2024-06-25T19:38:05-05:00 2023-08-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-09-01 951691014 JEWISH FREE LOAN ASSOCIATION JEWI 3237618830 6505 WILSHIRE BOULEVARD 715 LOS ANGELES CA 90048 RACHEL GROSE EXECUTIVE DIRECTOR 3237618830 2024-06-25 1 RACHEL GROSE 999009999 1 KATY BROWN P00650274 9257902600 2024-06-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RACHEL GROSE 6505 WILSHIRE BOULEVARD 715 LOS ANGELES CA 90048 4221118 0 X WWW.JFLA.ORG X 1904 CA OFFER INTEREST-FREE LOANS TO INDIVIDUALS AND FAMILIES WHO MAY NOT QUALIFY FOR NORMAL LENDING. 25 25 14 27 0 0 3300782 3014980 0 0 281295 313929 -148851 -24720 3433226 3304189 0 0 0 0 1203067 1254313 0 0 503920 899736 909258 2102803 2163571 1330423 1140618 24119255 25667910 954786 1082250 23164469 24585660 X THE JEWISH FREE LOAN ASSOCIATION OF LOS ANGELES (JFLA) OFFERS INTEREST-FREE LOANS ON A NON-SECTARIAN BASIS TO INDIVIDUALS AND FAMILIES WHOSE NEEDS ARE URGENT AND WHO MAY NOT QUALIFY THROUGH NORMAL FINANCIAL RESOURCES. (SEE CONTINUATION ON SCHEDULE O)INTEREST-FREE LOANS INSTEAD OF CHARITY FILL AN IMPORTANT GAP IN OUR SOCIAL SYSTEM BY PROMOTING SELF-SUFFICIENCY WITH DIGNITY. 0 0 1406484 JFLA GRANTED 943 LOANS DURING THE FISCAL YEAR (9/1/22 THROUGH 8/31/23) FOR EDUCATION, EMERGENCY NEEDS, SMALL BUSINESSES, AND JEWISH CONTINUITY. AT AUGUST 31, 2023, JFLA HAD OVER 2,944 LOANS OUTSTANDING IN THE COMMUNITY. 1406484 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ADAM LEVINE 3237618838 6505 WILSHIRE BLVD SUITE 715 LOS ANGELES CA 90048 BRANDON LEVIN PRESIDENT 3.00 X X 0 0 0 TOM WALSMITH 1ST VICE PRESIDENT 1.00 X X 0 0 0 DAVID HORVITZ 2ND VICE PRESIDENT 1.00 X X 0 0 0 LINDA FEINHOLZ SECRETARY 1.00 X X 0 0 0 JOEL GLUCOFT TREASURER 1.00 X X 0 0 0 ARON ABECASSIS DIRECTOR 1.00 X 0 0 0 LESLIE ARONZON DIRECTOR 1.00 X 0 0 0 ADEENA BLEICH DIRECTOR 1.00 X 0 0 0 AARON BLOOM DIRECTOR (THRU 06/23) 1.00 X 0 0 0 ERWIN DILLER DIRECTOR 1.00 X 0 0 0 ALAN FEIT DIRECTOR 1.00 X 0 0 0 GERALD FELDMAN DIRECTOR 1.00 X 0 0 0 JONATHAN GERBER DIRECTOR 1.00 X 0 0 0 EVELYN JEROME-ALEXANDER DIRECTOR 1.00 X 0 0 0 IVAN KALLICK DIRECTOR 1.00 X 0 0 0 ABBY KOHN DIRECTOR 1.00 X 0 0 0 JAMES A KOHN DIRECTOR 1.00 X 0 0 0 EILEEN J LEWIS DIRECTOR 1.00 X 0 0 0 JORDAN LURIE DIRECTOR (THRU 06/23) 1.00 X 0 0 0 EVA PLAZA MANDEL DIRECTOR 1.00 X 0 0 0 LYNDON PARKER DIRECTOR 1.00 X 0 0 0 TONY SAUBER DIRECTOR 1.00 X 0 0 0 ALAN SPIWAK DIRECTOR 1.00 X 0 0 0 MITCHELL STEIN DIRECTOR 1.00 X 0 0 0 HAROLD TOMIN DIRECTOR 1.00 X 0 0 0 AARON WERNER DIRECTOR 1.00 X 0 0 0 SAM YEBRI DIRECTOR 1.00 X 0 0 0 RACHEL B GROSE EXECUTIVE DIRECTOR 37.50 X 260333 0 13500 ADAM LEVINE DIRECTOR OF FINANCE 37.50 X 115000 0 10803 SARA ROBYN CHIEF ENGAGEMENT OFFICER 37.50 X 68149 0 3857 443482 0 28160 2 0 1 0 GLYPHIX 4411 NATOMA AVENUE WOODLAND HILLS CA 91364 MARKETING 400897 1 160944 20000 2834036 22596 3014980 314690 314690 889092 889853 -761 -761 -761 2356 160944 27076 -24720 -24720 3304189 0 0 289209 X 456387 207887 124497 124003 593159 416102 30829 146228 106904 65886 13894 27124 24664 14676 885 9103 73199 43664 10542 18993 22725 13556 3273 5896 34833 34833 12000 12000 299350 194669 14965 89716 312946 291767 21179 21462 17169 2146 2147 12639 6527 936 5176 43977 26233 6334 11410 3342 1726 247 1369 1679 867 124 688 19406 15525 1941 1940 21196 12643 3053 5500 PROGRAM COSTS 33021 33021 DUES AND SUBSCRIPTIONS 31356 16193 2321 12842 MISCELLANEOUS 16569 8556 1227 6786 ANNUAL REPORT 15136 7817 1120 6199 7621 7621 2163571 1406484 253167 503920 601251 231943 24158 613414 1184000 1009150 15685460 16996334 42788 61467 364288 270305 108382 93983 6473216 6661619 24119255 25667910 99575 243295 71640 71640 783571 767315 954786 1082250 X 3011958 3538173 20152511 21047487 23164469 24585660 24119255 25667910 1140618 280573 0 X 0 1 X 1 0 X 2097669 3677479 3791870 3300782 3014980 15882780 2097669 3677479 3791870 3300782 3014980 15882780 573043 15309737 186651 151104 186958 282092 314690 1121495 63071 0 0 0 0 63071 39520 8428 477 165 48590 17115936 0.89450 0.88910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 39,520. 2019 AMOUNT: $ 8,428. 2020 AMOUNT: $ 477. 2021 AMOUNT: $ 165. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12000 12000 0 PART II-B, LINE 1: THE ORGANIZATION PAID A LOBBYING FIRM TO LOBBY CALIFORNIA LEGISLATORS TO PASS A BILL THAT WOULD HAVE MADE A LOT OF FUNDS AVAILABLE TO STUDENT BORROWERS. 1 71640 0 0 71640 1 X 208778 18558 10903 216433 262889 -42338 11773 208778 250500 24914 12525 262889 250500 11789 11789 250500 250500 3276 3276 250500 0.00000 1.00000 0.00000 0 0 364288 270305 93983 93983 DUE TO JEWISH FEDERATION COUNCIL OF GLA 40000 LOAN FUND CONTROLLED BY THIRD PARTIES 727315 767315 X 3601368 280573 280573 3320795 -16606 -16606 3304189 2180177 16606 16606 2163571 0 2163571 PART IV, LINE 2B: JFLA ADMINISTERS LOAN FUNDS ON BEHALF OF FOUR OTHER NONPROFIT ORGANIZATIONS. THE AMOUNTS ADVANCED BY THOSE ORGANIZATIONS ARE INCLUDED AS LIABILITIES WITHIN THE STATEMENT OF FINANCIAL POSITION. THE FUNDS HAVE SIMILAR CRITERIA TO CERTAIN OF JFLA'S OWN FUNDS. JFLA IS REQUIRED TO KEEP SEPARATE ACCOUNTING FOR EACH OF THESE FUNDS. RELATED ASSETS ARE INCLUDED IN INTEREST FREE LOANS RECEIVABLE OR IN SEGREGATED CASH AND INVESTMENTS ACCOUNTS. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO GENERATE INCOME FOR ORGANIZATION OPERATIONS. PART X, LINE 2: JFLA IS A NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED UNDER THE LAWS OF CALIFORNIA AND, AS SUCH, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND THE CORRESPONDING STATE PROVISION. JFLA HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT ITS TAX-EXEMPT STATUS HAS BEEN MAINTAINED AND THAT IT HAS NO UNCERTAIN TAX POSITIONS REQUIRING ADJUSTMENTS TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -16,606. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES 16,606. FEIT GALA 86731 86731 7080 ANNUAL GALA 71694 71694 13762 1 4875 2519 2356 3491 375 2368 163300 160944 2356 3491 375 23210 27076 -24720 X 0 0 0 0 0 0 0 1 0 RACHEL B GROSE EXECUTIVE DIRECTOR 215333 0 45000 0 0 0 6900 0 6600 0 273833 0 0 0 PART I, LINE 7 BONUS AMOUNTS PAID ARE DISCRETIONARY. FOR THE EXECUTIVE DIRECTOR, THE BOARD DETERMINES ANY BONUSES TO BE PAID. FOR THE STAFF, THE EXECUTIVE DIRECTOR DETERMINES ANY BONUSES TO BE PAID. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ABBY KOHN AND JAMES KOHN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS DRAFTED BY ITS OUTSIDE ACCOUNTANTS WITH GUIDANCE FROM MANAGEMENT. THE OUTSIDE ACCOUNTANTS PROVIDE A COPY OF THE DRAFT 990 TO MANAGEMENT WHO REVIEWS AND APPROVES AND THEN FORWARDS TO THE ORGANIZATION'S AUDIT COMMITTEE CHAIR FOR REVIEW. FOLLOWING MANAGEMENT AND THE AUDIT COMMITTEE CHAIR'S REVIEW, THE RETURN IS PRESENTED TO THE FULL BOARD FOR ITS REVIEW BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DISTRIBUTES ITS CONFLICT OF INTEREST POLICY AND A FORM TO DISCLOSE ANY CONFLICTS TO ITS BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. IF AN INTERESTED PERSON BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST THEY MUST PROMPTLY DISCLOSE TO JEWISH FREE LOAN ASSOCIATION (JFLA) THROUGH THE EXECUTIVE DIRECTOR OR THE PRESIDENT OF THE BOARD THE EXISTENCES OF ANY FINANCIAL INTEREST GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST, AND PROVIDE ALL MATERIAL FACTS. THE PRESIDENT MUST INFORM THE EXECUTIVE COMMITTEE OF THE SITUATION. IF THE EXECUTIVE COMMITTEE AGREE THAT THERE WERE VIOLATIONS BY THE INTERESTED PERSON, THE EXECUTIVE COMMITTEE WILL THEN RECOMMEND TO THE BOARD FOR ACTION DISCIPLINARY AND CORRECTIVE MEASURES APPROPRIATE TO THE SITUATION. CURRENTLY JFLA IS WORKING ON DEVELOPING A MORE DETAILED POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED BY AN INDEPENDENT BOARD OF DIRECTORS IN A CLOSED DOOR SESSION IN WHICH ALL MEETINGS ARE DOCUMENTED. THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY USING THE SOUTHERN CALIFORNIA CENTER FOR NONPROFIT MANAGEMENT COMPENSATION AND BENEFITS SURVEY AND OTHER ORGANIZATIONS' ISSUED FORM 990S. THE BOARD COMPARES THE EXECUTIVE DIRECTOR'S SALARY TO SALARIES OF THE EXECUTIVES AT THE FREE LOAN ASSOCIATIONS IN NEW YORK AND SAN FRANCISCO, AS WELL AS TO EXECUTIVES WITHIN THE JEWISH FEDERATION SYSTEM. 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. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 190,888. MANAGEMENT AND GENERAL EXPENSES 14,152. FUNDRAISING EXPENSES 88,251. TOTAL EXPENSES 293,291. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 3,781. MANAGEMENT AND GENERAL EXPENSES 813. FUNDRAISING EXPENSES 1,465. TOTAL EXPENSES 6,059.