2017-07-06T16:06:59-05:00 2016-08-31 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2015-09-01 951691014 JEWISH FREE LOAN ASSOCIATION JEWI 3237618830 6505 WILSHIRE BOULEVARD No 715 LOS ANGELES CA 90048 Rachel Grose CEO & Executive Director 3237618830 2017-07-06 1 Thomas Schulte P00637812 9257902600 2015 2021-01-29 14:40:06Z DAVID LEVY 6505 WILSHIRE BOULEVARD No 715 LOS ANGELES CA 90048 2785445 0 X WWW.JFLA.ORG X 1904 CA Offer interest-free loans to individuals and families who may not qualify for normal lending. 23 23 13 26 0 0 2301900 1801488 -2764 0 159081 106109 -49769 13773 2408448 1921370 0 0 0 0 1475749 1174270 0 0 306074 545190 578299 2020939 1752569 387509 168801 17798851 18221837 509643 604649 17289208 17617188 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. Interest-free loans instead of charity fill an important gap in our social system by promoting self-sufficiency with dignity. 0 0 1171050 0 0 JFLA granted 1,178 loans during the fiscal year for education, emergency needs,life cycle, resettlement, healthcare and microenterprise. 1171050 1 1 0 0 0 0 0 0 0 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 2 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X KATHY WAX 3237618830 6505 WILSHIRE BLVD SUITE 715 LOS ANGELES CA 90048 HAROLD TOMIN President 1.00 X X 0 0 0 LESLIE ARONZON Vice President 1.00 X X 0 0 0 STAN KING Vice President 1.00 X X 0 0 0 JORDAN LURIE Vice President 1.00 X X 0 0 0 TONY SAUBER Board Secretary 1.00 X X 0 0 0 TOM WALSMITH Board Treasurer 1.00 X X 0 0 0 JOEL GLUCOTT Board Assistant 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 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 BRUCE M GUMBINER Director 1.00 X 0 0 0 DAVID HORVITZ Director 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 PAUL B SHANE Director 1.00 X 0 0 0 BRUCE D SIRES Director 1.00 X 0 0 0 VICTOR SNIDER Director 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 TONY STERN Director 1.00 X 0 0 0 MARK MELTZER Former CEO & Executive Director 37.00 X 270407 0 85544 DAVID R LEVY Former CEO & Executive Director 37.00 X 222972 0 21605 MURRAY LEVIN CFO 37.00 X 158093 0 8958 RACHEL GROSE CEO & Executive Director 37.00 X 122563 0 40589 ELLIOT FRIEDLAND Director of Major Gifts 37.00 X 111163 0 35241 885198 0 191937 5 0 1 0 0 113330 330373 1357785 3585 1801488 167984 167984 678026 739901 -61875 -61875 -61875 120774 330373 124174 -3400 -3400 Miscellaneous 900099 17173 17173 17173 1921370 0 0 119882 312894 191389 85531 35974 635508 478465 23531 133512 123494 88928 11249 23317 41078 29485 4077 7516 61296 43413 6851 11032 10846 10846 65384 65384 28379 28379 64255 22905 8835 32515 17182 12169 1920 3093 34746 24609 3884 6253 116579 82568 13029 20982 23981 16985 2680 4316 7607 5388 850 1369 BAD DEBT 105707 105707 MISCELLANEOUS 75163 53237 8399 13527 PROGRAM COSTS 15802 15802 FUNDRAISING 12668 12668 1752569 1171050 275445 306074 651112 1619683 1405690 1291880 11698162 11040282 211739 149466 76662 62273 3967225 4207719 17798851 18221837 128123 123083 381520 481566 509643 604649 X 776682 2288534 246542 250500 16265984 15078154 17289208 17617188 17798851 18221837 168801 159179 0 X 0 1 X 1 0 X 2767321 1934973 3385677 2059225 1801488 11948684 2767321 1934973 3385677 2059225 1801488 11948684 1662360 10286324 113553 109194 106453 164051 167984 661235 12609919 9583 0.81570 0.82230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 250000 500 6304 6304 250500 2624231 147387 -38929 66185 2666504 2282400 206317 315514 180000 2624231 2266604 9974 5822 2282400 2513970 147263 394629 2266604 1.00000 0 0 211739 149466 62273 62273 LOAN FUNDS FOR OTHERS 358545 UNEARNED SPECIAL EVENT REVENUE 17700 DUE TO JEWISH FEDERATION COUNCIL OF GREA 105321 481566 2055570 159179 3400 162579 1892991 28379 28379 1921370 1727590 3400 3400 1724190 28379 28379 1752569 Part V, Line 4: The purpose of the endowment is to generate income for organization operations. During the FYE August 31, 2016, the organization determined a substantial portion of its previously reported endowment balance did not meet the requirements of an endowment. The organization restated its endowment balance with a reduction of $2,416,504 during the year to reflect this. Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 3,400. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 3,400. AWARDS DINNER 158617 123519 35098 30121 1750 4977 FEIT 4 KIDS 292530 206854 85676 53431 1650 32245 451147 330373 120774 83552 3400 37222 124174 -3400 X X X 1 0 0 0 0 0 0 0 0 MARK MELTZER Former CEO & Executive Director 270407 0 0 0 0 0 85059 0 485 0 355951 0 0 0 DAVID R LEVY Former CEO & Executive Director 222972 0 0 0 0 0 11250 0 10355 0 244577 0 0 0 MURRAY LEVIN CFO 158093 0 0 0 0 0 8670 0 288 0 167051 0 0 0 RACHEL GROSE CEO & Executive Director 122563 0 0 0 0 0 40240 0 349 0 163152 0 0 0 Part I, Line 4a During the FYE August 31, 2016, former CFO Murray Levin received a severance payment totaling $25,877. Form 990, Part I, Line 1 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. Form 990, Part VI, Section B, line 11 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 UPON REQUEST