Torah Live Incorporated
- Assets
- $119.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, NJ
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 46-0643106
Organization Overview
Torah Live Incorporated is located in Jackson, NJ. The organization was established in 2013. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Live Incorporated 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, Torah Live Incorporated generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 31.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF TORAH LIVE IS TO EDUCATE JEWS TO THE RELEVANCE OF THE TORAH TO THE MODERN JEWISH SOCIETY. TORAH LIVE AIMS TO EDUCATE AND INSPIRE BY FUSING THE POWER OF MODERN TECHNOLOGY WITH AUTHENTIC TORAH WISDOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
A FULLY GAMIFIED WEBSITE PLATFORM WAS LAUNCHED IN 2019. TORAH LIVE HAS PRODUCD VIDEOS AND FILMS AIMED AT EDUCATING YOUTH IN TORAH OBSERVANCE AND CHARACTER DEVELOPMENT. DURING 2022 TORAH LIVE COMPLETED 4 PRODUCTIONS USING STATE OF THE ART ANIMATIONS - INCLUSION 2 PARTS, BEING HAPPY, MUSIC AND LOVINGKINDNESS. EL AL AIRLINES HAS INCLUDED THE TORAH LIVE CONTENT IN THEIR DREAMLINER INFLIGHT VIDEO PROGRAM. MANY THOUSANDS OF PASSENGERS ENJOY THE TORAH PRESENTATIONS WHILE IN THE AIR. THERE WERE OVER 100,000 VISITORS TO THE TORAH LIVE WEBSITE IN 2022. IN A SURVEY WAS CONDUCTED BY AN INDEPENDENT COMPANY THAT SPECIALIZES IN SOCIOLOGICAL AND MARKETING RESEARCH FOR THE JEWISH COMMUNITY, USERS RATED FOUR ATTRIBUTES - OVERALL APPEAL, EDUCATIONAL CONTENT, FUN AND VALUE. 68 PERCENT RATED THE WEBSITE AS EITHER EXCELLENT OR VERY GOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hager President | OfficerTrustee | 2 | $0 |
Peter John Lynn Secretary | OfficerTrustee | 1 | $0 |
Nochum Stilerman Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torah Tech Ltd Co Torah Live Inc Royalties And S | 12/30/22 | $1,204,054 |
Sifra Digital Royalties And S | 12/30/22 | $246,000 |
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 | $1,680,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680,465 |
| Total Program Service Revenue | $90,779 |
| 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 | $1,771,244 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,690 |
| Advertising and promotion | $67,938 |
| Office expenses | $3,145 |
| Information technology | $0 |
| Royalties | $555,000 |
| Occupancy | $0 |
| Travel | $106,068 |
| 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 | $804 |
| Total functional expenses | $1,812,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $540 |
| 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 | $45,000 |
| Total assets | $119,321 |
| Accounts payable and accrued expenses | $726,342 |
| 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 | $0 |
| Other liabilities | $68,258 |
| Total liabilities | $794,600 |
| Net assets without donor restrictions | -$675,279 |
| 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 | $119,321 |