Temple Beth Sholom Endowment Fund
Legal name: TBS Endowment Fund Inc
Nonprofit profile at a glance
- EIN
- 261421638
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Sarasota, FL, USA
- Phone
- 941-955-8121
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Judaism
- Affiliation
- Judaism
Reported finances
- Revenue
- $66,967
- Expenses
- $44,867
- Assets
- $1,773,821
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Kenneth Hurwitz (President)
- Richard Berman (Vice President)
People named in this filing
- Kenneth Hurwitz (President)
- Debbie Haspel (Director)
- Richard Berman (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Temple Beth Sholom blends tradition with today to provide a spiritual home that connects, inspires, educates, and strengthens the social wellbeing of our Jewish community members and their loved ones. Significant long-term investments will also be visible. Intentional efforts will be in place to develop a continuous pipeline of future congregational leaders. The growth of a healthy endowment fund will provide financial stability, ensuring adequate resources to fulfill our mission while keeping membership affordable. The synagogue’s physical home will be refurbished to make the space more functional and to strengthen security. And our expanded cemetery will continue to accommodate interfaith families. In the spirit of _tikkun olam_ (repairing the world), the congregation will continue to reach out beyond our walls to the broader community. As a proactive, collaborative partner, we...
What it reported doing in 2024
Temple Beth Sholom Cantor Fund
Operating model
- Revenue model
- Investment-supported. 72% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 90
- Accountability: 6
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.7%; rating input score 72
- Program expense ratio: 83.6%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 33%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 39.54; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -25.9% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 12.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 71.7% of revenue deployed · 83.6% of spending went to programs
- Governance: 0 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.