Yeshivat Darche Eres Inc
- Assets
- $74.4m
- Revenue
- $48.4m
- Investments
- $0.0
- Employees
- 477
- Location
- Brooklyn, NY
- Founding
- 01/2012
- Data as of
- 08/2021
- EIN
- 27-4186981
Organization Overview
Yeshivat Darche Eres Inc is located in Brooklyn, NY. The organization was established in 2012. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 08/2021, Yeshivat Darche Eres Inc employed 477 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshivat Darche Eres 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 08/2021, Yeshivat Darche Eres Inc generated $48.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $24.7m during the year ending 08/2021. While expenses have increased by 8.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN A SCHOOL FOR HEBREW RELIGIOUS AND SECULAR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN A SCHOOL FOR HEBREW RELIGIOUS AND SECULAR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ezra Zaafarani Director | Trustee | 6 | $0 |
Jacob Hidary Director | Trustee | 7 | $0 |
Michael Jemal President / Director | OfficerTrustee | 25 | $0 |
Morris Dweck Director | Trustee | 7 | $0 |
Steven Balasiano Director | Trustee | 3 | $0 |
Edward Saff Executive Director | Officer | 45 | $46,870 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Consulting Services Llc Catering Services | 8/30/21 | $283,982 |
Teachcs Computer Instruction Consulting | 8/30/21 | $126,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,257,309 |
| Investment income | $1,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,431,872 |
| Statement of Expenses | |
|---|---|
| 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. | $432,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,236,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,413,640 |
| Payroll taxes | $1,080,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,007 |
| Fees for services: Accounting | $41,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $843,967 |
| Advertising and promotion | $0 |
| Office expenses | $1,242,983 |
| Information technology | $32,661 |
| Royalties | $0 |
| Occupancy | $2,861,751 |
| Travel | $994,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $840,247 |
| Interest | $7,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,372,575 |
| Insurance | $181,270 |
| All other expenses | $0 |
| Total functional expenses | $24,739,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,426,828 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,672,166 |
| Accounts receivable, net | $1,672,918 |
| 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 | $325,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,796 |
| Total assets | $74,421,556 |
| Accounts payable and accrued expenses | $3,144,945 |
| Grants payable | $0 |
| Deferred revenue | $4,734,342 |
| Tax-exempt bond liabilities | $9,296,859 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $82,750 |
| Secured mortgages and notes payable | $17,219,784 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $702,195 |
| Total liabilities | $35,180,875 |
| Net assets without donor restrictions | $38,389,981 |
| Net assets with donor restrictions | $850,700 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $39,240,681 |