2023-07-14T10:44:37-05:00 2022-08-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2021-09-01 951691014 JEWISH FREE LOAN ASSOCIATION JEWI 3237618830 6505 WILSHIRE BOULEVARD 715 LOS ANGELES CA 90048 RACHEL GROSE EXECUTIVE DIRECTOR 3237618830 2023-07-12 1 RACHEL GROSE 999009999 KATY BROWN P00650274 9257902600 2023-07-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RACHEL GROSE 6505 WILSHIRE BOULEVARD 715 LOS ANGELES CA 90048 8322640 0 X WWW.JFLA.ORG X 1904 CA OFFER INTEREST-FREE LOANS TO INDIVIDUALS AND FAMILIES WHO MAY NOT QUALIFY FOR NORMAL LENDING. 21 21 16 23 0 0 3791870 3300782 0 0 209367 281295 -23178 -148851 3978059 3433226 0 0 0 0 1104774 1203067 0 0 490163 746790 899736 1851564 2102803 2126495 1330423 24084558 24119255 1192796 954786 22891762 23164469 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 1370931 0 0 JFLA GRANTED 967 LOANS DURING THE FISCAL YEAR (9/1/21 THROUGH 8/31/22) FOR EDUCATION, EMERGENCY NEEDS, SMALL BUSINESSES, AND JEWISH CONTINUITY. AT AUGUST 31,2022, JFLA HAD OVER 2,775 LOANS OUTSTANDING IN THE COMMUNITY. 1370931 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 0 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 24 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 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 ALEXA PEARL O'CONNOR 1ST VICE PRES.(THRU 10/21) 1.00 X X 0 0 0 DAVID HORVITZ 2ND VICE PRESIDENT 1.00 X X 0 0 0 ADEENA BLEICH 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 AARON BLOOM DIRECTOR 1.00 X 0 0 0 ERWIN DILLER DIRECTOR 1.00 X 0 0 0 LINDA FEINHOLZ 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 EVELYN JEROME-ALEXANDER 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 1.00 X 0 0 0 LYNDON PARKER DIRECTOR 1.00 X 0 0 0 JESSICA ROSEN DIRECTOR (THRU 10/21) 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 TOM WALSMITH DIRECTOR 1.00 X 0 0 0 RACHEL B GROSE EXECUTIVE DIRECTOR 37.50 X 239107 0 13200 KIM CARSON DIRECTOR OF FINANCE (THRU 10/21) 37.50 X 101730 0 13811 SARA ROBYN CHIEF ENGAGEMENT OFFICER 37.50 X 99320 0 5476 ADAM LEVINE DIRECTOR OF FINANCE (AS OF 10/21) 37.50 X 26018 0 938 466175 0 33425 3 0 1 0 GLYPHIX 4411 NATOMA AVENUE WOODLAND HILLS CA 91364 MARKETING 183974 1 580285 74999 2645498 3300782 282092 282092 4679251 4680048 -797 -797 -797 60350 580285 209366 -149016 -149016 MISCELLANEOUS 900099 165 165 165 3433226 0 0 132444 479491 194312 116802 168377 522620 370422 29977 122221 104936 62681 14730 27525 23365 12905 835 9625 72655 41156 10434 21065 20414 11563 2932 5919 6402 6402 63000 63000 9632 9632 167613 71272 27632 68709 379303 379303 19262 15410 1926 1926 21617 13456 1508 6653 66810 37845 9595 19370 621 387 43 191 5208 3242 363 1603 20030 16025 2003 2002 20208 11447 2902 5859 PROGRAM COSTS 30871 30871 DUES AND SUBSCRIPTIONS 26377 16419 1840 8118 MISCELLANEOUS 15754 9806 1099 4849 ANNUAL REPORT 15115 9409 1054 4652 11499 11499 2102803 1370931 241709 490163 675188 601251 1065945 24158 1000000 1184000 1266 0 14600610 15685460 43346 42788 359282 250900 127537 108382 6570666 6473216 24084558 24119255 123773 99575 71640 71640 997383 783571 1192796 954786 X 3976266 3011958 18915496 20152511 22891762 23164469 24084558 24119255 1330423 -1057716 0 X 0 1 X 1 0 X 1390936 2097669 3677479 3791870 3300782 14258736 1390936 2097669 3677479 3791870 3300782 14258736 227583 14031153 209950 186651 151104 186958 282092 1016755 173137 145977 120328 6477 60515 506434 15781925 0.88910 0.85950 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. FUNDRAISING EVENT GROSS REVENUE - 2017 AMOUNT: $ 173,137. 2018 AMOUNT: $ 106,457. 2019 AMOUNT: $ 111,900. 2020 AMOUNT: $ 6,000. 2021 AMOUNT: $ 60,350. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 63000 63000 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 71640 1 X 262889 -42338 11773 208778 250500 24914 12525 262889 250500 11789 11789 250500 250500 3276 3276 250500 250500 6172 6172 250500 0.00000 1.00000 0.00000 0 0 359282 250900 108382 108382 DUE TO JEWISH FEDERATION COUNCIL OF GLA 40000 LOAN FUND CONTROLLED BY THIRD PARTIES 743571 783571 2538773 -1057716 -1057716 3596489 9632 -172895 -163263 3433226 2266066 172895 172895 2093171 9632 9632 2102803 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 XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -172,895. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES 172,895. ANNUAL EVENT 276090 240240 35850 29816 27555 2000 41619 DRIVE-IN 2906 1806 1100 5073 85 1 361639 338239 23400 23638 31998 16076 31506 640635 580285 60350 58527 59553 18076 73210 209366 -149016 X X X X 0 0 0 0 0 0 0 1 0 RACHEL B GROSE EXECUTIVE DIRECTOR 199107 0 40000 0 0 0 6600 0 6600 0 252307 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.