Rabbinical College Of America
- Assets
- $20.2m
- Revenue
- $11.8m
- Investments
- $239.5k
- Employees
- 76
- Location
- Morristown, NJ
- Founding
- 10/1966
- Data as of
- 06/2022
- EIN
- 22-6017975
Organization Overview
Rabbinical College Of America is located in Morristown, NJ. The organization was established in 1966. As of 06/2022, Rabbinical College Of America employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rabbinical College Of America 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, Rabbinical College Of America generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 11.2% 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
OPERATION OF AN EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EDUCATIONAL INSTITUTION AS WELL AS COMMUNITY OUTREACH PROGRAMS IN THE GREATER METROPOLITAN AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daren Oved Trustee | Trustee | 2 | $0 |
Adam Bedzow Trustee | Trustee | 2 | $0 |
Bruce Berger Trustee | Trustee | 2 | $0 |
Miles Berger Trustee | Trustee | 2 | $0 |
Arnold H Chait Secretary | Trustee | 2 | $0 |
Brendan Berger Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,539,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,234,859 |
| Noncash contributions included in lines 1a–1f | $39,232 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,774,096 |
| Total Program Service Revenue | $5,517,663 |
| Investment income | $30,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $408,744 |
| 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 | $11,783,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,746 |
| Grants and other assistance to domestic individuals. | $594,762 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,770 |
| Compensation of current officers, directors, key employees. | $94,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,267,186 |
| Pension plan accruals and contributions | $18,945 |
| Other employee benefits | $1,695,483 |
| Payroll taxes | $147,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $433,696 |
| Advertising and promotion | $0 |
| Office expenses | $131,697 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,123 |
| Travel | $134,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338,481 |
| Insurance | $161,136 |
| All other expenses | $65,624 |
| Total functional expenses | $8,241,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,012,313 |
| Savings and temporary cash investments | $6,868,104 |
| Pledges and grants receivable | $2,536,359 |
| Accounts receivable, net | $350,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $56,342 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,116,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $239,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,179,294 |
| Accounts payable and accrued expenses | $203,575 |
| Grants payable | $0 |
| Deferred revenue | $767,331 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $71,475 |
| Other liabilities | $293,245 |
| Total liabilities | $1,335,626 |
| Net assets without donor restrictions | $16,547,263 |
| Net assets with donor restrictions | $2,296,405 |
| 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 | $20,179,294 |
Grants Awarded
Over the last fiscal year, Rabbinical College Of America has awarded $376,279 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHASDEI LEV PURPOSE: CHARITABLE AND RELIGIOUS | $7,000 |
CHABAD OF GREATER MERCER COUNTY PURPOSE: CHARITABLE AND RELIGIOUS | $63,248 |
CHABAD OF GREATER SOMERSET COUNTY PURPOSE: CHARITABLE AND RELIGIOUS | $73,065 |
CHABAD OF HUNTERDON COUNTY PURPOSE: CHARITABLE AND RELIGIOUS | $141,681 |
CHABAD OF MONTVILLE PURPOSE: CHARITABLE AND RELIGIOUS | $47,798 |
CHABAD OF NW NJ - WESTERN PURPOSE: CHARITABLE AND RELIGIOUS | $23,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rabbinical College Of America Morristown, NJ | $20,179,294 | $11,783,839 |
Talmudic Research Center Of Northern New Jersey Passaic, NJ | $6,255,764 | $5,201,190 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,587,324 | $4,218,917 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $42,452 | $1,847,908 |
Yeshivas Bais Mordechai Of Teaneck Inc Teaneck, NJ | $1,442,958 | $1,666,144 |
Association For Jewish Studies Inc New York, NY | $3,136,491 | $1,390,091 |
Hadar Hatorah Inc Brooklyn, NY | $818,040 | $673,454 |
Associates For Biblical Research Akron, PA | $750,222 | $744,598 |
Dialogue Institute Philadelphia, PA | $396,158 | $449,945 |
Shaar Hatalmud Institute Brooklyn, NY | $1,519,376 | $120,573 |
Interweave Inc Summit, NJ | $12,668 | $70,342 |