Congregation Bnos Yaakov Inc
- Assets
- $15.9m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 187
- Location
- Lakewood, NJ
- Founding
- 02/1999
- Data as of
- 07/2023
- 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 07/2023, Congregation Bnos Yaakov Inc employed 187 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 07/2023, Congregation Bnos Yaakov Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $8.2m during the year ending 07/2023. While expenses have increased by 9.0% 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Herskovits President | OfficerTrustee | 50 | $135,000 |
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 | $1,579,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,636,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,216,559 |
| Total Program Service Revenue | $5,215,630 |
| Investment income | $149,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,415 |
| 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 | $8,665,343 |
| 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. | $220,352 |
| Compensation of current officers, directors, key employees. | $198,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,508,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $442,290 |
| Payroll taxes | $292,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,299 |
| Advertising and promotion | $1,743 |
| Office expenses | $315,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,357 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,466 |
| Interest | $236,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,821 |
| Insurance | $83,802 |
| All other expenses | $257,833 |
| Total functional expenses | $8,218,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,357,679 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $589,673 |
| Accounts receivable, net | $467,379 |
| 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 | $17,183 |
| Net Land, buildings, and equipment | $8,991,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $58,998 |
| Other assets | $2,378,225 |
| Total assets | $15,860,732 |
| Accounts payable and accrued expenses | $245,846 |
| Grants payable | $0 |
| Deferred revenue | $1,574,541 |
| 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 | $5,436,812 |
| Unsecured mortgages and notes payable | $412,031 |
| Other liabilities | $2,000,000 |
| Total liabilities | $9,669,230 |
| Net assets without donor restrictions | $6,191,502 |
| 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 | $15,860,732 |