Hebrew Academy Of Cleveland
- Assets
- $75.6m
- Revenue
- $33.5m
- Investments
- $937.0k
- Employees
- 577
- Location
- Cleveland Heights, OH
- Founding
- 02/1978
- Data as of
- 06/2023
- EIN
- 34-0714428
Organization Overview
Hebrew Academy Of Cleveland is located in Cleveland Heights, OH. The organization was established in 1978. 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 06/2023, Hebrew Academy Of Cleveland employed 577 individuals. This organization is the central organization for a national or regional group of organizations. Hebrew Academy Of Cleveland 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 06/2023, Hebrew Academy Of Cleveland generated $33.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $28.4m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 8 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.
Since 2015, Hebrew Academy Of Cleveland has awarded 215 individual grants totaling $7,834,615. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMY OFFERING A COMPLETE JUDAIC & SECULAR EDUCATIONAL PROGRAM FROM PRE-K THROUGH HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY, OFFERING A COMPLETE AWARD-WINNING JUDAIC AND SECULAR EDUCATIONAL PROGRAM FROM PRE-KINDERGARTEN THROUGH HIGH SCHOOL OPENED ITS DOORS FOR THE 80TH SEASON IN SEPTEMBER OF 2022 WITH AN ENROLLMENT OF 1,387 STUDENTS. THE ACADEMY IS THE LARGEST DAY SCHOOL IN THE STATE OF OHIO. WITH EXCELLENCE AS OUR MOTTO WE STRIVE TO ASCERTAIN THE ABILITIES OF EACH CHILD AND TO HELP EACH CHILD ACHIEVE HIS OR HER FULLEST POTENTIAL. IN ADDITION TO ITS REGULAR CLASSES, TOGETHER WITH THE LOCAL SCHOOL DISTRICT, WE PROVIDE OUR STUDENTS WITH THE SERVICES OF A SCHOOL NURSE, SCHOOL INTERVENTIONISTS, SOCIAL WORKERS, LANGUAGE AND SPEECH SPECIALISTS AND SEVERAL REMEDIAL TEACHERS. SOME OF THE PROFESSIONALS, TOGETHER WITH MEMBERS OF THE SCHOOL'S EDUCATIONAL ADMINISTRATION, FORM A CASE CONFERENCE TEAM WHICH MEETS REGULARLY TO DISCUSS THE PROGRESS OFINDIVIDUAL STUDENTS BROUGHT TO THEIR ATTENTION BY TEACHERS, AND OUTLINE AN INDIVIDUAL EDUCATIONAL PROGRAM FOR EACH CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Malcmacher President | OfficerTrustee | 1 | $0 |
Mel Waxman Vice Chairman | OfficerTrustee | 1 | $0 |
Ivan A Soclof Immediate Past President | OfficerTrustee | 1 | $0 |
Amir Jaffa Vice President | OfficerTrustee | 1 | $0 |
Harry M Brown Vice President | OfficerTrustee | 1 | $0 |
Jonathan Heifetz Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,288,322 |
| Membership dues | $0 |
| Fundraising events | $115,234 |
| Related organizations | $0 |
| Government grants | $2,584,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,532,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,520,649 |
| Total Program Service Revenue | $20,262,280 |
| Investment income | $588,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $297,361 |
| Net Gain/Loss on Asset Sales | $136,985 |
| Net Income from Fundraising Events | -$349,871 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,456,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $673,372 |
| Grants and other assistance to domestic individuals. | $7,174,818 |
| 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 | $11,118,323 |
| Pension plan accruals and contributions | $531,159 |
| Other employee benefits | $126,906 |
| Payroll taxes | $923,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,159,915 |
| Advertising and promotion | $0 |
| Office expenses | $1,164,899 |
| Information technology | $97,193 |
| Royalties | $0 |
| Occupancy | $1,707,892 |
| Travel | $87,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,098,495 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,418,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,153,109 |
| Savings and temporary cash investments | $1,804,562 |
| Pledges and grants receivable | $7,591,982 |
| Accounts receivable, net | $1,676,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $176,401 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,934 |
| Net Land, buildings, and equipment | $38,579,420 |
| Investments—publicly traded securities | $22,668,023 |
| Investments—other securities | $937,009 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,600,275 |
| Accounts payable and accrued expenses | $3,327,140 |
| Grants payable | $0 |
| Deferred revenue | $153,865 |
| 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 | $5,560,367 |
| Other liabilities | $3,890,314 |
| Total liabilities | $12,931,686 |
| Net assets without donor restrictions | $44,905,055 |
| Net assets with donor restrictions | $17,763,534 |
| 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 | $75,600,275 |
Grants Awarded
Over the last fiscal year, Hebrew Academy Of Cleveland has awarded $414,368 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AHAVATH ISRAEL PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN FRIENDS OF KIRYAT CHINUCH LEBONIM PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICAN FRIENDS OF YESHIVAS NESIVOS AHRON PURPOSE: GENERAL SUPPORT | $10,000 |
BAIS EFRAIM PURPOSE: GENERAL SUPPORT | $18,000 |
BAIS YAAKOV CHAFETZ CHAIM PURPOSE: GENERAL SUPPORT | $9,000 |
BAIS YAAKOV ACADEMY PURPOSE: GENERAL SUPPORT | $18,000 |