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Nonprofiteer
← HOCHBERG PREPARATORY SCHOOL INC

Form 990 for tax year 2022

Filed by HOCHBERG PREPARATORY SCHOOL INC.

Totals

Total revenue
$6,106,279
Total expenses
$5,794,606
Contributions and grants received
$465,313
Grants paid
$352,755
Program service revenue
$5,615,517
Investment income
$12,689
Other revenue
$12,760
Total assets, end of year
$13,961,144
Total liabilities, end of year
$9,379,457
Net assets or fund balances, end of year
$4,581,687
Program services expenses (Part IX)
$4,611,014
Management and general expenses
$1,055,007
Fundraising expenses
$128,585
Program service expenses (Part III)
$4,611,014

Program services were 79.6% 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.

  • 1f · All other contributions, gifts and grants

    $465,313

  • 2a · Program service revenue: TUITION AND FEES

    total $5,499,386 · related or exempt $5,499,386

  • 2b · Program service revenue: SCHOOL ACTIVITIES INCOME

    total $116,131 · related or exempt $116,131

  • 3 · Investment income

    total $12,689 · unrelated business $0 · excluded $12,689

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $12,760 · excluded $12,760

  • 11e · Other revenue, total

    $12,760

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $352,755 · program services $352,755

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $156,600 · program services $108,287 · management and general $43,315 · fundraising $4,998

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,315,481 · program services $1,601,131 · management and general $640,452 · fundraising $73,898

  • 8 · Pension plan contributions

    total $11,898 · program services $8,227 · management and general $3,291 · fundraising $380

  • 9 · Other employee benefits

    total $147,124 · program services $101,735 · management and general $40,694 · fundraising $4,695

  • 10 · Payroll taxes

    total $160,150 · program services $110,742 · management and general $44,297 · fundraising $5,111

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $52,160 · management and general $52,160

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $52,626 · program services $52,356 · fundraising $270

  • 13 · Office expenses

    total $35,108 · program services $24,275 · management and general $9,710 · fundraising $1,123

  • 14 · Information technology

    total $77,286 · program services $53,442 · management and general $21,377 · fundraising $2,467

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $631,256 · program services $547,984 · management and general $63,126 · fundraising $20,146

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $499,936 · program services $449,942 · management and general $49,994

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $473,657 · program services $416,818 · management and general $47,366 · fundraising $9,473

  • 23 · Insurance

    total $73,508 · program services $63,811 · management and general $7,351 · fundraising $2,346

  • 24a · Other expenses: SCHOOL FOOD AND EVENTS

    total $350,605 · program services $350,605

  • 24b · Other expenses: EDUCATION PROGRAMS

    total $289,220 · program services $289,220

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $115,236 · program services $79,684 · management and general $31,874 · fundraising $3,678

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,947,272 · end of year $2,472,221

  • 2 · Savings and temporary cash investments

    beginning of year $30,044 · end of year $670,878

  • 3 · Pledges and grants receivable

    beginning of year $88,836 · end of year $44,604

  • 4 · Accounts receivable

    beginning of year $1,907 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,784 · end of year $160,441

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

    $12,329,910

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

    $1,795,675

  • 10c · Land, buildings and equipment, net

    beginning of year $10,603,685 · end of year $10,534,235

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $100,695 · end of year $78,765

  • 17 · Accounts payable and accrued expenses

    beginning of year $208,660 · end of year $213,993

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,405,250 · end of year $1,348,429

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $627,593 · end of year $640,261

  • 23 · Secured mortgages and notes payable

    beginning of year $7,196,850 · end of year $7,121,196

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $139,278 · end of year $55,578

  • 27 · Net assets without donor restrictions

    beginning of year $4,176,463 · end of year $4,430,716

  • 28 · Net assets with donor restrictions

    beginning of year $149,129 · end of year $150,971

Mission and programs · 2022

Mission

HOCHBERG PREPARATORY SCHOOL INSPIRES LIFELONG LEARNERS WHO WILL EMERGE AS WELL-ROUNDED AND CONFIDENT LEADERS IN OUR GLOBAL SOCIETY. HOCHBERG ACCOMPLISHES THIS THROUGH THE INTEGRATION OF ACADEMIC EXCELLENCE, JEWISH VALUES AND MITZVOT, CUTTING-EDGE TECHNOLOGY, EXCEPTIONAL ARTS AND ATHLETICS AND A LOVE OF ISRAEL. HOCHBERG PROVIDES A SUPPORTIVE, NURTURING ENVIRONMENT WHICH EMPOWERS STUDENTS TO REACH THEIR FULLEST POTENTIAL.

Activities or mission (Part I)

TO INSPIRE LIFELONG LEARNERS WHO WILL EMERGE AS WELL-ROUNDED & CONFIDENT LEADERS IN OUR GLOBAL SOCIETY.

  • EDUCATION - NONPROFIT EDUCATIONAL INSTITUTION PROVIDING DUAL PROGRAMS (BOTH GENERAL AND JUDAIC STUDIES) TO CHILDREN FROM KINDERGARTEN THROUGH 5TH GRADE.

    Expenses $4,611,014 · Grants $352,755 · Revenue $5,615,517

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Richard Cuenca

    HEAD OF THE SCHOOL

    Total calculated
    $156,600
    From this org
    $156,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,000
    Bonus
    $13,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,600

  • Marla Cotzen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Sharon Attas Kaplan

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Joel Hochberg

    FOUNDER

    Total calculated
    $0
    Hours/week
    5

  • Marcia Hochberg

    FOUNDER

    Total calculated
    $0
    Hours/week
    5

  • Karen Dombey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mariam Dum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Hochberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alan Rosenthal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sam Rubinsztain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Harry Warticovschi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dena Decker

    CFO

    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. 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 · Written employment contract

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 March 2024
IRS schema version
2022v5.0
Source object
202400789349300420

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