Foundation For The Preservation & Perpetuation Of Torah Laws & Custo
- Assets
- $1.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Baltimore, MD
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 52-1046825
Organization Overview
Foundation For The Preservation & Perpetuation Of Torah Laws & Custo is located in Baltimore, MD. The organization was established in 1974. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Foundation For The Preservation & Perpetuation Of Torah Laws & Custo employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Preservation & Perpetuation Of Torah Laws & Custo 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 12/2021, Foundation For The Preservation & Perpetuation Of Torah Laws & Custo generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $10.2m during the year ending 12/2021. While expenses have increased by 12.3% 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.
Since 2017, Foundation For The Preservation & Perpetuation Of Torah Laws & Custo has awarded 112 individual grants totaling $2,461,903. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPERVISION AND PROCESSING OF "CHOLOV YISROEL" PRDUCTS AND DELIVEY TO DISTRIBUTING ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPERVISION AND PROCESSING OF "CHOLOV YISROEL" PRDUCTS AND DELIVERY TO DISTRIBUTING ORGANIZATIONS. GRANTS ARE MADE TO OTHER EXEMPT ORGANIZATIONS WHOSE AIM IS THE FURTHERANCE OF THE ORGANIZATION'S EXEMPT FUNCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chaya Shalvah Shafran Vice President | OfficerTrustee | 0 | $25,500 |
Aaron Tendler Vice President | OfficerTrustee | 0 | $0 |
Shmuel Tendler Chairman | Trustee | 0 | $0 |
Elisheva Hauptman Secretary | Trustee | 0 | $0 |
Hillel Goldman Trustee | Trustee | 0 | $0 |
Ruth Steinhardt Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,854,815 |
| Investment income | $20,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$273 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,874,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $776,719 |
| 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. | $25,500 |
| Compensation of current officers, directors, key employees. | $25,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,661 |
| 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 | $15,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,275 |
| Travel | $2,284 |
| 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 | $12,845 |
| Insurance | $1,889 |
| All other expenses | $38,765 |
| Total functional expenses | $10,155,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,364,423 |
| Savings and temporary cash investments | $9,181 |
| 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 | $81,216 |
| Investments—publicly traded securities | $194,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,946 |
| Total assets | $1,651,500 |
| 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 | $1,600 |
| Total liabilities | $1,600 |
| Net assets without donor restrictions | $0 |
| 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 | $1,649,900 |
| Total liabilities and net assets/fund balances | $1,651,500 |
Grants Awarded
Over the last fiscal year, Foundation For The Preservation & Perpetuation Of Torah Laws & Custo has awarded $616,008 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, NJ PURPOSE: General Support | $104,000 |
Baltimore, MD PURPOSE: General Support | $55,600 |
Monsey, NY PURPOSE: General Support | $51,500 |
Baltimore, MD PURPOSE: General Support | $33,950 |
Far Rockaway, NY PURPOSE: General Support | $30,000 |
Los Angeles, CA PURPOSE: General Support | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Melvin J Berman Hebrew Academy Rockville, MD | $21,700,118 | $19,042,162 |
Star K Certification Inc Baltimore, MD | $13,119,889 | $14,968,391 |
Foundation For The Preservation & Perpetuation Of Torah Laws & Custo Baltimore, MD | $1,651,500 | $10,874,749 |
Momentum Unlimited Inc Rockville, MD | $5,766,126 | $8,748,031 |
Camp Morasha Inc Lakewood, PA | $14,774,657 | $11,987,429 |
Abrams Hebrew Academy Yardley, PA | $3,322,316 | $5,470,674 |
Rabbi Chaim Nachman Kowalsky Memorial Ahavas Yisrael Fund Inc Baltimore, MD | $5,482,987 | $4,042,521 |
Talmudical Yeshiva Of Philadelphia Philadelphia, PA | $20,319,303 | $5,074,262 |
Pearlstone Conference & Retreat Center Inc Reistertown, MD | $8,808,183 | $5,120,827 |
Sixth & I Synagogue Inc Washington, DC | $16,737,511 | $5,654,851 |
Moving Traditions Elkins Park, PA | $3,152,130 | $3,463,085 |
Center For Jewish Education Inc Baltimore, MD | $4,639,954 | $1,554,861 |