Greater Miami Hebrew Academy
- Assets
- $27.6m
- Revenue
- $24.7m
- Investments
- $0.0
- Employees
- 195
- Location
- Miami Beach, FL
- Founding
- 07/1951
- Data as of
- 06/2022
- EIN
- 59-0651086
Organization Overview
Greater Miami Hebrew Academy is located in Miami Beach, FL. The organization was established in 1951. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Greater Miami Hebrew Academy employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Miami Hebrew Academy 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 06/2022, Greater Miami Hebrew Academy generated $24.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 3.6% 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
TO PROVIDE QUALITY EDUCATION TO ALL JEWISH CHILDREN IN BOTH THE SECULAR AND JUDAIC AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY EDUCATION TO OVER 500 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Guttenberg Head Of School | 40 | $135,966 | |
Debra Hamburg Elementary Principal | 40 | $115,689 | |
Rabbi Avi Bossewitch Dean Of Academic Aff | 40 | $42,662 | |
Robert Danial Financial Secretary | OfficerTrustee | 5 | $0 |
Evelyn Katz Chairman Of The Board | OfficerTrustee | 5 | $0 |
Shmuel Katz MD Senior Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joba Technologies It Services | 6/29/22 | $180,000 |
Avi Contractors Inc Building Contractor | 6/29/22 | $5,803,386 |
Advance Pro Security Security | 6/29/22 | $182,097 |
Kesher Ld Inc Educational Consulta | 6/29/22 | $55,632 |
A M Control Systems Building Contractor | 6/29/22 | $194,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,533,730 |
| Membership dues | $0 |
| Fundraising events | $782,024 |
| Related organizations | $0 |
| Government grants | $101,776 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,305,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,723,165 |
| Total Program Service Revenue | $15,896,623 |
| Investment income | $4,857 |
| 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 | $24,717,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,459,696 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,299 |
| Compensation of current officers, directors, key employees. | $58,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,868,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $368,987 |
| Payroll taxes | $90,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,996 |
| Fees for services: Accounting | $53,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,036 |
| Advertising and promotion | $25,517 |
| Office expenses | $135,753 |
| Information technology | $76,514 |
| Royalties | $0 |
| Occupancy | $676,186 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,447 |
| Insurance | $462,496 |
| All other expenses | $36,740 |
| Total functional expenses | $15,288,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,032,448 |
| Savings and temporary cash investments | $5,260,570 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,637 |
| 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 | $5,729,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,409,927 |
| Total assets | $27,595,834 |
| Accounts payable and accrued expenses | $430,648 |
| 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 | $1,168,990 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,599,638 |
| Net assets without donor restrictions | $25,541,671 |
| Net assets with donor restrictions | $454,525 |
| 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 | $27,595,834 |