Torah Tots Academy Inc
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 54
- Location
- Boca Raton, FL
- Founding
- 04/2000
- Data as of
- 08/2022
- EIN
- 65-0924957
Organization Overview
Torah Tots Academy Inc is located in Boca Raton, FL. The organization was established in 2000. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 08/2022, Torah Tots Academy Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Tots Academy 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 08/2022, Torah Tots Academy Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.6m during the year ending 08/2022. While expenses have increased by 12.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A PRESCHOOL THROUGH 3RD GRADE FOR CHILDREN BETWEEN THE AGES OF 18 MONTHS - 7 YEARS. 147 CHILDREN WERE ENROLLED DURING THE CURRENT SCHOOL YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A PRESCHOOL THROUGH 3RD GRADE FOR CHILDREN BETWEEN THE AGES OF 18 MONTHS - 7 YEARS. 147 CHILDREN WERE ENROLLED DURING THE CURRENT YEAR. THE ORGANIZATION ALSO OPERATES A DAY CAMP IN THE SUMMER FOR CHILDREN AGES 18 MONTHS TO 8 YEARS PRESCHOOL THROUGH THIRD GRADE AND MOMMY AND ME PROGRAMS FOR CHILDREN AS YOUNG AS 6 MONTHS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rivkah Denburg Vp, Secretary, Director | Trustee | 40 | $90,208 |
Moshe Denburg President, Treasurer, Director | OfficerTrustee | 3 | $0 |
Jonathan Turk Asst. Secretary, Director | Trustee | 3 | $0 |
Pamela Turk Asst. Secretary, Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,259 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,643 |
| Total Program Service Revenue | $1,664,863 |
| Investment income | $229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,953,735 |
| 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. | $90,208 |
| Compensation of current officers, directors, key employees. | $45,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $963,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,237 |
| Payroll taxes | $77,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,700 |
| Advertising and promotion | $591 |
| Office expenses | $11,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,108 |
| 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 | $13,043 |
| Insurance | $20,816 |
| All other expenses | $1,050 |
| Total functional expenses | $1,648,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,556 |
| 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 | $233,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,917 |
| Total assets | $1,226,723 |
| Accounts payable and accrued expenses | $6,564 |
| 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 | $6,564 |
| Net assets without donor restrictions | $1,220,159 |
| 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 | $1,226,723 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Torah Tots Academy Inc has recieved totaling $33,583.
| Awarding Organization | Amount |
|---|---|
Tamim Academies Narberth, PA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $33,334 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
R Club Child Care Inc St Petersburg, FL | $18,176,880 | $19,595,312 |
Family Central Inc Ft Lauderdale, FL | $4,010,498 | $16,912,867 |
Childrens Forum Inc Tallahassee, FL | $5,733,267 | $15,389,611 |
Centro Mater Child Care Servicesinc Lauderdale Lakes, FL | $3,264,997 | $12,190,582 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Assistance Unlimited Inc Lauderdale Lakes, FL | $14,917,830 | $14,034,670 |
Child Care Of Southwest Florida Inc Ft Myers, FL | $4,237,848 | $11,344,922 |
Community Childcare Food Supplement Inc Savannah, GA | $1,811,584 | $9,216,213 |
Early Education And Care Inc Panama City, FL | $7,887,030 | $6,650,931 |
Childcare Resources Birmingham, AL | $765,038 | $7,739,319 |
Florence Fuller Child Development Centers Inc Boca Raton, FL | $9,224,394 | $8,503,035 |