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Nonprofiteer
← UTA OF KJ SC INC

Form 990 for tax year 2023

Filed by UTA OF KJ SC INC.

Totals

Total revenue
$3,930,004
Total expenses
$2,441,299
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,930,004
Investment income
$0
Other revenue
$0
Total assets, end of year
$26,349,244
Total liabilities, end of year
$17,447,416
Net assets or fund balances, end of year
$8,901,828
Program services expenses (Part IX)
$2,441,299
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,441,299

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $3,930,004 · related or exempt $3,930,004

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $126,741 · program services $126,741

  • 11g · Fees: other

    total $199,763 · program services $199,763

  • 13 · Office expenses

    total $185,925 · program services $185,925

  • 20 · Interest

    total $1,105,910 · program services $1,105,910

  • 22 · Depreciation, depletion and amortization

    total $516,555 · program services $516,555

  • 23 · Insurance

    total $58,870 · program services $58,870

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $247,535 · program services $247,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,841 · end of year $415,163

  • 4 · Accounts receivable

    beginning of year $338,246 · end of year $564,805

  • 7 · Other notes and loans receivable

    beginning of year $3,314,934 · end of year $4,099,111

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

    $28,238,748

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

    $6,968,583

  • 10c · Land, buildings and equipment, net

    beginning of year $21,781,453 · end of year $21,270,165

  • 15 · Other assets

    beginning of year $211,684 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,322 · end of year $77,171

  • 19 · Deferred revenue

    beginning of year $77,189

  • 23 · Secured mortgages and notes payable

    beginning of year $18,039,840 · end of year $17,370,245

  • 27 · Net assets without donor restrictions

    beginning of year $7,624,807 · end of year $8,901,828

Mission and programs · 2023

Mission

SEE SCHEDULE OTO GENERATE ECONOMIC ACTIVITY AND LOCAL JOBS FOR THE POVERTY-STRICKEN PEOPLE OF KIRYAS JOEL BY CREATING BUSINESSES THAT WILL PROVIDE 175 JOBS FOR THE NEEDY, AND WHOSE PROFITS WILL BE GRANTED TO THE UNITED TALMUDICAL ACADEMY OF KIRYAS JOEL INC NOT FOR PROFIT INSTITUTIONS. THE ORGANIZATION ALSO PURCHASES PROPERTY TO USE BY OR BENEFIT RELIGIOUS INSTITUTIONS AND FOSTERS RELIGIOUS UNDERSTANDING AND TEACHINGS OF THE DICTATES OF THE UNITED TALMUDICAL ACADEMY OF KIRYAS JOEL INC.

Activities or mission (Part I)

TO GENERATE ECONOMIC ACTIVITY AND LOCAL JOBS FOR THE POVERTY-STRICKEN PEOPLE OF KIRYAS JOEL BY CREATING BUSINESSES THAT WILL PROVIDE 175 JOBS FOR THE NEEDY, AND WHOSE PROFITS WILL BE GRANTED TO THE UNITED TALMUDICAL ACADEMY OF KIRYAS JOEL INC NOT FOR PROFIT INSTITUTIONS. THE ORGANIZATION ALSO PURCHASES PROPERTY TO USE BY OR BENEFIT RELIGIOUS INSTITUTIONS AND FOSTERS RELIGIOUS UNDERSTANDING AND TEACHINGS OF THE DICTATES OF THE UNITED TALMUDICAL ACADEMY OF KIRYAS JOEL INC.

  • TO GENERATE ECONOMIC ACTIVITY AND LOCAL JOBS FOR THE POVERTY-STRICKEN PEOPLE OF KIRYAS JOEL BY CREATING BUSINESSES THAT WILL PROVIDE 175 JOBS FOR THE NEEDY, AND WHOSE PROFITS WILL BE GRANTED TO THE UNITED TALMUDICAL ACADEMY OF KIRYAS JOEL INC NOT FOR PROFIT INSTITUTIONS. THE ORGANIZATION ALSO PURCHASES PROPERTY TO USE BY OR BENEFIT RELIGIOUS INSTITUTIONS AND FOSTERS RELIGIOUS UNDERSTANDING AND TEACHINGS OF THE DICTATES OF THE UNITED TALMUDICAL ACADEMY OF KIRYAS JOEL INC.

    Expenses $2,441,299 · Revenue $3,930,004

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SIMON KEPECS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MAYER HIRSCH

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ELOZER GRUBER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHLOMA WEISS

    DIRECTOR

    Total calculated
    $129,220
    From this org
    $0
    From related orgs
    $129,220
    Other
    $0
    Hours/week
    1 + 2 related

  • YOEL SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 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.

Grants on this return

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2025
IRS schema version
2023v6.0
Source object
202501969349301990

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