Meoros Bais Yaakov Inc
- Assets
- $5.5m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 74
- Location
- Lakewood, NJ
- Founding
- 01/2015
- Data as of
- 06/2021
- EIN
- 47-1583345
Organization Overview
Meoros Bais Yaakov Inc is located in Lakewood, NJ. The organization was established in 2015. 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 06/2021, Meoros Bais Yaakov Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meoros Bais Yaakov 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 06/2021, Meoros Bais Yaakov Inc generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.4% each year . All expenses for the organization totaled $7.5m during the year ending 06/2021. While expenses have increased by 59.2% per year over the past 6 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
OPERATION OF A PAROCHIAL GRADE SCHOOL IN LAKEWOOD, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avrohom Landau President | Officer | 30 | $103,000 |
Shlomie Schon Treasurer | Officer | 5 | $0 |
Yossi Tress VP | Officer | 5 | $0 |
Alex Janklowicz Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $557,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,095 |
| Total Program Service Revenue | $7,666,756 |
| 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 | $8,529,851 |
| 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 | $1,141,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,122 |
| Payroll taxes | $105,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,845 |
| Advertising and promotion | $3,459 |
| Office expenses | $11,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,824 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,059 |
| Insurance | $26,263 |
| All other expenses | $149,972 |
| Total functional expenses | $7,456,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $988,641 |
| Accounts receivable, net | $400,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,312 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $85,937 |
| Net Land, buildings, and equipment | $3,636,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,042 |
| Other assets | $0 |
| Total assets | $5,483,509 |
| 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 | $2,230,771 |
| Unsecured mortgages and notes payable | $514,569 |
| Other liabilities | $22,417 |
| Total liabilities | $2,767,757 |
| Net assets without donor restrictions | $2,715,752 |
| 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 | $5,483,509 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Meoros Bais Yaakov Inc has recieved totaling $26,733.
| Awarding Organization | Amount |
|---|---|
Ee Klein Foundation Inc Brooklyn, NY PURPOSE: EDUCATIONAL | $5,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,208 |
Fishoff Family Foundation Flushing, NY PURPOSE: ASSISTANCE TO EDUCATIONAL INSTITUTION TO SUPPORT MISSION TO SUPPORT EDUCATION | $5,000 |
Moses And Miriam Vogel Charitable Foundation Tr Brooklyn, NY PURPOSE: GENERAL SUPPORT | $4,000 |
Dvaykus Fondation Inc Far Rockaway, NY PURPOSE: TO SUPPORT TORAH STUDY AND ASSIST THE SCHOOL TO EDUCATE ITS CHILDREN | $3,000 |
Zichron Btz Tzedakah Foundation Lakewood, NJ PURPOSE: TO FURTHER JEWISH CAUSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |