Torah Live Incorporated
- Assets
- $102.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, NJ
- Founding
- 02/2013
- Data as of
- 12/2021
- 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 12/2021, Torah Live Incorporated generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 30.7% 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
2021
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 EARLIER THIS SPRING. A VERY LARGE LIVE ACTION FILM WAS BEGUN AS WELL, AND ITS FILMING CONTINUED THROUGH THE SUMMER. ALL TOLD SIX NEW ANIMATED VIDEOS WERE MADE TOGETHER WITH THEIR QUIZZES, GAMES, COMIC ILLUSTRATIONS, AND BEHIND THE SCENES CLIPS. THESE FILMS WERE INDIVIDUALITY, STANDING FOR THE ELDERLY, GRATITUDE, ASHER YATZAR, CHESED, AND FRIENDSHIP. THERE ARE SEVERAL MORE IN THE PIPELINE TO COMPLETE BY YEAR'S END. FOR INSTANCE, INCLUSION AND BEING HAPPY. OVER 8,900 CHILDREN HAVE COMPLETED OVER 20,000 HOURS OF LEARNING ON THE PLATFORM SINCE ITS LAUNCH IN APRIL 2021. "AROUND THE YEAR" WAS RE EDITED AGAIN THIS YEAR SINCE SO MANY NEW FILMS WERE ADDED, LAST YEAR'S BROCHURE COULD NO LONGER BE USED. IN LATE DECEMBER 2022 THERE WILL BE A THIRD PARTY SURVEY CONDUCTED TO ASSESS IMPACT AND EDUCATIONAL VALUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hager President | OfficerTrustee | $0 | |
Nochum Stilerman Treasurer | OfficerTrustee | $0 | |
Peter John Lynn Secretary | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Torah Tech Ltd Co Torah Live Inc Royalties And S | 12/30/21 | $933,573 |
Sifra Digital Royalties And S | 12/30/21 | $136,000 |
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 | $1,145,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,145,952 |
| Total Program Service Revenue | $55,422 |
| 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 | $1,201,374 |
| 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 | $60 |
| Fees for services: Accounting | $9,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,446 |
| Advertising and promotion | $58,287 |
| Office expenses | $10,906 |
| Information technology | $0 |
| Royalties | $525,000 |
| Occupancy | $0 |
| 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 | $8,585 |
| Total functional expenses | $1,335,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,365 |
| 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 | $45,000 |
| Total assets | $102,365 |
| Accounts payable and accrued expenses | $736,700 |
| 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 | $0 |
| Total liabilities | $736,700 |
| Net assets without donor restrictions | -$634,335 |
| 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 | $102,365 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Torah Live Incorporated has recieved totaling $107,028.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $51,728 |
Volosov Family Foundation Baltimore, MD PURPOSE: OPERATING SUPPORT | $50,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $5,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |
Keren Hashviis Inc Lakewood, NJ | $9,961,423 | $20,140,768 |
Yeshiva Har Torah Little Neck, NY | $25,134,621 | $10,742,196 |