2022-01-10T18:27:32-06:00 2020-08-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2019-09-01 951691014 JEWISH FREE LOAN ASSOCIATION JEWI 3237618830 6505 WILSHIRE BOULEVARD NO 715 LOS ANGELES CA 90048 KIM CARSON DIRECTOR OF FINANCE 3237618830 2021-12-03 1 KATY BROWN P00650274 9257902600 2021-12-03 2019 2022-09-23 18:48:47Z X RACHEL GROSE 6505 WILSHIRE BOULEVARD NO 715 LOS ANGELES CA 90048 6953037 0 X WWW.JFLA.ORG X 1904 CA OFFER INTEREST-FREE LOANS TO INDIVIDUALS AND FAMILIES WHO MAY NOT QUALIFY FOR NORMAL LENDING. 26 26 13 27 0 0 2097669 3677479 0 0 202621 162161 102591 -80145 2402881 3759495 0 0 0 0 1048968 1003652 0 29278 449824 684666 956200 1733634 1989130 669247 1770365 18733645 21802722 481997 1614164 18251648 20188558 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 1262717 JFLA GRANTED 801 LOANS DURING THE FISCAL YEAR (9/1/19-8/31/20) FOR EDUCATION, EMERGENCY NEEDS, SMALL BUSINESSES, AND JEWISH CONTINUITY. AT AUGUST 31, 2020, JFLA HAD OVER 2,200 LOANS OUTSTANDING IN THE COMMUNITY. 1262717 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X KIM CARSON 3237618830 6505 WILSHIRE BLVD SUITE 715 LOS ANGELES CA 90048 JORDAN LURIE PRESIDENT 1.00 X X 0 0 0 DAVID HORVITZ 1ST VICE PRESIDENT 1.00 X X 0 0 0 ALEXA O'CONNOR 2ND VICE PRES & SECRETARY 1.00 X X 0 0 0 BRANDON LEVIN TREASURER 3.00 X X 0 0 0 ARON ABECASSIS DIRECTOR 1.00 X 0 0 0 MAYIM BIALIK DIRECTOR 1.00 X 0 0 0 ADEENA BLEICH 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 YVETTE EDIDIN 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 DAVID GLETTNER DIRECTOR (LEFT 4/2020) 1.00 X 0 0 0 JOEL GLUCOFT DIRECTOR 1.00 X 0 0 0 BRUCE M GUMBINER DIRECTOR (LEFT 2/2020) 1.00 X 0 0 0 GREG KLEIN 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 LEWIS DIRECTOR 1.00 X 0 0 0 LYNDON PARKER DIRECTOR (START 9/2019) 1.00 X 0 0 0 JESSICA ROSEN DIRECTOR 1.00 X 0 0 0 TONY SAUBER DIRECTOR 1.00 X 0 0 0 PAUL B SHANE DIRECTOR 1.00 X 0 0 0 ALAN SPIWAK DIRECTOR 1.00 X 0 0 0 MITCHELL J 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 203155 0 3825 SARA ROBYN DIR. OF DONOR CULTIVATION 37.50 X 85625 0 0 KIM CARSON DIRECTOR OF FINANCE 37.50 X 50812 0 3622 339592 0 7447 1 0 1 0 0 20000 313122 275000 3069357 3677479 151104 151104 3004126 2993069 11057 11057 11057 111900 313122 200473 -88573 -88573 MISCELLANEOUS 900099 8428 8428 8428 3759495 0 0 82016 492965 251709 105937 135319 406319 285610 3303 117406 13203 4112 9091 32985 18847 1743 12395 58180 34830 6124 17226 29105 17424 3063 8618 38458 38458 29278 29278 7982 7982 127669 70086 26914 30669 17037 11795 5242 56086 28638 5313 22135 30517 13770 11019 5728 125722 77495 12573 35654 1842 1002 186 654 34 19 3 12 17960 10751 1890 5319 10631 6364 1119 3148 PROGRAM COSTS 295764 295764 RETURN OF LOAN FUND 130000 130000 BAD DEBT 50125 50125 FUNDRAISING 8997 8997 8271 4501 837 2933 1989130 1262717 276589 449824 67398 969299 3100 1251240 800000 30468 29104 12596578 13559129 29236 27012 354351 210875 134823 143476 4620802 6274702 18733645 21802722 258977 208026 54670 128350 80625 40000 1325513 481997 1614164 X 2177694 3075012 16073954 17113546 18251648 20188558 18733645 21802722 1770365 166545 0 X X 0 1 X 1 0 X 1801488 1543174 1390936 2097669 3677479 10510746 1801488 1543174 1390936 2097669 3677479 10510746 600700 9910046 167984 137045 209950 186651 151104 852734 137947 259627 173137 145977 120328 837016 12200496 0.81230 0.78330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2015 AMOUNT: $ 17,173. 2016 AMOUNT: $ 3,092. 2018 AMOUNT: $ 39,520. 2019 AMOUNT: $ 8,428. FUNDRAISING EVENT GROSS REVENUE - 2015 AMOUNT: $ 120,774. 2016 AMOUNT: $ 256,535. 2017 AMOUNT: $ 173,137. 2018 AMOUNT: $ 106,457. 2019 AMOUNT: $ 111,900. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 128350 47725 80625 1 X 250500 11789 11789 250500 250500 3276 3276 250500 250500 6172 6172 250500 250500 5574 5574 250500 250000 500 6304 6304 250500 1.00000 0 0 354351 210875 143476 143476 DUE TO JEWISH FEDERATION COUNCIL OF GLA 40000 LOAN FUND CONTROLLED BY THIRD PARTIES 1115262 PAYCHECK PROTECTION PROGRAM (PPP) 170251 1325513 3983264 166545 166545 3816719 7982 -65206 -57224 3759495 2046354 65206 65206 1981148 7982 7982 1989130 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 -65,206. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRASING EXPENSES 65,206. X X 1 CARRI GARELICK 9313 BOLTON RD LOS ANGELES CA 90035 DEVELOPMENT CONSULTING SERVICES 0 21600 21600 0 MELISSA SIMOCK 7964 FOUNTAIN AVENUE 16 WEST HOLLYWOOD CA 90046 DEVELOPMENT CONSULTING SERVICES 0 5740 5740 0 27340 27340 CA FEIT FOR KIDS 294422 221522 72900 19962 66853 1564 43615 ANNUAL EVENT 130600 91600 39000 297 32691 13900 21591 425022 313122 111900 20259 99544 15464 65206 200473 -88573 X X X X 0 0 0 0 0 0 0 1 0 RACHEL B GROSE EXECUTIVE DIRECTOR 173155 0 30000 0 0 0 3825 0 0 0 206980 0 0 0 PART I, LINE 7 BONUS AMOUNTS ARE DISCRETIONARY. FOR THE EXECUTIVE DIRECTOR, THE BOARD DETERMINES. FOR STAFF, THE EXECUTIVE DIRECTOR DETERMINES. 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 ON AN ANNUAL BASIS. 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 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR FORM 990, AMENDED RETURN EXPLANATION FORM 990, PART VII, SECTION A, LINE 29 : OFFICER RACHEL B. GROSE'S ESTIMATED AMOUNT OF OTHER COMPENSATION FROM THE ORGANIZATION WAS AMENDED. ON THE ORIGINAL RETURN, HER ESTIMATED AMOUNT OF OTHER COMPENSAATION REPORTED IN COLUMN (F) WAS $91,064. THIS AMOUNT INCLUDED DEFERRED COMPENSATION OF HER AND OTHER EMPLOYEES. RACHEL B. GROSE'S ACTUAL AMOUNT OF DEFERRED COMPENSATION IS $3,825. FORM 990, PART VII, SECTION A, LINE 29 COLUMN (F) WAS AMENDED TO $3,825. SCHEDULE J, PART II, LINE 1: OFFICER RACHEL B. GROSE'S COMPENSATION WAS AMENDED. ON THE ORIGINAL RETURN, HER BASE WAGE REPORTED IN COLUMN (I) FOR $203,155 AND HER BONUS IN COLUMN (II) WAS REPORTED AS $30,000. THE $30,000 BONUS THAT SHE RECEIVED IS INCLUDED IN THE $203,155, THUS MAKING HER ACTUAL BASE WAGE $173,155. SCHEDULE J PART II COLUMN (B)(I) WAS AMENDED TO $173,155. ALSO, ON THE ORIGINAL RETURN, HER ESTIMATED AMOUNT OF OTHER COMPENSATION REPORTED IN COLUMN (F) WAS $91,064. THIS AMOUNT INCLUDED DEFERRED COMPENSATION OF HER AND OTHER EMPLOYEES. RACHEL B. GROSE'S ACTUAL AMOUNT OF DEFERRED COMPENSATION IS $3,825.