Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
JEWISH FEDERATION COUNCIL OF GREATER LA
Employer identification number
95-1643388
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
71,058,061
58,430,463
55,195,584
48,472,169
49,553,438
282,709,715
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
71,058,061
58,430,463
55,195,584
48,472,169
49,553,438
282,709,715
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6
Public Support. Subtract line 5 from line 4.
282,709,715
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
71,058,061
58,430,463
55,195,584
48,472,169
49,553,438
282,709,715
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
2,191,157
2,503,225
1,395,789
977,173
827,410
7,894,754
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
167,814
2,206
0
0
0
170,020
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
290,774,489
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
14,806,295
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
97.227 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
96.764 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
JEWISH FEDERATION COUNCIL OF GREATER LA
Employer identification number
95-1643388
Identifier
Return Reference
Explanation
BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION
PART III, LINE 1
BASED ON JEWISH VALUES, THE JEWISH FEDERATION OF GREATER LOS ANGELES CONVENES AND LEADS THE COMMUNITY AND LEVERAGES ITS RESOURCES TO ASSURE THE CONTINUITY OF THE JEWISH PEOPLE, SUPPORT A SECURE STATE OF ISRAEL, CARE FOR JEWS IN NEED HERE AND ABROAD, AND MOBILIZE ON ISSUES OF CONCERN TO THE LOCAL COMMUNITY, ALL WITH OUR LOCAL, NATIONAL, AND INTERNATIONAL PARTNERS.
PROGRAM SERVICE ACCOMPLISHMENTS
PART III, LINE 4A-4D
PROGRAM SERVICE ACTIVITY #1 - LOCAL THE JEWISH FEDERATION WORKS WITH LOCAL PARTNERS TO ENSURE THE JEWISH FUTURE BY CARING FOR JEWS IN NEED AND SUPPORTING JEWISH EDUCATION. IN ADDITION, IT PROVIDES THE ADMINISTRATIVE STAFF AND FACILITY SUPPORT THAT HELP MAKE THIS WORK POSSIBLE. PROGRAMS INCLUDE EMERGENCY CASH GRANTS, SERVICES FOR THE SPECIAL-NEEDS COMMUNITY FROM THE HAMERCAZ COLLECTIVE, SERVICES FOR HOLOCAUST SURVIVORS AND OTHER SENIORS, FINANCIAL AID TO STUDENTS FOR JEWISH DAY SCHOOL EDUCATION, GRANTS FOR JEWISH SUMMER CAMPS, AND SUPPORT OF P.J. LIBRARY A JEWISH-THEMED BOOK PROGRAM FOR YOUNG FAMILIES. PROGRAM SERVICE ACTIVITY #2 - INTERNATIONAL THE JEWISH FEDERATION WORKS WITH INTERNATIONAL PARTNERS THE JOINT DISTRIBUTION COMMITTEE AND THE JEWISH AGENCY FOR ISRAEL TO CARE FOR JEWS IN NEED AND ENSURE THE JEWISH FUTURE IN ISRAEL AND 55 COUNTRIES AROUND THE WORLD. PROGRAMS INCLUDE WORK WITH AT-RISK CHILDREN IN JERUSALEM, SUPPORT FOR A SCHOOL THAT SERVES THE DIVERSE STUDENT BODY IN A LOW-INCOME SECTION OF SOUTH TEL AVIV, SUPPORT FOR NEWLY-IMMIGRATED ETHIOPIAN CHILDREN AND THEIR FAMILIES IN BEIT SHEMESH, CAMPS, AFTER-SCHOOL ACTIVITIES A LEARNING CONFERENCE AND FAMILY INVOLVEMENT OPPORTUNITIES GEARED TO SUPPORT THE REBIRTH OF JEWISH LIFE IN THE BALTICS AND MORE. THE FEDERATION'S TEL AVIV/LOS ANGELES PARTNERSHIP PROVIDES A FRAMEWORK FOR A SCHOOL TWINNING EXCHANGE PROGRAM, HEALTH, ARTS AND HUMAN SERVICE INITIATIVES, AS WELLS AS ENVIRONMENTAL AND BUSINESS PROGRAMS. PROGRAM SERVICE ACTIVITY #3 - COMMUNITY THE JEWISH FEDERATION WORKS WITH LOCAL PARTNERS TO ENGAGE THE GREATER COMMUNITY IN LOS ANGELES THROUGH THE HOLY LAND DEMOCRACY PROJECT, A PROGRAM THAT BRINGS EDUCATORS TO ISRAEL TO LEARN ABOUT THE REALITIES OF MODERN ISRAEL AND SHARE THEM WITH NON-JEWISH STUDENTS THROUGHOUT LOS ANGELES; FIGHT HUNGER IN LOS ANGELES THROUGH FED UP WITH HUNGER, AN INITIATIVE THAT RAISES AWARENESS THROUGH EDUCATION AND ADVOCACY AND VOLUNTEER OPPORTUNITIES; BUILDS UNDERSTANDING OF ISRAEL THROUGH INTER-FAITH DIALOGUE AND EXPERIENCE; OPERATES KOREH L.A., THE LARGEST VOLUNTEER LITERACY PROGRAM IN THE CITY, PROVIDES GRANTS FOR THE DEVELOPMENT OF PUBLIC SPACE, MAKES GRANTS FOR PROGRAMS THAT SERVE THE COMMUNITY IN THE SAN FERNANDO VALLEY, AS WELL AS OTHER REGIONAL ALLOCATIONS. OTHER PROGRAM EXPENSES PROGRAM SERVICE ACTIVITY #4 - NATIONAL SUPPORT THE JEWISH FEDERATION PAYS DUES TO THE JEWISH FEDERATIONS OF NORTH AMERICA TO FURTHER A NATIONAL AGENDA TO IMPROVE JEWISH LIFE IN THE UNITED STATES. WE SUPPORT OTHER NATIONAL PROGRAMS INCLUDING JEWISH COMMUNITY CENTERS ASSOCIATION, JEWISH COUNCIL FOR PUBLIC AFFAIRS, FOUNDATION FOR JEWISH CULTURE, INTERNATIONAL HILLEL, JEWISH EDUCATION SERVICE OF NORTH AMERICA, THE HEBREW IMMIGRANT AID SOCIETY AND OTHER NATIONAL PROGRAMS. TOTAL PROGRAM SERVICE EXPENSES: $1,203,197 GRANTS AND ALLOCATIONS: $1,100,000 PROGRAM SERVICE ACTIVITY #5 - LEADERSHIP THE JEWISH FEDERATION SUPPORTS PROGRAMS THAT OFFER LEADERS OF ALL AGES THE SKILLS AND SUPPORT THEY NEED TO SUCCEED THROUGH NEW LEADERS PROJECT, YOUNG LEADERSHIP DEVELOPMENT INSTITUTE, THE GELLER LEADERSHIP PROJECT AND MORE. TOTAL PROGRAM SERVICE EXPENSES: $671,645 GRANTS AND ALLOCATIONS: NONE PROGRAM SERVICE ACTIVITY #6 - BOARD OF RABBIS THE JEWISH FEDERATION SUPPORTS THE BOARD OF RABBIS OF SOUTHERN CALIFORNIA WHICH BRINGS TOGETHER MORE THAN 300 RABBIS REPRESENTING THE CONSERVATIVE, ORTHODOX, RECONSTRUCTIONIST, REFORM AND TRANS-DENOMINATIONAL STREAMS OF JEWISH LIFE. THE BOARD PROMOTES AND ENRICHES JEWISH LEARNING AND LIVING THROUGH PROGRAMMING AND LEADERSHIP IN THE AREAS OF COMMUNITY LEARNING, SOCIAL JUSTICE, HEALING AND SPIRITUALITY, PROFESSIONAL GROWTH, INTERFAITH ACTIVITIES AND MEDIA RELATIONS. TOTAL PROGRAM SERVICE EXPENSES: $503,014 GRANTS AND ALLOCATIONS: NONE PROGRAM SERVICE ACTIVITY #7 - BIRTHRIGHT ISRAEL THE JEWISH FEDERATION SUPPORTS THE PROGRAM THAT SENDS YOUNG ADULTS TO ISRAEL ON A 10-DAY, LIFE-CHANGING EDUCATIONAL TRIP THAT STRENGTHENS JEWISH IDENTITY AND FOSTERS A LOVE FOR THE JEWISH HOMELAND. TOTAL PROGRAM SERVICE EXPENSES: $785,892 GRANTS AND ALLOCATIONS: $785,892
FAMILY RELATIONSHIPS
PART VI, SECTION A, LINE 2
LEON JANKS AND SHARON JANKS HAVE A FAMILY RELATIONSHIP, FRANK MAAS AND VIRGINA MAAS HAVE A FAMILY RELATIONSHIP, AND DEREK BROWN AND LYNETTE BROWN HAVE A FAMILY RELATIONSHIP.
DESCRIPTION OF MEMBERS AND STOCKHOLDERS
PART VI, SECTION A, LINE 6
MEMBERS ARE DEFINED AS CONTRIBUTORS WHO HAVE PAID NOT LESS THAN $100 TO THE ANNUAL COMMUNITY-WIDE FUND RAISING CAMPAIGN WITHIN THE TWELVE MONTHS PRECEDING THE DATE OF A MEMBERS MEETING. MEMBERS HAVE THE RIGHT TO VOTE ON THE ELECTION OF DIRECTORS.
MEMBERS OR STOCKHOLDERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOV BODY
PART VI, SECTION A, LINE 7A
MEMBERS OF THE FEDERATION CONVENE A LEAST BIENNIALLY (BIENNIAL MEETING) AND OTHERWISE AS DEEMED NECESSARY BY THE BOARD OF DIRECTORS OR CHAIR. ONE HUNDRED MEMBERS CONSTITUTES A QUORUM AT A MEETING OF THE MEMBERS. MEMBERS ARE NOT ENTITLED TO VOTE OR ACT BY PROXY. ONLY MATTERS OF WHICH NOTICE WAS GIVEN MAY BE ACTED UPON AT A MEMBERS MEETING. THE AGENDA OF THE BIENNIAL MEETING SHALL INCLUDE THE ELECTION OF DIRECTORS PURSUANT TO THE BYLAWS. MEMBERS SHALL ELECT DIRECTORS FOR A TWO-YEAR TERM AT THE BIENNIAL MEETING. PRIOR TO THE BIENNIAL MEETING THE NOMINATIONS COMMITTEE COORDINATES THE SELECTION OF PROPOSED DIRECTORS IN ACCORDANCE WITH THE PROCEDURES ENUMERATED IN THE BYLAWS. VACANCIES CREATED BY RESIGNATION, DEATH, INCAPACITY OR OTHER DEPARTURE OF A DIRECTOR MAY BE FILLED BY THE CHAIR'S APPOINTMENT, FOR THE UNEXPIRED PORTION OF THE TERM, SUBJECT TO APPROVAL BY VOTE OF THE BOARD AT THE NEXT BOARD MEETING. A REPLACEMENT DIRECTOR MAY SERVE ON THE BOARD BY THE CHAIR'S APPOINTMENT ON AN INTERIM BASIS UNTIL SUCH NEXT BOARD MEETING.
PROCESS TO REVIEW THE FORM 990
PART VI, SECTION A, LINE 11
THE FORM 990 IS PREPARED BY THE FEDERATION'S FINANCE STAFF. A PUBLIC ACCOUNTING FIRM IS RETAINED TO PROVIDE TAX SERVICES FOR THE FEDERATION. WHEN THE FORM 990 IS COMPLETE, BUT BEFORE IT IS FILED, THE AUDIT COMMITTEE MEETS WITH THE CFO AND VP OF FINANCE AND REPRESENTATIVES FROM THE PUBLIC ACCOUNTING FIRM TO PERFORM A THOROUGH REVIEW OF THE FORM 990. THE BOARD HAS EMPOWERED THE AUDIT COMMITTEE TO PERFORM THIS REVIEW OF THE FORM 990 PRIOR TO FILING. PRIOR TO FILING THE MEMBERS OF THE BOARD OF DIRECTORS ARE PROVIDED AN ELECTRONIC COPY OF THE FORM 990 FOR REVIEW.
CONFLICT OF INTEREST POLICY
PART VI, SECTION B, LINE 12
THE JEWISH FEDERATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. BOARD MEMBERS, COMMITTEE MEMBERS, OFFICERS, KEY EMPLOYEES AND SELECTED STAFF ARE SUBJECT TO COMPLIANCE WITH THE POLICY. THE POLICY IS POSTED ON THE ORGANIZATION'S INTRANET. ADDITIONALLY, THE POLICY IS CIRCULATED ON AN ANNUAL BASIS TO AFFECTED PERSONS ALONG WITH A QUESTIONNAIRE TO FURTHER IDENTIFY RELATIONSHIPS THAT REQUIRE DISCLOSURE ON THE FORM 990. THE POLICY DEFINES PROCEDURES FOR THE CONFLICTED PERSON AND/OR OTHERS TO ENSURE THAT BUSINESS TRANSACTIONS ARE IN THE BEST INTEREST OF THE ORGANIZATION, BUSINESS AND FAMILY RELATIONSHIPS ARE FULLY DISCLOSED, AND DISCIPLINARY MEASURES ARE ENFORCED. WHEN A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED BY THE CONFLICTED PARTY OR THE JEWISH FEDERATION, THE NATURE OF THE INTEREST OR INVOLVEMENT IS IMMEDIATELY COMMUNICATED TO THE PRESIDENT, BOARD CHAIR, AND THE RESPECTIVE COMMITTEE CONSIDERING THE TRANSACTION. IF THE PARTICULAR TRANSACTION REQUIRES A VOTE, THE CONFLICTED PARTY SHALL NOT BE COUNTED FOR PURPOSES OF A QUORUM NOR SHALL HE OR SHE VOTE ON THE MATTER. PERSONS PREPARING AND SIGNING THE FORM 990 ARE FAMILIAR WITH BOARD MEMBERS, COMMITTEE MEMBERS, FINANCIAL TRANSACTIONS (INCLUDING CONTRACTUAL ARRANGEMENTS) AND THE RULES AND POLICIES RELATED TO CONFLICTS OF INTEREST.
PROCESS FOR DETERMINING EXECUTIVE COMPENSATION
PART VI, SECTION B, LINE 15A AND 15B
THE BYLAWS PROVIDE FOR AN INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION, INCLUDING BENEFITS, OF THE PRESIDENT, CHIEF OPERATING AND FINANCIAL OFFICER, THE EXECUTIVE VICE PRESIDENT OF FINANCIAL RESOURCE DEVELOPMENT AND OTHER SELECTED EMPLOYEES WHO COMPRISE THE FIVE HIGHEST PAID EMPLOYEES OF THE FEDERATION. IN 2009 THE COMMITTEE REVIEWED THE COMPENSATION OF ALL EMPLOYEES WITH THE TITLE OF EXECUTIVE VICE PRESIDENT AND ASSOCIATE EXECUTIVE VICE PRESIDENT AND PERSONS HIRED WITHIN THE YEAR AT A SALARY OVER $150,000. IN 2009 THE COMMITTEE ENGAGED AN OUTSIDE CONSULTANT WHO USED SALARY SURVEYS AND STUDIES OF NON-PROFIT ORGANIZATIONS TO PROPOSE A COMPENSATION PACKAGE FOR THE NEW PRESIDENT. THE COMPENSATION PACKAGE FOR THE NEW PRESIDENT WAS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE AND SUBSEQUENTLY REPORTED TO THE BOARD IN DECEMBER 2009. IN 2010 THE COMMITTEE ENGAGED A DIFFERENT OUTSIDE CONSULTANT WHO USED SALARY SURVEYS AND STUDIES OF PAYMENTS TO FINANCIAL PROFESSIONALS EMPLOYED BY NON-PROFIT ORGANIZATIONS TO PROPOSE A PACKAGE FOR A NEW CHIEF OPERATING AND FINANCIAL OFFICER. THE COMPENSATION AND APPOINTMENT OF THE CHIEF OPERATING AND FINANCIAL OFFICER WAS APPROVED BY THE COMMITTEE AND REPORTED TO THE BOARD IN 2010. THIS PROCESS WAS DOCUMENTED IN THE COMPENSATION COMMITTEE MINUTES.
PUBLIC INSPECTION OF DOCUMENTS
PART VI, SECTION C, LINE 19
THE JEWISH FEDERATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. THE JEWISH FEDERATION MAKES ITS CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION, AND COPIES WILL BE PROVIDED ON REQUEST IF THEY CANNOT BE ACCESSED FROM THE PUBLIC WEBSITE.
RECONCILIATION OF NET ASSETS
PART XI, LINE 5
THE $16,018,333 IS COMPRISED OF FOUR CHANGES: 1) BALANCE SHEET ADJUSTMENT DUE TO CORRECTED PRESENTATION OF DEFINED BENEFIT PLAN IN THE AMOUNT OF $9,284,957; 2) NET UNREALIZED GAINS IN THE AMOUNT OF $6,734,313; 3) GAIN ON SALE OF PARTNERSHIP SHARES IN THE AMOUNT OF $(1,160); AND 4) ROUNDING IN THE AMOUNT OF $223.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.