THE OJC FUND

EIN: 113618879 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$350,687,480
Total Expenses
$342,966,067
Total Assets
$53,969,063
Net Assets
$53,931,438
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
KALMEN EKSTEIN
Phone
7185991400
Tax Period
2022-07-01 to 2023-06-30

THE OJC FUND, founded in 2001, is a major nonprofit in the Education sector that reported $350.7M in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO MAINTAIN A DONOR ADVISED FUND BY HONORING OUR COMMITMENT TO FUNDHOLDERS BY PROVIDING SERVICES TO MAKE THEIR CHARITABLE GIVING ADMINISTRATIVELY EFFICIENT, AND PERSONALLY REWARDING.

Program Service Accomplishments

Program 1
Expenses: $338,935,575

OUR RESPONSIBILITY IS TO SERVE OUR FUNDHOLDERS WHO HAVE ENTRUSTED US WITH THEIR CHARITABLE DOLLARS. WE TAKE THIS RESPONSIBILITY VERY SERIOUSLY AND ARE DEDICATED TO TREATING OUR FUNDHOLDERS WITH THE...

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OUR RESPONSIBILITY IS TO SERVE OUR FUNDHOLDERS WHO HAVE ENTRUSTED US WITH THEIR CHARITABLE DOLLARS. WE TAKE THIS RESPONSIBILITY VERY SERIOUSLY AND ARE DEDICATED TO TREATING OUR FUNDHOLDERS WITH THE UTMOST INTEGRITY AND RESPECT. OUR DONORS HAVE THE OPPORTUNITY TO RECOMMEND HOW THEIR CHARITABLE CONTRIBUTIONS ARE ALLOCATED TO THE VARIOUS CHARITABLE ORGANIZATIONS. WE HONOR OUR COMMITMENT TO FUNDHOLDERS BY PROVIDING SERVICES THAT MAKE THEIR CHARITABLE GIVING ADMINISTRATIVELY EFFICIENT, ECONOMICALLY ADVANTAGEOUS, AND PERSONALLY REWARDING. THESE INCLUDE: SIMPLIFYING THE GRANTMAKING PROCESS SO THAT CONTRIBUTIONS FLOW QUICKLY AND EASILY INTO THE CHARITABLE STREAM, SAFEGUARDING CONFIDENTIALITY AND FACILITATING INTERGENERATIONAL PHILANTHROPY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $350,273,922
Program Service Revenue $0
Investment Income $413,558
Other Revenue $0
TOTAL REVENUE $350,687,480

Expense Breakdown

Grants Paid $338,935,575
Salaries & Benefits $1,918,442
Fundraising Expenses $906,988
Program Expenses $338,935,575
Other Expenses $2,112,050
TOTAL EXPENSES $342,966,067

Year-over-Year Comparison

2022 2021 Change
Revenue $350,687,480 $268,071,106 +0.3%
Expenses $342,966,067 $245,844,991 +0.4%
Net Income $7,721,413 $22,226,115 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
1
Employees
13
Volunteers
1

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$1,205,052
Total Directors
3
$1,205,052
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EFRAIM SOFER PRESIDENT & CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$735,527 $28,010 $763,537
KALMEN EKSTEIN TREASURER & CHIEF FINANCIAL OFFICER 40.00
Officer Director
$406,200 $35,315 $441,515
NATHAN SMAIA SECRETARY 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $350,687,480 $342,966,067 $53,969,063 $7,721,413
2022 $268,071,106 $245,844,991 $45,341,416 $22,226,115
2021 $136,800,085 $126,046,014 $23,560,613 $10,754,071
2020 $81,010,563 $78,247,931 $12,347,929 $2,762,632
2019 $65,149,094 $61,417,858 $9,549,307 $3,731,236
2018 $47,282,104 $45,130,021 $5,808,310 $2,152,083
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