EIN 23-3087655

Foundation for Jewish Day Schools of Greater Philadelphia

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2001
Most recent tax filings
2022-08-01
Description
Foundation for Jewish Day Schools of Greater Philadelphia, in partnership with regional Jewish day schools and as an IRS-recognized 501(c)(3) non-profit organization, fulfills its mission by awarding over $12 million in needs-based scholarships to students from low- and moderate-income households who qualify for the educational improvement tax credit program or live within the catchment area of one of the 15% poorest performing schools in Pennsylvania under the opportunity scholarship tax credit program.
Also known as...
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Total revenues
$16,729,528
2022
Total expenses
$13,879,948
2022
Total assets
$8,630,485
2022
Num. employees
0
2022

Program areas at Foundation for Jewish Day Schools of Greater Philadelphia

The Foundation awarded $9,470,977 in needs-based scholarships to 745 Day school students from low- and moderate-income households who qualified for the educational improvement tax credit (eitc) program of the commonwealth of pennsylvania.certain amounts of contributions, within allowable limits of program guidelines, were set aside to create "reserve funds" to create a supplemental source for need-based scholarships based on certain triggering events, as defined: 1. A legislative or governmental change creates a negative impact on the program2. Unforeseen circumstances which negatively impact the economy, school tuition collections, etc.3. Once the total of the school'Schools's reserve funds has reached an amount of over 50% of the average of Day school'Schools's preceding three years of eitc/ostc contributions, the school may distribute funds to students who are Pennsylvania residents according to each Day school'Schools's criteria for determining financial need, or according to the state's criteria already followed by the Foundation, at the school'Schools's discretion.reserve funds, created by these eitc/ostc contributions, are to be held and invested either by the Day school or by the Foundation until a triggering event is met. Special note for eitc and ostc reserve fund distribution to Schools for scholarships: due to the significant fiscal impact of covid-19 on families and therefore the ability of Schools to collect tuition, the Foundation board approved the utilization of reserve funds accrued during fy 22. From these reserve funds, a total of $1,348,294 were distributed to 355 Day school students.
The Foundation awarded $2,623,030 in needs-based scholarships to 245 Day school students who live within the catchment area of one of the 15% poorest performing Schools in the commonwealth of Pennsylvania as allowed under the opportunity scholarship tax credit (ostc) program of the commonwealth of Pennsylvania. The Foundation awarded an additional $5,819 in needs-base scholarships to 1 student which met eitc eligibility requirements, and were not ostc eligible, using "contingency"* funds previously created through ostc contributions. An additional 10 students who were neither eitc nor ostc eligible received $87,546 in scholarships from remaining "contingency"* funds. (*contingency funds are the previous incarnation of reserve funds. They were originally created from ostc contributions only. With the conclusion of fy 22, this category has now been fully expended and will no longer exist. )special note for eitc and ostc reserve fund distribution to Schools for scholarships: due to the significant fiscal impact of covid-19 on families and therefore the ability of Schools to collect tuition, the Foundation board approved the utilization of reserve funds accrued during fy 22. From these reserve funds, a total of $1,348,294 were distributed to 355 Day school students.
The Foundation awarded $719,948 in needs-based scholarships to 188 pre-school students from low- and moderate-income households who attend pre-schools that foster Jewish identity in the Greater Philadelphia area and who qualify for the pre-k educational improvement tax credit program of the commonwealth of Pennsylvania.
The Foundation awarded a combined $66,087 for innovative educational program grants with public Schools to: youth symposium on the holocaust/mordechai anielewicz arts competition Philadelphia holocaust remembrance Foundation inc union of orthodox Jewish congregations of america the weitzman national museum of american Jewish history.

Grants made by Foundation for Jewish Day Schools of Greater Philadelphia

GranteeGrant descriptionAmount
Morris and Rose Caskey Torah Academy of Greater PhiladelphiaEducation - Scholarships$1,989,118
Politz Hebrew Academy of Northeast PhiladelphiaEducation - Scholarships$1,786,100
Perelman Jewish Day School (PJDS)Education - Scholarships$1,600,675
...and 27 more grants made totalling $12,781,379

Who funds Foundation for Jewish Day Schools of Greater Philadelphia

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Levine Family FoundationEducational/religious$125,000

Personnel at Foundation for Jewish Day Schools of Greater Philadelphia

NameTitleCompensation
Michael BalabanPresident and Chief Executive Officer
Nikki DicaroSenior Chief, Finance and Operations
Steven RosenbergChief Operating Officer
Sarah Bernstein SolomonChief Development Officer
Melissa GabillonChief Human Resources Officer
...and 3 more key personnel

Financials for Foundation for Jewish Day Schools of Greater Philadelphia

RevenuesFYE 08/2022
Total grants, contributions, etc.$16,665,063
Program services$0
Investment income and dividends$64,465
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,729,528

Form 990s for Foundation for Jewish Day Schools of Greater Philadelphia

Fiscal year endingDate received by IRSFormPDF link
2021-082022-06-30990View PDF
2020-082021-06-08990View PDF
2019-082020-09-03990View PDF
2018-082019-09-23990View PDF
2017-082018-10-16990View PDF
...and 7 more Form 990s
Data update history
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $125,000 from The Levine Family Foundation
May 6, 2023
Used new vendors
Identified 1 new vendor, including
January 26, 2023
Updated personnel
Identified 3 new personnel
August 1, 2022
Received grants
Identified 1 new grant, including a grant for $60,000 from The Levine Family Foundation
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationJewishReligiousProvides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
2 Commerce St 2001 Market 2300
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Website URL
jewishphilly.org/ways-to-give/eitc/ 
Phone
(215) 832-0807
IRS details
EIN
23-3087655
Fiscal year end
August
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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