
FY2024
Total revenue
$148K
Pt VIII · Ln 12
Total expenses
$132K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $128K of program spending, described in the organization's own filed words · FY2024.
01

The foundation is organized exclusively for the benefit of, to perform functions for, or to carry out the purposes of tifereth israel synagogue.

$128Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTifereth Israel Synagogue Foundation
EINHdr · item D39-1891607
Principal addressHdr · item CDes Moines, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMutual/Membership (Y110)
Ruling yearIRS BMFMay 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$141K · 95%
Contributions & grants$7K · 5%
Investment income95%$141K
Contributions & grants5%$7K
Total revenueLn 12$148K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$128K
Management & general3%$4K
Total functional expensesLn 25$132K

Balance Sheet

Part X · end of year
CashLn 1$148
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $132K
185.1 months
Where the money goes
Program services
Program services $128K · Total expenses $132K
97%
Management & General
Management & general $4K · Total expenses $132K
3%
Fundraising
Fundraising $0 · Total expenses $132K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $12K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $148K
5%
Government reliance
Government grants — · Total revenue $148K
Earned-income share
Program service revenue $0 · Total revenue $148K
0%
Investment reliance
Investment income $141K · Total revenue $148K
+95%
Program self-sufficiency
Program service revenue $0 · Total expenses $132K
0%
Growth & trend
Revenue growth (YoY)
This year $148K · Prior year $71K
+109%
Revenue CAGR
FY2020 $239K · FY2024 $148K
-11%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $148K · Expenses $132K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Philip Bear · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $132K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $132K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth 109%
Accounting fee ratio 3%

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 · FY2024
See all 5 funders →
Grants paid · 5 grants · $347K · 2020–2024
Tifereth Israel SynagogueFY2024$128,273
Tifereth Israel SynagogueFY2023$30,522
Tifereth Israel SynagogueFY2022$81,522
Tifereth Israel SynagogueFY2021$80,994
Tifereth Israel SynagogueFY2020$25,562

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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 (Latest)$148K revenue · viewing · ⤓ 990 PDF
FY2023$71K revenue · ⤓ 990 PDF
FY2022$227K revenue · ⤓ 990 PDF
FY2021$181K revenue · ⤓ 990 PDF
FY2020$239K 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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