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Nonprofiteer
← MIGDAL BAIS YAAKOV INC

Form 990 for tax year 2022

Filed by MIGDAL BAIS YAAKOV INC.

Totals

Total revenue
$771,907
Total expenses
$631,729
Contributions and grants received
$676,965
Grants paid
$535,000
Program service revenue
$0
Investment income
$0
Other revenue
$94,942
Total assets, end of year
$2,498,301
Total liabilities, end of year
$2,446,957
Net assets or fund balances, end of year
$51,344
Program services expenses (Part IX)
$595,512
Management and general expenses
$36,217
Fundraising expenses
$0
Program service expenses (Part III)
$595,512

Program services were 94.3% 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

    $676,965

  • 6a · Gross rents

    real property $94,942

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $94,942

  • 6d · Net rental income or loss

    total $94,942 · related or exempt $94,942

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $535,000 · program services $535,000

  • 11b · Fees: legal

    total $15,000 · management and general $15,000

  • 13 · Office expenses

    total $1,046 · management and general $1,046

  • 16 · Occupancy

    total $20,379 · program services $15,284 · management and general $5,095

  • 22 · Depreciation, depletion and amortization

    total $60,304 · program services $45,228 · management and general $15,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,873 · end of year $74,489

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

    $2,511,427

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

    $87,615

  • 10c · Land, buildings and equipment, net

    beginning of year $2,109,069 · end of year $2,423,812

  • 24 · Unsecured notes and loans payable

    beginning of year $2,199,776 · end of year $2,446,957

  • 27 · Net assets without donor restrictions

    beginning of year -$88,834 · end of year $51,344

Mission and programs · 2022

Mission

TO PROVIDE FACILITIES TO AN ACADEMIC ACCREDITED POST HIGH SCHOOL VOCATIONAL SEMINARY FOR ORTHODOX JEWISH GIRLS; ENROLLMENT CURRENTLY 90; OPTION TO GRADUATE WITH BA THUS INCREASING EMPLOYMENT OPPORTUNITIES; EMPOWERING AND INSPIRING ALL STUDENTS TO EXCEL IN ALL AREAS OF LIFE.

  • TO PROVIDE FACILITIES TO AN ACADEMIC ACCREDITED POST HIGH SCHOOL VOCATIONAL SEMINARY FOR ORTHODOX JEWISH GIRLS; ENROLLMENT CURRENTLY 90; OPTION TO GRADUATE WITH BA THUS INCREASING EMPLOYMENT OPPORTUNITIES; EMPOWERING AND INSPIRING ALL STUDENTS TO EXCEL IN ALL AREAS OF LIFE.

    Expenses $595,512 · Grants $535,000

As filed on the 2022 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

  • Pnina 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

Provenance

Return type
form_990
Tax year
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202333209349301608

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