Rabbinical College Of America
- Assets
- $17.7m
- Revenue
- $8.8m
- Investments
- $269.9k
- Employees
- 87
- Location
- Morristown, NJ
- Founding
- 10/1966
- Data as of
- 06/2021
- EIN
- 22-6017975
Organization Overview
Rabbinical College Of America is located in Morristown, NJ. The organization was established in 1966. As of 06/2021, Rabbinical College Of America employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rabbinical College Of America 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, Rabbinical College Of America generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $7.5m during the year ending 06/2021. While expenses have increased by 11.4% 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
OPERATION OF AN EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EDUCATIONAL INSTITUTION AS WELL AS COMMUNITY OUTREACH PROGRAMS IN THE GREATER METROPOLITAN AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Moshe Herson Dean | Officer | 40 | $59,400 |
Arnold H Chait Secretary | Trustee | 2 | $0 |
Robert G Rose Trustee | Trustee | 2 | $0 |
David Halpern Trustee | Trustee | 2 | $0 |
Jed Katz Trustee | Trustee | 2 | $0 |
Charles Kushner Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,639,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,163,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,802,588 |
| Total Program Service Revenue | $5,403,825 |
| Investment income | $35,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $493,729 |
| 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 | $8,764,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $333,129 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,770 |
| Compensation of current officers, directors, key employees. | $94,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,591,580 |
| Pension plan accruals and contributions | $16,668 |
| Other employee benefits | $1,922,259 |
| Payroll taxes | $125,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $397,246 |
| Advertising and promotion | $3,619 |
| Office expenses | $105,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $453,982 |
| Travel | $95,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,194 |
| Interest | $7,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,113 |
| Insurance | $175,737 |
| All other expenses | $205,122 |
| Total functional expenses | $7,507,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,667,764 |
| Savings and temporary cash investments | $6,193,274 |
| Pledges and grants receivable | $2,193,215 |
| Accounts receivable, net | $410,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,278 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,796,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $269,943 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,593 |
| Total assets | $17,682,831 |
| Accounts payable and accrued expenses | $200,720 |
| Grants payable | $0 |
| Deferred revenue | $952,743 |
| 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 | $926,800 |
| Other liabilities | $300,945 |
| Total liabilities | $2,381,208 |
| Net assets without donor restrictions | $12,259,201 |
| Net assets with donor restrictions | $3,042,422 |
| 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 | $17,682,831 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rabbinical College Of America has recieved totaling $360.
| Awarding Organization | Amount |
|---|---|
Joseph H Feldman Family Foundation Inc Florham Park, NJ PURPOSE: UNRESTRICTED GRANT FOR THE ORGANIZATION'S EXMEPT PURPOSE. | $360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Mosdot Goor Inc Brooklyn, NY | $1,038,299 | $11,536,535 |
Rabbinical College Of America Morristown, NJ | $17,682,831 | $8,764,969 |
Talmudic Research Center Of Northern New Jersey Passaic, NJ | $6,255,764 | $5,201,190 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,601,557 | $4,913,878 |
Association For Jewish Studies Inc New York, NY | $2,749,945 | $1,295,514 |
Yeshivas Bais Mordechai Of Teaneck Inc Teaneck, NJ | $1,013,053 | $1,259,759 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $53,047 | $754,208 |
Hadar Hatorah Inc Brooklyn, NY | $539,240 | $752,352 |
Associates For Biblical Research Akron, PA | $750,222 | $744,598 |
Dialogue Institute Philadelphia, PA | $464,596 | $151,581 |
Shaar Hatalmud Institute Brooklyn, NY | $1,893,423 | $1,487,905 |
Interweave Inc Summit, NJ | $9,609 | $55,951 |