Tomchei Tzedaka Corp
- Assets
- $297.3k
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-4838703
Organization Overview
Tomchei Tzedaka Corp, operating under the name World Of Tzedaka, is located in Lakewood, NJ. The organization was established in 2017. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Of Tzedaka 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, World Of Tzedaka generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 41.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FINANCIAL ASSISTANCE TO NEEDY FAMILIES ON A GLOBAL LEVEL WHICH MEET THE SPECIFIED QUALIFICATIONS REQUIRED BY ORGANIZATION'S BYLAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL ASSISTANCE TO NEEDY FAMILIES ON A GLOBAL LEVEL WHICH MEET THE SPECIFIED QUALIFICATIONS REQUIRED BY ORGANIZATION'S BYLAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yehuda Chamilevski Trustee | Trustee | 1 | $0 |
Jason Cohen Trustee | Trustee | 10 | $0 |
Yakov Domb Trustee | Trustee | 10 | $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 | $8,383,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,383,399 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $8,383,403 |
| 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 | $7,511,117 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $80 |
| Advertising and promotion | $644,989 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,324 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $60,666 |
| Total functional expenses | $8,218,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,334 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $297,334 |
| 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 | $116,098 |
| Total liabilities | $116,098 |
| Net assets without donor restrictions | $181,236 |
| 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 | $297,334 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tomchei Tzedaka Corp has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Barber Family Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $18 |
Barber Family Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $18 |
Barber Family Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $18 |
Barber Family Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $18 |
Barber Family Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $18 |
Myb Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |
Keren Hashviis Inc Lakewood, NJ | $9,961,423 | $20,140,768 |
Yeshiva Har Torah Little Neck, NY | $25,134,621 | $10,742,196 |