Oholei Yosef Yitzchak Lubavitch
- Assets
- $10.4m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 119
- Location
- Oak Park, MI
- Founding
- 02/1997
- Data as of
- 08/2023
- EIN
- 38-3253099
Organization Overview
Oholei Yosef Yitzchak Lubavitch is located in Oak Park, MI. The organization was established in 1997. 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 08/2023, Oholei Yosef Yitzchak Lubavitch employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oholei Yosef Yitzchak Lubavitch 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 08/2023, Oholei Yosef Yitzchak Lubavitch generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $5.9m during the year ending 08/2023. While expenses have increased by 11.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOR STUDENTS TO OBTAIN THE SKILLS NECESSARY TO GROW INTO CARING AND RESPONSIBLE CITIZENS THAT ARE READY TO BE ACTIVE AND COMPASSIONATE PARTICIPANTS IN SOCIETY, AND CONTRIBUTE TO HUMANITY THROUGH POSITIVE CHARITABLE ACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A FAITH BASED EDUCATIONAL CENTER, PROVIDING TOP NOTCH EDUCATION AND IMBUING CHILDREN WITH A SENSE OF VALUES. FOR THE YEAR ENDED AUGUST 31, 2022, THE EDUCATIONAL CENTER HAD 450 CHILDREN ENROLLED, THE MAJORITY OF WHOM COME FROM LOW INCOME HOUSEHOLDS. OUR ORGANIZATION DOES NOT TURN AWAY ANY CHILD BECAUSE OF AN INABILITY TO PAY TUITION. OUR ORGANIZATION RELIES ON DONATIONS FROM THE GENERAL PUBLIC TO FUND ANY DEFICITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yosef Gourarie Director | Trustee | 3 | $64,695 |
Rabbi Bentzion Stein President | OfficerTrustee | 40 | $44,975 |
Levi Shemtov Director | Trustee | 3 | $8,400 |
Menachem M Shemtov Secretary | Trustee | 3 | $0 |
Kasriel Shemtov Treasurer | Trustee | 3 | $0 |
Yosef Y Shemtov Director | Trustee | 3 | $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 | $1,564,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,564,938 |
| Total Program Service Revenue | $4,762,645 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,591 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,352,174 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,152,135 |
| Other salaries and wages | $10,086 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $385,009 |
| Payroll taxes | $134,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,329 |
| Fees for services: Accounting | $2,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,285 |
| Advertising and promotion | $1,000 |
| Office expenses | $33,561 |
| Information technology | $5,712 |
| Royalties | $0 |
| Occupancy | $925,205 |
| Travel | $15,018 |
| 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 | $327,915 |
| Insurance | $20,026 |
| All other expenses | $21,151 |
| Total functional expenses | $5,870,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,009,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,389,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,091 |
| Other assets | $0 |
| Total assets | $10,400,957 |
| Accounts payable and accrued expenses | $49,762 |
| 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 | $1,240,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,289,762 |
| Net assets without donor restrictions | $9,111,195 |
| 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 | $10,400,957 |
Grants Awarded
Over the last fiscal year, Oholei Yosef Yitzchak Lubavitch has awarded $7,943 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF GUANGZHOU PURPOSE: to promote Chabad Outreach programs | $5,000 |
CHABAD OF ALTOONA PURPOSE: to promote Chabad Outreach programs | $1,943 |
CHABAD OF PALM CITY PURPOSE: to promote Chabad Outreach programs | $1,000 |