2019-05-14T16:01:29-07:00 2018-06-30 135381590 BDO USA LLP 32125 Solon Road Cleveland OH 44139 990 2017-07-01 341788055 MONTEFIORE FOUNDATION MONT 2163609080 One David N Myers Pkwy Beachwood OH 44122 Mark Weiss CFO 2169102640 2019-05-14 0 Jacob Cook P01240455 4402488787 2019-05-14 104.129.196.109 2017 2019-02-21 02:37:17Z Mark Weiss 1 David Myers Pkwy Beachwood OH 44122 1653349 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 60 0 4054 730171 1522340 0 0 97251 116374 0 -117891 827422 1520823 1268125 2174625 0 0 294360 318242 0 0 169155 121849 141934 1684334 2634801 -856912 -1113978 13270048 12841546 648271 586029 12621777 12255517 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 2310257 2174625 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 2310257 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 4 1 1 1 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 Mark Weiss 2169102640 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 Assistant Secretary 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 X 0 0 0 Lawrence Kadis Board Member 0.1 0 X 0 0 0 Steven S Willensky Board Member 0.1 0 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 Vice Chair 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 Harvey Siegel Board Member 0.1 0 X 0 0 0 Reuven Dessler Board Member 0.1 0 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 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 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 Mark Weiss VP/Administrator/CFO 6 49 X 0 0 0 Seth Vilensky President/CEO 10 45 X 0 0 0 Debbie Rothschild Director of Foundation 40 0 X 105000 0 14722 105000 0 14722 1 0 0 1 0 0 0 443611 0 0 1078729 6000 1522340 0 116374 0 0 116374 0 0 0 0 0 0 0 0 0 0 0 0 14635 443611 132526 -117891 0 -117891 0 1520823 0 0 -1517 2156125 2156125 18500 18500 0 0 0 0 35000 28000 7000 0 0 0 0 0 245050 93119 24505 127426 2922 1111 292 1519 17607 6690 1761 9156 17663 6712 1766 9185 30000 0 30000 0 0 0 0 0 50500 0 50500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 710 0 710 0 18408 0 18408 0 11548 0 11548 0 0 0 0 0 0 0 0 0 1230 0 1230 0 0 0 0 0 566 0 566 0 0 0 0 0 0 0 0 0 1752 0 1752 0 2724 0 2724 0 Planned Giving 474 0 0 474 Fundraising/Fund Drive 21395 0 0 21395 All other expenses 2627 0 2627 0 2634801 2310257 155389 169155 155357 165058 94072 90116 157085 140955 8592 13617 0 0 0 0 0 0 0 0 30535 22417 14791 13230 3313 1561 0 0 11665013 11174332 0 0 1156081 1233490 13270048 12841546 36714 57519 0 0 144500 13245 0 0 0 0 0 0 0 0 0 0 467057 515265 648271 586029 X 1380177 617807 4816748 5072960 6424852 6564750 12621777 12255517 13270048 12841546 X -1113978 797611 0 0 0 -49893 X 0 1 X 1 0 X 953850 1467771 922421 730171 1522340 5596553 0 0 0 0 0 0 0 0 0 0 0 0 953850 1467771 922421 730171 1522340 5596553 1573617 4022936 135961 125435 104244 97251 116378 579269 0 0 0 0 -117891 -117891 0 0 0 0 0 0 6057931 0 0.66408 0.59319 X 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 8548082 174055 1164317 0 284335 0 9602119 0.14 0.24 0.62 1 0 0 0 0 0 0 0 0 0 0 0 0 0 14791 13230 1561 0 0 0 0 1561 0 0 Global Equity Funds-Pooled Funds at JFC 7378213 F Bonds-Pooled Funds at JFC 2286683 F Commodity Funds-Pooled Funds at JFC 1509436 F 11174332 SERP Asset 11794 Workers comp deposit 148 Assets held by others 1176548 Due from Housing 45000 1233490 0 Amounts due to the Montefiore Home 96867 Charitable gift annuity obligations 418398 515265 X 2401067 797611 0 0 82633 880244 1520823 0 0 0 1520823 2767327 0 0 0 132526 132526 2634801 0 0 0 2634801 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, 2018 and 2017. Schedule D, Part XI, Line 2d Estimated additional annuity expense of -$49,893 and Shining Star event expenses of $132,526. Schedule D, Part XII, Line 2d Shining Star event expenses of $132,526. Shining Star 458246 443611 14635 0 0 25276 21920 34700 50630 0 0 458246 443611 14635 0 0 25276 21920 34700 50630 132526 -117891 1 Montefiore Home 1 David Myers Pkwy Beachwood OH 44122 340714360 501(c)(3) 2144974 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) 8651 0 Dementia programming and education, staff appreciation and development 2 0 College scholarships awarded to winners of Shining Star event. 4 18500 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 retains assets invested in the plan. The Foundation did not fund the plan in fiscal year 2018. 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 $262,582 and other compensation of $15,845 and Mark Weiss received wages of $247,913 and other compensation of $9,821 from the unrelated organization. Form 990, Part VI, Section A, Line 2 Eric Wald and Joyce Wald are husband and wife. Also, Robert Fuerst is a partner at Meyers, Roman, Friedberg, Lewis which does legal work for Montefiore. 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 Foundations 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 $(49,893). 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 Filing on May 15th due to extension request.