Civic Intelligence

The Hadassah Foundation Inc

990 • Fiscal year 2013 • EIN 13-4022483

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 27, 2014

50 West 58th StreetSuite10019

(212) 355-7900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.00x

Higher debt load relative to assets than 65% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

68th percentile

0.00x

Higher debt load relative to revenue than 68% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Net Margin

74th percentile

55%

Higher net margin than 74% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

86th percentile

$129,317

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$12,554,160

Up $1,337,577 (+12%) from 2012

Net Assets

Up

$12,553,408

Up $1,341,825 (+12%) from 2012

Liabilities

Down

$752

Down $4,248 (-85%) from 2012

Revenue

$1,023,759

No earlier filing loaded for comparison.

Expenses

Down

$462,669

Down $65,430 (-12%) from 2012

Net Income

$561,090

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $11,002,420Liabilities 2010: $73Net Assets 2010: $11,002,3472010Assets 2011: $10,668,357Liabilities 2011: $5,910Net Assets 2011: $10,662,4472011Assets 2012: $11,216,583Liabilities 2012: $5,000Net Assets 2012: $11,211,5832012Assets 2013: $12,554,160Liabilities 2013: $752Net Assets 2013: $12,553,4082013Assets 2014: $12,701,929Liabilities 2014: $60,108Net Assets 2014: $12,641,8212014Assets 2015: $11,928,333Liabilities 2015: $47,508Net Assets 2015: $11,880,8252015Assets 2016: $11,826,880Liabilities 2016: $90,775Net Assets 2016: $11,736,1052016Assets 2017: $12,886,974Liabilities 2017: $86,607Net Assets 2017: $12,800,3672017Assets 2018: $11,938,279Liabilities 2018: $56,500Net Assets 2018: $11,881,7792018Assets 2019: $13,930,974Liabilities 2019: $5,835Net Assets 2019: $13,925,1392019Assets 2020: $15,989,982Liabilities 2020: $426Net Assets 2020: $15,989,5562020Assets 2021: $18,101,601Liabilities 2021: $802Net Assets 2021: $18,100,7992021Assets 2022: $16,237,995Liabilities 2022: $36,842Net Assets 2022: $16,201,1532022Assets 2023: $17,566,344Liabilities 2023: $5,703Net Assets 2023: $17,560,6412023Assets 2024: $19,335,204Liabilities 2024: $46,272Net Assets 2024: $19,288,9322024

Highlighted filing

2013

Assets$12,554,160
Liabilities$752
Net Assets$12,553,408

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $401,4842010Expenses 2011: $439,7682011Expenses 2012: $528,0992012Revenue 2013: $1,023,759Expenses 2013: $462,669Net Income 2013: $561,0902013Revenue 2014: $817,850Expenses 2014: $650,032Net Income 2014: $167,8182014Revenue 2015: $897,472Expenses 2015: $755,763Net Income 2015: $141,7092015Revenue 2016: $447,177Expenses 2016: $848,330Net Income 2016: -$401,1532016Revenue 2017: $450,035Expenses 2017: $771,108Net Income 2017: -$321,0732017Revenue 2018: $662,170Expenses 2018: $737,997Net Income 2018: -$75,8272018Revenue 2019: $487,223Expenses 2019: $461,475Net Income 2019: $25,7482019Revenue 2020: $1,425,354Expenses 2020: $806,441Net Income 2020: $618,9132020Revenue 2021: $2,819,008Expenses 2021: $707,765Net Income 2021: $2,111,2432021Revenue 2022: $2,072,836Expenses 2022: $3,972,482Net Income 2022: -$1,899,6462022Revenue 2023: $2,725,698Expenses 2023: $1,366,210Net Income 2023: $1,359,4882023Revenue 2024: $3,032,477Expenses 2024: $1,207,826Net Income 2024: $1,824,6512024

Highlighted filing

2013

Revenue$1,023,759
Expenses$462,669
Net Income$561,090
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 27, 2014
Return Version
2013v3.1
Gross Receipts
$4,572,628
Mission and Program Overview

Mission

The organization's mission is to improve the status, health and well being of women and girls in israel and the united states. See schedule o.

The organization's mission is to improve the status, health and well being of women and girls in israel and the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,600$60,388▲ $47,788
Prepaid Expenses and Deferred Charges$0$999▲ $999
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,216,583$12,554,160▲ $1,337,577
Other Assets Total$11,203,983$12,492,773▲ $1,288,790
Liabilities
Grants Payable$5,000$0▼ $5,000
Accounts Payable and Accrued Expenses$0$752▲ $752
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,000$752▼ $4,248
Net Assets / Fund Balance
Unrestricted Net Assets$11,193,338$12,524,266▲ $1,330,928
Temporarily Rstr Net Assets$18,245$29,142▲ $10,897
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$11,211,583$12,553,408▲ $1,341,825
Total Liabilities and Net Assets / Fund Balance$11,216,583$12,554,160▲ $1,337,577

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$12,492,773--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$10,780,825-▲ $1,544,457$370,499$11,954,783
2012$10,248,348$42▲ $924,209$391,774$10,780,825
2011$10,580,513$35▼ $155,684$176,516$10,248,348
2010$9,937,220$511▲ $833,387$190,605$10,580,513
2009$9,424,805$364▲ $1,436,615$924,564$9,937,220
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ellen FlaxFoundation DirectorFT$107,559$21,758$129,317

Board Members and Trustees

NameTitle
Donna GersonBoard Member/chair
Amy FriedkinBoard Member
Andrea SilagiBoard Member
Anne GlauberBoard Member
Carol M JosephBoard Member
Dale MarcusBoard Member
Georgianne CutterBoard Member
Ilana Horowitz RatnerBoard Member
Julie MorrisBoard Member
Karen HermanBoard Member
Katie EdelsteinBoard Member
Lonye RaschBoard Member
Rachel SheinbeinBoard Member
Rhoda BernsteinBoard Member
Sara AdlerBoard Member
Sophie BlumBoard Member
Suzanne OffitBoard Member
Willa ShalitBoard Member
Susan WilkofBoard Member/secretary
Kim Morris HeimanBoard Member/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$149,713
Program Service Revenue
$0
Investment Income
$872,046
Other Revenue
$2,000
All Other Contributions
$149,713
Change in Net Assets
$561,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$201,349
Salaries, Compensation, and Employee Benefits$188,569
Other Expenses$72,751
Total Fundraising Expense$9,430
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$163,500--$163,500
Other Salaries and Wages-$135,980$7,157$143,137
Fees for Service Investment Mgmnt Fees-$41,204-$41,204
Grants to Domestic Orgs$37,849--$37,849
Other Employee Benefits-$24,167$1,273$25,440
Payroll Taxes-$9,749$513$10,262
Pension Plan Contributions-$9,243$487$9,730
Fees for Services Accounting-$7,884-$7,884
Conferences and Meetings-$7,752-$7,752
Travel-$6,046-$6,046
Office Expenses-$4,224-$4,224
Fees for Services Other-$3,835-$3,835
Other Expenses-$1,806-$1,806
Total Functional Expenses$201,349$251,890$9,430$462,669
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
48-1278664-501(c)(3)General Support$7,500
94-3213100-501(c)(3)General Support$7,500
13-3914342-501(c)(3)General Support$7,500
52-2106560-501(c)(3)General Support$7,000

International Summary

Spending
$163,500

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaGrantmaking---$163,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11

The return is prepared by an independent accounting firm based on information provided by the foundation and in consultation with hwzoa shared employees. The draft prepared by the accounting firm is then carefully reviewed by the foundation. A copy of the final form 990 is provided to each of the board members prior to filing with the irs. The form 990 is made available for public inspection upon request and is also on hadassah foundation's website.

Form 990, Part VI, Line 12C

Each year a copy of the conflict of interest policy is given to the hadassah foundation board and officers who are currently serving the organization. The board and officers of the foundation are required to complete a conflict of interest disclosure form on an annual basis. When a conflict arises for any foundation board member or officer, that person shall disclose it in writing to the hadassah foundation board for review and approval. The interested person may not vote on related matter, or participate in or be present at the discussion.

Form 990, Part VI, Line 15A and 15B

Officers and key employees' salaries and related benefits, if any, are paid by the hadassah foundation, inc.'s related organization, hadassah, the women's zionist organization of america, inc. [hwzoa, ein: 13-1656651]. When a new officer or key employee is hired, the organization conducts a review of various comparability data for comparable positions at similarly situated organizations, with the assistance of outside counsel and the search firm. The organization sets compensation within the range of the going market rate. The compensation amount is reviewed and approved by the compensation committee of the board. No individual having a conflict of interest is permitted to participate in the review or decision. These procedures are documented contemporaneously. In subsequent years, an individual may receive a salary increase as approved by the compensation committee. Bonuses are generally not awarded.

Form 990, Part VI, Line 19

The organization does not make its governing documents or conflict of interest policy available to the public. Financial statements are available on organization's website.

Filing and Contact Details

Filer

EIN
13-4022483
In Care Of
% JODI WECHTER LEVY
Phone
2123557900

Signing Officer

Name
Donna Gerson
Title
Chair
Phone
2123557900
Signed
2014-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Gerson
Formed
1998
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Preparer
Kpmg Llp
Phone
2123557900
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The hadassah foundation, inc. (the "foundation") is a not-for-profit supporting organization exempt under section 501(c)(3) of the u.s. Internal revenue code. The foundation's mission is to improve the status, health and well being of women and girls; bring their contributions, issues and needs from the margins to the center of jewish concern; and encourage and facilitate their active participation in decision-making and leadership in all spheres of life. Form 990, part vi, line 7a sixty percent of the board of directors of the hadassah foundation is elected by the board of directors of hwzoa or the board of directors of hmra. All other directors of the hadassah foundation are elected by the board of directors of the hadassah foundation.

Financial Statement Notes

Schedule D, Part V

Hadassah foundation's endowment funds are designated by the board of directors. The funds will be used to enhance the hadassah foundation's mission which is to improve the status, health and well being of women and girls; bring their contributions, issues, and needs from the margins to the center of jewish concern; and encourage and facilitate their active participation in decision-making and leadership in all spheres of life.

Schedule D, Part X, Line 2

The organization recognizes the effect of income tax provisions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the organization's exempt purpose is subject to tax under internal revenue code section 511. Taxes on disallowed expenses and value added tax paid were included in the sections of the expenses on which the tax was imposed. As of december 31, 2013, the organization does not have any uncertain tax positions or any unrelated income tax liability which would have a material impact upon its consolidated financial statements.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$0.05$19.3$3.03$1.21$1.82
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$0.01$17.6$2.73$1.37$1.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.04$16.2$2.07$3.97$1.90
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.00$18.1$2.82$0.71$2.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$0.00$16.0$1.43$0.81$0.62
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.01$13.9$0.49$0.46$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$0.06$11.9$0.66$0.74$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$0.09$12.8$0.45$0.77$0.32
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.09$11.7$0.45$0.85$0.40
2015Detailed filing. Detailed filing data is available for this year.$11.9$0.05$11.9$0.90$0.76$0.14
2014Detailed filing. Detailed filing data is available for this year.$12.7$0.06$12.6$0.82$0.65$0.17
2013Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$1.02$0.46$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.01$11.2$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.01$10.7$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.00$11.0$0.40