Harkham-Gaon Academy
- Assets
- $303.1k
- Revenue
- $615.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Beverly Hills, CA
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 47-5041293
Organization Overview
Harkham-Gaon Academy is located in Beverly Hills, CA. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Harkham-Gaon Academy employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harkham-Gaon Academy 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, Harkham-Gaon Academy generated $615.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $714.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AN INDEPENDENT COMMUNITY HIGH SCHOOL WHICH PROVIDES A CHALLENGING, NURTURING, INCLUSIVE, JEWISH AND ACADEMIC LEARNING EXPERIENCE FOR ITS STUDENTS. OUR STUDENTS REPRESENT A VERY DIVERSE GROUP FROM FAMILIES AT EVERY LEVEL OF JEWISH OBSERVANCE, ETHNICITY, AND SOCIOECONOMIC STATUS. WE ENCOURAGE OUT STUDENTS TO BECOME INDEPENDENT THINKERS IMBUED WITH SELF-CONFIDENCE AND A DRIVE FOR PRODUCTIVITY, WHO RESPECT THEMSELVES AND OTHERS, WHO ASPIRE TO BECOME LIFE-LONG LEARNERS AND ARE PROUD OF THEIR JUDAISM AND JEWISH HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE JEWISH HIGH SCHOOL THAT SEEKS TO CREATE A BLENDED LEARNINGHALACHA. FOCUSES ON A RELATIVELY SMALL STUDENT POPULATION AND PROVIDESTHE TOOLS NECESSARY TO ACTIVELY PARTICIPATE IN CONTEMPORARY COSSETEDWHILE ADHERING TO A LIFE IMBUED WITH TORAH VALUES AND HALACHA. PROGRAMSERVICE REVENUE IS DERIVED FROM THE PAYMENT OF TUITION. THE SCHOOL HASAPPROXIMATELY 50 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Deborah Parks Principal/ceo | Officer | 40 | $107,000 |
Rabbi Moises Benzaquen School Founder | Trustee | 10 | $0 |
David Shalom Treasurer | OfficerTrustee | 0 | $0 |
Effrem Harkham Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,282 |
| Total Program Service Revenue | $465,864 |
| 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 | $615,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,000 |
| Compensation of current officers, directors, key employees. | $21,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,265 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $102,955 |
| 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 | $6,240 |
| Advertising and promotion | $469 |
| Office expenses | $0 |
| Information technology | $7,165 |
| Royalties | $0 |
| Occupancy | $34,342 |
| Travel | $0 |
| 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 | $42,358 |
| Insurance | $4,877 |
| All other expenses | $2,789 |
| Total functional expenses | $714,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,648 |
| 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 | $130,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $780 |
| Total assets | $303,145 |
| Accounts payable and accrued expenses | $29,237 |
| 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 | $35,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $216,329 |
| Other liabilities | $140,300 |
| Total liabilities | $420,866 |
| 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 | -$117,721 |
| Total liabilities and net assets/fund balances | $303,145 |