Yeshiva Derech Chaim
- Assets
- $2.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 43
- Location
- Brooklyn, NY
- Founding
- 06/1976
- Data as of
- 06/2023
- 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 06/2023, Yeshiva Derech Chaim employed 43 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 06/2023, Yeshiva Derech Chaim generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.1m during the year ending 06/2023. While expenses have increased by 4.5% per year over the past 8 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
2023
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 |
|---|---|---|---|
Dr Yehuda Sorscher Chairman | OfficerTrustee | 15 | $0 |
Shamai Goldstein Director | Trustee | 1 | $0 |
Feive Katz Director | Trustee | 1 | $0 |
Yisroel Kramer Director | Trustee | 1 | $0 |
Ephraim Landsberg Director | Trustee | 1 | $0 |
Shimon Levi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $221,588 |
| Related organizations | $0 |
| Government grants | $72,587 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,033,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,327,770 |
| Total Program Service Revenue | $836,615 |
| Investment income | $7,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,182,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $397,718 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,820 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,519,057 |
| Pension plan accruals and contributions | $147,356 |
| Other employee benefits | $308,130 |
| Payroll taxes | $11,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,845 |
| Advertising and promotion | $101,299 |
| Office expenses | $150,582 |
| Information technology | $17,198 |
| Royalties | $0 |
| Occupancy | $82,964 |
| 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 | $36,269 |
| Insurance | $34,569 |
| All other expenses | $92,107 |
| Total functional expenses | $4,064,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,130,924 |
| Pledges and grants receivable | $731,764 |
| Accounts receivable, net | $122,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,602 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $467,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,780 |
| Total assets | $2,761,869 |
| Accounts payable and accrued expenses | $75,355 |
| 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 | $228,147 |
| Total liabilities | $303,502 |
| Net assets without donor restrictions | $2,458,367 |
| 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 | $2,761,869 |