Hoffberger Fund For Biblical Studies Ltd
- Assets
- $993.2k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Inwood, NY
- Founding
- 02/2012
- Data as of
- 06/2021
- EIN
- 27-3846145
Organization Overview
Hoffberger Fund For Biblical Studies Ltd is located in Inwood, NY. The organization was established in 2012. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Hoffberger Fund For Biblical Studies Ltd employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoffberger Fund For Biblical Studies Ltd 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, Hoffberger Fund For Biblical Studies Ltd generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 14.8% 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
TO CREATE VIDEO AND OTHER EDUCATIONAL MATERIALS THAT DELVE INTO JEWISH TEXT AND OTHER SOURCES IN JEWISH STUDIES. WE SEEK TO SPREAD THE AVAILABILITY AND ACCESSIBILITY OF THIS TYPE OF EDUCATION TO AS MANY PEOPLE AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALEPH BETA CREATED A MULTI-TIERED SUBSCRIPTION PLAN FOR THEIR SUPPORTERS TO BE ABLE TO SPONSOR VIEWS OF EDUCATIONAL VIDEOS HOSTED ON THEIR ORGANIZATION'S WEBSITE AND MOBILE APP. THESE COME IN MEMBER/PREMIUM/FRIEND/EDUCATOR LEVELS , AND EACH HAVE MONTHLY AND ANNUAL OPTIONS.
ALEPH BETA PROMOTES AND SELLS THEIR THREE PUBLISHED BOOKS THE ORGANIZATION ALWAYS RESEARCHES AND WORKS ON NEW SCRIPTS, FOR POTENTIAL FUTURE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Immanuel Shalev CEO | Officer | 40 | $90,275 |
Rabbi David Fohrman Director | Trustee | 40 | $48,941 |
Steve Wagner Chairman | OfficerTrustee | 10 | $0 |
Jopshua Malin Treasurer | OfficerTrustee | 10 | $0 |
Robert Rothenberg Vice President | OfficerTrustee | 10 | $0 |
Kuty Shalev President | OfficerTrustee | 10 | $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 | $1,077,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,077,354 |
| Total Program Service Revenue | $1,608,248 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,688 |
| 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 | $61,483 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,815,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $460,163 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,541 |
| Payroll taxes | $59,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,644 |
| Advertising and promotion | $365,279 |
| Office expenses | $48,255 |
| Information technology | $312,424 |
| Royalties | $0 |
| Occupancy | $89,000 |
| Travel | $5,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,171 |
| All other expenses | $0 |
| Total functional expenses | $2,423,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $129,888 |
| Accounts receivable, net | $137,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,934 |
| Prepaid expenses and deferred charges | $3,009 |
| Net Land, buildings, and equipment | $15,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $993,193 |
| Accounts payable and accrued expenses | $102,812 |
| Grants payable | $0 |
| Deferred revenue | $334,771 |
| 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 | $91,000 |
| Total liabilities | $528,583 |
| Net assets without donor restrictions | $464,610 |
| 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 | $993,193 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hoffberger Fund For Biblical Studies Ltd has recieved totaling $179,573.
| Awarding Organization | Amount |
|---|---|
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $96,793 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $82,600 |
Shorelawn Fund Brooklyn, NY PURPOSE: YESHIVA | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |
The Lehigh Conference Of Churches Allentown, PA | $5,159,637 | $6,852,485 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Revival Today Inc Coraopolis, PA | $3,527,632 | $7,706,926 |
Christian Churches United Of The Tri-County Area Harrisburg, PA | $2,164,616 | $5,131,299 |
Lutheran Social Mission Society Of Philadelphia Philadelphia, PA | $4,708,767 | $5,481,432 |