Orlando Torah Academy Inc
- Assets
- $3.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 52
- Location
- Orlando, FL
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 27-2575267
Organization Overview
Orlando Torah Academy Inc is located in Orlando, FL. The organization was established in 2012. 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 06/2022, Orlando Torah Academy Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando Torah Academy 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 06/2022, Orlando Torah Academy Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 15.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A RELIGIOUS ELEMENTARY SCHOOL AND PRE SCHOOL, DAILY SCHEDULE INCLUDES PRAYER SERVICES, RELIGIOUS AND SECULAR INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A SYNAGOGUE AND RELIGIOUS ELEMENTARY AND PRE SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yehuda Schepansky Secretary | Officer | 60 | $53,217 |
Rabbi Avraham Wachsman Treasurer | Officer | 60 | $57,063 |
Rabbi Keeva Grunblatt Vice Preside | Officer | 1 | $0 |
Rabbi Dovid Harris President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,600 |
| Related organizations | $0 |
| Government grants | $397,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,277,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,693,723 |
| Total Program Service Revenue | $1,278,483 |
| Investment income | $783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,973,549 |
| 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. | $204,896 |
| Compensation of current officers, directors, key employees. | $40,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $67,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,658 |
| Advertising and promotion | $19,797 |
| Office expenses | $27,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,980 |
| Travel | $2,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,718 |
| Interest | $68,926 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,465 |
| Insurance | $22,852 |
| All other expenses | $91,438 |
| Total functional expenses | $2,259,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,003 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $29,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,302,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,620 |
| Total assets | $3,398,620 |
| Accounts payable and accrued expenses | $1,034 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $38,376 |
| Other liabilities | $2,105,587 |
| Total liabilities | $2,144,997 |
| Net assets without donor restrictions | $1,253,623 |
| 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 | $3,398,620 |