Congregation Bnos Yaakov Inc
- Assets
- $9.9m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 145
- Location
- Lakewood, NJ
- Founding
- 02/1999
- Data as of
- 07/2021
- EIN
- 22-3533924
Organization Overview
Congregation Bnos Yaakov Inc is located in Lakewood, NJ. The organization was established in 1999. 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 07/2021, Congregation Bnos Yaakov Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congregation Bnos 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 07/2021, Congregation Bnos Yaakov Inc generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $10.8m during the year ending 07/2021. While expenses have increased by 17.4% per year over the past 6 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
TO PROVIDE RELIGIOUS JEWISH EDUCATION FOR GIRLS AT THE HIGHEST ETHICAL & SCHOLASTIC STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RELIGIOUS JEWISH EDUCATION FOR GIRLS AT THE HIGHEST ETHICAL & SCHOLASTIC STANDARDS BY INCULCATING SACRED, RELIGIOUS AND TRADITIONAL VALUES IN A STUDENT FRIENDLY ENVIRONMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Herskovits President | OfficerTrustee | 50 | $160,300 |
Yossi Tress Trustee | Trustee | 2 | $0 |
Raphael Mandelbaum Trustee | Trustee | 2 | $0 |
Nochum Bergman Trustee | Trustee | 2 | $0 |
Chaim Silberberg Secretary | Trustee | 2 | $0 |
Yehoshua Beren Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,591,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,689,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,281,517 |
| Total Program Service Revenue | $4,419,011 |
| Investment income | $9,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,612 |
| 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 | $12,743,932 |
| 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. | $298,586 |
| Compensation of current officers, directors, key employees. | $269,707 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,015,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $472,226 |
| Payroll taxes | $251,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,147 |
| Advertising and promotion | $24,112 |
| Office expenses | $238,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,344 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,409 |
| Interest | $89,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,849 |
| Insurance | $60,291 |
| All other expenses | $82,946 |
| Total functional expenses | $10,764,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,243,818 |
| Accounts receivable, net | $640,344 |
| 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 | $2,258 |
| Net Land, buildings, and equipment | $5,482,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,683 |
| Other assets | $550,000 |
| Total assets | $9,892,011 |
| Accounts payable and accrued expenses | $1,637,824 |
| Grants payable | $0 |
| Deferred revenue | $894,220 |
| 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 | $1,831,980 |
| Unsecured mortgages and notes payable | $806,812 |
| Other liabilities | $0 |
| Total liabilities | $5,170,836 |
| Net assets without donor restrictions | $4,721,175 |
| 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 | $9,892,011 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Congregation Bnos Yaakov Inc has recieved totaling $47,724.
| Awarding Organization | Amount |
|---|---|
| $27,000 | |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $13,800 |
Educational Endowment Fund Inc Lakewood, NJ | | $6,750 |
Zichron Chaim Charity Fund Brooklyn, NY PURPOSE: TO PROVIDE RELIGIOUS JEWISH EDUCATION FOR GIRLS AT THE HIGHEST ETHICAL & SCHOLASTIC STANDARDS. | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Ruach Chaim Inc Lakewood, NJ PURPOSE: 7500 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |