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Nonprofiteer
← YESHIVA TIFERETH TORAH INC

Form 990 for tax year 2023

Filed by YESHIVA TIFERETH TORAH INC.

Totals

Total revenue
$4,764,583
Total expenses
$5,150,903
Contributions and grants received
$954,521
Grants paid
$57,139
Program service revenue
$3,468,828
Investment income
$0
Other revenue
$341,234
Total assets, end of year
$11,569,532
Total liabilities, end of year
$5,549,929
Net assets or fund balances, end of year
$6,019,603
Program services expenses (Part IX)
$4,286,494
Management and general expenses
$774,507
Fundraising expenses
$89,902
Program service expenses (Part III)
$4,286,494

Program services were 83.2% 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

    $954,521

  • 2a · Program service revenue: TUITION AND OTHER SCHOOL FEES

    total $3,157,242 · related or exempt $3,157,242

  • 2b · Program service revenue: LUNCH PROGRAM

    total $311,586 · related or exempt $311,586

  • 6a · Gross rents

    real property $341,234

  • 6c · Rental income or loss

    real property $341,234

  • 6d · Net rental income or loss

    total $341,234 · related or exempt $341,234

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $57,139 · program services $57,139

  • 5 · Compensation of officers, directors and key employees

    total $70,089 · program services $48,275 · management and general $21,814

  • 7 · Other salaries and wages

    total $1,377,981 · program services $1,195,222 · management and general $182,759

  • 9 · Other employee benefits

    total $567,803 · program services $525,875 · management and general $41,928

  • 10 · Payroll taxes

    total $45,340 · program services $35,825 · management and general $9,515

  • 11c · Fees: accounting

    total $36,600 · management and general $36,600

  • 12 · Advertising and promotion

    total $1,750 · fundraising $1,750

  • 13 · Office expenses

    total $165,998 · program services $92,941 · management and general $52,890 · fundraising $20,167

  • 16 · Occupancy

    total $154,743 · program services $129,102 · management and general $25,641

  • 20 · Interest

    total $123,584 · program services $122,950 · management and general $634

  • 22 · Depreciation, depletion and amortization

    total $271,480 · program services $233,196 · management and general $38,284

  • 23 · Insurance

    total $70,928 · program services $18,098 · management and general $52,830

  • 24a · Other expenses: PARSONAGE

    total $1,165,747 · program services $986,739 · management and general $179,008

  • 24b · Other expenses: FOOD

    total $323,188 · program services $310,277 · management and general $7,824 · fundraising $5,087

  • 24c · Other expenses: BAD DEBT

    total $277,575 · program services $248,343 · fundraising $29,232

  • 24d · Other expenses: TRAVEL AND TRANSPORTATION

    total $130,003 · program services $128,437 · management and general $1,566

  • 24e · All other expenses

    total $310,955 · program services $154,075 · management and general $123,214 · fundraising $33,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,757 · end of year $150,603

  • 3 · Pledges and grants receivable

    beginning of year $721,431 · end of year $692,199

  • 4 · Accounts receivable

    beginning of year $767,695 · end of year $849,312

  • 7 · Other notes and loans receivable

    beginning of year $46,800 · end of year $46,800

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

    $11,868,664

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

    $2,216,777

  • 10c · Land, buildings and equipment, net

    beginning of year $9,809,593 · end of year $9,651,887

  • 15 · Other assets

    beginning of year $322,976 · end of year $178,731

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,554 · end of year $67,360

  • 22 · Loans and payables to officers and key people

    beginning of year $6,860 · end of year $6,860

  • 23 · Secured mortgages and notes payable

    beginning of year $5,142,528 · end of year $4,927,100

  • 25 · Other liabilities

    beginning of year $352,594 · end of year $548,609

  • 27 · Net assets without donor restrictions

    beginning of year $6,540,716 · end of year $6,019,603

Mission and programs · 2023

Mission

YESHIVA TIFERES TORAH, INC. IS A RELIGIOUS ELEMENTARY SCHOOL PROVIDING QUALITY EDUCATION FOR GRADES K-8 FOR THE CHILDREN OF LAKEWOOD, NJ.

  • THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE A QUALITY RELIGIOUS AND SECULAR EDUCATION TO ELEMENTARY SCHOOL STUDENTS.

    Expenses $4,286,494 · Grants $57,139 · Revenue $3,468,828

As filed on the 2023 return.

Listed in Part VII

  • Yisroel Gelbwachs

    PRESIDENT

    Total calculated
    $50,909
    From this org
    $48,275
    From related orgs
    $0
    Other
    $2,634
    Hours/week
    40
  • Herschel Cutler

    SECRETARY

    Total calculated
    $24,107
    From this org
    $21,473
    From related orgs
    $0
    Other
    $2,634
    Hours/week
    40
  • David Medinets

    VICE PRESIDE

    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

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2024
IRS schema version
2023v6.0
Source object
202540509349301754

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