Civic Intelligence

Jack E & Rachel Gindi Foundation

EIN 95-4068700 • 501(c)3 • Los Angeles, CA

Profile

The organization's charitable giving is directed to the jewish community and community at large for the benefit of organizations that provide education and religious benefits and services.

Refreshing map…

6505 Wilshire Blvd Suite 1200Los Angeles, CA 90048

n/A

Siviq Scores

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

Liabilities / Assets

37th percentile

0.11x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.75x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$592,046

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 36.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-6.2%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,453,046

Up $3,511,052 (+16%) from 2023

Liabilities

Up

$2,718,200

Up $1,000,440 (+58%) from 2023

Net Assets

Up

$22,734,846

Up $2,510,612 (+12%) from 2023

Revenue

Down

$1,549,528

Down $102,468 (-6.2%) from 2023

Expenses

Down

$970,993

Down $387,450 (-29%) from 2023

Net Income

Up

$578,535

Up $284,982 (+97%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $10,114,645Liabilities 2010: $57,500Net Assets 2010: $10,057,1452010Assets 2011: $10,186,306Liabilities 2011: $333,725Net Assets 2011: $9,852,5812011Assets 2012: $10,676,444Liabilities 2012: $2,057,500Net Assets 2012: $8,618,9442012Assets 2013: $11,231,445Liabilities 2013: $2,385,425Net Assets 2013: $8,846,0202013Assets 2014: $12,484,428Liabilities 2014: $2,310,590Net Assets 2014: $10,173,8382014Assets 2015: $12,776,458Liabilities 2015: $310,690Net Assets 2015: $12,465,7682015Assets 2016: $12,950,637Liabilities 2016: $14,160Net Assets 2016: $12,936,4772016Assets 2017: $15,087,928Liabilities 2017: $239,450Net Assets 2017: $14,848,4782017Assets 2018: $14,828,804Liabilities 2018: $164,520Net Assets 2018: $14,664,2842018Assets 2019: $15,336,070Liabilities 2019: $1,265,430Net Assets 2019: $14,070,6402019Assets 2020: $17,288,787Liabilities 2020: $1,065,580Net Assets 2020: $16,223,2072020Assets 2021: $20,512,556Liabilities 2021: $941,465Net Assets 2021: $19,571,0912021Assets 2022: $18,639,682Liabilities 2022: $816,490Net Assets 2022: $17,823,1922022Assets 2023: $21,941,994Liabilities 2023: $1,717,760Net Assets 2023: $20,224,2342023Assets 2024: $25,453,046Liabilities 2024: $2,718,200Net Assets 2024: $22,734,8462024

Highlighted filing

2024

Assets$25,453,046
Liabilities$2,718,200
Net Assets$22,734,846

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $732,302Expenses 2010: $628,549Net Income 2010: $103,7532010Expenses 2011: $815,7252011Expenses 2012: $2,316,6052012Revenue 2013: $1,414,517Expenses 2013: $1,220,970Net Income 2013: $193,5472013Revenue 2014: $1,359,307Expenses 2014: $168,737Net Income 2014: $1,190,5702014Revenue 2015: $4,239,930Expenses 2015: $1,628,283Net Income 2015: $2,611,6472015Revenue 2016: $1,604,532Expenses 2016: $1,408,218Net Income 2016: $196,3142016Revenue 2017: $1,452,067Expenses 2017: $564,838Net Income 2017: $887,2292017Revenue 2018: $1,875,383Expenses 2018: $628,819Net Income 2018: $1,246,5642018Revenue 2019: $1,697,410Expenses 2019: $3,988,940Net Income 2019: -$2,291,5302019Revenue 2020: $1,268,579Expenses 2020: $538,108Net Income 2020: $730,4712020Revenue 2021: $2,288,535Expenses 2021: $114,036Net Income 2021: $2,174,4992021Revenue 2022: $1,645,769Expenses 2022: $204,651Net Income 2022: $1,441,1182022Revenue 2023: $1,651,996Expenses 2023: $1,358,443Net Income 2023: $293,5532023Revenue 2024: $1,549,528Expenses 2024: $970,993Net Income 2024: $578,5352024

Highlighted filing

2024

Revenue$1,549,528
Expenses$970,993
Net Income$578,535

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$2.72$22.7$1.55$0.97$0.58
2023Summary only. Only limited summary data is available for this year.$21.9$1.72$20.2$1.65$1.36$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$0.82$17.8$1.65$0.20$1.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$0.94$19.6$2.29$0.11$2.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$1.07$16.2$1.27$0.54$0.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$1.27$14.1$1.70$3.99$2.29
2018Summary only. Only limited summary data is available for this year.$14.8$0.16$14.7$1.88$0.63$1.25
2017Summary only. Only limited summary data is available for this year.$15.1$0.24$14.8$1.45$0.56$0.89
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.01$12.9$1.60$1.41$0.20
2015Detailed filing. Detailed filing data is available for this year.$12.8$0.31$12.5$4.24$1.63$2.61
2014Summary only. Only limited summary data is available for this year.$12.5$2.31$10.2$1.36$0.17$1.19
2013Summary only. Only limited summary data is available for this year.$11.2$2.39$8.85$1.41$1.22$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$2.06$8.62$2.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.33$9.85$0.82
2010Summary only. Only limited summary data is available for this year.$10.1$0.06$10.1$0.73$0.63$0.10
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 12, 2023
Return Version
2022v5.0
Gross Receipts
$4,141,738
Mission and Program Overview

Mission

The organization's charitable giving is directed to the jewish community and community at large for the benefit of organizations that provide education and religious benefits and services.

Charitable giving is directed to the jewish community and community at large for the benefit of organizations that provide education & religious benefits & services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,990,668$10,946,126▼ $1,044,542
Investments Other Securities$7,678,001$6,521,740▼ $1,156,261
Savings and Temporary Cash Investments$338,387$666,316▲ $327,929
Land, Buildings, and Equipment, Net$505,500$505,500→ $0
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 Program Related$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$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$20,512,556$18,639,682▼ $1,872,874
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$925,000$800,000▼ $125,000
Other Liabilities$16,465$16,490▲ $25
Accounts Payable and Accrued Expenses$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$941,465$816,490▼ $124,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,571,091$17,823,192▼ $1,747,899
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$19,571,091$17,823,192▼ $1,747,899
Total Liabilities and Net Assets / Fund Balance$20,512,556$18,639,682▼ $1,872,874

Asset Categories

AssetBook ValueDepreciationBasis
Land$505,500-$505,500
Other Securities$400,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
-President/director
-Vice President/director
-Assistant Secretary/director
-Director
-Assistant Secretary
-Secretary
-TREASURER (start 4/2022)
-TREASURER (term 5/2022)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,070,900
Program Service Revenue
$0
Investment Income
$574,854
Other Revenue
$15
All Other Contributions
$1,070,900
Change in Net Assets
$1,441,118

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
Securities Publicly Traded3$1,070,900Market value
Total Noncash Contributions3$1,070,900-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,700
Other Expenses$76,951
Total Fundraising Expense$76,951
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$101,100--$101,100
Fees for Service Investment Mgmnt Fees--$54,387$54,387
Foreign Grants$26,600--$26,600
Depreciation Depletion--$12,191$12,191
Fees for Services Accounting--$7,120$7,120
Insurance--$1,850$1,850
Other Expenses--$1,403$1,403
Total Functional Expenses$127,700$0$76,951$204,651
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
WA Institute for Near East PolicyWa, DC501(c)(3)General Support$125,000
Yeshiva UniversityNew York, NY501(c)(3)General Support$50,000
Yeshiva Uni of La High SchoolLa, CA501(c)(3)General Support$25,000
Jewish Comm Fnd of LALa, CA501(c)(3)General Support$7,500

International Summary

Offices
0
Employees
0
Spending
$418,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaInvestments-00$400,000
Middle East and North AfricaGrantmaking-00$11,000
Middle East and North AfricaGrantmaking-00$7,000
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
Insider Transactions and Loans

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 Jewish Community Foundation$16,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

RACHEL GINDI, ALAN GINDI, AND JOSEPH GINDI - Family relationship

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The jewish community foundation of the jewish federation council of greater los angeles (jewish community foundation), the supported organization, has the authority to elect the majority of the governing board.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization had no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is compiled by jewish community foundation's tax accounting firm and reviewed by the jewish community foundation accounting staff and vp of finance before being e-mailed to the board and subsequently filed.

Form 990, Part VI, Line 12C Conflict of interest policy

The organization's written conflict of interest policy is sent to and requires officers, directors, and committee members to disclose, on an ongoing basis (e.g., annually), potential conflicts for themselves and their family members. The president/ceo and cfo of jewish community foundation, a related organization, review any disclosed conflicts and submit actual or potential conflicts to the board of the jewish community foundation for review.

Form 990, Part VI, Line 19 Required documents available to the public

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

Form 990, Part VII, Section A Part VII - Compensation

All compensated officers work for jewish community foundation and as such are compensated by jewish community foundation for their services. The jewish community foundation's compensation committee reviews and approves executive managers' compensation. Other directors are volunteers and as such are not compensated for their services.

Filing and Contact Details

Filer

Filer Name
Jack E & Rachel Gindi Foundation
EIN
95-4068700
Phone
3237618700
Address
6505 WILSHIRE BLVD SUITE 1200, LOS ANGELES, CA 90048

Signing Officer

Name
Deborah Jhonston
Title
SVPF and CFO
Signed
2023-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
1101 NEW YORK AVENUE NW, Washington, DC 20005
Preparer
Justin Lowe
Phone
2023276000
Supplemental Narrative

Additional Explanations

Form 990, Part IX-LINES 1 & 3, SCHEDULE A, PART I, SCHEDULE F, PART II & SCHEDULE I, PART II

Amounts reported on part ix, lines 1 and 3 represent grants and contributions expense accrued for gaap purposes in the organization's books and records. Amounts reported on schedule a, part i; schedule f, part ii and schedule i, part ii represent grants and contributions paid during the year.

Form 990, Part XII, Line 2C

Jewish community foundation's audit committee assumes responsibility for oversight of the consolidated audit and selects an independent auditor on behalf of the foundation.

Schedule F, Part I ACCOUNTING METHOD

The filing organization's method of accounting is accrual. However, to facilitate transparency regarding its grantmaking program, amounts reported on this schedule are based on the cash method.

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Income taxes - the foundation and its support foundations are public charities and are exempt from federal income and california franchise taxes under section 501(c)(3) of the internal revenue code and corresponding california revenue and taxation code sections. The foundation and its support foundations do not have any material uncertain tax positions. The foundation and its support foundations file information organization returns in the united states federal jurisdiction and with the franchise tax board in the state of california.

Raw XML AppendixShowing 400 of 1,098 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0MARK LAINER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1RACHEL H GINDI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2WILLIAM GOODGLICK
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3EVAN H SCHLESSINGER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4JOSEPH GINDI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5ALAN GINDI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6DAVID CARROLL
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7ELLEN ROSEN
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8MARVIN I SCHOTLAND
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9ROBERT AVERY
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0JACK E. & RACHEL GINDI FOUNDATION IS A TYPE I SUPPORTING ORGANIZATION WHICH OPERATES UNDER THE CLOSE SUPERVISION AND CONTROL OF ITS SUPPORTED ORGANIZATION, JEWISH COMMUNITY FOUNDATION OF THE JEWISH FEDERATION COUNCIL OF GREATER LOS ANGELES (JCF). A MAJORITY OF JACK E. & RACHEL GINDI FOUNDATION'S BOARD OF DIRECTORS IS DESIGNATED BY JCF. JACK E. & RACHEL GINDI FOUNDATION PROVIDES GRANTS AND CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS IN FURTHERANCE OF JCF'S MISSION. JACK E. & RACHEL GINDI FOUNDATION ONLY PROVIDES GRANTS TO PUBLIC CHARITIES AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND 170(B)(1)(A) (OTHER THAN CLAUSE VII) AS STATED IN JACK E. & RACHEL GINDI FOUNDATION'S BYLAWS. ALL GRANTS MADE ARE APPROVED BY THE BOARD OF JACK E. & RACHEL GINDI FOUNDATION, THE MAJORITY OF DIRECTORS ARE DESIGNATED BY JCF. ALL GRANT CHECKS ARE SIGNED BY AT LEAST ONE OFFICER OF JCF.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 6 Support to other supported orgs
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON INVESTMENT POOL
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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