Yeshiva Tifereth Torah Inc
- Assets
- $11.5m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 61
- Location
- Lakewood, NJ
- Founding
- 06/1989
- Data as of
- 08/2021
- EIN
- 22-2818927
Organization Overview
Yeshiva Tifereth Torah Inc is located in Lakewood, NJ. The organization was established in 1989. 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 08/2021, Yeshiva Tifereth Torah Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Tifereth Torah 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 08/2021, Yeshiva Tifereth Torah Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $4.6m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Yeshiva Tifereth Torah Inc has awarded 11 individual grants totaling $413,020. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
YESHIVA TIFERES TORAH, INC. IS A RELIGIOUS ELEMENTARY SCHOOL PROVIDING QUALITY EDUCATION FOR GRADES K-8 FOR THE CHILDREN OF LAKEWOOD, NJ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE A QUALITY RELIGIOUS AND SECULAR EDUCATION TO ELEMENTARY SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yisroel Gelbwachs President | Officer | 40 | $48,275 |
Herschel Cutler Secretary | Officer | 40 | $21,814 |
David Medinets Vice Preside | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dawn Contracting Construction | 8/30/16 | $375,427 |
Alpine Air Construction | 8/30/16 | $364,579 |
Perfect Concrete Construction | 8/30/16 | $888,347 |
Top Con Construction | 8/30/16 | $244,586 |
A-z Constuction | 8/30/16 | $234,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $821,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,079 |
| Total Program Service Revenue | $3,496,383 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,474 |
| 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 | $4,650,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $158,345 |
| 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. | $70,089 |
| Compensation of current officers, directors, key employees. | $21,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $960,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $536,674 |
| Payroll taxes | $29,682 |
| 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 | $0 |
| Fees for services: Other | $8,400 |
| Advertising and promotion | $3,322 |
| Office expenses | $100,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,578 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,960 |
| Insurance | $50,336 |
| All other expenses | $217,364 |
| Total functional expenses | $4,566,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $932,770 |
| Accounts receivable, net | $908,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,872 |
| Net Land, buildings, and equipment | $9,068,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,898 |
| Other assets | $0 |
| Total assets | $11,548,565 |
| Accounts payable and accrued expenses | $80,896 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,860 |
| Secured mortgages and notes payable | $5,605,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $424,845 |
| Total liabilities | $6,117,944 |
| Net assets without donor restrictions | $5,430,621 |
| 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 | $11,548,565 |
Grants Awarded
Over the last fiscal year, Yeshiva Tifereth Torah Inc has awarded $135,345 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, NJ PURPOSE: CHARITABLE | $78,300 |
KHAL ATERES YESHAYA PURPOSE: CHARITABLE | $51,270 |
Lakewood, NJ PURPOSE: CHARITABLE | $5,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yeshiva Tifereth Torah Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Sheena Foundation Lakewood, NJ PURPOSE: EDUCATIONAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |