Akiva School
- Assets
- $5.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Nashville, TN
- Founding
- 09/1971
- Data as of
- 06/2023
- EIN
- 62-0694534
Organization Overview
Akiva School is located in Nashville, TN. The organization was established in 1971. 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 06/2023, Akiva School employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akiva School 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 06/2023, Akiva School generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 4.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE JEWISH DAY SCHOOL WHICH PROVIDES ACADEMIC AND JUDAIC STUDIES FOR K-6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AKIVA SCHOOL IS A PRIVATE JEWISH DAY SCHOOL WHICH PROVIDES ACADEMIC AND JUDAIC STUDIES FOR KINDERGARTEN THROUGH 6TH GRADE STUDENTS. 104 STUDENTS WERE ENROLLED DURING THE 2022-2023 SCHOOL YEAR, OF WHICH 54 RECEIVED FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniella Pressner Head Of School | Officer | 40 | $154,802 |
Becky Gunn Jewish Federation's CFO | Officer | 8 | $0 |
Larry Hyatt President (ends 6/30/23) | OfficerTrustee | 5 | $0 |
Saul Solomon Vice President (president 7/1/2023) | OfficerTrustee | 2 | $0 |
Ellen Levitt Secretary | OfficerTrustee | 4 | $0 |
Didi Biesman Treasurer | OfficerTrustee | 4 | $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 | $1,179,291 |
| Noncash contributions included in lines 1a–1f | $3,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,179,291 |
| Total Program Service Revenue | $1,602,656 |
| Investment income | $135,270 |
| 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 | $2,917,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $345,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,077 |
| Compensation of current officers, directors, key employees. | $54,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,138,068 |
| Pension plan accruals and contributions | $20,568 |
| Other employee benefits | $117,842 |
| Payroll taxes | $98,828 |
| Fees for services: Management | $81,379 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,366 |
| Fees for services: Other | $124,709 |
| Advertising and promotion | $0 |
| Office expenses | $57,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,109 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,689 |
| Insurance | $25,002 |
| All other expenses | $9,308 |
| Total functional expenses | $2,632,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $146,369 |
| Accounts receivable, net | $5,782 |
| 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 | $29,548 |
| Net Land, buildings, and equipment | $1,157,172 |
| Investments—publicly traded securities | $2,110,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $745,000 |
| Total assets | $5,038,224 |
| Accounts payable and accrued expenses | $43,028 |
| Grants payable | $0 |
| Deferred revenue | $766,059 |
| 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 | $19,567 |
| Other liabilities | $85,000 |
| Total liabilities | $913,654 |
| Net assets without donor restrictions | $2,320,818 |
| Net assets with donor restrictions | $1,803,752 |
| 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 | $5,038,224 |
Grants Awarded
Over the last fiscal year, Akiva School has awarded $18,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY CENTER OF NASHVILLE PURPOSE: SCHOLARS | $10,000 |
PRIZMAH CENTER FOR JEWISH DAY SCHOOLS INC PURPOSE: SCHOLARS | $8,250 |