Sephardic Center For Rabbinical And Secular Studies Inc
- Assets
- $75.5k
- Revenue
- $1.4m
- Investments
- $32.2k
- Employees
- 20
- Location
- Rahway, NJ
- Founding
- 07/1999
- Data as of
- 12/2020
- EIN
- 13-4062240
Organization Overview
Sephardic Center For Rabbinical And Secular Studies Inc is located in Rahway, NJ. The organization was established in 1999. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Sephardic Center For Rabbinical And Secular Studies Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sephardic Center For Rabbinical And Secular Studies 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 12/2020, Sephardic Center For Rabbinical And Secular Studies Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES TAUGHT IN JUDAIC AND TALMUDIC STUDIES TO BOTH MEN AND WOMEN. IN ADDITION, MEN CAN COMPLETE A CURRICULUM FOR ORDINATION TO BECOME A RABBI IN COMMUNITY SYNAGOGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ezra S Ashkenazi Chairman/director | OfficerTrustee | 2 | $0 |
Mike Tawil President/director | OfficerTrustee | 1 | $0 |
Aimee Bailey President/director | OfficerTrustee | 1 | $0 |
Yvette Hidary President/director | OfficerTrustee | 1 | $0 |
David J Beyda Vice President/director | OfficerTrustee | 1 | $0 |
Alberto Sutton Treasurer/director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,235,760 |
| Investment income | $2,653 |
| 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 | $1,380,918 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,173 |
| Payroll taxes | $157,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,854 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $39,350 |
| All other expenses | $0 |
| Total functional expenses | $1,372,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,733 |
| 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 | $4,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,218 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,451 |
| 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 | $131,000 |
| Other liabilities | $0 |
| Total liabilities | $131,000 |
| 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 | -$55,549 |
| Total liabilities and net assets/fund balances | -$55,549 |
Grants Awarded
Over the last fiscal year, Sephardic Center For Rabbinical And Secular Studies Inc has awarded $66,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT. | $38,500 |
AMERICAN FRIENDS OF ESHEL INC PURPOSE: GENERAL SUPPORT. | $21,500 |
Inwood, NY PURPOSE: GENERAL SUPPORT. | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sephardic Center For Rabbinical And Secular Studies Inc has recieved totaling $455,661.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $420,961 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $17,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $17,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |
Keren Hashviis Inc Lakewood, NJ | $9,961,423 | $20,140,768 |
Yeshiva Har Torah Little Neck, NY | $25,134,621 | $10,742,196 |