2014-05-14T09:57:53-07:00 2013-06-30 990 2012-07-01 341788055 MONTEFIORE FOUNDATION MONT 2163609080 One David N Myers Pkwy Beachwood OH 44122 Mark Weiss 2169102640 2014-05-13 2012 2015-11-30 17:44:51Z Mark Weiss One David N Myers Pkwy Beachwood OH 44122 1771244 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 3 28 4000 1882 874225 1447665 0 0 101793 161560 44265 -1191 1020283 1608034 1106405 882594 0 0 257223 248397 0 0 110373 75692 93533 1439320 1224524 -419037 383510 14487287 16077799 607464 613494 13879823 15464305 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 898470 882594 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 898470 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 0 0 0 0 1 1 0 3 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 0 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 0 0 X X 0 0 0 Philip S Sims 0 0 X X 0 0 0 Mark A Mintz 0 0 X X 0 0 0 Harriet L Fader 0 0 X X 0 0 0 Jeffrey S Davis 0 0 X X 0 0 0 Elaine H Rocker 0 0 X 0 0 0 Bette G Braff 0 0 X 0 0 0 Robert A Fuerst 0 0 X X 0 0 0 Stuart A Gertman 0 0 X 0 0 0 Gerald W Goldberg 0 0 X 0 0 0 Harley I Gross 0 0 X 0 0 0 Andrew W Hoffmann 0 0 X X 0 0 0 Lawrence Kadis 0 0 X 0 0 0 Richard Kaplan 0 0 X 0 0 0 Edith D Miiller 0 0 X 0 0 0 Elmer I Paull 0 0 X 0 0 0 Steven S Willensky 0 0 X 0 0 0 Darrell A Young 0 0 X 0 0 0 Susan Hurwitz 0 0 X X 0 0 0 Hal Uhrman 0 0 X 0 0 0 Terry Adelman 0 0 X 0 0 0 Elaine Gilbert 0 0 X X 0 0 0 Barbara Janovitz 0 0 X 0 0 0 Faye Sholiton 0 0 X 0 0 0 Margo Vinney 0 0 X 0 0 0 Lauren Rock 10 0 X 0 0 0 Mark Weiss 6 0 X 0 0 0 Beverly Gans 40 0 X 128658 0 9100 128658 0 9100 1 0 0 1 0 0 0 192879 0 0 1254786 18933 1447665 0 161560 0 0 161560 0 0 0 0 0 0 0 0 0 0 0 0 162019 192879 163210 -1191 4000 -5191 0 1608034 0 4000 156369 882594 882594 0 0 0 0 0 0 38000 0 38000 0 0 0 0 0 189564 14854 78820 95890 1462 146 1316 0 5509 139 1250 4120 13862 737 6630 6495 30000 0 30000 0 7162 0 7162 0 8655 0 8655 0 0 0 0 0 0 0 0 0 0 0 930 0 930 0 1369 0 1369 0 24285 0 24285 8850 0 8850 0 0 0 0 0 0 0 0 0 726 0 726 0 0 0 0 0 1389 0 1389 0 0 0 0 0 0 0 0 0 474 0 474 0 1915 0 1915 0 Planned Giving 836 0 0 836 Fundraising/Fund Drive 3032 0 0 3032 All other expenses 3910 0 3910 0 1224524 898470 215681 110373 99309 158534 0 106582 0 0 174355 638778 0 0 0 0 0 0 0 0 0 0 48365 47705 1134 660 0 0 12230102 13216186 0 0 0 0 1982387 1957059 14487287 16077799 30607 47066 0 0 0 0 0 0 0 0 0 0 0 0 0 0 576857 566428 607464 613494 X 3413323 3633431 4382690 5685651 6083810 6145223 13879823 15464305 14487287 16077799 X 383510 1165748 0 0 0 35224 X 0 1 X 1 0 X 1398485 833679 1600259 874225 1533432 6240080 0 0 0 0 0 0 0 0 0 0 0 0 1398485 833679 1600259 874225 1533432 6240080 674163 5565917 256023 167131 83900 101793 161560 770407 0 0 0 0 4000 4000 8258 0 49320 44265 162019 263862 7278349 0 0.76472 0.66721 X Income received from gala fundraising event. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7903653 61413 723906 0 140890 0 8548082 8236681 97410 -271129 0 159309 0 7903653 6252335 957082 1180667 0 153403 0 8236681 5900648 10898 505730 0 164941 0 6252335 7136792 91303 -1231599 0 95848 0 5900648 0.09 0.72 0.19 1 0 0 0 0 0 0 0 0 0 0 0 0 0 48365 47705 660 0 0 0 0 660 0 0 Global Equity Funds 8726413 F Bonds 2704522 F Commodity Funds 1785251 F 13216186 Notes receivable from the Montefiore Foundation 921241 SERP Asset 9092 Prepaid expenses 8797 Workers comp deposit 148 Assets held by others 1017781 1957059 0 Amounts due to the Montefiore Home 45056 Charitable gift annuity obligations 521372 566428 X 2996666 1268961 0 0 119671 1388632 1608034 0 0 0 1608034 1412184 0 0 0 187660 187660 1224524 0 0 0 1224524 SchD_P05_S00_L04 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 the Montefiore Housing Corporation. SchD_P10_S00_L02 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. The Foundation's open audit periods are 2010 through current. 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 penalties or interest from taxing authorities included in operating expenses for the years ended June 30, 2013 and 2012. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Estimated additional annuity expense of -$67,989 and fundraising expenses of $187,660 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Gala fundraising event expenses. Montefiore's 130th Anniversary Celebration 354898 192879 162019 0 18933 0 61927 51642 30708 0 0 354898 192879 162019 0 18933 0 61927 51642 30708 163210 -1191 1 The Montefiore Home One David N Myers Pkwy Beachwood OH 44122 340714360 501(c)(3) 866696 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 One David N Myers Pkwy Beachwood OH 44122 310501393 501(c)(3) 15898 0 Volunteer recognition, kashrut, religious activities, plant supplies, staff training and development. 2 0 SchI_P01_S00_L02 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. The Foundation follows certain guidelines established by the Jewish Federation of Cleveland. X 0 1 0 0 0 0 0 0 0 Lauren Rock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mark Weiss 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchJ_P01_S00_L04 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. An employee of the Foundation participates in this plan. In fiscal year 2013, the Foundation funded $989 in additional contributions. The Foundation's liability on the Plan is limited to the fair value of its allocated portion of the assets in the Plan. SchJ_P02_S00_L00 Schedule J, Part II Lauren Rock and Mark Weiss received wages of $325,479 and $221,192 and other compensation of $15,731 and $$21,598 respectively from an unrelated organization for services provided to the Foundation. F990_P06_S0B_L11b 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 then reviewed by an independent auditor. The 990 is then presented to the Board Members for review before filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c If a conflict of interest arises, the matter would be discussed with the appropriate Board member or committee. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The officers of the Foundation are not compensated by the Foundation. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Documents are available upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Net earnings on assets held by others of $103,213 and net change in value of charitable gift annuities of $(67,989) Filing on May 15th due to extension request.