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Nonprofiteer
← YESHIVA DERECH CHAIM

Form 990 for tax year 2022

Filed by YESHIVA DERECH CHAIM.

Totals

Total revenue
$4,182,655
Total expenses
$4,064,964
Contributions and grants received
$3,327,770
Grants paid
$397,718
Program service revenue
$836,615
Investment income
$7,363
Other revenue
$10,907
Total assets, end of year
$2,761,869
Total liabilities, end of year
$303,502
Net assets or fund balances, end of year
$2,458,367
Program services expenses (Part IX)
$2,647,101
Management and general expenses
$871,435
Fundraising expenses
$546,428
Program service expenses (Part III)
$2,647,101

Program services were 65.1% 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.

  • 1c · Fundraising events

    $221,588

  • 1e · Government grants (contributions)

    $72,587

  • 1f · All other contributions, gifts and grants

    $3,033,595

  • 2a · Program service revenue: TUITION FEES

    total $836,615 · related or exempt $836,615

  • 3 · Investment income

    total $7,363 · excluded $7,363

  • 8a · Fundraising events: gross income

    $50,000

  • 8a · Fundraising events: contributions included on line 1c

    $221,588

  • 8b · Fundraising events: direct expenses

    $39,093

  • 8c · Net income from fundraising events

    total $10,907 · excluded $10,907

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $397,718 · program services $397,718

  • 5 · Compensation of officers, directors and key employees

    total $373,820 · program services $373,820

  • 7 · Other salaries and wages

    total $1,519,057 · program services $928,556 · management and general $522,301 · fundraising $68,200

  • 8 · Pension plan contributions

    total $147,356 · program services $147,356

  • 9 · Other employee benefits

    total $308,130 · program services $131,343 · management and general $132,832 · fundraising $43,955

  • 10 · Payroll taxes

    total $11,046 · management and general $11,046

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11g · Fees: other

    total $36,845 · management and general $36,845

  • 12 · Advertising and promotion

    total $101,299 · program services $1,400 · fundraising $99,899

  • 13 · Office expenses

    total $150,582 · program services $104,760 · management and general $38,539 · fundraising $7,283

  • 14 · Information technology

    total $17,198 · management and general $8,599 · fundraising $8,599

  • 16 · Occupancy

    total $82,964 · program services $82,964

  • 22 · Depreciation, depletion and amortization

    total $36,269 · program services $36,269

  • 23 · Insurance

    total $34,569 · program services $34,569

  • 24a · Other expenses: FUNDRAISING MAILINGS &

    total $318,492 · fundraising $318,492

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $201,809 · program services $201,809

  • 24c · Other expenses: FOOD SERVICE

    total $151,640 · program services $151,640

  • 24d · Other expenses: CONSULTANTS

    total $59,063 · management and general $59,063

  • 24e · All other expenses

    total $92,107 · program services $54,897 · management and general $37,210

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,284,740 · end of year $1,130,924

  • 3 · Pledges and grants receivable

    beginning of year $547,510 · end of year $731,764

  • 4 · Accounts receivable

    beginning of year $130,413 · end of year $122,244

  • 7 · Other notes and loans receivable

    beginning of year $2,655 · end of year $26,602

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $5,000

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

    $3,015,771

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

    $2,548,216

  • 10c · Land, buildings and equipment, net

    beginning of year $503,824 · end of year $467,555

  • 11 · Investments: publicly traded securities

    beginning of year $25 · end of year $0

  • 15 · Other assets

    beginning of year $277,780 · end of year $277,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,871 · end of year $75,355

  • 19 · Deferred revenue

    beginning of year $2,400 · end of year $0

  • 25 · Other liabilities

    beginning of year $233,333 · end of year $228,147

  • 27 · Net assets without donor restrictions

    beginning of year $2,428,343 · end of year $2,458,367

Mission and programs · 2022

Mission

YESHIVAH DERECH CHAIM EDUCATES AND TRAINS ITS STUDENTS WITH THE SKILLS TO UNDERSTAND AND MASTER THE TALMUD. IT ALSO EDUCATES ITS STUDENTS IN JEWISH THOUGHT AND PROPER ETHICAL AND MORAL STANDARDS OF JUDAISM.

Activities or mission (Part I)

TO CONDUCT AN ADVANCED RABBINICAL SEMINARY

  • ORGANIZATION CONDUCTS AN UNDERGRADUATE, GRADUATE AND POST-GRADUATE RABBINICAL SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 145 STUDENTS.

    Expenses $2,647,101 · Grants $397,718 · Revenue $836,615

As filed on the 2022 return.

Listed in Part VII

  • Dr Yehuda Sorscher

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    15
  • Shamai Goldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Feive Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Yisroel Kramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ephraim Landsberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shimon Levi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Henoch Messner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Harry H Neuhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nosson Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eli Schron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rubin Schron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Betzalel Shindler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nosson Tepper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Zolly Tropper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rabbi Chaim Rennert

    ADMINISTRATOR

    Total calculated
    $105,428
    From this org
    $39,920
    From related orgs
    $0
    Other
    $65,508
    Hours/week
    40
  • Moshe Plutchok

    VICE PRES & DEAN

    Total calculated
    $104,938
    From this org
    $66,000
    From related orgs
    $0
    Other
    $38,938
    Hours/week
    40
  • K Sholom Plutchok

    OFFICER

    Total calculated
    $97,892
    From this org
    $20,602
    From related orgs
    $0
    Other
    $77,290
    Hours/week
    40
  • Reuven Rennert

    OFFICER

    Total calculated
    $54,500
    From this org
    $48,500
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    40

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.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
25 January 2024
IRS schema version
2022v5.0
Source object
202440299349301769

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