Bais Medrash Toras Chesed Inc
- Assets
- $3.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Lakewood, NJ
- Founding
- 06/2000
- Data as of
- 12/2021
- 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 12/2021, Bais Medrash Toras Chesed Inc employed 23 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 12/2021, Bais Medrash Toras Chesed Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.8% 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
2021
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 |
Aaron Sussman Vice President | Trustee | 0.5 | $0 |
Shimon Finkelman Vice President | Trustee | 0.5 | $0 |
Mordechai Gottlieb Director | Trustee | 0.5 | $0 |
Yitzchok Freundlich Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $497,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $874,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,371,960 |
| Total Program Service Revenue | $1,369,876 |
| 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 | $2,752,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $480,977 |
| 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 | $388,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,781 |
| Payroll taxes | $36,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,153 |
| Advertising and promotion | $0 |
| Office expenses | $14,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,889 |
| Insurance | $18,114 |
| All other expenses | $66,641 |
| Total functional expenses | $2,006,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $214,527 |
| Accounts receivable, net | $1,088,522 |
| 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 | $4,264 |
| Net Land, buildings, and equipment | $2,128,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,000 |
| Total assets | $3,558,948 |
| Accounts payable and accrued expenses | $65,121 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,408 |
| Total liabilities | $94,529 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $3,464,419 |
| 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 | $3,558,948 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Bais Medrash Toras Chesed Inc has recieved totaling $132,438.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $83,446 |
Foundation For The Preservation & Perpetuation Of Torah Laws & Custo Baltimore, MD PURPOSE: General Support | $21,000 |
Sff Foundation Lakewood, NJ PURPOSE: RELIGIOUS OR EDUCATIONAL PURPOSES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6,792 |
Cabasso Family Foundation New York, NY PURPOSE: GENERAL SUPPORT | $4,600 |
Organization Name not Listed PURPOSE: TO ASSIST EDUCATIONAL INSTITUTION WITH PROGRAM EXPENSES | | $3,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |
North Shore Hebrew Academy High School Great Neck, NY | $49,436,731 | $14,949,978 |
Urban Assembly Charter School For Computer Science Bronx, NY | $2,356,252 | $11,407,021 |
Storm King School Cornwallonhudson, NY | $15,168,263 | $12,121,769 |
Aquinas Institute Of Rochester Rochester, NY | $7,583,469 | $12,006,968 |