Bnos Malka Academy
- Assets
- $13.6m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 119
- Location
- Forest Hills, NY
- Founding
- 09/1997
- Data as of
- 07/2023
- 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 07/2023, Bnos Malka Academy employed 119 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 07/2023, Bnos Malka Academy generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.8m during the year ending 07/2023. While expenses have increased by 5.9% 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Barth Director | Trustee | 1 | $0 |
Abba Cohen Director | Trustee | 1 | $0 |
Dr Elie Fried Director | Trustee | 1 | $0 |
Aaron Itzkowitz Director | Trustee | 1 | $0 |
Adeena Penner Director | Trustee | 1 | $0 |
Rabbi Dovid Plotkin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,973,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,245,485 |
| Total Program Service Revenue | $4,711,443 |
| Investment income | $21,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,595 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,420 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,093,896 |
| 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. | $285,638 |
| Compensation of current officers, directors, key employees. | $183,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,615,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $231,906 |
| 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 | $201,056 |
| Advertising and promotion | $26,270 |
| Office expenses | $41,867 |
| Information technology | $16,203 |
| Royalties | $0 |
| Occupancy | $709,735 |
| 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 | $72,701 |
| Insurance | $47,781 |
| All other expenses | $113,379 |
| Total functional expenses | $6,826,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,209,296 |
| Savings and temporary cash investments | $17,961 |
| Pledges and grants receivable | $103,602 |
| Accounts receivable, net | $415,089 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,754 |
| Net Land, buildings, and equipment | $760,158 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,056,310 |
| Total assets | $13,620,170 |
| Accounts payable and accrued expenses | $282,075 |
| Grants payable | $0 |
| Deferred revenue | $252,784 |
| 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 | $11,326,716 |
| Total liabilities | $11,861,575 |
| Net assets without donor restrictions | $1,758,595 |
| 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 | $13,620,170 |