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← TALMUDICAL ACADEMY OF NORFOLK INC

Form 990 for tax year 2023

Filed by TALMUDICAL ACADEMY OF NORFOLK INC.

Totals

Total revenue
$605,153
Total expenses
$799,085
Contributions and grants received
$469,811
Grants paid
$0
Program service revenue
$72,476
Investment income
$3,666
Other revenue
$59,200
Total assets, end of year
$1,669,171
Total liabilities, end of year
$898
Net assets or fund balances, end of year
$1,668,273
Program services expenses (Part IX)
$722,965
Management and general expenses
$76,120
Fundraising expenses
$0
Program service expenses (Part III)
$722,965

Program services were 90.5% 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.

  • 1f · All other contributions, gifts and grants

    $469,811

  • 2a · Program service revenue: TUITION OTHER

    total $71,199 · related or exempt $71,199

  • 2b · Program service revenue: MILK REIMBURSEMENT

    total $1,277 · related or exempt $1,277

  • 3 · Investment income

    total $3,666 · excluded $3,666

  • 8a · Fundraising events: gross income

    $59,200

  • 8c · Net income from fundraising events

    total $59,200

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,000 · program services $126,000

  • 7 · Other salaries and wages

    total $288,566 · program services $288,566

  • 9 · Other employee benefits

    total $49,713 · program services $49,713

  • 10 · Payroll taxes

    total $33,995 · program services $32,261 · management and general $1,734

  • 11c · Fees: accounting

    total $20,749 · management and general $20,749

  • 13 · Office expenses

    total $8,727 · program services $486 · management and general $8,241

  • 16 · Occupancy

    total $77,399 · program services $45,923 · management and general $31,476

  • 17 · Travel

    total $8,767 · program services $8,767

  • 22 · Depreciation, depletion and amortization

    total $62,546 · program services $62,546

  • 23 · Insurance

    total $23,337 · program services $23,337

  • 24a · Other expenses: FOOD COSTS

    total $51,386 · program services $51,386

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $12,413 · program services $12,413

  • 24c · Other expenses: CONTRACT LABOR

    total $9,425 · program services $9,425

  • 24d · Other expenses: BANK CHARGES

    total $8,169 · management and general $8,169

  • 24e · All other expenses

    total $17,893 · program services $12,142 · management and general $5,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,137 · end of year $69,683

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

    $2,481,955

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

    $882,467

  • 10c · Land, buildings and equipment, net

    beginning of year $1,659,644 · end of year $1,599,488

  • 14 · Intangible assets

    beginning of year $2,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $966 · end of year $898

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,862,205 · end of year $1,668,273

Mission and programs · 2023

Mission

THE SCHOOL WAS FOUNDED FOR ESTABLISHING A HIGH SCHOOL IN THE SOUTH HAMPTON ROADS AREA OF VIRGINIA

  • TALMUDICAL ACADEMY PROVIDES JEWISH TEACHINGS AND ACADEMIC STUDIES AT THE HIGH SCHOOL LEVEL. CURRENTLY, THE SCHOOL HAS 17 FULL TIME ENROLLED STUDENTS. THE ACADEMY PROVIDES A LEARNING ENVIRONMENT WHICH DEVELOPS UNDERSTANDING, RESPECT AND KNOWLEDGE OF HIS TORAH AND THE TEACHINGS OF ORTHODOX JUDAISM.

    Expenses $722,965

As filed on the 2023 return.

Listed in Part VII

  • Shmuel Katz

    TREASURER

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Shari Berman

    DIRECTOR

    Total calculated
    $0

  • Amy Brooke

    DIRECTOR

    Total calculated
    $0

  • Earl Pollock

    PRESIDENT

    Total calculated
    $0

  • Gary Rothman

    DIRECTOR

    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
8 October 2024
IRS schema version
2023v5.0
Source object
202412829349301241

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