American Friends Of Rabbinical College Of Telzstone Inc
- Assets
- $3.5m
- Revenue
- $46.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Lakewood, NJ
- Founding
- 05/1994
- Data as of
- 10/2023
- EIN
- 13-3503955
Organization Overview
American Friends Of Rabbinical College Of Telzstone Inc is located in Lakewood, NJ. The organization was established in 1994. As of 10/2023, American Friends Of Rabbinical College Of Telzstone Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Rabbinical College Of Telzstone Inc 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 10/2023, American Friends Of Rabbinical College Of Telzstone Inc generated $46.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $45.6m during the year ending 10/2023. While expenses have increased by 17.3% 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.
Since 2015, American Friends Of Rabbinical College Of Telzstone Inc has awarded 170 individual grants totaling $43,879,552. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RELIGIOUS EDUCATIONAL INSTITUTES IN THE US AND ABROAD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF FINANCIAL SUPPORT TO RELIGIOUS EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Kagan Director | Trustee | 0 | $0 |
Asher Beinish Secretary/treasurer | OfficerTrustee | 20 | $148,164 |
Benjamin Sorotzkin President | OfficerTrustee | 0 | $0 |
Blumie Beinish Director | Trustee | 0 | $0 |
Leah Sorotzkin Director | Trustee | 6 | $9,000 |
Sholom Sorotskin Director Of Development | Trustee | 40 | $117,024 |
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 | $46,841,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,841,504 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $46,841,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,114,610 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $34,070,143 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,322 |
| Compensation of current officers, directors, key employees. | $311,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,685 |
| Office expenses | $12,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,982 |
| Travel | $725,714 |
| 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 | $15,101 |
| Insurance | $13,854 |
| All other expenses | $504,559 |
| Total functional expenses | $45,587,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,874,957 |
| 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 | $1,639,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,514,673 |
| 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 | $779,909 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $438,529 |
| Total liabilities | $1,218,438 |
| Net assets without donor restrictions | $0 |
| 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 | $2,296,235 |
| Total liabilities and net assets/fund balances | $3,514,673 |
Grants Awarded
Over the last fiscal year, American Friends Of Rabbinical College Of Telzstone Inc has awarded $7,114,610 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
SHAARE YOSHER YESHIVA INC PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $186,000 |
CONG AHAVAS TZDOKAH VCHESED INC PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $67,800 |
AHAVAT YISROEL HUMANITY PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $320,000 |
FRIENDS OF MOSDOS GOOR PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $22,500 |
DIASPORA YESHIVA TORAS YISRAEL PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $259,250 |
CONG KHAL TZEMACH TZADIK PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $111,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster Bible College Lancaster, PA | $90,435,550 | $46,492,602 |
American Friends Of Rabbinical College Of Telzstone Inc Lakewood, NJ | $3,514,673 | $46,841,504 |
Friends Of Mosdot Goor Inc Brooklyn, NY | $397,489 | $20,079,863 |
Rabbinical College Of America Morristown, NJ | $20,179,294 | $11,783,839 |
Talmudic Research Center Of Northern New Jersey Passaic, NJ | $6,255,764 | $5,201,190 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,587,324 | $4,218,917 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $42,452 | $1,847,908 |
Yeshivas Bais Mordechai Of Teaneck Inc Teaneck, NJ | $1,442,958 | $1,666,144 |
Association For Jewish Studies Inc New York, NY | $3,136,491 | $1,390,091 |
Hadar Hatorah Inc Brooklyn, NY | $818,040 | $673,454 |
Associates For Biblical Research Akron, PA | $750,222 | $744,598 |
Dialogue Institute Philadelphia, PA | $396,158 | $449,945 |
Shaar Hatalmud Institute Brooklyn, NY | $1,519,376 | $120,573 |
Interweave Inc Summit, NJ | $12,668 | $70,342 |