The Ojc Fund

Nonprofit profile at a glance

EIN
113618879
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Brooklyn, NY, USA
Phone
7185991400
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Educational Services and Schools - Other
Affiliation
Judaism

Official website

Reported finances

Revenue
$469,320,831
Expenses
$458,347,690
Assets
$58,475,920
Liabilities
$1,525,568

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • EFRAIM SOFER (PRESIDENT, CO-CEO, & CFO)
  • KALMEN EKSTEIN (SECRETARY, TREASURER, CO-CEO, & COO)

Highest reported compensation

  • EFRAIM SOFER (PRESIDENT, CO-CEO, & CFO): $921,329 total reported compensation
  • KALMEN EKSTEIN (SECRETARY, TREASURER, CO-CEO, & COO): $857,380 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

OJC Fund provides a secure, all-in-one donor-advised fund (DAF) platform, enhancing charitable giving with real-time management, tax-efficient options, and personalized support for donors and nonprofits. For Donors The OJC Donor Platform.

What it reported doing in 2024

Our responsibility is to serve our fundholders who have entrusted us with their charitable dollars. We take this responsibility very seriously and are dedicated to treating our fundholders with the utmost integrity and respect. Our donors have the opportunity to recommend how their charitable contributions are allocated to the various charitable organizations. We honor our commitment to fundholders by providing services that make their charitable giving administratively efficient, economically advantageous, and personally rewarding. These include: simplifying the grantmaking process so that contributions flow quickly and easily into the charitable stream, safeguarding confidentiality and facilitating intergenerational philanthropy.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.2%; rating input score 97
  • Program expense ratio: 99.1%; rating input score 99
  • Fundraising efficiency: $554.64 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.4%; rating input score 99; 41st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 60%; rating input score 60; 16th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.3%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 0.4%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: 28.2% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 24.7% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 24% per year; rating input score 100; 96th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 97.2% of revenue deployed · 99.1% of spending went to programs
  • Governance: 3 of 5 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $454.1M in reported program spending
  • Leadership: top reported pay $921K · 5 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $1.2M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes foreign activity, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3717 filed money-flow records
  • Related organizations: 3716 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.