Yeshiva Heichal Hatorah Inc
- Assets
- $12.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Monsey, NY
- Founding
- 12/2008
- Data as of
- 08/2022
- EIN
- 26-0213027
Organization Overview
Yeshiva Heichal Hatorah Inc is located in Monsey, NY. The organization was established in 2008. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2022, Yeshiva Heichal Hatorah Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Heichal Hatorah 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 08/2022, Yeshiva Heichal Hatorah Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.7m during the year ending 08/2022. While expenses have increased by 12.0% 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
TO OPERATE A POST HIGH SCHOOL (UNDERGRADUATE COLLEGE) IN MONSEY NY
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST HIGH SCHOOL RELIGIOUS EDUCATION AND INSTRUCTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mordechai Dick President | Officer | 40 | $53,135 |
Menashe Frankel Vice Preside | Officer | 1 | $0 |
Abraham Klein Secy/treas | Officer | 5 | $0 |
Michael Gruss Vice Preside | Officer | 1 | $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 | $873,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,970 |
| Total Program Service Revenue | $831,555 |
| Investment income | $3 |
| 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 | $1,705,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,150 |
| Grants and other assistance to domestic individuals. | $15,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,895 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,550 |
| Payroll taxes | $14,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,325 |
| Fees for services: Accounting | $20,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $3,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,707 |
| Travel | $3,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $422,725 |
| Insurance | $46,651 |
| All other expenses | $88,680 |
| Total functional expenses | $1,704,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,621 |
| 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 | $65,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,989,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $108,349 |
| Other assets | $0 |
| Total assets | $12,488,776 |
| 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 | $2,541,840 |
| Unsecured mortgages and notes payable | $2,057,500 |
| Other liabilities | $2,156 |
| Total liabilities | $4,601,496 |
| Net assets without donor restrictions | $7,887,280 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,488,776 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yeshiva Heichal Hatorah Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Yeshiva Mateh Aharon Inc Lakewood, NJ | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |