Yeshiva Shaare Torah Inc
- Assets
- $30.4m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 405
- Location
- Brooklyn, NY
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 11-2613334
Organization Overview
Yeshiva Shaare Torah Inc is located in Brooklyn, NY. The organization was established in 1984. 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 06/2022, Yeshiva Shaare Torah Inc employed 405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Shaare Torah 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 06/2022, Yeshiva Shaare Torah Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $16.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF YESHIVA SHAARE TORAH IS TO PROMOTE AND FOSTER THE DEVELOPMENT OF A BEN/BAT TORAH, A YOUNG PERSON CAPABLE OF ACTIVELY AND WHOLESOMELY INTERACTING WITH HIS FELLOW JEWS AND CITIZENS.
Describe the Organization's Program Activity:
PROVIDING PRESCHOOL, ELEMENTARY, AND HIGH SCHOOL SECULAR AND RELIGIOUS EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manny Haber Chairman | Trustee | 10 | $0 |
Hillel Haber Trustee | Trustee | 60 | $0 |
Moshe Benayon Trustee | Trustee | 10 | $36,775 |
Howard Gutterman Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $258,275 |
| Related organizations | $0 |
| Government grants | $7,024,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,716,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,999,483 |
| Total Program Service Revenue | $9,396,019 |
| Investment income | $78,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$258,105 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,288,437 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $165,000 |
| Other salaries and wages | $5,605,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,159,999 |
| Payroll taxes | $599,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,653 |
| Fees for services: Accounting | $18,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,348 |
| Advertising and promotion | $8,103 |
| Office expenses | $735,809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,289,287 |
| Travel | $24,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,243 |
| Interest | $36,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,399 |
| Insurance | $139,866 |
| All other expenses | $0 |
| Total functional expenses | $16,360,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,210,171 |
| Accounts receivable, net | $5,169,446 |
| 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 | $5,238 |
| Net Land, buildings, and equipment | $16,089,088 |
| Investments—publicly traded securities | $5,661,328 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,358,269 |
| Accounts payable and accrued expenses | $1,725,806 |
| Grants payable | $0 |
| Deferred revenue | $149,541 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $798,958 |
| Secured mortgages and notes payable | $20,726,463 |
| Unsecured mortgages and notes payable | $2,282,170 |
| Other liabilities | $18,095 |
| Total liabilities | $25,701,033 |
| Net assets without donor restrictions | $4,657,236 |
| 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 | $30,358,269 |