Yeshivat Keter Torah Inc
- Assets
- $5.7m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 95
- Location
- Eatontown, NJ
- Founding
- 05/2000
- Data as of
- 06/2021
- EIN
- 22-3645689
Organization Overview
Yeshivat Keter Torah Inc is located in Eatontown, NJ. The organization was established in 2000. 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, Yeshivat Keter Torah Inc employed 95 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Yeshivat Keter Torah 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 06/2021, Yeshivat Keter Torah Inc generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 22.0% 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
EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY AND HIGH SCHOOL FOR RELIGIOUS CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchel Gemal Trustee | Officer | 38 | $108,000 |
Mordechai Dabbah Trustee | Officer | 40 | $78,000 |
Ronnie Safdieh Trustee | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,280,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,674,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,955,675 |
| Total Program Service Revenue | $1,519,300 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $8,474,982 |
| 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. | $186,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,439,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $452,215 |
| Payroll taxes | $320,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,400 |
| Fees for services: Accounting | $11,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,914 |
| Office expenses | $12,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,882 |
| Insurance | $71,621 |
| All other expenses | $215,195 |
| Total functional expenses | $6,239,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,476,761 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,039,263 |
| Accounts receivable, net | $111,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $360,770 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,590,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $31,499 |
| Other assets | $67,449 |
| Total assets | $5,678,026 |
| Accounts payable and accrued expenses | $44,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,450,323 |
| Unsecured mortgages and notes payable | $65,169 |
| Other liabilities | $257,099 |
| Total liabilities | $1,816,622 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $3,861,404 |
| Total liabilities and net assets/fund balances | $5,678,026 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yeshivat Keter Torah Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Scaba Family Foundation Inc New York, NY PURPOSE: CHARITABLE | $5,000 |
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 |