2018-11-13T10:02:47-06:00 2017-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2017-01-01 132563745 JERUSALEM FOUNDATION INC % SAL VIRGADAULA JERU 2126974188 420 LEXINGTON AVENUE Suite 1645 NEW YORK NY 10170 JOSEPH NADIS EXECUTIVE DIRECTOR 2126974188 2018-11-13 true Paul Hammerschmidt P01384178 2128858000 38.140.180.210 26308920183175000004 2018-11-13 P 1210560841ADC29080D5D665393427DBF2BE5B27 B3CB366207B97FBF425C865AC63E7FDBA441B342 2017 2019-02-21 02:37:17Z JOSEPH NADIS 420 LEXINGTON AVE ste 1645 NEW YORK NY 10170 29884234 false X WWW.JERUSALEMFOUNDATION.ORG X 1966 NY JERUSALEM FOUNDATION, INC. MAKES GRANTS FOR PROJECTS IN JERUSALEM SUCH AS PARKS, LIBRARIES, COMMUNITY CENTERS, AND ARCHAEOLOGICAL, HEALTH, SOCIAL AND CULTURAL ACTIVITIES. 21 21 5 21 0 0 15779561 23717720 0 0 2349144 2178868 -184807 435793 17943898 26332381 11539606 12937513 0 0 477041 874215 58361 120425 711507 739860 634855 12814868 14567008 5129030 11765373 39918735 51014104 133715 116625 39785020 50897479 X WITH UNIVERSAL AND JEWISH VALUES AS THE SOURCE OF ITS INSPIRATION, THE JERUSALEM FOUNDATION SEEKS TO CREATE A JUST SOCIETY FOR ALL CITIZENS OF JERUSALEM. THE JERUSALEM FOUNDATION WORKS TOWARD CREATING AN OPEN, EQUITABLE AND MODERN SOCIETY BY RESPONDING TO THE NEEDS OF RESIDENTS AND TRYING TO IMPROVE THEIR QUALITY OF LIFE. THE JERUSALEM FOUNDATION WILL CONTINUE TO PIONEER CHANGE WHILE AT THE SAME TIME SUPPORTING EFFORTS TO PRESERVE THE HISTORY OF THE CITY. false false 12937513 12937513 0 JERUSALEM FOUNDATION, INC. MAKES GRANTS FOR PROJECTS IN JERUSALEM SUCH AS PARKS, LIBRARIES, COMMUNITY CENTERS, AND ARCHAEOLOGICAL, HEALTH, SOCIAL AND CULTURAL ACTIVITIES. 12937513 true true false false false false false true false true true true false true false true true false false false true true false true false false false false false true false false false false false false false false false false false false false false false false false true 7 0 true 5 true false false false false false false false false false false X 21 21 true false false false false false false true true false false true true true true true true false false false AL AK AZ AR CA CO CT DC FL GA IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X SAL VIRGADAULA 2126974188 420 LEXINGTON AVENUE SUITE 1645 NEW YORK NY 10170 X ALAN G HASSENFELD CHAIRMAN 2.0 0.0 X X 0 0 0 KENNETH J BIALKIN ESQ VICE CHAIRMAN 1.0 0.0 X X 0 0 0 STEPHEN R REINER SECRETARY/TREASURER 2.0 0.0 X X 0 0 0 ISAAC APPLBAUM DIRECTOR 1.0 0.0 X 0 0 0 Cassie Arison director, as of 6/17 1.0 0.0 X 0 0 0 DAVID N BOTTOMS JR DIRECTOR 1.0 0.0 X 0 0 0 DANIEL CROWN DIRECTOR 1.0 0.0 X 0 0 0 LESTER CROWN DIRECTOR 1.0 0.0 X 0 0 0 LINDA JESSELSON DIRECTOR 1.0 0.0 X 0 0 0 DR JORDAN KASSALOW DIRECTOR 1.0 0.0 X 0 0 0 NATHAN LEIGHT DIRECTOR 1.0 0.0 X 0 0 0 ISIDORE MAYROCK DIRECTOR 1.0 0.0 X 0 0 0 THEODORE MIRVIS DIRECTOR 1.0 0.0 X 0 0 0 ALLEN MODEL DIRECTOR 1.0 0.0 X 0 0 0 AMBASSADOR LYNDON OLSON JR DIRECTOR 1.0 0.0 X 0 0 0 DAVID RECANATI DIRECTOR 1.0 0.0 X 0 0 0 CRAIG REICHER DIRECTOR 1.0 0.0 X 0 0 0 STEVEN SCHEINFELD ESQ GENERAL COUNSEL 2.0 0.0 X 0 0 0 JOHN SHAPIRO DIRECTOR 1.0 0.0 X 0 0 0 HERBERT S WANDER ESQ DIRECTOR 1.0 0.0 X 0 0 0 LEONARD A WILF DIRECTOR 1.0 0.0 X 0 0 0 Moshe Fogel Executive Director thru 12/17 35.0 0.0 X 644436 0 28664 Joseph Nadis Executive Director as of 12/17 35.0 0.0 X 22212 0 0 666648 0 28664 1 false true false KIWI PARTNERS INC 237 West 35th Street Suite 1101 NEW YORK NY 10001 ACCOUNTING 175500 1 16000000 7717720 5262 23717720 0 77424 77424 0 411913 411913 0 0 0 5653297 3551853 2101444 2101444 0 0 0 0 0 0 0 0 0 INSURANCE PROCEEDS 900099 16365 16365 MISCELLANEOUS REVENUE 900099 7515 7515 23880 26332381 513217 0 0 12937513 12937513 0 695312 400595 294717 0 126144 72676 53468 8855 5102 3753 13304 7665 5639 30600 17629 12971 0 0 222500 222500 0 120425 120425 0 106745 7502 99243 0 44127 25687 18440 13576 10728 2848 0 127090 73221 53869 83087 47869 35218 0 0 0 0 4061 4061 8312 8312 EQUIPMENT MAINTENANCE 7836 7836 FILING FEES AND TAXES 4064 1666 2398 DIRECT MAIL EXPENSES 1410 1410 MISCELLANEOUS 12047 4939 7108 14567008 12937513 917988 711507 148978 321671 4258009 6070056 9443017 20523742 7808 17739 0 0 0 0 0 0 0 0 24958 24644 192445 187395 7207 5050 1063272 1711494 18562954 19115227 0 0 0 0 6402532 3224481 39918735 51014104 133715 116625 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133715 116625 X 6438240 6247830 17719550 29022419 15627230 15627230 39785020 50897479 39918735 51014104 11765373 -652914 X false true X true false X 17920407 9652286 8659309 15779561 23717720 75729283 0 0 17920407 9652286 8659309 15779561 23717720 75729283 19402319 56326964 699565 80511 389625 23068 489337 1682106 0 22493 22783 19519 7341 23880 96016 77507405 0.72673 0.75248 X 1415646 X false 23903762 1442526 1098346 122038 24125904 24485720 856142 1294284 143816 23903762 27286864 -1489117 1180896 131131 24485720 25905675 2719573 1206984 131400 27286864 24527173 2597383 1088914 129967 25905675 0.00000 0.64770 0.35230 false false 0 0 0 0 0 8588 8588 0 102428 97378 5050 81429 81429 0 5050 OTHER INVESTMENT COMPANIES 19115227 F 19115227 DUE FROM JERUSALEM FDN ISRAEL 3700 CONTRIBUTED WORKS OF ART 1415646 SECURITY DEPOSITS 18176 & OTHER INVESTMENT COMPANIES 1786959 3224481 0 0 X 25687992 -652914 57415 -595499 26283491 48890 48890 26332381 14575533 57415 57415 14518118 48890 48890 14567008 PART III, LINE 4: THE ANTIQUE MUSICAL EQUIPMENT IS ON LOAN TO THE JERUSALEM SYMPHONY ORCHESTRA. THE FILM AND VIDEO PRINTS ARE ON LOAN TO THE CINEMATHEQUE IN JERUSALEM. THE JUDAICA COLLECTION AND JEWELRY ARE ON LOAN TO THE ISRAEL MUSEUM AND NATURE PARK AND GALLERIES AT THE HEBREW UNIVERSITY OF JERUSALEM, RESPECTIVELY. PART V, LINE 4: THE ENDOWMENT IS USED TO FUND BOARD-APPROVED PROGRAMS AND PROJECTS IN JERUSALEM. PART X, LINE 2: Under ASC 740, "income taxes", an organization MUST RECOGNIZE THE TAX IMPACT OF A TAX POSITION TAKEN ON A TAX RETURN WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL not BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. JERUSALEM FOUNDATION, INC. (THE "REPORTING ORGANIZATION") DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE REPORTING ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE REPORTING ORGANIZATION HAS FILED INTERNAL REVENUE SERVICE FORM 990 TAX RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHEN IT IS REQUIRED. FOR THE YEAR ENDED DECEMBER 31, 2017, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE REPORTING ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF DECEMBER 31, 2017, THE REPORTING ORGANIZATION WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR THE YEARS PRIOR TO 2014. PART XI, LINE 4B AND PART XII, LINE 4B: Professional Fundraising Services....$47,480. DIRECT MAIL EXPENSES.................$1,410. TOTAL................................$48,890. true Middle East and North Africa 0 0 Grantmaking SUPPORT FOR PROJECTS 12937513 Central America and the Caribbean 0 0 Investments 19115227 0 0 0 0 32052740 32052740 Middle East and North Africa CHARITABLE 12937513 Wire 1 true false true false false false PART I, LINE 2: GRANTS ARE GIVEN THROUGHOUT THE YEAR TO THE JERUSALEM FOUNDATION, ISRAEL TO SUPPORT VARIOUS PROJECTS AND PROGRAMS. THE JERUSALEM FOUNDATION, ISRAEL PROVIDES MONTHLY UPDATES ON PROJECT AND PROGRAM ACTIVITY TO THE JERUSALEM FOUNDATION, NY. GRANT FUNDS PROVIDED ARE ALSO MONITORED AGAINST PROGRAM BUDGETS AND SIGNIFICANT VARIANCES ARE EXPLAINED. X X X X X true ADS ADVERTISING MAILING SERVICES 105 ann street newburgh NY 12550 DIRECT MAIL false 69147 47480 21667 Perry Davis Associates INC 25 W 45TH STREET SUITE 1405 NEW YORK NY 10036 CONSULTANT false 124695 72945 51750 193842 120425 73417 AL AK AZ AR CA CO CT DC FL GA IL KS KY LA ME MD MA MI MN MS MO MT NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X true false false false false false false false false Moshe Fogel Executive Director thru 12/17 249507 0 0 0 394929 0 0 0 28664 0 673100 0 0 0 PART I, LINE 4A: Moshe Fogel, executive director thru December 2017, received a severance payment of $394,929, which IS REFLECTED ON PART II, COLUMN B(III). Moshe Fogel was Executive Director of The Jerusalem Foundation for nearly 14 years and completed his tenure in December 2017. As a result of his dedicated service, Moshe received a Board approved severance payment of $394,929. FORM 990, PART VI, SECTION A, LINE 2: BOARD DIRECTORS, LESTER CROWN AND DANIEL CROWN ARE FATHER AND SON, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B: THE AUDIT COMMITTEE IS AUTHORIZED BY THE BOARD OF DIRECTORS TO REVIEW FORM 990. THE ORGANIZATION'S AUDIT FIRM PROVIDES THE AUDIT COMMITTEE WITH A DRAFT OF FORM 990 WHICH THE COMMITTEE THEN REVIEWS FOR COMPLETENESS AND ACCURACY. THE AUDIT FIRM THEN ADDRESSES ANY CONCERNS OR REVISIONS TO FORM 990 PROPOSED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN ACCEPTS THE FORM 990. The form 990 is then distributed to the full board of directors before being filed by the IRS. FORM 990, PART VI, SECTION B, LINE 12C: THE BOARD-APPROVED CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL BOARD MEMBERS AND KEY EMPLOYEES. ON AN ANNUAL BASIS, BOARD MEMBERS AND KEY EMPLOYEES MUST DISCLOSE ANY CONFLICTS THAT HE OR SHE MAY HAVE BY COMPLETING THE CONFLICTS OF INTEREST DISCLOSURE FORM AND SUBMITTING IT TO A MEMBER OF THE ORGANIZATION'S MANAGEMENT FOR REVIEW. BOARD MEMBERS AND KEY EMPLOYEES ARE ALSO RESPONSIBLE FOR PROMPTLY DISCLOSING ANY CONFLICT. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE INDEPENDENT BOARD OF DIRECTORS OF THE ORGANIZATION HAVE EMPOWERED THE BOARD CHAIRMAN AND GENERAL COUNSEL TO REVIEW AND DETERMINE THE SALARY OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES OF THE ORGANIZATION. RECENT SALARY SURVEY DATA OF SIMILAR-SIZED NONPROFIT ORGANIZATIONS IN THE NY METROPOLITAN AREA ARE REVIEWED TO DETERMINE A REASONABLE AND COMPETITIVE SALARY FOR THE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.