Civic Intelligence

Futernick Family Foundation Inc

EIN 65-0078657 • 501(c)3 • Miami, FL

Profile

To support the greater miami jewish federation and other irc code section 501(c)(3) organizations through philanthropy, voluntarism and grantmaking programs.

4200 Biscayne BlvdMiami, FL 33137

none

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

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

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

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

Net Margin

7th percentile

-47%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

100th percentile

$2,393,839

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 1089.1% of source-year revenue.

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

Asset Growth

50th percentile

3.6%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

363%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,466,629

Up $154,696 (+3.6%) from 2023

Liabilities

Up

$5,271

Up $1,061 (+25%) from 2023

Net Assets

Up

$4,461,358

Up $153,635 (+3.6%) from 2023

Revenue

Up

$219,805

Up $172,380 (+363%) from 2023

Expenses

Up

$323,265

Up $48,031 (+17%) from 2023

Net Income

Up

-$103,460

Up $124,349 (+55%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,530,728Liabilities 2011: $1,070Net Assets 2011: $3,529,6582011Assets 2012: $3,337,151Liabilities 2012: $1,070Net Assets 2012: $3,336,0812012Assets 2013: $3,177,549Liabilities 2013: $2,140Net Assets 2013: $3,175,4092013Assets 2014: $3,333,342Liabilities 2014: $3,140Net Assets 2014: $3,330,2022014Assets 2015: $3,193,409Liabilities 2015: $4,140Net Assets 2015: $3,189,2692015Assets 2016: $3,105,072Liabilities 2016: $5,140Net Assets 2016: $3,099,9322016Assets 2017: $4,425,220Liabilities 2017: $1,000Net Assets 2017: $4,424,2202017Assets 2018: $4,418,330Liabilities 2018: $2,070Net Assets 2018: $4,416,2602018Assets 2019: $5,432,773Liabilities 2019: $1,000Net Assets 2019: $5,431,7732019Assets 2020: $4,948,020Liabilities 2020: $1,000Net Assets 2020: $4,947,0202020Assets 2021: $4,885,602Liabilities 2021: $2,070Net Assets 2021: $4,883,5322021Assets 2022: $4,216,171Liabilities 2022: $3,140Net Assets 2022: $4,213,0312022Assets 2023: $4,311,933Liabilities 2023: $4,210Net Assets 2023: $4,307,7232023Assets 2024: $4,466,629Liabilities 2024: $5,271Net Assets 2024: $4,461,3582024

Highlighted filing

2024

Assets$4,466,629
Liabilities$5,271
Net Assets$4,461,358

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $383,231Expenses 2011: $199,500Net Income 2011: $183,7312011Revenue 2012: $82,524Expenses 2012: $210,026Net Income 2012: -$127,5022012Revenue 2013: $186,267Expenses 2013: $203,654Net Income 2013: -$17,3872013Revenue 2014: $168,862Expenses 2014: $193,347Net Income 2014: -$24,4852014Revenue 2015: $220,190Expenses 2015: $228,098Net Income 2015: -$7,9082015Revenue 2016: $163,628Expenses 2016: $211,077Net Income 2016: -$47,4492016Revenue 2017: $1,409,275Expenses 2017: $235,845Net Income 2017: $1,173,4302017Revenue 2018: $229,166Expenses 2018: $271,315Net Income 2018: -$42,1492018Revenue 2019: $1,212,072Expenses 2019: $308,156Net Income 2019: $903,9162019Revenue 2020: $242,214Expenses 2020: $327,830Net Income 2020: -$85,6162020Revenue 2021: $104,508Expenses 2021: $291,217Net Income 2021: -$186,7092021Revenue 2022: $158,200Expenses 2022: $311,854Net Income 2022: -$153,6542022Revenue 2023: $47,425Expenses 2023: $275,234Net Income 2023: -$227,8092023Revenue 2024: $219,805Expenses 2024: $323,265Net Income 2024: -$103,4602024

Highlighted filing

2024

Revenue$219,805
Expenses$323,265
Net Income-$103,460

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.47$0.01$4.46$0.22$0.32$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.05$0.28$0.23
2022Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.21$0.16$0.31$0.15
2021Detailed filing. Detailed filing data is available for this year.$4.89$0.00$4.88$0.10$0.29$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.95$0.00$4.95$0.24$0.33$0.09
2019Summary only. Only limited summary data is available for this year.$5.43$0.00$5.43$1.21$0.31$0.90
2018Summary only. Only limited summary data is available for this year.$4.42$0.00$4.42$0.23$0.27$0.04
2017Summary only. Only limited summary data is available for this year.$4.43$0.00$4.42$1.41$0.24$1.17
2016Summary only. Only limited summary data is available for this year.$3.11$0.01$3.10$0.16$0.21$0.05
2015Summary only. Only limited summary data is available for this year.$3.19$0.00$3.19$0.22$0.23$0.01
2014Summary only. Only limited summary data is available for this year.$3.33$0.00$3.33$0.17$0.19$0.02
2013Summary only. Only limited summary data is available for this year.$3.18$0.00$3.18$0.19$0.20$0.02
2012Summary only. Only limited summary data is available for this year.$3.34$0.00$3.34$0.08$0.21$0.13
2011Summary only. Only limited summary data is available for this year.$3.53$0.00$3.53$0.38$0.20$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 18, 2025
Return Version
2023v6.0
Gross Receipts
$606,515
Mission and Program Overview

Mission

To support the greater miami jewish federation and other irc code section 501(c)(3) organizations through philanthropy, voluntarism and grantmaking programs.

To support the greater miami jewish federation and other section 501(c)(3) organizations through philanthropy, voluntarism and grantmaking programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,015,444$3,234,779▲ $219,335
Savings and Temporary Cash Investments$214,373$149,734▼ $64,639
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,311,933$4,466,629▲ $154,696
Other Assets Total$1,082,116$1,082,116→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,000$5,000▲ $1,000
Other Liabilities$210$271▲ $61
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,210$5,271▲ $1,061
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,307,723$4,461,358▲ $153,635
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$4,307,723$4,461,358▲ $153,635
Total Liabilities and Net Assets / Fund Balance$4,311,933$4,466,629▲ $154,696

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$40,250--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Morris FuternickPresident
Frank FuternickVice President
Andy SklawerBoard Member
Cathie FuternickBoard Member
David SchwartzBoard Member
Fred HirtBoard Member
Gail NewmanBoard Member
Gary GersonBoard Member
Jacob SolomonBoard Member
Jeff FuternickBoard Member
Jerry SokolBoard Member
Mikki FuternickBoard Member
Norman LipoffBoard Member
Scott KaplanSecretary
Lee FuternickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$109,209
Other Revenue
$110,596
Change in Net Assets
$-103,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$292,100
Other Expenses$31,165
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$292,100--$292,100
Fees for Service Investment Mgmnt Fees-$30,104-$30,104
Other Expenses-$61-$61
Total Functional Expenses$292,100$31,165$0$323,265
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Miami Jewish FederationMiami, FL501(c)(3)General Support$105,000
Dave and Mary Alper JccMiami, FL501(c)(3)General Support$26,000
California Hospital Medical Center FdnLos Angeles, CA501(c)(3)General Support$25,000
United Way of Miami-dade CountyMiami, FL501(c)(3)General Support$10,000
Friends of the Israel Defense ForcesNew York, NY501(c)(3)General Support$9,000
Temple Beth Am (miami)Pinecrest, FL501(c)(3)General Support$6,800
Birthright Israel FoundationNew York, NY501(c)(3)General Support$6,000
Jaffa InstituteBergenfield, NJ501(c)(3)General Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gail NewmanSee Part VSee Part VNo$0
Gary GersonSee Part VSee Part VNo$0
Jacob SolomonSee Part VSee Part VNo$0
Mikki FuternickSee Part VSee Part VNo$0
Norman LipoffSee Part VSee Part VNo$0
Scott KaplanSee Part VSee Part VNo$0

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Jctf$271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
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:

Mikki and morris futernick are husband and wife. Cathie, frank, lee, and jeff futernick are the children of mikki and morris futernick. Andy sklawer is the grandson of mikki and morris futernick. None of them receive compensation from the organization or a related organization.

FORM 990, PART VI, SECTION A, LINE 6:

The organization is comprised of members.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is prepared by an independent accountant and reviewed by the foundation's controller before being filed.

FORM 990, PART VI, SECTION C, LINE 19:

The organizations governing documents, and financial statements are available to the public and can be obtained upon request.

FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC:

Jacob solomon - 4200 biscayne blvd, miami, fl 33137 scott kaplan - 4200 biscayne blvd, miami, fl 33137

FORM 990, PART VII, COLUMN E AND SCHEDULE J, PART II, COLUMN B(III):

After serving with distinction for more than four decades with the Greater Miami Jewish Federation, Jacob Solomon retired as President and CEO on June 30, 2024. Joining Federation in 1981 as a Planning Associate, he rose to senior leadership positions, taking on the top executive role in 1992. During that time, he was a highly respected, talented, and inspiring community leader, guiding the strategic raising and distribution of hundreds of millions of dollars to support humanitarian and social services for the Jewish people in Miami, in Israel, and worldwide. Well-regarded throughout the decades for his deep knowledge of the Jewish world, Solomon maintained the support of national and international Jewish and non-Jewish leaders as he navigated Miami's response to extraordinary moments in worldwide modern Jewish history. Among these: the rescue and resettlement of nearly one million Jews from the former Soviet Union; the successful integration of Ethiopian Jews into Israeli society; the steadfast partnership with communities in Israel, including Or Akiva and Yerucham, which enabled them to flourish; emergency support for the people of Israel during multiple years of terror attacks and wars; and introducing the miracles the Jewish spiritual homeland to people of all ages through organized mega missions and solidarity trips to Israel, teen experiences, educational and college programs (such as Birthright Israel). His passion for Jewish Miami also drove efforts to expand and build three Jewish community centers throughout the county; consolidate three vital social-service agencies into Jewish Community Services of South Florida; sustain the Jewish community safety net through COVID-19 and several distressing economic downturns; and coalesce the community around caring for the victims and families of the devastating Surfside building collapse. While he was doing all this, closest to his heart was ensuring that Miami's population of Holocaust Survivors was always able to live out their years in dignity and with proper community services, and that the Holocaust Memorial Miami Beach continued to serve as a beacon for education and memory. In addition, Solomon was committed to the ideals that a community must always care for the most vulnerable among us and that they receive the support they need. In the more recent years of his tenure, Solomon focused on securing Miami's Jewish community amid rising worldwide antisemitism with the establishment of the Miami Office of Community Security and strong participation in national organizations to combat virulent Jew hatred on college campuses, at Jewish institutions, and throughout social media. A builder of relationships, consensus, and vision whose commitment to social justice has improved countless lives, Jacob Solomon has earned the enduring admiration of the Federation leadership and our entire community throughout his years of tireless dedication to the Jewish people as the chief Jewish communal professional in Miami. THE CHIEF EXECUTIVE OFFICER REPORTABLE COMPENSATION FROM A RELATED ORGANIZATION LISTED IN COLUMN E OF PART VII AND IN COLUMN B (III) OF SCHEDULE J INCLUDES A ONE-TIME PAYMENT OF PREVIOUSLY REPORTED DEFERRED COMPENSATION OF $1,681,473 which was earned over the period of 6 years AND ALSO INCLUDES A ONE-TIME PAYMENT OF PREVIOUSLY UNDISTRIBUTED DEFERRED COMPENSATION THAT WAS REPORTED ON PRIOR FORM 990 AND PAID CURRENTLY.

Filing and Contact Details

Filer

Filer Name
Futernick Family Foundation Inc
EIN
65-0078657
In Care Of
% GREATER MIAMI JEWISH FEDERAT
Phone
3055764000
Address
4200 Biscayne Blvd, Miami, FL 33137

Signing Officer

Name
Scott Kaplan
Title
Foundation Secretary
Phone
3055764000
Signed
2025-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Kaplan
Formed
1998
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
515 EAST LAS OLAS BLVD 5TH FLOOR, FORT LAUDERDALE, FL 33301
Preparer
Justyn Speier
Phone
9549897462
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