2020-07-14T16:07:48-07:00 2019-06-30 135381590 BDO USA LLP 32125 Solon Road Cleveland OH 44139 990 2018-07-01 341788055 MONTEFIORE FOUNDATION MONT 2163609080 One David N Myers Pkwy Beachwood OH 44122 Nathan Dotson CFO 2163609080 2020-07-14 1 Jacob Cook P01240455 4402488787 2020-07-14 104.129.196.213 2018 2020-09-23 17:36:50Z Nate Dotson 1 David Myers Pkwy Beachwood OH 44122 1068367 0 X www.montefiorecare.org X 1994 OH The Montefiore Foundation was established to preserve endowment funds, to provide for proper investment of endowment funds, to allocate funds to Montefiore in accordance with its needs and donors wishes, to increase charitable support through endowment and other fundraising, and to increase community awareness and support. 25 25 4 58 0 4049 1522340 935738 0 0 116374 108829 -117891 -148858 1520823 895709 2174625 1199472 0 0 318242 222057 0 0 125333 141934 111951 2634801 1533480 -1113978 -637771 12841546 12333227 586029 543029 12255517 11790198 The Montefiore Foundation was established to preserve endowment funds, to provide for proper investment of endowment funds, to allocate funds to Montefiore in accordance with its needs and donors wishes, to increase charitable support through endowment and other fundraising, and to increase community awareness and support. 0 0 1298554 1199472 0 The Montefiore Foundation was established to preserve endowment funds, to provide for proper investment of endowment funds, to allocate funds to Montefiore in accordance with its needs and donors wishes, to increase charitable support through endowment and other fundraising and to increase community awareness and support. 0 0 0 1298554 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 4 1 1 1 0 0 0 0 0 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 0 0 0 OH X Nate Dotson 2169102631 One David N Myers Pkwy Beachwood OH 44122 Kenneth G Hochman Board Member 0.1 0 X 0 0 0 Harriet L Fader Assistant Vice Chair 0.1 0 X X 0 0 0 Jeffrey S Davis Immediate Past Chair 0.1 0 X X 0 0 0 Robert A Fuerst Vice Chair 0.1 0 X X 0 0 0 Gerald W Goldberg Board Member 0.1 0 X 0 0 0 Harley I Gross Board Member 0.1 0 X 0 0 0 Andrew W Hoffmann Board Member 0.1 0.25 X 0 0 0 Lawrence Kadis Board Member 0.1 0 X 0 0 0 Steven S Willensky Board Member 0.1 0.25 X 0 0 0 Darrell A Young Board Member 0.1 0 X 0 0 0 Susan Hurwitz Chair 0.1 0 X X 0 0 0 Elaine Gilbert Assistant Secretary 0.1 0 X X 0 0 0 Barbara Janovitz Assistant Treasurer 0.1 0 X X 0 0 0 Margo Vinney Vice Chair 0.1 0 X X 0 0 0 Dennis Schwartz Secretary 0.1 0 X X 0 0 0 Alan Jaffa Board Member 0.1 0 X 0 0 0 Jeffrey Korach Board Member 0.1 0 X 0 0 0 Lawrence Mack Board Member 0.1 0.25 X 0 0 0 David Millet Treasurer 0.1 0 X X 0 0 0 Brian Davis Board Member 0.1 0 X 0 0 0 Ira Goffman Board Member 0.1 0.25 X 0 0 0 Eric Wald Board Member 0.1 0 X 0 0 0 Joyce Wald Board Member 0.1 0 X 0 0 0 Ellen Chernikoff Board Member 0.1 0 X 0 0 0 Barry Miller Board Member 0.1 0 X 0 0 0 Mark Weiss VP/Administrator/CFO 6 10 X 0 0 0 Seth Vilensky President/CEO 10 10 X 0 0 0 Debbie Rothschild Director of Foundation 40 0 X 109055 0 12740 109055 0 12740 1 0 0 1 0 0 0 362692 0 0 573046 12950 935738 0 108829 0 0 108829 0 0 0 0 0 0 0 0 0 0 0 0 23800 362692 172658 -148858 0 -148858 0 895709 0 0 -40029 1199472 1199472 0 0 0 0 0 0 35000 28000 7000 0 0 0 0 0 147248 55954 14725 76569 2997 1139 300 1558 21518 8177 2152 11189 15294 5812 1529 7953 30000 0 30000 0 0 0 0 0 11474 0 11474 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3493 0 3493 0 18936 0 18936 0 12789 0 12789 0 0 0 0 0 0 0 0 0 653 0 653 0 0 0 0 0 824 0 824 0 0 0 0 0 0 0 0 0 1051 0 1051 0 3021 0 3021 0 Annual Fund Drive Expense 28064 0 0 28064 All other expenses 1646 0 1646 0 0 0 0 0 1533480 1298554 109593 125333 165058 141472 90116 86560 140955 172273 13617 15811 0 0 0 0 0 0 0 0 22417 26790 14791 14280 1561 511 0 0 11174332 10733440 0 0 1233490 1156370 12841546 12333227 57519 29120 0 0 13245 16555 0 0 0 0 0 0 0 0 0 0 515265 497354 586029 543029 X 617807 592581 5072960 4626795 6564750 6570822 12255517 11790198 12841546 12333227 X -637771 222909 0 0 0 -50457 X 0 1 X 1 0 X 1467771 922421 730171 1522340 935738 5578441 0 0 0 0 0 0 0 0 0 0 0 0 1467771 922421 730171 1522340 935738 5578441 569103 5009338 125435 104244 97251 116374 108829 552133 0 0 0 -117891 -148858 -266749 0 0 0 0 0 0 5863825 0 0.85428 0.66408 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10541810 16827 159239 0 293087 0 10424789 10072653 233791 518055 0 282689 0 10541810 8929504 41494 1101790 0 135 0 10072653 9386410 93167 -300788 0 249285 0 8929504 9602119 42217 16120 0 274046 0 9386410 0.14 0.63 0.23 1 0 0 0 0 0 0 0 0 0 0 0 0 0 14791 14280 511 0 0 0 0 511 0 0 Global Equity Funds-Pooled Funds at JFC 7087100 F Bonds-Pooled Funds at JFC 2196460 F Commodity Funds-Pooled Funds at JFC 1449880 F 10733440 Workers comp deposit 148 Assets held by others 1156167 Accounts payable 55 1156370 0 Amounts due to the Montefiore Home 95745 Charitable gift annuity obligations 401609 497354 X 1240819 222909 0 0 122201 345110 895709 0 0 0 895709 1706138 0 0 0 172658 172658 1533480 0 0 0 1533480 Schedule D, Part V, Line 4 The eligible portions of the endowment funds are used to help fund special activities and certain expenses incurred by the Montefiore Home and Montefiore Housing Corporation. Schedule D, Part X, Line 2 The Internal Revenue Service has ruled that the Foundation qualifies under Section 501(c)(3) of the Internal Revenue Code and is, therefore, not subject to tax under present Federal income tax laws. The Foundation is classified as an exempt organization under section 509(a)(1). The Foundation follows GAAP for uncertainty in income taxes. The Foundation's income tax filings are subject to audit by various taxing authorities. In evaluating the Foundation's activities, the Foundation believes its position of tax-exempt status is current based on current facts and circumstances. It is the policy of the Foundation to include in operating expenses penalties and interest assessed by income taxing authorities. There are no material penalties or interest from taxing authorities included in operating expenses for the years ended June 30, 2019 and 2018. Schedule D, Part XI, Line 2d Estimated additional annuity expense of -$50,457 and Shining Star event expenses of $172,658. Schedule D, Part XII, Line 2d Shining Star event expenses of $172,658. Shining Star 386492 362692 23800 0 0 20000 16173 24350 112135 0 0 386492 362692 23800 0 0 20000 16173 24350 112135 172658 -148858 1 Montefiore Home 1 David Myers Pkwy Beachwood OH 44122 340714360 501(c)(3) 1108302 0 Resident entertainment and activities, aquarium maintenance, bereavement groups, staff appreciation and development, religious services, volunteer recognition, hospice therapies, dementia, and annual fund. The Montefiore Housing Corporation 1 David Myers Pkwy Beachwood OH 44122 311501393 501(c)(3) 91170 0 Dementia programming and education, staff appreciation and development, resident entertainment and activities, revenue growth coaching 2 0 Schedule I, Part I, Line 2 The Foundation, with its own governing Board of Directors, periodically receives requests of funds from the Home and Housing Corporation for capital or other needs. Once approved by the Board of Directors, funds are transferred to the Home and Housing Corp. The Foundation follows certain guidelines established by the Jewish Federation of Cleveland. 0 1 0 0 0 0 0 0 0 Seth Vilensky President/CEO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mark Weiss VP/Administrator/CFO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule J, Part I, Line 3 Compensation is discussed by a Compensation Committee and CEO compensation is approved by the Compensation Committee. A written contract detailing compensation exists. Schedule J, Part I, Line 4 As of January 1, 2010 the Home established a funded nonqualified defined contribution plan for a select group of management. A former employee participated in this plan during employment with the Foundation and currently still retain assets invested in the plan. The Foundation did not fund the plan in fiscal year 2019. The Foundation's liability on the plan is limited to the fair value of its allocated portion of the assets in the Plan. Schedule J, Part II Seth Vilensky and Mark Weiss received wages and other compensation from an unrelated organization that provides services to the Foundation. Seth Vilensky received wages of $275,719 and other compensation of $11,692 and Mark Weiss received wages of $258,859 and other compensation of $7,478 from the unrelated organization. Form 990, Part VI, Section A, Line 2 Eric Wald and Joyced Wald have a family relationship. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by accounting staff and is then reviewed by the CFO. Once review notes are cleared, the 990 is reviewed by an independent auditor. The 990 is then presented to the Board members for review before filing. Form 990, Part VI, Section B, Line 12c The Montefiore Foundation sends out an annual conflict of interest questionnaire to be completed by Board members and officers and returned to the organization to be reviewed by the CFO. If a conflict of interest arises, the matter would be discussed with the appropriate Board member or committee. Form 990, Part VI, Section C, Line 19 Documents are available upon request. Form 990, Part XI, Line 9 Net change in value of charitable gift annuities of $(50,457). Montefiore Housing Corporation 1 David N Myers Pkwy Beachwood OH 44122 311501393 assisted living and skilled nursing OH 501(c)(3) 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Submitting the return based on deadlines provided by filing the automatic 6 month extension. Due to the COVID-19 pandemic, the filing date was extended an additional 3 months to 7/15/2020.