Bnos Malka Academy
- Assets
- $14.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 106
- Location
- Forest Hills, NY
- Founding
- 09/1997
- Data as of
- 07/2021
- EIN
- 11-3331303
Organization Overview
Bnos Malka Academy is located in Forest Hills, NY. The organization was established in 1997. 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 07/2021, Bnos Malka Academy employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bnos Malka Academy 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 07/2021, Bnos Malka Academy generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $5.9m during the year ending 07/2021. While expenses have increased by 5.3% 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
THE MISSION OF BNOS MALKA ACADEMY FOR GIRLS IS TO PROVIDE A HIGH QUALITY EDUCATION IN BOTH RELIGIOUS AND SECULAR STUDIES.THE SCHOOL IS COMMITTED TO MAINTAINING A DEVELOPMENTALLY SUPERIOR PROGRAM IN AN ATMOSHPERE OF HIGH PERSONAL STANDARDS, MODESTY AND ETHICS WHICH PROMOTES THE PHYSICAL, SOCIAL, EMOTIONAL AND COGNITIVE DEVELOPMENT OF YOUNG CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BNOS MALKA ACADEMY'S FULL PRIMARY SCHOOL CURRICULUM OF RELIGIOUS AND SECULAR EDUCATION TO AN ALL-GIRLS STUDENT BODY FOR GRADES K THROUGH 8.
DISTRIBUTION OF LUNCH MEALS DURING THE COVID-19 PANDEMIC, FUNDED BY FEDERAL AND STATE LUNCH PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Michael Weichselbaum Principal | 40 | $140,796 | |
Michael Salzbank Executive Director | 40 | $136,569 | |
David Berger President | Officer | 5 | $0 |
Mendy Englard Treasurer | Officer | 5 | $0 |
Dr Audrey Davidowitz Secretary | Officer | 1 | $0 |
Abba Cohen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,030,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,221,497 |
| Total Program Service Revenue | $3,490,162 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,050 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,818,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,365 |
| Compensation of current officers, directors, key employees. | $177,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,989,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,528 |
| Payroll taxes | $217,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $70,090 |
| Advertising and promotion | $27,328 |
| Office expenses | $27,771 |
| Information technology | $22,910 |
| Royalties | $0 |
| Occupancy | $434,553 |
| 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 | $30,740 |
| Insurance | $32,127 |
| All other expenses | $87,618 |
| Total functional expenses | $5,876,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,328,767 |
| Savings and temporary cash investments | $1,727 |
| Pledges and grants receivable | $628,520 |
| Accounts receivable, net | $285,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,531 |
| Net Land, buildings, and equipment | $412,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,027,560 |
| Total assets | $14,718,997 |
| Accounts payable and accrued expenses | $266,789 |
| Grants payable | $0 |
| Deferred revenue | $576,634 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $36,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,601,633 |
| Total liabilities | $13,481,056 |
| Net assets without donor restrictions | $1,237,941 |
| 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 | $14,718,997 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bnos Malka Academy has recieved totaling $48,141.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $20,716 |
Mindel Foundation Tr Flushing, NY PURPOSE: CHARITABLE | $13,585 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Our Jewish Children Inc Flushing, NY PURPOSE: EDUCATION - TUITION SUPPLEMENT | $2,306 |
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |