Caroline & Joseph S Gruss Life Monument Funds Inc
SUPPORT JEWISH EDUCATION
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$0
Total Expenses
$5.9M
Net Assets
$93K
Employees
1
Volunteers
16
Grants Paid
$5.5M
Program Expense Ratio
93.7%
This nonprofit profile presents IRS Form 990 tax filing data for Caroline & Joseph S Gruss Life Monument Funds Inc (EIN: 13-3573461), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Caroline & Joseph S Gruss Life Monument Funds Inc is a 501(c)(3) nonprofit headquartered in New York, NY, founded in 1991. The organization has held tax-exempt status since 1991. In its 2024 filing, the organization reported $0 in total revenue, a 100.0% decrease from the prior year, and $5.9M in total expenses. The organization employed 1 people and engaged 16 volunteers. JASON CURY, PRESIDENT, is the highest-compensated individual at $198,000. The organization runs 1 program, totaling $5.6M in program expenses. 6 of 6 recommended governance policies are in place.
Caroline & Joseph S Gruss Life Monument Funds Inc is classified under NTEE code B120. Its foundation type is 17.
Programs(Tax Year 2024)
1 record
Caroline & Joseph S Gruss Life Monument Funds Inc operates 1 program, with total program expenses of $5.6M. Caroline & Joseph S Gruss Life Monument Funds Inc's largest program accounts for 100% of total program spending.
SPECIAL INNOVATIVE PROJECTS-THESE PROGRAMS ASSIST STUDENT AS WELL AS JEWISH SCHOOLS.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Caroline & Joseph S Gruss Life Monument Funds Inc's revenue has declined from $10.7M to $0, a 100.0% decrease. Program expenses represent 94% of total spending.
Revenue decreased 100.0% year-over-year, while expenses declined 73.1%. net assets fell to $93K, down 98.5% from the prior year. the organization reduced headcount by 27 employees.
Caroline & Joseph S Gruss Life Monument Funds Inc allocates 94% to programs, 6% to management and general.
Caroline & Joseph S Gruss Life Monument Funds Inc distributed $5.5M in grants to other organizations and individuals, representing 93% of total expenses.
Over 5 filings from 2020–2024, Caroline & Joseph S Gruss Life Monument Funds Inc declined revenue from $10.7M to $0 (-100.0%) while maintaining a program expense ratio of 94%. During this period, the organization reduced from 34 to 1 employees.
Caroline & Joseph S Gruss Life Monument Funds Inc holds $315K in total assets against $221K in liabilities (debt-to-asset ratio of 70%). The organization has 0.2 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | $0 | $0 | $0 |
| 2023 | $1.9M | $500 | $0 | $0 | $1.4M |
| 2022 | $261K | $0 | $0 | $0 | $197K |
| 2021 | $2.7M | $671K | $671K | $0 | $1.8M |
| 2020 | $10.7M | $671K | $671K | $0 | $10.0M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $5.9M | $5.6M | $374K | $0 | $5.5M |
| 2023 | $22.0M | $20.5M | $1.5M | $0 | $19.9M |
| 2022 | $8.7M | $7.3M | $1.3M | $0 | $6.7M |
| 2021 | $10.8M | $9.6M | $1.2M | $0 | $9.0M |
| 2020 | $9.2M | $8.1M | $1.0M | $0 | $7.4M |
Program Expense Ratio
93.7%
Admin Expense Ratio
6.3%
Fundraising Efficiency
—
Operating Reserve
0.2 mo
People & Compensation(Tax Year 2024)
16 records
Caroline & Joseph S Gruss Life Monument Funds Inc reported compensation for 16 officers and key employees. Total officer compensation was $198K, representing 3.3% of total expenses.
Caroline & Joseph S Gruss Life Monument Funds Inc's highest-compensated individual received $198K in total compensation. Total officer compensation of $198K represents 3.3% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| JASON CURY | PRESIDENT | OfficerDirector | 28.00 | $198,000 | $0 | $198,000 |
| MARTIN GRUSS | CHAIRMAN | OfficerDirector | 0.65 | $0 | $0 | $0 |
| MATHEW MARYLES | TREASURER | OfficerDirector | 0.50 | $0 | $0 | $0 |
| LILLIAN EISMAN | SECRETARY | OfficerDirector | 0.50 | $0 | $0 | $0 |
| DR ALISA DOCTORFF | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| ERIC GOLDSTEIN | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| DR EVELYN GRUSS LIPPER | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| JOSHUA GRUSS | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| BERNARD LATERMAN | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| SCOTT SHAY | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| DOROTHY TANANBAUM | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| AMY BRESSMAN | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| BILLIE GOLD | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| SARENE SHANUS | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| JEFFREY SCHOENFELD | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
| SARA NATHAN | BOARD MEMBER | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
JASON CURY
Base Salary
$198,000
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
$17,330
Governance & Compliance(Tax Year 2024)
Caroline & Joseph S Gruss Life Monument Funds Inc has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 16 members, 15 of whom are independent.
Caroline & Joseph S Gruss Life Monument Funds Inc does not have audited financial statements.
Caroline & Joseph S Gruss Life Monument Funds Inc has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
1 record
Caroline & Joseph S Gruss Life Monument Funds Inc awarded $5.6M across 1 grant to organizations. Top recipients include CENTER FOR INITIATIVES IN JEWISH EDUCATION INC (BROOKLYN, NY) — $5.6M for assist students in jewish day schools.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| CENTER FOR INITIATIVES IN JEWISH EDUCATION INC770698155 | BROOKLYN, NY | $5.6M | ASSIST STUDENTS IN JEWISH DAY SCHOOLS |
Filing History(Tax Years 1991–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $0 | $5.9M | $93K |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $1.9M | $22.0M | $6.0M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $261K | $8.7M | $26.2M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $2.7M | $10.8M | $42.9M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $10.7M | $9.2M | $46.1M |
| 1991–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Caroline & Joseph S Gruss Life Monument Funds Inc do?
SUPPORT JEWISH EDUCATION
How much revenue does Caroline & Joseph S Gruss Life Monument Funds Inc have?
Caroline & Joseph S Gruss Life Monument Funds Inc reported $0 in total revenue for tax year 2024, down 100.0% from the prior year.
Who is the highest-paid executive at Caroline & Joseph S Gruss Life Monument Funds Inc?
JASON CURY, PRESIDENT, received $198,000 in total compensation as of tax year 2024.
Is Caroline & Joseph S Gruss Life Monument Funds Inc a 501(c)(3)?
Yes, Caroline & Joseph S Gruss Life Monument Funds Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Caroline & Joseph S Gruss Life Monument Funds Inc located?
Caroline & Joseph S Gruss Life Monument Funds Inc is headquartered in New York, NY 10006.
How many employees does Caroline & Joseph S Gruss Life Monument Funds Inc have?
Caroline & Joseph S Gruss Life Monument Funds Inc has 1 employees and 16 volunteers as of tax year 2024.
Is Caroline & Joseph S Gruss Life Monument Funds Inc audited?
No, Caroline & Joseph S Gruss Life Monument Funds Inc does not currently have audited financial statements.
Does Caroline & Joseph S Gruss Life Monument Funds Inc give grants?
Yes, Caroline & Joseph S Gruss Life Monument Funds Inc distributed $5,532,557 in grants to other organizations and individuals in tax year 2024. Top recipients include CENTER FOR INITIATIVES IN JEWISH EDUCATION INC.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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