Gindi Maimonides Academy
- Assets
- $34.9m
- Revenue
- $11.8m
- Investments
- $672.7k
- Employees
- 207
- Location
- Los Angeles, CA
- Founding
- 06/1978
- Data as of
- 06/2017
- EIN
- 95-3214146
Organization Overview
Gindi Maimonides Academy is located in Los Angeles, CA. The organization was established in 1978. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2017, Gindi Maimonides Academy employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gindi Maimonides Academy 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 06/2017, Gindi Maimonides Academy generated $11.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $11.9m during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
GINDI MAIMONIDES ACADEMY WAS FOUNDED IN 1968 TO PROVIDE JEWISH YOUTH WITH A GENERAL AND JUDAIC EDUCATION FOR TRANSITION THROUGH EIGHTH GRADE IN AN ATMOSPHERE THAT EMPHASIZES THE UNIQUE JEWISH SEPHARDIC HERITAGE AND TRADITION. THE ACADEMY SERVICES APPROXIMATELY 500 STUDENTS. THE ACADEMY ALSO PROVIDES A SUMMER DAY CAMP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GINDI MAIMONIDES ACADEMY EDUCATED APPROXIMATELY 500 STUDENTS, EMPHASIZING SEPHARDIC JEWISH HERITAGE AND TRADITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Sostchen Grl. Studies Princ | 45 | $207,508 | |
Rabbi Aharon Wilk Head Of School | Officer | 55 | $181,450 |
Rabbi Baruch Kupfer Executive Dir. | Officer | 50 | $162,062 |
Claire Peikon Early Childhood Di | 45 | $161,875 | |
Lori Fogel CFO | 45 | $157,477 | |
William Walton Math Department Ch | 45 | $102,347 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All In One Protection & Private Security Security Service | 6/29/17 | $252,878 |
Senova Service Co Llc Cleaning Service | 6/29/17 | $330,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,588,165 |
| Investment income | $2,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,907 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$251,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,812,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,060,516 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $623,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,002,280 |
| Pension plan accruals and contributions | $113,747 |
| Other employee benefits | $278,823 |
| Payroll taxes | $426,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,451 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,150 |
| Advertising and promotion | $27,485 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $543,926 |
| Travel | $0 |
| 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 | $727,612 |
| Insurance | $105,873 |
| All other expenses | $0 |
| Total functional expenses | $11,904,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,150,740 |
| Accounts receivable, net | $121,169 |
| Loans from Officers, Directors, or Controlling Persons | $275,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $672,685 |
| Investments—program-related | $0 |
| Intangible assets | $344,598 |
| Other assets | $182,892 |
| Total assets | $34,911,560 |
| Accounts payable and accrued expenses | $1,392,731 |
| Grants payable | $0 |
| Deferred revenue | $1,991,932 |
| Tax-exempt bond liabilities | $9,650,000 |
| 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 | $18,232 |
| Total liabilities | $13,052,895 |
| Net assets without donor restrictions | $21,858,665 |
| 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 |
| Total liabilities and net assets/fund balances | $21,858,665 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gindi Maimonides Academy has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Harry And Hilda Eisen Family Foundation Los Angeles, CA PURPOSE: JUDAIC & GENERAL STUDIES | $60,000 |
Endowment Analysis
| Beg. Balance | $95,000 |
| Grants | $95,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Voice Ministries International Phoenix, AZ | $79,493,125 | $35,215,063 |
Moishe House Encinitas, CA | $19,041,073 | $20,159,134 |
Bet Tzedek Los Angeles, CA | $20,991,806 | $14,183,587 |
Gindi Maimonides Academy Los Angeles, CA | $34,911,560 | $11,812,209 |
Tawonga Jewish Community Corporation San Francisco, CA | $25,073,230 | $10,042,724 |
Mazon Inc A Jewish Response To Hunger Los Angeles, CA | $10,383,611 | $8,401,435 |
Jfs Care Los Angeles, CA | $4,827,972 | $7,598,885 |
Chevra Kadisha-Sinai Memorial Chapel San Francisco, CA | $19,874,604 | $6,206,049 |
Bureau Of Jewish Education Of Greater Los Angeles Los Angeles, CA | $15,756,335 | $8,347,310 |
Jewish Community Relations Council Of San Francisco Marin & Peninsula San Francisco, CA | $8,474,057 | $4,264,159 |
American Friends Of Biala Institutions Of Bnei Brak Israel Los Angeles, CA | $883,987 | $2,678,459 |
Friends Of Chabad Of Hebron Irvine, CA | $551,550 | $1,939,489 |