Tashbar Of Lakewood Inc
- Assets
- $21.1m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 115
- Location
- Lakewood, NJ
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 22-3134704
Organization Overview
Tashbar Of Lakewood Inc is located in Lakewood, NJ. The organization was established in 1993. 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 12/2022, Tashbar Of Lakewood Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tashbar Of Lakewood 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 12/2022, Tashbar Of Lakewood Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $8.3m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 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
EDUCATIONAL-OPERATION OF PRIVATE BOYS ELEMENTARY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RELIGIOUS AND SECULAR EDUCATION FOR ELEMENTARY SCHOOL AGE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avrohom Fried Member | Trustee | 40 | $110,641 |
Leib Borenstein Member | Trustee | 1 | $0 |
Dovid Hertz President | Trustee | 1 | $0 |
Hedy Hertz Member | Trustee | 1 | $0 |
Dov Mesch Member | Trustee | 1 | $0 |
Isaac Steinberg Secretary/tr | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,114,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,329,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,443,696 |
| Total Program Service Revenue | $7,616,427 |
| Investment income | $7,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $177,564 |
| 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 | $10,245,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,870 |
| 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. | $110,641 |
| Compensation of current officers, directors, key employees. | $82,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,234,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $722,453 |
| Payroll taxes | $211,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,933 |
| Advertising and promotion | $4,999 |
| Office expenses | $220,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,735 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $234,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,151 |
| Insurance | $52,829 |
| All other expenses | $269,110 |
| Total functional expenses | $8,326,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,313,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,487,196 |
| Accounts receivable, net | $641,457 |
| 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 | $0 |
| Net Land, buildings, and equipment | $14,571,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,835 |
| Total assets | $21,079,429 |
| Accounts payable and accrued expenses | $358,311 |
| Grants payable | $0 |
| Deferred revenue | $507,116 |
| 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 | $5,052,954 |
| Unsecured mortgages and notes payable | $2,500 |
| Other liabilities | $26,000 |
| Total liabilities | $5,946,881 |
| Net assets without donor restrictions | $0 |
| 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 | $15,132,548 |
| Total liabilities and net assets/fund balances | $21,079,429 |
Grants Awarded
Over the last fiscal year, Tashbar Of Lakewood Inc has awarded $115,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
REBBEIM APPRECIATION FUND PURPOSE: EDUCATIONAL | $14,000 |
TZUR FOUNDATION PURPOSE: EDUCATIONAL | $94,000 |
CONG CHAZON YESHAYA PURPOSE: EDUCATIONAL | $7,500 |