Torah Academy Of Bergen County
- Assets
- $12.8m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 94
- Location
- Teaneck, NJ
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 22-2890836
Organization Overview
Torah Academy Of Bergen County is located in Teaneck, NJ. The organization was established in 1989. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Torah Academy Of Bergen County employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Academy Of Bergen County 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, Torah Academy Of Bergen County generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. While expenses have increased by 2.5% 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
PROVIDE RELIGIOUS AND SECULAR EDUCATION FOR HIGH SCHOOL BOYS GRADES 9-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS AND SECULAR EDUCATION FOR BOYS GRADES 9-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shlomo Adelman Head Of Scho | Officer | $287,768 | |
Steven Finkelstein Interim Prin | Officer | $198,445 | |
Audi Hecht Dean Of Acad | Officer | $162,031 | |
Kalman Stein Interim Head | Officer | $180,000 | |
Michael Hoenig Guidance Cou | $130,625 | ||
Dov Adler Board Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sports Pros Equipment | 6/29/22 | $370,803 |
Kismet International Inc Transportation | 6/29/22 | $202,549 |
John Leckie Inc Busing | 6/29/22 | $134,493 |
All Air Hvac Hvac Systems | 6/29/22 | $120,500 |
Eastern Services Cleaning | 6/29/22 | $105,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $869,732 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,261,315 |
| Total Program Service Revenue | $8,817,559 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$50,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,028,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,525,999 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $828,244 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,371,067 |
| Pension plan accruals and contributions | $43,709 |
| Other employee benefits | $235,188 |
| Payroll taxes | $368,252 |
| 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 | $0 |
| Advertising and promotion | $92,190 |
| Office expenses | $218,757 |
| 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 | $0 |
| Interest | $307,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,717 |
| Insurance | $42,030 |
| All other expenses | $214,735 |
| Total functional expenses | $10,078,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,338,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,178 |
| Accounts receivable, net | $145,708 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $110,550 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,078,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,088,071 |
| Total assets | $12,836,452 |
| Accounts payable and accrued expenses | $1,221,452 |
| Grants payable | $0 |
| Deferred revenue | $641,811 |
| 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 | $5,728,006 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,591,269 |
| Net assets without donor restrictions | $5,245,183 |
| 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 | $12,836,452 |