Simchat Torah Beit Midrash
- Assets
- $10.3m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 57
- Location
- Parker, CO
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 84-1358029
Organization Overview
Simchat Torah Beit Midrash is located in Parker, CO. The organization was established in 1996. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Simchat Torah Beit Midrash employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simchat Torah Beit Midrash 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 12/2023, Simchat Torah Beit Midrash generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $8.4m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TORAH EDUCATION, SHABAT AND BENEVOLENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, WEEKLY MEETINGS, AND BENEVOLENT SERVICES: INTERNATIONAL CENTER FOR TORAH STUDIES PROGRAM (ICTS) - WE HAVE CREATED THIS LIFE CHANGING PROGRAM TO HELP YOU REACH YOUR POTENTIAL, IMPROVE YOUR LIFE AND IN TURN, IMPROVE THE WORLD. WE PROVIDE IT ONLINE, AT OUR STBM/ICTS CENTERS AND IN THE UNITED STATES FEDERAL AND STATE PRISONS. THE ICTS PROGRAM IS A MULTI-LEVEL, MULTI-MEDIA CURRICULUM FACILITATING COLLEGE-STYLE COURSES IN CLASSROOMS LOCALLY, AND AVAILABLE EXCLUSIVELY ONLINE. THIS ICTS PROGRAM USES THE STBM COMPANION WORKBOOK AND AWARD-WINNING COMPANION TEXTBOOK WHOSE STUNNING FULL-COLOR DESIGN APPEALS TO EVERY TYPE OF STUDENT, INCLUDING THOSE WHO LEARN BEST BY SEEING AND LISTENING - CALLED AUDIO/VISUAL LEARNERS. THE COURSES ARE SPECIFICALLY DESIGNED IN GRADUATED LEARNING TRACKS. STUDENTS ARE REQUIRED TO COMPLETE THE COURSES IN ORDER. BENEVOLENT SERVICES PROVIDED TO OUR LOCAL COMMUNITY INCLUDE TUITION ASSITANCE, FOOD AND RENT ASSITANCE. STBM (SIMCHAT TORAH BEIT MIDRASH), AS AN ORGANIZATION HAS DEVELOPED DIGITAL PLATFORMS THAT SPECIALIZE IN LEARNING AND BUSINESS EXPERIENCE. PUBLIC SPEAKING, INTERNET, TELEVISION, RADIO, DIGITAL MEDIA, DVDS, CDS, AND LITERATURE ALL PLAY A PART IN STBM'S OUTREACH EFFORT.
BIBLE COLLEGE
ISRAEL TRIPS: STBM IS COMMITTED TO RAISING AWARENESS ABOUT THE IMPORTANCE OF ISRAEL, THE ISRAEL DEFENSE FORCES (IDF), AND THE ISRAELI-JEWISH CULTURE AND LIFESTYLE - AS THEY ARE ALL AN INTEGRAL PART OF A COUNTRY WHICH IS NOW BECOMING THE NEXT SILICON VALLEY AND MIT OF THE WORLD IN GLOBAL TECHNOLOGY RELATED TO EDUCATION. BY USING THE ETHICS, PRINCIPLES, AND EDUCATIONAL MODELS OFFERED IN THE TORAH, OUR PASSION IS TO INSPIRE OTHERS - REGARDLESS OF RELIGIOUS AFFILIATION OR BACKGROUND - TO CONNECT WITH, INVEST IN, AND SUPPORT THE LAND OF ISRAEL. BECAUSE OF THIS STBM PROVIDES ISRAEL TOURS THAT BRING BETWEEN 80-200 ENTREPRENEURS AND STUDENTS TO ISRAEL ANNUALLY.
CONFERENCES & SPECIAL EVENTS: STBM WILL HOLD EVENTS AROUND THE BIBLICAL HOLIDAYS AS WELL AS SEMI-ANNUAL LEADERSHIP SUMMITS. THESE EVENTS WILL HAVE UP TO 3000 IN ATTENDANCE LOCALLY AND ARE BROADCAST OVER VARIOUS MEDIA PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Messer President | OfficerTrustee | 40 | $57,594 |
John Shuffle Secretary | OfficerTrustee | 1 | $0 |
Nicole Martin Chief Operations Officer | OfficerTrustee | 40 | $35,992 |
Maureen Messer Vice President | OfficerTrustee | 40 | $57,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,656,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,259,433 |
| Total Program Service Revenue | $769,293 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,055 |
| 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 | $205,073 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,296,528 |
| 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. | $280,982 |
| Compensation of current officers, directors, key employees. | $280,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,651,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200,993 |
| Payroll taxes | $120,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,072 |
| Fees for services: Accounting | $24,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,748 |
| Office expenses | $95,323 |
| Information technology | $114,997 |
| Royalties | $0 |
| Occupancy | $1,342,695 |
| Travel | $230,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $381,660 |
| Interest | $334,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $451,042 |
| Insurance | $364,506 |
| All other expenses | $504,250 |
| Total functional expenses | $8,381,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,683 |
| 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 | $246,343 |
| Prepaid expenses and deferred charges | $250,000 |
| Net Land, buildings, and equipment | $9,161,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $69,975 |
| Other assets | $0 |
| Total assets | $10,310,137 |
| Accounts payable and accrued expenses | $532,975 |
| 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 | $7,437,771 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,970,746 |
| Net assets without donor restrictions | $2,339,391 |
| 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 | $10,310,137 |