Ilan High School Inc
- Assets
- $8.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 81
- Location
- Ocean, NJ
- Founding
- 08/1996
- Data as of
- 08/2023
- EIN
- 22-3368982
Organization Overview
Ilan High School Inc is located in Ocean, NJ. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Ilan High School Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilan High School 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 08/2023, Ilan High School Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $5.2m during the year ending 08/2023. While expenses have increased by 4.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HIGH SCHOOL EDUCATION TO 181 STUDENTS GRADES 9-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saul Tawil Chairman Of The Board & Tr | Trustee | 5 | $0 |
Charles Gammal Board Member | Trustee | 5 | $0 |
Isaac Braha Board Member | Trustee | 5 | $0 |
Steven Ashear President | Trustee | 5 | $0 |
Yechiel Jacobowitz Administrator | Trustee | 40 | $110,636 |
Alex Missry President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,569,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,607,569 |
| Total Program Service Revenue | $3,641,926 |
| Investment income | $96,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $246,840 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,613,153 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,406 |
| Compensation of current officers, directors, key employees. | $177,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,237,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $350,090 |
| Payroll taxes | $175,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,066 |
| Fees for services: Accounting | $10,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,721 |
| Advertising and promotion | $61,692 |
| Office expenses | $130,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $322,437 |
| Travel | $611,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,911 |
| Insurance | $0 |
| All other expenses | $101,727 |
| Total functional expenses | $5,176,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,979,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $655,396 |
| Accounts receivable, net | $103,078 |
| 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 | $3,411,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,033,171 |
| Total assets | $8,182,408 |
| Accounts payable and accrued expenses | $42,304 |
| Grants payable | $0 |
| Deferred revenue | $1,100,518 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,292,822 |
| 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 | $6,889,586 |
| Total liabilities and net assets/fund balances | $8,182,408 |