Civic Intelligence

Tjf Holdings LLC C/O Tidewater Jewish Foundation Inc

990 • Fiscal year 2014 • EIN 54-1934907

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 06, 2015

5000 Corporate Woods Drive No 200Virginia Bch, VA 23462

(757) 965-6100

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.23x

Higher debt load relative to assets than 63% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

2.07x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

94th percentile

$296,946

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 110.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

90th percentile

39%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

562%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,393,125

Up $677,210 (+39%) from 2013

Net Assets

Up

$1,834,389

Up $269,877 (+17%) from 2013

Liabilities

Up

$558,736

Up $407,333 (+269%) from 2013

Revenue

Up

$269,610

Up $228,888 (+562%) from 2013

Expenses

Down

$34,249

Down $1,063 (-3.0%) from 2013

Net Income

Up

$235,361

Up $229,951 (+4250%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,052,304Liabilities 2010: $191,561Net Assets 2010: $1,860,7432010Assets 2011: $2,030,264Liabilities 2011: $166,848Net Assets 2011: $1,863,4162011Assets 2012: $1,996,999Liabilities 2012: $156,413Net Assets 2012: $1,840,5862012Assets 2013: $1,715,915Liabilities 2013: $151,403Net Assets 2013: $1,564,5122013Assets 2014: $2,393,125Liabilities 2014: $558,736Net Assets 2014: $1,834,3892014Assets 2015: $2,121,088Liabilities 2015: $141,194Net Assets 2015: $1,979,8942015Assets 2016: $2,488,769Liabilities 2016: $136,023Net Assets 2016: $2,352,7462016Assets 2017: $1,858,360Liabilities 2017: $134,731Net Assets 2017: $1,723,6292017Assets 2018: $1,317,427Liabilities 2018: $24,249Net Assets 2018: $1,293,1782018Assets 2019: $1,070,608Liabilities 2019: $7,588Net Assets 2019: $1,063,0202019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$2,393,125
Liabilities$558,736
Net Assets$1,834,389

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $95,6082010Expenses 2011: $41,8972011Expenses 2012: $45,1882012Revenue 2013: $40,722Expenses 2013: $35,312Net Income 2013: $5,4102013Revenue 2014: $269,610Expenses 2014: $34,249Net Income 2014: $235,3612014Revenue 2015: $769,526Expenses 2015: $642,514Net Income 2015: $127,0122015Revenue 2016: $706,073Expenses 2016: $372,496Net Income 2016: $333,5772016Revenue 2017: $423,630Expenses 2017: $1,001,960Net Income 2017: -$578,3302017Revenue 2018: $1,085,051Expenses 2018: $1,068,705Net Income 2018: $16,3462018Revenue 2019: $133,316Expenses 2019: $93,265Net Income 2019: $40,0512019Revenue 2020: -$43,095Expenses 2020: $1,019,925Net Income 2020: -$1,063,0202020

Highlighted filing

2014

Revenue$269,610
Expenses$34,249
Net Income$235,361
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 6, 2015
Return Version
2013v4.0
Gross Receipts
$1,305,288
Mission and Program Overview

Mission

To hold and maintain non-cash gifts received on behalf of the tidewater jewish foundation, inc.(tjf) until liquidation of assets in support of the grants and community programs of tjf and its affiliates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,280,000$1,280,000→ $0
Cash and Non-Interest-Bearing Accounts$68,305$753,511▲ $685,206
Total Assets$1,715,915$2,393,125▲ $677,210
Other Assets Total$367,610$359,614▼ $7,996
Liabilities
Other Liabilities$151,403$558,736▲ $407,333
Total Liabilities$151,403$558,736▲ $407,333
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,564,512$1,834,389▲ $269,877
Total Net Assets Fund Balance$1,564,512$1,834,389▲ $269,877
Total Liabilities and Net Assets / Fund Balance$1,715,915$2,393,125▲ $677,210

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$949,195--
Land$330,805--
Other Assets Org$113,288--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Randy ParrishCFO - TjfPT$126,930$126,930

Board Members and Trustees

NameTitle
Lawrence SteingoldAudit & Finance Chair
Ron KramerChairman/nominating Chair
Jerrold MillerChariman-elect/grants Chair
Michael BarneyGift Acceptance Chair
Jason HoffmanInvestment Chair
Joel JasonProfessional Advisory Committee Chair
Alvin WallDirector
Amy LevyDirector
Britt SimonDirector
Edward KramerDirector
Emily NiedDirector
Kevin LefcoeDirector
Laura GrossDirector
Lawrence SiegelDirector
Leigh BaltuchDirector
Miles LeonDirector
Ralph GoldsteinDirector
Robert GoodmanDirector
Sandra LeonDirector
Steven GordonDirector
Stewart KahnDirector
Harold SacksExec Director Emeritus
Annabell SacksLife Trustee
Kurt RosenbachLife Trustee
Mimi KareshLife Trustee
Robert CopelandLife Trustee
Philip RovnerCEO - Tjf
Jody WagnerSecretary
Stanwood DickmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$439,667
Program Service Revenue
$0
Investment Income
$-158,499
Other Revenue
$-11,558
All Other Contributions
$439,667
Change in Net Assets
$235,361

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$362,209Fair Market Value (FMV) Less Pv of Cga
Total Noncash Contributions1$362,209-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$19,116-$19,116
Other Expenses-$15,133-$15,133
Total Functional Expenses$0$34,249$0$34,249
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
Pv of Future Distributions-char. Gift Annuities$558,736
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Annabel sacks, a "life trustee" by virtue of her designation as a member of tjf's executive committee, is afforded a vote according to the bylaws and is married to harold sacks, also afforded a vote according to the bylaws by virtue of his designation as "executive director emeritus." in addition, miles leon and sandra leon are married.

Form 990, Part VI, Section A, Line 6

Tidewater jewish foundation, inc. Is the sole member of tjf holdings, llc.

Form 990, Part VI, Section B, Line 11

The 990 was made available to designated members of the board electronically by e-mail for their review prior to filing the return.

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

The organization annually collects new conflict of interest statements and requests disclosure of any conflicts and relationships.

Form 990, Part VI, Section C, Line 19

The organization makes its documents available to the public by providing electronic copies upon written request at no charge or by providing paper copies upon written request subject to a nominal fee.

Filing and Contact Details

Filer

EIN
54-1934907
Phone
7579656100

Signing Officer

Name
Scott Kaplan
Title
Manager
Phone
7579656100
Signed
2015-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Kaplan
Formed
1999
Legal Domicile
Va
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
0

Preparer

Preparer
Brian Windley
Phone
7576274644
Supplemental Narrative

Additional Explanations

Form 990, Part II

Scott kaplan was appointed appointed as president and ceo of the tidewater jewish foundation, the sole member and manager of tjf holdings, llc on november 7, 2014 and signed the return when filed.

FORM 990, PART XI, LINE 9:

DEPRECIATION 34,516.

Form 990, Part XII, Line 2C

The audit committee of the tidewater jewish foundation, inc. Is responsible under its corporate documents for the selection of the independent auditors and for the oversight of the annual audit process that will cover all of the entities, accounts and activities presented in the consolidated annual financial statements, including amounts reported herein. There has been no change in the procedure from the prior year.

Form 990, Part V, Q 7G and 7H

Questions 7g and 7h do not apply to the organization because the organization did not have contributions of qualified intellectual property or contributions of cars, boats, airplanes or other vehicles during the year.

Form 99, Part V, Q 1C

Question 1c does not apply to the organization because the organization did not have backup withholding for reportable payments to vendors and reportable gaming winnings.

Form 990, Sch R

Among the current directors and officers, the following relationships with related organizations exist: -robert copeland, life trustee/executive committee member, is father of four current directors of the copeland family foundation, a supporting organization -philip rovner, who, as ceo of tjf, serves as appointed representative of tjf for the following supporting organizations (and may have multiple votes as provided in those organizations bylaws): -director and secretary, jewish family service foundation, inc. -director, congregation beth el foundation -director and secretary, jewish community center of south hampton roads foundation, inc. -director, hebrew academy of tidewater foundation, inc. -director and secretary, tavia & freda gordon family foundation, inc. -director and secretary/treasurer, simon family foundation, inc. -director and secretary, copeland family foundation, inc. -director and secretary, marie a. Mansbach memorial student motivation program -director, bangel-legum foundation, inc. -director and secretary/treasurer, temple israel foundation, inc. -director, herbert and carolyn bangel family foundation -director and secretary, helen g. And warren l. Aleck foundation

Financial Statement Notes

PART X, LINE 2:

Tjf, its supporting foundations, and affiliates, are qualifying nonprofit entities as defined in section 501(c)(3) of the internal revenue code and are therefore exempt from federal and state income taxes, except on net income, if any, generated from unrelated business taxable income. Financial accounting standards board (fasb) accounting standards codification (asc) topic 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The foundation's management has evaluated the impact of this guidance to its consolidated financial statements. The foundation is not aware of any material uncertain tax positions, and has not accrued the effect of any uncertain tax positions as of june 30, 2014. The foundation recognizes interest and penalties incurred, if any, related to income tax positions as other interest expense and penalties expense, respectively. With few exceptions, the foundation is no longer subject to income tax examinations by federal, state or local authorities for years before 2010.

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IRS990/Form990PartVIISectionAGrp/PersonNm18MIMI KARESH
IRS990/Form990PartVIISectionAGrp/PersonNm19HAROLD SACKS
IRS990/Form990PartVIISectionAGrp/PersonNm20LAWRENCE STEINGOLD
IRS990/Form990PartVIISectionAGrp/PersonNm21JOEL JASON
IRS990/Form990PartVIISectionAGrp/PersonNm22MICHAEL BARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm23JASON HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm24JERROLD MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm25RON KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm26JODY WAGNER
IRS990/Form990PartVIISectionAGrp/PersonNm27STANWOOD DICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm28PHILIP ROVNER
IRS990/Form990PartVIISectionAGrp/PersonNm29RANDY PARRISH
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15LIFE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16LIFE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17LIFE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18LIFE TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXEC DIR. EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt20AUDIT & FINANCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21PROFESSIONAL ADVISORY COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt22GIFT ACCEPTANCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt23INVESTMENT CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHARIMAN-ELECT/GRANTS CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHAIRMAN/NOMINATING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt26SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt27TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt28CEO - TJF
IRS990/Form990PartVIISectionAGrp/TitleTxt29CFO - TJF
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IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO HOLD AND MAINTAIN NON-CASH GIFTS RECEIVED ON BEHALF OF THE TIDEWATER JEWISH FOUNDATION, INC.(TJF) UNTIL LIQUIDATION OF ASSETS IN SUPPORT OF THE GRANTS AND COMMUNITY PROGRAMS OF TJF AND ITS AFFILIATES.
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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