2020-07-06T16:03:58-05:00 2019-08-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2018-09-01 951691014 JEWISH FREE LOAN ASSOCIATION JEWI 3237618830 6505 WILSHIRE BOULEVARD NO 715 LOS ANGELES CA 90048 RACHEL GROSE EXECUTIVE DIRECTOR 3237618830 2020-07-02 1 KATY BROWN P00650274 9257902600 2020-07-02 34.100.94.80 2020-07-02 15:21:55 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7777A0160DD75CFDDC16105D0C842EB02EF403B0 2018 2021-01-29 14:40:06Z RACHEL GROSE 6505 WILSHIRE BOULEVARD NO 715 LOS ANGELES CA 90048 2608392 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 16 25 0 0 1390936 2097669 0 0 205537 202621 98170 102591 1694643 2402881 0 0 0 0 925517 1048968 0 0 437909 772255 684666 1697772 1733634 -3129 669247 18177255 18733645 487767 481997 17689488 18251648 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 1129199 JFLA GRANTED 862 LOANS DURING THE FISCAL YEAR (9/1/18-8/31/19) FOR EDUCATION, EMERGENCY NEEDS, SMALL BUSINESSES, AND JEWISH CONTINUITY. 1129199 1 1 0 0 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 14 0 1 16 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 KIM CARSON 3237618830 6505 WILSHIRE BLVD SUITE 715 LOS ANGELES CA 90048 JORDAN LURIE PRESIDENT 1.00 X X 0 0 0 LESLIE ARONZON VICE PRESIDENT (THRU 01/19) 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 1.00 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 (START 09/18) 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 MEG FEITELBERG DIRECTOR (START 09/18) 1.00 X 0 0 0 JOEL GLUCOFT DIRECTOR 1.00 X 0 0 0 BRUCE M GUMBINER DIRECTOR 1.00 X 0 0 0 ABBY KOHN DIRECTOR (START 09/18) 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 JESSICA ROSEN DIRECTOR (START 09/18) 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 BRUCE D SIRES DIRECTOR (THRU 10/18) 1.00 X 0 0 0 VICTOR SNIDER DIRECTOR (THRU 09/18) 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 EXECTUIVE DIRECTOR 37.50 X 201132 0 632 SARA ROBYN DIRECTOR OF DONOR CULTIVATION (START 10/19) 37.50 X 19178 0 0 KATHY S WAX FISCAL MANAGER (THRU 06/19) 37.50 X 91857 0 4406 KIM CARSON DIRECTOR OF FINANCE (START 07/19) 37.50 X 0 0 0 312167 0 5038 1 0 1 0 0 73333 107320 1917016 2097669 186651 186651 178095 162125 15970 15970 15970 106457 107320 43386 63071 63071 MISCELLANEOUS 900099 39520 39520 39520 2402881 0 0 305212 443946 238748 85231 119967 482759 359644 9811 113304 23279 9629 13650 36540 23354 3611 9575 62444 39964 6244 16236 20583 13173 2058 5352 89466 57258 8947 23261 3820 3820 163554 104674 16356 42524 31634 31634 73690 47162 7369 19159 13260 8486 1326 3448 128852 82465 12885 33502 15548 9951 1555 4042 25978 16626 2598 6754 9782 6261 978 2543 PROGRAM COSTS 46342 46342 ANNUAL REPORT 20346 13021 2035 5290 FUNDRAISING 14873 14873 BOARD OF DIRECTORS EXP 11296 7229 1130 2937 15642 13578 572 1492 1733634 1129199 166526 437909 635587 67398 9365 3100 1103655 1251240 35619 30468 10527627 12596578 7577 29236 327739 192916 140335 134823 5717490 4620802 18177255 18733645 99342 258977 54670 328425 128350 60000 40000 487767 481997 X 2224029 2177694 15214959 15823454 250500 250500 17689488 18251648 18177255 18733645 669247 -107087 0 X X 0 1 X 1 0 X 2059225 1801488 1543174 1390936 2097669 8892492 2059225 1801488 1543174 1390936 2097669 8892492 646859 8245633 164051 167984 137045 209950 186651 865681 52500 137947 259627 173137 145977 769188 10527361 0.78330 0.76380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2015 AMOUNT: $ 17,173. 2016 AMOUNT: $ 3,092. 2018 AMOUNT: $ 39,520. FUNDRAISING EVENT GROSS REVENUE - 2014 AMOUNT: $ 52,500. 2015 AMOUNT: $ 120,774. 2016 AMOUNT: $ 256,535. 2017 AMOUNT: $ 173,137. 2018 AMOUNT: $ 106,457. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 128350 128350 1 X 250500 3276 3276 250500 250500 6172 6172 250500 250500 5574 5574 250500 250000 500 6304 6304 250500 2624231 147387 -38929 66185 2666504 1.00000 0 0 327739 192916 134823 134823 DUE TO JEWISH FEDERATION COUNCIL OF G LA 40000 40000 X 2297726 -107087 -107087 2404813 3820 -5752 -1932 2402881 1735566 5752 5752 1729814 3820 3820 1733634 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'S FEDERAL INCOME TAX RETURNS FOR TAX YEARS ENDED AUGUST 31, 2016, AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE RETURNS FOR CALIFORNIA, ITS ONLY STATE JURISDICTION, REMAIN SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES FOR THE TAX YEARS ENDED AUGUST 31, 2015, AND BEYOND. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -5,752. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 5,752. MAYIM EVENT 2019 213777 107320 106457 7370 25493 10523 213777 107320 106457 7370 25493 10523 43386 63071 X X X X 0 0 0 0 0 0 0 1 0 RACHEL B GROSE EXECTUIVE DIRECTOR 181132 0 20000 0 0 0 0 0 632 0 201764 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 ABBY KOHN AND JAMES KOHN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - 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 THE EXECUTIVE COMMITTEE. THE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S SALARY USING THE SOUTHERN CALIFORNIA CENTER FOR NONPROFIT MANAGEMENT COMPENSATION AND BENEFITS SURVEY AND OTHER ORGANIZATIONS' ISSUED 990S. THE COMMITTEE 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