Executive Compensation at the United Jewish Appeal (UJA) Federation of NY (2022)

The United Jewish Appeal Federation of Jewish Philanthropies of NY, Inc is also known as the UJA Federation of NY.

Based in New York City, the UJA Federation of NY has historically been focused on raising funds and using those funds to make grants (61% of revenue in 2019, 68% of revenue in 2020, 54% of revenue in 2021, and 60% in 2022) – primarily to domestic Jewish organizations including $50 million to the Jewish Federations of North America in 2022 – and strengthen their balance sheet by allotting millions annually to the general fund (they reported having $1.4 billion in net assets by the end of 2022).

In 2022, the UJA Federation of NY used 60% of revenue ($177 million) for grants, 28% of revenue ($82 million) to pay for organization expenses, and allocated 12% of revenue ($35 million) to the general fund.

The largest organization expense is compensation: 434 employees received $53 million in compensation which equates to an average compensation of $122,000.

13 employees received more than $100,000 in compensation:

• $882,796:  Devana Cohen, Chief Investment Officer
• $731,594:  Mark Medin, EVP, FRD
• $616,383:  Irvin A Rosenthal, CFO
• $412,278:  Ellen R Zimmerman, Secretary, General Counsel, CCO
• $402,823:  Elliot Hasdan, Director, Investments
• $397,664:  Graham Cannon, Chief Marketing Officer
• $391,850:  Deborah Joselow, Chief Planning Officer
• $356,793:   Stuart Tauber, VP, Regions
• $346,940:  William Sammers, VP, Planned Giving and Endowments
• $344,837:  Eric S Goldstein, CEO
• $310,099:  Louisa Chafee, SVP
• $296,734:  Brittany Laroche, Director, Investments
• $284,960:  Courtney Weinstein, VP, Affinity

7 of the 13 (54%) most highly compensated employees are male while 6 of the 13 (46%) are female.

The most highly compensated employee was Devana Cohen, the Chief Investment Officer who received $882,796 in 2022. From 2017-2022 Devana Cohen received nearly $4 million in compensation:

• 2022:  $882,796
• 2021:  $887,126
• 2020:  $720,450
• 2019:  $382,424
• 2018:  $385,000
• 2017:  $354,000

Eric Goldstein, the CEO received $344,837 in compensation in 2022. From 2017-2022, Eric Goldstein received $6 million in compensation:

• 2022:  $  344,837
• 2021:  $1,892,571
• 2020:  $1,1119.241
• 2019:  $  860,881
• 2018:  $  884,000
• 2017:  $  782,000

44 independent contractors received more than $100,000 in compensation with the 5 most highly compensated reported to be:

• $6,805,811:  Consigli Construction Co, of Milford, MA for construction
• $5,890.151:  SJS Construction Co, of Bay Shore, NY for construction
• $1,095,499:  Zaskorski & Assoc Architects, of NY, NY for architectural services
• $  860,645  :  Zubatkin Owner Representation, of NY, NY for construction
• $  844,999:  Print Mail Communications, of Fredericksburg, VA for postage and mailing

To read the IRS Form 990 (2021 for the year ending June 30, 2022), click here.