Yeshivat Ohel Torah
- Assets
- $8.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Brooklyn, NY
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 11-3335344
Organization Overview
Yeshivat Ohel Torah is located in Brooklyn, NY. The organization was established in 1997. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Yeshivat Ohel Torah employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshivat Ohel Torah 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, Yeshivat Ohel Torah generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $3.2m 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 A SCHOOL FOR HEBREW RELIGIOUS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION CONDUCTS A RELIGIOUS SCHOOL PROVIDING RELIGIOUS AND SECULAR EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Cohen Trustee | Trustee | 1 | $0 |
David Cohen Trustee & Dean | OfficerTrustee | 40 | $39,062 |
Daniel Chrem Trustee | Trustee | 1 | $0 |
Meir Ben Abu Trustee | Trustee | 1 | $0 |
Yosef Haim Terebelo Trustee | Trustee | 1 | $0 |
Joseph Cohen Officer | Officer | 40 | $55,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,097,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,394,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,491,136 |
| Total Program Service Revenue | $1,426,217 |
| Investment income | $14,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,932,089 |
| 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. | $231,915 |
| Compensation of current officers, directors, key employees. | $83,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $924,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $254,530 |
| Payroll taxes | $77,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,670 |
| Advertising and promotion | $19,257 |
| Office expenses | $14,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,495 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,230 |
| Insurance | $29,105 |
| All other expenses | $243,774 |
| Total functional expenses | $3,204,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,345,116 |
| Savings and temporary cash investments | $281,900 |
| Pledges and grants receivable | $488,906 |
| Accounts receivable, net | $188,676 |
| 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 | $58,322 |
| Net Land, buildings, and equipment | $5,684,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,047,662 |
| Accounts payable and accrued expenses | $285,812 |
| Grants payable | $0 |
| Deferred revenue | $25,150 |
| 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 | $2,000,000 |
| Total liabilities | $2,310,962 |
| Net assets without donor restrictions | $5,336,700 |
| Net assets with donor restrictions | $400,000 |
| 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 | $8,047,662 |