Tiferes Bais Yaakov Inc
- Assets
- $14.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 136
- Location
- Lakewood, NJ
- Founding
- 04/1998
- Data as of
- 08/2023
- EIN
- 22-3462019
Organization Overview
Tiferes Bais Yaakov Inc is located in Lakewood, NJ. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Tiferes Bais Yaakov Inc employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tiferes Bais Yaakov 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, Tiferes Bais Yaakov Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $5.8m during the year ending 08/2023. While expenses have increased by 6.0% 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
OPERATION OF A PAROCHIAL ELEMENTARY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PAROCHIAL ELEMENTARY SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Rozsansky President | Officer | 40 | $50,833 |
Efraim Blumenkrantz Vice Pres | Officer | 1 | $0 |
Samuel Neumann Vice Pres | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,196,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,841,865 |
| Total Program Service Revenue | $3,756,308 |
| Investment income | $55,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,310 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $78,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,872,191 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,854,265 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $425,314 |
| Payroll taxes | $272,613 |
| 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 | $24,009 |
| Advertising and promotion | $4,122 |
| Office expenses | $168,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,810 |
| Travel | $98,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $123,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,869 |
| Insurance | $87,770 |
| All other expenses | $33,813 |
| Total functional expenses | $5,766,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,903,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,906,241 |
| Accounts receivable, net | $1,204,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $520,235 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,706,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,588 |
| Other assets | $206,877 |
| Total assets | $14,467,890 |
| Accounts payable and accrued expenses | $126,717 |
| 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 | $2,867,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,073 |
| Total liabilities | $3,116,994 |
| Net assets without donor restrictions | $11,350,896 |
| 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 | $14,467,890 |