Beth Medrash Of Asbury Park Inc
- Assets
- $3.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- West Long Branch, NJ
- Founding
- 09/2010
- Data as of
- 08/2021
- EIN
- 27-0694073
Organization Overview
Beth Medrash Of Asbury Park Inc, operating under the name Bais Medrash Zichron Meir, is located in West Long Branch, NJ. The organization was established in 2010. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2021, Bais Medrash Zichron Meir employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bais Medrash Zichron Meir 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, Bais Medrash Zichron Meir generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $1.5m during the year ending 08/2021. While expenses have increased by 15.0% 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
BETH MEDRASH OF ASBURY PARK INC. IS A RELIGIOUS UNDERGRADUATE SEMINARY THAT OPERATES IN OCEAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETH MEDRASH OF ASBURY PARK INC. IS A RELIGIOUS UNDERGRADUATE SEMINARY WITH APPROXIMATELY 60 STUDENTS THAT OPERATES IN OCEAN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Gruen Director | Trustee | 5 | $0 |
Gabriel Finkel Director | Trustee | 5 | $0 |
Dovid Weisberger Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $587,011 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,332,898 |
| Total Program Service Revenue | $751,481 |
| Investment income | $0 |
| 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 | $1,992,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $249,618 |
| 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 | $462,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,612 |
| Payroll taxes | $6,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,457 |
| Advertising and promotion | $2,179 |
| Office expenses | $2,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,743 |
| Travel | $11,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,003 |
| Interest | $84,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,230 |
| Insurance | $0 |
| All other expenses | $19,495 |
| Total functional expenses | $1,484,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,421 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $196,900 |
| Accounts receivable, net | $33,389 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,143,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,109 |
| Other assets | $1,207,177 |
| Total assets | $3,643,260 |
| Accounts payable and accrued expenses | $20,782 |
| Grants payable | $0 |
| Deferred revenue | $20,390 |
| 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 | $1,539,469 |
| Unsecured mortgages and notes payable | $154,362 |
| Other liabilities | $0 |
| Total liabilities | $1,735,003 |
| Net assets without donor restrictions | $1,908,257 |
| 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 | $3,643,260 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Beth Medrash Of Asbury Park Inc has recieved totaling $125,500.
| Awarding Organization | Amount |
|---|---|
| $45,000 | |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $30,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $28,500 |
American Friends Of Merkaz Chasidei Viznitz Inc Brooklyn, NY | | $22,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |
North Shore Hebrew Academy High School Great Neck, NY | $49,436,731 | $14,949,978 |
Urban Assembly Charter School For Computer Science Bronx, NY | $2,356,252 | $11,407,021 |
Storm King School Cornwallonhudson, NY | $15,168,263 | $12,121,769 |
Aquinas Institute Of Rochester Rochester, NY | $7,583,469 | $12,006,968 |