Westchester Torah Academy
- Assets
- $15.8m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 52
- Location
- New Rochelle, NY
- Founding
- 09/2014
- Data as of
- 06/2022
- 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 06/2022, Westchester Torah Academy employed 52 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 06/2022, Westchester Torah Academy generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. 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
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 |
|---|---|---|---|
Deganit Ronen Head Of School | 40 | $192,375 | |
Brian Moore Treasurer | OfficerTrustee | 10 | $0 |
Michal Paley President | Officer | 10 | $0 |
Shira Danzig Vice President | Officer | 2 | $0 |
Michelle Biller-Levy Trustee | Trustee | 2 | $0 |
Andrew Bochner Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Construction Management Consultants Llc Construction | 6/29/22 | $1,684,036 |
Amara Associates Llc Construction | 6/29/22 | $995,638 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $139,937 |
| Related organizations | $0 |
| Government grants | $1,276,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $713,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,129,746 |
| Total Program Service Revenue | $2,897,781 |
| Investment income | $246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,036,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| 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 | $1,714,703 |
| Pension plan accruals and contributions | $83,652 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,758 |
| 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 | $78,004 |
| Advertising and promotion | $11,313 |
| Office expenses | $101,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $262,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,878 |
| Insurance | $287,385 |
| All other expenses | $178,297 |
| Total functional expenses | $3,743,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,390 |
| Savings and temporary cash investments | $4,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $458,290 |
| 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 | $13,728,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $182,597 |
| Other assets | $1,073,792 |
| Total assets | $15,819,030 |
| Accounts payable and accrued expenses | $197,872 |
| Grants payable | $0 |
| Deferred revenue | $338,950 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $74,000 |
| Secured mortgages and notes payable | $6,626,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $885,019 |
| Total liabilities | $8,122,351 |
| Net assets without donor restrictions | $7,696,679 |
| 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 | $15,819,030 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Westchester Torah Academy has recieved totaling $344,557.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $249,253 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY PURPOSE: BUILDING RENO, LIFE INS, SCHOLARSHIPS | $80,427 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,535 |
Irving And Bernice Singer Family Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |