Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim
- Assets
- $1.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 79
- Location
- Brooklyn, NY
- Founding
- 09/1998
- Data as of
- 08/2023
- EIN
- 11-2546056
Organization Overview
Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim is located in Brooklyn, NY. The organization was established in 1998. 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 08/2023, Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim 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 08/2023, Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim generated $4.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.8m during the year ending 08/2023. While expenses have increased by 3.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A SCHOOL-SECTION 170(B)(1)(A)(II), OPERATING FROM THE PRESCHOOL PRE-K LEVEL THROUGH HIGH SCHOOL, AND CHARTERED NY THE NEW YORK STATE EDUCATION DEPARTMENT AND BOARD OF REGENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YESHIVA CONDUCTS, OPERATES AND MAINTAINS AN ELEMENTARY SCHOOL OFFERING INSTRUCTION FROM THE PRE-K LEVEL THRU GRADE EIGHT. THE YESHIVA ALSO OPERATES A COMPLETE HIGH SCHOOL, GRADES NINE THRU TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Abilevitz President & Director | OfficerTrustee | 20 | $0 |
Fred Grunseid Director | Trustee | 1 | $0 |
Jan Geliebter Sec'y & Board Chairman | OfficerTrustee | 15 | $0 |
Tara Ebbin Director | Trustee | 1 | $0 |
Charles Hochman Director | Trustee | 1 | $0 |
David Dubrow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $416,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,400 |
| Total Program Service Revenue | $3,763,962 |
| Investment income | $11,697 |
| 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 | $4,280,059 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,916,514 |
| Pension plan accruals and contributions | $114,854 |
| Other employee benefits | $52,567 |
| Payroll taxes | $468,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $0 |
| Office expenses | $18,489 |
| Information technology | $12,470 |
| Royalties | $0 |
| Occupancy | $355,974 |
| Travel | $36,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,870 |
| Insurance | $54,396 |
| All other expenses | $111,307 |
| Total functional expenses | $3,754,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$131,493 |
| 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 | $29,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,486,596 |
| Accounts payable and accrued expenses | $160,102 |
| 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 | $25,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $146,054 |
| Other liabilities | $0 |
| Total liabilities | $331,156 |
| Net assets without donor restrictions | $1,155,440 |
| 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 | $1,486,596 |