Overview
What is Jfc-Richman Nathan G 1 Ta?
Jfc-Richman Nathan G 1 Ta is a nonprofit organization that follows a trust agreement from 1927, with KeyBank acting as the trustee. The trust's mission is to distribute its net income to the Jewish Community Federation of Cleveland, Ohio, a charitable organization that supports and assists worthy Jewish organizations in the Cleveland area. The trust's beneficiaries can choose to receive either 5% of the adjusted net asset value (AFV) or traditional income, as per the agreement. The trustee has the authority to amend the document to ensure its continuation as a 509(a)3 organization. The trust is located in Brooklyn, Ohio, at 4900 Tiedeman Road.
Is Jfc-Richman Nathan G 1 Ta legitimate?
Jfc-Richman Nathan G #1 Ta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jfc-Richman Nathan G #1 Ta 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: $6,553
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Jfc-Richman Nathan G 1 Ta?
The organization, identified as Jfc-Richman Nathan G 1 Ta, distributes its net income, as per a trust agreement from May 2, 1927. The agreement mandates KeyBank, as trustee, to disburse the income to the Jewish Community Federation of Cleveland, Ohio. The primary function of this Jewish Community is to provide assistance to worthy charitable organizations that cater to the needs of Jewish people in and around Cleveland, Ohio, under the Ohio Institutional Trust Fund Act of 1999. The beneficiaries have the option to receive the maximum income, which is based on the greater of 5% of the adjusted net asset value (AFV) or traditional income. Moreover, the charities have the right to remove the trustee, and the trustee retains the authority to amend the document to ensure the organization maintains its status as a 509(a)3 organization.
What is the revenue of Jfc-Richman Nathan G 1 Ta?
Jfc-Richman Nathan G 1 Ta's revenue in 2023 was $177,918.
Who are the executives of Jfc-Richman Nathan G 1 Ta and what are their salaries?
There is 1 key member and their salary:
- Compensation: $6,553
- Related: $0
- Other: $0
Where can I find the form 990 for Jfc-Richman Nathan G 1 Ta?
Jfc-Richman Nathan G 1 Ta's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Jfc-Richman Nathan G 1 Ta
Jfc-Richman Nathan G 1 Ta, as per the trust agreement dated May 2, 1927, is tasked with distributing its net income to the Jewish Community Federation of Cleveland, Ohio. The primary function of this organization is to provide means and assistance to worthy charitable organizations that cater to the needs of the Jewish community in and around Cleveland, Ohio, under the Ohio Institutional Trust Fund Act of 1999. The beneficiaries of Jfc-Richman Nathan G 1 Ta have chosen to receive the maximum income, which is based on the greater of 5% of adjusted net income (AFV) or traditional income. It's important to note that the charities have the right to remove the trustee, and the trustee has the authority to amend the document to ensure the continuation of qualifying as a 509(a)3 organization. In essence, Jfc-Richman Nathan G 1 Ta serves as a crucial financial backbone for charitable organizations that focus on uplifting the Jewish community in Cleveland.
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Impact
October, 2024
Jfc-Richman Nathan G 1 Ta plays a crucial role in supporting the Jewish community in and around Cleveland, Ohio, through its structured grant distribution. By adhering to the trust agreement established on May 2, 1927, the trust ensures that a significant portion of its net income is allocated to the Jewish Community Federation of Cleveland. This funding empowers the Federation to assist a variety of charitable organizations that provide essential services and support to Jewish individuals and families in the region.
The trust’s mandate highlights the importance of community-focused philanthropy, allowing for the continual support of worthy causes that align with the needs of the Jewish population. With KeyBank serving as the trustee, there is a mechanism in place to respond to the evolving requirements of the community, ensuring grants are distributed effectively based on either a set percentage of the trust’s assets or traditional income sources.
Moreover, the trust incorporates a governance structure that empowers charities to influence its management, thereby fostering accountability and responsiveness to community needs. In summary, Jfc-Richman Nathan G 1 Ta significantly impacts the Jewish community by providing financial assistance, promoting charitable initiatives, and maintaining a robust framework for community development and support.
This information is meant to be a general summary of Jfc-Richman Nathan G 1 Ta. 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 2023.
- Investment Income: $29,594
- Gross Receipts: $950,503
Assets and Liabilities:
- Total Assets: $2,339,948
- Total Liabilities: $0
- Net Assets: $2,339,948
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Organization Details
Founding Year
1927
NTEE Category
Code: X30 - Religion related
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