Jerusalem Foundation Inc in New York, New York (NY)

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Jerusalem Foundation Inc
Employer Identification Number (EIN)132563745
Name of OrganizationJerusalem Foundation Inc
AddressSuite 1645, New York, NY 10170
ActivitiesGifts, grants, or loans to other organizations, Other activity aimed t combating community deterioration
SubsectionCharitable Organization
Ruling Date08/1966
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$45,042,936
Amount of Income$20,392,288
Form 990 Revenue Amount$18,641,230
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $20,392,288
Jerusalem Foundation Inc: 

 $20,392,288
Other organizations performing similar types of work: 

 $213,501

Assets in 2013: $45,042,936
This organization: 

 $45,042,936
Other organizations performing similar types of work: 

 $74,611

Expenses in 2012: $13,943,419
This organization: 

 $13,943,419
Other organizations performing similar types of work: 

 $222,240

Income to expenses ratio in 2012: 1.5
Jerusalem Foundation Inc: 

 1.5
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 92.5%
This organization: 

 92.5%
Other organizations performing similar types of work: 

 84.2%

Employees paid over $100,000 in 2012: 75.0%
Jerusalem Foundation Inc: 

 75.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 93.3%
Jerusalem Foundation Inc: 

 93.3%
Other organizations performing similar types of work: 

 99.2%

Financial snapshot ($)

Revenue for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$15,110,967
Contributions, Gifts, Grants and Other Similar Amounts$14,098,187
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$27,834
Income from investment of tax-exempt bond proceeds$0
Royalties$355,000
Net rental income$0
Net gain from sales of assets other than inventory$494,936
Gross amount from sales of assets other than inventory (Securities / Other)$2,648,187 / $0
Less: cost or other basis and sales expenses (Securities / Other)$2,153,251 / $0
Gain or (loss) (Securities / Other)$494,936 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$135,010
Statement of Functional Expenses (for 2012)
Total functional expenses$13,943,419
Compensation of current officers, directors, trustees, and key employees$206,129
Other salaries and wages$252,644
Payroll taxes$28,824
Professional fundraising services$54,305
Other$13,401,517
Balance Sheet (for 2012)
Total assets$40,758,374
Total liabilities$111,483
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$111,483
Total net assets or fund balances$40,646,891
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$52,493,527
Gifts, grants, contributions, and membership fees received$51,322,775
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,170,752
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220062007
Total revenue$10,028,381$6,760,621$8,337,075$18,701,549$11,372,693
Contributions, gifts, grants, and similar amounts received$9,515,129$5,616,635$6,734,805$17,394,861$10,703,138
Contributions to donor advised funds$0$0
Direct public support$9,248,129$5,616,635$6,734,805$17,394,861$10,703,138
Indirect public support$267,000$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$242$252,550
Dividends and interest from securities$516,385$890,994$1,419,612$629,965$329,173
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$181,440$85,000
Gain or (loss) from sales of assets other than inventory$221,412$222,783$242,127$482,236$0
Gross amount from sales of assets other than inventory$14,872,141$3,234,642$2,912,230$4,451,446$28,328,451
Less: cost or other basis and sales expenses$14,650,729$3,011,859$2,670,103$3,969,210$28,328,451
Net income or (loss) from special events and activities$-224,545$0$0$-6,975$-15,312
Gross revenue$74,250$0$344,252$218,348$33,596
Less: direct expenses other than fundraising expenses$298,795$0$344,252$225,323$48,908
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$30,209$-59,469$19,780$18,144
Total expenses$9,960,907$14,340,164$12,463,880$9,256,062$14,322,034
Program services$8,738,756$13,124,457$11,160,301$8,041,212$13,253,931
Management and general$303,374$357,146$503,120$560,619$546,552
Fundraising$918,777$858,561$800,459$654,231$521,551
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$45,377,705$39,237,311$34,355,840$50,187,630$50,577,102
Excess or (deficit) for the year$67,474$-7,579,543$-4,126,805$9,445,487$-2,949,341
Net assets or fund balances at beginning of year$43,746,167$45,377,705$39,237,311$37,851,739$50,187,630
Other changes in net assets or fund balances$1,564,064$1,439,149$-754,666$2,890,404$3,338,813
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$14,322,034$13,253,931$546,552$521,551
Grants paid from donor advised funds$0
Other grants and allocations$13,253,931
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$47,629$0$35,722$11,907
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$258,143$0$122,510$135,633
Pension plan contributions not included above$15,171$0$6,532$8,639
Employee benefits not included above$98,237$0$37,800$60,437
Payroll taxes$22,756$0$9,798$12,958
Professional fundraising fees$148,035$0$0$148,035
Accounting fees$168,450$0$168,450$0
Legal fees$0$0$0$0
Supplies$7,007$0$3,547$3,460
Telephone$25,411$0$12,865$12,546
Postage and shipping$15,381$0$7,787$7,594
Occupancy$85,005$0$43,035$41,970
Equipment rental and maintenance$11,287$0$11,287$0
Printing and publications$12,656$0$6,408$6,248
Travel$36,885$0$18,674$18,211
Conferences, conventions, and meetings$466$0$236$230
Interest$0$0$0$0
Depreciation, depletion, etc.$12,532$0$12,532$0
Other expenses not covered above$103,052$0$49,369$53,683
Balance Sheets
20002001200220062007
Total assets$45,564,173$39,349,737$34,448,520$50,363,831$50,720,770
Cash - non-interest-bearing$0$0$0$105,154$307,630
Savings and temporary cash investments$1,270,421$1,222,112$730,390$2,005,513$10,626,588
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$8,673,736$4,369,184$2,456,182$11,614,812$9,491,353
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$17,608$52,506$49,332$23,911$31,012
Investments - publicly-traded securities$17,974,147$1,409,350
Investments - other securities$20,966,068$17,332,755$19,681,030$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$14,487,073$16,149,885$11,169,799$17,862,398$27,302,261
Land, buildings, and equipment less accumulated depreciation$70,280$62,979$48,184$17,987$8,127
Other assets, including program-related investments$78,987$160,316$313,603$759,909$1,544,449
Total liabilities$186,468$112,426$92,680$176,201$143,668
Accounts payable and accrued expenses$186,468$112,426$92,680$103,625$121,830
Grants payable$0$0$0$28,466$21,838
Deferred revenue$0$0$0$44,110$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0
Other liabilities$0$0$0$0$0
Total liabilities and net assets/fund balances$45,564,173$39,349,737$34,448,520$50,363,831$50,720,770
Total net assets or fund balances$45,377,705$39,237,311$34,355,840$50,187,630$50,577,102
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220062007
Total revenue$10,028,381$6,760,621$8,337,075$18,701,549$11,372,693
Total revenue, gains, and other support per audited financial statements$11,574,983$8,065,778$8,306,307$21,484,080$14,582,569
Other expenses$1,564,064$1,562,705$277,268$2,975,263$3,379,838
Net unrealized gains on investments$1,564,064$1,439,149$201,509$2,890,404$3,338,813
Donated services and use of facilities$0$123,556$75,759$84,859$41,025
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$17,462$257,548$308,036$192,732$169,962
Investment expenses$0$0$0$11,408$6,994
Other$17,462$257,548$308,036$181,324$162,968
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220062007
Total expenses$9,960,907$14,340,164$12,463,880$9,256,062$14,322,034
Total expenses and losses per audited financial statements$9,943,445$14,206,172$12,231,603$9,148,189$14,193,097
Other revenue$0$123,556$75,759$84,859$41,025
Donated services and use of facilities$0$123,556$75,759$84,859$41,025
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$17,462$257,548$308,036$192,732$169,962
Investment expenses$0$0$0$11,408$6,994
Other$17,462$257,548$308,036$181,324$162,968
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
3$33,557$14,072$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings26
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20065
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$669,555$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$252,550$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$329,173$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Royalty income excluded by section 512(b)(2)$85,000$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-15,312$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$18,144$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$135,378$32,940$0
$74,360$13,963$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120052006
Total$16,194,680$9,806,969$6,537,838$6,603,718$18,219,313
Gifts, grants, and contributions received$15,118,101$9,515,129$5,616,635$6,039,419$17,394,861
Membership fees received$2,500$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,074,079$516,385$890,994$544,363$811,647
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$-224,545$30,209$19,936$12,805
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska1
Alabama1
Arkansas1
Arizona4
California40
Colorado3
Connecticut3
District of Columbia15
Delaware4
Florida11
Georgia7
Illinois15
Indiana3
Kansas3
Massachusetts13
Maryland12
Michigan11
Minnesota1
Missouri2
Montana1
North Carolina1
Nebraska1
New Jersey20
Nevada3
New York91
Ohio2
Oklahoma2
Oregon1
Pennsylvania10
Rhode Island2
South Carolina2
Tennessee3
Texas14
Virginia17
Vermont1
Washington4
Wisconsin4
Wyoming1
International2
Total332

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