Yeshiva Derech Hatorah
- Assets
- $16.7m
- Revenue
- $15.4m
- Investments
- $1.8m
- Employees
- 263
- Location
- Cleveland Heights, OH
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-4574851
Organization Overview
Yeshiva Derech Hatorah is located in Cleveland Heights, OH. 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 06/2022, Yeshiva Derech Hatorah employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Derech 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 06/2022, Yeshiva Derech Hatorah generated $15.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $13.0m during the year ending 06/2022. While expenses have increased by 16.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A LEARNING ENVIRONMENT WITH JEWISH TRADITION AND VALUES THAT STRIVES TO HELP EVERY STUDENT ATTAIN THEIR HIGHEST EDUCATIONAL GOAL.
Describe the Organization's Program Activity:
YDT OPERATES A PRIVATE SCHOOL OPERATING OUT OF TWO LOCATIONS IN CLEVELAND HEIGHTS, OHIO, AND ONE IN SOUTH EUCLID, OHIO, FOR PRE-KINDERGARTEN THROUGH GRADE TWELVE. DAY CARE IS PROVIDED AS AN ANCILLARY SERVICE FOR THE FAMILIES WHOSE CHILDREN ARE ENROLLED AT THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Weiss CPA Director & President | OfficerTrustee | 0.5 | $0 |
Irving Berliner Esquire Director, Vice Pres. & Sec | OfficerTrustee | 0.5 | $0 |
Eric Yitz Frank Director & Treasurer | OfficerTrustee | 0.5 | $0 |
Noach Scheinbaum Director | Trustee | 0.5 | $0 |
Aaron Sonnenschein Director | Trustee | 0.5 | $0 |
Isador Margareten Dean | 40 | $151,156 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $262,500 |
| Membership dues | $0 |
| Fundraising events | $675,212 |
| Related organizations | $0 |
| Government grants | $3,142,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $739,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,819,602 |
| Total Program Service Revenue | $9,001,394 |
| Investment income | $10,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$99,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $606,394 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,371,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,552,361 |
| 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 | $5,199,342 |
| Pension plan accruals and contributions | $66,256 |
| Other employee benefits | $56,147 |
| Payroll taxes | $301,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,426 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $563,626 |
| Advertising and promotion | $5,532 |
| Office expenses | $514,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $458,823 |
| Travel | $8,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,001 |
| Insurance | $0 |
| All other expenses | $126,294 |
| Total functional expenses | $12,979,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,499,608 |
| Savings and temporary cash investments | $465,734 |
| Pledges and grants receivable | $2,634,101 |
| Accounts receivable, net | $916,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $601,074 |
| Prepaid expenses and deferred charges | $105,897 |
| Net Land, buildings, and equipment | $8,565,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,829,989 |
| Investments—program-related | $0 |
| Intangible assets | $55,669 |
| Other assets | $4,126 |
| Total assets | $16,678,076 |
| Accounts payable and accrued expenses | $839,011 |
| Grants payable | $0 |
| Deferred revenue | $76,159 |
| 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 | $1,932,009 |
| Unsecured mortgages and notes payable | $369,519 |
| Other liabilities | $0 |
| Total liabilities | $3,216,698 |
| Net assets without donor restrictions | $10,664,867 |
| Net assets with donor restrictions | $2,796,511 |
| 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 | $16,678,076 |