Bnai Torah Foundation Inc
- Assets
- $8.1m
- Revenue
- $1.0m
- Investments
- $540.0k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 65-0276400
Organization Overview
Bnai Torah Foundation Inc is located in Boca Raton, FL. The organization was established in 1992. According to its NTEE Classification (X03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bnai Torah Foundation Inc 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, Bnai Torah Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $504.1k during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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.
Since 2015, Bnai Torah Foundation Inc has awarded 20 individual grants totaling $1,848,697. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SUPPORTING ORGANIZATION UNDER IRS CODE 509(A)(3). IT SUPPORTS B'NAI TORAH CONGREGATION OF BOCA RATON, INC., A JEWISH SYNAGOGUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GAVE FINANCIAL SUPPORT TO B'NAI TORAH CONGREGATION OF BOCA RATON BY CREATING SUPPORTING FUNDS TO PROVIDE FINANCIAL SUPPORT TO THE CONGREGATION FOR GENERATIONS TO COME.
THE FOUNDATION GAVE LIMITED SCHOLARSHIPS (PAID DIRECTLY TO THE ORGANIZATION) FOR ACTIVITIES RELATED TO THE TEACHING OF CONSERVATIVE JUDAIC STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Lippy Treasurer | Officer | 1 | $0 |
Spencer Sax President | Officer | 1 | $0 |
Stephen Grabelsky Secretary | Officer | 1 | $0 |
Richard Cohen Board Member | Trustee | 1 | $0 |
Howard Goldsmith Board Member | Trustee | 1 | $0 |
Harold Jacobsohn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,815 |
| Total Program Service Revenue | $0 |
| Investment income | $153,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $551,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,028,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $425,030 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,875 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,282 |
| All other expenses | $0 |
| Total functional expenses | $504,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $7,458,951 |
| Investments—other securities | $540,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,130,200 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,095,593 |
| Net assets with donor restrictions | $7,034,607 |
| 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 | $8,130,200 |
Grants Awarded
Over the last fiscal year, Bnai Torah Foundation Inc has awarded $423,530 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: ACCOMPLISH MISSION | $402,205 |
CAMP RAMAH DAROM-SCHOLARSHIPS PURPOSE: SCHOLARSHIP | $14,580 |
SCHOLARSHIPS-VARIOUS OTHER PURPOSE: SCHOLARSHIPS | $6,745 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bnai Torah Foundation Inc has recieved totaling $7,675.
| Awarding Organization | Amount |
|---|---|
Combined Jewish Philanthropies Of Greater Boston Inc Boston, MA PURPOSE: DAF - Religious Institutions - Synagogues | $7,575 |
Sda Foundation New York, NY PURPOSE: GENERAL / CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Effect Ministries Inc Rosemary Beach, FL | $664,576 | $1,024,924 |
Bnai Torah Foundation Inc Boca Raton, FL | $8,130,200 | $1,028,869 |
Bigtime Ministries Birmingham, AL | $403,218 | $604,127 |
Chattahoochee Valley Episcopal Ministry Inc Columbus, GA | $717,740 | $194,785 |
St Martin De Porres Outreach Community Ministries Inc Fort Myers, FL | $916,908 | $352,073 |
Neshama Association Of Jewish Chaplains Inc Miami, FL | $256,964 | $208,225 |
Son Light Center Jemison, AL | $25,227 | $0 |
Legacy Ministry International Incorporated Evinston, FL | $41,560 | $0 |
Alan Harris Evangelistic Association Inc Foley, AL | $38,831 | $0 |
Association Of Christians In Tallassee For Services Inc Tallassee, AL | $222,116 | $0 |
H & L Ministries Inc Doral, FL | $4,952 | $31,270 |
Agape Foundation Inc Rome, GA | $368,033 | $65,323 |