Midwest Torah Center Corporation
- Assets
- $1.4m
- Revenue
- $113.2k
- Investments
- $38.8k
- Employees
- 2
- Location
- South Bend, IN
- Founding
- 03/2007
- Data as of
- 07/2023
- EIN
- 20-4465187
Organization Overview
Midwest Torah Center Corporation is located in South Bend, IN. 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 07/2023, Midwest Torah Center Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Torah Center Corporation 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 07/2023, Midwest Torah Center Corporation generated $113.2k 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 (33.4%) each year. All expenses for the organization totaled $170.6k during the year ending 07/2023. 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
TO IDENTIFY THE INTEREST AND NEEDS OF THE GENERAL JEWISH COMMUNITY AND DEVELOP A CURRICULUM OF JEWISH STUDIES WHICH IS TAILORED TO THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SABBATH AND HOLIDAY SERVICES FOR ALL AGES. LECTURES ON JEWISH OBSERVANCE ARE CONDUCTED ON A DAILY BASIS. YOUTH UP TO AGE 18, MEET AND PERFORM EDUCATIONAL AND RECREATIONAL ACTIVITIES ON A WEEKLY BASIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aryeh Kramer Vice Preside | OfficerTrustee | 2 | $0 |
Stacey Rubin Secretary | OfficerTrustee | 2 | $0 |
Stephen Sokolow President | OfficerTrustee | 4 | $0 |
Ben Solomon Treasurer | 2 | $0 | |
Simon Springer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,328 |
| Fundraising events | $0 |
| Related organizations | $2,415 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,338 |
| Total Program Service Revenue | $1,908 |
| Investment income | $0 |
| 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 | $113,246 |
| 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 | $31,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,250 |
| Payroll taxes | $2,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,953 |
| Advertising and promotion | $12,507 |
| Office expenses | $8,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,304 |
| Travel | $1,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,931 |
| Interest | $599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,479 |
| Insurance | $8,653 |
| All other expenses | $0 |
| Total functional expenses | $170,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,541 |
| 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 | $1,264,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $38,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,375,512 |
| Accounts payable and accrued expenses | $5,684 |
| 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 | $14,005 |
| Unsecured mortgages and notes payable | $138,242 |
| Other liabilities | $2,506 |
| Total liabilities | $160,437 |
| 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 | $1,215,075 |
| Total liabilities and net assets/fund balances | $1,375,512 |