Nachlas Bais Yaakov Inc
- Assets
- $10.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 138
- Location
- Lakewood, NJ
- Founding
- 04/2015
- Data as of
- 08/2022
- EIN
- 47-2358441
Organization Overview
Nachlas Bais Yaakov Inc is located in Lakewood, NJ. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2022, Nachlas Bais Yaakov Inc employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nachlas Bais Yaakov 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 08/2022, Nachlas Bais Yaakov Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $4.1m during the year ending 08/2022. While expenses have increased by 39.0% 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
PROVIDING JEWISH AND SECULAR EDUCATION FOR ELEMENTARY AGED SCHOOL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING JEWISH AND SECULAR EDUCATION FOR ELEMENTARY AGED SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Robinson Trustee | Trustee | 35 | $70,000 |
Simcha B Londinski Trustee | Trustee | 1 | $0 |
Daniel Septon Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $458,549 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,001,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,459,792 |
| Total Program Service Revenue | $2,456,948 |
| Investment income | $73 |
| 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 | $4,916,813 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,931,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $220,800 |
| Payroll taxes | $202,410 |
| 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 | $0 |
| Office expenses | $180,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,703 |
| Travel | $43,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,447 |
| Insurance | $48,022 |
| All other expenses | $273,952 |
| Total functional expenses | $4,134,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,368,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,963,787 |
| Accounts receivable, net | $160,075 |
| 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 | $2,653,761 |
| Investments—publicly traded securities | $104,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,655 |
| Other assets | $4,379,531 |
| Total assets | $10,644,430 |
| Accounts payable and accrued expenses | $119,436 |
| 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 | $142,128 |
| Secured mortgages and notes payable | $1,550,670 |
| Unsecured mortgages and notes payable | $902,000 |
| Other liabilities | $2,180,063 |
| Total liabilities | $4,894,297 |
| Net assets without donor restrictions | $5,750,133 |
| 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 | $10,644,430 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Nachlas Bais Yaakov Inc has recieved totaling $72,057.
| Awarding Organization | Amount |
|---|---|
The@jonathan & Esther B Rosenberg Foundation Edison, NJ PURPOSE: CHARITABLE | $30,000 |
Ahavas Avraham Foundation Detroit, MI PURPOSE: EDUCATIONAL SCHOLARSHIP | $10,000 |
Rabbi Joshua Heschel Foundation Inc Lakewood, NJ PURPOSE: SUPPORT | $6,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,550 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $5,510 |
Weg Foundation Inc Monsey, NY PURPOSE: CHARITABLE | $5,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |