Heichal Hatorah
- Assets
- $10.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 73
- Location
- Teaneck, NJ
- Founding
- 12/2013
- Data as of
- 07/2023
- EIN
- 46-1470485
Organization Overview
Heichal Hatorah is located in Teaneck, NJ. The organization was established in 2013. 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 07/2023, Heichal Hatorah employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heichal Hatorah 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 07/2023, Heichal Hatorah generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $6.5m during the year ending 07/2023. While expenses have increased by 15.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIGIOUS AND SECULAR EDUCATION FOR HIGH SCHOOL BOYS
Describe the Organization's Program Activity:
RELIGIOUS AND SECULAR EDUCATION FOR HIGH SCHOOL AGED BOYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
See Attached Schedule See Schedule | 45 | $1,047,033 | |
Rabbi Simcha Katz Board Of Gov | Trustee | $0 | |
Rabbi Josh Blass Board Of Gov | Trustee | $0 | |
Gail Licht Board Of Gov | Trustee | $0 | |
Dr Aron Schwarcz Board Of Gov | Trustee | $0 | |
Aryeh Sheinbein President | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horizon Blue Cross Blue Shield Health Insuranc | 7/30/23 | $333,996 |
Ac Caterers Llc Catering | 7/30/23 | $152,149 |
John Leckie Inc Transportation | 7/30/23 | $139,511 |
Eastern Essential Services Janitorial | 7/30/23 | $130,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,148,861 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,782,007 |
| Total Program Service Revenue | $4,657,228 |
| 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 | $32,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,484,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,001,461 |
| 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 | $2,231,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,329,089 |
| Payroll taxes | $215,563 |
| 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 | $0 |
| Advertising and promotion | $79,234 |
| Office expenses | $165,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,986 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,730 |
| Insurance | $53,150 |
| All other expenses | $4,554 |
| Total functional expenses | $6,537,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $696,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $395,529 |
| Accounts receivable, net | $246,153 |
| 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 | $7,644 |
| Net Land, buildings, and equipment | $8,967,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,977 |
| Other assets | $57,152 |
| Total assets | $10,376,440 |
| Accounts payable and accrued expenses | $567,995 |
| Grants payable | $0 |
| Deferred revenue | $799,382 |
| 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 | $8,378,442 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,000 |
| Total liabilities | $9,807,819 |
| Net assets without donor restrictions | $332,890 |
| Net assets with donor restrictions | $235,731 |
| 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 | $10,376,440 |