Torah Academy Of Boca Raton Inc is located in Boca Raton, FL. The organization was established in 2000. 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 06/2021, Torah Academy Of Boca Raton Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Academy Of Boca Raton 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 06/2021, Torah Academy Of Boca Raton Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $8.6m during the year ending 06/2021. While expenses have increased by 14.9% 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
PRIVATE SCHOOL ENCOMPASSING A PRESCHOOL SERVICING AGES 2-5 AS WELL AS ELEMENTARY SCHOOL GRADES 1 -5 AND MIDDLE SCHOOL GRADES 6, 7, AND 8. STATE STANDARD CURRICULUM IS FOLLOWED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE PRESCHOOL SERVICING AGES 2-5 AS WELL AS ELEMENTARY SCHOOL GRADES 1 -5 AND MIDDLE SCHOOL GRADES 6, 7, AND 8. STATE STANDARD CURRICULUM IS FOLLOWED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ross Feinberg Dean | Officer | 40 | $95,857 |
Chaim Glazer Principal | Officer | 40 | $75,880 |
Hillel Feuerman President | OfficerTrustee | 2 | $0 |
Yehuda Wasser Secretary | OfficerTrustee | 2 | $0 |
Allen Wolnerman Vice President | OfficerTrustee | 2 | $0 |
Yitzi Kessock Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $168,424 |
Related organizations | $0 |
Government grants | $935,999 |
All other contributions, gifts, grants, and similar amounts not included above | $691,153 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,795,576 |
Total Program Service Revenue | $8,456,018 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $24,157 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$51,490 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,224,261 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,645,397 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $357,330 |
Compensation of current officers, directors, key employees. | $220,083 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,305,498 |
Pension plan accruals and contributions | $5,986 |
Other employee benefits | $1,454,028 |
Payroll taxes | $189,478 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,325 |
Fees for services: Accounting | $5,675 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $71,934 |
Advertising and promotion | $9,585 |
Office expenses | $503,740 |
Information technology | $18,629 |
Royalties | $0 |
Occupancy | $506,009 |
Travel | $1,227 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $24,739 |
Interest | $223,489 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $132,274 |
Insurance | $20,841 |
All other expenses | $0 |
Total functional expenses | $8,627,183 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $596,092 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $958,701 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,577,228 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,789,400 |
Investments—publicly traded securities | $0 |
Investments—other securities | $22,800 |
Investments—program-related | $0 |
Intangible assets | $88,814 |
Other assets | $13,744 |
Total assets | $6,046,779 |
Accounts payable and accrued expenses | $483,353 |
Grants payable | $0 |
Deferred revenue | $219,371 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $33,750 |
Secured mortgages and notes payable | $3,651,383 |
Unsecured mortgages and notes payable | $1,599,112 |
Other liabilities | $16,699 |
Total liabilities | $6,003,668 |
Net assets without donor restrictions | $43,111 |
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 | $0 |
Total liabilities and net assets/fund balances | $6,046,779 |
Over the last fiscal year, we have identified 1 grants that Torah Academy Of Boca Raton Inc has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Simon Family Charitable Foundation Inc Delray Beach, FL PURPOSE: SUPPORT FOR RELIGIOUS SCHOOL IN PALM BEACH. | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Admiral Farragut Academy Inc St Petersburg, FL | $21,987,210 | $17,628,245 |
The Pepin Academies Inc Riverview, FL | $29,193,079 | $15,292,981 |
Oak Hall Private School Gainesville, FL | $28,822,361 | $15,634,041 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
Torah Academy Of Boca Raton Inc Boca Raton, FL | $6,046,779 | $10,224,261 |
Katz Yeshiva High School Of South Florida Inc Boca Raton, FL | $18,491,593 | $8,621,802 |
Ivy Preparatory Academy Incorporated Atlanta, GA | $13,093,434 | $7,743,445 |
Loganville Christian Academy Inc Loganville, GA | $11,454,751 | $7,322,171 |
Florida High School Athletic Association Inc Gainesville, FL | $7,136,528 | $6,568,793 |
Oglethorpe Charter School Inc Savannah, GA | $6,663,561 | $6,904,086 |
Georgia High School Association Thomaston, GA | $8,760,324 | $5,170,653 |