Yeshiva Tifereth Torah Inc
- Assets
- $12.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Lakewood, NJ
- Founding
- 06/1989
- Data as of
- 08/2022
- 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 08/2022, 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 08/2022, Yeshiva Tifereth Torah Inc generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $5.1m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Yeshiva Tifereth Torah Inc has awarded 13 individual grants totaling $356,985. 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
2022
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 |
|---|---|---|
Alpine Air Construction | 8/30/16 | $364,579 |
A-z Constuction | 8/30/16 | $234,560 |
Perfect Concrete Construction | 8/30/16 | $888,347 |
Dawn Contracting Construction | 8/30/16 | $375,427 |
Top Con Construction | 8/30/16 | $244,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,179,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,516 |
| Total Program Service Revenue | $3,712,317 |
| Investment income | $2,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $317,909 |
| 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 | $6,004,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,904 |
| 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 | $1,214,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $485,984 |
| Payroll taxes | $37,536 |
| 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 | $61,500 |
| Advertising and promotion | $4,300 |
| Office expenses | $118,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,216 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $165,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,237 |
| Insurance | $55,217 |
| All other expenses | $292,574 |
| Total functional expenses | $5,066,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,621,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $730,338 |
| Accounts receivable, net | $765,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,969,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,787 |
| Total assets | $12,364,593 |
| Accounts payable and accrued expenses | $219,378 |
| 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 | $5,352,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,703 |
| Total liabilities | $5,623,323 |
| Net assets without donor restrictions | $6,741,270 |
| 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 | $12,364,593 |
Grants Awarded
Over the last fiscal year, Yeshiva Tifereth Torah Inc has awarded $33,165 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REBBEIM APPRECIATION FUND PURPOSE: CHARITABLE | $6,065 |
GEMACHTORAS IMECHA PURPOSE: CHARITABLE | $12,600 |
KHAL ATERES YESHAYA PURPOSE: CHARITABLE | $5,500 |
CONGREGATION TIFERES YITZCHOK INC PURPOSE: CHARITABLE | $9,000 |