Yeshivat Heatid Inc
- Assets
- $21.0m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 71
- Location
- Teaneck, NJ
- Founding
- 11/2011
- Data as of
- 06/2022
- EIN
- 80-0725929
Organization Overview
Yeshivat Heatid Inc is located in Teaneck, NJ. The organization was established in 2011. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Yeshivat Heatid Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshivat Heatid 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, Yeshivat Heatid Inc generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $12.2m during the year ending 06/2022. While expenses have increased by 25.5% 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
TO DELIVER AN EXCELLENT AND AFFORDABLE EDUCATION BY PROVIDING THE VAST MAJORITY OF PARENTS IN THE COMMUNITY (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN AND EXPAND A COEDUCATIONAL, ORTHODOX, JEWISH PRIVATE SCHOOL FOR EARLY CHILDHOOD AND ELEMENTARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abby Flamholz Trustee | Trustee | 10 | $0 |
Efrem Billauer President | OfficerTrustee | 10 | $0 |
Kate Davis President | OfficerTrustee | 10 | $0 |
Daniel Barenholtz Trustee | Trustee | 5 | $0 |
Ruth Hartstein Secretary | Trustee | 5 | $0 |
Michal Pruzansky Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guzzo And Guzzo Architects Llc Architect For Renovation Of New Building | 6/29/16 | $145,582 |
Dynamic Engineering Consultation For Renovation Of New Building | 6/29/16 | $174,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,087,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,498,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,585,695 |
| Total Program Service Revenue | $6,309,821 |
| Investment income | -$2,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,550 |
| Net Gain/Loss on Asset Sales | -$984,998 |
| Net Income from Fundraising Events | $5,614 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,935,670 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,836,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,350 |
| Payroll taxes | $249,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,831 |
| Advertising and promotion | $20,302 |
| Office expenses | $43,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $336,476 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $417,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,119 |
| Insurance | $92,873 |
| All other expenses | $600,225 |
| Total functional expenses | $12,248,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,989,516 |
| Savings and temporary cash investments | $2,500,000 |
| Pledges and grants receivable | $705,422 |
| Accounts receivable, net | $40,760 |
| 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 | $202,975 |
| Net Land, buildings, and equipment | $11,428,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,131,300 |
| Total assets | $20,998,214 |
| Accounts payable and accrued expenses | $1,921,155 |
| Grants payable | $0 |
| Deferred revenue | $665,656 |
| 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 | $11,906,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $14,498,287 |
| Net assets without donor restrictions | $4,561,736 |
| Net assets with donor restrictions | $1,938,191 |
| 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 | $20,998,214 |