Jcrafts By Chabad Inc
- Assets
- $46.9k
- Revenue
- $240.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Rockville, MD
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 45-4685553
Organization Overview
Jcrafts By Chabad Inc is located in Rockville, MD. The organization was established in 2012. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Jcrafts By Chabad Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jcrafts By Chabad 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 12/2021, Jcrafts By Chabad Inc generated $240.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $216.3k during the year ending 12/2021. While expenses have increased by 14.8% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SPREAD THE JEWISH CULTURE, PRIMARILY BY WAY OF HANDS-ON JEWISH EDUCATIONAL CRAFTS AND WORKSHOPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND SPREAD THE JEWISH CULTURE, PRIMARILY BY WAY OF HANDS-ON JEWISH EDUCATIONAL CRAFTS AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levi Raskin President | OfficerTrustee | 40 | $66,713 |
Fraida Landa-Raskin Secretary | OfficerTrustee | 0 | $0 |
Eli Backman Director | Trustee | 0 | $0 |
Hillel Baron Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,568 |
| Total Program Service Revenue | $22,153 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $240,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279 |
| 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. | $115,201 |
| Compensation of current officers, directors, key employees. | $23,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,336 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $6,287 |
| Total functional expenses | $216,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,897 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,897 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $4,325 |
| Other liabilities | $0 |
| Total liabilities | $4,325 |
| Net assets without donor restrictions | $42,572 |
| 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 | $46,897 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jcrafts By Chabad Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 08/16/21 | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillel The Foundation For Jewish Campus Life Washington, DC | $59,597,632 | $57,858,837 |
Melvin J Berman Hebrew Academy Rockville, MD | $21,700,118 | $19,042,162 |
Star K Certification Inc Baltimore, MD | $13,119,889 | $14,968,391 |
Foundation For The Preservation & Perpetuation Of Torah Laws & Custo Baltimore, MD | $1,651,500 | $10,874,749 |
Momentum Unlimited Inc Rockville, MD | $5,766,126 | $8,748,031 |
Camp Morasha Inc Lakewood, PA | $14,774,657 | $11,987,429 |
Abrams Hebrew Academy Yardley, PA | $3,322,316 | $5,470,674 |
Rabbi Chaim Nachman Kowalsky Memorial Ahavas Yisrael Fund Inc Baltimore, MD | $5,482,987 | $4,042,521 |
Talmudical Yeshiva Of Philadelphia Philadelphia, PA | $20,319,303 | $5,074,262 |
Pearlstone Conference & Retreat Center Inc Reistertown, MD | $8,808,183 | $5,120,827 |
Sixth & I Synagogue Inc Washington, DC | $16,737,511 | $5,654,851 |
Moving Traditions Elkins Park, PA | $3,152,130 | $3,463,085 |