Kollel Of Greater Boston Inc
- Assets
- $6.8m
- Revenue
- $1.2m
- Investments
- $638.9k
- Employees
- 4
- Location
- Brighton, MA
- Founding
- 06/1988
- Data as of
- 06/2022
- EIN
- 04-2932859
Organization Overview
Kollel Of Greater Boston Inc is located in Brighton, MA. The organization was established in 1988. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Kollel Of Greater Boston Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kollel Of Greater Boston 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 06/2022, Kollel Of Greater Boston Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCED JEWISH EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FORMED TO OPERATE AN INSTITUTION FOR THE FURTHERANCE OF JEWISH EDUCATION TO MEN AND WOMEN OF ALL AGES, BUT PRIMARILY POST-HIGH SCHOOL AGE. IT OPERATED WITH EIGHT FULL-TIME RABBIS-IN-TRAINING AND TWO DEANS, OFFERING FREE CLASSES AND LECTURES TO THE PUBLIC BOTH ON-SITE AND AT VARIOUS LOCATIONS IN THE GREATER BOSTON AREA, AS WELL AS SELF-STUDY FACILITIES ON AN ON-GOING BASIS.
THE ORGANIZATION PROVIDED LIMITED INDIVIDUAL ASSISTANCE FOR LOW-INCOME PEOPLE AS WELL AS GRANTS TO LIKE-MINDED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cohen Director | Trustee | $0 | |
Eli Dovek Pres/direct | OfficerTrustee | $0 | |
Naftali Horowitz Director | Trustee | $0 | |
Heshy Marcus Director | Trustee | $0 | |
Isaac V Perle Cler/direct | OfficerTrustee | $0 | |
David Rosengard Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $606,498 |
| Related organizations | $0 |
| Government grants | $139,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $621,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,367,777 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$73,596 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$60,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,233,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $583,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,826 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,008 |
| Compensation of current officers, directors, key employees. | $17,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,709 |
| Payroll taxes | $12,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $980 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,440 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,806 |
| 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 | $73,888 |
| Insurance | $5,742 |
| All other expenses | $37,107 |
| Total functional expenses | $1,029,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $35,490 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,107 |
| Net Land, buildings, and equipment | $5,814,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $638,879 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,093 |
| Total assets | $6,812,782 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,112,993 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,699 |
| Total liabilities | $3,115,692 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,697,090 |
| Total liabilities and net assets/fund balances | $6,812,782 |