Yeshivat Maharat Inc
- Assets
- $6.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Riverdale, NY
- Founding
- 11/2010
- Data as of
- 08/2021
- EIN
- 01-0954142
Organization Overview
Yeshivat Maharat Inc is located in Riverdale, NY. The organization was established in 2010. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2021, Yeshivat Maharat Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshivat Maharat Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Yeshivat Maharat Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.5m during the year ending 08/2021. While expenses have increased by 17.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, ORDAIN AND INVEST IN PASSIONATE AND COMMITTED ORTHODOX WOMEN WHO MODEL A DYNAMIC JUDAISM TO INSPIRE AND SUPPORT INDVIDUALS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YESHIVAT MAHARAT CURRICULUM IS PARTIALLY MODELED ON ORTHODOX ORDINATION PROGRAMS WITH THE GOAL OF PROVIDING STUDENTS THE NECESSARY SKILLS TO BE CONFIDENT SPIRITUAL LEADERS IN THE JEWISH COMMUNITY. UPON GRADUATION, THEY WILL BE EXPERTS IN JEWISH LAW, TALMUD, BIBLE, JEWISH THOUGHT AND WILL ALSO HAVE STRONG RHETORICAL FACILITY AND COUNSELING PROFICIENCY. IN ADDITION TO MASTERY OF TEXT AND ITS APPLICATION TO CONTEMPORARY SITUATIONS, STUDENTS WILL PARTICIPATE IN COURSES IN PASTORAL EDUCATION, PRACTICAL RABBINICS AND PROFESSIONAL DEVELOPMENT. THERE WILL ALSO BE SPECIAL PROGRAMS IN INTER-DENOMINATIONAL DIALOGUE, INTER-FAITH DIALOGUE AND INCLUSIVENESS OF MARGINALIZED GROUPS WITHIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Fox Program Director | Officer | 40 | $106,014 |
Sara Hurwitz President | Officer | 40 | $100,082 |
Amanda Shechter SVP Finance & Operations | Officer | 40 | $98,963 |
Alexandra Fox Board Member | Trustee | 5 | $0 |
Ariel Weiner Board Member | Trustee | 5 | $0 |
Abigail Tambor Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,700,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,896,331 |
| Total Program Service Revenue | $600 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $6,935 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,913,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $386,226 |
| Grants and other assistance to Foreign Orgs/Individuals | $123,819 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $520,373 |
| Compensation of current officers, directors, key employees. | $62,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $753,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,137 |
| Payroll taxes | $79,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,310 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,431 |
| Advertising and promotion | $5,303 |
| Office expenses | $30,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,562 |
| Travel | $16,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,705 |
| Insurance | $10,913 |
| All other expenses | $26,864 |
| Total functional expenses | $2,532,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,869,073 |
| Savings and temporary cash investments | $171,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,998,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,009 |
| Net Land, buildings, and equipment | $45,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,423 |
| Total assets | $6,390,529 |
| Accounts payable and accrued expenses | $57,260 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,260 |
| Net assets without donor restrictions | $2,886,001 |
| Net assets with donor restrictions | $3,447,268 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,390,529 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Yeshivat Maharat Inc has recieved totaling $495,941.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $258,931 |
Belz Foundation Memphis, TN PURPOSE: RELIGIOUS | $100,000 |
Belz Foundation Memphis, TN PURPOSE: RELIGIOUS | $100,000 |
Hadassah Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,510 |
Endowment Analysis
| Beg. Balance | $179,544 |
| Earnings | $4,055 |
| Grants | $12,000 |
| Ending Balance | $171,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |