Nj Education And Parnasah Institute
- Assets
- $211.9k
- Revenue
- $504.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Lakewood, NJ
- Founding
- 05/2014
- Data as of
- 07/2022
- EIN
- 45-3085288
Organization Overview
Nj Education And Parnasah Institute is located in Lakewood, NJ. The organization was established in 2014. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 07/2022, NJ Education And Parnasah Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Education And Parnasah Institute 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 07/2022, NJ Education And Parnasah Institute generated $504.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.6% each year . All expenses for the organization totaled $352.4k during the year ending 07/2022. While expenses have increased by 54.3% 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
NJ EDUCATION AND PARNASAH INSTITUTES MISSION IS TO HELP BMG YESHIVA STUDENTS TRANSITION FROM A TORAH STUDY ENVIRONMENT TO BECOMING EFFECTIVE EARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSES FOR YESHIVA STUDENTS TO ABLE TO ENTER THE WORKFORCE AND ACHIEVE SELF-SUSTAINING EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zisha Novoseller Officer | Officer | 40 | $102,783 |
Aaron Kotler Secretary | OfficerTrustee | $0 | |
Daniel Czermak President | OfficerTrustee | $0 | |
Michael Bauman Director | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,065 |
| Total Program Service Revenue | $0 |
| 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 | $504,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,460 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $391 |
| Fees for services: Accounting | $4,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,998 |
| Office expenses | $3,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,883 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,540 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,284 |
| Insurance | $343 |
| All other expenses | $0 |
| Total functional expenses | $352,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,887 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $211,887 |
| 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 | $211,887 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nj Education And Parnasah Institute has recieved totaling $528,000.
| Awarding Organization | Amount |
|---|---|
Kz Family Foundation New York, NY PURPOSE: UNRESTRICTED | $500,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $28,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |
Cairn University Langhorne, PA | $53,369,669 | $36,996,664 |
International Federation Of Accountants New York, NY | $24,926,636 | $31,445,814 |