Bais Medrash Toras Chesed Inc
- Assets
- $2.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Lakewood, NJ
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 22-6830873
Organization Overview
Bais Medrash Toras Chesed Inc is located in Lakewood, NJ. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 12/2022, Bais Medrash Toras Chesed Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bais Medrash Toras Chesed 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 12/2022, Bais Medrash Toras Chesed Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AND MAINTAIN A COLLEGE LEVEL EDUCATIONAL INSTITUTION TEACHING TALMUDIC AND RABBINICAL STUDIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING POST SECONDARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Stein President | OfficerTrustee | 40 | $47,320 |
Rhonda Stein Treasurer | OfficerTrustee | 40 | $27,692 |
Shimon Finkelman Vice President | Trustee | 0.5 | $0 |
Aaron Sussman Vice President | Trustee | 0.5 | $0 |
Yitzchok Freundlich Director | Trustee | 0.5 | $0 |
Mordechai Gottlieb Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $849,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,545 |
| Total Program Service Revenue | $1,345,595 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,241,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,967 |
| Grants and other assistance to domestic individuals. | $434,614 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,012 |
| Compensation of current officers, directors, key employees. | $27,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $444,853 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $196,363 |
| Payroll taxes | $43,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,250 |
| Advertising and promotion | $0 |
| Office expenses | $31,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,489 |
| Insurance | $31,154 |
| All other expenses | $84,141 |
| Total functional expenses | $2,123,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,070 |
| Savings and temporary cash investments | $5,809 |
| Pledges and grants receivable | $170,271 |
| Accounts receivable, net | $111,739 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,080,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,400 |
| Total assets | $2,564,016 |
| Accounts payable and accrued expenses | $58,133 |
| Grants payable | $0 |
| Deferred revenue | $16,160 |
| 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 | $0 |
| Other liabilities | $2,156 |
| Total liabilities | $76,449 |
| Net assets without donor restrictions | $2,437,567 |
| Net assets with donor restrictions | $50,000 |
| 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 | $2,564,016 |
Grants Awarded
Over the last fiscal year, Bais Medrash Toras Chesed Inc has awarded $24,967 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHASDEI LEV PURPOSE: charitable | $14,967 |
EIN OD MILVADI TZEDAKAH PURPOSE: charitable | $10,000 |