Yeshivas Toras Chaim Inc
- Assets
- $9.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Lakewood, NJ
- Founding
- 01/1998
- Data as of
- 08/2023
- EIN
- 22-3514050
Organization Overview
Yeshivas Toras Chaim Inc is located in Lakewood, NJ. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2023, Yeshivas Toras Chaim Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yeshivas Toras Chaim 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 08/2023, Yeshivas Toras Chaim Inc generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.2m during the year ending 08/2023. 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
THE ORGANIZATION OPERATES A RELIGIOUS/PAROCHIAL HIGH SCHOOL AND COLLEGE IN LAKEWOOD, NJ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RELIGIOUS/ PAROCHIAL HIGH SCHOOL AND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Slomovitz Dean | OfficerTrustee | 50 | $67,040 |
Marcel Gestetner Officer | Trustee | 0.5 | $0 |
Mark Goldenberg Officer | Trustee | 0.5 | $0 |
Michael Gruss President | Trustee | 0.5 | $0 |
Moses Shvarzblat Vice Preside | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,650 |
| Total Program Service Revenue | $3,037,238 |
| Investment income | $30,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,333 |
| 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 | $3,857,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,249,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $987,650 |
| Payroll taxes | $131,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,836 |
| Fees for services: Accounting | $22,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,054 |
| Advertising and promotion | $0 |
| Office expenses | $23,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,761 |
| Travel | $74,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,833 |
| Insurance | $61,367 |
| All other expenses | $177,881 |
| Total functional expenses | $4,243,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,237 |
| Savings and temporary cash investments | $2,504,154 |
| Pledges and grants receivable | $771,693 |
| Accounts receivable, net | $535,182 |
| 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 | $13,466 |
| Net Land, buildings, and equipment | $5,487,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,181 |
| Other assets | $85,169 |
| Total assets | $9,883,236 |
| Accounts payable and accrued expenses | $154,014 |
| Grants payable | $0 |
| Deferred revenue | $83,576 |
| 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 | $1,850,823 |
| Total liabilities | $2,088,413 |
| Net assets without donor restrictions | $7,794,823 |
| 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 | $9,883,236 |