Rabbinical College Of Telshe Inc
- Assets
- $5.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 134
- Location
- Wickliffe, OH
- Founding
- 04/1953
- Data as of
- 06/2022
- EIN
- 34-0801310
Organization Overview
Rabbinical College Of Telshe Inc is located in Wickliffe, OH. The organization was established in 1953. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Rabbinical College Of Telshe Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rabbinical College Of Telshe 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 06/2022, Rabbinical College Of Telshe Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A POST-SECONDARY INSTITUTION OFFERING ADVANCED RABBINICAL EDUCATION AS WELL AS A HIGH-SCHOOL PREPARATORY PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE HIGH-SCHOOL AND POST-SECONDARY INSTITUTION OFFERING HIGH-SCHOOL AND ADVANCED RABBINICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi David Goldberg President | OfficerTrustee | 40 | $68,016 |
Rabbi Sholom Shapiro Secretary | OfficerTrustee | 40 | $50,400 |
Rabbi Anshel Helman Treasurer | OfficerTrustee | 40 | $57,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,251,456 |
| Related organizations | $0 |
| Government grants | $684,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,505,066 |
| Noncash contributions included in lines 1a–1f | $61,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,441,127 |
| Total Program Service Revenue | $2,295,572 |
| Investment income | $13,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$207,958 |
| Net Income from Gaming Activities | $49,403 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,591,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,880 |
| 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. | $195,799 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,076,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,684 |
| Payroll taxes | $58,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,864 |
| Fees for services: Accounting | $62,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,747 |
| Advertising and promotion | $66,091 |
| Office expenses | $178,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,949 |
| Travel | $38,714 |
| 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 | $120,152 |
| Insurance | $60,945 |
| All other expenses | $0 |
| Total functional expenses | $4,317,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039,827 |
| Savings and temporary cash investments | $600,841 |
| Pledges and grants receivable | $102,252 |
| Accounts receivable, net | $237,112 |
| 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 | $35,250 |
| Net Land, buildings, and equipment | $3,062,213 |
| Investments—publicly traded securities | $781,005 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,858,500 |
| Accounts payable and accrued expenses | $538,209 |
| 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 | $310,000 |
| Unsecured mortgages and notes payable | $256,874 |
| Other liabilities | $0 |
| Total liabilities | $1,105,083 |
| Net assets without donor restrictions | $4,549,232 |
| Net assets with donor restrictions | $204,185 |
| 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 | $5,858,500 |
Grants Awarded
Over the last fiscal year, Rabbinical College Of Telshe Inc has awarded $35,296 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MATAN B'SAYSER PURPOSE: RABBINICAL EDUCATION ASSISTANCE | $21,296 |
CONGREGATION TIFERES AVIGDOR PURPOSE: RABBINICAL EDUCATION ASSISTANCE | $14,000 |