Bramson Ort Technical Institute
- Assets
- $4.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Forest Hills, NY
- Founding
- 02/1981
- Data as of
- 06/2022
- EIN
- 13-3036302
Organization Overview
Bramson Ort Technical Institute is located in Forest Hills, NY. The organization was established in 1981. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Bramson Ort Technical Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bramson Ort Technical Institute 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, Bramson Ort Technical Institute generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $903.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (28.8%) per year over the past 7 years. 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 DEVELOP AND PROVIDE CURRICULUM FOR TEACHER TRAINING, PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION COURSES AND PROGRAMS. TO DEVELOP AND OFFER STEM/STEAM PROGRAMS TO UNDERSERVED SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND PROVIDE CURRICULUM FOR TEACHER TRAINING, PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION COURSES AND PROGRAMS. TO DEVELOP AND OFFER STEM/STEAM PROGRAMS TO UNDERSERVED SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kanani President | OfficerTrustee | 20 | $76,112 |
Kay Freeman Board Member | Trustee | 1 | $0 |
Daniel Afrahim Board Member | Trustee | 1 | $0 |
Jeffrey Mitzger Board Member | Trustee | 1 | $0 |
Ruth Goodgold Board Member | Trustee | 1 | $0 |
Louis Brause Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Ort Operations Inc Management | 6/29/15 | $399,490 |
Dougherty Clifford & Wadsworth Advertising | 6/29/15 | $366,687 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,563 |
| Total Program Service Revenue | $6,026 |
| Investment income | $12,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,868,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,970,456 |
| 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. | $76,112 |
| Compensation of current officers, directors, key employees. | $76,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $74,329 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $73,071 |
| 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 | $52,454 |
| Advertising and promotion | $0 |
| Office expenses | $6,316 |
| Information technology | $11,282 |
| Royalties | $0 |
| Occupancy | $30,822 |
| Travel | $760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,680 |
| Insurance | $23,399 |
| All other expenses | $0 |
| Total functional expenses | $903,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,042,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,606,307 |
| Total assets | $4,250,004 |
| Accounts payable and accrued expenses | $92,562 |
| 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 | $1,159,168 |
| Total liabilities | $1,251,730 |
| Net assets without donor restrictions | $2,448,787 |
| Net assets with donor restrictions | $549,487 |
| 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 | $4,250,004 |