The Schechter Institutes Inc
- Assets
- $4.9m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 22-3342043
Organization Overview
The Schechter Institutes Inc is located in Jenkintown, PA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schechter Institutes 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 12/2021, Schechter Institutes Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE WAS FORMED TO HELP FASHION AN ISRAEL SOCIETY AND JEWISH WORLD SECURE IN ITS JEWISH ROOTS AND STRONG IN ITS DEMOCRATIC VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND AWARDS FOR THE BENEFIT OF EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saul I Sanders Chairman | OfficerTrustee | 10 | $0 |
Stephen J Lovell Treasurer | OfficerTrustee | 3 | $0 |
Rabbi Prof David Golinkin President | Trustee | 5 | $0 |
Jonathan Aaron Board Member | Trustee | 1 | $0 |
Hubert J Brandt Board Member | Trustee | 1 | $0 |
Alan Edelman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,305,119 |
| Noncash contributions included in lines 1a–1f | $223,513 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,305,119 |
| Total Program Service Revenue | $0 |
| Investment income | $24,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,382,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,887,235 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $131,800 |
| Fees for services: Investment Management | $14,134 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,601 |
| Information technology | $5,889 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,086,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,025,313 |
| Accounts receivable, net | $128,088 |
| 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 | $0 |
| Investments—publicly traded securities | $1,426,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,883,553 |
| Accounts payable and accrued expenses | $1,674 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,674 |
| Net assets without donor restrictions | $2,680,195 |
| Net assets with donor restrictions | $2,201,684 |
| 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 | $4,883,553 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Schechter Institutes Inc has recieved totaling $426,810.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $155,610 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $50,700 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT THE THE COMMUNITY | $48,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $12,500 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,195,445 |
| Earnings | $162,537 |
| Other Expense | $50,867 |
| Ending Balance | $1,307,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |