American Jewish Committee

“Ajc is a membership organization under applicable new york nonprofit corporation law, and the members of its board of governors constitutes its corporate membership.”

“SEE ABOVE.”

“SEE ABOVE.”

“The return was prepared internally and then reviewed by an independent accounting firm based on information provided by ajc's staff. The draft was then reviewed by ajc's audit committee, and subsequently provided to ajc's executive council prior to filing with the irs. Pursuant to ajc's bylaws, the executive council constitutes ajc's board of directors as that term is used in the new york not-for-profit corporation law.”

“Ajc has written conflict of interest policies covering all members of the executive council, members of the investment committee, officers, and employees stipulating that no individual may participate in a discussion or decision on any matter in which he or she has a material financial interest, and he or she must disclose any potential conflicts. All members of the executive council, officers, key employees who have signing authority, and other employees are required to certify compliance with the appropriate conflict of interest policy on an annual basis and to indicate whether the organization does business with an entity in which they have a material financial interest. Restrictions imposed on persons with a conflict include refraining from participating in deliberations and discussions, as well as any decision, relating to the alleged conflict.”

“In 2024, ajc hired a compensation consultant who conducted a salary review of chief executive officer compensation, reviewing fair market comparable for positions at similarly situated organizations. The chief executive officer's multi-year contract was reviewed and approved by an independent compensation committee and subsequently approved by the executive council. The organization maintains records regarding the compensation setting process. Compensation of other key employees for the past several years has been tied to the salary increases negotiated with ajc's labor unions, except for those who have received promotions and/or increased responsibilities. All determinations of compensation are contemporaneously documented in writing.”

“In 2024, salaries for senior managers and key employees were reviewed by the Executive Compensation Committee. AJC retained a professional compensation firm in 2019 and performed a complete a review of relevant salaries and adopted a multi-year plan for adjusting salaries of relevant senior management. The review from 2019 were performed again in 2024. ALL DETERMINATIONS OF COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED IN WRITING.”

“Ajc currently does not make its governing documents available to the public. Ajc currently makes its conflict of interest policy and whistleblower policy available to the public on its website. The audited financial statements and form 990 are also available on its website and form 990t is available upon request. The irs does not require the public dissemination of ajc's irs form 1023 because the organization was initially recognized as tax exempt in 1929 and public availability is not required where the organization did not have a copy of its exemption application on the effective date of the requirement in july 1987.”

“Ajc's executive council serves as its fiduciary board.”

“Investments are not readily marketable and are reported at fair value based on net asset value, as a practical expedient, provided by the fund managers.”

“Unrealized gains of $12,713,452 and $16,875,361 in 2024 and 2023, respectively were incurred, but are not required to be included in this line.”

“Contributions and grants totaling $115,596,511 in 2024 were $32,555,418 higher than the $83,041,093 reported in 2023. In 2024, ajc received increased restricted funds for support of its communication efforts post october 7th, as well as new gifts in support of ajc's center for educational advocacy and center for the new middle east. With increased funding available in 2024 for its communications efforts, corresponding increases to expenses were noted in 2024 over 2023.”

“(Expenses $ 7,943,605 including grants of $ 65,151)(Revenue $ 168,289) OTHER 2024 PROGRAMMATIC ACTIVITIES: AJC'S OTHER 2024 PROGRAMMATIC ACTIVITIES INCLUDE: (1) INTERRELIGIOUS AND INTERGROUP RELATIONS: AJC BUILDS COALITIONS WITH LIKE-MINDED PARTNERS TO ADVANCE SHARED INTERESTS AND VALUES, AND TO FURTHER UNDERSTANDING. THE AGENCY FIRMLY BELIEVES THAT THE WELL-BEING OF THE JEWISH COMMUNITY IS LINKED TO THAT OF OTHER FAITH AND MINORITY GROUPS IN THE UNITED STATES AND AROUND THE WORLD. IN 2024, AJC CREATED TRANSLATE HATE: THE CATHOLIC EDITION, A GROUNDBREAKING RESOURCE FOR CHURCHES ACROSS AMERICA TO PAVE THE WAY TOWARDS ERADICATING ANTISEMITISM.; (2) AMID A MASSIVE SURGE IN ANTISEMITIC AND ANTI-ZIONIST INCIDENTS AT COLLEGES AND K-12 SCHOOLS, AJC ESTABLISHED A NEW CENTER FOR EDUCATION ADVOCACY IN 2024. THE CENTER'S MULTI-TIERED APPROACH AIMS TO ALLOW JEWS OF ALL AGES, IN ALL EDUCATIONAL SPACES, TO LEARN AND GROW WITHOUT THE THREATS OF HARASSMENT, INTIMIDATION, AND VIOLENCE. IN SEPTEMBER, AJC CO-HOSTED MORE THAN 100 UNIVERSITY LEADERS FOR THE LARGEST-EVER UNIVERSITY PRESIDENTS SUMMIT ON CAMPUS ANTISEMITISM; (3) ACCESS, AJC'S YOUNG PROFESSIONAL DIVISION, IS CHARGED WITH EMPOWERING JEWISH LEADERS TO ADVOCATE ON BEHALF OF CRITICAL DOMESTIC AND GLOBAL ISSUES FACING THE JEWISH COMMUNITY. IN 2024, IT FACILITATED 130 PROGRAMS FOR THOUSANDS OF EMERGING JEWISH LEADERS IN 15 CITIES WORLDWIDE. ACCESS WAS ALSO THE ENGINE BEHIND AJC'S INAUGURAL 3CS CONTENT CREATOR SUMMIT, WHICH EQUIPPED INFLUENCERS WITH CONTENT, COMMUNITY, AND CONFIDENCE TO COMBAT ANTISEMITISM ON THEIR PLATFORMS.; (4) 2024 ALSO SAW THE CREATION OF AJC'S CENTER FOR A NEW MIDDLE EAST AIMED AT FOSTERING PEACE AND CIVILITY BETWEEN ISRAEL AND ITS NEIGHBORS THROUGH DIPLOMACY, CIVIL SOCIETY, AND BUSINESS.”

“During the year ended December 31, 2024, AJC changed its methodology for allocating certain shared costs among program and supporting services. Management believes this change provides a more accurate reflection of how costs relate to functional activities. Prior year functional expense amounts have been reclassified to conform to the current year presentation. This reclassification did not affect total expenses, net assets, or the financial position for the year ended December 31, 2023.”

“AJC incurred a significant amount of media costs responding to the October 7th attacks on Israel. - Total Expense: 21170336, Program Service Expense: 21170336, Management and General Expenses: 0, Fundraising Expenses: 0; Other programmatic and administrative consulting fees. - Total Expense: 4711553, Program Service Expense: 3065769, Management and General Expenses: 1066408, Fundraising Expenses: 579376;”

“Pension and postretirement changes other than net periodic benefit costs represents the non-cash charge taken primarily due to the increase in the discount rate used in calculating the benefit obligation - 2552528; change in value of split-interest agreement - 1148673;”

“The schedule includes a summary of the fair market value of ajc's investments domiciled outside of the united states. The investments shown for central america and the caribbean reflect investments in private equity headquartered in the caribbean and similar locales for tax purposes. Ajc's private equity funds are then invested in assets around the world. The private equity investments are chosen after review by ajc's outside investment advisors, brown advisory, and after approval by ajc's investment committee, whose members are all seasoned investment industry professionals.”

“The form 990 includes all activity of ajc's foreign affiliates since the activities are conducted solely by employees of foreign affiliates which exist as flow-through entities for purposes of acting within the foreign countries. In addition, showing all activity provides a more accurate and complete picture of ajc and enhances the transparency of our reporting as opposed to reporting only our u.s. Activities. For each of ajc's foreign affiliates, ajc has contracted with local accounting firms to compile financial information and prepare local regulatory filings. All records are maintained in the united states. Additionally, periodically, ajc staff in the finance, legal and administrative areas visit the foreign offices to review internal controls and monitor compliance with local regulations.”

“In general, numbers in this form 990 and ajc's annual financial audit report are identical. However, in a few places, there are non-material differences based on differences between the standards of the accounting profession for a financial report, and the inquiries on the form 990.”

“Gross receipts reported of $212,277,141 is calculated as total revenue of $126,680,875 per part i line 12 plus rental expenses of $274,640, cost basis and sales expenses for investments of $83,084,887, and $2,236,739 of direct expenses per part viii.”

“Accrued unfunded pension liability of $5,551,012 represents the excess of pension benefit obligation over the assets of the frozen pension plan.”

“Total net assets of $307,630,302 at december 31, 2024 is $40,804,557 more than the amount of $266,825,745 reported at december 31, 2023. This increase is largely driven by increases in the fair market value of investments during 2024 due to market conditions and restricted funds raised during 2024 which will be spent in 2025 and beyond on increased communication efforts and expanded programming in the area of education and the middle east.”