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← STERN ACADEMY INC

Form 990 for tax year 2023

Filed by STERN ACADEMY INC.

What the amendment changed

Compared with the return it replaced , filed 14 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,792,500 changed to $0
Total expenses
$1,464,272 changed to $470,425
Contributions and grants received
$1,792,500 changed to $0
Grants paid
$1,459,932 changed to $469,025
Total assets, end of year
$509,835 changed to $39,410
Net assets or fund balances, end of year
$509,835 changed to $39,410
Program services expenses
$1,459,932 changed to $469,025
Management and general expenses
$4,340 changed to $1,400
Program service expenses (Part III)
$1,459,932 changed to $469,025

Totals

Total revenue
$0
Total expenses
$470,425
Contributions and grants received
$0
Grants paid
$469,025
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$39,410
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,410
Program services expenses (Part IX)
$469,025
Management and general expenses
$1,400
Fundraising expenses
$0
Program service expenses (Part III)
$469,025

Program services were 99.7% 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.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $469,025 · program services $469,025

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,400 · management and general $1,400

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $509,835 · end of year $39,410

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $509,835 · end of year $39,410

Mission and programs · 2023

Mission

To provide needs-based school scholarships for religious education services to all members of the Jewish faith who reside in the greater Philadelphia area.

  • Assisted students attending private day schools by raising money through the commonwealth of Pennsylvania's educational improvement tax credit (eitc/pre-k eitc) programs and awarding pre-k and k-12 scholarships to eligible students attending Jewish day schools in the Philadelphia area as well as eligible students attending Jewish day schools throughout the state. All families receiving these scholarships must reside in Pennsylvania and meet specific household income guidelines as determined by the commonwealth of Pennsylvania's department of community and economic development (dced) for eitc. Funds on hand at the end of 2023 have been allocated at the start of 2024 towards the 2023-2024 tuition of eligible students.

    Expenses $469,025 · Grants $469,025

As filed on the 2023 return.

Listed in Part VII

  • Shalom Deitsch

    President

    Total calculated
    $0
    Hours/week
    1
  • Devorah L Deitsch

    Director

    Total calculated
    $0
    Hours/week
    1
  • Zushe Gurevitz

    Director

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 July 2024
IRS schema version
2023v5.1
Source object
202402049349300035

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