Mesivta Nezer Hatorah Inc
- Assets
- $9.2m
- Revenue
- $2.9m
- Investments
- $1.5m
- Employees
- 11
- Location
- Lakewood, NJ
- Founding
- 01/2014
- Data as of
- 08/2023
- EIN
- 45-5532147
Organization Overview
Mesivta Nezer Hatorah Inc is located in Lakewood, NJ. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Mesivta Nezer Hatorah Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mesivta Nezer Hatorah 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 08/2023, Mesivta Nezer Hatorah Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.4m during the year ending 08/2023. While expenses have increased by 10.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A JEWISH ORTHODOX HIGH SCHOOL CATERING TO APPROXIMATELY 155 STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MESIVTA NEZER HATORAH IS A PRIVATE HIGH SCHOOL SERVING APPROXIMATELY 155 STUDENTS WITH A CURRICULUM IN ACCORDANCE WITH THE JEWISH ORTHODOX FAITH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chananya Kanarek Ttee | Trustee | 2 | $18,000 |
Aharon Koot Ttee | Trustee | 2 | $0 |
Aharon Rabinowitz Ttee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,049,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257,498 |
| Total Program Service Revenue | $1,268,404 |
| Investment income | $91,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $248,200 |
| 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 | $2,865,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,114 |
| Grants and other assistance to domestic individuals. | $213,266 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $171,836 |
| Payroll taxes | $26,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,531 |
| Advertising and promotion | $15,705 |
| Office expenses | $55,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $351,427 |
| Travel | $35,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $198,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,419 |
| Insurance | $15,426 |
| All other expenses | $3,261 |
| Total functional expenses | $2,378,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $330,603 |
| Accounts receivable, net | $16,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $398,414 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,922,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,536,083 |
| Investments—program-related | $0 |
| Intangible assets | $32,255 |
| Other assets | $96,267 |
| Total assets | $9,223,995 |
| Accounts payable and accrued expenses | $106,894 |
| Grants payable | $0 |
| Deferred revenue | $29,000 |
| 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 | $2,903,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,039,814 |
| Net assets without donor restrictions | $6,184,181 |
| 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 | $9,223,995 |
Grants Awarded
Over the last fiscal year, Mesivta Nezer Hatorah Inc has awarded $39,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EZRA L'KALLAH PURPOSE: CHARITABLE | $15,000 |
YESHIVA DEGEL HATORAH PURPOSE: EDUCATIONAL | $11,500 |
YESHIVA EITZ CHAIM OF HILLSIDE PURPOSE: EDUCATIONAL | $6,800 |
YESHIVA TIFERES CHAIM YISROEL PURPOSE: EDUCATIONAL | $6,300 |