The information for Frisch School is as of the organization's most recent filing in June 2020. This organization is located in Paramus, NJ. It has been in existence for 49 years, following its founding in 1971.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Frisch School's NTEE code is B25. The "B" tells us that the organization is classified along with Education. The "25" tells us that the organization is a Secondary & High Schools. The NTEE describes Secondary & High Schools as schools comprising any span of grades beginning with the next grade following an elementary school and ending at or below grade 12. These schools provide formal instruction for students who want to prepare for further education at the college level or for employment following graduation.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Frisch School is to provide religious education and college preparatory courses to high school students.
Frisch's curriculum is designed to stimulate the intellectual interests of our students and motivate them to pursue academic excellence. Our students strive to challenge themselves as they become creative and independent thinkers. (See Schedule O)
Frisch School has 288 employees, 23 of whom were paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 52 volunteers.
The Frisch School is a well-governed non-profit organization. It has 32 voting members, all of whom are independent and do not have any potential conflicts of interest. The organization has not delegated management to an outside firm and board and committee meetings are documented. The Frisch School also has a conflict of interest policy, requires disclosure of conflicts, has a written whistleblower policy, and has a document retention policy. Furthermore, the organization substantiates and reviews leadership and officer salaries. However, the Frisch School does not provide copies of the 990 to the board prior to filing. All in all, the Frisch School has put in place a number of measures to ensure good governance and ethical practices.
The Frisch School has seen growth over the past five years. Contributions and Grants Received increased while Program Service Revenue and Employee Salaries also increased. Unfortunately, Investment Income and Other Revenue decreased. Total Revenue decreased, but Total Expenses and the number of both Employees and Volunteers increased.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rabbi Eli Ciner Principal | Officer | 40 | $387,908 |
Ira Miller Dir Of Mentoring & Acad Adv | 40 | $225,656 | |
Elaine Keigher Assoc Principal | 40 | $187,344 | |
Edwin Gerstley Director Of Finance | Officer | 40 | $173,530 |
Mitchell Lipton Trustee | 40 | $167,344 | |
Mildred Furman Chair Of Science Department | 40 | $144,816 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,656,986 |
Related organizations | $0 |
Government grants | $9,950 |
All other contributions, gifts, grants, and similar amounts not included above | $1,709,941 |
Noncash contributions included in lines 1a–1f | $20,959 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,376,877 |
Total Program Service Revenue | $25,757,335 |
Investment income | $46,421 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $306,420 |
Net Gain/Loss on Asset Sales | $17,974 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $30,193,228 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,357,221 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $723,379 |
Compensation of current officers, directors, key employees. | $60,041 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $13,684,393 |
Pension plan accruals and contributions | $696,839 |
Other employee benefits | $934,548 |
Payroll taxes | $770,326 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $79,584 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $162,118 |
Advertising and promotion | $148,205 |
Office expenses | $370,833 |
Information technology | $144,355 |
Royalties | $0 |
Occupancy | $1,717,381 |
Travel | $510,773 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $669,932 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,434,170 |
Insurance | $101,362 |
All other expenses | $0 |
Total functional expenses | $27,110,361 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,085,752 |
Savings and temporary cash investments | $9,886,714 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $100,964 |
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 | $162,142 |
Net Land, buildings, and equipment | $35,160,590 |
Investments—publicly traded securities | $500,705 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $52,896,867 |
Accounts payable and accrued expenses | $3,689,545 |
Grants payable | $0 |
Deferred revenue | $2,603,597 |
Tax-exempt bond liabilities | $16,295,178 |
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 | $2,475,600 |
Other liabilities | $258,351 |
Total liabilities | $25,322,271 |
Net assets without donor restrictions | $24,615,108 |
Net assets with donor restrictions | $2,959,488 |
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 | $52,896,867 |
Over the last fiscal year, we have identified 1 grants that Frisch School has recieved totaling $600.
Awarding Organization | Amount |
---|---|
Katz Sidlow Foundation Inc Mount Vernon, NY PURPOSE: EDUCATIONAL | $600 |
Beg. Balance | $1,310,794 |
Earnings | $119,164 |
Net Contributions | $1,544,530 |
Other Expense | $15,000 |
Ending Balance | $2,959,488 |
Organization Name | Assets | Revenue |
---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |
Emma Willard School Troy, NY | $275,716,852 | $137,236,966 |
Frisch School Paramus, NJ | $52,896,867 | $30,193,228 |
Integration Charter Schools Staten Island, NY | $20,881,046 | $32,287,318 |
Millbrook School Millbrook, NY | $138,607,846 | $30,124,599 |