Kolel Torah Inc
- Assets
- $234.6k
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 82-2437815
Organization Overview
Kolel Torah Inc is located in Brooklyn, NY. The organization was established in 2018. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Kolel Torah 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 12/2021, Kolel Torah Inc generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $10.3m during the year ending 12/2021. While expenses have increased by 28.5% per year over the past 4 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 2018, Kolel Torah Inc has awarded 135 individual grants totaling $25,446,765. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND INSTITUTIONS OF HIGHER JEWISH LEARNING, WITH AN EMPHASIS ON ADULT EDUCATION. TO ORGANIZE CLASSES AND SEMNINARS OF JEWISH EDUCATION OR FUND THOSE WHO ARE ALREADY DOING THIS. TO HELP LESS AFFILIATED JEWS. TO FUND ORGANIZATIONS THAT HELP THE LESS FORTUNATE IN ANY CAPACITY, AS WELL AS HELPING INDIVIDUALS IN TIMES OF NEED AND WANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND FUND ORGANIZATION THAT INCREASE JEWISH LEARNING AND OBSERVANCE AND HELP JEWS IN FINANCIAL NEED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yitschak Z Farkash Treasurer | Trustee | 5 | $0 |
Benzion Lipsker COO | Trustee | 5 | $0 |
Menachem Margolin Director | Trustee | 10 | $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 | $10,096,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,096,931 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $10,096,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,726,948 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $854,322 |
| 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 | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,543 |
| Advertising and promotion | $11,528 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,573 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,272,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,559 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,559 |
| 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 | $17,778 |
| Total liabilities | $17,778 |
| Net assets without donor restrictions | $216,781 |
| 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 | $234,559 |
Grants Awarded
Over the last fiscal year, Kolel Torah Inc has awarded $8,326,032 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT OF JEWISH AWARENESS | $3,976,597 |
Brooklyn, NY PURPOSE: SUPPORT OF JEWISH AWARENESS | $1,648,677 |
Monsey, NY PURPOSE: SUPPORT OF JEWISH AWARENESS | $757,912 |
Cambridge, MA PURPOSE: SUPPORT OF JEWISH AWARENESS | $432,000 |
Brooklyn, NY PURPOSE: SUPPORT OF JEWISH AWARENESS | $309,403 |
CHABAD OF RUSSIA COMMUNITY PURPOSE: SUPPORT OF JEWISH AWARENESS | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Kolel Torah Inc has recieved totaling $42,081.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $20,000 |
Tuh Foundation Suffern, NY PURPOSE: FOR ASSISTANCE TO INDIGENT FAMILIES | $10,000 |
Jewish Federation Of Greater Atlanta Inc Atlanta, GA PURPOSE: DONATIONS | $5,400 |
Partners In Giving Inc Monsey, NY PURPOSE: GENERAL FUNDS | $3,600 |
Goodness & Kindness Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $2,271 |
Krinsky Foundation Inc Cedarhurst, NY PURPOSE: GENERAL SUPPORT | $360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |