Denver Academy Of Torah
- Assets
- $4.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 56
- Location
- Denver, CO
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 84-1187080
Organization Overview
Denver Academy Of Torah is located in Denver, CO. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Denver Academy Of Torah employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Academy Of Torah 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, Denver Academy Of Torah generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $4.6m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 4 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
DENVER ACADEMY OF TORAH (THE "SCHOOL")PROVIDES EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL. THE SCHOOL'S MISSION IS TO NUTURE STUDENTS TO BE TORAH-OBSERVANT ROLE MODELS AND FUTURE LEADERS THROUGH AN INTELLECTUALLY RIGOROUS AND INNOVATIVE EDUCATION IMBUED WITH A LOVE OF ISRAEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORTHODOX JEWISH DAY SCHOOL THAT PROVIDES A COMPLETE JUDAIC AND SECULAR CURRICULUM FOR STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Stroll Head Of Scho | Officer | 40 | $130,943 |
David Andorsky VP Finance | OfficerTrustee | 1 | $0 |
Michele Askenazi Secretary | OfficerTrustee | 1 | $0 |
Marc Avner Board Member | Trustee | 1 | $0 |
Joseph Friedman Board Member | Trustee | 1 | $0 |
Sarah Leah Golombek VP Of Develo | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $346,454 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,111,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,457,644 |
| Total Program Service Revenue | $3,601,440 |
| Investment income | $14,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,069,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,341,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,943 |
| Compensation of current officers, directors, key employees. | $43,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,991,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $261,276 |
| Payroll taxes | $153,784 |
| 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 | $100,866 |
| Advertising and promotion | $8,502 |
| Office expenses | $13,842 |
| Information technology | $31,851 |
| Royalties | $0 |
| Occupancy | $120,361 |
| 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 | $88,589 |
| Insurance | $31,690 |
| All other expenses | $31,549 |
| Total functional expenses | $4,602,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,008 |
| Savings and temporary cash investments | $1,121,837 |
| Pledges and grants receivable | $57,175 |
| Accounts receivable, net | $157,804 |
| 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 | $27,890 |
| Net Land, buildings, and equipment | $1,395,181 |
| Investments—publicly traded securities | $1,154,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $4,399,160 |
| Accounts payable and accrued expenses | $40,665 |
| Grants payable | $0 |
| Deferred revenue | $38,953 |
| 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 | $79,618 |
| Net assets without donor restrictions | $3,224,067 |
| Net assets with donor restrictions | $1,095,475 |
| 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 | $4,399,160 |