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← DR MIRIAM AND SHELDON G ADELSON EDUCATIONAL INSTITUTE

Form 990 for tax year 2023

Filed by DR MIRIAM AND SHELDON G ADELSON EDUCATIONAL INSTITUTE.

Totals

Total revenue
$23,303,522
Total expenses
$22,834,427
Contributions and grants received
$6,827,167
Grants paid
$1,411,826
Program service revenue
$16,356,532
Investment income
$41,032
Other revenue
$78,791
Total assets, end of year
$42,517,052
Total liabilities, end of year
$14,591,221
Net assets or fund balances, end of year
$27,925,831
Program services expenses (Part IX)
$19,993,686
Management and general expenses
$2,504,711
Fundraising expenses
$336,030
Program service expenses (Part III)
$19,993,686

Program services were 87.6% 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.

  • 1c · Fundraising events

    $6,207

  • 1f · All other contributions, gifts and grants

    $6,820,960

  • 2a · Program service revenue: TUITION

    total $16,164,997 · related or exempt $16,164,997

  • 2b · Program service revenue: OTHER PROG. FEES/SERVI

    total $191,535 · related or exempt $191,535

  • 3 · Investment income

    total $39,614 · excluded $39,614

  • 6a · Gross rents

    real property $92,892

  • 6b · Less rental expenses

    real property $8,645

  • 6c · Rental income or loss

    real property $84,247

  • 6d · Net rental income or loss

    total $84,247 · excluded $84,247

  • 7a · Gross sales of assets other than inventory

    other assets $1,418

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $1,418

  • 7d · Net gain or loss

    total $1,418 · excluded $1,418

  • 8a · Fundraising events: gross income

    $7,623

  • 8a · Fundraising events: contributions included on line 1c

    $6,207

  • 8b · Fundraising events: direct expenses

    $13,079

  • 8c · Net income from fundraising events

    total -$5,456 · excluded -$5,456

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,411,826 · program services $1,411,826

  • 5 · Compensation of officers, directors and key employees

    total $655,732 · program services $40,251 · management and general $595,355 · fundraising $20,126

  • 7 · Other salaries and wages

    total $10,416,211 · program services $9,371,991 · management and general $844,126 · fundraising $200,094

  • 8 · Pension plan contributions

    total $472,137 · program services $429,166 · management and general $26,928 · fundraising $16,043

  • 9 · Other employee benefits

    total $2,059,475 · program services $1,812,278 · management and general $222,272 · fundraising $24,925

  • 10 · Payroll taxes

    total $896,656 · program services $779,877 · management and general $99,432 · fundraising $17,347

  • 11b · Fees: legal

    total $48,124 · program services $9,625 · management and general $36,093 · fundraising $2,406

  • 11c · Fees: accounting

    total $55,915 · program services $11,183 · management and general $41,936 · fundraising $2,796

  • 11g · Fees: other

    total $449,677 · program services $323,253 · management and general $116,220 · fundraising $10,204

  • 12 · Advertising and promotion

    total $81,269 · program services $16,254 · management and general $60,952 · fundraising $4,063

  • 13 · Office expenses

    total $140,609 · program services $89,046 · management and general $47,764 · fundraising $3,799

  • 14 · Information technology

    total $239,574 · program services $229,991 · management and general $7,187 · fundraising $2,396

  • 16 · Occupancy

    total $935,438 · program services $898,019 · management and general $28,064 · fundraising $9,355

  • 20 · Interest

    total $3,514 · program services $703 · management and general $2,635 · fundraising $176

  • 22 · Depreciation, depletion and amortization

    total $2,398,652 · program services $2,321,503 · management and general $74,905 · fundraising $2,244

  • 23 · Insurance

    total $292,779 · program services $58,556 · management and general $219,584 · fundraising $14,639

  • 24a · Other expenses: INSTRUCTION

    total $2,168,420 · program services $2,168,420

  • 24b · Other expenses: BAD DEBT

    total $39,689 · program services $7,938 · management and general $29,767 · fundraising $1,984

  • 24c · Other expenses: BANK FEES

    total $32,880 · program services $6,576 · management and general $24,660 · fundraising $1,644

  • 24d · Other expenses: HOSPITALITY

    total $29,080 · program services $5,816 · management and general $21,810 · fundraising $1,454

  • 24e · All other expenses

    total $6,770 · program services $1,414 · management and general $5,021 · fundraising $335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $586,620 · end of year $365,704

  • 2 · Savings and temporary cash investments

    beginning of year $2,500 · end of year $2,155,465

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $9,895,944 · end of year $10,602,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $217,160 · end of year $351,038

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

    $68,239,633

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

    $39,496,155

  • 10c · Land, buildings and equipment, net

    beginning of year $30,444,909 · end of year $28,743,478

  • 12 · Investments: other securities

    beginning of year $995,929 · end of year $298,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,605,258 · end of year $988,256

  • 19 · Deferred revenue

    beginning of year $13,131,068 · end of year $13,602,965

  • 27 · Net assets without donor restrictions

    beginning of year $26,738,437 · end of year $27,440,541

  • 28 · Net assets with donor restrictions

    beginning of year $718,299 · end of year $485,290

Mission and programs · 2023

Mission

THE SCHOOL PROVIDES AN EXTENSIVE SECULAR AND JUDAIC STUDIES CURRICULUM FOR STUDENTS IN PRESCHOOL THROUGH 12TH GRADE.

Activities or mission (Part I)

EDUCATION FOR CHILDREN IN GRADES PRE-K THROUGH 12TH GRADE

  • THE SCHOOL PROVIDES EDUCATION IN SECULAR AND JUDAIC STUDIES, SERVING IN EXCESS OF 670 STUDENTS ANNUALLY.

    Expenses $19,993,686 · Grants $1,411,826 · Revenue $16,356,532

As filed on the 2023 return.

Listed in Part VII

  • CHARLES LITT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE KUPERSTOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PATRICK DUMONT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR MIRIAM ADELSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SIVAN DUMONT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARIEL GARBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR NEVILLE POKROY MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARRY SHRAGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN YERUSHALMI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALISON ABRAHAMSON

    HEAD OF SCHOOL (AS OF 07/23)

    Total calculated
    $328,941
    From this org
    $294,425
    From related orgs
    $0
    Other
    $34,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,425
    Bonus
    $0
    Other
    $0
    Deferred
    $25,287
    Nontaxable benefits
    $9,229
    Filer's total
    $328,941

  • LAURIE KAUFMANN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $227,219
    From this org
    $201,884
    From related orgs
    $0
    Other
    $25,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,884
    Bonus
    $0
    Other
    $0
    Deferred
    $17,446
    Nontaxable benefits
    $7,889
    Filer's total
    $227,219

  • CAMILLE MCCUE

    HIGH SCHOOL PRINCIPAL

    Total calculated
    $206,771
    From this org
    $197,602
    From related orgs
    $0
    Other
    $9,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,602
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,169
    Filer's total
    $206,771

  • SHARON METZ

    LOWER SCHOOL PRINCIPAL

    Total calculated
    $200,012
    From this org
    $192,245
    From related orgs
    $0
    Other
    $7,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,245
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,767
    Filer's total
    $200,012

  • BENJAMIN KOCH

    MIDDLE SCHOOL PRINCIPAL

    Total calculated
    $184,448
    From this org
    $162,468
    From related orgs
    $0
    Other
    $21,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,468
    Bonus
    $0
    Other
    $0
    Deferred
    $14,754
    Nontaxable benefits
    $7,226
    Filer's total
    $184,448

  • DORIT KALEV

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $161,517
    From this org
    $150,287
    From related orgs
    $0
    Other
    $11,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,287
    Bonus
    $0
    Other
    $0
    Deferred
    $6,605
    Nontaxable benefits
    $4,625
    Filer's total
    $161,517

  • DANIEL KELLY

    LOWER SCHOOL ASSISTANT PRI

    Total calculated
    $141,076
    From this org
    $128,187
    From related orgs
    $0
    Other
    $12,889
    Hours/week
    40

  • PETER GORDON

    FORMER HOS (THRU 6/23)

    Total calculated
    $402,664
    From this org
    $384,555
    From related orgs
    $0
    Other
    $18,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,430
    Bonus
    $0
    Other
    $228,125
    Deferred
    $14,193
    Nontaxable benefits
    $3,916
    Filer's total
    $402,664

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE FORMER HEAD OF SCHOOL RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $228,125 IN CALENDAR YEAR 2023, AND THIS WAS INCLUDED IN HIS TAXABLE WAGES ON HIS FORM W-2.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349300907

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