Denver Academy Of Torah
- Assets
- $4.9m
- Revenue
- $4.3m
- Investments
- $1.8m
- Employees
- 46
- Location
- Denver, CO
- Founding
- 04/1993
- Data as of
- 06/2021
- EIN
- 84-1187080
Organization Overview
Denver Academy Of Torah is located in Denver, CO. The organization was established in 1993. 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 06/2021, Denver Academy Of Torah employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Academy Of 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 06/2021, Denver Academy Of Torah generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $3.4m during the year ending 06/2021. While expenses have increased by 7.7% 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
DENVER ACADEMY OF TORAH (THE "SCHOOL") PROVIDES EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL. THE SCHOOL'S MISSION IS TO NURTURE STUDENTS TO BE TORAH-OBSERVANT ROLE MODELS AND FUTURE LEADERS THROUGH AN INTELLECTUALLY RIGOROUS AND INNOVATIVE EDUCATION IMBUED WITH A LOVE OF ISRAEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORTHODOX JEWISH DAY SCHOOL THAT PROVIDES A COMPLETE JUDAIC AND SECULAR CURRICULUM FOR STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Stroll Head Of School | Officer | 40 | $133,285 |
Julie Lieber President | OfficerTrustee | 2 | $0 |
Shira Fishman VP Development | OfficerTrustee | 2 | $0 |
Cheryl Miller VP Finance | OfficerTrustee | 2 | $0 |
Steve Hutt Secretary | OfficerTrustee | 2 | $0 |
Aryeh Fischer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $294,639 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,335,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,630,259 |
| Total Program Service Revenue | $2,411,695 |
| Investment income | $209,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,255,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $886,894 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,000 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,585,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,830 |
| Payroll taxes | $120,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,768 |
| Fees for services: Accounting | $13,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,554 |
| Advertising and promotion | $1,703 |
| Office expenses | $43,812 |
| Information technology | $17,853 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,526 |
| Insurance | $20,029 |
| All other expenses | $36,804 |
| Total functional expenses | $3,442,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,022 |
| Savings and temporary cash investments | $229,662 |
| Pledges and grants receivable | $349,139 |
| Accounts receivable, net | $106,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $88,189 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,890 |
| Net Land, buildings, and equipment | $1,415,074 |
| Investments—publicly traded securities | $543,866 |
| Investments—other securities | $1,782,160 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $4,902,362 |
| Accounts payable and accrued expenses | $154,801 |
| Grants payable | $0 |
| Deferred revenue | $39,058 |
| 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 | $359,486 |
| Other liabilities | $0 |
| Total liabilities | $553,345 |
| Net assets without donor restrictions | $2,765,199 |
| Net assets with donor restrictions | $1,583,818 |
| 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 | $4,902,362 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Denver Academy Of Torah has recieved totaling $384,409.
| Awarding Organization | Amount |
|---|---|
Shana Glassman Foundation Denver, CO PURPOSE: CHARITABLE PURPOSE | $280,000 |
Rose Community Foundation Denver, CO PURPOSE: Health And Wellness Education For 7Th Through 12Th Grade Students | $56,350 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $20,154 |
Keshet Of The Rockies Denver, CO PURPOSE: TO PROVIDE A SOCIAL | $12,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $9,300 |
Mile High United Way Inc Denver, CO PURPOSE: DESIGNATION | $5,876 |
Endowment Analysis
| Beg. Balance | $1,586,393 |
| Earnings | $195,767 |
| Ending Balance | $1,782,160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |
Legacy Traditional School- Avondale Inc Chandler, AZ | $23,043,250 | $12,125,697 |
Pan-American Elementary Charter School Phoenix, AZ | $37,196,562 | $11,678,522 |
Oklahoma Christian Schools Incorporated Edmond, OK | $41,374,712 | $15,358,139 |
Shiprock Associated Schools Inc Shiprock, NM | $31,955,534 | $19,122,666 |
Vista College Preparatory Inc Phoenix, AZ | $23,500,378 | $10,120,294 |