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Nonprofiteer
← MDYHS INC

Form 990 for tax year 2022

Filed by MDYHS INC.

Totals

Total revenue
$11,100,000
Total expenses
$9,625,860
Contributions and grants received
$0
Grants paid
$131,648
Program service revenue
$11,100,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,397,069
Total liabilities, end of year
$118,151
Net assets or fund balances, end of year
$1,278,918
Program services expenses (Part IX)
$9,607,252
Management and general expenses
$18,608
Fundraising expenses
$0
Program service expenses (Part III)
$9,607,252

Program services were 99.8% 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: MANAGEMENT FEE

    total $11,100,000 · related or exempt $11,100,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,648 · program services $131,648

  • 5 · Compensation of officers, directors and key employees

    total $1,092,764 · program services $1,092,764

  • 7 · Other salaries and wages

    total $7,237,425 · program services $7,237,425

  • 8 · Pension plan contributions

    total $65,445 · program services $65,445

  • 9 · Other employee benefits

    total $617,252 · program services $617,252

  • 10 · Payroll taxes

    total $462,718 · program services $462,718

  • 13 · Office expenses

    total $18,608 · management and general $18,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,637 · end of year $1,310,128

  • 4 · Accounts receivable

    beginning of year $84,339 · end of year $86,941

  • 17 · Accounts payable and accrued expenses

    beginning of year $203,866 · end of year $118,151

  • 24 · Unsecured notes and loans payable

    beginning of year $1,616,437

  • 27 · Net assets without donor restrictions

    beginning of year -$1,685,327 · end of year $1,278,918

Mission and programs · 2022

Mission

ASSISTING NOT-FOR PROFIT HIGH SCHOOLS IN MANAGING THEIR OPERATIONS IN AN EFFICIENT BASIS.

Activities or mission (Part I)

TO ASSIST NOT-FOR-PROFIT SCHOOLS IN MANAGING THEIR OPERATIONS AND FINANCES IN AN EFFICIENT BASIS.

  • ASSISTING NOT-FOR PROFIT HIGH SCHOOLS IN MANAGING THEIR OPERATIONS IN AN EFFICIENT BASIS.

    Expenses $9,607,252 · Grants $131,648 · Revenue $11,100,000

As filed on the 2022 return.

Listed in Part VII

  • Jeff Sutton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Alberto Sutton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Eric Setton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joey Shalom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Greenberg

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $284,150
    From this org
    $0
    From related orgs
    $240,590
    Other
    $43,560
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,590 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,518 related
    Nontaxable benefits
    $0 + $36,042 related
    Filer's total
    $0 + $284,150 related

  • Sheila Rubin

    EXECUTIVE DIRECTOR

    Total calculated
    $141,700
    From this org
    $0
    From related orgs
    $134,239
    Other
    $7,461
    Hours/week
    1 + 39 related

  • Charles Leontsinidis

    DIRECTOR OF FINANCE

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Rabbi Eli J Mansour

    DIRECTOR OF SPIRITUAL GUIDANCE

    Total calculated
    $300,000
    From this org
    $300,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $300,000

  • Doctor Daniel Vitow

    HEAD OF SCHOOL

    Total calculated
    $319,703
    From this org
    $296,644
    From related orgs
    $0
    Other
    $23,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,644
    Bonus
    $0
    Other
    $0
    Deferred
    $13,021
    Nontaxable benefits
    $10,038
    Filer's total
    $319,703

  • Audrey Nassar

    ASSOCIATE PRINCIPAL

    Total calculated
    $217,443
    From this org
    $0
    From related orgs
    $165,874
    Other
    $51,569
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,874 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $51,569 related
    Filer's total
    $0 + $217,443 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • MAGEN DAVID YESHIVA

    501(C)(3) · CONGREGATION AND SCHOOL · NY

  • ACADEMY AT MDY INC

    501(C)(3) · SPECIAL EDUCATION · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • EARLY CHILDHOOD AT MDY INC

    501(C)(3) · EARLY EDUCATION · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • SA-MDY INC

    501(C)(3) · SCHOOL MANAGEMENT · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • OPS-MDY INC

    501(C)(3) · MAINTENANCE · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202401969349300305

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