American Friends Of Rabbinical College Of Telzstone Inc
- Assets
- $318.3k
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Lakewood, NJ
- Founding
- 05/1994
- Data as of
- 10/2020
- 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 10/2020, 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 10/2020, American Friends Of Rabbinical College Of Telzstone Inc generated $21.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $21.5m during the year ending 10/2020. While expenses have increased by 9.2% per year over the past 6 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 83 individual grants totaling $19,143,853. 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
2020
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 |
|---|---|---|---|
Sholom Sorotskin Director Of Development | Trustee | 40 | $105,325 |
Asher Beinish Secretary/treasurer | OfficerTrustee | 20 | $40,188 |
Yitshak Altman CEO | OfficerTrustee | 20 | $34,287 |
Leah Sorotzkin Director | Trustee | 6 | $9,000 |
Benjamin Sorotzkin President | OfficerTrustee | 0 | $0 |
Aaron Kagan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,147,383 |
| 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 | $21,147,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,913,806 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $586,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,741 |
| Office expenses | $35,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,000 |
| Travel | $348,683 |
| 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 | $1,538 |
| Insurance | $6,589 |
| All other expenses | $0 |
| Total functional expenses | $21,541,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,489 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,260 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $318,260 |
Grants Awarded
Over the last fiscal year, American Friends Of Rabbinical College Of Telzstone Inc has awarded $3,653,330 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $1,400,000 |
Brooklyn, NY PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $841,500 |
Brooklyn, NY PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $306,000 |
Brooklyn, NY PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $240,000 |
SHAAREI ZION INSTITUTIONS INC PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $166,665 |
Brooklyn, NY PURPOSE: TO SUPPORT RELIGIOUS EDUCATION | $115,100 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Friends Of Rabbinical College Of Telzstone Inc has recieved totaling $2,089,220.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $2,037,620 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,600 |
The Albert B & Audrey G Ratner Family Foundation Shaker Heights, OH PURPOSE: ANNUAL FUND | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster Bible College Lancaster, PA | $92,955,102 | $48,014,815 |
American Friends Of Rabbinical College Of Telzstone Inc Lakewood, NJ | $318,260 | $21,147,383 |
Friends Of Mosdot Goor Inc Brooklyn, NY | $1,038,299 | $11,536,535 |
Rabbinical College Of America Morristown, NJ | $17,682,831 | $8,764,969 |
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 | $1,601,557 | $4,913,878 |
Association For Jewish Studies Inc New York, NY | $2,749,945 | $1,295,514 |
Yeshivas Bais Mordechai Of Teaneck Inc Teaneck, NJ | $1,013,053 | $1,259,759 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $53,047 | $754,208 |
Hadar Hatorah Inc Brooklyn, NY | $539,240 | $752,352 |
Associates For Biblical Research Akron, PA | $750,222 | $744,598 |
Dialogue Institute Philadelphia, PA | $464,596 | $151,581 |