Jewish Funders Network

“Jfn's network of members includes 2,000 funders from all over the world including individual philanthropists, family foundations and foundation professionals.”

“Jfn's members may elect one or more members of the governing body.”

“Once the 990 is reviewed and approved by the audit committee, the organization distributes the draft of form 990 to the board for their review and approval. Board members will respond back with any questions or comments which will then be considered in the final filed copy.”

“In order to ensure that jfn operates in a manner consistent with its charitable, tax-exempt organizational purposes, and does not engage in any activity or activities that could or would jeopardize such tax-exempt status, periodic reviews shall be conducted. Such periodic reviews shall, at a minimum, include the following: i) whether compensation or other remuneration arrangements and benefits are reasonable, based on competent survey information, and in each case, the result of arm's length bargaining; ii) whether any jfn partnerships, joint ventures, contracts and other arrangements with third-party organizations, firms or entities (whether profit or non-profit) conform to jfn's written policies, including this conflicts of interest policy, and are properly recorded, reflect reasonable investment or payments for needed goods and services rendered or to be rendered, further the charitable, tax-exempt organizational purposes of jfn, and do not result in "private inurement", "impermissible private benefit", or in an "excess benefit transaction" (as those terms are defined or interpreted by the internal revenue service).”

“The board's personnel committee used salary survey/comparability data from the council on foundations and professionals for non-profits, plus on-line research. For both executives reviewed (the president and chief operating officer), the committee discussed the performance, growth in responsibilities and/or performance, and past history of compensation before arriving at a decision.”

“Form 990 is available online from irs and guidestar. Governing documents and policies are available on the jfn website.”

“Professional fees: program service expenses 2,235,986. Management and general expenses 213,519. Fundraising expenses 0. Total expenses 2,449,505.”

“The process has not changed from the prior year”