Golda Och Academy Inc
- Assets
- $16.7m
- Revenue
- $21.4m
- Investments
- $0.0
- Employees
- 179
- Location
- West Orange, NJ
- Founding
- 06/1972
- Data as of
- 06/2022
- EIN
- 22-1779887
Organization Overview
Golda Och Academy Inc is located in West Orange, NJ. The organization was established in 1972. 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, Golda Och Academy Inc employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golda Och Academy 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, Golda Och Academy Inc generated $21.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $21.6m during the year ending 06/2022. While expenses have increased by 2.8% 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
THE SCHOOL OPERATES A PRIVATE SCHOOL WITH TWO CAMPUSES LOCATED IN NEW JERSEY SERVING STUDENTS IN GRADES PRE-K THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMS - THE SCHOOL OPERATES A PRIVATE SCHOOL ON TWO CAMPUSES LOCATED IN NEW JERSEY WITH AN ENROLLMENT OF 437 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Malaga CFO | Officer | 40 | $194,830 |
Carrie Siegel Principal | Officer | 40 | $190,551 |
Stephanie Bash-Soudry Dir Institutional Advance | 40 | $156,642 | |
Adam Shapiro - Thru July 2021 Head Of School | Officer | 40 | $145,026 |
Daniel Nevins - Since July 2021 Head Of School | Officer | 40 | $99,940 |
Karen Spector Asst Principal | 40 | $127,959 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,779 |
| Related organizations | $5,940,981 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,866,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,951,742 |
| Total Program Service Revenue | $13,285,940 |
| Investment income | $4,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,761 |
| 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 | $21,390,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,393,529 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,263 |
| Compensation of current officers, directors, key employees. | $63,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,913,076 |
| Pension plan accruals and contributions | $378,436 |
| Other employee benefits | $760,925 |
| Payroll taxes | $926,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,826 |
| Fees for services: Accounting | $42,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,762 |
| Advertising and promotion | $56,829 |
| Office expenses | $361,823 |
| Information technology | $300,029 |
| Royalties | $0 |
| Occupancy | $874,795 |
| Travel | $260,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,318 |
| Insurance | $228,942 |
| All other expenses | $146,641 |
| Total functional expenses | $21,639,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,461,595 |
| Pledges and grants receivable | $233,648 |
| Accounts receivable, net | $365,365 |
| 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 | $123,042 |
| Net Land, buildings, and equipment | $11,321,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,182,707 |
| Total assets | $16,688,223 |
| Accounts payable and accrued expenses | $2,121,600 |
| Grants payable | $0 |
| Deferred revenue | $2,214,483 |
| 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 | $191,921 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,528,004 |
| Net assets without donor restrictions | $10,587,167 |
| Net assets with donor restrictions | $1,573,052 |
| 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 | $16,688,223 |