Hebrew Language Academy Charter School 2
- Assets
- $3.6m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 67
- Location
- Brooklyn, NY
- Founding
- 02/2017
- Data as of
- 06/2022
- EIN
- 81-4669534
Organization Overview
Hebrew Language Academy Charter School 2 is located in Brooklyn, NY. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hebrew Language Academy Charter School 2 employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Language Academy Charter School 2 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, Hebrew Language Academy Charter School 2 generated $8.1m in total revenue. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 117.1% per year over the past 6 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
HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2 (HLA2) PROVIDES ITS STUDENTS WITH THE ACADEMIC AND PERSONAL FOUNDATION NECESSARY TO SUCCESSFULLY PURSUE ADVANCED STUDIES AND ACHIEVE CONTINUED PERSONAL GROWTH AS ETHICAL AND INFORMED GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2 (HLA2) IS AN EDUCATIONAL CORPORATION THAT OPERATES AS A CHARTER SCHOOL IN THE BOROUGH OF BROOKLYN, NEW YORK. AT HLA2, STUDENTS WILL ACHIEVE A SOPHISTICATED KNOWLEDGE OF ENGLISH LANGUAGE ARTS, MATHEMATICS, THE SCIENCES, AND SOCIAL STUDIES. THIS RICH AND INNOVATIVE CURRICULUM WILL BE ENHANCED BY ART, MUSIC, TECHNOLOGY AND PHYSICAL EDUCATION, ALL OF WHICH WILL INCORPORATE HEBREW LANGUAGE INSTRUCTION, USING A PARTIAL IMMERSION PROFICIENCY MODEL. STUDENTS AT HLA2 DEVELOP A STRONG SENSE OF SOCIAL AND CIVIC RESPONSIBILITY THROUGH THE INTEGRATION OF COMMUNITY SERVICE AND SERVICE LEARNING INTO THEIR CLASSROOM STUDIES. OUR STUDENTS WILL GRADUATE WITH A SOLID FOUNDATION FOR FURTHER ACADEMIC LEARNING AND CONTINUOUS PERSONAL DEVELOPMENT AS ETHICAL CITIZENS IN AN INCREASINGLY GLOBAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam S Miller Chair | OfficerTrustee | 5 | $0 |
Susan Fox Treasurer | OfficerTrustee | 5 | $0 |
Stella Binkevich Trustee | Trustee | 3 | $0 |
Mike Tobman Vice Chair | OfficerTrustee | 5 | $0 |
Ella Zalkind Trustee | Trustee | 3 | $0 |
Alice Li Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hebrew Public Rent | 6/29/22 | $1,275,000 |
Hebrew Public Charter Managment Organization | 6/29/22 | $557,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,240,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $151 |
| Noncash contributions included in lines 1a–1f | $23,699 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,240,696 |
| Total Program Service Revenue | $6,845,179 |
| Investment income | $0 |
| 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 | $8,085,875 |
| 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. | $155,744 |
| Compensation of current officers, directors, key employees. | $38,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,230,015 |
| Pension plan accruals and contributions | $33,035 |
| Other employee benefits | $565,603 |
| Payroll taxes | $282,499 |
| Fees for services: Management | $557,244 |
| Fees for services: Legal | $5,792 |
| Fees for services: Accounting | $113,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $272,613 |
| Advertising and promotion | $49,961 |
| Office expenses | $33,739 |
| Information technology | $3,037 |
| Royalties | $0 |
| Occupancy | $1,093,482 |
| Travel | $0 |
| 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 | $97,492 |
| Insurance | $75,206 |
| All other expenses | $77,419 |
| Total functional expenses | $7,326,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,477,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $497,456 |
| 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 | $121,738 |
| Net Land, buildings, and equipment | $292,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,292 |
| Total assets | $3,616,695 |
| Accounts payable and accrued expenses | $447,871 |
| 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 | $377,223 |
| Total liabilities | $825,094 |
| Net assets without donor restrictions | $2,791,601 |
| 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 | $3,616,695 |