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← TALMUDICAL ACADEMY OF NORFOLK INC

Form 990 for tax year 2024

Filed by TALMUDICAL ACADEMY OF NORFOLK INC.

Totals

Total revenue
$695,932
Total expenses
$704,183
Contributions and grants received
$506,951
Grants paid
$0
Program service revenue
$69,897
Investment income
$24,088
Other revenue
$94,996
Total assets, end of year
$1,661,009
Total liabilities, end of year
$987
Net assets or fund balances, end of year
$1,660,022
Program services expenses (Part IX)
$599,760
Management and general expenses
$104,423
Fundraising expenses
$0
Program service expenses (Part III)
$599,760

Program services were 85.2% 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

    $506,951

  • 2a · Program service revenue: TUITION OTHER

    total $69,877 · related or exempt $69,877

  • 2b · Program service revenue: MILK REIMBURSEMENT

    total $20 · related or exempt $20

  • 3 · Investment income

    total $24,088 · excluded $24,088

  • 8a · Fundraising events: gross income

    $94,996

  • 8c · Net income from fundraising events

    total $94,996

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,000 · program services $88,000 · management and general $30,000

  • 7 · Other salaries and wages

    total $222,229 · program services $222,229

  • 9 · Other employee benefits

    total $35,076 · program services $35,076

  • 10 · Payroll taxes

    total $32,972 · program services $31,290 · management and general $1,682

  • 11c · Fees: accounting

    total $15,242 · management and general $15,242

  • 13 · Office expenses

    total $10,534 · program services $399 · management and general $10,135

  • 16 · Occupancy

    total $83,259 · program services $48,647 · management and general $34,612

  • 17 · Travel

    total $3,307 · program services $3,307

  • 22 · Depreciation, depletion and amortization

    total $59,384 · program services $59,384

  • 23 · Insurance

    total $25,751 · program services $25,751

  • 24a · Other expenses: FOOD COSTS

    total $51,661 · program services $51,661

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $17,222 · program services $17,222

  • 24c · Other expenses: CONTRACT LABOR

    total $10,550 · program services $10,550

  • 24d · Other expenses: BANK CHARGES

    total $7,636 · management and general $7,636

  • 24e · All other expenses

    total $11,360 · program services $6,244 · management and general $5,116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,683 · end of year $120,905

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

    $2,481,955

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

    $941,851

  • 10c · Land, buildings and equipment, net

    beginning of year $1,599,488 · end of year $1,540,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $898 · end of year $987

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,668,273 · end of year $1,660,022

Mission and programs · 2024

Mission

THE SCHOOL WAS FOUNDED FOR ESTABLISHING A HIGH SCHOOL IN THE SOUTH HAMPTON ROADS AREA OF VIRGINIA

  • TALMUDICAL ACADEMY PROVIDES JEWISH TEACHINGS AND ACADEMIC STUDIES AT THE HIGH SCHOOL LEVEL. CURRENTLY, THE SCHOOL HAS 13 FULL TIME ENROLLED STUDENTS. THE ACADEMY PROVIDES A LEARNING ENVIRONMENT WHICH DEVELOPS UNDERSTANDING, RESPECT AND KNOWLEDGE OF HIS TORAH AND THE TEACHINGS OF ORTHODOX JUDAISM.

    Expenses $599,760

As filed on the 2024 return.

Listed in Part VII

  • Shmuel Katz

    TREASURER

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Shari Berman

    DIRECTOR

    Total calculated
    $0

  • Amy Brooke

    DIRECTOR

    Total calculated
    $0

  • Earl Pollock

    PRESIDENT

    Total calculated
    $0

  • Gary Rothman

    DIRECTOR

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.0
Source object
202543089349301649

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