Westchester Torah Academy
- Assets
- $16.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 67
- Location
- New Rochelle, NY
- Founding
- 09/2014
- Data as of
- 06/2023
- EIN
- 46-1423761
Organization Overview
Westchester Torah Academy is located in New Rochelle, NY. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Westchester Torah Academy employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westchester Torah Academy 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 06/2023, Westchester Torah Academy generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. 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
TO PROVIDE CHILDREN WITH AFFORDABLE JEWISH EDUCATION IN A NURTURING AND SPIRITUAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AND EXPANDED THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Biller-Levy Trustee | Trustee | 2 | $0 |
Andrew Bochner Trustee | Trustee | 2 | $0 |
Karen Chubak Trustee | Trustee | 2 | $0 |
Sharon Franklin Trustee | Trustee | 2 | $0 |
Vicky Harrison Trustee | Trustee | 2 | $0 |
Bradley Hercman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ggs Construction | 6/29/23 | $748,856 |
Construction Management Consultants Llc Construction | 6/29/23 | $174,733 |
Jerusalem Catering Catering | 6/29/23 | $148,183 |
The Whalen Berez Group Construction | 6/29/23 | $119,174 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,200 |
| Related organizations | $0 |
| Government grants | $319,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,431,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,877,982 |
| Total Program Service Revenue | $3,091,723 |
| Investment income | $27,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,413 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,642 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,048,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,000 |
| 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 | $2,420,145 |
| Pension plan accruals and contributions | $141,082 |
| Other employee benefits | $247,594 |
| Payroll taxes | $202,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,373 |
| Advertising and promotion | $12,620 |
| Office expenses | $101,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $370,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $350,973 |
| Insurance | $78,071 |
| All other expenses | $166,648 |
| Total functional expenses | $5,042,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,389 |
| Savings and temporary cash investments | $5,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,088 |
| 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 | $13,456,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,682 |
| Other assets | $2,122,982 |
| Total assets | $16,028,980 |
| Accounts payable and accrued expenses | $33,805 |
| Grants payable | $0 |
| Deferred revenue | $460,549 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $7,029,407 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $782,756 |
| Total liabilities | $8,326,517 |
| Net assets without donor restrictions | $7,702,463 |
| 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 | $16,028,980 |