Torah Nursery Inc is located in South Euclid, OH. The organization was established in 2012. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, Torah Nursery Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Nursery 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 12/2022, Torah Nursery Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 16.8% per year over the past 5 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
FURNISH AGE APPROPRIATE NURSERY SERVICES TO CHILDREN AGES INFANT-5, SO THAT PARENTS CAN BE GAINFULLY EMPLOYED, BY PROVIDING ACTIVITIES REGARDING JEWISH HOLIDAYS, PRAYER AND CUSTOMS IN A TRADITIONAL ORTHODOX JEWISH PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISH AGE APPROPRIATE NURSERY SERVICES TO CHILDREN AGES INFANT-5, SO THAT PARENTS CAN BE GAINFULLY EMPLOYED, BY PROVIDING ACTIVITIES REGARDING JEWISH HOLIDAYS, PRAYER AND CUSTOMS IN A TRADITIONAL ORTHODOX JEWISH PRACTICE.INFANT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Jacobs Treasurer And Director | OfficerTrustee | 45 | $59,950 |
Brian Domb Secretary And Director | OfficerTrustee | 2 | $0 |
Alexander Benkhen President And Director | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $366,746 |
All other contributions, gifts, grants, and similar amounts not included above | $27,685 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $394,431 |
Total Program Service Revenue | $1,247,587 |
Investment income | $5 |
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 | $1,642,023 |
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. | $59,950 |
Compensation of current officers, directors, key employees. | $29,975 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $598,513 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $56,047 |
Fees for services: Management | $0 |
Fees for services: Legal | $132 |
Fees for services: Accounting | $16,170 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $12,095 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,660 |
Office expenses | $4,770 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $72,706 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $30,722 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $34,903 |
Insurance | $0 |
All other expenses | $10,076 |
Total functional expenses | $1,091,831 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $201,974 |
Savings and temporary cash investments | $250,889 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,657 |
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 | $1,064,051 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,525,571 |
Accounts payable and accrued expenses | $15,332 |
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 | $661,390 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $676,722 |
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 | $848,849 |
Total liabilities and net assets/fund balances | $1,525,571 |