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← ABRAMS HEBREW ACADEMY

Form 990 for tax year 2023

Filed by ABRAMS HEBREW ACADEMY.

Totals

Total revenue
$6,852,786
Total expenses
$6,619,279
Contributions and grants received
$1,820,407
Grants paid
$3,359,320
Program service revenue
$5,032,379
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,082,505
Total liabilities, end of year
$1,595,091
Net assets or fund balances, end of year
$1,487,414
Program services expenses (Part IX)
$5,169,969
Management and general expenses
$1,441,706
Fundraising expenses
$7,604
Program service expenses (Part III)
$5,169,969

Program services were 78.1% 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)

    $493,831

  • 1f · All other contributions, gifts and grants

    $1,326,576

  • 2a · Program service revenue: TUITION AND FEES

    total $5,032,379 · related or exempt $5,032,379

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,359,320 · program services $3,359,320

  • 7 · Other salaries and wages

    total $2,387,313 · program services $1,480,134 · management and general $907,179

  • 10 · Payroll taxes

    total $142,237 · program services $88,187 · management and general $54,050

  • 11g · Fees: other

    total $32,811 · management and general $32,811

  • 12 · Advertising and promotion

    total $1,161 · program services $1,161

  • 13 · Office expenses

    total $26,365 · management and general $26,365

  • 16 · Occupancy

    total $93,193 · program services $51,256 · management and general $41,937

  • 20 · Interest

    total $71,631 · management and general $71,631

  • 22 · Depreciation, depletion and amortization

    total $121,503 · management and general $121,503

  • 24a · Other expenses: TRANSPORTATION

    total $101,483 · program services $101,483

  • 24b · Other expenses: SECURITY

    total $94,913 · management and general $94,913

  • 24c · Other expenses: DEPARTMENT EXPENSES

    total $88,428 · program services $88,428

  • 24d · Other expenses: OPERATING COSTS

    total $72,942 · management and general $72,942

  • 24e · All other expenses

    total $25,979 · management and general $18,375 · fundraising $7,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,015,277 · end of year $1,127,323

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,274 · end of year $278,925

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

    $4,625,164

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

    $2,955,332

  • 10c · Land, buildings and equipment, net

    beginning of year $1,789,341 · end of year $1,669,832

  • 14 · Intangible assets

    beginning of year $8,419 · end of year $6,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,163 · end of year $37,196

  • 25 · Other liabilities

    beginning of year $1,595,241 · end of year $1,557,895

  • 27 · Net assets without donor restrictions

    beginning of year $1,155,968 · end of year $1,414,166

  • 28 · Net assets with donor restrictions

    beginning of year $97,939 · end of year $73,248

Mission and programs · 2023

Mission

TO ENCOURAGE AND CHALLENGE OUR STUDENTS TO BECOME DISCIPLINED AND CREATIVE LIFE-LONG LEANERS, EMPOWERING THEM TO FULFILL THEIR HIGHEST EDUCATIONAL GOALS. TO INSTILL IN OUR STUDENTS A PRIDE AND UNDERSTANDING OF THEIR JEWISH HERITAGE COMBINED WITH AN APPRECIATION OF THEIR AMERICAN HERITAGE, PROVIDING THEM THE POTENTIAL TO BECOME FUTER LEADERS AND ACTIVE CITIZENS IN THEIR COMMUNITIES. TO NURTURE A DEDICATION TO ZIONISM AND A COMMITMENT TO THE PERPETUATION OF THE JEWISH PEOPLE, JUDAISM AND THE CENTRALITY OF THE STATE OF ISRAEL TO THE JEWISH PEOPLE.

  • PROVIDING A HEBREW EDUCATION FOR CHILDREN GRADES K THROUGH 8.

  • PROVIDING A HEBREW EDUCATION FOR CHILDREN GRADES K THROUGH 8.

    Expenses $5,169,969 · Grants $3,359,320

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jerome Marcus

    PRESIDENT

    Total calculated
    $0

  • Joe Glassman

    1ST VICE PRE

    Total calculated
    $0

  • Stephen Milstein

    2ND VICE PRE

    Total calculated
    $0

  • Dr Emanuel Zur

    3RD VICE PRE

    Total calculated
    $0

  • Rabbi Ira Budow

    DIRECTOR

    Total calculated
    $0

  • Stuart Caplan

    TREASURER

    Total calculated
    $0

  • Noah Gross

    SECRETARY

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202530449349301408

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