Torah Ore Seminary
- Assets
- $918.7k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Boca Raton, FL
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 11-6039909
Organization Overview
Torah Ore Seminary is located in Boca Raton, FL. The organization was established in 1980. As of 12/2021, Torah Ore Seminary employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Ore Seminary 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 12/2021, Torah Ore Seminary generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
TO PROMOTE THE FURTHERANCE OF JEWISH RELIGIOUS AND RABBINIC EDUCATION ON A COLLEGE AND GRADUATE LEVEL IN ISRAEL AND TO INCREASE THE DISSEMINATION OF SCHOLARLY RESEARCH WORKS IN THE FIELDS OF TORAH, TALMUD AND HALACHA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST HIGH SCHOOL RABBINIC AND TALMUDIC EDUCATIONAL PROGRAM FOR AMERICAN STUDENTS STUDYING IN ISRAEL
PROVIDING FUNDING FOR FOREIGN AND DOMESTIC RABBINICAL COLLEGES.
SPONSOR OF TALMUDIC AND HALACHIC RESEARCH INCLUDING THE PUBLICATION OF VARIOUS TREATISES OF THESE AND RELATED SCHOLARLY TOPICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yitzchak Kessock Treasurer | Officer | 40 | $82,000 |
Rabbi Shalom Scheinberg Vice President | OfficerTrustee | 20 | $0 |
Rabbi Seymour Scheinberg President | OfficerTrustee | 20 | $0 |
Fivie Katz Secretary | Officer | 1 | $0 |
Jeffrey Martin Director | Trustee | 1 | $0 |
Meir Platnick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,426,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,454,448 |
| Total Program Service Revenue | $165,486 |
| Investment income | $1,295 |
| 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 | $2,621,229 |
| 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 | $794,470 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,627 |
| Compensation of current officers, directors, key employees. | $110,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,470 |
| Advertising and promotion | $18,973 |
| Office expenses | $79,339 |
| Information technology | $2,704 |
| Royalties | $0 |
| Occupancy | $330,560 |
| Travel | $11,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,059 |
| All other expenses | $0 |
| Total functional expenses | $2,336,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,592 |
| Savings and temporary cash investments | $222,679 |
| Pledges and grants receivable | $7,200 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $288,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,867 |
| Total assets | $918,735 |
| Accounts payable and accrued expenses | $0 |
| 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 | $105,995 |
| Other liabilities | $0 |
| Total liabilities | $105,995 |
| Net assets without donor restrictions | $812,740 |
| 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 | $918,735 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Torah Ore Seminary has recieved totaling $153,910.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $68,710 |
Comerica Charitable Tr Detroit, MI PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES | $31,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $28,500 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $18,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: RELIGIOUS | $7,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Torah Ore Seminary Boca Raton, FL | $918,735 | $2,621,229 |
University Of Fort Lauderdale Inc Fort Lauderdale, FL | $1,029,644 | $2,272,034 |
Andersonville Baptist Seminary Inc Camilla, GA | $978,423 | $1,014,334 |
Birmingham Theological Seminary Birmingham, AL | $845,426 | $757,824 |
Florida School Of Preaching Lakeland, FL | $1,032,419 | $575,463 |
Griffith Theological Research Foundation Inc Decatur, GA | $5,071,914 | $307,512 |
American University Of Biblical Studies Inc Douglasville, GA | $114,085 | $0 |
Logos University Inc Ocala, FL | $458,116 | $184,757 |
Florida Center For Theological Studies Inc West Palm Beach, FL | $46,913 | $0 |