Overview
What is Jewish Foundation For Group Homes Endowment Inc?
Jewish Foundation For Group Homes Endowment Inc, based in Rockville, Maryland, is a nonprofit organization with a primary focus on managing and growing an investment portfolio. The earnings generated from this portfolio are intended to support the annual spending needs of Jewish Foundation for Group Homes, Inc., known as Makom, according to an established policy. The Foundation's mission is to raise and responsibly manage endowment funds, contributing to the betterment of Jewish Foundation for Group Homes, Inc. (D.B.A. Makom).
Is Jewish Foundation For Group Homes Endowment Inc legitimate?
Jewish Foundation For Group Homes Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jewish Foundation For Group Homes Endowment Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Jewish Foundation For Group Homes Endowment Inc?
The Jewish Foundation for Group Homes Endowment Inc, often referred to as Makom, has a mission to raise and manage endowment funds. Their primary objective is to support the Jewish Foundation for Group Homes Inc. by following a specific investment policy and maintaining an investment portfolio. This portfolio is aimed at generating sufficient earnings to adhere to an annual spending policy, benefiting the Jewish Foundation for Group Homes Inc. in turn. Essentially, the endowment's role is to provide financial support for the organization's activities.
Who is the CEO of Jewish Foundation For Group Homes Endowment Inc?
David Ervin is the CEO of Jewish Foundation For Group Homes Endowment Inc The CEO's salary of Jewish Foundation For Group Homes Endowment Inc is $0 and their total compensation is $311,074.
What is the revenue of Jewish Foundation For Group Homes Endowment Inc?
Jewish Foundation For Group Homes Endowment Inc's revenue in 2024 was $152,614.
Who are the executives of Jewish Foundation For Group Homes Endowment Inc and what are their salaries?
There 8 volunteers at Jewish Foundation For Group Homes Endowment Inc.
Here are 11 key members and their salaries (Jewish Foundation For Group Homes Endowment Inc's CEO's salary is $0 and their total compensation is $311,074):
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- Related: $261,571
- Other: $49,503
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- Related: $165,964
- Other: $17,185
- Compensation: $0
- Related: $181,157
- Other: $34,146
Where can I find the form 990 for Jewish Foundation For Group Homes Endowment Inc?
Jewish Foundation For Group Homes Endowment Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Jewish Foundation For Group Homes Endowment Inc
The Jewish Foundation for Group Homes Endowment Inc, often referred to as Makom, is committed to raising and managing endowment funds for its affiliated organization, Jewish Foundation for Group Homes, Inc. With a focus on stewardship, this nonprofit follows an investment policy to maintain a diversified portfolio that generates sufficient earnings. This, in turn, supports an annual spending policy, benefiting the Jewish Foundation for Group Homes, Inc. and its mission to provide group homes and related services for the Jewish community. In essence, the Jewish Foundation for Group Homes Endowment Inc serves as a financial backbone, ensuring the long-term sustainability and success of its affiliate organization, Makom.
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Impact
October, 2024
Jewish Foundation For Group Homes Endowment Inc significantly enhances the welfare of individuals with disabilities by raising and stewarding endowment funds specifically for the benefit of Jewish Foundation for Group Homes, Inc. (d.b.a. Makom). Through its strategic investment efforts, the organization maintains a robust investment portfolio that generates essential earnings. These earnings are crucial for supporting an annual spending policy directly benefiting Makom, which in turn provides housing and supportive services to those in need.
By focusing on sustainable financial growth and engagement in philanthropy, the endowment ensures that Makom can continue to deliver vital resources, fostering independence and community integration for those with disabilities. This impact not only supports individuals and families but also promotes a broader understanding of inclusivity and care within the community.
This information is meant to be a general summary of Jewish Foundation For Group Homes Endowment Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $62,651
- Gross Receipts: $559,441
Assets and Liabilities:
- Total Assets: $16,474,547
- Total Liabilities: $13,739,430
- Net Assets: $2,735,117
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Organization Details
Founding Year
2005
Principal Officer
David Ervin
NTEE Category
Code: T30 - Philanthropy
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