Ben Porat Yosef Inc
- Assets
- $11.3m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 137
- Location
- Paramus, NJ
- Founding
- 04/2005
- Data as of
- 06/2023
- EIN
- 22-3688043
Organization Overview
Ben Porat Yosef Inc is located in Paramus, NJ. The organization was established in 2005. 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 06/2023, Ben Porat Yosef Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben Porat Yosef 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 06/2023, Ben Porat Yosef Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $9.3m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORTHODOX YESHIVA DAY SCHOOL THAT STRIVES EACH DAY TO DEVELOP EACH CHILD'S AHAVAT HASHEM AND YIRAT HASHEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND MAINTAIN A NONPROFIT, COEDUCATIONAL, ORTHODOX SCHOOL. SCHOOL IS CONDUCTED 4 DAYS A WEEK FROM 8:30 AM TO 3:30 PM OR 4:30 PM AND ONE DAY A WEEK FROM 8:30 AM TO 1:20 PM OR 2:30 PM. THERE ARE TWELVE GRADES SERVING 410 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Barber Schwartz President | OfficerTrustee | 15 | $0 |
Gila Harary Trustee | Trustee | 5 | $0 |
Adam Groveman Vice President | OfficerTrustee | 10 | $0 |
Laura Abergel Trustee | Trustee | 5 | $0 |
Isaac Dayan Secretary | OfficerTrustee | 10 | $0 |
Howard Kestenbaum Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thor One Cleaning Services | 6/29/23 | $286,012 |
Kosher Experience Catering Services | 6/29/23 | $283,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $32,243 |
| Membership dues | $0 |
| Fundraising events | $386,831 |
| Related organizations | $0 |
| Government grants | $270,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,082,267 |
| Total Program Service Revenue | $7,852,181 |
| Investment income | $38,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $193,480 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,112 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $64,970 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,264,753 |
| 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. | $427,824 |
| Compensation of current officers, directors, key employees. | $275,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,038,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $944,651 |
| Payroll taxes | $335,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,339 |
| Fees for services: Accounting | $38,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,399 |
| Advertising and promotion | $36,673 |
| Office expenses | $96,542 |
| Information technology | $7,901 |
| Royalties | $0 |
| Occupancy | $872,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $564,753 |
| Insurance | $89,157 |
| All other expenses | $151,913 |
| Total functional expenses | $9,339,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,191,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,054 |
| Accounts receivable, net | $59,560 |
| 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 | $91,869 |
| Net Land, buildings, and equipment | $9,939,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,344,656 |
| Accounts payable and accrued expenses | $879,006 |
| Grants payable | $0 |
| Deferred revenue | $875,358 |
| 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 | $6,138,533 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,892,897 |
| Net assets without donor restrictions | $3,451,759 |
| 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 | $11,344,656 |