Financials - Fiscal Year 2022
 

JEWISH FEDERATION OF ROCKLAND COUNTY, INC.
STATEMENT OF FINANCIAL POSITION AS OF JUNE 30, 2022

ASSETS

Cash Operating	$197,649
Pledges and accounts receivable	$277,988
Dues from Jewish Community Campus	$100,000
Investments
Total Current Assets	$1,187,622
Total Assets	$1,763,259
Current Liabilities
LIABILITIES AND NET ASSETS	$1,187,622
Total Assets	$1,763,259
Accounts Payable and Accrued Expenses	$1,161
Total Current Liabilities	$1,161
Total Liabilities	$1,161
Net Assets	$1,762,098
Net Assets without Donor Restrictions	$1,762,098
Total Net Assets	$1,762,098
Total Liabilities and Net Assets	$1,763,259

Contributions	$733,476
Center For Jewish Education	$24,235
PJ Library	$15,573
Investment Income	$28,423
Grants	$5,320
Unrealized loss on investments	($161,737)
Realized loss on investments	($30)
Total Revenue	$645,260
Functional Expenses Program Services	$677,834
Management and General	$129,934
Fundraising	$74,030
Total Functional Expenses	$881,798
Other Income
Forgiveness of PPP Loan	$63,817
Change in Net Assets
Net Assets, July 1, 2021	$1,934,819
	($172,721)
Net Assets, June 30, 2022	$1,762,098

*Assets within the Endowment experienced a market decline in value during Fiscal 2022. Market recovery has commensurately affected Endowment values in 2023.

This chart illustrates how the Federation uses campaign dollars. 81% of funds are directed to programs and services. It is expected that the addition of the security initiative in 2023 will increase programming & service allocations to 85%, With continuing attention to expense management and service delivery, including a much lower ratio in our security expenses for 2023 moves us toward a reduced administrative expense target of 15% by 2025.