Yeshiva Derech Chaim
- Assets
- $2.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Brooklyn, NY
- Founding
- 06/1976
- Data as of
- 06/2022
- EIN
- 11-2357063
Organization Overview
Yeshiva Derech Chaim is located in Brooklyn, NY. The organization was established in 1976. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Yeshiva Derech Chaim employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Derech Chaim 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, Yeshiva Derech Chaim generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 5.1% 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
TO CONDUCT AN ADVANCED RABBINICAL SEMINARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION CONDUCTS AN UNDERGRADUATE, GRADUATE AND POST-GRADUATE RABBINICAL SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 145 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Plutchok Vice Pres & Dean | OfficerTrustee | 40 | $59,800 |
Reuven Rennert Officer | OfficerTrustee | 40 | $49,434 |
Rabbi Chaim Rennert Administrator | OfficerTrustee | 40 | $37,020 |
K Sholom Plutchok Officer | OfficerTrustee | 40 | $27,300 |
Dr Yehuda Sorscher Chairman | OfficerTrustee | 15 | $0 |
Feive Katz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $173,074 |
| Related organizations | $0 |
| Government grants | $53,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,421,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,648,308 |
| Total Program Service Revenue | $847,379 |
| Investment income | $497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$109,766 |
| Net Income from Fundraising Events | $10,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,396,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $394,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,216 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $937,888 |
| Pension plan accruals and contributions | $143,884 |
| Other employee benefits | $826,605 |
| Payroll taxes | $11,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,600 |
| Advertising and promotion | $77,656 |
| Office expenses | $135,821 |
| Information technology | $12,241 |
| Royalties | $0 |
| Occupancy | $64,132 |
| Travel | $0 |
| 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 | $45,025 |
| Insurance | $37,822 |
| All other expenses | $85,208 |
| Total functional expenses | $4,045,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,284,740 |
| Pledges and grants receivable | $547,510 |
| Accounts receivable, net | $130,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,655 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $503,824 |
| Investments—publicly traded securities | $25 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,780 |
| Total assets | $2,751,947 |
| Accounts payable and accrued expenses | $87,871 |
| Grants payable | $0 |
| Deferred revenue | $2,400 |
| 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 | $233,333 |
| Total liabilities | $323,604 |
| Net assets without donor restrictions | $2,428,343 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,751,947 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Yeshiva Derech Chaim has recieved totaling $39,479.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,150 |
Tzedakah V Chesed Inc Flushing, NY PURPOSE: CHARITABLE | $10,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $9,600 |
The Samuel S Adelaberg Foundation Inc Great Neck, NY PURPOSE: JEWISH INSTITUTION SCHOLARSHIP GRANTS | $5,000 |
Lowinger Family Foundation Edison, NJ PURPOSE: CHARITABLE | $1,000 |
Safdeye Brothers Foundation New York, NY PURPOSE: CHARITABLE CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Architectural College Boston, MA | $43,735,977 | $21,122,754 |
Rabbi Isaac Elchanan Theological Seminary New York, NY | $154,914,739 | $24,312,479 |
Webb Institute Glen Cove, NY | $108,979,783 | $22,554,419 |
Clark Summit University Clarks Summit, PA | $12,253,431 | $11,847,715 |
Rosedale Technical College Pittsburgh, PA | $9,955,350 | $10,972,229 |
Sackler School Of Medicine New York, NY | $3,810,351 | $9,320,787 |
New York Academy Of Art New York, NY | $18,557,370 | $9,146,405 |
Auburn Theological Seminary New York, NY | $28,146,377 | $5,237,023 |
Hartford International University For Religion And Peace Hartford, CT | $70,630,501 | $3,322,795 |
Massachusetts School Of Law At Andover Andover, MA | $10,679,528 | $4,847,415 |
New York Theological Seminary New York, NY | $2,378,321 | $4,439,036 |
Yeshiva Derech Chaim Brooklyn, NY | $2,751,947 | $4,396,697 |