Yeshiva Ktana Of Passaic
- Assets
- $33.8m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 619
- Location
- Passaic, NJ
- Founding
- 02/1989
- Data as of
- 06/2021
- EIN
- 22-2823304
Organization Overview
Yeshiva Ktana Of Passaic is located in Passaic, NJ. The organization was established in 1989. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Yeshiva Ktana Of Passaic employed 619 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshiva Ktana Of Passaic 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, Yeshiva Ktana Of Passaic generated $20.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $19.5m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 7 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 PROVIDE JEWISH RELIGIOUS EDUCATION AND INSTRUCTION ON AN ELEMENTARY AND HIGH SCHOOL LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDER OF EDUCATION TO ELEMENTARY THROUGH HIGH SCHOOL AGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Rosenzweig Principal | 40 | $125,000 | |
Baila Stern High School Principal | 40 | $106,333 | |
Sharon B Schloss Elementary Division Principal - Gs | 40 | $101,333 | |
Esther Gold Controller | 40 | $100,234 | |
Marcel Schloss Assistant Secretary | Officer | 40 | $90,760 |
Rabbi Yosef Hirth Vice President | OfficerTrustee | 40 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,438,138 |
| Investment income | $7,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $247,980 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$113,539 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,538,079 |
| Statement of Expenses | |
|---|---|
| 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. | $212,809 |
| Compensation to disqualified persons | $180,759 |
| Other salaries and wages | $12,650,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,670,427 |
| Payroll taxes | $854,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,100 |
| Fees for services: Accounting | $90,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,845 |
| Advertising and promotion | $29,840 |
| Office expenses | $583,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $309,744 |
| Travel | $70,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $714,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $906,534 |
| Insurance | $310,399 |
| All other expenses | $0 |
| Total functional expenses | $19,463,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,466,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,774,815 |
| Accounts receivable, net | $2,306,095 |
| 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 | $136,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,000 |
| Total assets | $33,764,196 |
| Accounts payable and accrued expenses | $214,172 |
| Grants payable | $0 |
| Deferred revenue | $268,515 |
| 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 | $14,388,720 |
| Unsecured mortgages and notes payable | $316,723 |
| Other liabilities | $1,674,395 |
| Total liabilities | $16,862,525 |
| 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 |
| Total liabilities and net assets/fund balances | $16,901,671 |
Grants Awarded
Over the last fiscal year, Yeshiva Ktana Of Passaic has awarded $51,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MESIVTA OF PASSAIC PURPOSE: GENERAL SUPPORT | $25,000 |
CONGREGATION BAIS MEDRASH LTORAH PURPOSE: GENERAL SUPPORT | $15,000 |
YESHIVA ORCHOS CHAIM PURPOSE: GENERAL SUPPORT | $11,000 |