2024-03-07T11:54:29-06:00 2023-09-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-10-01 223283364 JEWISH BIG BROTHER & BIG SISTER ASSOC OF GREATER BOSTON ENDOWMENT JEWI 6179657055 1430 MAIN STREET WALTHAM MA 02451 JEFFREY SAVIT EX-OFFICIO 6175586536 2024-03-05 1 JEFFREY SAVIT XXX-XX-XXXX 1 CAITLIN LIMOGES CPA P01633588 5083669100 2024-03-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFREY SAVIT 1430 MAIN STREET WALTHAM MA 02451 232826 0 X WWW.JBBBS.ORG X 1992 MA THE PURPOSE OF JEWISH BIG BROTHERS & BIG SISTERS ASSOCIATON OF THE GREATER BOSTON ENDOWMENT FUND, INC. IS TO INSURE THE FINANCIAL VIABILITY AND STRENGTH OF THE JEWISH BIG BROTHERS & BIG SISTERS ASSOCIATION OF GREATER BOSTON BY (I) ESTABLISHING AND MANAGING AN ENDOWMENT FUND TO WHICH INDIVIDUALS, CORPORATIONS, PARTNERSHIP AND ALL OTHER ENTITIES CAN CONTRIBUTE IN ORDER TO PROVIDE FOR THE LONG TERM FINANCIAL SURVIVAL OF THE ASSOCIATION, AND (II) BY MAKING DISTRIBUTIONS OF FUNDS TO THE ASSOCIATION FOR ITS GENERAL OPERATING REQUIREMENT AS WELL AS FOR ITS VARIOUS SPECIAL EVENTS AND PROJECTS. ADDITIONALLY TO CARRY ON ANY OTHER CHARITABLE OR EDUCATIONAL ENDEAVORS WITHIN THE MEANING OF SECTION 501C (3) OF THE INTERNAL REVENUE CODE. 11 11 0 11 0 0 102732 171225 0 0 268676 61601 0 0 371408 232826 549254 546104 0 0 0 0 0 0 0 75791 73221 625045 619325 -253637 -386499 6962635 7476894 0 0 6962635 7476894 SEE SCHEDULE O 0 0 298498 297979 PROVIDED SUPPORT TO THE JEWISH BIG BROTHERS & BIG SISTERS ASSOCIATION OF GREATER BOSTON. 248125 248125 SCHOLARSHIPS PROGRAM. 546623 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JEFFREY SAVIT 6175586536 1430 MAIN STREET WALTHAM MA 02451 JOSEPH MORGART BOARD CHAIR 1.00 X X 0 0 0 LARRY GREEN BOARD CLERK AND TREASURER 1.00 X X 0 0 0 ALLEN SHELDON DIRECTOR 1.00 X 0 0 0 KAREN SISSELMAN DIRECTOR 1.00 X 0 0 0 CAROLYNN LEVY DIRECTOR 1.00 X 0 0 0 ROBERT HABER DIRECTOR 1.00 X 0 0 0 DAVID BAMEL DIRECTOR 1.00 X 0 0 0 ELIZABETH JACOBS DIRECTOR 1.00 X 0 0 0 JACK KADIS DIRECTOR 1.00 X 0 0 0 PETER ANTOSZYK DIRECTOR 1.00 X 0 0 0 STEPHEN ROSEN DIRECTOR 1.00 X 0 0 0 JEFFREY SAVIT EX-OFFICIO 1.00 35.00 X 0 252468 14028 0 252468 14028 0 0 1 0 0 171225 171225 61601 61601 232826 0 0 61601 297979 297979 248125 248125 14400 14400 55745 55745 519 519 2482 2482 MISCELLANEOUS 75 75 619325 546623 72702 0 50710 30233 240400 156200 6567608 7259211 103917 31250 6962635 7476894 0 0 X 4213706 4511689 2748929 2965205 6962635 7476894 6962635 7476894 -386499 900758 0 X X 0 1 X 1 0 X 788249 587009 156779 102732 171225 1805994 788249 587009 156779 102732 171225 1805994 926005 879989 53126 56947 43638 42952 61601 258264 2064258 0.42630 0.51130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6962635 208785 906614 601140 7476894 8167833 313815 -741846 777217 6962585 7167718 444216 1377696 821797 8167833 6924506 785237 216212 758237 7167718 6442937 871500 166081 556012 6924506 0.60342 0.01337 0.38321 0 0 0 JEWISH COMMUNITY ENDOWMENT POOL FUND 7259211 F 7259211 X PART X, LINE 2: THE FUND ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT SEPTEMBER 30, 2023. THE FUND'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICATIONS. 1 JEWISH BIG BROTHER AND BIG SISTER 1430 MAIN STREET WALTHAM MA 02451 042104354 501C3 297979 0 PROGRAM SUPPORT 1 SCHOLARSHIP 62 248125 PART I, LINE 2: THE SCHOLARSHIP COMMITTEES AND MANAGEMENT MEET REGULARLY TO ESTABLISH RECIPIENT CRITERIA, ASSESS THE NEEDS OF APPLICATIONS AND MONITOR AVAILABLE PROGRAM FUNDS. 0 0 0 0 0 0 0 0 0 JEFFREY SAVIT EX-OFFICIO 0 252468 0 0 0 0 0 0 0 14028 0 266496 0 0 PART I, LINE 3 JBBBS PERSONNEL COMMITTEE CHARTER CHARGE: THE PERSONNEL COMMITTEE IS AN AD HOC COMMITTEE OF THE BOARD. THE PERSONNEL COMMITTEE IS CHARGED WITH THE DETERMINATION OF COMPENSATION FOR THE CEO AND TOP MANAGEMENT. A WELL-GOVERNED ORGANIZATION IS MORE LIKELY TO BE A TAX-COMPLIANT ORGANIZATION, IRS RULES SET FORTH EXPECTATIONS FOR A GOVERNANCE PROCESS THAT INVOLVES THE BOARD IN DECISION MAKING REGARDING COMPENSATION, AS WELL AS DISCLOSURE AND TRANSPARENCY FOR EXECUTIVE COMPENSATION FOR TAX EXEMPT ORGANIZATIONS. THE PERSONNEL COMMITTEE IS RESPONSIBLE FOR A THOROUGH REVIEW OF THE COMPENSATION OF NEW AND CONTINUING EXECUTIVES, DOCUMENTING THE DISCUSSIONS AND DECISIONS, AND REPORTING THESE DETAILS TO THE BOARD OF DIRECTORS FOR APPROVAL. SPECIFIC RESPONSIBILITIES: SPECIFIC RESPONSIBILITIES OF THE PERSONNEL COMMITTEE SHALL INCLUDE: 1.REVIEW THE COMPENSATION OF ALL NEWLY-HIRED EXECUTIVES AS WELL AS REVISIT THESE EXECUTIVE SALARIES ON AN ANNUAL BASIS. 2.PERFORM AN ANALYSIS OF THE CEO'S (AND OTHER TOP MANAGEMENT) COMPENSATION IN ORDER TO DETERMINE IF IT IS COMPARABLE TO SIMILAR JOBS IN THE JBBBS MARKET. A SALARY SURVEY OF NONPROFITS THAT ARE OF A SIMILAR SIZE IN OUR LOCAL GEOGRAPHY SHOULD BE PERFORMED. THE ANALYSIS SHOULD INCLUDE ALL COMPONENTS OF COMPENSATION: BOTH SALARY AND BENEFITS, CURRENT AND DEFERRED SALARY, PENSIONS, SEVERANCE, HOUSING ALLOWANCES, CLUB MEMBERSHIPS, ETC. 3.JUSTIFYING THAT THE AMOUNT JBBBS COMPENSATES EXECUTIVES IS EQUAL TO THE VALUE THE ORGANIZATION RECEIVES. 4.PROVIDING CONTEMPORANEOUS DOCUMENTATION DEMONSTRATING THAT THE COMMITTEE HAS DISCUSSED EXECUTIVE COMPENSATION. THE PERSONNEL COMMITTEE SHOULD TAKE WRITTEN MINUTES INCLUDING THE COMPENSATION SURVEY USED, A DISCUSSION OF THE VALUE JBBBS WILL BE OR IS RECEIVING FROM EACH EXECUTIVE, AND ANY CONCERNS OR DISSENTIONS IN THE DETERMINATION OF THE FINAL COMPENSATION. 5.DEMONSTRATING THAT THE PERSONNEL COMMITTEE'S DECISIONS HAVE BEEN REVIEWED BY THE ENTIRE BOARD, HAVE BEEN DISCUSSED AND UNDERSTOOD, AND HAVE BEEN ENTERED INTO THE MINUTES OF THE ENTIRE BOARD. THE REVIEW WITH THE ENTIRE BOARD SHOULD INCLUDE A DESCRIPTION OF THE TOTAL COMPENSATION AND RELATED BENEFITS PAID TO THE EXECUTIVES - SO THAT ALL BOARD MEMBERS UNDERSTAND THE TOTAL COMPENSATION PACKAGE AND CONTRACTS FOR CURRENT AND FUTURE PAYOUTS WITH JBBBS EXECUTIVES. 6.ENSURE NO ONE IN A POSITION TO HIRE OR DETERMINE COMPENSATION FOR AN EXECUTIVE IS RELATED TO THAT EXECUTIVE. 7.MAKE INQUIRIES OF STAFF TO DETERMINE THAT STATE AND FEDERAL LAWS AND REGULATIONS THAT AFFECT EMPLOYMENT ARE FOLLOWED. 8.ENSURE THAT EACH EXECUTIVE HAS A CURRENT JOB DESCRIPTION, DOCUMENTED ANNUAL OBJECTIVES, AND YEARLY PERFORMANCE REVIEWS THAT INCLUDE TRAINING AND CAREER PATH PLANNING. 9.OTHER ITEMS THAT THE PERSONNEL COMMITTEE MAY CONSIDER INCLUDE; EMPLOYEE HANDBOOKS, HUMAN RESOURCE POLICIES, STAFF PLANNING, BENEFITS SELECTION, PENSION CONSIDERATIONS, AND VACATION/HOLIDAY SCHEDULES FOR FULL-TIME AND PART-TIME EMPLOYEE.. IN ADDITION, THE PERSONNEL COMMITTEE SHALL HAVE SUCH POWERS AND DUTIES AS SHALL FROM TIME TO TIME BE DELEGATED TO IT BY THE JBBBS BOARD OF DIRECTORS. MEMBERSHIP/TERM: 1. THE PERSONNEL COMMITTEE SHALL CONSIST OF A CHAIR AND AT LEAST 3 ADDITIONAL MEMBERS. THE PRESIDENT OF THE BOARD OF DIRECTORS SHALL APPOINT THE CHAIRS OF THE COMMITTEES IN CONSULTATION WITH OTHER MEMBERS OF EXECUTIVE COMMITTEE. MEMBERS ARE EXPECTED TO ATTEND THE MEETINGS IN PERSON, AND DISCUSS EXCUSED ABSENCES FROM A MEETING IN ADVANCE WITH THE COMMITTEE CHAIR. 2. THE CHAIR OF THE PERSONNEL COMMITTEE SHALL SERVE A MAXIMUM OF THREE TERMS OF ONE YEAR. 3. FOR MEMBERS, SERVICE ON THE PERSONNEL COMMITTEE SHALL BE LIMITED TO TWO TERMS OF THREE YEARS EACH UNLESS A MEMBER IS MADE CHAIR OR VICE CHAIR OF THE PERSONNEL COMMITTEE. AFTER THE PERMITTED TERMS, AT LEAST ONE YEAR MUST PASS BEFORE AN INDIVIDUAL CAN ACCEPT A NEW APPOINTMENT TO THE PERSONNEL COMMITTEE. GOVERNANCE: MATTERS ARE TO BE DECIDED BY A VOTE OF A MAJORITY OF THE MEMBERS THEN PRESENT AT A MEETING. ACTION MAY BE TAKEN WITHOUT A MEETING WITH WRITTEN CONSENT BY A MAJORITY OF MEMBERS. THE PERSONNEL COMMITTEE MAY ADOPT ITS OWN RULES OF PROCEDURE FOR THE CONDUCT OF ITS BUSINESS SO LONG AS THE RULES ARE CONSISTENT WITH THE ARTICLES OF ORGANIZATION AND BYLAWS OF JBBBS AND PROVIDED THAT THE BOARD OF DIRECTORS MAY FROM TIME TO TIME REVIEW OR MODIFY SUCH RULES OF PROCEDURE. CONFLICT OF INTEREST POLICY: MEMBERS OF THE PERSONNEL COMMITTEE SHOULD EXCUSE THEMSELVES FROM VOTES IF THERE IS A CONFLICT OF INTEREST BETWEEN THE COMMITTEE'S WORK AND A VOLUNTEER'S OTHER COMMUNITY OR PROFESSIONAL OBLIGATIONS. MEETING LOCATION/FREQUENCY: THE PERSONNEL COMMITTEE SHALL MEET APPROXIMATELY TWO TIMES PER YEAR. MEETING DATES SHALL BE SET ANNUALLY IN ADVANCE [BASED ON AVAILABILITY OF MEMBERS TO ATTEND]. FORM 990, PART VI, SECTION A, LINE 3 THE ENDOWMENT FUND DELEGATED CONTROL OVER MANAGEMENT DUTIES TO JEWISH BIG BROTHERS & BIG SISTERS ASSOCIATION OF GREATER BOSTON, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE, ALL BOARD MEMBERS AND MANAGEMENT REVIEW FORM 990 FOR ACCURACY AND APPROVE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY HAVING EACH BOARD MEMBER AND STAFF WITH SIGNIFICANT DECISION MAKING AUTHORITY COMPLETE THE AFFIRMATION STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION FURNISHES DOCUMENTS ON ITS WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. JEWISH BIG BROTHERS & BIG SISTERS ASSOCIATION OF GREATER BOSTON INC 1430 MAIN STREET WALTHAM MA 02451 042104354 MENTORING MA 501(C)(3) LINE 7 JEWISH BIG BROTHERS & BIG SISTERS ASSOC OF GREATER BOSTON ENDOWMENT 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JEWISH BIG BROTHERS & BIG SISTERS ASSOCIATION OF GREATER BOSTON INC B 297979 FAIR MARKET VALUE