Civic Intelligence

Maxwell and Marjorie Jospey Support Foundation

990 • Fiscal year 2017 • EIN 30-0232176

Jun 01, 2016 to May 31, 2017 • Filed on Dec 13, 2017

PO Box 2030 6735 Telegraph RdBloomfield Hills, MI 48301

(248) 642-4260

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$346,183

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 366.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

34th percentile

-1.1%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-1.0%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,027,510

Down $11,538 (-1.1%) from 2016

Net Assets

Down

$1,027,510

Down $11,538 (-1.1%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$94,425

Down $979 (-1.0%) from 2016

Expenses

Up

$123,809

Up $4,119 (+3.4%) from 2016

Net Income

Down

-$29,384

Down $5,098 (-21%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,104,639Liabilities 2011: $0Net Assets 2011: $1,104,6392011Assets 2012: $1,086,384Liabilities 2012: $0Net Assets 2012: $1,086,3842012Assets 2013: $1,105,709Liabilities 2013: $0Net Assets 2013: $1,105,7092013Assets 2014: $1,199,571Liabilities 2014: $0Net Assets 2014: $1,199,5712014Assets 2016: $1,039,048Liabilities 2016: $0Net Assets 2016: $1,039,0482016Assets 2017: $1,027,510Liabilities 2017: $0Net Assets 2017: $1,027,5102017Assets 2018: $1,014,959Liabilities 2018: $0Net Assets 2018: $1,014,9592018Assets 2021: $1,022,482Liabilities 2021: $0Net Assets 2021: $1,022,4822021

Highlighted filing

2017

Assets$1,027,510
Liabilities$0
Net Assets$1,027,510

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $92,2122011Expenses 2012: $130,3192012Expenses 2013: $93,5442013Revenue 2014: $95,909Expenses 2014: $19,389Net Income 2014: $76,5202014Revenue 2016: $95,404Expenses 2016: $119,690Net Income 2016: -$24,2862016Revenue 2017: $94,425Expenses 2017: $123,809Net Income 2017: -$29,3842017Revenue 2018: $94,455Expenses 2018: $126,006Net Income 2018: -$31,5512018Revenue 2021: $94,349Expenses 2021: $93,822Net Income 2021: $5272021

Highlighted filing

2017

Revenue$94,425
Expenses$123,809
Net Income-$29,384
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Dec 13, 2017
Return Version
2016v3.0
Gross Receipts
$94,425
Mission and Program Overview

Mission

To support the jewish community and the community as a whole.

To support the jewish community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,039,048$1,027,510▼ $11,538
Total Assets$1,039,048$1,027,510▼ $11,538
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,039,048$1,027,510▼ $11,538
Total Net Assets Fund Balance$1,039,048$1,027,510▼ $11,538
Total Liabilities and Net Assets / Fund Balance$1,039,048$1,027,510▼ $11,538

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,000,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neal F ZalenkoPresident
Jeremy ModellDirector
Joshua LevineDirector
Michael W MaddinDirector
Scott KaufmanSecretary
Dorothy BenyasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$94,425
Other Revenue
$0
Change in Net Assets
$-29,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,000
Other Expenses$19,809
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$104,000--$104,000
Fees for Services Other-$17,846-$17,846
Fees for Services Accounting-$1,710-$1,710
Fees for Services Management-$233-$233
Other Expenses-$20-$20
Total Functional Expenses$104,000$19,809$0$123,809
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jewish Federation of Metropolitan DetroitBloomfield Hills, MI501(c)(3)To Support the Annual Campaign$104,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The organization delegated management duties to the jewish federation of metropolitan detroit.

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

The board of directors granted authority to the treasurer and finance director of the jewish federation of metropolitan detroit to review the form 990 before it is filed. The board of directors will receive a copy of the form 990 after it is filed.

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

On an annual basis, board members of the foundation disclose in writing any potential conflicts of interest. This documentation is maintained on file. At the time of voting, board members are asked to cite conflicts of interest, if any exist, and abstain from individual votes if appropriate. This process is reported in the board meeting minutes.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Maxwell and Marjorie Jospey
EIN
30-0232176
Phone
2486424260
Address
PO BOX 2030 6735 TELEGRAPH RD, BLOOMFIELD HILLS, MI 48301

Signing Officer

Name
Dorothy Benyas
Title
Treasurer
Phone
2486424260
Signed
2017-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dorothy Benyas
Formed
2004
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Plante & Moran Pllc
Address
2601 Cambridge Ct Ste 500, Auburn Hills, MI 48326
Preparer
Lynne M Huismann
Phone
2483757100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

ADMINISTRATIVE EXPENSES: Program service expenses 0. Management and general expenses 17,846. Fundraising expenses 0. Total expenses 17,846.

Form 990, Part XI, line 9:

Allocation of administrative expenses from the jewish federation of metropolitan detroit 17,846.

FORM 990, PART XI, LINE 2C:

The organization relies on the audit committee of the jewish federation of metropolitan detroit for oversight of the audit and selection of an independent accounting firm.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT KAUFMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DOROTHY BENYAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION FOR BOARD MEMBERS IS DETERMINED AT THE CONTROLLING ORGANIZATION LEVEL, JEWISH FEDERATION OF METROPOLITAN DETROIT. JEWISH FEDERATION OF METROPOLITAN DETROIT DETERMINES OFFICER SALARY BASED ON THE FOLLOWING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY, AND APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO THE JEWISH FEDERATION OF METROPOLITAN DETROIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS GRANTED AUTHORITY TO THE TREASURER AND FINANCE DIRECTOR OF THE JEWISH FEDERATION OF METROPOLITAN DETROIT TO REVIEW THE FORM 990 BEFORE IT IS FILED. THE BOARD OF DIRECTORS WILL RECEIVE A COPY OF THE FORM 990 AFTER IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON AN ANNUAL BASIS, BOARD MEMBERS OF THE FOUNDATION DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. THIS DOCUMENTATION IS MAINTAINED ON FILE. AT THE TIME OF VOTING, BOARD MEMBERS ARE ASKED TO CITE CONFLICTS OF INTEREST, IF ANY EXIST, AND ABSTAIN FROM INDIVIDUAL VOTES IF APPROPRIATE. THIS PROCESS IS REPORTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADMINISTRATIVE EXPENSES: Program service expenses 0. Management and general expenses 17,846. Fundraising expenses 0. Total expenses 17,846.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALLOCATION OF ADMINISTRATIVE EXPENSES FROM THE JEWISH FEDERATION OF METROPOLITAN DETROIT 17,846.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION RELIES ON THE AUDIT COMMITTEE OF THE JEWISH FEDERATION OF METROPOLITAN DETROIT FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
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 IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 2C:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0JEWISH FEDERATION OF METROPOLITAN DETROIT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt31JEWISH FEDERATION OF METROPOLITAN DETROIT

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