CAROLINE & JOSEPH S GRUSS LIFE MONUMENT FUNDS INC

EIN: 133573461 501(c)(3) Education

Brooklyn, NY

Total Revenue
$1,887,456
Total Expenses
$22,028,213
Total Assets
$6,238,298
Net Assets
$6,020,831
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
JASON CURY
Phone
2127571500
Tax Period
2023-01-01 to 2023-12-31

CAROLINE & JOSEPH S GRUSS LIFE MONUMENT FUNDS INC, founded in 1991, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $22.0M exceeded revenue, resulting in a 1067% operating deficit.

Mission

SUPPORT JEWISH EDUCATION

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $0
Investment Income $1,388,287
Other Revenue $498,669
TOTAL REVENUE $1,887,456

Expense Breakdown

Grants Paid $19,859,099
Salaries & Benefits $1,667,926
Fundraising Expenses $0
Program Expenses $20,503,088
Other Expenses $501,188
TOTAL EXPENSES $22,028,213

Year-over-Year Comparison

2023 2022 Change
Revenue $1,887,456 $1,062,332 +0.8%
Expenses $22,028,213 $8,633,535 +1.6%
Net Income $-20,140,757 $-7,571,203 +1.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
28
Volunteers
16

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
4
$752,173
Total Directors
16
$752,173
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON CURY PRESIDENT 28.00
Officer Director
$704,396 $47,777 $752,173
MARTIN GRUSS CHAIRMAN 0.65
Officer Director
$0 $0 $0
MATHEW MARYLES TREASURER 0.50
Officer Director
$0 $0 $0
LILLIAN EISMAN SECRETARY 0.50
Officer Director
$0 $0 $0
DR ALISA DOCTORFF BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC GOLDSTEIN BOARD MEMBER 0.50
Director
$0 $0 $0
DR EVELYN GRUSS LIPPER BOARD MEMBER 0.50
Director
$0 $0 $0
JOSHUA GRUSS BOARD MEMBER 0.50
Director
$0 $0 $0
BERNARD LATERMAN BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT SHAY BOARD MEMBER 0.50
Director
$0 $0 $0
DOROTHY TANANBAUM BOARD MEMBER 0.50
Director
$0 $0 $0
AMY BRESSMAN BOARD MEMBER 0.50
Director
$0 $0 $0
BILLIE GOLD BOARD MEMBER 0.50
Director
$0 $0 $0
SARENE SHANUS BOARD MEMBER 0.50
Director
$0 $0 $0
JEFFREY SCHOENFELD BOARD MEMBER 0.50
Director
$0 $0 $0
SARA NATHAN BOARD MEMBER 0.50
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
2024 No data No data No data No data
2023 $1,887,456 $22,028,213 $6,238,298 $-20,140,757
2022 $261,332 $8,662,798 $30,993,176 $-8,401,466
2022 $1,062,332 $8,633,535 $30,783,646 $-7,571,203
2021 $2,679,769 $10,793,722 $48,124,527 $-8,113,953
2020 $10,741,682 $9,151,220 $49,924,322 $1,590,462
2018 $7,258,965 $9,572,228 $54,424,394 $-2,313,263
2018 $7,164,425 $9,572,228 $54,424,394 $-2,407,803
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CAROLINE & JOSEPH S GRUSS LIFE MONUMENT FUNDS INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.