Bais Tova Inc
- Assets
- $35.0m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 366
- Location
- Lakewood, NJ
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 22-3674957
Organization Overview
Bais Tova Inc is located in Lakewood, NJ. The organization was established in 2000. 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 06/2022, Bais Tova Inc employed 366 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bais Tova 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 06/2022, Bais Tova Inc generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $13.1m during the year ending 06/2022. While expenses have increased by 8.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL - OPERATION OF A PAROCHIAL ELEMENTARY AND HIGH SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PAROCHIAL ELEMENTARY AND HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Sanders President | OfficerTrustee | 70 | $369,811 |
Florence Sanders Vice Preside | OfficerTrustee | 35 | $109,167 |
Eta Sanders Secretary-Tr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,310,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,333,207 |
| Total Program Service Revenue | $13,228,949 |
| Investment income | $8,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $554,924 |
| Net Gain/Loss on Asset Sales | $456,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,582,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,322 |
| 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. | $478,978 |
| Compensation of current officers, directors, key employees. | $478,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,004,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $382,123 |
| Payroll taxes | $513,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,997 |
| Advertising and promotion | $10,725 |
| Office expenses | $158,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $662,589 |
| Insurance | $127,565 |
| All other expenses | $1,418,900 |
| Total functional expenses | $13,125,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,491,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $589,548 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,848,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $55,642 |
| Other assets | $0 |
| Total assets | $34,984,770 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,344,249 |
| Secured mortgages and notes payable | $1,120,372 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,506 |
| Total liabilities | $4,497,127 |
| Net assets without donor restrictions | $30,487,643 |
| 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 | $34,984,770 |
Grants Awarded
Over the last fiscal year, Bais Tova Inc has awarded $68,197 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VEROMAMTANUGATES OF MERCY | | | $49,460 |
TIFERES YERACHMIEL | | | $5,737 |
YESHIVA EMEK HALOCHO PURPOSE: EDUCATIONAL | $13,000 |