Gottesman Rtw Academy
- Assets
- $18.8m
- Revenue
- $5.9m
- Investments
- $547.4k
- Employees
- 73
- Location
- Randolph, NJ
- Founding
- 03/1979
- Data as of
- 06/2022
- EIN
- 22-1833220
Organization Overview
Gottesman Rtw Academy is located in Randolph, NJ. The organization was established in 1979. 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, Gottesman Rtw Academy employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gottesman Rtw Academy 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, Gottesman Rtw Academy generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 6 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
TO MAINTAIN HIGH STANDARDS OF ACADEMIC EXCELLENCE AND NURTURE STUDENTS IN AN ENVIRONMENT INFUSED WITH THE RICHNESS OF JEWISH LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A JEWISH DAY SCHOOL FOR APPROXIMATELY 116 STUDENTS LIVING IN THE AREA OF MORRIS COUNTY, NJ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Vaknin Head Of School | Officer | 40 | $180,230 |
Cheryl Bahar Dean Of General Studies | 40 | $122,590 | |
Liron Kormas-Harpaz President | OfficerTrustee | 15 | $0 |
Jarrett Bluth Vice President | OfficerTrustee | 5 | $0 |
Victoria Morrison Vice President | OfficerTrustee | 5 | $0 |
Lavette Shrem Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
International Management Building Construction | 6/29/16 | $2,633,270 |
Fredco Landscaping Landscaping Services | 6/29/16 | $163,700 |
J&m Caterers Catering Services | 6/29/16 | $158,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,017 |
| Related organizations | $0 |
| Government grants | $604,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,746,365 |
| Noncash contributions included in lines 1a–1f | $39,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,468,504 |
| Total Program Service Revenue | $3,338,947 |
| Investment income | $54,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,576 |
| 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 | $5,866,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,681,825 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,742,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,121 |
| Payroll taxes | $241,709 |
| 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 | $6,292 |
| Fees for services: Other | $93,850 |
| Advertising and promotion | $0 |
| Office expenses | $34,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,164 |
| Interest | $50,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $503,726 |
| Insurance | $86,695 |
| All other expenses | $246,013 |
| Total functional expenses | $6,726,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,649,992 |
| Savings and temporary cash investments | $23,324 |
| Pledges and grants receivable | $859,970 |
| Accounts receivable, net | $11,702 |
| 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 | $27,475 |
| Net Land, buildings, and equipment | $15,379,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $547,386 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,258 |
| Total assets | $18,843,073 |
| Accounts payable and accrued expenses | $62,278 |
| Grants payable | $0 |
| Deferred revenue | $130,005 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $400,000 |
| Secured mortgages and notes payable | $653,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,245,803 |
| Net assets without donor restrictions | $16,019,621 |
| Net assets with donor restrictions | $1,577,649 |
| 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 | $18,843,073 |