Civic Intelligence

Temple Solel Enfowment Foundation

990 • Fiscal year 2020 • EIN 86-0680065

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 03, 2021

6805 E Mcdonald DrParadise Valley, AZ 85253

(480) 991-7414

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

26th percentile

-0.8%

Faster asset growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-48%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,979,095

Down $59,039 (-0.8%) from 2019

Net Assets

Down

$6,979,095

Down $59,039 (-0.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$146,457

Down $133,012 (-48%) from 2019

Expenses

Up

$205,496

Up $64,641 (+46%) from 2019

Net Income

Down

-$59,039

Down $197,653 (-143%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $791,971Liabilities 2015: $0Net Assets 2015: $791,9712015Assets 2016: $946,254Liabilities 2016: $0Net Assets 2016: $946,2542016Assets 2017: $1,059,405Liabilities 2017: $0Net Assets 2017: $1,059,4052017Assets 2018: $6,899,520Liabilities 2018: $0Net Assets 2018: $6,899,5202018Assets 2019: $7,038,134Liabilities 2019: $0Net Assets 2019: $7,038,1342019Assets 2020: $6,979,095Liabilities 2020: $0Net Assets 2020: $6,979,0952020Assets 2021: $7,001,294Liabilities 2021: $0Net Assets 2021: $7,001,2942021Assets 2022: $7,051,809Liabilities 2022: $0Net Assets 2022: $7,051,8092022Assets 2023: $6,978,798Liabilities 2023: $0Net Assets 2023: $6,978,7982023Assets 2024: $6,912,804Liabilities 2024: $0Net Assets 2024: $6,912,8042024

Highlighted filing

2020

Assets$6,979,095
Liabilities$0
Net Assets$6,979,095

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $453,619Expenses 2015: $7,310Net Income 2015: $446,3092015Revenue 2016: $163,926Expenses 2016: $9,643Net Income 2016: $154,2832016Revenue 2017: $141,096Expenses 2017: $27,945Net Income 2017: $113,1512017Revenue 2018: $5,985,433Expenses 2018: $145,318Net Income 2018: $5,840,1152018Revenue 2019: $279,469Expenses 2019: $140,855Net Income 2019: $138,6142019Revenue 2020: $146,457Expenses 2020: $205,496Net Income 2020: -$59,0392020Revenue 2021: $168,617Expenses 2021: $146,418Net Income 2021: $22,1992021Revenue 2022: $161,513Expenses 2022: $110,998Net Income 2022: $50,5152022Revenue 2023: $122,218Expenses 2023: $195,229Net Income 2023: -$73,0112023Revenue 2024: $177,551Expenses 2024: $243,545Net Income 2024: -$65,9942024

Highlighted filing

2020

Revenue$146,457
Expenses$205,496
Net Income-$59,039
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 3, 2021
Return Version
2020v4.0
Gross Receipts
$729,829
Mission and Program Overview

Mission

Promoting jewish charitable works and all manner of religious activities

To manage funds to support the activities, programs and growth of temple solel

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,038,134$6,979,095▼ $59,039
Land, Buildings, and Equipment, Net$5,820,000$5,730,000▼ $90,000
Investments in Publicly Traded Securities$1,175,741$1,193,946▲ $18,205
Savings and Temporary Cash Investments$29,095$50,531▲ $21,436
Cash and Non-Interest-Bearing Accounts$13,298$4,618▼ $8,680
Accounts Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,038,134$6,979,095▼ $59,039
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,038,134$6,979,095▼ $59,039
Total Liabilities and Net Assets / Fund Balance$7,038,134$6,979,095▼ $59,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,330,000$270,000$3,600,000
Land$2,400,000-$2,400,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$7,038,134$72,455▲ $74,002$72,000$6,979,095
2019$6,899,520$68,176▲ $211,293$36,000$7,038,134
2018$1,059,405$5,885,623▲ $99,810$40,120$6,899,520
2017$946,254$40,110▲ $100,986$18,000$1,059,405
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nelson LernerPast President
Robert SiamonPresident
Scott CohenVice President
Benjamin KellyDirector
Dean ScheinertDirector
Eliot MinskerDirector
Eric BistrowDirector
Geoffrey HarrisDirector
Richard LamdenDirector
Robert DanoffDirector
Eric MininbergFormer Director
Sue WaldbaumFormer Director
Gail ZuckerSecretary
Jim MossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,455
Program Service Revenue
$53,400
Investment Income
$20,602
Other Revenue
$0
All Other Contributions
$72,455
Change in Net Assets
$-59,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,496
Grants and Similar Amounts Paid$72,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$90,000-$90,000
Grants to Domestic Orgs$72,000--$72,000
Fees for Services Legal-$24,520-$24,520
Fees for Service Investment Mgmnt Fees-$12,818-$12,818
Fees for Services Accounting-$4,000-$4,000
Other Expenses-$2,120-$2,120
Office Expenses-$38-$38
Total Functional Expenses$72,000$133,496$0$205,496
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Temple SolelParadise Valley, AZ-To Provide Religious Activities$72,000
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
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Temple solel has certain powers of appointment and/or nomination.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Temple solel must approve all capital expenditures of the foundation

Form 990, Part VI, Line 11B: Form 990 Review Process

Upon completion, form 990 is delivered in draft to the board of directors for their review and comments to the president. President will compile and present any suggested revisions to the accountant. Accountant will make necessary revisions and present final form 990 to the president for approval and signature.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No other documents made available to the public

Filing and Contact Details

Filer

Filer Name
Temple Solel Endowment Foundation
EIN
86-0680065
Phone
4809917414
Address
6805 E MCDONALD DR, PARADISE VALLEY, AZ 85253

Signing Officer

Name
Robert Siamon
Title
President
Signed
2021-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Siamon
Formed
1990
Legal Domicile
Az
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Secore & Niedzialek PC
Address
2800 N Central Ave Suite 200, Phoenix, AZ 85004
Preparer
Nicole L Pudney
Phone
6022799090
Supplemental Narrative

Financial Statement Notes

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

To support the growth and activities of temple solel

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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