Torah Academy Of Bergen County
- Assets
- $12.6m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 94
- Location
- Teaneck, NJ
- Founding
- 10/1989
- Data as of
- 06/2021
- EIN
- 22-2890836
Organization Overview
Torah Academy Of Bergen County is located in Teaneck, 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, Torah Academy Of Bergen County employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torah Academy Of Bergen County 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, Torah Academy Of Bergen County generated $11.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $10.1m during the year ending 06/2021. While expenses have increased by 2.9% 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
PROVIDE RELIGIOUS AND SECULAR EDUCATION FOR HIGH SCHOOL BOYS GRADES 9-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS AND SECULAR EDUCATION FOR BOYS GRADES 9-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sholomo Adelman Head Of Scho | Officer | $345,000 | |
Arthur Poleyeff Principal | Officer | $199,000 | |
Ezra Wiener Principal | $190,000 | ||
Yosef Adler Rosh Hayeshi | Officer | $160,000 | |
Gary Beitler Dean Of Stud | $145,000 | ||
Azi Mandel President | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eastgate Management Services Corp Construction | 6/29/19 | $239,955 |
John Leckie Inc Busing | 6/29/19 | $123,228 |
Eli Levy Busing | 6/29/19 | $104,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $859,123 |
| Related organizations | $0 |
| Government grants | $234,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,413,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,506,654 |
| Total Program Service Revenue | $8,828,588 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$84,881 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,250,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,750,340 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $704,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,791,076 |
| Pension plan accruals and contributions | $94,482 |
| Other employee benefits | $254,088 |
| Payroll taxes | $413,443 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,973 |
| Office expenses | $184,788 |
| 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 | $0 |
| Interest | $145,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $366,920 |
| Insurance | $37,512 |
| All other expenses | $109,133 |
| Total functional expenses | $10,065,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,795,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $161,680 |
| Accounts receivable, net | $90,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $118,471 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,133,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $309,048 |
| Total assets | $12,608,084 |
| Accounts payable and accrued expenses | $1,058,924 |
| Grants payable | $0 |
| Deferred revenue | $642,187 |
| 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 | $5,550,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,658 |
| Total liabilities | $7,301,252 |
| Net assets without donor restrictions | $5,306,832 |
| 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 | $12,608,084 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Torah Academy Of Bergen County has recieved totaling $405,532.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $181,701 |
Gottesman Fund Washington, DC PURPOSE: GENERAL SUPPORT | $100,000 |
Ma Tov Charitable Foundation Teaneck, NJ PURPOSE: TO CONTRIBUTE TO QUALIFIED CHARITABLE ORGANIZATIONS. | $28,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $19,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $18,000 |
Carl & Sylvia Freyer Family Foundation Inc Englewood, NJ PURPOSE: RELIGIOUS, EDUCATIONAL & SCIENTIFIC | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yeshivat Darche Eres Inc Brooklyn, NY | $74,421,556 | $48,431,872 |
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |
Keren Hashviis Inc Lakewood, NJ | $9,961,423 | $20,140,768 |