2021-03-18T12:46:13-05:00 2020-06-30 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2019-07-01 411769841 TEMPLE ISRAEL FOUNDATION TEMP 6123778680 2324 EMERSON AVENUE SOUTH MINNEAPOLIS MN 55405 CINDY SHAPIRO PRESIDENT 6123778680 2021-02-05 1 ASHLEY C REHN CPA P00965922 6514267000 2021-02-05 2019 2022-09-23 18:48:47Z CINDY SHAPIRO 2324 EMERSON AVENUE SOUTH MINNEAPOLIS MN 55405 3300336 0 X N/A X 1989 MN THE TEMPLE ISRAEL FOUNDATION CELEBRATES AND SUSTAINS TEMPLE ISRAEL AND ITS ROLE AS A VOICE FOR JEWISH VALUES IN THE CITY OF MINNEAPOLIS. 18 18 0 18 0 0 163706 1202397 0 0 274229 581229 0 0 437935 1783626 389165 433090 0 0 0 0 0 0 57972 222994 232779 612159 665869 -174224 1117757 13094388 13874112 469888 1875 12624500 13872237 X THE TEMPLE ISRAEL FOUNDATION CELEBRATES AND SUSTAINS TEMPLE ISRAEL AND ITS ROLE AS A VOICE FOR JEWISH VALUES IN THE CITY OF MINNEAPOLIS BY PROVIDING A PERMANENT BASE OF FINANCIAL SUPPORT TO AUGMENT AND STRENGTHEN TEMPLE ISRAEL'S JEWISH EDUCATIONAL, RELIGIOUS, PROGRAMMATIC, COMMUNITY AND INTERFAITH ACTIVITIES. 0 0 339674 339674 THE FOUNDATION GIVES GRANTS TO TEMPLE ISRAEL TO SUPPORT THE ADVANCEMENT OF ITS MISSION, VISION AND VALUES. THIS INCLUDES GENERAL OPERATING SUPPORT, ADVANCING TEMPLE ISRAEL'S EDUCATIONAL AND COMMUNITY PROGRAMS AND SUPPORTING ITS WORSHIP SERVICES. ADDITIONALLY, THE FOUNDATION SUPPORTS TEMPLE ISRAEL FACILITIES BY PROVIDING FUNDING FOR REGULAR MAINTENANCE AND THE IMPROVEMENT OF ITS BUILDING AND GROUNDS. GRANTS ALSO SUPPORT JEWISH EDUCATION, INCLUDING RESOURCES FOR LEARNERS WITH SPECIAL NEEDS, ENABLING THEM TO PARTICIPATE FULLY IN BOTH FORMAL AND INFORMAL LEARNING. FUNDING ALSO SUPPORTS INTERFAITH PROGRAMS TOGETHER WITH AREA CHURCHES, MOSQUES, SYNAGOGUES AND OTHER FAITH COMMUNITIES. 48493 48493 THE FOUNDATION SUPPORTS JEWL (JEWISH EXPERIENTIAL WHOLE-PERSON LEARNING), TEMPLE ISRAEL'S EDUCATIONAL PROGRAMMING FOR LEARNERS IN GRADES K-10. JEWL PROVIDES INSTRUCTION IN JEWISH STUDIES, INCLUDING HEBREW. ADDITIONALLY, THE FOUNDATION SUPPORTS PROGRAMMING AT TEMPLE ISRAEL'S CAMP TEKO, WHICH SERVES OVER 300 CHILDREN FROM THROUGHOUT THE TWIN CITIES, AND HOSTS JEWISH PROGRAMMING FOR ALL AGES. 44923 44923 THE FOUNDATION PROVIDES GRANTS TO TEMPLE ISRAEL TO ALLOCATE SCHOLARSHIPS BASED ON FINANCIAL NEED IN ORDER TO ASSURE THAT CONGREGANTS OF ALL AGES HAVE ACCESS TO PROGRAMS AND SERVICES AT TEMPLE ISRAEL AND THROUGHOUT THE JEWISH COMMUNITY. SCHOLARSHIPS ARE GRANTED FOR JEWISH EDUCATION, YOUTH PROGRAM ACTIVITIES, CAMP TEKO, JEWISH CAMPING EXPERIENCES, AND EARLY CHILDHOOD PROGRAMS. 433090 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X ANNE RASMUSSEN 6123778680 2324 EMERSON AVENUE SOUTH MINNEAPOLIS MN 55405 X ANDREW GELLMAN IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 CINDY SHAPIRO PRESIDENT 2.00 X X 0 0 0 MARC HASKO VICE PRESIDENT 2.00 X X 0 0 0 BOB EDELSTEIN TREASURER 2.00 X X 0 0 0 MICHAEL EPSTEIN DIRECTOR 2.00 X 0 0 0 SHERRI FEUER DIRECTOR 2.00 X 0 0 0 MIMI GLEEKEL DIRECTOR 2.00 X 0 0 0 KAREN GRABOW DIRECTOR 2.00 X 0 0 0 STEVE KALIN DIRECTOR 2.00 X 0 0 0 CHARLES NADLER DIRECTOR 2.00 X 0 0 0 MORT NAIMAN DIRECTOR 2.00 X 0 0 0 JIM PROMAN DIRECTOR 2.00 X 0 0 0 JEAN QUAM DIRECTOR 2.00 X 0 0 0 SUSAN RAPPAPORT DIRECTOR 2.00 X 0 0 0 ALAN SILVER DIRECTOR 2.00 X 0 0 0 ANNE STANFIELD DIRECTOR 2.00 X 0 0 0 DEB STEIN DIRECTOR 2.00 X 0 0 0 JED STILLMAN DIRECTOR 2.00 X 0 0 0 ROBERT SWILLER DIRECTOR 2.00 X 0 0 0 FREMAJANE WOLFSON DIRECTOR 2.00 X 0 0 0 PENNY ZIESSMAN DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 1202397 1202397 280444 280444 1817495 1516710 300785 300785 300785 1783626 0 0 581229 X 433090 433090 2175 2175 76003 76003 146629 96629 50000 7972 7972 665869 433090 174807 57972 100786 0 1356771 1759447 139116 495950 11497715 11541985 0 76730 13094388 13874112 469888 1875 469888 1875 X 846680 851821 11777820 13020416 12624500 13872237 13094388 13874112 1117757 129980 0 X 0 1 X 1 0 X 1081912 2642708 371882 163706 1202397 5462605 1081912 2642708 371882 163706 1202397 5462605 3702720 1759885 127042 133718 194782 274229 280444 1010215 6472820 0.27190 0.29070 X SINCE INCEPTION OF TEMPLE ISRAEL FOUNDATION (THE FOUNDATION) IN JANUARY OF 1989, THE ENTITY HAS CELEBRATED AND SUSTAINED TEMPLE ISRAEL AND ITS ROLE AS A VOICE FOR JEWISH VALUES IN THE CITY OF MINNEAPOLIS. THE FOUNDATION PROVIDES SUPPORT TO TEMPLE ISRAEL, A SEPARATE LEGAL ENTITY OPERATED AS AN IRC SECTION 501(C)(3) SYNAGOGUE. AND UNRELATED BASED ON IRS DEFINITION, TO SUSTAIN AND SUPPORT THEIR ACTIVITIES IN PERPETUITY.THE 2018 FORM 990 MARKS THE FIRST YEAR IN THE FOUNDATION'S HISTORY THAT THE PUBLIC SUPPORT PERCENTAGE HAS FALLEN BELOW 33 1/3%. THIS IS DUE TO SEVERAL FACTORS, INCLUDING INCREASING INVESTMENT EARNINGS FROM THE SIGNIFICANT AMOUNT OF ENDOWMENT FUNDS RECEIVED OVER THE FOUNDATION'S HISTORY. ALTHOUGH THE FOUNDATION RECEIVES A SUBSTANTIAL NUMBER OF DONATIONS EACH YEAR, FROM OVER 375 DONORS, THE FOUNDATION WAS PRIMARILY ESTABLISHED IN ORDER TO CREATE A LEGACY GIVING VEHICLE FOR CONGREGANTS AND OTHER SUPPORTERS OF TEMPLE ISRAEL IN ORDER TO BUILD A PERMANENT BASE OF SUPPORT FOR SYNAGOGUE OPERATIONS. NO MATTER THE NUMBER OF DONATIONS WE MAY RECEIVE FROM THE GENERAL PUBLIC, GIFTS WE RECEIVE THROUGH INDIVIDUALS' ESTATES TYPICALLY EXCEED THEM, AND REGULARLY EXCEED THE 2% THRESHOLD, SIGNIFICANTLY REDUCING THE PUBLIC SUPPORT PERCENTAGE. BY THE NATURE OF BEQUESTS, IT IS IMPOSSIBLE TO PREDICT HOW LARGE THEY WILL BE OR WHEN WE WILL RECEIVE THEM. THE FOUNDATION ACTIVELY SOLICITS CONTRIBUTIONS IN MANY WAYS. ADDITIONALLY, TEMPLE ISRAEL HIRED A HALF-TIME FOUNDATION DIRECTOR THIS YEAR FOR THE FIRST TIME IN ORDER TO PROVIDE MORE DEDICATED STAFF TIME TO THE FOUNDATION. ENDOWMENT FUND REPORTS ARE NOW SENT ANNUALLY TO ALL OF OUR ENDOWMENT FUND HOLDERS. THESE DONORS ARE INVITED TO MAKE GIFTS TO THEIR ENDOWMENT FUNDS ON A REGULAR BASIS. SPECIAL EVENTS ARE HELD ON A REGULAR BASIS FOR THESE DONORS, AND THEIR NAMES AND THE NAMES OF THEIR FUNDS ARE PUBLISHED REGULARLY IN THE ANNUAL REPORT AND ON THE TEMPLE ISRAEL WEBSITE AS AN ADDITIONAL REMINDER TO MAKE GIFTS TO THE ENDOWMENT. A NEW PROGRAM, LEGACY SHABBAT, PUBLICIZES THE WORK OF THE FOUNDATION TO THE ENTIRE CONGREGATION. WHEN A CONGREGANT WITH AN ENDOWMENT FUND PASSES AWAY, THE NAME OF THEIR FUND IS PUBLISHED ON OUR WEBSITE'S "DONATIONS" PAGE, MAKING IT EASY FOR THE GENERAL PUBLIC TO MAKE A DONATION TO THE FOUNDATION IN THAT INDIVIDUAL'S MEMORY, A COMMON CULTURAL PRACTICE IN JUDAISM. THE FOUNDATION'S GOVERNING BOARD CONSISTS OF 18 DIVERSE UNRELATED INDIVIDUALS AND REPRESENT THE BROAD INTERESTS OF PUBLIC THAT SUPPORT THE FOUNDATION BOTH FINANCIALLY AND THROUGH THEIR DESIRE TO VOLUNTEER THEIR TIME AND EXPERTISE. THE ACTIVITIES OF THE FOUNDATION ASSIST THE COMMUNITY BY ALLOCATING SCHOLARSHIPS FOR JEWISH EDUCATION AND YOUTH PROGRAM ACTIVITIES, JEWISH EXPERIENTIAL WHOLE-PERSON LEARNING, AND MAINTAINING AND SUPPORTING TEMPLE ISRAEL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11777820 1202397 427654 250139 137316 13020416 11311047 163706 626276 179187 144022 11777820 10705194 370416 535940 171152 129351 11311047 8114244 2642708 1270323 322794 385914 11318567 7444924 1081912 -87759 249631 75202 8114244 0.00000 0.86940 0.13060 0 0 0 X 1837603 129980 129980 1707623 76003 76003 1783626 589866 0 589866 76003 76003 665869 PART V, LINE 4: THE PURPOSE OF TEMPLE ISRAEL FOUNDATION IS TO SUPPORT TEMPLE ISRAEL. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO TAX POSITIONS WHICH ARE CONSIDERED UNLIKELY TO BE SUSTAINED UPON EXAMINATION BY FEDERAL, STATE, OR LOCAL AUTHORITIES. THE ENTITY FILES AS A TAX-EXEMPT ORGANIZATION. PARTS XI AND XII THE FOUNDATION IMPLEMENTED THE PROVISIONS OF ACCOUNTING STANDARDS UPDATE (ASU) 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606), AND ASU 2018-08, CLARIFYING THE SCOPE AND THE ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. THE INTENT OF THE NEW STANDARDS IS TO IMPROVE THE USEFULNESS AND UNDERSTANDABILITY OF THE FOUNDATION'S FINANCIAL REPORTING. ASU 2014-09 PROVIDES NEW REVENUE RECOGNITION STANDARDS, ELIMINATING THE TRANSACTION- AND INDUSTRY-SPECIFIC REVENUE RECOGNITION GUIDANCE AND REPLACES IT WITH A PRINCIPLE-BASED APPROACH FOR DETERMINING REVENUE RECOGNITION. ASU 2018-08 CLARIFIES AND IMPROVES EXISTING GUIDANCE RELATED TO CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. THE PRESENTATION AND DISCLOSURES OF REVENUE HAVE BEEN ENHANCED IN ACCORDANCE WITH THIS STANDARD. ANALYSIS OF THE VARIOUS PROVISIONS OF THESE TWO ASU'S RESULTED IN NO SIGNIFICANT CHANGES IN THE WAY THE FOUNDATION RECOGNIZES REVENUE, AND THEREFORE NO CHANGES TO THE FOUNDATION'S 2019 FINANCIAL STATEMENTS WERE REQUIRED ON A RETROSPECTIVE BASIS. THE PRESENTATION IN THIS FORM 990 HAVE BEEN ADJUSTED ACCORDINGLY. 1 TEMPLE ISRAEL 2324 EMERSON AVENUE SOUTH MINNEAPOLIS MN 55405 410705807 501C3 433090 FMV TO SUPPORT THE MISSION 1 PART I, LINE 2: THE FOUNDATION HAS A BOARD, AN IPS WITH SPECIFIC RULES AND THEY INTERNALLY CALCULATE THE BASIS OF FUNDS QUARTERLY. THE FOUNDATION TAKES A DRAW ALLOWED PER THE IPS ANNUALLY REVIEWING EACH FUND'S RESTRICTION IF APPLICABLE FOR ELIGIBILITY. THE FOUNDATION ALSO HAS AN IMPREST CASH SYSTEM WHERE THEY TRANSFER THE AMOUNT OWED AFTER EACH QUARTER INTO THE FOUNDATION. THE CALCULATED DRAW IS TRANSFERRED TO THE FOUNDATION IN A SEPARATE TRANSACTION. FORM 990, PART VI, SECTION A, LINE 3 TEMPLE ISRAEL FOUNDATION HAS A MANAGEMENT AGREEMENT WITH TEMPLE ISRAEL. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED AND DISCUSSED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE TEMPLE ISRAEL FOUNDATION MONITORS ANY POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DISTRIBUTION TO TEMPLE ISRAEL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 96,629. FUNDRAISING EXPENSES 50,000. TOTAL EXPENSES 146,629.