2025-05-15T14:01:27-05:00 2024-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-07-01 924023451 JCF Investment Program LLC % HOWARD RABNER JCFI 9739293000 901 Route 10 Whippany NJ 07981 Howard Rabner CFO 9739293000 2025-05-15 true true Catherine Bendall P00521196 7328281614 2025-05-15 2023 2025-03-06 01:10:19Z Howard Rabner 901 Route 10 Whippany NJ 07981 140286447 false X www.jcfgmw.org X LLC 2023 NJ JCF Investment Program LLC was created to manage the investment pools operated for the benefit of Jewish Community Foundation of Greater MetroWest New Jersey, Inc. ("JCF") 5 5 0 5 -16889 0 0 0 0 0 0 14631875 0 0 0 14631875 0 0 0 0 0 0 0 0 0 0 677703 0 677703 0 13954172 0 487587311 0 187042242 0 300545069 X JCF is a community foundation whose mission is to service the charitable aims and interests of its donors in the Greater MetroWest NJ community and beyond. JCF also serves agencies, synagogues and other charitable organizations through a variety of means, including custodianship and investment of agency funds. JCF Investment Program LLC provides the management of the investment pools that support the charitable aims and interests of the whole community. false false 0 JCF Investment Program LLC is established to maintain the investment pools operated for the benefit of the Jewish Community Foundation of Greater MetroWest New Jersey, Inc. 0 true false false false false false false false true false false true false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true false false false NJ X HOWARD RABNER 9739293000 901 ROUTE 10 WHIPPANY NJ 079811156 Howard Rabner CFO/COO/ASSISTANT TREASURER 1.0 40.0 X 0 249335 37951 Kim Hirsh Executive Director 1.0 40.0 X 0 236405 18952 Michal Werner Associate Executive Director 1.0 40.0 X 0 168717 3688 Steve D Levy President 1.0 0.0 X X 0 0 0 Maxine B Murnick Vice President/President Elect 1.0 0.0 X X 0 0 0 Jonathan Liss Vice President 1.0 0.0 X X 0 0 0 Ariel Nelson Vice President 1.0 0.0 X X 0 0 0 Michael R Schechner Treasurer 1.0 0.0 X X 0 0 0 0 654457 60591 0 false true false 0 0 0 5645474 -16889 5662363 0 0 0 0 0 134640973 125654572 8986401 8986401 8986401 0 0 0 0 0 0 0 0 0 0 14631875 -16889 14648764 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 493611 493611 0 0 0 0 0 0 0 0 0 0 0 0 0 UNRELATED BUSINESS INCOME TAX 184092 184092 677703 0 677703 0 X 0 9441949 0 28998965 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 267854153 0 181292244 0 0 0 0 0 0 0 487587311 0 0 0 0 0 0 0 0 0 187042242 0 0 0 0 0 0 0 0 0 187042242 X 0 300545069 0 0 0 300545069 0 487587311 X 13954172 14539374 272051523 X false true X true X X X 1 JEWISH COMMUNITY FOUNDATION OF GREATER METROWEST NEW JERSEY 221714130 7 true 0 0 1 0 0 false false false false false false false false false false false false false false false false false false true ALTERNATIVE INVESTMENTS 797283 F PRIVATE EQUITY FUNDS 180494961 F 181292244 0 0 X 28677638 14539374 14539374 14138264 493611 493611 14631875 184092 184092 493611 493611 677703 FIN 48 (ASC 740) footnote The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code ("IRC"). Accordingly, no provision for federal or state income taxes has been recorded in the statement of activities and changes in net assets other than for unrelated business income tax, which is due based on pass-through taxable income received from investments in alternative investments, which amounted to $184,092 for the year ended June 30, 2024. Management has determined that there are no uncertain tax positions at the Organization at June 30, 2024. In addition, the Organization did not have any income tax related penalties or interest for the period reported in these financial statements. Custodial Arrangements Custodial arrangements represent funds provided to the JCF Investment Program, LLC by both related beneficiary agencies of JCF and unrelated, non-beneficiary agencies to be invested. All activity including the funds invested, distributions, and the net investment earnings are allocated to these funds and are recorded as a liability. These funds are invested in the various pools offered by the organization based on instructions received from the investors pursuant to written agreements. Certain investment pools allow the investors to withdraw funds with relatively short notice (on demand) while other investment pools place significant restrictions on an investor's ability to withdraw funds (over several years). false false false false false false Howard Rabner CFO/COO/ASSISTANT TREASURER 0 249335 0 0 0 0 0 0 0 37951 0 287286 Kim Hirsh Executive Director 0 236405 0 0 0 0 0 0 0 18952 0 255357 Michal Werner Associate Executive Director 0 168717 0 0 0 0 0 0 0 3688 0 172405 Schedule J, Part I, Line 3 Our organization follows the related organizations compensation policies, which include the compensation committee, compensation studies and approval by the board or compensation committee for all officers compensation. Schedule J, Part I, Line 4 The compensation review for employees is done on at least an annual basis and ensures that the 'total compensation" of senior management of the organization is reasonable. The actions taken by the committee enable the organization to receive the rebuttable presumption of reasonableness for the purposes of internal revenue code section 4958 with respect to the total compensation of certain members of the senior management team. The three factors which much be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation agreement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation agreement. 2. The authorized body obtained and relied upon "appropriate date as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination that the members of the board of trustees each are independent and are free from any conflicts of interest. The committee adequately documented the basis for its determination through the timely preparation of written minutes of the meetings during which the executive compensation and benefits were reviewed and subsequently approved. The actions outlined above with respect to the board and the establishment of the rebuttable presumption of reasonableness only applies to all senior management personnel. Form 990, Part VI, Section B, Line 11b THE JCF BUDGET COMMITTEE WILL REVIEW AND ANALYZE THE FORM 990. THE BUDGET COMMITTEE HAS THE AUTHORITY TO REVIEW AND APPROVE THE 990 PER A BOARD RESOLUTION. The organization provides a complete copy of the form 990 to all members of its governing body before filing the form. Form 990, Part VI, Section B, Line 12c JCF REQUIRES ALL BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST FORM annually. COMPLETED FORMS ARE REVIEWED BY THE CFO FOR POSSIBLE conflicts. The eXECUTIVE COMMITTEE IS MADE AWARE OF ANY CONFLICTS. IN the CASE OF CONFLICTS, THESE BOARD MEMBERS ARE ASKED TO RECUSE THEMSELVES FROM PARTICIPATING ON Matters THAT CREATE THE CONFLICT OF INTEREST. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 On July 1, 2023 a transfer of $277,536,046 was made from the Jewish Community Foundation of Greater MetroWest New Jersey, Inc. to the organization. There were additional transfers of ($5,484,523) made during the year, which have been netted against the original transfer resulting in a net adjustment to net assets of $272,051,523. Jewish Community Fdtn of Greater MetroWe 901 Route 10 WHIPPANY NJ 07981 221714130 501(C)(3) 7 NA false false false true false false false false false false false false false false true true false false false true