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← NEW ENGLAND ACADEMY OF TORAH INC

Form 990 for tax year 2023

Filed by NEW ENGLAND ACADEMY OF TORAH INC.

Totals

Total revenue
$216,457
Total expenses
$165,517
Contributions and grants received
$0
Grants paid
$81,000
Program service revenue
$54,650
Investment income
$131,086
Other revenue
$30,721
Total assets, end of year
$4,389,955
Total liabilities, end of year
$493,928
Net assets or fund balances, end of year
$3,896,027
Program services expenses (Part IX)
$165,517
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$165,517

Program services were 100.0% 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.

  • 2a · Program service revenue: 446 MORRIS AVENUE PROPERTY

    total $54,650 · excluded $54,650

  • 3 · Investment income

    total $131,086 · excluded $131,086

  • 6a · Gross rents

    real property $51,538

  • 6b · Less rental expenses

    real property $22,357

  • 6c · Rental income or loss

    real property $29,181

  • 6d · Net rental income or loss

    total $29,181 · excluded $29,181

  • 11a · Other revenue: MISC

    total $1,540 · related or exempt $1,540

  • 11e · Other revenue, total

    $1,540

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $81,000 · program services $81,000

  • 11c · Fees: accounting

    total $1,500 · program services $1,500

  • 11g · Fees: other

    total $11,081 · program services $11,081

  • 16 · Occupancy

    total $21,208 · program services $21,208

  • 20 · Interest

    total $21,645 · program services $21,645

  • 22 · Depreciation, depletion and amortization

    total $1,051 · program services $1,051

  • 24a · Other expenses: BUILDING

    total $24,643 · program services $24,643

  • 24b · Other expenses: REPAIRS

    total $3,389 · program services $3,389

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $409,536 · end of year $76,878

  • 7 · Other notes and loans receivable

    end of year $400,000

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

    $982,892

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

    $235,490

  • 10c · Land, buildings and equipment, net

    beginning of year $777,452 · end of year $747,402

  • 14 · Intangible assets

    beginning of year $10,339 · end of year $9,559

  • 15 · Other assets

    beginning of year $2,981,993 · end of year $3,156,116

  • 25 · Other liabilities

    beginning of year $506,771 · end of year $493,928

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,672,549 · end of year $3,896,027

Mission and programs · 2023

Mission

THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF ADVANCING SECULAR, RELIGIOUS AND RABBINICAL EDUCATION AT ALL EDUCATIONAL LEVELS.

  • TO ADVANCE SECULAR, RELIGIOUS AND RABBINICAL EDUCATION; THE FURTHERING BY ALL PROPER AND LEGITIMATE MEANS OF DISSEMINATION OF TRADITIONAL ORTHODOX HEBREW AND JEWISH RELIGIOUS AND MORAL VALUES AS INTERPRETED FROM TIME TO TIME BY THE MOETZES GEDOLEI HATORAH OF AGUDAS YISROEL OF AMERICA.

    Expenses $165,517 · Grants $81,000 · Revenue $54,650

  • BUILDING AND MAINTAINING SCHOOLS; TEACHING COURSES OF STUDY AS REQUIRED BY FEDERAL, STATE AND LOCAL LAWS AND THE REQUIREMENTS OF TORAH UMESORAH; PROVIDING FOR THE DELIVERY AND HOLDING OF LECTURES, EXHIBITIONS, PUBLIC MEETINGS, CLASSES AND CONFERENCES.

  • ANY OTHER LAWFUL ACTIVITY IN SUPPORT OF AND TO BENEFIT THE ABOVE PURPOSES AS MAY BE CARRIED ON BY AN ORGANIZATION RECOGNIZED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

As filed on the 2023 return.

Listed in Part VII

  • Gershom Barros

    DIRECTOR

    Total calculated
    $0

  • Moshe Golden

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Russell Raskin

    SECRETARY

    Total calculated
    $0

  • Norman Rosenfield

    DIRECTOR

    Total calculated
    $0

  • Shammai Weiner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403209349311550

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