Passaic Hebrew Institute
- Assets
- $12.0m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 230
- Location
- Passaic, NJ
- Founding
- 10/1943
- Data as of
- 08/2023
- EIN
- 22-1659600
Organization Overview
Passaic Hebrew Institute, operating under the name YBH Hillel, is located in Passaic, NJ. The organization was established in 1943. 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 08/2023, YBH Hillel employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YBH Hillel 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, YBH Hillel generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $10.5m during the year ending 08/2023. While expenses have increased by 6.9% 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
YBH OF PASSAIC, A K-8 YESHIVA IN PASSAIC, NEW JERSEY, EMPHASIZES THE PRIMACY OF TORAH AND YIRAS SHOMAYIM AND OFFERS A SERIOUS AND COMPREHENSIVE GENERAL STUDIES CURRICULUM. YBH STRESSES THE IMPORTANCE OF MIDDOS TOVOS AND ACTING WITH HUMANITY AND SINCERITY IN EVERY ASPECT OF ONE'S LIFE, AND BELIEVES IN THE CENTRALITY OF ERETZ YISROEL FOR EVERY TORAH JEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YBH OF PASSAIC, A K-8 YESHIVA IN PASSAIC, NEW JERSEY, EMPHASIZES THE PRIMACY OF TORAH AND YIRAS SHOMAYIM AND OFFERS A SERIOUS AND COMPREHENSIVE GENERAL STUDIES CURRICULUM. YBH STRESSES THE IMPORTANCE OF MIDDOS TOVOS AND ACTING WITH HUMANITY AND SINCERITY IN EVERY ASPECT OF ONE'S LIFE, AND BELIEVES IN THE CENTRALITY OF ERETZ YISROEL FOR EVERY TORAH JEW. YBH'S INCOMPARABLE PROFESSIONAL STAFF OF REBBEIM, MOROS, TEACHERS, AND ADMINISTRATION IS HEADED BY OUR MENAHEL, RABBI SHLOMO SCHWARTZ. RABBI SCHWARTZ IS KNOWN AS A PROACTIVE AND EFFECTIVE LEADER AND MECHANECH WHO RECOGNIZES THE IMPORTANCE OF BUILDING TRUSTING RELATIONSHIPS WITH ALL STAKEHOLDERS - FELLOW ADMINISTRATORS, FACULTY, PARENTS, AND MOST IMPORTANTLY, THE CHILDREN. RABBI SCHWARTZ IS COMPLEMENTED BY ASSOCIATE MENAHEL RABBI BINYOMIN PERLSTEIN, GENERAL STUDIES PRINCIPAL MRS. ADRIENNE SHLAGBAUM, LIMUDEI KODESH GIRLS DIVISION PRINCIPAL MRS. CHANA FRUMIT STERN, MIDDLE SCHOOL GENERAL STUDIES PRINCIPAL RABBI YAAKOV RABINOWITZ, AND EARLY CHILDHOOD DIRECTOR MRS. PERELE MENDLOWITZ. YBH IS PRIVILEGED TO HAVE TWO DISTINGUISHED ROSHEI YESHIVA, RAV HERSHEL SCHACHTER, SHLITA, AND RAV MORDECHAI WILLIG, SHLITA, WHO SERVE AS MOREI DERECH TO THE YESHIVA. RAV SCHACHTER AND RAV WILLIG GUIDE AND ADVISE THE YESHIVA REGARDING PISKEI HALACHA, HASHKAFA, AND OVERALL CHINUCH POLICY. THE YESHIVA IS HOUSED IN A NEW, STATE OF THE ART CAMPUS THAT FEATURES A LAVISH SETBACK FROM THE STREET, PROVIDING A SECURE AND PLEASANT LEARNING ENVIRONMENT. THE BOYS AND GIRLS DIVISIONS ARE HOUSED IN SEPARATE WINGS OF THE SPACIOUS FACILITY, WHICH ALSO INCLUDES A BEIS MEDRASH, LIBRARY, LABORATORY, LUNCHROOM/AUDITORIUM AND GYMNASIUM. FOR ADDITIONAL RECREATION THERE IS AN INDOOR PLAY AREA FOR THE PRE-SCHOOL, TWO OUTDOOR PLAY AREAS FOR OUR YOUNGER STUDENTS AND A BASKETBALL COURT FOR OUR OLDER STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Schwartz Principal | Officer | 40 | $180,000 |
Benjamin Perlstein Associate Principal | 40 | $147,000 | |
Mark Lewin Executive Director | 40 | $145,000 | |
Adrienne Shlagbaum Assistant Principal | 40 | $132,500 | |
Jacob Rabinowitz Assistant Principal | 40 | $115,000 | |
Michael Friedman Director Of Operations | 40 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $298,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,638,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,937,265 |
| Total Program Service Revenue | $8,324,344 |
| Investment income | $130,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,000 |
| 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 | $10,611,352 |
| 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. | $759,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,465,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $202,291 |
| Payroll taxes | $500,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,390 |
| Office expenses | $206,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $237,188 |
| Travel | $69,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $257,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,171 |
| Insurance | $107,161 |
| All other expenses | $469,556 |
| Total functional expenses | $10,532,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,411,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,904 |
| Accounts receivable, net | $586,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $149,449 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,683,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,021,383 |
| Total assets | $12,019,210 |
| Accounts payable and accrued expenses | $175,278 |
| Grants payable | $0 |
| Deferred revenue | $1,104,042 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,090,285 |
| Secured mortgages and notes payable | $5,837,616 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $913,904 |
| Total liabilities | $9,121,125 |
| Net assets without donor restrictions | $1,752,361 |
| Net assets with donor restrictions | $1,145,724 |
| 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 | $12,019,210 |