Bais Medrash L Torah Inc
- Assets
- $29.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Lakewood, NJ
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 20-8094433
Organization Overview
Bais Medrash L Torah Inc is located in Lakewood, NJ. The organization was established in 2009. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Bais Medrash L Torah Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bais Medrash L 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 12/2023, Bais Medrash L Torah Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 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
TO OPERATE A POST SECONDARY SCHOOL WHICH PROVIDES COURSES OF STUDY IN ADVANCED TALMUDIC LAW
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COURSES OF STUDY IN ADVANCED TALMUDIC LAW TO STUDENT BODY OF 105 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yisroel Goldblatt President | Officer | 40 | $30,250 |
Simcha Feuer Officer | Officer | 1 | $0 |
David Ganz Officer | Officer | 1 | $0 |
Simon Ganz Officer | Officer | 1 | $0 |
Benjamin Klein Officer | Officer | 1 | $0 |
Herman Steinfeld Officer | Officer | 1 | $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 | $1,018,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,018,225 |
| Total Program Service Revenue | $37,500 |
| 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 | $1,055,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,834 |
| Grants and other assistance to domestic individuals. | $302,994 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,972 |
| Payroll taxes | $15,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,699 |
| Advertising and promotion | $19,379 |
| Office expenses | $35,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,047 |
| 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 | $964 |
| Insurance | $5,211 |
| All other expenses | $21,360 |
| Total functional expenses | $1,053,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $180 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,586 |
| Accounts payable and accrued expenses | $24,425 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $215,692 |
| Total liabilities | $240,117 |
| Net assets without donor restrictions | -$210,531 |
| 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 | $29,586 |
Grants Awarded
Over the last fiscal year, Bais Medrash L Torah Inc has awarded $535,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION ZICHRON YOSEF MORDECHA PURPOSE: FURTHER CHARITABLE P | $474,500 |
CONGREGATION ZICHRON LEAH PURPOSE: FURTHER CHARITABLE P | $60,500 |