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Nonprofiteer
← ACADEMY OF MDY INC

Form 990 for tax year 2022

Filed by ACADEMY OF MDY INC.

Totals

Total revenue
$3,570,880
Total expenses
$3,537,328
Contributions and grants received
$3,570,880
Grants paid
$1,285,278
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$424,344
Total liabilities, end of year
$7,004
Net assets or fund balances, end of year
$417,340
Program services expenses (Part IX)
$3,454,210
Management and general expenses
$83,118
Fundraising expenses
$0
Program service expenses (Part III)
$3,454,210

Program services were 97.7% 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.

  • 1e · Government grants (contributions)

    $3,570,880

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,285,278 · program services $1,285,278

  • 7 · Other salaries and wages

    total $1,525,631 · program services $1,525,631

  • 10 · Payroll taxes

    total $106,683 · program services $106,683

  • 11b · Fees: legal

    total $77,059 · management and general $77,059

  • 11g · Fees: other

    total $536,618 · program services $536,618

  • 13 · Office expenses

    total $6,059 · management and general $6,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $380,773 · end of year $424,344

  • 17 · Accounts payable and accrued expenses

    end of year $7,004

  • 27 · Net assets without donor restrictions

    beginning of year $380,773 · end of year $417,340

Mission and programs · 2022

Mission

ASSISTED NOT-FOR-PROFIT NONPUBLIC EARLY CHILDHOOD, ELEMENTARY, AND HIGH SCHOOLS IN PLACING SPECIAL EDUCATION TEACHERS.

Activities or mission (Part I)

ASSISTED NOT-FOR-PROFIT SCHOOLS IN PLACING SPECIAL EDUCATION TEACHERS FOR SUPPORT SERVICES.

  • ASSISTED NOT-FOR-PROFIT NONPUBLIC EARLY CHILDHOOD, ELEMENTARY, AND HIGH SCHOOLS IN PLACING SPECIAL EDUCATION TEACHERS.

    Expenses $3,454,210 · Grants $1,285,278

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

  • ABE SHALOM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • 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

  • EZRA SABAN

    PRINCIPAL

    Total calculated
    $292,334
    From this org
    $0
    From related orgs
    $154,034
    Other
    $138,300
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,034 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,041 related
    Nontaxable benefits
    $0 + $132,259 related
    Filer's total
    $0 + $292,334 related

  • ALAN BERKOWITZ

    FORMER PRINCIPAL

    Total calculated
    $230,222
    From this org
    $0
    From related orgs
    $136,611
    Other
    $93,611
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,611 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,933 related
    Nontaxable benefits
    $0 + $90,678 related
    Filer's total
    $0 + $230,222 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

None.

Answered no

  • 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

  • SA-MDY INC

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

    Directly controlled by MAGEN DAVID YESHIVA

  • MDYHS INC

    501(C)(3) · HIGH SCHOOL · 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

  • OPS-MDY INC

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

    Directly controlled by MAGEN DAVID YESHIVA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202411969349300206

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