Bais Medrash Mayan Hatorah Inc
- Assets
- $3.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Lakewood, NJ
- Founding
- 01/2008
- Data as of
- 08/2023
- EIN
- 20-2925281
Organization Overview
Bais Medrash Mayan Hatorah Inc is located in Lakewood, NJ. The organization was established in 2008. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Bais Medrash Mayan Hatorah Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bais Medrash Mayan Hatorah 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 08/2023, Bais Medrash Mayan Hatorah Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2023. 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 RELIGIOUS EDUCATION TO OUR STUDENTS IN THE TRADITION OF THE ORTHODOX JEWISH FAITH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RELIGIOUS EDUCATION TO OUR STUDENTS IN THE TRADITION OF THE ORTHODOX JEWISH FAITH. THE STUDENT BODY CURRENTLY CONSISTS OF APPROXIMATELY 60 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zvi Berger Trustee | Trustee | 2 | $0 |
Alvin Berger Trustee | Trustee | 5 | $0 |
Shmuel Gewirtzman Trustee | Trustee | 1 | $0 |
Yosef Kotler Trustee | Trustee | 1 | $0 |
David Blau Trustee | Trustee | 1 | $0 |
Abraham Newman Dean | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $747,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,488 |
| Total Program Service Revenue | $456,867 |
| 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 | $1,280,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,383 |
| Grants and other assistance to domestic individuals. | $157,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,975 |
| Payroll taxes | $31,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,832 |
| Advertising and promotion | $45,089 |
| Office expenses | $27,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,633 |
| Travel | $15,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,360 |
| Insurance | $4,116 |
| All other expenses | $34,537 |
| Total functional expenses | $1,582,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,635 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $148,409 |
| Accounts receivable, net | $40,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,587 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,480,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $705,152 |
| Total assets | $3,580,885 |
| Accounts payable and accrued expenses | $73,681 |
| Grants payable | $0 |
| Deferred revenue | $8,302 |
| 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 | $646,554 |
| Other liabilities | $425,942 |
| Total liabilities | $1,154,479 |
| Net assets without donor restrictions | $2,426,406 |
| 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 | $3,580,885 |
Grants Awarded
Over the last fiscal year, Bais Medrash Mayan Hatorah Inc has awarded $15,491 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONG CHASDEI LEV PURPOSE: SUPPORT OF LOCAL ORGANIZATION | $10,491 |
BAIS TOVA PURPOSE: SUPPORT OF LOCAL EDUCATIONAL INSTITUTION | $5,000 |