FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA

EIN: 233087655 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$17,292,371
Total Expenses
$18,551,958
Total Assets
$8,514,550
Net Assets
$8,130,024
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Organization Details

Formation Year
2001
Legal Domicile
PA
Principal Officer
ELLIOT HOLTZ
Phone
2158320807
Tax Period
2024-09-01 to 2025-08-31

FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $17.3M in total revenue in fiscal year 2024.

Mission

THE FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (THE FOUNDATION) IS COMMITTED TO ASSISTING FAMILIES PRIMARILY IN THE GREATER PHILADELPHIA AREA OBTAIN A JEWISH DAY SCHOOL AND/OR PRE-SCHOOL EDUCATION FOR THEIR CHILDREN. THE FOUNDATION RECOGNIZES THAT A JEWISH EDUCATION AT A DAY SCHOOL AND/OR PRE-SCHOOL IS AN ESSENTIAL WAY OF PROMOTING AND STRENGTHENING JEWISH IDENTITY WITH JEWISH CHILDREN, AND SECURING THE FUTURE OF THE JEWISH COMMUNITY. THE FOUNDATION - IN COLLABORATION WITH THE JEWISH FEDERATION OF GREATER PHILADELPHIA, LOCAL JEWISH DAY SCHOOLS AND PRE-SCHOOLS - SHALL PROVIDE SCHOLARSHIP AWARDS TO ELIGIBLE STUDENTS AT JEWISH DAY SCHOOLS AND PRE-SCHOOLS IN THE GREATER PHILADELPHIA AREA. THE FOUNDATION FOLLOWS THE MANDATED REGULATIONS AND IS AN APPROVED ORGANIZATION BY THE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT'S EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM AND OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) PROGRAM. THE FOUNDATION, IN ACCORDANCE WITH BEING AN APPROVED EDUCATION IMPROVEMENT ORGANIZATION (EIO), PROVIDES BUDGET SUPPORT FOR ENHANCED INNOVATIVE EDUCATIONAL PROGRAMS TO, OR IN CONJUNCTION WITH, PROGRAMS PROVIDED TO PUBLIC SCHOOL STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $15,212,675

THE FOUNDATION AWARDED $15,212,675 IN NEEDS-BASED SCHOLARSHIPS TO 1,037 DAY SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO QUALIFIED FOR THE EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC)...

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THE FOUNDATION AWARDED $15,212,675 IN NEEDS-BASED SCHOLARSHIPS TO 1,037 DAY SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO QUALIFIED FOR THE EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.CERTAIN AMOUNTS OF CONTRIBUTIONS, WITHIN ALLOWABLE LIMITS OF PROGRAM GUIDELINES, WERE SET ASIDE TO CREATE "RESERVE FUNDS" TO CREATE A SUPPLEMENTAL SOURCE FOR NEED-BASED SCHOLARSHIPS BASED ON CERTAIN TRIGGERING EVENTS, AS DEFINED: 1. A LEGISLATIVE OR GOVERNMENTAL CHANGE CREATES A NEGATIVE IMPACT ON THE PROGRAM2. UNFORESEEN CIRCUMSTANCES WHICH NEGATIVELY IMPACT THE ECONOMY, SCHOOL TUITION COLLECTIONS, ETC.3. THE RESERVE FUNDS CALCULATION HAD BEEN REDUCED TO 3% LAST YEAR ONCE THE STATE INCREASED ITS REQUIRED SPEND RATE OF CONTRIBUTIONS FROM A MINIMUM OF 80% TO 90%. IN ADDITION, PREVIOUSLY SCHOOLS HAD BEEN REQUIRED TO SHARE USE OF THEIR RESERVE FUNDS AS SCHOLARSHIP FOR STUDENTS AND SCHOOLS COULD ONLY USE THESE FUNDS ONCE THEY HAD REACHED A SPECIFIC THRESHOLD. BEGINNING THIS YEAR, ONCE SCHOOLS RECEIVED THEIR RESERVE FUNDS, SHORTLY AFTER THE BEGINNING OF THE FISCAL YEAR, THE THRESHOLD FOR USAGE WAS REMOVED WITH NO FURTHER OVERSIGHT FROM THE FOUNDATION. SCHOOLS WERE RECOMMENDED, HOWEVER, TO SAVE THESE FUNDS AND ONLY USE THEM FOR EMERGENCY SCHOLARSHIP NEEDS.

Program 2
Expenses: $682,895

THE FOUNDATION AWARDED $682,895 IN NEEDS-BASED SCHOLARSHIPS TO 142 PRE-SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO ATTEND PRE-SCHOOLS THAT FOSTER JEWISH IDENTITY IN THE GREATER...

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THE FOUNDATION AWARDED $682,895 IN NEEDS-BASED SCHOLARSHIPS TO 142 PRE-SCHOOL STUDENTS FROM LOW- AND MODERATE-INCOME HOUSEHOLDS WHO ATTEND PRE-SCHOOLS THAT FOSTER JEWISH IDENTITY IN THE GREATER PHILADELPHIA AREA AND WHO QUALIFY FOR THE PRE-K EDUCATIONAL IMPROVEMENT TAX CREDIT PROGRAM OF THE COMMONWEALTH OF PENNSYLVANIA.

Program 3
Expenses: $1,262,411

THE FOUNDATION AWARDED $1,262,411 IN NEEDS-BASED SCHOLARSHIPS TO 174 DAY SCHOOL STUDENTS WHO LIVE WITHIN THE CATCHMENT AREA OF ONE OF THE 15% POOREST PERFORMING SCHOOLS IN THE COMMONWEALTH OF...

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THE FOUNDATION AWARDED $1,262,411 IN NEEDS-BASED SCHOLARSHIPS TO 174 DAY SCHOOL STUDENTS WHO LIVE WITHIN THE CATCHMENT AREA OF ONE OF THE 15% POOREST PERFORMING SCHOOLS IN THE COMMONWEALTH OF PENNSYLVANIA AS ALLOWED UNDER THE OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) PROGRAM.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,610,126
Program Service Revenue $0
Investment Income $682,245
Other Revenue $0
TOTAL REVENUE $17,292,371

Expense Breakdown

Grants Paid $17,560,823
Salaries & Benefits $0
Fundraising Expenses $494,210
Program Expenses $17,560,823
Other Expenses $991,135
TOTAL EXPENSES $18,551,958

Year-over-Year Comparison

2024 2023 Change
Revenue $17,292,371 $16,541,227 +0.0%
Expenses $18,551,958 $18,651,850 0.0%
Net Income $-1,259,587 $-2,110,623 -0.4%
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
14
Independent Members
13
Employees
N/A
Volunteers
14

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
$169,588
Total Directors
14
$169,588
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIOT HOLTZ CHAIRMAN 8.00
Officer Director
$0 $0 $0
SCOTT BARSKY MEMBER 1.00
Director
$0 $0 $0
JOE GLASSMAN MEMBER 1.00
Director
$0 $0 $0
AMIR GOLDMAN MEMBER 1.00
Director
$0 $0 $0
JENNIFER MOLISH BRIER MEMBER 1.00
Officer Director
$0 $3,806 $169,588
YONINA BENDHEIM JACOBSON MEMBER 1.00
Director
$0 $0 $0
YEDIDYA KAGANOFF MEMBER 1.00
Director
$0 $0 $0
DAVID KAPLAN MEMBER 1.00
Director
$0 $0 $0
ROBERT LIPSTEIN MEMBER 1.00
Director
$0 $0 $0
ADAM POUTASSE MEMBER 1.00
Director
$0 $0 $0
DAVID RENTZ MEMBER 1.00
Director
$0 $0 $0
JEFF RETIG MEMBER 1.00
Director
$0 $0 $0
SHLOMO TROODLER MEMBER 1.00
Director
$0 $0 $0
MICHAEL WILNER MEMBER 1.00
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 $17,292,371 $18,551,958 $8,514,550 $-1,259,587
2024 $16,541,227 $18,651,850 $9,316,235 $-2,110,623
2023 $16,684,787 $13,843,727 $11,640,572 $2,841,060
2022 $16,729,528 $13,879,948 $8,630,485 $2,849,580
2021 $11,978,701 $11,649,661 $5,671,351 $329,040
2020 $11,503,174 $11,917,138 $4,950,607 $-413,964
2019 $10,853,654 $13,048,690 $5,364,271 $-2,195,036
2018 $13,643,207 $9,488,096 $7,559,207 $4,155,111
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