Bnai Shalom Synagogue
- Assets
- $5.8m
- Revenue
- $3.4m
- Investments
- $3.9m
- Employees
- 82
- Location
- Greensboro, NC
- Founding
- 06/1971
- Data as of
- 07/2021
- EIN
- 56-0952340
Organization Overview
Bnai Shalom Synagogue is located in Greensboro, NC. The organization was established in 1971. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 07/2021, Bnai Shalom Synagogue employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bnai Shalom Synagogue 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 07/2021, Bnai Shalom Synagogue generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $2.6m during the year ending 07/2021. While expenses have increased by 4.9% 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
B'NAI SHALOM SYNAGOGUE, INC. WAS CREATED TO OPERATE A SYNAGOGUE FOR THE CONDUCT OF WORSHIP SERVICES AND FOR THE FURTHERANCE OF EDUCATIONAL ACTIVITIES AND OTHER PURSUITS IN THE JEWISH TRADITION. THE ORGANIZATION WAS ALSO ESTABLISHED TO OPERATE A BI-CULTURAL DAY SCHOOL FOR THE CHILDREN OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PRIVATE JEWISH DAY SCHOOL PROVIDING SECULAR AND RELIGIOUS EDUCATION IN A FULL DAY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Siegel Head Of School | Officer | 50 | $140,149 |
Ari Hausman Outgoing Business Director | Officer | 50 | $66,416 |
Brian Ross President | OfficerTrustee | 5 | $0 |
Jen Strasser President Elect | OfficerTrustee | 2 | $0 |
Peggy Bernstein Vice President | OfficerTrustee | 1 | $0 |
Ron Garcia Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $220,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $456,429 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,022,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,699,582 |
| Total Program Service Revenue | $1,326,037 |
| Investment income | $47,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $298,385 |
| Net Income from Fundraising Events | $100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,376,260 |
| 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. | $210,758 |
| Compensation of current officers, directors, key employees. | $29,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,439,308 |
| Pension plan accruals and contributions | $40,923 |
| Other employee benefits | $135,780 |
| Payroll taxes | $120,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,691 |
| Fees for services: Accounting | $22,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,008 |
| Fees for services: Other | $15,312 |
| Advertising and promotion | $17,936 |
| Office expenses | $19,197 |
| Information technology | $43,614 |
| Royalties | $0 |
| Occupancy | $143,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,275 |
| Interest | $1,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,620 |
| Insurance | $0 |
| All other expenses | $8,148 |
| Total functional expenses | $2,647,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $883,980 |
| Pledges and grants receivable | $627,667 |
| Accounts receivable, net | $20,233 |
| 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 | $30,747 |
| Net Land, buildings, and equipment | $330,076 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,875,861 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,999 |
| Total assets | $5,770,563 |
| Accounts payable and accrued expenses | $61,499 |
| Grants payable | $0 |
| Deferred revenue | $360,449 |
| 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 | $440,717 |
| Total liabilities | $862,665 |
| Net assets without donor restrictions | $1,135,323 |
| Net assets with donor restrictions | $3,772,575 |
| 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 | $5,770,563 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bnai Shalom Synagogue has recieved totaling $78,127.
| Awarding Organization | Amount |
|---|---|
Pbhp Inc New York, NY PURPOSE: SUPPORT THE DEVELOPMENT/EXPANSION OF THE ORGANIZATION'S PRESCHOOL PROGRAMMING. | $53,893 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $23,950 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $284 |
Endowment Analysis
| Beg. Balance | $3,286,102 |
| Earnings | $716,647 |
| Admin Expense | $21,008 |
| Net Contributions | $4,646 |
| Other Expense | $158,726 |
| Ending Balance | $3,827,661 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Honeymoon Israel Foundation Inc Atlanta, GA | $4,189,661 | $5,124,058 |
Jewish Community Center Of Ashville Inc Asheville, NC | $9,980,855 | $3,160,853 |
Jewish Educational Alliance Of Savannah Georgia Inc Savannah, GA | $5,007,722 | $4,068,323 |
Bnai Shalom Synagogue Greensboro, NC | $5,770,563 | $3,376,260 |
Hillels Of Georgia Inc Atlanta, GA | $11,406,142 | $2,806,351 |
United Jewish Community Of The Virginia Peninsula Inc Newport News, VA | $3,418,272 | $1,997,851 |
Savannah Jewish Council Inc Savannah, GA | $12,170,080 | $2,514,699 |
Chabad Of Charleston Inc Mount Pleasant, SC | $7,279,786 | $2,438,464 |
Final Frontier Ministries Inc Nashville, TN | $70,999 | $349,462 |
Shore Shim Inc Reston, VA | $110,730 | $351,244 |
Jewish Grandparents Network Inc Sandy Springs, GA | $152,018 | $267,522 |
Jewish Outreach Internationalincorporated Atlanta, GA | $17,667 | $308,879 |