Idea School Inc
- Assets
- $40.0k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Tenafly, NJ
- Founding
- 03/2019
- Data as of
- 07/2023
- EIN
- 82-3411247
Organization Overview
Idea School Inc is located in Tenafly, NJ. The organization was established in 2019. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 07/2023, Idea School Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idea School Inc 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, Idea School Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.9m during the year ending 07/2023. While expenses have increased by 10.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS WITH THE ABILITIES TO:NURTURE A RELATIONSHIP WITH HASHEM AND LIVE A RICH MORAL LIFE;ENGAGE WITH THE WORLD THROUGH THE PRISM OF THE TORAH;BE PASSIONATE AND CURIOUS LEARNERS;UNDERSTAND HOW THEY CAN UNIQUELY CONTRIBUTE TO THE WORLD;RECOGNIZE LEARNING AS A JOYFUL, LIFELONG PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A HIGH SCHOOL EDUCATION WITH A FOCUS ON CREATING A RELATIONSHIP WITH HASHEM. OUR GOAL IS TO INSPIRE OUR STUDENTS TO LIVE A RICH MORAL LIFE, TO ENGAGE THE WORLD THROUGH THE PRISM OF THE TORAH, TO BE PASSIONATE AND CURIOUS LEARNERS, TO RECOGNIZE LEARNING AS A JOYFUL, LIFELONG PROCESS, AND TO GAIN AN UNDERSTANDING OF HOW THEY CAN UNIQUELY CONTRIBUTE TO THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raz Haramati President | OfficerTrustee | 2 | $0 |
Isaac Glasman Vice President | OfficerTrustee | 2 | $0 |
Richard Langer Secretary | OfficerTrustee | 2 | $0 |
Lisa Farkovits Treasurer | OfficerTrustee | 2 | $0 |
Tikvah Weiner Head Of School | 40 | $158,411 | |
Tamara Solomon School Administrator | 40 | $139,750 |
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 | $867,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $867,342 |
| Total Program Service Revenue | $969,208 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,131 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,846,681 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,285,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $230,259 |
| Payroll taxes | $117,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,760 |
| Fees for services: Accounting | $16,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,511 |
| Advertising and promotion | $22,273 |
| Office expenses | $26,982 |
| Information technology | $5,849 |
| Royalties | $0 |
| Occupancy | $26,750 |
| Travel | $827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,205 |
| Interest | $3,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,281 |
| Insurance | $43,174 |
| All other expenses | $0 |
| Total functional expenses | $1,853,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,284 |
| 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 | $14,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,965 |
| Accounts payable and accrued expenses | $8,299 |
| 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 | $0 |
| Total liabilities | $8,299 |
| Net assets without donor restrictions | $31,666 |
| 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 | $39,965 |