Bnos Melech Of Lakewood Inc
- Assets
- $21.4m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 268
- Location
- Lakewood, NJ
- Founding
- 04/2005
- Data as of
- 06/2022
- EIN
- 20-0701009
Organization Overview
Bnos Melech Of Lakewood Inc is located in Lakewood, NJ. The organization was established in 2005. 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 06/2022, Bnos Melech Of Lakewood Inc employed 268 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bnos Melech Of Lakewood 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 06/2022, Bnos Melech Of Lakewood Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 12.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL-OPERATION OF PRIVATE GIRLS' ELEMENTARY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF RELIGIOUS AND SECULAR EDUCATION FOR ELEMENTARY SCHOOL AGE GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zav Hess President | OfficerTrustee | 50 | $236,925 |
Chaya Rachel Hess Principal | 50 | $151,565 | |
Kreindy Sorotzkin Principal | 50 | $105,400 | |
Avrohom B Auerbach Secretary | Trustee | 1 | $0 |
Eli Rosen Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baron Builders Builders | 6/29/22 | $1,057,780 |
Atlantic Site Construction Construction | 6/29/22 | $876,327 |
Perfect Concrete Construction Construction | 6/29/22 | $578,257 |
Jdl Cleaning Service Cleaning Servic | 6/29/22 | $453,650 |
B&r Heating And Cooling Heating & Cooli | 6/29/22 | $350,000 |
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 | $1,226,210 |
| Noncash contributions included in lines 1a–1f | $319,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,210 |
| Total Program Service Revenue | $9,745,092 |
| Investment income | $125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,000 |
| 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 | $11,141,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,490 |
| 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 | $4,576,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $770,050 |
| Payroll taxes | $364,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,486 |
| Advertising and promotion | $18,344 |
| Office expenses | $38,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,763 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $270,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,939 |
| Insurance | $100,037 |
| All other expenses | $392,318 |
| Total functional expenses | $9,941,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,844,930 |
| Savings and temporary cash investments | $759,009 |
| Pledges and grants receivable | $403,145 |
| Accounts receivable, net | $1,683,345 |
| 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 | $16,285,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $134,220 |
| Other assets | $333,227 |
| Total assets | $21,442,880 |
| Accounts payable and accrued expenses | $1,341,235 |
| 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 | $530,408 |
| Secured mortgages and notes payable | $12,834,011 |
| Unsecured mortgages and notes payable | $84,484 |
| Other liabilities | $255,077 |
| Total liabilities | $15,045,215 |
| Net assets without donor restrictions | $6,397,665 |
| 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 | $21,442,880 |
Grants Awarded
Over the last fiscal year, Bnos Melech Of Lakewood Inc has awarded $45,240 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESED OF LAKEWOOD | | | $7,000 |
GATES OF MERCY | | | $38,240 |