2025-07-11T11:55:38-05:00 2024-08-31 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-09-01 951691014 JEWISH FREE LOAN ASSOCIATION JEWI 3237618830 6505 WILSHIRE BOULEVARD 715 LOS ANGELES CA 90048 RACHEL GROSE EXECUTIVE DIRECTOR 3237618830 2025-07-10 1 1 KATY BROWN P00650274 9257902600 2025-06-26 2023 2025-03-06 01:10:19Z RACHEL GROSE 6505 WILSHIRE BOULEVARD 715 LOS ANGELES CA 90048 4082778 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 15 21 0 0 3014980 2896047 0 0 313929 377075 -24720 -16551 3304189 3256571 0 0 0 0 1254313 1437518 0 0 512218 909258 1505798 2163571 2943316 1140618 313255 25667910 26737557 1082250 1274344 24585660 25463213 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 2150083 NO-FEE, NO-INTEREST LOANSIN FISCAL YEAR ENDED 2024 (09/01/23 THROUGH 08/31/24), THE JEWISH FREE LOAN ASSOCIATION OF LOS ANGELES (JFLA) MADE 983 LOANS FOR $10,421,442.AS OF AUGUST 31, 2024, THE ORGANIZATION HAD AN OUTSTANDING LOAN BALANCE OF $18,177,762, MEANING AT THAT POINT, THEY HAD INVESTED OVER $18 MILLION IN THE LOS ANGELES, VENTURA, AND SANTA BARBARA COMMUNITIES. 2150083 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 24 0 1 15 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 IVAN KALLICK 1ST VICE PRESIDENT 1.00 X X 0 0 0 DAVID HORVITZ 2ND VICE PRESIDENT 1.00 X X 0 0 0 EVA PLAZA MANDEL SECRETARY 1.00 X X 0 0 0 LESLIE ARONZON TREASURER 1.00 X X 0 0 0 ARON ABECASSIS DIRECTOR 1.00 X 0 0 0 ADEENA BLEICH DIRECTOR (THRU 02/24) 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 JOEL GLUCOFT DIRECTOR 1.00 X 0 0 0 MARK GOLDIN 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 LYNDON PARKER DIRECTOR 1.00 X 0 0 0 ALAN SPIWAK DIRECTOR (THRU 09/23) 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 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 270000 0 14100 ADAM LEVINE DIRECTOR OF FINANCE 37.50 X 122100 0 16961 SARA ROBYN CHIEF ENGAGEMENT OFFICER (THRU 02/23) 30.00 X 24459 0 0 416559 0 31061 2 0 1 0 GLYPHIX ADVERTISING 21201 OXNARD ST WOODLAND HILLS CA 91367 MARKETING 341329 1 36688 2859359 4036 2896047 377083 377083 804773 804781 -8 -8 -8 4875 36688 21426 -16551 -16551 3256571 0 0 360524 447230 222813 133367 91050 761232 535606 41476 184150 115223 74108 13855 27260 31888 21484 1082 9322 81945 51625 11472 18848 72406 45616 10137 16653 39612 39612 40000 40000 1423 1423 287684 188187 10858 88639 427844 427844 3009 2407 301 301 6375 4012 389 1974 19023 13851 2224 2948 5893 3709 359 1825 6403 4030 390 1983 19120 15296 1912 1912 56093 35339 7853 12901 PROGRAM COSTS 406300 406300 DUES AND SUBSCRIPTIONS 36743 23124 2240 11379 MISCELLANEOUS 33858 21308 2065 10485 FUNDRAISING 30588 30588 13424 13424 2943316 2150083 281015 512218 231943 266052 613414 256422 1009150 1063372 16996334 18578996 61467 74230 366784 289427 93983 77357 6661619 6421128 25667910 26737557 243295 318306 71640 71640 767315 884398 1082250 1274344 X 3538173 4006033 21047487 21457180 24585660 25463213 25667910 26737557 313255 564298 0 X 0 1 X 1 0 X 3677479 3791870 3300782 3014980 2896047 16681158 3677479 3791870 3300782 3014980 2896047 16681158 604914 16076244 151104 186958 282092 314690 377083 1311927 8428 477 165 9070 18002155 0.89300 0.89450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 8,428. 2020 AMOUNT: $ 477. 2021 AMOUNT: $ 165. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 40000 40000 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 71640 1 X 216433 18982 11296 224119 208778 18558 10903 216433 262889 -42338 11773 208778 250500 24914 12525 262889 250500 11789 11789 250500 0.00000 1.00000 0.00000 0 0 366784 289427 77357 77357 DUE TO JEWISH FEDERATION COUNCIL OF GLA 40000 LOAN FUND CONTROLLED BY THIRD PARTIES 844398 884398 X 3819446 564298 564298 3255148 1423 1423 3256571 2941893 0 2941893 1423 1423 2943316 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. MAY 5TH 120TH ANNIV. CELEBRATION 41563 36688 4875 4231 7590 6200 3405 41563 36688 4875 4231 7590 6200 3405 21426 -16551 X 0 0 0 0 0 0 0 1 0 RACHEL B GROSE EXECUTIVE DIRECTOR 240000 0 30000 0 0 0 7500 0 6600 0 284100 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.