Rabbinical College Of America is located in Morristown, NJ. The organization was established in 1966. As of 06/2021, Rabbinical College Of America employed 87 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 06/2021, Rabbinical College Of America generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $7.5m during the year ending 06/2021. While expenses have increased by 11.4% 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
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rabbi Moshe Herson Dean | Officer | 40 | $59,400 |
Adam Bedzow Trustee | Trustee | 2 | $0 |
Daren Oved Trustee | Trustee | 2 | $0 |
Bruce Berger Trustee | Trustee | 2 | $0 |
Miles Berger Trustee | Trustee | 2 | $0 |
Arnold H Chait Secretary | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,639,120 |
All other contributions, gifts, grants, and similar amounts not included above | $1,163,468 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,802,588 |
Total Program Service Revenue | $5,403,825 |
Investment income | $35,112 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $493,729 |
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 | $8,764,969 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $333,129 |
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 | $1,591,580 |
Pension plan accruals and contributions | $16,668 |
Other employee benefits | $1,922,259 |
Payroll taxes | $125,785 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $397,246 |
Advertising and promotion | $3,619 |
Office expenses | $105,233 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $453,982 |
Travel | $95,807 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $10,194 |
Interest | $7,065 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $429,113 |
Insurance | $175,737 |
All other expenses | $205,122 |
Total functional expenses | $7,507,603 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,667,764 |
Savings and temporary cash investments | $6,193,274 |
Pledges and grants receivable | $2,193,215 |
Accounts receivable, net | $410,173 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $120,278 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $6,796,591 |
Investments—publicly traded securities | $0 |
Investments—other securities | $269,943 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $31,593 |
Total assets | $17,682,831 |
Accounts payable and accrued expenses | $200,720 |
Grants payable | $0 |
Deferred revenue | $952,743 |
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 | $926,800 |
Other liabilities | $300,945 |
Total liabilities | $2,381,208 |
Net assets without donor restrictions | $12,259,201 |
Net assets with donor restrictions | $3,042,422 |
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 | $17,682,831 |
Over the last fiscal year, we have identified 1 grants that Rabbinical College Of America has recieved totaling $360.
Awarding Organization | Amount |
---|---|
Joseph H Feldman Family Foundation Inc Florham Park, NJ PURPOSE: UNRESTRICTED GRANT FOR THE ORGANIZATION'S EXMEPT PURPOSE. | $360 |
Organization Name | Assets | Revenue |
---|---|---|
Friends Of Mosdot Goor Inc Brooklyn, NY | $1,038,299 | $11,536,535 |
Rabbinical College Of America Morristown, NJ | $17,682,831 | $8,764,969 |
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 | $1,601,557 | $4,913,878 |
Association For Jewish Studies Inc New York, NY | $2,749,945 | $1,295,514 |
Yeshivas Bais Mordechai Of Teaneck Inc Teaneck, NJ | $1,013,053 | $1,259,759 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $53,047 | $754,208 |
Hadar Hatorah Inc Brooklyn, NY | $539,240 | $752,352 |
Associates For Biblical Research Akron, PA | $750,222 | $744,598 |
Dialogue Institute Philadelphia, PA | $464,596 | $151,581 |
Shaar Hatalmud Institute Brooklyn, NY | $1,893,423 | $1,487,905 |
Interweave Inc Summit, NJ | $9,609 | $55,951 |