Civic Intelligence

The Temple-Tifereth Israel Foundation

EIN 26-1874206 • 501(c)3 • Beachwood, OH

Profile

The foundation will further charitable and religious purposes by conducting activities for the benefit of, and performing the functions of, the temple-tifereth israel, "the temple", by holding and investing endowment funds and other funds contributed for the benefit of the temple and making distributions therefrom tothe temple specifically, the foundation's primary activity is the preservation, prudent management, and periodic distribution of a prudent amount of the income and/or appreciation from past and future contributions made for endowment purposes to support the temple.

26000 Shaker BoulevardBeachwood, OH 44122

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.63x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

1st percentile

-419%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.1%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$23,267,505

Up $1,734,500 (+8.1%) from 2023

Liabilities

Down

$336,980

Down $19,363 (-5.4%) from 2023

Net Assets

Up

$22,930,525

Up $1,753,863 (+8.3%) from 2023

Revenue

Up

$207,308

Up $24,198 (+13%) from 2023

Expenses

Up

$1,075,292

Up $46,232 (+4.5%) from 2023

Net Income

Down

-$867,984

Down $22,034 (-2.6%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2012: $8,692,225Liabilities 2012: $22,555Net Assets 2012: $8,669,6702012Assets 2013: $9,301,127Liabilities 2013: $68,396Net Assets 2013: $9,232,7312013Assets 2014: $10,450,594Liabilities 2014: $13,848Net Assets 2014: $10,436,7462014Assets 2015: $11,412,435Liabilities 2015: $0Net Assets 2015: $11,412,4352015Assets 2016: $15,943,720Liabilities 2016: $10,071Net Assets 2016: $15,933,6492016Assets 2017: $19,287,092Liabilities 2017: $4,787Net Assets 2017: $19,282,3052017Assets 2018: $19,862,193Liabilities 2018: $5,470Net Assets 2018: $19,856,7232018Assets 2019: $20,007,136Liabilities 2019: $18,979Net Assets 2019: $19,988,1572019Assets 2020: $19,069,205Liabilities 2020: $0Net Assets 2020: $19,069,2052020Assets 2021: $24,374,105Liabilities 2021: $0Net Assets 2021: $24,374,1052021Assets 2022: $20,528,680Liabilities 2022: $316,809Net Assets 2022: $20,211,8712022Assets 2023: $21,533,005Liabilities 2023: $356,343Net Assets 2023: $21,176,6622023Assets 2024: $23,267,505Liabilities 2024: $336,980Net Assets 2024: $22,930,5252024

Highlighted filing

2024

Assets$23,267,505
Liabilities$336,980
Net Assets$22,930,525

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $475,1072012Expenses 2013: $462,9132013Revenue 2014: $370,389Expenses 2014: $448,579Net Income 2014: -$78,1902014Revenue 2015: $1,567,486Expenses 2015: $470,844Net Income 2015: $1,096,6422015Revenue 2016: $5,348,942Expenses 2016: $563,448Net Income 2016: $4,785,4942016Revenue 2017: $1,952,223Expenses 2017: $635,006Net Income 2017: $1,317,2172017Revenue 2018: $389,594Expenses 2018: $766,370Net Income 2018: -$376,7762018Revenue 2019: $681,328Expenses 2019: $863,117Net Income 2019: -$181,7892019Revenue 2020: $668,593Expenses 2020: $891,042Net Income 2020: -$222,4492020Revenue 2021: $237,546Expenses 2021: $851,081Net Income 2021: -$613,5352021Revenue 2022: $433,176Expenses 2022: $1,009,679Net Income 2022: -$576,5032022Revenue 2023: $183,110Expenses 2023: $1,029,060Net Income 2023: -$845,9502023Revenue 2024: $207,308Expenses 2024: $1,075,292Net Income 2024: -$867,9842024

Highlighted filing

2024

Revenue$207,308
Expenses$1,075,292
Net Income-$867,984

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.3$0.34$22.9$0.21$1.08$0.87
2023Detailed filing. Detailed filing data is available for this year.$21.5$0.36$21.2$0.18$1.03$0.85
2022Detailed filing. Detailed filing data is available for this year.$20.5$0.32$20.2$0.43$1.01$0.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$0.00$24.4$0.24$0.85$0.61
2020Detailed filing. Detailed filing data is available for this year.$19.1$0.00$19.1$0.67$0.89$0.22
2019Detailed filing. Detailed filing data is available for this year.$20.0$0.02$20.0$0.68$0.86$0.18
2018Detailed filing. Detailed filing data is available for this year.$19.9$0.01$19.9$0.39$0.77$0.38
2017Detailed filing. Detailed filing data is available for this year.$19.3$0.00$19.3$1.95$0.64$1.32
2016Detailed filing. Detailed filing data is available for this year.$15.9$0.01$15.9$5.35$0.56$4.79
2015Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$1.57$0.47$1.10
2014Detailed filing. Detailed filing data is available for this year.$10.5$0.01$10.4$0.37$0.45$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$0.07$9.23$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.69$0.02$8.67$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 25, 2025
Return Version
2023v6.0
Gross Receipts
$207,308
Mission and Program Overview

Mission

The foundation will further charitable and religious purposes by conducting activities for the benefit of, and performing the functions of, the temple-tifereth israel, "the temple", by holding and investing endowment funds and other funds contributed for the benefit of the temple and making distributions therefrom to the temple. Specifically, the foundation's primary activity is the preservation, prudent management and periodic distribution of a prudent amount of the income and/or appreciation from past and future contributions made for endowment purposes to support the temple.

The foundation will further charitable and religious purposes by conducting activities for the benefit of, and performing the functions of, the temple-tifereth israel, "the temple", by holding and investing endowment funds and other funds contrubited for the benefit of the temple and making distrbutions there from to the temple specifically, the foundation's primary activity is the preservation, prudent management and periodic distributions of a prudent amount of the income and/or appreciation from past and future contributions made for endowment purposes to support the temple.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,255,186$23,077,398▲ $1,822,212
Pledges and Grants Receivable$243,900$151,900▼ $92,000
Cash and Non-Interest-Bearing Accounts$4,357$6,679▲ $2,322
Total Assets$21,533,005$23,267,505▲ $1,734,500
Other Assets Total$29,562$31,528▲ $1,966
Liabilities
Other Liabilities$356,343$336,980▼ $19,363
Total Liabilities$356,343$336,980▼ $19,363
Net Assets / Fund Balance
Net Assets With Donor Restrictions$21,176,662$22,930,525▲ $1,753,863
Total Net Assets Fund Balance$21,176,662$22,930,525▲ $1,753,863
Total Liabilities and Net Assets / Fund Balance$21,533,005$23,267,505▲ $1,734,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$21,259,543$90,155▲ $2,787,034$1,052,655$23,084,077
2022$20,254,240$84,815▲ $1,910,014$989,526$21,259,543
2021$23,681,043$723,691▼ $3,348,280$802,214$20,254,240
2020$18,060,320$436,342▲ $6,035,273$850,892$23,681,043
2019$18,614,851$594,636▼ $238,445$878,731$18,060,320
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald ScherzerPresident
Jim KendisBoard Member
Joan GrossBoard Member
Kim PessesBoard Member
Yelena BoxerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$40,155
Program Service Revenue
$0
Investment Income
$167,153
Other Revenue
$0
All Other Contributions
$40,155
Change in Net Assets
$-867,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$971,410
Salaries, Compensation, and Employee Benefits$52,332
Other Expenses$51,550
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$971,410--$971,410
Other Salaries and Wages-$52,332-$52,332
Other Expenses-$42,000-$42,000
Fees for Services Accounting-$9,550-$9,550
Total Functional Expenses$971,410$103,882$0$1,075,292
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Temple-tifereth IsraelBeachwood, OH501(c)(3)General Support$971,410
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Operating$336,980
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization has designated its president to review the 990 prior to its filing and the president will discuss his points with the full board prior to filing the 990.

Form 990, Part VI, Section B, Line 12C

The temple-tifereth israel foundation inquires annually at the board meeting in order to collect responses and information necessary to enforce the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The temple-tifereth israel foundation makes its governing documents, conflict of interest policy, and financial statements available to the public. Information is available upon request.

Filing and Contact Details

Filer

Filer Name
The Temple-tifereth Israel Foundation
EIN
26-1874206
Phone
2168313233
Address
26000 SHAKER BOULEVARD, BEACHWOOD, OH 44122

Signing Officer

Name
Donald Scherzer
Title
President
Phone
2168313233
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julianna Johnston Senturi
Formed
2007
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Cohen & Co Advisory LLC
Address
OFFICES LISTED AT, WWWCOHENCOCOM, OH 44115
Preparer
Pargat Singh
Phone
8002291099
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization entered into a plan of merger on 12th day of june, 2024 with effective date of july 1, 2024 with anshe chesed congregation to unify and combine to create a new reform jewish congregation (known as "congregation mishkan or"), building on the legacy, history, and culture of two storied institutions.the new congregation will provide an innovative, exciting, inspirational, and fiscally responsible platform that will be a beacon for the cleveland jewish community and beyond.

Form 990, Part XII, Line 2C

The organization did not change its oversight process or selection process during the year

Financial Statement Notes

PART X, LINE 2:

The foundation is an ohio non-profit corporation exempt from federal income tax under section 501(c)(3) of the internal revenue code. The foundation recognizes and discloses uncertain tax positions in accordance with gaap. As of and for the year ended june 30, 2024, the foundation did not have a liability for unrecognized tax benefits.

Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0206179
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt099350
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0152929
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0656896
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0206179
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0761647
IRS990ScheduleA/TotalSupportAmt01418543
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt023084077
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt020254240
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt018060320
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-238445
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OPERATING
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS AN OHIO NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES AND DISCLOSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GAAP. AS OF AND FOR THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE TEMPLE-TIFERETH ISRAEL
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR EACH CONTRIBUTION OF FUNDS TO THE TEMPLE-TIFERETH ISREAL "THE TEMPLE", THE FOUNDATION CHECKS TO MAKE SURE THAT THE TEMPLE'S USE OF THE FUNDS ALIGNS WITH THE PURPOSE OF THE FOUNDATION'S FUND THAT PROVIDED THE CONTRIBUTION AND THAT THE AMOUNT EXPENDED IS WITHIN THE FOUNDATION'S SPENDING GUIDELINES
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IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENTERED INTO A PLAN OF MERGER ON 12TH DAY OF JUNE, 2024 WITH EFFECTIVE DATE OF JULY 1, 2024 WITH ANSHE CHESED CONGREGATION TO UNIFY AND COMBINE TO CREATE A NEW REFORM JEWISH CONGREGATION (KNOWN AS "CONGREGATION MISHKAN OR"), BUILDING ON THE LEGACY, HISTORY, AND CULTURE OF TWO STORIED INSTITUTIONS.THE NEW CONGREGATION WILL PROVIDE AN INNOVATIVE, EXCITING, INSPIRATIONAL, AND FISCALLY RESPONSIBLE PLATFORM THAT WILL BE A BEACON FOR THE CLEVELAND JEWISH COMMUNITY AND BEYOND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS DESIGNATED ITS PRESIDENT TO REVIEW THE 990 PRIOR TO ITS FILING AND THE PRESIDENT WILL DISCUSS HIS POINTS WITH THE FULL BOARD PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TEMPLE-TIFERETH ISRAEL FOUNDATION INQUIRES ANNUALLY AT THE BOARD MEETING IN ORDER TO COLLECT RESPONSES AND INFORMATION NECESSARY TO ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TEMPLE-TIFERETH ISRAEL FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt023267505
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IRS990/TotalVolunteersCnt00
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD SCHERZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02168313233
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TEMPLE-TIFERETH ISRAEL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TEMP
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ReturnHeader/Filer/PhoneNum02168313233
ReturnHeader/Filer/USAddress/AddressLine1Txt026000 SHAKER BOULEVARD
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHEN & CO ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0OFFICES LISTED AT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WWWCOHENCOCOM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044115
ReturnHeader/PreparerPersonGrp/PhoneNum08002291099
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PARGAT SINGH
ReturnHeader/ReturnTs02025-04-28T09:00:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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