Machon Lchoson Mishpat Inc
- Assets
- $52.4k
- Revenue
- $410.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Brooklyn, NY
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 26-1995974
Organization Overview
Machon Lchoson Mishpat Inc, operating under the name Business Halacha Institute, is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Business Halacha Institute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Halacha Institute 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, Business Halacha Institute generated $410.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $477.4k during the year ending 12/2021. 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
THE MACHON LCHOSHEN MISHPAT (MACHON) WAS ORGANIZED TO RAISE AWARENESS, EDUCATE AND PROVIDE RELATED SERVICES IN THE FIELD OF JEWISH BUSINESS LAW. SPECIFICALLY, AWARENESS AND PRACTICE OF HALACHA IN RELATION TO BUSINESS MATTERS BOTH DOMESTICALLY AND IN THE OFFICE (E.G. FINANCE, CONTRACTS, CONVEYANCE, DISPUTE RESOLUTION) IS PRACTICALLY NON-EXISTENT OR AT BEST MISUNDERSTOOD. THIS IS TRUE OF THE LAYMAN AS WELL AS PRACTICING PROFESSIONALS. IT IS OUR PURPOSE TO MAKE THE POPULATION AWARE OF THE APPLICABILITY OF HALACHA TO EVERYDAY BUSINESS MATTERS AND HOW MODERN BUSINESS AND HALACHA CAN AND SHOULD COEXIST AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MACHON LCHOSHEN MISHPAT (MACHON) WAS ORGANIZED TO RAISE AWARENESS, EDUCATE AND PROVIDE RELATED SERVICES IN THE FIELD OF JEWISH BUSINESS LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Otto Cohen Dean | OfficerTrustee | 40 | $40,000 |
Moshe Hartstein Director | OfficerTrustee | $0 | |
Joseph I Kazarnovsky Director | 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 | $341,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,296 |
| Total Program Service Revenue | $69,520 |
| 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 | $410,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,400 |
| 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 | $117,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,600 |
| Payroll taxes | $20,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,439 |
| Advertising and promotion | $0 |
| Office expenses | $64,585 |
| Information technology | $44,332 |
| Royalties | $0 |
| Occupancy | $111,655 |
| Travel | $13,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$27 |
| All other expenses | $0 |
| Total functional expenses | $477,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,640 |
| 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 | $15,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,063 |
| Other assets | $0 |
| Total assets | $52,437 |
| Accounts payable and accrued expenses | $2,252 |
| 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 | $74,187 |
| Total liabilities | $76,439 |
| Net assets without donor restrictions | -$24,002 |
| 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 | $52,437 |
Grants Awarded
Over the last fiscal year, Machon Lchoson Mishpat Inc has awarded $36,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONG KEHILAS BELZ PURPOSE: RELIGIOUS | $22,400 |
Brooklyn, NY | | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Machon Lchoson Mishpat Inc has recieved totaling $8,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $8,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society For Hebrew Day Schools Brooklyn, NY | $59,848,219 | $54,168,164 |
Yeshivat Darche Eres Inc Brooklyn, NY | $74,421,556 | $48,431,872 |
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |