Heichal Hatorah
- Assets
- $9.7m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 61
- Location
- Teaneck, NJ
- Founding
- 12/2013
- Data as of
- 07/2021
- EIN
- 46-1470485
Organization Overview
Heichal Hatorah is located in Teaneck, NJ. The organization was established in 2013. 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 07/2021, Heichal Hatorah employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heichal Hatorah 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 07/2021, Heichal Hatorah generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $5.1m during the year ending 07/2021. While expenses have increased by 16.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIGIOUS AND SECULAR EDUCATION FOR HIGH SCHOOL BOYS
Describe the Organization's Program Activity:
RELIGIOUS AND SECULAR EDUCATION FOR HIGH SCHOOL AGED BOYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bezalel A Stechler Head Of Scho | Officer | 50 | $151,139 |
Yisrael Epstein Teacher | 40 | $131,617 | |
Maccabee Avishur Teacher | 40 | $122,371 | |
David Komet Teacher | 40 | $115,430 | |
Ariel Klein Teacher | 40 | $105,667 | |
Avrom Forman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $702,315 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $442,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,144,455 |
| Total Program Service Revenue | $4,670,353 |
| 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 | $28,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,865,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $953,849 |
| 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 | $1,894,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $357,519 |
| Payroll taxes | $101,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $65,029 |
| Office expenses | $101,004 |
| Information technology | $14,819 |
| Royalties | $0 |
| Occupancy | $179,055 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,719 |
| Insurance | $68,189 |
| All other expenses | $12,118 |
| Total functional expenses | $5,058,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $941,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $326,380 |
| Accounts receivable, net | $71,778 |
| 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 | $1,170 |
| Net Land, buildings, and equipment | $7,826,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $517,569 |
| Total assets | $9,684,505 |
| Accounts payable and accrued expenses | $548,839 |
| Grants payable | $0 |
| Deferred revenue | $765,856 |
| 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 | $7,626,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,080 |
| Total liabilities | $8,974,055 |
| Net assets without donor restrictions | $344,163 |
| Net assets with donor restrictions | $366,287 |
| 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 | $9,684,505 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Heichal Hatorah has recieved totaling $174,889.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $87,854 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $30,000 |
Jeannette & H Peter Kriendler Charitable Trust New York, NY PURPOSE: ORGANIZATION'S GENERAL | $20,000 |
Albert And Yetta Lupin Memorial Foundation Spring Valley, NY PURPOSE: TO PROVIDE FUNDING FOR A NEW DORMITORY BUILDING. | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,565 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |