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Nonprofiteer
← YESHIVA GEDOLA NAOS YAAKOV INC

Form 990 for tax year 2024

Filed by YESHIVA GEDOLA NAOS YAAKOV INC.

Totals

Total revenue
$2,910,603
Total expenses
$2,897,179
Contributions and grants received
$1,332,406
Grants paid
$226,971
Program service revenue
$1,545,412
Investment income
$0
Other revenue
$32,785
Total assets, end of year
$8,056,495
Total liabilities, end of year
$2,624,501
Net assets or fund balances, end of year
$5,431,994
Program services expenses (Part IX)
$2,559,772
Management and general expenses
$282,281
Fundraising expenses
$55,126
Program service expenses (Part III)
$2,559,772

Program services were 88.4% 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

    $1,332,406

  • 2a · Program service revenue: TUITION INCOME

    total $1,545,412 · related or exempt $1,545,412

  • 6a · Gross rents

    real property $68,300

  • 6b · Less rental expenses

    real property $36,791

  • 6c · Rental income or loss

    real property $31,509

  • 6d · Net rental income or loss

    total $31,509 · related or exempt $31,509

  • 11a · Other revenue: OTHER

    total $1,276 · related or exempt $1,276

  • 11e · Other revenue, total

    $1,276

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $226,971 · program services $226,971

  • 5 · Compensation of officers, directors and key employees

    total $243,017 · program services $243,017

  • 7 · Other salaries and wages

    total $476,368 · program services $367,994 · management and general $108,374

  • 9 · Other employee benefits

    total $82,453 · program services $76,613 · management and general $5,840

  • 10 · Payroll taxes

    total $37,477 · program services $30,713 · management and general $6,764

  • 11c · Fees: accounting

    total $27,052 · management and general $27,052

  • 11g · Fees: other

    total $99,741 · program services $98,288 · management and general $1,453

  • 12 · Advertising and promotion

    total $1,924 · fundraising $1,924

  • 13 · Office expenses

    total $36,890 · management and general $36,890

  • 16 · Occupancy

    total $201,038 · program services $179,500 · management and general $21,538

  • 17 · Travel

    total $71,198 · program services $63,228 · management and general $1,879 · fundraising $6,091

  • 20 · Interest

    total $68,130 · program services $60,831 · management and general $7,299

  • 22 · Depreciation, depletion and amortization

    total $165,194 · program services $147,496 · management and general $17,698

  • 23 · Insurance

    total $29,667 · program services $26,489 · management and general $3,178

  • 24a · Other expenses: FOOD

    total $837,423 · program services $837,423

  • 24b · Other expenses: BAD DEBT

    total $131,006 · program services $131,006

  • 24c · Other expenses: STUDENT SERVICES

    total $55,368 · program services $55,368

  • 24d · Other expenses: EVENTS

    total $47,111 · fundraising $47,111

  • 24e · All other expenses

    total $59,151 · program services $14,835 · management and general $44,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $209,858 · end of year $259,644

  • 3 · Pledges and grants receivable

    beginning of year $827,711 · end of year $478,398

  • 4 · Accounts receivable

    beginning of year $146,977 · end of year $48,377

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

    $8,758,340

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

    $1,560,506

  • 10c · Land, buildings and equipment, net

    beginning of year $6,610,305 · end of year $7,197,834

  • 14 · Intangible assets

    beginning of year $42,263 · end of year $39,837

  • 15 · Other assets

    beginning of year $34,805 · end of year $32,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,112 · end of year $120,270

  • 19 · Deferred revenue

    beginning of year $25,857 · end of year $30,988

  • 23 · Secured mortgages and notes payable

    beginning of year $2,280,180 · end of year $2,173,243

  • 24 · Unsecured notes and loans payable

    end of year $300,000

  • 25 · Other liabilities

    beginning of year $1,200 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,418,570 · end of year $5,431,994

Mission and programs · 2024

Mission

A POST-SECONDARY SCHOOL OFFERING AN EDUCATIONAL PROGRAM IN TALMUDIC STUDY

  • A POST-SECONDARY SCHOOL OFFERING AN EDUCATIONAL PROGRAM IN TALMUDIC STUDY

    Expenses $2,559,772 · Grants $226,971

As filed on the 2024 return.

Listed in Part VII

  • Shlomo F Schustal

    TRUSTEE

    Total calculated
    $129,600
    From this org
    $84,000
    From related orgs
    $0
    Other
    $45,600
    Hours/week
    40

  • Avraham Kammer

    TRUSTEE

    Total calculated
    $36,417
    From this org
    $30,000
    From related orgs
    $0
    Other
    $6,417
    Hours/week
    40

  • Mechel Gruss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rabbi Shlomo Lessin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rabbi Yisroel Akiva Schustal

    TRUSTEE

    Total calculated
    $76,167
    From this org
    $59,167
    From related orgs
    $0
    Other
    $17,000
    Hours/week
    10

  • Rabbi Joseph Worman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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
6 July 2026
IRS schema version
2024v5.5
Source object
202631879349301173

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