Civic Intelligence

Congregation Beth David Endowment Foundation

990 • Fiscal year 2024 • EIN 27-0912268

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2024

19700 Prospect RoadSaratoga, CA 95070

(408) 257-3333

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

54th percentile

6.7%

Higher net margin than 54% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2024

Asset Growth

40th percentile

1.4%

Faster asset growth than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

7th percentile

-37%

Faster revenue growth than 7% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$1,751,805

Up $146,179 (+9.1%) from 2023

Net Assets

Up

$1,751,805

Up $147,679 (+9.2%) from 2023

Liabilities

Down

$0

Down $1,500 (-100%) from 2023

Revenue

Down

$106,302

Down $638 (-0.6%) from 2023

Expenses

Down

$99,173

Down $169,726 (-63%) from 2023

Net Income

Up

$7,129

Up $169,088 (+104%) from 2023

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $320,679Net Assets 2014: $320,6792014Assets 2015: $261,224Liabilities 2015: $0Net Assets 2015: $261,2242015Assets 2016: $310,621Liabilities 2016: $0Net Assets 2016: $310,6212016Assets 2017: $437,019Liabilities 2017: $0Net Assets 2017: $437,0192017Assets 2018: $1,119,145Liabilities 2018: $0Net Assets 2018: $1,119,1452018Assets 2019: $1,342,513Liabilities 2019: $0Net Assets 2019: $1,342,5132019Assets 2020: $1,349,994Liabilities 2020: $15,006Net Assets 2020: $1,334,9882020Assets 2021: $1,722,567Liabilities 2021: $0Net Assets 2021: $1,722,5672021Assets 2022: $1,704,405Liabilities 2022: $230Net Assets 2022: $1,704,1752022Assets 2023: $1,605,626Liabilities 2023: $1,500Net Assets 2023: $1,604,1262023Assets 2024: $1,751,805Liabilities 2024: $0Net Assets 2024: $1,751,8052024

Highlighted filing

2024

Assets$1,751,805
Liabilities$0
Net Assets$1,751,805

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $69,7612014Revenue 2015: $46,218Expenses 2015: $92,647Net Income 2015: -$46,4292015Revenue 2016: $94,179Expenses 2016: $28,010Net Income 2016: $66,1692016Revenue 2017: $127,481Expenses 2017: $9,548Net Income 2017: $117,9332017Revenue 2018: $690,031Expenses 2018: $7,905Net Income 2018: $682,1262018Revenue 2019: $67,792Expenses 2019: $8,143Net Income 2019: $59,6492019Revenue 2020: $26,704Expenses 2020: $43,710Net Income 2020: -$17,0062020Revenue 2021: $270,038Expenses 2021: $13,144Net Income 2021: $256,8942021Revenue 2022: $270,399Expenses 2022: $11,441Net Income 2022: $258,9582022Revenue 2023: $106,940Expenses 2023: $268,899Net Income 2023: -$161,9592023Revenue 2024: $106,302Expenses 2024: $99,173Net Income 2024: $7,1292024

Highlighted filing

2024

Revenue$106,302
Expenses$99,173
Net Income$7,129
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2024
Return Version
2023v6.0
Gross Receipts
$106,302
Mission and Program Overview

Mission

To manage the Endowment and Special Purpose Funds of Congregation Beth David, a California Nonprofit Religious Corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$206,126$241,464▲ $35,338
Accounts Receivable$222$77,598▲ $77,376
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,605,626$1,751,805▲ $146,179
Other Assets Total$1,399,278$1,432,743▲ $33,465
Liabilities
Accounts Payable and Accrued Expenses$1,500--
Total Liabilities$1,500$0▼ $1,500
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,604,126$1,751,805▲ $147,679
Total Net Assets Fund Balance$1,604,126$1,751,805▲ $147,679
Total Liabilities and Net Assets / Fund Balance$1,605,626$1,751,805▲ $146,179

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,604,126$36,874▲ $209,978$96,495$1,751,805
2022$1,704,175$29,576▲ $139,274$266,308$1,604,126
2021$1,722,567$175,996▼ $182,947$10,981$1,704,175
2020$1,334,988$140,663▲ $260,060$9,867$1,722,567
2019$1,342,513$16,977▲ $19,208$42,433$1,334,988
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael LeitnerPresident
Brett BorahTrustee
Dan SkilkenTrustee
Eric LewisTrustee
Hanna FirmanTrustee
William BeydaTrustee
David HoffmanSecretary
Gene TenbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,633
Program Service Revenue
$35,240
Investment Income
$69,429
Other Revenue
$0
All Other Contributions
$1,633
Change in Net Assets
$7,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$93,852
Other Expenses$5,321
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$93,852--$93,852
Fees for Services Other$2,643--$2,643
Fees for Services Accounting-$1,500-$1,500
Insurance-$1,091-$1,091
Other Expenses-$12-$12
Total Functional Expenses$96,495$2,678$0$99,173
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Congregation Beth DavidSaratoga, CA-Maintenance on Building$82,340
Congregation Beth DavidSaratoga, CA-Purch. & Install Rooftop Solar Sys.$11,512
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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

Form 990 is prepared by an outside CPA. A draft copy is prepared by the CPA and is provided to the President, Treasurer and Secretary for review. After review by the President, Treasurer and Secretary, and all questions have been addressed, a final draft copy is made available to the remaining members of the Board at the time of filing.

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

This policy against conflicts of interest was regularly reinforced and discussed at meetings of the Board of Trustees.

Form 990, Part VI, Section C, Line 19

The Organization makes its governing documents and policies available on request.

Filing and Contact Details

Filer

Filer Name
Congregation Beth David Endowment
EIN
27-0912268
Phone
4082573333
Address
19700 Prospect Road, Saratoga, CA 95070

Signing Officer

Name
Gene Tenberg
Title
Treasurer
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Leitner
Formed
2009
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
13

Preparer

Firm
Michael Stephen Schaffer CPA
Address
1111 Morse Avenue Space 222, Sunnyvale, CA 94089
Preparer
Michael Stephen Schaffer
Phone
6507141865
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Adjustment to Prior Year Unrealized Gain/Loss = $81906

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Endowment Funds of the Organization are intended to provide for:(A) Building Enhancement and Replacements for Congregation Beth David(B) Beautification of the Beth David Memorial Garden (Cemetery)(C) Clergy Housing for Congregation Beth David

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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0206126
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0241464
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0941682250
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt093852
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Congregation Beth David
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt093852
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02678
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01604126
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt036874
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01751805
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0209978
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt096495
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02591
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01704175
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt029576
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01604126
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0139274
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0266308
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0460
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01722567
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0175996
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01704175
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-182947
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010981
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03277
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01334988
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0140663
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01722567
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0260060
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt09867
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01277
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01342513
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt016977
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01334988
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019208
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt042433
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Endowment Funds of the Organization are intended to provide for:(A) Building Enhancement and Replacements for Congregation Beth David(B) Beautification of the Beth David Memorial Garden (Cemetery)(C) Clergy Housing for Congregation Beth David
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01432743
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt011512
IRS990ScheduleI/RecipientTable/CashGrantAmt182340
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Purch. & Install Rooftop Solar Sys.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Maintenance on Building
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Congregation Beth David
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Congregation Beth David
IRS990ScheduleI/RecipientTable/RecipientEIN0941682250
IRS990ScheduleI/RecipientTable/RecipientEIN1941682250
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt019700 Prospect Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt119700 Prospect Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Saratoga
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Saratoga
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095070
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd195070
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Actual Cash Transfer
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1Actual Cash Transfer
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are made by the Organization solely to Congregation Beth David for support, based on requests made. At all times, two (2) of the members of the Board of Trustees also serve as Officers, and on the Board of Directors, of the recipient Organization, including the President of the Board of Congregation Beth David. In this way, there is assurance that grants made are utilized solely for the purpose stated at the time of the Grant.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is prepared by an outside CPA. A draft copy is prepared by the CPA and is provided to the President, Treasurer and Secretary for review. After review by the President, Treasurer and Secretary, and all questions have been addressed, a final draft copy is made available to the remaining members of the Board at the time of filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This policy against conflicts of interest was regularly reinforced and discussed at meetings of the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes its governing documents and policies available on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Adjustment to Prior Year Unrealized Gain/Loss = $81906
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Congregation Beth David
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0941682250
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Religious Institution
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Public Charity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt019700 Prospect Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Saratoga
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd095070
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false

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