Bet Midrash Ohel Torah
- Assets
- $4.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Lakewood, NJ
- Founding
- 05/2016
- Data as of
- 08/2021
- EIN
- 81-0797257
Organization Overview
Bet Midrash Ohel Torah is located in Lakewood, NJ. The organization was established in 2016. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2021, Bet Midrash Ohel Torah employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bet Midrash Ohel Torah 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 08/2021, Bet Midrash Ohel Torah generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.5% each year . All expenses for the organization totaled $1.6m during the year ending 08/2021. While expenses have increased by 54.5% 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
OPERATION OF A POST-SECONDARY EDUCATIONAL INSTITUTION PROVIDING RABBINICAL TRAINING WITH A FOCUS ON SEPHARDIC/MIDDLE EASTERN JEWISH TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A POST-SECONDARY EDUCATIONAL INSTITUTION PROVIDING RABBINICAL TRAINING WITH A FOCUS ON SEPHARDIC/MIDDLE EASTERN JEWISH TRADITION WITH APPROXIMATELY 65 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yaakov Harari Trustee | OfficerTrustee | 40 | $21,600 |
Nathan Zelikovitz Trustee | Trustee | 2 | $0 |
Jeffrey Franco Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,362,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,542,464 |
| Total Program Service Revenue | $381,668 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $496,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,432,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,777 |
| Grants and other assistance to domestic individuals. | $14,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,405 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,640 |
| Payroll taxes | $8,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,572 |
| Advertising and promotion | $15,881 |
| Office expenses | $24,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $287,011 |
| Travel | $4,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,953 |
| Insurance | $4,577 |
| All other expenses | $38,597 |
| Total functional expenses | $1,592,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $590,931 |
| Accounts receivable, net | $64,572 |
| 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 | $3,049,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,657 |
| Other assets | $15,099 |
| Total assets | $4,338,618 |
| Accounts payable and accrued expenses | $9,017 |
| 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 | $26,577 |
| Secured mortgages and notes payable | $1,960,000 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $6,546 |
| Total liabilities | $2,052,140 |
| Net assets without donor restrictions | $0 |
| 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 | $2,286,478 |
| Total liabilities and net assets/fund balances | $4,338,618 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bet Midrash Ohel Torah has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
My 613 Foundation Inc Lakewood, NJ PURPOSE: RELIGIOUS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Intercollegiate Studies Institute Inc Wilmington, DE | $20,524,423 | $7,078,238 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |
Yeshivat Chovevei Torah Rabbinical School Ltd Riverdale, NY | $5,358,153 | $4,182,553 |
Commission On Independent Colleges & Universities Albany, NY | $8,699,899 | $2,269,606 |
National Association Of Scholars Inc New York, NY | $4,936,592 | $2,975,459 |