2024-11-05T11:47:27-06:00 2023-12-31 454051133 FREED MAXICK CPAS PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2023-01-01 222263845 JEWISH SENIOR LIFE FOUNDATION INC JEWI 5854277760 2021 WINTON ROAD SOUTH ROCHESTER NY 14618 CARLY ZECHER CFO 5854277760 2024-10-31 1 0 MARY MADONIA P00405803 7168472651 2024-10-30 2023 2024-10-15 13:58:12Z JOY PLOTNIK 2021 WINTON ROAD SOUTH ROCHESTER NY 14618 15155237 0 X WWW.JSLFOUNDATION.ORG X 1979 NY THE PRIMARY PURPOSE OF THE FOUNDATION IS TO GENERATE FINANCIAL SUPPORT TO SUSTAIN THE MISSION OF JEWISH SENIOR LIFE AND ITS AFFILIATES, TO ENHANCE THE LIVES OF OUR RESIDENTS, PATIENTS, AND THEIR FAMILIES. 15 15 0 15 0 0 1127372 2518433 0 0 2298123 1352294 0 0 3425495 3870727 1741891 1482977 0 0 500379 465379 0 0 397374 585461 577771 2827731 2526127 597764 1344600 52120378 59794947 7306951 7361460 44813427 52433487 X SEE SCHEDULE OTHE PRIMARY PURPOSE OF THE FOUNDATION IS TO GENERATE FINANCIAL SUPPORT TO SUSTAIN THE MISSION OF JEWISH SENIOR LIFE AND ITS AFFILIATES, TO ENHANCE THE LIVES OF OUR RESIDENTS, PATIENTS, AND THEIR FAMILIES. 0 0 482192 482192 DISTRIBUTION TO JEWISH SENIOR LIFE, INC., A PARENT COMPANY AND 501(C)(3) ORGANIZATION, THAT PROVIDES A CONTINUUM OF LONG TERM CARE FOR THE JEWISH COMMUNITY THROUGH THE COORDINATION OF ITS AFFLIATES 993470 969280 DISTRIBUTION TO JEWISH HOME OF ROCHESTER, A 501 (C)(3) ORGANIZATION. JEWISH HOME OF ROCHESTER, INC. PROVIDES TRANSITIONAL CARE FOR SHORT-STAY PATIENTS RECOVERING FROM HOSPITALIZATION; MEMORY CARE FOR RESIDENTS WITH MEMORY LOSS; AND LONG-TERM CARE FOR RESIDENTS IN NEED OF 24-HOUR NURSING CARE. IN ADDITION, JEWISH HOME OF ROCHESTER, INC. ALSO PROVIDES A MEDICAL MODEL ADULT DAY CARE PROGRAM FIVE DAYS PER WEEK WHICH SERVES APPROXIMATELY 80 PEOPLE PER DAY. 31505 31505 DISTRIBUTION TO JEWISH SENIOR LIFE COMMUNITY SERVICES INC. A SUBSIDIARY OF JEWISH SENIOR LIFE, INC. AND A 501(C)(3) ORGANIZATION, THAT PROVIDES A DAY RETREAT FOR THOSE WITH EARLY-TO-MILD STAGE ALZHEIMER'S DISEASE. 1507167 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X CARLY ZECHER 5854277760 2021 WINTON ROAD SOUTH ROCHESTER NY 14618 JULIAN GOLDSTEIN BOARD PRESIDENT TO 5/23/BOARD MEMBER AT 6/23 0.30 X X 0 0 0 LAURENCE KESSLER BOARD MEMBER 0.30 X 0 0 0 FRAIDA LEVINSON BOARD MEMBER 0.30 X 0 0 0 JOY PLOTNIK VP & TREAS TO 5/23/CHAIR AT 6/23 0.30 X X 0 0 0 RACHEL ROSEN BOARD MEMBER 0.30 X 0 0 0 DAVID ROSS BOARD SECRETARY 0.30 X X 0 0 0 FRAN STUDLEY BOARD MEMBER 0.30 X 0 0 0 MARGOT WEINBERG BOARD MEMBER 0.30 X 0 0 0 LISA AXELROD BOARD MEMBER 0.30 X 0 0 0 ROBERT BAKER BOARD TREASURER AT 6/23 0.30 X X 0 0 0 DEBORAH GOLDMAN BOARD MEMBER 0.30 X 0 0 0 RICK GOLDSTEIN BOARD MEMBER 0.30 X 0 0 0 SUSAN HALPERN BOARD MEMBER 0.30 X 0 0 0 MITCHELL S NUSBAUM BOARD MEMBER 0.30 X 0 0 0 AL KINEL BOARD MEMBER (FROM JUNE 2023) 30.00 X 0 0 0 DEBORAH MCILVEEN SENIOR VP & CFO UNTIL 6/23 4.00 X 570071 0 960 THOMAS MCDADE CLAY EXECUTIVE DIRECTOR 40.00 X 150299 0 11379 CARLY ZECHER SENIOR VP & CFO FROM 5/23 40.00 X 191202 0 839 911572 0 13178 1 0 1 1 0 2518433 61542 2518433 1176478 1176478 11460326 11284510 175816 175816 175816 3870727 0 0 1352294 1482977 1482977 184778 64539 120239 176206 18650 31282 126274 104395 5540 32047 66808 7343 7343 15800 15800 178883 178883 5386 5386 6717 674 6043 20004 20004 3988 3988 130 130 5020 5020 PURCHASED SERVICES 283193 258605 24588 FOOD AND ENTERTAINMENT 40994 40994 STATIONARY AND PRINTING 8440 8440 SUPPLIES 1279 1279 594 594 2526127 1507167 621586 397374 324292 602760 723859 41645 1113713 1553081 1265 46081480 52741181 786922 1500000 3090112 3355015 52120378 59794947 81011 95301 131000 26000 7094940 7240159 7306951 7361460 X 43867682 49630024 945745 2803463 44813427 52433487 52120378 59794947 1344600 6275460 0 X X 0 1 X 1 0 X 2260652 3302682 1345213 1127372 2518433 10554352 2260652 3302682 1345213 1127372 2518433 10554352 2893351 7661001 709025 405622 569850 888554 1176478 3749529 14303881 0.53560 0.53400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108983 25000 16741 210 150514 284074 -15508 159583 108983 360109 12000 23369 111404 284074 359665 644 200 360109 328307 30000 4352 2994 359665 1.00000 1 0 0 BENEFICIAL INTEREST IN PERPETUAL TRUST 3055015 LOAN RECEIVABLE - RELATED PARTY 300000 3355015 DUE TO JEWISH HOME OF ROCHESTER 763886 CONTRIBUTIONS HELD ON BEHALF OF JEWISH HOME OF ROCHESTER, INC. 6041118 CONTRIBUTIONS HELD ON BEHALF OF JEWISH HOME OF ROCHESTER ENRICHED HOUSING 125360 CONTRIBUTIONS HELD ON BEHALF OF JEWISH SENIOR LIFE COMMUNITY SERVICES, INC 8969 DUE TO JEWISH HOME OF ROCHESTER SENIOR HOUSING, INC. 5967 DUE TO JEWISH SENIOR LIFE COMMUNITY SERVICES 6891 DUE TO JEWISH SENIOR LIFE 262003 CONTRIBUTIONS HELD ON BEHALF OF JEWISH HOME SENIOR HOUSING, INC. 25965 7240159 X 10146187 6275460 6275460 3870727 0 3870727 2526127 0 2526127 0 2526127 PART V, LINE 4: $5,000 IS THE MANSON BURIAL FUND ESTABLISHED TO PROVIDE PERPETUAL CARE FOR MR. MANSON'S FAMILY PLOTS. $12,000 WAS ESTABLISHED IN 2021 TO FUND THE APPLEBAUM FAMILY'S ANNUAL GOLDEN ALLIANCE CONTRIBUTION. $25,000 WAS ESTABLISHED IN 2023 TO FUND THE RECREATION THERAPY PROGRAM AT JEWISH HOME. DONORS HAVE ESTABLISHED AND FUNDED PERPETUAL TRUSTS WHICH ARE ADMINISTERED BY THIRD PARTIES WHEREBY THE FOUNDATION HAS AN IRREVOCABLE RIGHT TO RECEIVE A PORTION OF THE INCOME EARNED ON THE TRUST ASSETS, IN PERPETUITY, BUT WILL NEVER RECIEVE THE ASSETS HELD IN TRUST. THE FOUNDATION GRANTS THE INCOME TO THE JEWISH HOME OF ROCHESTER WHICH USES IT TO PROVIDE FOR THE COMFORT, MEDICAL TREATMENT, ENTERTAINMENT, AND OTHER SPECIAL SERVICES WHICH WOULD NOT OTHERWISE BE PROVIDED TO THE RESIDENTS OF THE HOME. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PRIVATE FOUNDATION. THE FOUNDATION HAS CONSIDERED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS. THE FOUNDATION BELIEVES ITS INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATION'S FINANCIAL CONDITION. NORTH AMERICA 0 0 INVESTMENT GLOBAL 0 0 INVESTMENT 1500000 0 0 0 0 0 0 1500000 0 1500000 0 0 1 1 1 0 PART 1, LINE 3, COLUMN F THESE AMOUNTS REPRESENT 12/31/2023 INVESTMENT BALANCE AT FAIR VALUE 1 JEWISH SENIOR LIFE 2021 WINTON ROAD SOUTH ROCHESTER NY 14618 223409164 501(C)(3) 482192 0 GENERAL SUPPORT JEWISH HOME OF ROCHESTER 2021 WINTON ROAD SOUTH ROCHESTER NY 14618 160743058 501(C)(3) 969280 0 RESIDENT ACTIVITIES, FACILITY UPGRADE JEWISH SENIOR LIFE COMMUNITY SERVICES 2021 WINTON ROAD SOUTH ROCHESTER NY 14618 352404430 501(C)(3) 31505 0 RESIDENT ACTIVITIES 3 PART I, LINE 2: ALL GRANTS AND ASSISTANCE ARE STRUCTURED AS PART OF THE BUDGET PROCESS AND APPROVED BY THE FOUNDATION BOARD OF DIRECTORS. MONTHLY MONITORING OF THIS PROCESS TAKES PLACE AS PART OF THE MONTHLY FINANCIAL REVIEW AND APPROPRIATE RECONCILIATION AND REVIEW IS COMPLETED BETWEEN INTERCOMPANY TRANSACTIONS. X X X 0 0 0 0 0 0 0 0 0 DEBORAH MCILVEEN SENIOR VP & CFO UNTIL 6/23 125435 0 46076 0 398560 0 0 0 960 0 571031 0 398560 0 CARLY ZECHER SENIOR VP & CFO FROM 5/23 183774 0 7428 0 0 0 0 0 839 0 192041 0 0 0 THOMAS MCDADE CLAY EXECUTIVE DIRECTOR 127534 0 22765 0 0 0 0 0 11379 0 161678 0 0 0 PART VII, LINE 5 DEBORAH MCILVEEN, CFO (UNTIL MAY 2023) , RECEIVED $546,709 OF COMPENSATION FROM THE JEWISH HOME OF ROCHESTER AND RELATED ENTITIES, ALL UNRELATED ENTITIES TO THE FOUNDATION. IN ADDITION, $23,362 OF HER COMPENSATION IS ALLOCATED TO THE JEWISH SENIOR LIFE FOUNDATION, INC. CARLY ZECHER, CFO (FROM MAY 2023) , RECEIVED $180,085 OF COMPENSATION FROM THE JEWISH HOME OF ROCHESTER AND RELATED ENTITIES, ALL UNRELATED ENTITIES TO THE FOUNDATION. IN ADDITION, $11,117 OF HER COMPENSATION IS ALLOCATED TO THE JEWISH SENIOR LIFE FOUNDATION, INC. X 5 61542 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE FOUNDATION'S FINANCE DEPARTMENT. IT IS REVIEWED IN DETAIL BY AN INDEPENDENT OUTSIDE ACCOUNTANT AND BY THE AUDIT COMMITTEE PRIOR TO SUBMISSION. A COPY OF THE 990 IS AVAILABLE TO ALL BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, AND KEY EMPLOYEE, ANNUALLY SIGNS THE CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES AND DISCLOSURE OF THE FINANCIAL INTEREST IS MADE, THE INTERESTED PERSONS WILL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS WILL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF APPROPRIATE, THE CHAIRPERSON OF THE BOARD OR COMMITTEE WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD WILL THEN DETERMINE, WITH THE ORGANIZATION, IF THEY CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO CONFLICT OF INTEREST. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE BOARD DETERMINES THAT THE PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ITS BOARD MEMBERS. THE NON-BOARD OFFICERS ARE PAID THROUGH THE JEWISH HOME OF ROCHESTER, INC. (JHR), A NON-RELATED ENTITY. JHR IS REPRESENTED UNDER JSL, THE PARENT COMPANY, WHICH HAS FORMED A COMPENSATION COMMITTEE COMPRISED OF THE BOARD CHAIR, TREASURER, SECRETARY, AND AT LEAST TWO OTHER AT LARGE BOARD MEMBERS TO REVIEW AND DETERMINE THE ANNUAL COMPENSATION PACKAGES FOR THE SENIOR MANAGMENT TEAM. ON A REGULAR BASIS, THE COMPENSATION COMMITTEE OBTAINS FROM A THIRD PARTY CONSULTANT, A COMPENSATION SURVEY THAT DETERMINES THE MARKET RATES FOR EACH OF THE POSITIONS AND THEN DETERMINES WHAT, IF ANY, ADJUSTMENTS SHOULD BE MADE TO SALARIES. THIS SAME COMPENSATION COMMITTEE, ON AN ANNUAL BASIS DETERMINES WHAT THE VARIABLE COMPENSATION GOALS SHOULD BE AND WHETHER OR NOT THEY HAVE BEEN MET. THE LAST MEETING TOOK PLACE ON NOVEMBER 13, 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAY PROVIDE, UPON REQUEST, ITS CONFLICT OF INTEREST POLICY AS WELL AS ANY APPROPRIATE GOVERNING DOCUMENTS, OR APPROPRIATE FINANCIAL STATEMENTS. FORM 990, PART XII, LINE #2C AN AUDIT COMMITTEE APPOINTED BY THE FOUNDATION BOARD HAS BEEN CREATED TO SELECT AN INDEPENDENT AUDIT FIRM TO OVERSEE THE ANNUAL AUDIT AND TO ACCEPT OR AMEND THE AUDIT REPORT AS PRESENTED. THE AUDIT COMMITTEE MEETS INDEPENDENTLY WITH THE INDEPENDENT AUDIT FIRM ON AN ANNUAL BASIS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.