New England Academy Of Torah Inc
- Assets
- $4.2m
- Revenue
- $203.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 03/1969
- Data as of
- 06/2023
- EIN
- 23-7010514
Organization Overview
New England Academy Of Torah Inc is located in Providence, RI. The organization was established in 1969. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Academy Of Torah 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 06/2023, New England Academy Of Torah Inc generated $203.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.1%) each year. All expenses for the organization totaled $135.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF ADVANCING SECULAR, RELIGIOUS AND RABBINICAL EDUCATION AT ALL EDUCATIONAL LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE SECULAR, RELIGIOUS AND RABBINICAL EDUCATION; THE FURTHERING BY ALL PROPER AND LEGITIMATE MEANS OF DISSEMINATION OF TRADITIONAL ORTHODOX HEBREW AND JEWISH RELIGIOUS AND MORAL VALUES AS INTERPRETED FROM TIME TO TIME BY THE MOETZES GEDOLEI HATORAH OF AGUDAS YISROEL OF AMERICA.
BUILDING AND MAINTAINING SCHOOLS; TEACHING COURSES OF STUDY AS REQUIRED BY FEDERAL, STATE AND LOCAL LAWS AND THE REQUIREMENTS OF TORAH UMESORAH; PROVIDING FOR THE DELIVERY AND HOLDING OF LECTURES, EXHIBITIONS, PUBLIC MEETINGS, CLASSES AND CONFERENCES.
ANY OTHER LAWFUL ACTIVITY IN SUPPORT OF AND TO BENEFIT THE ABOVE PURPOSES AS MAY BE CARRIED ON BY AN ORGANIZATION RECOGNIZED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gershom Barros Director | Trustee | $0 | |
Moshe Golden Treasurer | OfficerTrustee | $0 | |
Russell Raskin Secretary | OfficerTrustee | $0 | |
Norman Rosenfield Director | Trustee | $0 | |
Shammai Weiner President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,058 |
| Investment income | $128,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,274 |
| 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 | $203,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $993 |
| Advertising and promotion | $0 |
| Office expenses | $60 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,477 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,190 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $135,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,536 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $777,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,339 |
| Other assets | $2,981,993 |
| Total assets | $4,179,320 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $506,771 |
| Total liabilities | $506,771 |
| Net assets without donor restrictions | $0 |
| 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 | $3,672,549 |
| Total liabilities and net assets/fund balances | $4,179,320 |
Grants Awarded
Over the last fiscal year, New England Academy Of Torah Inc has awarded $125,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ENGLAND RABBINICAL COLLEGE PURPOSE: CAPITAL CAMPAIGN | $50,000 |
PROVIDENCE HEBREW DAY SCHOOL PURPOSE: CAPITAL CAMPAIGN | $75,000 |