Zichron Chaim Inc
- Assets
- $11.2m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 65
- Location
- Monsey, NY
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-0706700
Organization Overview
Zichron Chaim Inc, operating under the name Ruach Chaim, is located in Monsey, NY. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Ruach Chaim employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruach Chaim 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 12/2022, Ruach Chaim generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 14.8% 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, Ruach Chaim has awarded 49 individual grants totaling $2,000,644. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ZICHRON CHAIM INC., DBA RUACH CHAIM, IS A PUBLIC BENEFIT NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. SPECIFICALLY IT WAS FORMED IN ORDER TO OPERATE A SUMMER CAMP FOR RELIGIOUS TEENS IN JUNIOR HIGH AND HIGH SCHOOL, WITH THE OBJECTIVE OF PROVIDING AN AFFORDABLE CAMPING EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAMP IS A SLEEP AWAY PROGRAM THE PURPOSE OF WHICH IS TO PROVIDE AN AFFORDABLE CAMPING EXPERIENCE FOR RELIGIOUS TEENS IN JUNIOR HIGH AND HIGH SCHOOL, AND ENSURE THAT THEY ARE IN A SAFE AND CONTROLLED ENVIRONMENT.
TALMUDIC RESEARCH AND LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Perlstein Director | Officer | 50 | $168,000 |
Tzvi Y Perlstein President | OfficerTrustee | 10 | $50,000 |
Shraga F Hershkowitz Secretary | Trustee | 3 | $0 |
Yosef B Jacobovitch Vice Preside | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,937 |
| Total Program Service Revenue | $3,703,937 |
| Investment income | $958,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $304,001 |
| Net Gain/Loss on Asset Sales | $829,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,027,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $797,341 |
| Grants and other assistance to domestic individuals. | $106,944 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $218,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $119,237 |
| Payroll taxes | $42,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,462 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,618 |
| Advertising and promotion | $0 |
| Office expenses | $128,505 |
| Information technology | $8,932 |
| Royalties | $0 |
| Occupancy | $191,412 |
| Travel | $386,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $261,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,050 |
| Insurance | $226,788 |
| All other expenses | $678,748 |
| Total functional expenses | $5,328,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$134,921 |
| 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 | $5,319,974 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,347,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $209,589 |
| Other assets | $1,420,000 |
| Total assets | $11,161,696 |
| Accounts payable and accrued expenses | $109,464 |
| 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 | $121,235 |
| Secured mortgages and notes payable | $6,729,053 |
| Unsecured mortgages and notes payable | $1,207,613 |
| Other liabilities | $0 |
| Total liabilities | $8,167,365 |
| Net assets without donor restrictions | $2,994,331 |
| 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 | $11,161,696 |
Grants Awarded
Over the last fiscal year, Zichron Chaim Inc has awarded $752,425 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TIFERES CHAIM PURPOSE: EDUCATION | $621,000 |
BETH PINCHAS PURPOSE: EDUCATION | $11,750 |
AGUDAS TOV VCHESED PURPOSE: EDUCATION | $10,000 |
MORESHES BAIS YAAKOV PURPOSE: EDUCATION | $21,000 |
CONG KHAL MICHAS CHINUCH PURPOSE: EDUCATION | $18,000 |
CHEDER TORAS ZEV PURPOSE: EDUCATION | $25,000 |