Jet-Jewish Education Team Inc
- Assets
- $992.6k
- Revenue
- $511.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-3353454
Organization Overview
Jet-Jewish Education Team Inc is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Jet-Jewish Education Team Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jet-Jewish Education Team 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 12/2021, Jet-Jewish Education Team Inc generated $511.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $472.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING JEWISH COLLEGE STUDENTS AND YOUNG PROFESSIONALS INNOVATIVE EDUCATIONAL, SOCIAL AND TRAVEL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSITIVE SPEECH PROJECT - APPROXIMATELY 50 STUDENTS A YEAR PARTICIPATE IN A PROGRAM PROVIDED BY JET RELATED TO IMPROVING COMMUNICATION. JEWISH LEADERSHIP PROGRAMS APPROXIMATELY 50 STUDENTS A YEAR TAKE CRASH COURSES IN JEWISH STUDIES PROVIDED BY JET. BOTH OF THESE PROGRAMS TAKE PLACE IN CHAMPAIGN.OTHER CLASSES ARE PROVIDED AT VARIOUS TIMES DURING THE YEAR IN CHAMPAIGN, CHICAGO, AND ONLINE.
SHABBATON PROGRAMS AND SHABBAT AND HOLIDAY MEALS - 225 STUDENTS AND YOUNG PROFESSIONALS ATTEND SHABBAT AND HOLIDAY MEALS AT JET HOMES IN CHAMPAIGN AND CHICAGO. JET RABBIS AND FRIENDS OF JET HOST THE STUDENTS WITH OVER 1000 MEALS SERVED OVER THE COURSE OF A YEAR.
TRIPS AND SOCIAL PROGRAMS: OVER THE COURSE OF THE SCHOOL YEAR JET ORGANIZES TRIPSAND SOCIAL PROGRAMS THAT STRENGTHENS JEWISH STUDENTS OBSERVANCE OF JUDAISM ANDCONNECTS THEM TO THEIR ROOTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Zev Kahn President | Officer | 50 | $35,000 |
Michael Levy Treasurer | Officer | 2 | $0 |
Les Lawrence Secretary | Officer | 2 | $0 |
Jeffrey Cohen Trustee | Trustee | 2 | $0 |
Hilary Kahn Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,586 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$43,249 |
| 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 | $511,580 |
| 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. | $215,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,424 |
| Payroll taxes | $4,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,787 |
| Advertising and promotion | $30,237 |
| Office expenses | $2,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,005 |
| Travel | $5,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,416 |
| Insurance | $4,341 |
| All other expenses | $2,836 |
| Total functional expenses | $471,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$314 |
| 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 | $872,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,317 |
| Total assets | $992,561 |
| Accounts payable and accrued expenses | $55,841 |
| 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 | $605,007 |
| Unsecured mortgages and notes payable | $29,000 |
| Other liabilities | $3,600 |
| Total liabilities | $693,448 |
| Net assets without donor restrictions | $299,113 |
| 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 | $992,561 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Jet-Jewish Education Team Inc has recieved totaling $37,706.
| Awarding Organization | Amount |
|---|---|
Morasha Olami Inc Lakewood, NJ PURPOSE: GENERAL SUPPORT | $24,667 |
Ember Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Maury And Nancy Fertig Family Foundation Deerfield, IL PURPOSE: SUPPORT GENERAL OPERATIONS | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agudath Israel Of Illinois Chicago, IL | $12,540,717 | $28,490,349 |
Israel Education Resource Northbrook, IL | $2,898,627 | $5,104,256 |
Jewish Book Trust Inc Chicago, IL | $193,677 | $3,687,800 |
Telshe Yeshiva-Chicago Rabbinical College Telshe-Chicago Chicago, IL | $12,712,898 | $3,475,484 |
Torah Center-Midwest Inc Saint Louis, MO | $8,797,444 | $7,267,802 |
The Hasten Hebrew Academy Of Indianapolis Inc Indianapolis, IN | $4,103,552 | $2,204,611 |
Jewish Federation Of Madison Inc Madison, WI | $7,961,945 | $1,844,886 |
Chicago Mezuzah And Mitzvah Campaign Chicago, IL | $6,088,811 | $3,236,437 |
Svara Chicago, IL | $877,369 | $1,978,989 |
American Conference Of Cantors Inc Schaumburg, IL | $8,030,419 | $1,368,770 |
Kollel Torah Mitzion Inc Skokie, IL | $507,215 | $1,156,945 |
Ravenswood Budlong Hebr Cong Chicago, IL | $4,029,296 | $795,339 |