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Nonprofiteer
← MIGDAL BAIS YAAKOV INC

Form 990 for tax year 2024

Filed by MIGDAL BAIS YAAKOV INC.

Totals

Total revenue
$2,001,813
Total expenses
$2,010,889
Contributions and grants received
$976,149
Grants paid
$1,043,399
Program service revenue
$752,482
Investment income
$0
Other revenue
$273,182
Total assets, end of year
$2,676,906
Total liabilities, end of year
$2,719,086
Net assets or fund balances, end of year
-$42,180
Program services expenses (Part IX)
$1,944,661
Management and general expenses
$66,228
Fundraising expenses
$0
Program service expenses (Part III)
$1,944,661

Program services were 96.7% 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)

    $30,924

  • 1f · All other contributions, gifts and grants

    $945,225

  • 2a · Program service revenue: TUITION INCOME

    total $752,482 · related or exempt $752,482

  • 6a · Gross rents

    real property $273,182

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $273,182

  • 6d · Net rental income or loss

    total $273,182 · excluded $273,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,840 · program services $149,840

  • 2 · Grants to domestic individuals

    total $893,559 · program services $893,559

  • 11g · Fees: other

    total $763,702 · program services $752,482 · management and general $11,220

  • 13 · Office expenses

    total $5,415 · management and general $5,415

  • 20 · Interest

    total $117,285 · program services $87,964 · management and general $29,321

  • 22 · Depreciation, depletion and amortization

    total $81,088 · program services $60,816 · management and general $20,272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86 · end of year $31,928

  • 7 · Other notes and loans receivable

    end of year $60,380

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

    $2,826,310

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

    $241,712

  • 10c · Land, buildings and equipment, net

    beginning of year $2,523,696 · end of year $2,584,598

  • 22 · Loans and payables to officers and key people

    beginning of year $582,567 · end of year $782,596

  • 23 · Secured mortgages and notes payable

    beginning of year $1,974,319 · end of year $1,936,490

  • 27 · Net assets without donor restrictions

    beginning of year -$33,104 · end of year -$42,180

Mission and programs · 2024

Mission

TO PROVIDE FACILITIES AND EDUCATIONAL SERVICES TO AN ACADEMIC ACCREDITED POST HIGH SCHOOL VOCATIONAL SEMINARY FOR ORTHODOX JEWISH GIRLS; ENROLLMENT CURRENTLY 101; OPTION TO GRADUATE WITH BA THUS INCREASING EMPLOYMENT OPPORTUNITIES; EMPOWERING AND INSPIRING ALL STUDENTS TO EXCEL IN ALL AREAS OF LIFE.

  • TO PROVIDE FACILITIES AND EDUCATIONAL SERVICES TO AN ACADEMIC ACCREDITED POST HIGH SCHOOL VOCATIONAL SEMINARY FOR ORTHODOX JEWISH GIRLS; ENROLLMENT CURRENTLY 101; OPTION TO GRADUATE WITH BA THUS INCREASING EMPLOYMENT OPPORTUNITIES; EMPOWERING AND INSPIRING ALL STUDENTS TO EXCEL IN ALL AREAS OF LIFE.

    Expenses $1,944,661 · Grants $1,043,399 · Revenue $752,482

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

Listed in Part VII

  • Zvi Bloom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Penina Alster

    DEAN

    Total calculated
    $0
    Hours/week
    2

  • Jacob Heifetz

    TRUSTEE

    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

  • YESHIVA OF CENTRAL JERSEY

    $116,860

    GENERAL SUPPORT

  • MBY SEMINARY INC

    $32,980

    GENERAL SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MBY SEMINARY INC

    501(C)(3) · CONGREGATION AND SCHOOL · NJ · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523219349317722

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