Yeshivas Toras Chaim Inc
- Assets
- $10.5m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 50
- Location
- Lakewood, NJ
- Founding
- 01/1998
- Data as of
- 08/2021
- 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 08/2021, Yeshivas Toras Chaim Inc employed 50 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 08/2021, Yeshivas Toras Chaim Inc 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 7.9% each year. All expenses for the organization totaled $4.2m during the year ending 08/2021. While expenses have increased by 5.8% 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
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 | $68,315 |
Michael Gruss President | Trustee | 0.5 | $0 |
Moses Shvarzblat Vice Preside | Trustee | 1.5 | $0 |
Mark Goldenberg Officer | Trustee | 0.5 | $0 |
Marcel Gestetner Officer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $892,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,538,316 |
| Total Program Service Revenue | $3,338,284 |
| Investment income | $2,927 |
| 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 | $4,925,167 |
| 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. | $68,315 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,332,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $524,249 |
| Payroll taxes | $70,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,331 |
| Fees for services: Accounting | $22,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,506 |
| Advertising and promotion | $0 |
| Office expenses | $19,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,983 |
| Travel | $58,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,438 |
| Insurance | $53,614 |
| All other expenses | $274,825 |
| Total functional expenses | $4,186,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,400,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,144,338 |
| 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 | $15,215 |
| Net Land, buildings, and equipment | $5,822,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $65,516 |
| Other assets | $70,737 |
| Total assets | $10,518,995 |
| Accounts payable and accrued expenses | $249,525 |
| Grants payable | $0 |
| Deferred revenue | $87,755 |
| 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 | $2,135,779 |
| Total liabilities | $2,473,059 |
| Net assets without donor restrictions | $8,045,936 |
| 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 | $10,518,995 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Yeshivas Toras Chaim Inc has recieved totaling $216,542.
| Awarding Organization | Amount |
|---|---|
Rein Foundation Inc Lakewood, NJ | | $135,811 |
Sff Foundation Lakewood, NJ PURPOSE: RELIGIOUS OR EDUCATIONAL PURPOSES | $28,000 |
Organization Name not Listed PURPOSE: CHARITABLE | | $23,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $18,000 |
Wachsman Family Foundation Far Rockaway, NY PURPOSE: GENERAL SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Life At Lourdes Inc Pennsauken, NJ | $24,117,814 | $24,014,115 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Robert Treat Academy Charter School Inc Newark, NJ | $3,987,701 | $14,176,967 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |