Allied Jewish Federation Annual Report FY12

fiscal year 2012aNNUal rePOrT

JULY 1, 2011 THROUGH JUNE 30, 2012

ALLIED JEWISH FEDERATION OF COLORADO

Your Partners in Jewish Philanthropy

300 S. Dahlia Street, Suite 300, Denver, CO 80246 | www.ajfcolorado.org | 303.321.3399

Nancy GartCoordinating Council Chair

ruth Malman JCF Chair

Doug sesermanPresident & CEO 2

Dear Community Member,

Our 2012 fiscal year was an important one. We laid the groundwork for critical new changes to take hold in coming years. We’ve also continued working as diligently as possible to maximize every resource available.

According to our audited financials for fiscal year 2012, our Enterprise, which combines the Allied Jewish Federation of Colorado and the Jewish Community Foundation, raised a total of $12.6 M in combined operating income, a strong achievement in this uncertain economic environment.

As you know, we began an organizational transformation process in the last year that we call Reimagining Federation for the 21st Century. Our commitment to our mission has never been stronger. Even as we were beginning these changes, Federation was responding to disasters like the Colorado Wildfires while still fundraising for local, national and international organizations.

Additionally, we were funding and managing critically important community programs and services like the Jewish Community Relations Council (JCRC), the Young Adult Department (YAD) and the Israeli Shlichah program (our Israeli emissary). We also provide valuable marketing community tools like our What’s Happening in Jewish Colorado eNews and the JewishColorado.org website, our community’s portal to stay connected to all that’s going on in local Jewish life.

Through our Flagship Fund, we are able to provide funding to our partner agencies for the most critical programs and services in the Jewish world. We respond to crises in a moment’s notice, but that’s not all that we do. We also support organizations through Total Choice Tzedakah (TCT) giving and donations from Donor-Advised Funds (DAF).

In addition, we are uncovering new ways to serve the community through technology and social media. We’ve been upgrading and redesigning JewishColorado.org to make it as easy to use as possible. We are leveraging tools like Facebook and Twitter, as well as text messaging for our community to be able to respond to crisis in real time. We will continue to use these tools as innovation remains top of mind for us in the coming year.

Thanks to our donors, volunteers and partners who have made tzedakah a part of their own life’s mission. Your support is helping us pursue our mission to build and sustain Jewish life in Colorado, Israel and around the world.

eNTerPrise BalaNce sHeeT Fiscal Year 2012: Ending June 30, 2012 (All numbers in $000’s)

assetsCashPledges Receivable, netInvestmentsProperty & EquipmentSplit Interest GiftsOther

Total assets

liabilitiesAccounts Payable/

Accrued LiabilitiesLine of CreditDue to Other AgenciesBond PayableFunds Held on Behalf

of OthersOther

Total liabilities

Net assets

Total liabilities & Net

aJf

4354,840

239

56

5,570

6001,0005,520

7,120

3,214

10,334

Jcf

345

33,8903,3412,150

89

39,815

30

3,450

11,6701,345

16,495

18,556

35,051

cOMBiNeD eNTerPrise

7804,840

33,8903,5802,150

145

43,385

6301,0005,5203,450

11,6701,345

23,615

21,770

43,385

RevenueGrant RevenueProgram Income & FeesInvestment IncomeOther Income

Operating incomeNet Realized/Unrealized

Losses from Investments

Total revenues/ losses/Other support

expenses:Program services

Distributions/AllocationsOther Program Expenses

Total Programs/Distributions

supporting servicesManagement & GeneralFundraising

Total supporting services

Total Distribut. & expenses

change in Net assets from Operations

aJf10,258

225164

5545

10,747

(85)

10,662

5,8062,430

8,236

8801,5832,463

10,699

(37)

Jcf1,382

186260

45

1,873

(1,055)

818

924130

1,054

420227647

1,701

(883)

cOMBiNeD eNTerPrise11,640

225350315

90

12,620

(1,140)

11,480

6,7302,560

9,290

1,3001,8103,110

12,400

(920)

eNTerPrise OPeraTiNG iNcOMe sTaTeMeNTFiscal Year 2012: Ending June 30, 2012 (All numbers in $000’s)

4

fiscal year 2012 eNTerPrise DisTriBUTiONs & fUNDiNGBelow you will find the FY12 breakdown of distributions and expenses.

AJF Donor Restricted/Recommended Distributions JCF Donor Advised Fund DistributionsColorado AllocationsIsrael & Overseas AllocationsCommunity ProgramsGeneral Assembly

Total Distributions & Programming

$ 3,471 925

1,4381,2961,540

620

$9,290 (75%)

Distributions & Programming

TOTal fy12 DisTriBUTiONs & exPeNses(Dollars shown in 000’s)

supporting servicesManagement & AdministrativeFundraising

Total supporting services

$1,3001,810

$3,110 (25%)

supporting services

colorado allocations

$1.4 M (12%)

aJf Donor restricted/recommended

$3.4 M (28%)

Jcf Donor-advised funds$0.9 M (7%)

israel & Overseas allocations$1.3 M (10%)

community Programs$1.5 M (13%)

Management & administrative$1.3 M (10%)

fundraising$1.8 M (15%)

Total fy12 Distributions & expenses $12,400

General assembly$0.6 M (5%)

Your Partners in Jewish Philanthropy

300 S. Dahlia Street, Suite 300 | Denver, CO 80246 | www.ajfcolorado.org | 303.321.3399 5

a WarM THaNK yOU TO OUr fiscal 2012 BOarD MeMBers

cOOrDiNaTiNG cOUNcilNancy Gart, ChairJudy Robins, Past ChairJudy AltenbergRick AltmanSteve ArentElaine Asarch Howard BrillRabbi Bruce DollinLisa EngbarSheryl FeilerDan FeinerAndy FranklinBrian FriedmanJennifer Gilbert-KaufmannTiffany GlucksmanJohn KatzenbergGary Kleiman, SecretaryRick KornfeldHoward Lerman, TreasurerCharlene Loup (Honorary)Robert E. Loup (Honorary)Ruth MalmanMarnie MillerDavid MoskowitzEssie PerlmutterDon SchlesingerMelanie SiegelMichael StrearAmy Toltz-Miller Jason Williamson

JeWisH resOUrceceNTer (Jrc)Lisa Engbar, ChairMarnie Klein, Past ChairSheryl Feiler, Past ChairElise BarishEliot BoyleDavid BrownDan FeinerAndy FranklinKatie FrischSheryl Goodman

israel, NaTiONal aND Overseas ceNTer (iNO)Rick Kornfeld, ChairBrian Friedman, INO/JCRC Past ChairDiana Anderson David BirnbaumAlan BrandtJacqueline Cooper MelmedDavid DworkinYosh EisbartGadi EisnerYossi ManorHarry PliskinMarc Reissner David RontalPam SolomonDebra WeinsteinJonathon WeinsteinJason Williamson, Partnerships Committee ChairJosh Yeddis

JeWisH cOMMUNiTy fOUNDaTiON (Jcf)Ruth Malman, ChairBruce L. Plotkin, Past ChairRich Cohn, SecretarySteve Stark, Treasurer Marc Spritzer, Investment Committee ChairSteve AbelmanDorit FischerNoel GinsburgRobert HochstadtSol LeftinHoward LermanCintra PollackMark SidellKim Schneider MalekJackie Sprinces Wong

JeWisH PHilaNTHrOPy ceNTer (JPc)Amy Toltz-Miller, JPC/Annual Campaign ChairElaine Asarch, JPC/Annual Campaign Past ChairJudy Altenberg, JWPC/Women’s Campaign ChairRick Altman, Community Campaign Co-ChairTiffany Glucksman, BGS Co-ChairDavid Moskowitz, Major Gifts Campaign Co-ChairJudy Robins, Coordinating Council Past ChairMelanie Siegel, Major Gifts Campaign Co-ChairJJ Slatkin, BGS Co-ChairJackie Sprinces Wong, Boulder Campaign Chair

JeWisH WOMeN’sPHilaNTHrOPy ceNTer (JWPc)Judy Altenberg, ChairAmy Toltz-Miller, Past ChairGoldie CohenTiffany GlucksmanHedy GurrentzGloria HusneyCarol KarshCarla KutnickBlanca LermanKit LeventhalCeci LowingerLisa MintzLisa W. PerlmutterMimi PomeranzTara RontalMelanie SiegelSusan SternLisa SnyderLori WeintraubJulie Whitcomb