Yeshivat Chovevei Torah Rabbinical School Ltd
- Assets
- $5.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Riverdale, NY
- Founding
- 05/2001
- Data as of
- 08/2021
- EIN
- 13-4159739
Organization Overview
Yeshivat Chovevei Torah Rabbinical School Ltd is located in Riverdale, NY. The organization was established in 2001. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2021, Yeshivat Chovevei Torah Rabbinical School Ltd employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshivat Chovevei Torah Rabbinical School Ltd 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 08/2021, Yeshivat Chovevei Torah Rabbinical School Ltd generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.3m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YESHIVAT CHOVEVEI TORAH (YCT) RABBINICAL SCHOOL IS A FOUR YEAR FULL TIME PROGRAM. STUDENTS ARE OFFERED A CORE CURRICULUM OF TRADITIONAL JEWISH SUBJECTS AS WELL AS IMPORTANT CLASSES ON LEADERSHIP AND PASTORAL COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YESHIVAT CHOVEVEI TORAH (YCT) RABBINICAL SCHOOL IS A FOUR YEAR FULL TIME PROGRAM. STUDENTS ARE OFFERED A CORE CURRICULUM OF TRADITIONAL JEWISH SUBJECTS AS WELL AS IMPORTANT CLASSES ON LEADERSHIP AND PASTORAL COUNSELING.
OUTREACH TO THE GENERAL COMMUNITY THROUGH LECTURES, COMMUNITY INVOLVEMENT AND EDUCATION.
PROGRAMS FOCUSED ON ALUMNI SUPPORT AND EDUCATION.
YESHIVAT CHOVEVEI TORAH (YCT) RABBINICAL SCHOOL IS A FOUR YEAR FULL TIME PROGRAM. STUDENTS ARE OFFERED A CORE CURRICULUM OF TRADITIONAL JEWISH SUBJECTS AS WELL AS IMPORTANT CLASSES ON LEADERSHIP AND PASTORAL COUNSELING.
OUTREACH TO THE GENERAL COMMUNITY THROUGH LECTURES, COMMUNITY INVOLVEMENT AND EDUCATION.
PROGRAMS FOCUSED ON ALUMNI SUPPORT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Avi Weiss Founding President | 30 | $100,000 | |
Rella Feldman Trustee | Trustee | 1 | $0 |
Hillel Jaffe Treasurer | Trustee | 1 | $0 |
Benjamin Belfer Trustee | Trustee | 1 | $0 |
Dr Kenneth Prager Chair | Trustee | 1 | $0 |
Ari Hait Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $210,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,725,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,935,675 |
| Total Program Service Revenue | $983 |
| Investment income | $202,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,182,553 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,038,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $222,888 |
| Payroll taxes | $62,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $62,983 |
| Advertising and promotion | $93,505 |
| Office expenses | $32,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,654 |
| Travel | $1,674 |
| 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 | $2,052 |
| Insurance | $12,937 |
| All other expenses | $94,747 |
| Total functional expenses | $2,325,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,566,188 |
| Savings and temporary cash investments | $1,388,995 |
| Pledges and grants receivable | $1,391,725 |
| 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 | $3,710 |
| Net Land, buildings, and equipment | $1,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,019 |
| Other assets | $0 |
| Total assets | $5,358,153 |
| Accounts payable and accrued expenses | $47,982 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $347,982 |
| Net assets without donor restrictions | $2,907,191 |
| Net assets with donor restrictions | $2,102,980 |
| 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 | $5,358,153 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Yeshivat Chovevei Torah Rabbinical School Ltd has recieved totaling $1,051,395.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $565,920 |
Shimon Ben Joseph Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
Israel Henry Beren Charitable Foundation Inc Wichita, KS PURPOSE: GENERAL | $100,000 |
Harjen Charitable Foundation New York, NY PURPOSE: GENERAL CONTRIBUTION | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Shimon Ben Joseph Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |