Cheder Chabad-Monsey
- Assets
- $3.5m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 171
- Location
- Monsey, NY
- Founding
- 07/2001
- Data as of
- 07/2023
- EIN
- 13-4073308
Organization Overview
Cheder Chabad-Monsey is located in Monsey, NY. The organization was established in 2001. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Cheder Chabad-Monsey employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cheder Chabad-Monsey 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 07/2023, Cheder Chabad-Monsey generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $9.8m during the year ending 07/2023. While expenses have increased by 12.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY JEWISH RELIGIOUS AND SECULAR EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BOTH RELIGIOUS AND SECULAR SCHOOLING FOR 256 CHILDREN ACCORDING TO THE PHILOSOHY OF CHABAD LUBAVITCH CHASIDUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dovid Brawer Executive Director | 40 | $160,000 | |
Shaya Setton Trustee | Trustee | 5 | $0 |
Avraham Hayman President | Trustee | 5 | $0 |
Mordecai Yossi Light Treasurer | OfficerTrustee | 5 | $0 |
Yossi Solomon Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $961,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,278,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,239,683 |
| Total Program Service Revenue | $6,558,699 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,517 |
| 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 | $9,820,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,065,485 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,886,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,695,498 |
| Payroll taxes | $249,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,249 |
| Advertising and promotion | $3,888 |
| Office expenses | $243,637 |
| Information technology | $36,964 |
| Royalties | $0 |
| Occupancy | $818,616 |
| Travel | $39,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,958 |
| Insurance | $29,470 |
| All other expenses | $184,409 |
| Total functional expenses | $9,841,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,913,196 |
| Accounts receivable, net | $437,205 |
| 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 | $1,115,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,502 |
| Total assets | $3,473,345 |
| Accounts payable and accrued expenses | $344,256 |
| Grants payable | $0 |
| Deferred revenue | $218,311 |
| 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 | $1,999,862 |
| Unsecured mortgages and notes payable | $421,800 |
| Other liabilities | $381,777 |
| Total liabilities | $3,366,006 |
| Net assets without donor restrictions | $107,339 |
| 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 | $3,473,345 |