Sephardic Academy Of Manhattan
- Assets
- $16.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 37
- Location
- New York, NY
- Founding
- 05/2011
- Data as of
- 06/2021
- EIN
- 35-2392220
Organization Overview
Sephardic Academy Of Manhattan is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Sephardic Academy Of Manhattan employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sephardic Academy Of Manhattan 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, Sephardic Academy Of Manhattan generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
PRE-SCHOOL EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-SCHOOL EDUCATIONAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Elie Abadie Chairperson | OfficerTrustee | 2.5 | $0 |
Daniel Harari Board Member/treasurer | OfficerTrustee | 2.5 | $0 |
Bert I Dweck Board Member | Trustee | 2.5 | $0 |
Daniel Levy Board Member | Trustee | 2.5 | $0 |
Elliot Attie Board Member/treasurer | OfficerTrustee | 2.5 | $0 |
Debbie Lindenbaum Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,614 |
| Investment income | $2,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$900,528 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$959 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,990,692 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,097,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,656 |
| Payroll taxes | $75,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,419 |
| Fees for services: Accounting | $68,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,000 |
| Advertising and promotion | $0 |
| Office expenses | $9,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,200 |
| Travel | $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 | $28,202 |
| Insurance | $78,884 |
| All other expenses | $0 |
| Total functional expenses | $1,790,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,471,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,225,182 |
| 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 | $127,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,185 |
| Total assets | $16,256,668 |
| Accounts payable and accrued expenses | $467,176 |
| Grants payable | $0 |
| Deferred revenue | $830,789 |
| 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 | $6,939,458 |
| Unsecured mortgages and notes payable | $384,091 |
| Other liabilities | $1,545,596 |
| Total liabilities | $10,167,110 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,089,558 |