2026-06-16T12:52:35-05:00 2025-08-31 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2024-09-01 233087655 FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA FOUN 2158320807 2 COMMERCE SQ 2001 MARKET ST 2300 PHILADELPHIA PA 19103 ELLIOT HOLTZ CHAIRMAN 2158320807 2026-06-11 1 0 GINA RACHEL P01216293 2158818800 2024 2025-03-06 01:10:19Z ELLIOT HOLTZ 2 COMMERCE SQ 2001 MARKET ST 2300 PHILADELPHIA PA 19103 17292371 0 X WWW.JEWISHPHILLY.ORG/EITC X 2001 PA THE FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (THE FOUNDATION), CREATED BY THE JEWISH FEDERATION OF GREATER PHILADELPHIA IN PARTNERSHIP WITH THE REGIONAL JEWISH DAY SCHOOLS, IS AN IRS-RECOGNIZED 501(C)(3) NON-PROFIT ORGANIZATION, WHOSE MISSION IS TO PROVIDE NEEDS-BASED SCHOOL SCHOLARSHIPS, WITH AN EXPANDED OPPORTUNITY TO SUPPORT ENHANCED CURRICULUM CONTENT TO STATE-APPROVED PROGRAMS PROVIDED TO PUBLIC SCHOOL STUDENTS. 14 13 0 14 0 0 15689775 16610126 0 0 851452 682245 0 0 16541227 17292371 17514960 17560823 0 0 0 0 0 0 494210 1136890 991135 18651850 18551958 -2110623 -1259587 9316235 8514550 74169 384526 9242066 8130024 X SEE SCHEDULE O 0 0 15212675 15212675 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. 682895 682895 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. 1262411 1262411 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. 402842 402842 THE FOUNDATION AWARDED A COMBINED $402,842 FOR INNOVATIVE EDUCATIONAL PROGRAM GRANTS WITH PUBLIC SCHOOLS TO: YOUTH SYMPOSIUM ON THE HOLOCAUST/MORDECHAI ANIELEWICZ ARTS COMPETITION PHILADELPHIA HOLOCAUST REMEMBRANCE FOUNDATION INC THE WEITZMAN NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY JEWISH STUDENT UNION (NCSY) JEVS HUMAN SERVICES 402842 402842 17560823 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 1 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 PA X NICK DICARO CHIEF FINANCIAL OFFICER 2158320807 2 COMMERCE SQ 2001 MARKET ST 2300 PHILADELPHIA PA 19103 ELLIOT HOLTZ CHAIRMAN 8.00 X X 0 0 0 SCOTT BARSKY MEMBER 1.00 X 0 0 0 JOE GLASSMAN MEMBER 1.00 X 0 0 0 AMIR GOLDMAN MEMBER 1.00 1.00 X 0 0 0 JENNIFER MOLISH BRIER MEMBER 1.00 45.00 X X 0 165782 3806 YONINA BENDHEIM JACOBSON MEMBER 1.00 X 0 0 0 YEDIDYA KAGANOFF MEMBER 1.00 X 0 0 0 DAVID KAPLAN MEMBER 1.00 X 0 0 0 ROBERT LIPSTEIN MEMBER 1.00 X 0 0 0 ADAM POUTASSE MEMBER 1.00 X 0 0 0 DAVID RENTZ MEMBER 1.00 X 0 0 0 JEFF RETIG MEMBER 1.00 X 0 0 0 SHLOMO TROODLER MEMBER 1.00 X 0 0 0 MICHAEL WILNER MEMBER 1.00 X 0 0 0 0 165782 3806 0 0 0 0 0 16610126 6067 16610126 682245 682245 17292371 0 0 682245 17560823 17560823 496925 496925 494210 494210 18551958 17560823 496925 494210 9051661 8150356 200000 310300 64574 53894 9316235 8514550 74169 57577 315000 0 11949 74169 384526 X 9242066 8130024 9242066 8130024 9316235 8514550 X -1259587 147545 X X 0 1 X 1 0 X 11928012 16665063 15987071 15689775 16610126 76880047 11928012 16665063 15987071 15689775 16610126 76880047 25488577 51391470 50689 64465 697716 851452 682246 2346568 79226615 0.64870 0.63250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MANAGEMENT FEES DUE TO RELATED PARTY 11949 11949 X 17292371 0 17292371 0 17292371 18404413 0 18404413 147545 147545 18551958 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY, IF THE FOUNDATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF AUGUST 31, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF GENERAL AND ADMINISTRATIVE EXPENSES. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED AUGUST 31, 2025 OR 2024. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETURN OF UNUSED GRANT FUNDS NETTED AGAINST EXPENSE ON FINANCIAL STATEMENTS 147,545. 1 MORRIS AND ROSE CASKEY TORAH ACADEMY OF GREATER PHILADELPHIA 742 ARGYLE ROAD WYNNEWOOD PA 19096 231645684 501(C)(3) 3002233 0 EDUCATION - SCHOLARSHIPS KOHELET YESHIVA HIGH SCHOOL 223 N HIGHLAND AVE MERION STATION PA 19066 232915026 501(C)(3) 1698934 0 EDUCATION - SCHOLARSHIPS RAYMOND & RUTH PERELMAN JEWISH DAY SCHOOL 49 HAVERFORD ROAD WYNNEWOOD PA 19096 231496890 501(C)(3) 2349013 0 EDUCATION - SCHOLARSHIPS JACK M BARRACK HEBREW ACADEMY 272 S BRYN MAWR AVE BRYN MAWR PA 190102105 231352614 501(C)(3) 2441431 0 EDUCATION - SCHOLARSHIPS POLITZ HEBREW ACADEMY 9225 OLD BUSTLETON AVE PHILADELPHIA PA 19115 222436383 501(C)(3) 2003102 0 EDUCATION - SCHOLARSHIPS KOSLOFF TORAH ACADEMY 50 MONTGOMERY AVENUE BALA CYNWYD PA 19004 452611143 501(C)(3) 1412415 0 EDUCATION - SCHOLARSHIPS TALMUDICAL YESHIVA OF PHILADELPHIA 6063 DREXEL ROAD PHILADELPHIA PA 19131 231476335 501(C)(3) 419034 0 EDUCATION - SCHOLARSHIPS CHEDER CHABAD PHILADELPHIA 276 S BRYN MAWR AVENUE BRYN MAWR PA 19010 270854753 501(C)(3) 962087 0 EDUCATION - SCHOLARSHIPS THE MESIVTA HIGH SCHOOL OF GREATER PHILADELPHIA 314 LEVERING MILL ROAD BALA CYNWYD PA 19004 463823388 501(C)(3) 705873 0 EDUCATION - SCHOLARSHIPS ABRAMS HEBREW ACADEMY 31 WEST COLLEGE AVENUE YARDLEY PA 19067 216001415 501(C)(3) 842578 0 EDUCATION - SCHOLARSHIPS OROT 7601 OLD YORK ROAD MELROSE PARK PA 19027 200803538 501(C)(3) 406290 0 EDUCATION - SCHOLARSHIPS YESHIVA KETANA OF PHILADELPHIA 228 STONEWAY LANE MERION PA 19066 861303831 501(C)(3) 636664 0 EDUCATION - SCHOLARSHIPS GRATZ COLLEGE 7605 OLD YORK ROAD MELROSE PARK PA 19027 231352642 501(C)(3) 189160 0 INNOVATIVE EDUCATIONAL PROGRAMS FOR PUBLIC SCHOOLS CHABAD OF THE MAIN LINE INC 625 MONTGOMERY AVENUE MERION STATION PA 19066 200072887 501(C)(3) 37963 0 EDUCATION - SCHOLARSHIPS CONGREGATION BETH SOLOMON 198 TOMLINSON ROAD PHILADELPHIA PA 19116 232190280 501(C)(3) 57861 0 EDUCATION - SCHOLARSHIPS KAISERMAN JEWISH COMMUNITY CENTER 45 HAVERFORD ROAD WYNNEWOOD PA 19096 270841715 501(C)(3) 7365 0 EDUCATION - SCHOLARSHIPS TEMPLE ADATH ISRAEL OF THE MAIN LINE 250 N HIGHLAND AVENUE MERION STATION PA 19066 231431499 501(C)(3) 48000 0 EDUCATION - SCHOLARSHIPS BETH SHOLOM CONGREGATION 8231 OLD YORK ROAD ELKINS PARK PA 19027 231360837 501(C)(3) 8300 0 EDUCATION - SCHOLARSHIPS KESHER ISRAEL CONGREGATION 1000 POTTSTOWN PIKE WEST CHESTER PA 19380 231948656 501(C)(3) 20492 0 EDUCATION - SCHOLARSHIPS PHILADELPHIA HOLOCAUST REMEMBRANCE FOUNDATION INC 1617 JOHN F KENNEDY BLVD 20TH FL PHILADELPHIA PA 19103 201932196 501(C)(3) 162550 0 INNOVATIVE EDUCATIONAL PROGRAMS FOR PUBLIC SCHOOLS CENTER CITY CHABAD 527 LOMBARD STREET PHILADELPHIA PA 19147 222464029 501(C)(3) 13666 0 EDUCATION - SCHOLARSHIPS CONGREGATION ADATH JESHURUN 77630 OLD YORK ROAD ELKINS PARK PA 19027 231484192 501(C)(3) 9400 0 EDUCATION - SCHOLARSHIPS GAN CHABAD INC 7620 CASTOR AVENUE PHILADELPHIA PA 19152 450520270 501(C)(3) 1875 0 EDUCATION - SCHOLARSHIPS TEMPLE SINAI 1401 LIMEKILN PIKE DRESHER PA 19025 231413673 501(C)(3) 17296 0 EDUCATION - SCHOLARSHIPS TEMPLE BETH HILLEL - BETH EL 1001 REMINGTON ROAD WYNNEWOOD PA 19096 231599651 501(C)(3) 10434 0 EDUCATION - SCHOLARSHIPS OLD YORK ROAD TEMPLE-BETH AM 971 OLD YORK ROAD ABINGTON PA 19001 231583642 501(C)(3) 11280 0 EDUCATION - SCHOLARSHIPS CONGREGATION OR AMI IVY RIDGE 708 RIDGE PIKE LAFAYETTE HILL PA 19444 236050459 501(C)(3) 1372 0 EDUCATION - SCHOLARSHIPS UNION OF ORTHODOX JEWISH CONGREGATIONS OF AMERICA 11 BROADWAY 14 FL NEW YORK PA 10004 135623717 501(C)(3) 3760 0 INNOVATIVE EDUCATIONAL PROGRAMS FOR PUBLIC SCHOOLS TEMPLE JUDEA OF BUCKS COUNTY 38 ROGERS ROAD FURLONG PA 18925 232469232 501(C)(3) 5077 0 EDUCATION - SCHOLARSHIPS THE WEITZMAN NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY 101 SOUTH INDEPENDENCE MALL EAST PHILADELPHIA PA 191062517 237379280 501(C)(3) 41360 0 INNOVATIVE EDUCATIONAL PROGRAMS FOR PUBLIC SCHOOLS JEVS HUMAN SERVICES 1845 WALNUT STREET 7TH FLOOR PHILADELPHIA PA 191034707 231352118 501(C)(3) 6012 0 INNOVATIVE EDUCATIONAL PROGRAMS FOR PUBLIC SCHOOLS HAR ZION TEMPLE 1500 HAGYS FORD ROAD PENN VALLEY PA 19072 231365242 501(C)(3) 23500 0 EDUCATION - SCHOLARSHIPS TORAH ACADEMY OF BUCKS COUNTY 2456 BRISTOL ROAD BENSALEM PA 19020 233060765 501(C)(3) 4446 0 EDUCATION - SCHOLARSHIPS PART I, LINE 2: THE FOUNDATION EXISTS FOR THE PURPOSE OF ASSISTING STUDENTS ATTENDING, PRIMARILY, ELEVEN JEWISH DAY SCHOOLS WITH TUITION ASSISTANCE BY RAISING MONEY THROUGH THE COMMONWEALTH OF PENNSYLVANIA'S EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) AND OPPORTUNITY SCHOLARSHIP TAX CREDIT (OSTC) PROGRAMS AND AWARDING K-12 SCHOLARSHIPS TO ELIGIBLE STUDENTS. JEWISH DAY SCHOOLS: ABRAMS HEBREW ACADEMY CHEDER CHABAD PHILADELPHIA I.S.KOSLOFF TORAH ACADEMY HIGH SCHOOL FOR GIRLS JACK M. BARRACK HEBREW ACADEMY KOHELET YESHIVA HIGH SCHOOL MORRIS AND ROSE CASKEY TORAH ACADEMY OF GREATER PHILADELPHIA POLITZ HEBREW ACADEMY OF NORTHEAST PHILADELPHIA RAYMOND AND RUTH PERELMAN JEWISH DAY SCHOOL TALMUDICAL YESHIVA OF PHILADELPHIA THE MESIVTA HIGH SCHOOL OF GREATER PHILADELPHIA YESHIVA KETANA IN ADDITION, THE FOUNDATION DISTRIBUTES SCHOLARSHIP FUNDS THROUGH OROT, AN INITIATIVE THAT PROVIDES SPECIAL NEEDS SERVICES TO STUDENTS IN SEVERAL OF OUR DAY SCHOOLS ON OCCASION ELIGIBLE STUDENTS IN ATTENDANCE AT OTHER DAY SCHOOLS THROUGHOUT THE STATE MAY RECEIVE FUNDS THROUGH THE FOUNDATION. IN ADDITION, THE FOUNDATION PROVIDES DONOR DESIGNATED K-12 EITC/OSTC TAX CREDIT SCHOLARSHIPS TO ELIGIBLE STUDENTS ENROLLED IN KINDERGARTEN PROGRAMS AT JEWISH PRE-SCHOOLS SHOULD DONORS DESIGNATE THEIR FUNDS AS SUCH. THE FOUNDATION PROVIDES SIMILAR SCHOLARSHIPS THROUGH THE PRE-K EITC PROGRAM FOR ELIGIBLE STUDENTS ENROLLED IN OVER 30 LOCAL JEWISH PRE-SCHOOLS. RECIPIENT ELIGIBILITY: ALL FAMILIES RECEIVING THESE SCHOLARSHIPS MUST RESIDE IN PENNSYLVANIA AND MEET SPECIFIC HOUSEHOLD INCOME GUIDELINES AS DETERMINED BY THE COMMONWEALTH OF PENNSYLVANIA'S DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED). FOR EITC, THE AWARD MAXIMUM IS TUITION PLUS SPECIFIED FEES. OSTC HAS THE SAME HOUSEHOLD INCOME GUIDELINES, WITH TWO ADDITIONAL STIPULATIONS: STUDENTS MUST RESIDE WITHIN THE CATCHMENT AREA OF ONE OF THE 15% POOREST PERFORMING SCHOOLS WITHIN THE COMMONWEALTH OF PENNSYLVANIA; AND MAXIMUM SCHOLARSHIPS OF $8,500 FOR NON-SPECIAL EDUCATION STUDENTS AND $15,000 FOR SPECIAL EDUCATION STUDENTS. STUDENTS CAN RECEIVE A COMBINATION OF AWARDS FROM BOTH PROGRAMS, WITH THE TOTAL MAXIMUM OF TUITION PLUS FEES. ONCE THE CONTRIBUTIONS FROM DONORS ARE RECEIVED AT THE FOUNDATION, THE FOLLOWING OCCURS: I. FOR SCHOOLS/SCHOLARSHIPS AS A SCHOLARSHIP ORGANIZATION FOR EITC, PKSO AND OSTC: CONTRIBUTIONS RECEIVED FROM BUSINESSES ARE EITHER DONOR DESIGNATED TO A SCHOOL OR REMAIN UNDESIGNATED. DONOR DESIGNATED CONTRIBUTIONS GO TO QUALIFIED STUDENTS AT THE SPECIFIED JEWISH DAY SCHOOL OR PRE-SCHOOL. UNDESIGNATED CONTRIBUTIONS CAN GO TO THE NEEDIEST ELIGIBLE STUDENTS AMONG ALL THE SCHOOLS. STUDENTS AT THE JEWISH DAY AND PRE-SCHOOLS SEND APPLICATIONS TO A THIRD-PARTY SCHOLARSHIP REVIEW VENDOR. THE SCHOOLS ARE NOTIFIED OF THEIR FINAL FUNDS AVAILABLE, WHICH IS A COMBINATION OF FUNDS DESIGNATED BY DONORS AND UNDESIGNATED FUNDS. THE LATTER IS BASED ON A NEEDS-BASED FORMULA WHICH ALSO TAKES INTO ACCOUNT CONTRIBUTIONS RECEIVED BY EACH SCHOOL. THE SCHOOLS REVIEW THEIR FINAL LIST OF ELIGIBLE STUDENTS TO CONFIRM ENROLLMENT. THE SCHOOLS THEN ASSIGN AWARDS WITHIN ALLOWED PARAMETERS ESTABLISHED BY THE STATE AND THE FOUNDATION BOARD. ON BEHALF OF THE FOUNDATION, A LETTER IS SENT TO PARENTS NOTIFYING THEM OF THE AWARD/S THEIR CHILD/REN IS/ARE RECEIVING. THE SCHOOLS RECEIVE A CHECK WITH ACCOMPANYING DOCUMENTATION INDICATING THE SPECIFIC SCHOLARSHIP AWARDS AND STUDENT RECIPIENTS. THE SCHOLARSHIPS ARE APPLIED TO REDUCE TUITION FOR THE UPCOMING SCHOOL YEAR. THE FOUNDATION COMMUNICATES WITH THE SCHOOLS DURING THE SCHOOL YEAR AND ADDITIONAL FUNDS ARE DISTRIBUTED IF NEEDED AND AVAILABLE. IF A STUDENT WHO RECEIVES AN AWARD DOES NOT ATTEND OR LEAVES THE SCHOOL, THE REMAINDER OF THEIR SCHOLARSHIP IS EITHER REDISTRIBUTED TO OTHER QUALIFIED CANDIDATES, OR RETURNED TO THE FOUNDATION. THE FOUNDATION MUST USE A MINIMUM OF 80% OF DONOR CONTRIBUTIONS FOR SCHOLARSHIPS TO STUDENTS. THE REMAINING 20% CAN BE USED FOR OTHER PURPOSES, INCLUDING ADMINISTRATIVE COSTS OR DISTRIBUTION OF ADDITIONAL SCHOLARSHIP AWARDS. II. FOR "ENHANCED PROGRAMS" AS AN EDUCATION IMPROVEMENT ORGANIZATION: THESE FUNDS CAN BE USED TO SUPPORT ENHANCED CURRICULUM PROVIDED TO PUBLIC SCHOOL STUDENTS. THE FOUNDATION WAS ABLE TO PROVIDE FUNDS TO SUPPORT PROGRAMS PROVIDED BY: YOUTH SYMPOSIUM ON THE HOLOCAUST/MORDECHAI ANIELWEICZ CREATIVE ARTS COMPETITION JEVS HUMAN SERVICES PHILADELPHIA HOLOCAUST REMEMBRANCE FOUNDATION JEWISH STUDENT UNION (NCSY) WEITZMAN NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY FUNDS CAN BE DISTRIBUTED BASED ON A REIMBURSEMENT PROCESS TO EACH ORGANIZATION: THEY PROVIDE THEIR PAID INVOICES, AND EXPENSES WERE REIMBURSED BY THE FOUNDATION. OR, THE FOUNDATION CAN PAY THE INVOICE DIRECTLY TO THE VENDOR. 0 0 0 0 0 0 0 0 0 JENNIFER MOLISH BRIER MEMBER 0 158636 0 5300 0 1846 0 3806 0 0 0 169588 0 0 PENNSYLVANIA EDUCATION PARTNERSHIP LLC ENTITY OWNED GREATER THAN 35% BY_________ 374211 FEE PAID TO ENTITY CREATED TO FACILITATE FUNDS RECEIVED THROUGH THE PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT'S EDUCATION IMPROVEMENT TAX CREDIT (EITC) PROGRAM WHICH THEY DIRECT TO THE FOUNDATION FOR JEWISH DAY SCHOOLS. THE PAYMENTS MADE TO PEP LLC ARE FOR THE COSTS INCURRED TO ADMINISTER AND FACILITATE THESE FUNDS E.G. ACCOUNTANTS AND ATTORNEY FEES. 0 FORM 990, PART III, LINE 1 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. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT FUNCTIONS OF THE FOUNDATION ARE PERFORMED THE JEWISH FEDERATION OF GREATER PHILADELPHIA. THE JEWISH FEDERATION PROVIDES CERTAIN ADMINISTRATIVE SERVICES TO THE FOUNDATION AND CHARGES THE FOUNDATION AN ADMINISTRATIVE MAINTENANCE CHARGE BASED ON FUNDS RAISED, LESS OTHER DIRECT ADMINISTRATIVE EXPENDITURES. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION DIRECTORS SHALL BE SELECTED BY THE CHAIR OF THE BOARD OF DIRECTORS OF THE JEWISH FEDERATION OF GREATER PHILADELPHIA UPON CONSULTATION WITH THE SCHOOLS THAT WILL BE THE BENEFICIARIES OF THE SCHOLARSHIPS BEING GRANTED BY THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE COMMITTEES, OTHER THAN THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B EACH YEAR THE FOUNDATION FILES TAX RETURNS. THE TAX RETURNS ARE COMPLETED BY A TAX ACCOUNTING FIRM SELECTED BY THE AUDIT COMMITTEE OF THE JEWISH FEDERATION OF GREATER PHILADELPHIA (JEWISH FEDERATION). THE TAX FIRM USES INFORMATION AUDITED BY AN INDEPENDENT AUDITING FIRM. THE TAX AND AUDIT FIRMS CAN BE THE SAME OR SEPARATE FIRMS. THE 990 IS PRESENTED BY THE TAX ACCOUNTING FIRM TO THE JEWISH FEDERATION AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER THEIR REVIEW, IT IS PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS VIA E-MAIL OR MAIL AND THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C INTERNAL PROCEDURES FOR THE REVIEW OF THE FOUNDATION'S CONFLICT OF INTEREST STATEMENTS 1. PRIOR TO THE FIRST FOUNDATION BOARD MEETING FOR EACH FISCAL YEAR, A SUBSET OF THE FOUNDATION'S GOVERNANCE COMMITTEE WILL REQUEST THAT AN ADMINISTRATOR DISTRIBUTE THE STATEMENT OF ETHICAL GUIDELINES TO ALL NEW AND RENEWING BOARD MEMBERS. BOARD MEMBERS ARE ASKED TO READ THE DOCUMENT, COMPLETE AND SIGN THE CONFLICT OF INTEREST STATEMENT, AND RETURN THE COMPLETED DOCUMENT TO THE FOUNDATION. ADMINISTRATORS OF THE FOUNDATION'S BUSINESS (INCLUDING MEMBERS OF JEWISH FEDERATION OF GREATER PHILADELPHIA'S STAFF) ARE ALSO REQUIRED TO READ THE DOCUMENT, COMPLETE AND SIGN THE CONFLICT OF INTEREST STATEMENT AND RETURN THE COMPLETED DOCUMENT TO THE FOUNDATION. 2. ONE MONTH AFTER THE CONFLICT OF INTEREST STATEMENT IS MAILED TO ALL BOARD MEMBERS, THE DOCUMENT IS SENT A SECOND TIME TO ANY BOARD MEMBERS WHO DID NOT COMPLETE, SIGN AND RETURN THE CONFLICT OF INTEREST STATEMENT. 3. ALL RESPONSES ON THE CONFLICT OF INTEREST STATEMENT ARE COMPILED AND IF THERE ARE CONFLICTS NOTED, THOSE STATEMENTS ARE REVIEWED BY THE GOVERNANCE SUB-COMMITTEE. THE MEMBERS OF THE GOVERNANCE SUB-COMMITTEE ARE THE CHAIRMAN OF THE FOUNDATION, THE CHIEF FINANCIAL OFFICER OF THE JEWISH FEDERATION OF GREATER PHILADELPHIA, AND A BOARD MEMBER APPOINTED BY THE CHAIRMAN OF THE FOUNDATION. THE MEMBERS OF THE COMMITTEE DETERMINE ALL NEXT STEPS RELATED TO ETHICAL CONFLICTS. WHERE APPROPRIATE, A MEMBER OF THE COMMITTEE CONTACTS BOARD MEMBERS TO DISCUSS THE CONFLICT AND DETERMINE THE PROPER ETHICAL RESPONSE TO THE CONFLICT. THE SIGNED CONFLICT OF INTEREST STATEMENTS ARE KEPT AS PRESCRIBED BY THE FOUNDATION'S DOCUMENT RETENTION POLICY ON FILE FOR A PERIOD OF 7 YEARS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO EMPLOYEES. COMPENSATION OF THE FOUNDATION OFFICERS RELATES TO COMPENSATION RECEIVED FROM THE RELATED ORGANIZATION THE JEWISH FEDERATION. PROCESSES FOR DETERMINING THAT COMPENSATION FOLLOW THE COMPENSATION POLICIES OF THE JEWISH FEDERATION OF GREATER PHILADELPHIA. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION BELIEVES IN FULL DISCLOSURE AND TRANSPARENCY. THEREFORE, AT ANY TIME, ANYONE CAN REQUEST A COPY OF FORM 990, AUDITED FINANCIAL STATEMENTS, FORM 1023, GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AND IT WILL BE PROVIDED TO THEM. IT IS OUR POLICY TO RECEIVE THE REQUEST IN WRITING SIGNED BY THE REQUESTOR TO THE FOUNDATION CHAIRMAN OR THE OFFICE OF THE JEWISH FEDERATION CFO. WE WILL RELEASE A COPY WITHIN REASONABLE TIME BUT NOT TO EXCEED TEN BUSINESS DAYS. FORM 990, PART XI, LINE 9: RETURN OF UNUSED GRANT FUNDS NETTED AGAINST EXPENSE ON FINANCIAL STATEMENTS 147,545. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE JEWISH FEDERATION OF GREATER PHILADELPHIA IS RESPONSIBLE FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE AUDIT AND TAX ACCOUNTING FIRMS. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. JEWISH FEDERATION OF GREATER PHILADELPHIA 2 COMMERCE SQUARE 2001 MARKET ST ST PHILADELPHIA PA 19103 231500085 FUNDRAISING AND GRANTMAKING PA 501(C)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0