Bnai Shalom Synagogue
- Assets
- $5.4m
- Revenue
- $2.8m
- Investments
- $3.6m
- Employees
- 97
- Location
- Greensboro, NC
- Founding
- 06/1971
- Data as of
- 07/2023
- EIN
- 56-0952340
Organization Overview
Bnai Shalom Synagogue is located in Greensboro, NC. The organization was established in 1971. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 07/2023, Bnai Shalom Synagogue employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bnai Shalom Synagogue 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 07/2023, Bnai Shalom Synagogue generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.1m during the year ending 07/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
B'NAI SHALOM SYNAGOGUE, INC. WAS CREATED TO OPERATE A SYNAGOGUE FOR THE CONDUCT OF WORSHIP SERVICES AND FOR THE FURTHERANCE OF EDUCATIONAL ACTIVITIES AND OTHER PURSUITS IN THE JEWISH TRADITION. THE ORGANIZATION WAS ALSO ESTABLISHED TO OPERATE A BI-CULTURAL DAY SCHOOL FOR THE CHILDREN OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PRIVATE JEWISH DAY SCHOOL PROVIDING SECULAR AND RELIGIOUS EDUCATION IN A FULL DAY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Strasser President | OfficerTrustee | 5 | $0 |
Peggy Bernstein Vice President | OfficerTrustee | 1 | $0 |
Linda Hale Vice President | OfficerTrustee | 1 | $0 |
Steven Woolf Treasurer | OfficerTrustee | 10 | $0 |
Linda Shapiro Recording Secretary | OfficerTrustee | 2 | $0 |
Brian Ross Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $218,000 |
| Membership dues | $0 |
| Fundraising events | $14,904 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,526 |
| Noncash contributions included in lines 1a–1f | $14,904 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $692,430 |
| Total Program Service Revenue | $2,001,600 |
| Investment income | $75,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,669 |
| Net Income from Fundraising Events | $18,539 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,815,886 |
| 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. | $216,425 |
| Compensation of current officers, directors, key employees. | $26,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,747,671 |
| Pension plan accruals and contributions | $46,324 |
| Other employee benefits | $124,207 |
| Payroll taxes | $171,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,688 |
| Fees for services: Accounting | $16,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,083 |
| Fees for services: Other | $12,650 |
| Advertising and promotion | $20,567 |
| Office expenses | $26,501 |
| Information technology | $45,213 |
| Royalties | $0 |
| Occupancy | $152,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,263 |
| Insurance | $0 |
| All other expenses | $16,478 |
| Total functional expenses | $3,142,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $980,429 |
| Pledges and grants receivable | $436,786 |
| Accounts receivable, net | $16,238 |
| 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 | $47,010 |
| Net Land, buildings, and equipment | $298,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,602,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,156 |
| Total assets | $5,383,150 |
| Accounts payable and accrued expenses | $150,962 |
| Grants payable | $0 |
| Deferred revenue | $269,579 |
| 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 | $59,691 |
| Total liabilities | $480,232 |
| Net assets without donor restrictions | $1,399,590 |
| Net assets with donor restrictions | $3,503,328 |
| 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 | $5,383,150 |