DAUGHTERS OF SARAH JEWISH FOUNDATION INC

EIN: 141344803 501(c)(3)

Albany, NY

Total Revenue
$1,114,299
Total Expenses
$717,172
Total Assets
$15,784,099
Net Assets
$12,524,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
NY
Principal Officer
Courtney Mulson
Phone
5184567831
Tax Period
2024-01-01 to 2024-12-31

DAUGHTERS OF SARAH JEWISH FOUNDATION INC, founded in 1941, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $397K, a strong 36% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO RAISE, DEVELOP, AND MANAGE RESOURCES, AND TO COMMUNICATE TO AND WITH THE PUBLIC REGARDING THE DAUGHTERS OF SARAH COMMUNITY FOR SENIORS' COMMUNITY PROGRAMS AND INITIATIVES. THIS IS ACCOMPLISHED BY CONDUCTING FUNDRAISING AND KNOWLEDGE AWARENESS PROGRAMS, AND BY ISSUING GRANTS TO THE DAUGHTERS OF SARAH NURSING CENTER, INC. AND THE DAUGHTERS OF SARAH HOUSING COMPANY, INC., D/B/A THE MASSRY RESIDENCE AT DAUGHTERS OF SARAH.

Program Service Accomplishments

Program 1
Expenses: $171,732 Revenue: $1,114,299

THE ORGANIZATION'S GOAL - TO SUPPORT, ENRICH AND ENHANCE PROGRAMS AND SERVICES FOR THE WELL AND INFIRM ELDERLY - IS ACCOMPLISHED BY ISSUING GRANTS TO THE DAUGHTERS OF SARAH NURSING & REHABILITATION...

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THE ORGANIZATION'S GOAL - TO SUPPORT, ENRICH AND ENHANCE PROGRAMS AND SERVICES FOR THE WELL AND INFIRM ELDERLY - IS ACCOMPLISHED BY ISSUING GRANTS TO THE DAUGHTERS OF SARAH NURSING & REHABILITATION CENTER. GRANTS TO THE NURSING CENTER PROVIDE FOR DIRECT NURSING AND PERSONAL CARE TO INFIRM NURSING HOME RESIDENTS. IT IS ESTIMATED THAT 54% OF THE RESIDENTS ARE INDIGENT, WITH THE COST OF THEIR CARE BEING PAID FOR BY MEDICAID (WHICH DOES NOT PROVIDE REIMBURSEMENT TO COVER THE ACTUAL COST OF RESIDENT CARE). THIS GRANT ALSO HELPS UNDERWRITE THE COSTS OF PROVIDING KOSHER FOOD IN KEEPING WITH JEWISH DIETARY LAWS; IN PROVIDING A RABBI FOR PASTORAL COUNSELING, JEWISH PROGRAMMING, AND FOR JEWISH HOLIDAY WORSHIP SERVICES; AND FOR PROVIDING ENTERTAINMENT AND ACTIVITIES PROGRAMMING. IN ADDITION, THE ORGANIZATION CONDUCTS AN ANNUAL FUND-RAISING CAMPAIGN (THE "ANNUAL FUND") THROUGHOUT THE YEAR, AS WELL AS A SERIES OF LOW KEY, TARGETED FUNDRAISING EFFORTS SURROUNDING THE OCCURRENCE OF CERTAIN JEWISH HOLIDAYS. IT HOSTS AN ANNUAL SIGNATURE FUNDRAISING SOCIAL EVENT FOR THE PUBLIC AT A LOCAL MUSEUM, GENERALLY IN NOVEMBER, FOR WHICH IT SOLICITS CORPORATE AND INDIVIDUAL SPONSORSHIPS. THE ORGANIZATION ALSO HOSTS AN ANNUAL SOCIAL EVENT DURING THE SUMMER TO CELEBRATE ITS LEADERSHIP DONORS. THE ORGANIZATION FURTHER COORDINATES THE OPERATION OF "SARAH'S CORNER", A GIFT SHOP FOR THE ENJOYMENT OF THE RESIDENTS, GUESTS AND STAFF OF DAUGHTERS OF SARAH COMMUNITY FOR SENIORS, WHICH SHOP IS LOCATED IN THE DAUGHTERS OF SARAH NURSING & REHABILITATION CENTER. THE RESULT OF THESE ACTIVITIES IS TO IMPROVE THE LIVES OF THE COMMUNITY'S RESIDENTS, TO ELEVATE THE COMMUNAL AWARENESS OF THE DAUGHTERS OF SARAH COMMUNITY FOR SENIORS, TO EDUCATE THE COMMUNITY AS TO THE PROGRAMS AND SERVICES PROVIDED TO THE SENIORS WE SERVE, TO CREATE AND STRENGTHEN A SUPPORT BASE OF INDIVIDUALS WHO WILL DONATE TO, AND PUBLICLY ADVOCATE FOR, THE COMMUNITY FOR SENIORS, AND TO RAISE FUNDS TO SUPPORT THE ORGANIZATION'S OPERATIONS AND MISSION.

Program 2
Expenses: $0 Revenue: $0

THE ORGANIZATION'S GOAL - TO SUPPORT, ENRICH AND ENHANCE PROGRAMS AND SERVICES FOR THE WELL AND INFIRM ELDERLY - IS ACCOMPLISHED BY ISSUING GRANTS TO THE DAUGHTERS OF SARAH HOUSING COMPANY TO PROVIDE...

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THE ORGANIZATION'S GOAL - TO SUPPORT, ENRICH AND ENHANCE PROGRAMS AND SERVICES FOR THE WELL AND INFIRM ELDERLY - IS ACCOMPLISHED BY ISSUING GRANTS TO THE DAUGHTERS OF SARAH HOUSING COMPANY TO PROVIDE HOUSING SCHOLARSHIPS THAT SUBVENT THE COST OF RESIDENCY AT THE DAUGHTERS OF SARAH HOUSING COMPANY'S ASSISTED LIVING RESIDENCE. THIS GRANT ENABLES NEEDY INDIVIDUALS, UNABLE TO PAY THE FULL COST OF CARE, TO RECEIVE THE LEVEL OF PERSONAL CARE ASSISTANCE THEY NEED TO CARRY OUT THEIR REGULAR ACTIVITIES OF DAILY LIVING AND TO REMAIN IN A LEAST RESTRICTIVE ENVIRONMENT FOR THEIR PERSONAL CARE NEEDS, WHERE THEY CAN RECEIVE KOSHER MEALS IN ACCORDANCE WITH JEWISH DIETARY LAWS AND PROGRAMMING, ENTERTAINMENT AND ACTIVITIES IN KEEPING WITH THEIR COGNITIVE SKILL LEVEL AND BASED ON JEWISH TRADITIONS. GRANTS HAVE ALSO ESTABLISHED A LIFELONG EDUCATIONAL LEARNING PROGRAM, BRINGING RABBIS AND COLLEGE PROFESSORS TO PRESENT COURSES ON JEWISH CULTURAL, RELIGIOUS, HISTORICAL AND POLITICAL TOPICS.

Program 3
Expenses: $302,000 Revenue: $0

THE ORGANIZATION HAS PROVIDED FUNDING TO SUPPORT THE ENHANCEMENT OF RESIDENT FOCUSED SERVICES AT THE DAUGHTERS OF SARAH NURSING & REHABILITATION CENTER, SUCH AS: (A) GRANTS FOR A TUITION...

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THE ORGANIZATION HAS PROVIDED FUNDING TO SUPPORT THE ENHANCEMENT OF RESIDENT FOCUSED SERVICES AT THE DAUGHTERS OF SARAH NURSING & REHABILITATION CENTER, SUCH AS: (A) GRANTS FOR A TUITION REIMBURSEMENT PROGRAM TO REIMBURSE TUITION COSTS EXPENDED BY STAFF SEEKING TO IMPROVE THEIR SKILLS AND KNOWLEDGE FOR THE BETTERMENT OF RESIDENT CARE BY PROCURING ADDITIONAL PROFESSIONAL DEGREES (LPN, RN, MSW, ETC); (B) FUNDING TO ENHANCE FACILITY-WIDE ACTIVITIES, AND TO PROVIDE LIFE-LONG EDUCATIONAL LEARNING PROGRAMS FOR RESIDENTS; (C) FUNDING FOR A PROGRAM TO HELP ALLEVIATE STAFFING SHORTAGES BY HIRING POTENTIAL NURSING AIDE TRAINEES, PROVIDING THESE ECONOMICALLY DISADVANTAGED PERSONS LACKING HEALTHCARE SKILLS WITH GAINFUL EMPLOYMENT AND ON-SITE TRAINING TO QUALIFY FOR NURSING AIDE CERTIFICATION AT NO COST TO THE EMPLOYEE, ALONG WITH CONTINUED EMPLOYMENT ONCE CERTIFIED. THIS PROGRAM ENABLES THEM TO MEET THEIR DAILY LIVING EXPENSES WHILE STUDYING, IMPROVE THEIR MARKETABLE SKILLS, AND ENSURE THE PROSPECT OF CONTINUED EMPLOYMENT.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $316,673
Program Service Revenue $0
Investment Income $659,903
Other Revenue $137,723
TOTAL REVENUE $1,114,299

Expense Breakdown

Grants Paid $302,000
Salaries & Benefits $242,693
Fundraising Expenses $102,987
Program Expenses $473,732
Other Expenses $172,479
TOTAL EXPENSES $717,172

Year-over-Year Comparison

2024 2023 Change
Revenue $1,114,299 $619,156 +0.8%
Expenses $717,172 $715,952 +0.0%
Net Income $397,127 $-96,796 -5.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
50

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
6
$834,493
Total Directors
16
$0
Key Employees
3
$834,493
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK KOBLENZ CEO - see Schedule J Part III 16
Officer Key Emp
$0 $51,923 $464,904
COURTNEY MULSON CFO - see Schedule J Part III 2
Officer Key Emp
$0 $49,359 $369,589
JESSICA RICHER CHAIR 2
Officer Director
$0 $0 $0
GAIL KENDALL SECRETARY 2
Officer Director
$0 $0 $0
BRUCE FINKLE BOARD MEMBER 1
Director
$0 $0 $0
DIANE BURMAN BOARD MEMBER 1
Director
$0 $0 $0
ELAINE FREEDMAN BOARD MEMBER 1
Director
$0 $0 $0
DAVID GINSBURG BOARD MEMBER 1
Director
$0 $0 $0
SHERYL HOFFMAN BOARD MEMBER 1
Director
$0 $0 $0
AVIVA HALLENSTEIN BOARD MEMBER 1
Director
$0 $0 $0
ALAN KAPLAN BOARD MEMBER 1
Director
$0 $0 $0
ELISSA PECKAGE BOARD MEMBER 1
Director
$0 $0 $0
CHANA MCINTYRE BOARD MEMBER 1
Director
$0 $0 $0
WILLIAM PANITCH BOARD MEMBER 1
Director
$0 $0 $0
GAIL SOKOL BOARD MEMBER 1
Director
$0 $0 $0
DAVID STROMES BOARD MEMBER 1
Director
$0 $0 $0
BARBARA WACHS BOARD MEMBER 1
Director
$0 $0 $0
SHOHAM PIORENTINO BOARD MEMBER 1
Director
$0 $0 $0
MURRAY MASSRY VICE-CHAIR 2
Officer
$0 $0 $0
NEIL MANASSE TREASURER 2
Officer Key Emp
$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 $1,114,299 $717,172 $15,784,099 $397,127
2023 $619,156 $715,952 $14,452,969 $-96,796
2022 $1,314,517 $655,929 $13,027,499 $658,588
2021 $1,555,475 $541,082 $14,715,271 $1,014,393
2020 $1,364,561 $574,459 $13,151,448 $790,102
2019 $2,200,280 $609,832 $12,068,747 $1,590,448
2018 $838,959 $614,964 $10,673,543 $223,995
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