Solomon Schechter Academy Of New London County
- Assets
- $75.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 11
- Location
- Norwich, CT
- Founding
- 08/1979
- Data as of
- 07/2023
- EIN
- 06-0904868
Organization Overview
Solomon Schechter Academy Of New London County is located in Norwich, CT. The organization was established in 1979. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Solomon Schechter Academy Of New London County employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solomon Schechter Academy Of New London County 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 07/2023, Solomon Schechter Academy Of New London County generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (42.9%) each year. All expenses for the organization totaled $117.4k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS DECIDED TO CLOSE DUE TO A SIGNIFICANT DECLINE IN ENROLLMENT AND FUNDING. AS PART OF THE CLOSURE, THE ORGANIZATION IS DISTRIBUTING ITS REMAINING ENDOWMENT FUNDS TO ORGANIZATIONS, PRIMARILY IN SOUTHEASTERN CONNECTICUT, THAT PROMOTE JEWISH LEARNING AND EDUCATION. THE JEWISH FEDERATION OF EASTERN CONNECTICUT (JFEC), A 501(C)(3) ORGANIZATION, HAS BEEN IDENTIFIED AS AN ORGANIZATION WHOSE ACTIVITIES, IN PART, SATISFY THIS CRITERION. THIS DISTRIBUTION ENSURES THAT THE FUNDS WILL CONTINUE TO SUPPORT EDUCATIONAL PURPOSES IN LINE WITH THE ORIGINAL INTENT OF THE ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Frommer President | 1 | $0 | |
Perry Susskind Treasurer | 1 | $0 | |
Eric Levine Vp/sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,675 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,675 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $654 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $81 |
| Total expenses | $117,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,519 |
| Other assets | $0 |
| Total assets | $75,519 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,519 |