Gottesman Rtw Academy
- Assets
- $20.9m
- Revenue
- $4.9m
- Investments
- $634.4k
- Employees
- 74
- Location
- Randolph, NJ
- Founding
- 03/1979
- Data as of
- 06/2021
- EIN
- 22-1833220
Organization Overview
Gottesman Rtw Academy is located in Randolph, NJ. The organization was established in 1979. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Gottesman Rtw Academy employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gottesman Rtw Academy 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 06/2021, Gottesman Rtw Academy generated $4.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN HIGH STANDARDS OF ACADEMIC EXCELLENCE AND NURTURE STUDENTS IN AN ENVIRONMENT INFUSED WITH THE RICHNESS OF JEWISH LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A JEWISH DAY SCHOOL FOR APPROXIMATELY 169 STUDENTS LIVING IN THE AREA OF MORRIS COUNTY, NJ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Vaknin Head Of School | Officer | 40 | $168,500 |
Cheryl Bahar Dean Of General Studies | 40 | $131,381 | |
Liron Kormas-Harpaz President | OfficerTrustee | 15 | $0 |
Jarrett Bluth Vice President | OfficerTrustee | 5 | $0 |
Steven Levy Treasurer | OfficerTrustee | 10 | $0 |
Lavette Shrem Co-Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
International Management Building Construction | 6/29/16 | $2,633,270 |
Fredco Landscaping Landscaping Services | 6/29/16 | $163,700 |
J&m Caterers Catering Services | 6/29/16 | $158,072 |
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 | $1,682,503 |
| Noncash contributions included in lines 1a–1f | $21,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,682,503 |
| Total Program Service Revenue | $3,123,315 |
| Investment income | $51,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,336 |
| 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 | $4,860,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,884,294 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,514,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,698 |
| Payroll taxes | $212,510 |
| Fees for services: Management | $0 |
| 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 | $5,130 |
| Fees for services: Other | $70,101 |
| Advertising and promotion | $0 |
| Office expenses | $25,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,062 |
| Interest | $52,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $493,351 |
| Insurance | $72,779 |
| All other expenses | $150,393 |
| Total functional expenses | $6,339,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $909,668 |
| Savings and temporary cash investments | $33,431 |
| Pledges and grants receivable | $2,998,882 |
| Accounts receivable, net | $26,119 |
| 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 | $52,378 |
| Net Land, buildings, and equipment | $15,881,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $634,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $318,128 |
| Total assets | $20,854,730 |
| Accounts payable and accrued expenses | $69,994 |
| Grants payable | $0 |
| Deferred revenue | $108,239 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $400,000 |
| Secured mortgages and notes payable | $1,674,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,252,685 |
| Net assets without donor restrictions | $14,845,043 |
| Net assets with donor restrictions | $3,757,002 |
| 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 | $20,854,730 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Gottesman Rtw Academy has recieved totaling $444,060.
| Awarding Organization | Amount |
|---|---|
Steven And Beverly Rubenstein Charitable Foundation Inc West Palm Beach, FL PURPOSE: DONATION | $250,000 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ PURPOSE: GRTWA SCHOOL-BASED HEALTH AND WELLNESS GRANT YEAR 3 | $66,300 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ PURPOSE: GRTWA SCHOOL-BASED HEALTH AND WELLNESS GRANT, YEAR 3 | $66,300 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ PURPOSE: GRTWA SCHOOL-BASED HEALTH AND WELLNESS | $46,500 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: HARD COSTS RELATED TO CONSTRUCTION OF A NEW PLAYGROUND. | $7,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,419 |
Endowment Analysis
| Beg. Balance | $14,898 |
| Ending Balance | $14,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |