Torah Center For Higher Rabbinical Studies Inc is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, 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 Center For Higher Rabbinical Studies Inc 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 Center For Higher Rabbinical Studies Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 30.6% 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
TO AID RABBINICAL STUDENTS,EDUCATIONAL INSTITUTIONS, RELIGIOUS ORGANIZATIONS, CHARITABLE YOUTH ACTIVITIES, SYNAGOUGES AND THE POOR AND INDIGENT OF ISRAELAND THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS DISTRIBUTED GRANTS TO INDIVIDUALS AS WELL AS ORGANIZATIONS WHO SHARE OUR PURPOSE . GRANTS IN EXCESS OF 3,800,000 DOLLARS HAVE BEEN DISTRIBUTED IN YEAR 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Isaiah Jacob Billowitz | Trustee | 2 | $0 |
Isaac Kleinbart | Trustee | 1 | $0 |
Gary Davidman | Trustee | 3 | $0 |
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 | $4,155,750 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,155,750 |
Total Program Service Revenue | $0 |
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 | $1,805 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,157,555 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $220,953 |
Grants and other assistance to domestic individuals. | $9,160 |
Grants and other assistance to Foreign Orgs/Individuals | $3,591,503 |
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 | $675 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $180,253 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $160,280 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $208 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $528 |
All other expenses | $18,743 |
Total functional expenses | $4,242,208 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $48,469 |
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 | $0 |
Total assets | $48,469 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $0 |
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 | $48,469 |
Total liabilities and net assets/fund balances | $48,469 |
Over the last fiscal year, we have identified 4 grants that Torah Center For Higher Rabbinical Studies Inc has recieved totaling $95,000.
Awarding Organization | Amount |
---|---|
Mari Charitable Foundation Inc Brooklyn, NY PURPOSE: CHARITABLE PURPOSES | $38,000 |
Emt Action Fund PURPOSE: RELIGIOUS EDUCATION | | $25,000 |
Ztm Foundation Lakewood, NJ PURPOSE: CHARITABLE | $23,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $9,000 |
Organization Name | Assets | Revenue |
---|---|---|
Icatholic Media Inc Watertown, MA | $61,629,216 | $14,295,555 |
Focus In Chinuch Inc Monroe, NY | $2,386,995 | $7,187,365 |
Torah Center For Higher Rabbinical Studies Inc Brooklyn, NY | $48,469 | $4,157,555 |
Odyssey Impact Inc New York, NY | $1,159,274 | $2,787,083 |
The Veritas Forum Inc Cambridge, MA | $3,821,584 | $3,531,628 |
The Word Forum Inc Katonah, NY | $525,474 | $1,366,303 |
Lahak Hanochos Inc Brooklyn, NY | $1,010,421 | $1,261,386 |
Friends Publishing Corporation Philadelphia, PA | $3,645,326 | $1,330,635 |
Aliento Vision Hispanic Family Network Inc Corona, NY | $123,445 | $1,074,940 |
Montrose Broadcasting Corporation Montrose, PA | $2,692,009 | $1,265,627 |
Sound Of Life Inc Lake Katrine, NY | $610,471 | $874,575 |
Servant Of Jesus & Mary Malone, NY | $483,722 | $495,612 |