Yeshiva Chayei Olam
- Assets
- $691.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Lakewood, NJ
- Founding
- 03/2010
- Data as of
- 01/2024
- EIN
- 20-8508320
Organization Overview
Yeshiva Chayei Olam is located in Lakewood, NJ. The organization was established in 2010. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 01/2024, Yeshiva Chayei Olam employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Chayei Olam 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 01/2024, Yeshiva Chayei Olam generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $1.4m during the year ending 01/2024. While expenses have increased by 19.6% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND RELIGIOUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RELIGOUS/PARIOCHIAL HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald D Ungar Secretary/tr | OfficerTrustee | 50 | $23,500 |
Ely Ungar President | OfficerTrustee | 60 | $22,441 |
Aron Heizler Trustee | Trustee | 1 | $0 |
Michael Kalish Vice Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,888 |
| Total Program Service Revenue | $401,593 |
| Investment income | $32 |
| 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 | $1,039,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,447 |
| Grants and other assistance to domestic individuals. | $1,148 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,941 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,535 |
| Payroll taxes | $23,294 |
| Fees for services: Management | $47,525 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,078 |
| Advertising and promotion | $1,860 |
| Office expenses | $71,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,000 |
| Travel | $15,504 |
| 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 | $130,926 |
| Insurance | $8,732 |
| All other expenses | $9,106 |
| Total functional expenses | $1,397,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,072 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,000 |
| Total assets | $691,072 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,015,900 |
| Unsecured mortgages and notes payable | $66,239 |
| Other liabilities | $51,153 |
| Total liabilities | $1,133,292 |
| 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 | -$442,220 |
| Total liabilities and net assets/fund balances | $691,072 |
Grants Awarded
Over the last fiscal year, Yeshiva Chayei Olam has awarded $12,383 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHASDEI LEV PURPOSE: CHARITABLE | $6,383 |
VARIOUS | | | $6,000 |