Yeshiva Derech Hatorah
- Assets
- $14.2m
- Revenue
- $18.7m
- Investments
- $2.1m
- Employees
- 239
- Location
- Cleveland Heights, OH
- Founding
- 09/2015
- Data as of
- 06/2021
- 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 06/2021, Yeshiva Derech Hatorah employed 239 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 06/2021, Yeshiva Derech Hatorah generated $18.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $12.6m during the year ending 06/2021. While expenses have increased by 19.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Isador Margareten Dean | 40 | $146,651 | |
Eric Yitz Frank Director & Treasurer | OfficerTrustee | 0.5 | $0 |
Irving Berliner Esquire Director, Vice Pres. & Sec | OfficerTrustee | 0.5 | $0 |
Mark Weiss CPA Director & President | OfficerTrustee | 0.5 | $0 |
Noach Scheinbaum Director | Trustee | 0.5 | $0 |
Aaron Sonnenschein Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $807,082 |
| Membership dues | $0 |
| Fundraising events | $4,145,357 |
| Related organizations | $0 |
| Government grants | $3,347,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $634,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,934,274 |
| Total Program Service Revenue | $8,210,658 |
| Investment income | $7,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $825,834 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,658,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,703,247 |
| 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 | $4,231,685 |
| Pension plan accruals and contributions | $52,047 |
| Other employee benefits | $37,623 |
| Payroll taxes | $260,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,500 |
| Fees for services: Accounting | $41,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,374 |
| Advertising and promotion | $1,118 |
| Office expenses | $358,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $501,833 |
| Travel | $6,997 |
| 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 | $224,999 |
| Insurance | $0 |
| All other expenses | $27,916 |
| Total functional expenses | $12,558,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,076 |
| Savings and temporary cash investments | $213,057 |
| Pledges and grants receivable | $92,594 |
| Accounts receivable, net | $3,344,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $423,677 |
| Prepaid expenses and deferred charges | $7,286 |
| Net Land, buildings, and equipment | $6,965,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,131,856 |
| Investments—program-related | $0 |
| Intangible assets | $87,548 |
| Other assets | $4,126 |
| Total assets | $14,161,211 |
| Accounts payable and accrued expenses | $993,401 |
| Grants payable | $0 |
| Deferred revenue | $87,193 |
| 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 | $910,972 |
| Unsecured mortgages and notes payable | $788,100 |
| Other liabilities | $0 |
| Total liabilities | $2,779,666 |
| Net assets without donor restrictions | $5,611,924 |
| Net assets with donor restrictions | $5,769,621 |
| 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 | $14,161,211 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Yeshiva Derech Hatorah has recieved totaling $312,000.
| Awarding Organization | Amount |
|---|---|
Jewish Education Center Of Cleveland Cleveland Hts, OH PURPOSE: Staff development | $147,500 |
David And Inez Myers Foundation Cleveland, OH PURPOSE: FIRE SPRINKLER SYSTEM | $87,500 |
Jack Joseph And Morton Mandel Foundation Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $26,000 |
Jack Joseph And Morton Mandel Foundation Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Serefit Corp Beachwood, OH PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Goodwill Education Initiatives Inc Indianapolis, IN | $18,896,307 | $35,463,634 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Friends Select School Philadelphia, PA | $35,402,509 | $21,729,714 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Philadelphia School Philadelphia, PA | $27,222,839 | $15,221,018 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |