Toras Emes Academy Of Miami Inc
- Assets
- $8.1m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 305
- Location
- N Miami Beach, FL
- Founding
- 08/1982
- Data as of
- 06/2018
- EIN
- 59-1870702
Organization Overview
Toras Emes Academy Of Miami Inc, operating under the name Yeshiva Toras Chaim, is located in N Miami Beach, FL. The organization was established in 1982. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2018, Yeshiva Toras Chaim employed 305 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Toras Chaim 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 06/2018, Yeshiva Toras Chaim generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $12.5m during the year ending 06/2018. While expenses have increased by 11.3% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A RELIGIOUS AND SECULAR SCHOOL FROM PRE SCHOOL TO POSTSECONDARY LEVELS. CONDUCT PRAYER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Yisroel Niman Dean | OfficerTrustee | 58 | $39,553 |
Rabbi Binyomin Luban Dean | OfficerTrustee | 58 | $52,676 |
Rabbi Mordechai Palgon Dean | OfficerTrustee | 58 | $40,709 |
Moshe Bernstein CFO | Officer | 60 | $106,677 |
Dr Allan Jacob Co-President | OfficerTrustee | 3 | $0 |
Marcos Lapciuc Co-President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $313,769 |
| Membership dues | $0 |
| Fundraising events | $2,459,635 |
| Related organizations | $0 |
| Government grants | $26,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $933,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,733,649 |
| Total Program Service Revenue | $9,378,968 |
| Investment income | $10,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,123,794 |
| 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. | $854,133 |
| Compensation of current officers, directors, key employees. | $276,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,294,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $424,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $417,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $618,438 |
| Travel | $245,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $222,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,301 |
| Insurance | $144,757 |
| All other expenses | $359,835 |
| Total functional expenses | $12,509,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,171,036 |
| Accounts receivable, net | $1,048,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $82,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,076,921 |
| Investments—publicly traded securities | $1,202,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,266 |
| Other assets | $194,969 |
| Total assets | $8,095,050 |
| Accounts payable and accrued expenses | $1,168,899 |
| 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 | $4,894,114 |
| Unsecured mortgages and notes payable | $169,401 |
| Other liabilities | $534,444 |
| Total liabilities | $6,766,858 |
| Unrestricted restricted net Assets | $139,762 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $1,188,430 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,328,192 |