Bet Yaakov Of The Jersey Shore Inc
- Assets
- $4.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 114
- Location
- West Long Branch, NJ
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 27-0772137
Organization Overview
Bet Yaakov Of The Jersey Shore Inc is located in West Long Branch, NJ. The organization was established in 2010. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Bet Yaakov Of The Jersey Shore Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bet Yaakov Of The Jersey Shore 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 06/2021, Bet Yaakov Of The Jersey Shore Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 11.1% per year over the past 6 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
BET YAAKOV OF THE JERSEY SHORE INC. WAS FORMED FOR EDUCATIONAL, RELIGIOUS AND CHARITABLE PURPOSES TO OPERATE A PAROCIAL GRADE SCHOOL IN MONMOUTH COUNTY NEW JERSEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PAROCHIAL PRESCHOOL AND GRADE SCHOOL IN MONMOUTH COUNTY, NEW JERSEY, WITH APPROXIMATELY 250 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Shalom President | Trustee | 10 | $0 |
Steven Botton Secretary | Trustee | 10 | $0 |
Scott Betesh VP | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $347,924 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,260,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,608,189 |
| Total Program Service Revenue | $3,396,240 |
| 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 | $5,069,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,183 |
| 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 | $1,719,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,674 |
| Payroll taxes | $142,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,334 |
| Advertising and promotion | $13,667 |
| Office expenses | $119,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,636 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $81,761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,656 |
| Insurance | $42,985 |
| All other expenses | $24,850 |
| Total functional expenses | $4,036,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309,245 |
| 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 | $3,510,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $43,334 |
| Other assets | $0 |
| Total assets | $4,862,948 |
| 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 | $2,216,331 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,216,331 |
| Net assets without donor restrictions | $2,646,617 |
| 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 | $4,862,948 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Bet Yaakov Of The Jersey Shore Inc has recieved totaling $387,493.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $153,578 |
Meyer & Susan Edery Foundation Brooklyn, NY PURPOSE: CHARITABLE | $40,200 |
Jack Adjmi And Family Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES | $34,450 |
Adjmi-Dwek Family Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES | $26,000 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ PURPOSE: GENERAL CHARITABLE PURPOSE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $19,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |