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Nonprofiteer
← MAIMONIDES-SHALOM ACADEMY INC

Form 990 for tax year 2024

Filed by MAIMONIDES-SHALOM ACADEMY INC.

Totals

Total revenue
$17,107,603
Total expenses
$16,661,028
Contributions and grants received
$2,411,518
Grants paid
$118,374
Program service revenue
$14,458,977
Investment income
$237,896
Other revenue
-$788
Total assets, end of year
$35,126,848
Total liabilities, end of year
$14,550,342
Net assets or fund balances, end of year
$20,576,506
Program services expenses (Part IX)
$14,495,914
Management and general expenses
$1,651,682
Fundraising expenses
$513,432
Program service expenses (Part III)
$14,495,914

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $933,204

  • 1f · All other contributions, gifts and grants

    $1,478,314

  • 2a · Program service revenue: TUITION

    total $11,663,080 · related or exempt $11,663,080

  • 2b · Program service revenue: CAMP

    total $770,623 · related or exempt $770,623

  • 2c · Program service revenue: LUNCH

    total $601,158 · related or exempt $601,158

  • 2d · Program service revenue: OTHER

    total $578,564 · related or exempt $578,564

  • 2e · Program service revenue: FAMILY FEE

    total $504,300 · related or exempt $504,300

  • 2f · All other program service revenue

    total $341,252 · related or exempt $341,252

  • 3 · Investment income

    total $237,896 · excluded $237,896

  • 6a · Gross rents

    real property $7,400

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,400

  • 6d · Net rental income or loss

    total $7,400 · excluded $7,400

  • 8a · Fundraising events: gross income

    $70,383

  • 8b · Fundraising events: direct expenses

    $78,571

  • 8c · Net income from fundraising events

    total -$8,188 · excluded -$8,188

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $118,374 · program services $118,374

  • 5 · Compensation of officers, directors and key employees

    total $1,027,413 · program services $390,417 · management and general $390,417 · fundraising $246,579

  • 7 · Other salaries and wages

    total $7,672,113 · program services $7,006,713 · management and general $642,534 · fundraising $22,866

  • 8 · Pension plan contributions

    total $126,696 · program services $109,102 · management and general $13,775 · fundraising $3,819

  • 9 · Other employee benefits

    total $275,740 · program services $275,740

  • 10 · Payroll taxes

    total $572,870 · program services $486,940 · management and general $65,880 · fundraising $20,050

  • 11b · Fees: legal

    total $10,443 · program services $7,832 · management and general $1,045 · fundraising $1,566

  • 11g · Fees: other

    total $28,370 · program services $21,278 · management and general $2,835 · fundraising $4,257

  • 12 · Advertising and promotion

    total $19,680 · program services $16,728 · management and general $2,952

  • 13 · Office expenses

    total $606,553 · program services $512,537 · management and general $66,721 · fundraising $27,295

  • 16 · Occupancy

    total $244,108 · program services $212,374 · management and general $26,852 · fundraising $4,882

  • 20 · Interest

    total $344,128 · program services $295,950 · management and general $48,178

  • 22 · Depreciation, depletion and amortization

    total $855,928 · program services $770,335 · management and general $85,593

  • 23 · Insurance

    total $166,177 · program services $141,250 · management and general $24,927

  • 24a · Other expenses: EDUCATION SUPPLIES

    total $1,451,241 · program services $1,451,241

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,118,914 · program services $1,007,023 · management and general $111,891

  • 24c · Other expenses: SECURITY

    total $729,205 · program services $619,824 · management and general $92,974 · fundraising $16,407

  • 24d · Other expenses: FOOD

    total $664,199 · program services $597,779 · management and general $53,136 · fundraising $13,284

  • 24e · All other expenses

    total $628,876 · program services $454,477 · management and general $21,972 · fundraising $152,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,455,775 · end of year $1,059,095

  • 2 · Savings and temporary cash investments

    beginning of year $299,524 · end of year $299,524

  • 3 · Pledges and grants receivable

    beginning of year $148,247 · end of year $43,976

  • 4 · Accounts receivable

    beginning of year $263,119 · end of year $619,591

  • 9 · Prepaid expenses and deferred charges

    beginning of year $187,445 · end of year $214,106

  • 10a · Land, buildings and equipment: cost or other basis

    $32,875,062

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,569,433

  • 10c · Land, buildings and equipment, net

    beginning of year $27,507,159 · end of year $27,305,629

  • 12 · Investments: other securities

    beginning of year $6,042,079 · end of year $5,522,166

  • 15 · Other assets

    beginning of year $59,294 · end of year $62,761

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,503,136 · end of year $1,224,352

  • 19 · Deferred revenue

    beginning of year $2,340,960 · end of year $2,794,288

  • 23 · Secured mortgages and notes payable

    beginning of year $10,988,615 · end of year $10,531,702

  • 27 · Net assets without donor restrictions

    beginning of year $20,056,684 · end of year $20,532,530

  • 28 · Net assets with donor restrictions

    beginning of year $73,247 · end of year $43,976

Mission and programs · 2024

Mission

THE LEON AND LEONA BRAUSER MAIMONIDES ACADEMY (BMA) IS A MODERN ORTHODOX ZIONISTIC JEWISH DAY SCHOOL COMMITTED TO ACADEMIC EXCELLENCE IN BOTH JUDAIC AND GENERAL STUDIES, WHILE MAINTAINING A WARM, NURTURING, LEARNING ENVIRONMENT IN WHICH OUR STUDENTS THRIVE INTELLECTUALLY, SOCIALLY AND SPIRITUALLY. BMA STRIVES TO EMPOWER OUR STUDENTS WITH THE KNOWLEDGE AND SKILLS NECESSARY TO SUCCEED TO THEIR FULL POTENTIAL. THE SCHOOL SEEKS TO INSTILL WITHIN EACH CHILD A LIFELONG LOVE OF TORAH WITH ADHERENCE TO HALACHA; LOVE AND RESPECT FOR KLAL YISRAEL AND MEDINAT YISRAEL; COMMITMENT TO MITZVOT; DEVELOPMENT OF POSITIVE MIDDOT, AND PROFICIENCY IN MODERN HEBREW. THE UNIQUENESS OF A BMA EDUCATION IS ITS CHILD-CENTERED APPROACH, WHICH FOCUSES ON EACH STUDENT'S INDIVIDUAL CHARACTER AND PERSONALITY. THE CULTIVATION OF RESPONSIBILITY, DISCIPLINE, SELF-ESTEEM, CONFIDENCE AND GENUINE LOVE AND RESPECT FOR ALL PEOPLE IS THE HALLMARK OF OUR EDUCATION.

Activities or mission (Part I)

THE LEON AND LEONA BRAUSER MAIMONIDES ACADEMY IS A MODERN ORTHODOX JEWISH DAY SCHOOL COMMITTED TO ACADEMIC EXCELLENCE IN BOTH JUDAIC AND GENERAL STUDIES.

  • RENDERED TEACHING AND SCHOOLING OF CHILDREN IN RELIGIOUS INSTRUCTIONS.

    Expenses $14,495,914 · Grants $118,374 · Revenue $14,458,977

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Kaweblum

    PRESIDENT AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Miriam Ungar

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Avivit Ben-Aharon

    SECRETARY AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Gabi Gliksberg

    TREASURER AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Mitchell Balsam

    DIRECTOR AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Lisa Baratz Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Shira Baratz

    DIRECTOR AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Esti Bareli

    DIRECTOR AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Liz Brauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Aviva Distenfeld

    DIRECTOR AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Brian Farbman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Vera Hirsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Max Klein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Avi Kuzniecky

    DIRECTOR AS OF 07/24

    Total calculated
    $0
    Hours/week
    2
  • Shimmy Lazar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joseph Schwartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steven Zombek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rabbi Jonah Fein

    HEAD OF SCHOOL

    Total calculated
    $478,914
    From this org
    $253,039
    From related orgs
    $0
    Other
    $225,875
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $253,039
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $224,875
    Filer's total
    $478,914
  • Michelle Moses

    CFO

    Total calculated
    $220,713
    From this org
    $176,673
    From related orgs
    $0
    Other
    $44,040
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $176,673
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $43,040
    Filer's total
    $220,713
  • Elimelech Hagler

    EXECUTIVE DIRECTOR

    Total calculated
    $249,780
    From this org
    $150,340
    From related orgs
    $0
    Other
    $99,440
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,340
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $98,440
    Filer's total
    $249,780
  • Elizabeth Fishel

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $164,011
    From this org
    $122,625
    From related orgs
    $0
    Other
    $41,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,625
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $40,386
    Filer's total
    $164,011
  • Danielle Rothenberg

    MIDDLE SCHOOL PRINCIPAL

    Total calculated
    $185,532
    From this org
    $137,979
    From related orgs
    $0
    Other
    $47,553
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $137,979
    Bonus
    $0
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $46,553
    Filer's total
    $185,532

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PARSONAGE BENEFIT OF $90,000 WAS PROVIDED TO THE HEAD OF THE SCHOOL, WHICH IS REFLECTED ON PART II, LINE 1(D).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2026
IRS schema version
2024v5.5
Source object
202611149349300241

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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