Rabbinical College Of Telshe Inc
- Assets
- $4.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 128
- Location
- Wickliffe, OH
- Founding
- 04/1953
- Data as of
- 06/2021
- EIN
- 34-0801310
Organization Overview
Rabbinical College Of Telshe Inc is located in Wickliffe, OH. The organization was established in 1953. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Rabbinical College Of Telshe Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rabbinical College Of Telshe 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, Rabbinical College Of Telshe Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 1.8% 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 A POST-SECONDARY INSTITUTION OFFERING ADVANCED RABBINICAL EDUCATION AS WELL AS A HIGH-SCHOOL PREPARATORY PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE HIGH-SCHOOL AND POST-SECONDARY INSTITUTION OFFERING HIGH-SCHOOL AND ADVANCED RABBINICAL EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi David Goldberg President | OfficerTrustee | 40 | $63,016 |
Rabbi Anshel Helman Treasurer | OfficerTrustee | 40 | $52,800 |
Rabbi Sholom Shapiro Secretary | OfficerTrustee | 40 | $45,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $845,004 |
| Related organizations | $0 |
| Government grants | $905,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,483,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,233,907 |
| Total Program Service Revenue | $2,220,538 |
| Investment income | $4,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$215,617 |
| Net Income from Gaming Activities | $43,069 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,286,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,760 |
| Grants and other assistance to domestic individuals. | $279,418 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,020,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,511 |
| Payroll taxes | $48,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,443 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,495 |
| Advertising and promotion | $63,354 |
| Office expenses | $192,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,504 |
| Travel | $17,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,192 |
| Insurance | $51,355 |
| All other expenses | $0 |
| Total functional expenses | $3,958,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,321 |
| Savings and temporary cash investments | $231,625 |
| Pledges and grants receivable | $238,935 |
| Accounts receivable, net | $429,117 |
| 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 | $37,525 |
| Net Land, buildings, and equipment | $2,422,576 |
| Investments—publicly traded securities | $895,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,924,770 |
| Accounts payable and accrued expenses | $833,432 |
| 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 | $232,874 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $24,000 |
| Other liabilities | $0 |
| Total liabilities | $1,090,306 |
| Net assets without donor restrictions | $3,635,207 |
| Net assets with donor restrictions | $199,257 |
| 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 | $4,924,770 |
Grants Awarded
Over the last fiscal year, Rabbinical College Of Telshe Inc has awarded $35,296 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland Heights, OH PURPOSE: RABBINICAL EDUCATION ASSISTANCE | $21,296 |
Cleveland Hts, OH PURPOSE: RABBINICAL EDUCATION ASSISTANCE | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Rabbinical College Of Telshe Inc has recieved totaling $41,460.
| Awarding Organization | Amount |
|---|---|
Harry H Beren Foundation Zb Denver, CO PURPOSE: EDUCATIONAL | $17,500 |
| $7,100 | |
Harry H Beren Foundation Dib Denver, CO PURPOSE: EDUCATIONAL | $6,500 |
Chicago Chesed Fund Inc Lincolnwood, IL PURPOSE: EDUCATION FOR POOR | $6,000 |
The Kangesser Foundation Newton, MA PURPOSE: CHARITABLE SUPPORT | $3,000 |
Propp Foundation Inc Jupiter, FL PURPOSE: FOR GENERAL OPERATING CHARITABLE NEEDS OF RECIPIENT ORGANIZATION | $500 |
Endowment Analysis
| Beg. Balance | $136,665 |
| Net Contributions | $69,750 |
| Other Expense | $7,158 |
| Ending Balance | $199,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Baker College Flint, MI | $17,867,262 | $11,641,595 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
Simmons College Of Kentucky Inc Louisville, KY | $11,109,137 | $8,273,027 |
The Northern Michigan University Foundation Marquette, MI | $51,572,158 | $7,666,417 |
Rabbinical College Of Telshe Inc Wickliffe, OH | $4,924,770 | $5,286,495 |
Valor Christian College Columbus, OH | $1,469,992 | $3,133,613 |
James A Rhodes State College Foundation Lima, OH | $6,805,067 | $2,232,723 |