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Nonprofit · EIN 82-2907705

JEM FOUNDATION INC

Tax-exempt · BROOKLYN, NY 11203

Financials

$1.2M$1.1M2023$2M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of JEM FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,000,150$1,832,496$167,654$1,934,527$348,658$1,585,869
December 31, 2023990$1,208,815$1,104,084$104,731$1,762,696$344,481$1,418,215
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,946,920
Program service revenue
$0
Investment income
$53,230
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,302,434
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$20,075
Program services (functional)
$1,302,434
Management and general (functional)
$74,207
Fundraising (functional)
$455,855

Balance sheet and other

Total assets, start of year
$1,762,696
Total assets, end of year
$1,934,527
Total liabilities, end of year
$348,658
Net assets, end of year
$1,585,869
Net assets without donor restrictions
$1,585,869
Gross receipts
$2,000,150
Employees
0
Volunteers
0
Year formed
2017
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RABBI DAVID KRINSKYDIRECTOR/CHAIRMAN
Trustee or director
2.5$0
RABBI ELKANAH SHMOTKINDIRECTOR/CEO
Trustee or director, Officer
15$0
RABBI SHLOMO BISTRITSKYDIRECTOR
Trustee or director
1.25$0
RABBI OVADIA GOLDMANDIRECTOR
Trustee or director
1.25$0
RABBI JOSEPH I ZAKLIKOVSKYDIRECTOR
Trustee or director
1.25$0
AHRON A GREENWALDDIRECTOR
Trustee or director
1.25$0
JOSHUA GOLDHIRSCHDIRECTOR
Trustee or director
1.25$0
SHIMSHON YEGERSECRETARY/TREASURER
Officer
20$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
RABBI DAVID KRINSKYDIRECTOR/CHAIRMAN
Trustee or director
2.5$0
RABBI ELKANAH SHMOTKINDIRECTOR/CEO
Trustee or director, Officer
15$0
RABBI SHLOMO BISTRITSKYDIRECTOR
Trustee or director
1.25$0
RABBI OVADIA GOLDMANDIRECTOR
Trustee or director
1.25$0
RABBI JOSEPH I ZAKLIKOVSKYDIRECTOR
Trustee or director
1.25$0
AHRON A GREENWALDDIRECTOR
Trustee or director
1.25$0
JOSHUA GOLDHIRSCHDIRECTOR
Trustee or director
1.25$0
SHIMSHON YEGERSECRETARY/TREASURER
Officer
20$0

Address and contacts

Address (IRS master file)
781 E NEW YORK AVE, BROOKLYN, NY 11203-1211
In care of
% RABBI ELKANAH SHMORKIN
Principal officer (990 for 2024)
RABBI ELKANAH SHMOTKIN, 781 EAST NEW YORK AVENUE, BROOKLYN, NY 11203
Signed the 990
RABBI ELKANAH SHMOTKIN, CEO
Phone
(718) 633-9100
Return prepared by
S ADELSBERG & CO

Mission

A) ASSIST JEM IN CARRYING OUT ITS PURPOSE OF SHARING THE REBBE'S LIFE, TEACHINGS AND INSPIRATION WITH THE WORLD, THROUGH RAISING FUNDS AND AWARENESS. B) SERVE AS AN INCUBATOR TO STRATEGIZE, PLAN, AND LAUNCH NEW EDUCATIONAL PROJECTS THROUGH STRATEGIC PLANNING, TESTING NEW PROJECTS AND TECHNOLOGIES TO BE LAUNCHED BY JEM.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE FINANCIAL SUPPORT TO JEM AND RAISE AWARENESS TO THE IMPORTANCE OF RESTORING, PRESERVING, CURATING AND SHARING THE PRICELESS RECORDINGS OF THE REBBE'S LIFETIME, AND FIRST-PERSON TESTIMONIES OF INTERACTIONS WITH THE REBBE.
    Expenses $1,302,434 · grants $1,302,434 · revenue $1,946,920

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-2907705
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III functionally integrated
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X11)
Assets (IRS master file)
$1,934,527
Income (IRS master file)
$2,000,150

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,000,150$1,832,496$1,934,527XML
990December 2023$1,208,815$1,104,084$1,762,696XML
990December 2022$1,480,273$1,614,830$1,661,416IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2907705).

Questions about JEM FOUNDATION INC

What is the EIN of JEM FOUNDATION INC?
The employer identification number (EIN) of JEM FOUNDATION INC is 82-2907705.
Is JEM FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to JEM FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does JEM FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of JEM FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JEM FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of JEM FOUNDATION INC?
The 990 for the year ended December 31, 2024 names RABBI ELKANAH SHMOTKIN.
Who are the officers and directors of JEM FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does JEM FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,000,150, expenses of $1,832,496 and total assets of $1,934,527 at year end.

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