Greater Miami Hebrew Academy
- Assets
- $19.3m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 170
- Location
- Miami Beach, FL
- Founding
- 07/1951
- Data as of
- 06/2021
- EIN
- 59-0651086
Organization Overview
Greater Miami Hebrew Academy is located in Miami Beach, FL. The organization was established in 1951. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Greater Miami Hebrew Academy employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Miami Hebrew 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 06/2021, Greater Miami Hebrew Academy generated $16.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $14.4m during the year ending 06/2021. While expenses have increased by 3.2% 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
TO PROVIDE QUALITY EDUCATION TO ALL JEWISH CHILDREN IN BOTH THE SECULAR AND JUDAIC AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY EDUCATION TO OVER 500 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Avi Bossewitch Dean Of Academic Aff | 40 | $149,106 | |
Seth Guttenberg Head Of School | 40 | $134,222 | |
Debra Hamburg Principal | 40 | $116,202 | |
Robert Danial Financial Secretary | OfficerTrustee | 5 | $0 |
Evelyn Katz Chairman Of The Board | OfficerTrustee | 5 | $0 |
Shmuel Katz MD Senior Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Contractors Inc Building Contractor | 6/29/21 | $2,227,175 |
Joba Technologies It Services | 6/29/21 | $120,000 |
Advance Pro Security Security | 6/29/21 | $113,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $509,592 |
| Membership dues | $0 |
| Fundraising events | $538,619 |
| Related organizations | $0 |
| Government grants | $14,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,281,470 |
| Noncash contributions included in lines 1a–1f | $240,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,344,281 |
| Total Program Service Revenue | $14,114,769 |
| Investment income | $14,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $888 |
| Net Income from Fundraising Events | $20,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,534,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500,888 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,437 |
| Compensation of current officers, directors, key employees. | $59,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,765,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $408,820 |
| Payroll taxes | $188,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,982 |
| Fees for services: Accounting | $31,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,061 |
| Advertising and promotion | $35,156 |
| Office expenses | $144,680 |
| Information technology | $51,668 |
| Royalties | $0 |
| Occupancy | $404,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,652 |
| Insurance | $347,425 |
| All other expenses | $1,966,501 |
| Total functional expenses | $14,362,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,872,980 |
| Savings and temporary cash investments | $5,620,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $371,403 |
| 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 | $5,667,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,739,765 |
| Total assets | $19,271,856 |
| Accounts payable and accrued expenses | $224,136 |
| 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 | $1,230,926 |
| Unsecured mortgages and notes payable | $1,216,400 |
| Other liabilities | $0 |
| Total liabilities | $2,671,462 |
| Net assets without donor restrictions | $16,145,869 |
| Net assets with donor restrictions | $454,525 |
| 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 | $19,271,856 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Greater Miami Hebrew Academy has recieved totaling $353,276.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $266,761 |
Russell & Ronalee Galbut Familyfoundation Miami, FL PURPOSE: RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT | $36,000 |
Chinuch Yehudi Inc Waterbury, CT PURPOSE: Jewish Educational Programming | $18,590 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $9,850 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $8,600 |
Ezekiel Foundation Inc Miami Beach, FL PURPOSE: DONATION | $7,000 |
Endowment Analysis
| Beg. Balance | $215,421 |
| Earnings | $64,921 |
| Admin Expense | $1,227 |
| Ending Balance | $279,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Hebrew Academy Miami Beach, FL | $19,271,856 | $16,534,439 |
Toras Emes Academy Of Miami Inc N Miami Beach, FL | $8,095,050 | $13,123,794 |
Mandel Jewish Community Center Of The Palm Beaches Inc Boynton Beach, FL | $23,146,908 | $13,871,829 |
Honeymoon Israel Foundation Inc Atlanta, GA | $4,189,661 | $5,124,058 |
Jewish Community Facilities Corp Boca Raton, FL | $15,807,779 | $2,924,033 |
Imagination Productions Inc Sunrise, FL | $7,951,961 | $5,736,510 |
Jcc Charitable Project Inc Tampa, FL | $28,872,010 | $4,404,693 |
Jack & Lee Rosen Jewish Community Center Inc Orlando, FL | $831,670 | $3,340,565 |
Isralight South Florida Inc Boynton Beach, FL | $1,622,861 | $3,379,169 |
Jewish Educational Alliance Of Savannah Georgia Inc Savannah, GA | $5,007,722 | $4,068,323 |
Hillels Of Georgia Inc Atlanta, GA | $11,406,142 | $2,806,351 |
Center For The Advancement Of Jewish Education Inc Miami, FL | $4,602,440 | $3,125,243 |