Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,079,000

• 1d · Related organizations

  $313,159

• 1f · All other contributions, gifts and grants

  $4,006,647

• 1g · Noncash contributions included above

  $51,826

• 2a · Program service revenue: STUDENT TUITION & FEES

  total $5,888,261 · related or exempt $5,888,261

• 2b · Program service revenue: STUDENT EDUCATION PROGRAMS

  total $209,555 · related or exempt $209,555

• 3 · Investment income

  total $1,555,116 · excluded $1,555,116

• 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

• 7a · Gross sales of assets other than inventory

  securities $27,371,184

• 7b · Less cost or other basis and sales expenses

  securities $18,189,430

• 7c · Gain or loss

  securities $9,181,754

• 7d · Net gain or loss

  total $9,181,754 · excluded $9,181,754

• 8a · Fundraising events: gross income

  $0

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

  $1,079,000

• 8b · Fundraising events: direct expenses

  $185,420

• 8c · Net income from fundraising events

  total -$185,420 · excluded -$185,420

• 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: LOAN FORGIVENESS - PPPI

  total $997,805 · excluded $997,805

• 11e · Other revenue, total

  $997,805

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $130,500 · program services $130,500

• 2 · Grants to domestic individuals

  total $6,852,648 · program services $6,852,648

• 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 $276,333 · program services $276,333

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $4,387,476 · program services $4,274,676 · management and general $0 · fundraising $112,800

• 8 · Pension plan contributions

  total $159,865 · program services $155,755 · fundraising $4,110

• 9 · Other employee benefits

  total $1,061,008 · program services $1,033,730 · fundraising $27,278

• 10 · Payroll taxes

  total $356,781 · program services $348,152 · fundraising $8,629

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $64,900 · management and general $64,900

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $741,922 · management and general $741,922

• 11g · Fees: other

  total $31,205 · management and general $31,205

• 12 · Advertising and promotion

  total $55,451 · program services $55,451

• 13 · Office expenses

  total $71,612 · program services $71,612

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $61,505 · management and general $61,505

• 17 · Travel

  total $27,712 · program services $27,712

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $9,638 · program services $9,638

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,522 · management and general $1,522

• 23 · Insurance

  total $0

• 24a · Other expenses: ALLOCATED EXPENSES

  total $2,500,000 · program services $819,841 · management and general $1,680,159

• 24b · Other expenses: ISRAEL PROGRAMS

  total $1,331,962 · program services $1,331,962

• 24c · Other expenses: EDUCATIONAL PROGRAMS

  total $49,854 · program services $49,854

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $600 · program services $600

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $813 · end of year $813

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $2,396,570 · end of year $3,376,393

• 4 · Accounts receivable

  beginning of year $302,865 · end of year $302,078

• 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 $0 · end of year $0

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

  $3,018,166

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

  $2,757,348

• 10c · Land, buildings and equipment, net

  beginning of year $178,610 · end of year $260,818

• 11 · Investments: publicly traded securities

  beginning of year $53,403,083 · end of year $47,280,239

• 12 · Investments: other securities

  beginning of year $82,101,309 · end of year $84,474,330

• 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 $1,311,664 · end of year $866,500

• 17 · Accounts payable and accrued expenses

  beginning of year $859,878 · end of year $682,448

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $60,103 · end of year $14,802

• 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 $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $997,805 · end of year $0

• 25 · Other liabilities

  beginning of year $1,959,902 · end of year $1,475,027

• 27 · Net assets without donor restrictions

  beginning of year -$1,108,802 · end of year $428,605

• 28 · Net assets with donor restrictions

  beginning of year $136,926,028 · end of year $133,960,289

The filer's explanations (Part III)

SCHEDULE J - PART I

THE HOUSING ALLOWANCE REFERS TO THE PARSONAGE SALARY DESIGNATION PROVIDED TO CERTAIN EMPLOYEES REPORTED IN PART VII AND SCHEDULE J. DETAILS OF COMPENSATION AND BENEFITS REPORTED ON SCHEDULE J, PART II RABBI RONALD SCHWARZBERG - COLUMN C INCLUDES THE EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI SCHWARZBERG'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. A PORTION OF RABBI SCHWARZBERG'S TOTAL COMPENSATION IS EARNED FROM SERVICES PERFORMED FOR YESHIVA UNIVERSITY, AN AFFILIATED, BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES, OF THE SEMINARY. RABBI EZRA SCHWARTZ - COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS AND THE PORTION OF RABBI SCHWARTZ'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. A PORTION OF RABBI SCHWARTZ'S TOTAL COMPENSATION IS EARNED FROM SERVICES PERFORMED FOR YESHIVA UNIVERSITY, AN AFFILIATED, BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES, OF THE SEMINARY. RABBI ARYEH LEBOWITZ - COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, TUITION, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI LEBOWITZ'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. RABBI MARC PENNER - COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI PENNER'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. A PORTION OF RABBI PENNER'S TOTAL COMPENSATION IS EARNED FROM SERVICES PERFORMED FOR YESHIVA UNIVERSITY, AN AFFILIATED, BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES, OF THE SEMINARY. RABBI LAWRENCE ROTHWACHS - COLUMN B INCLUDES TAXABLE TUITION BENEFITS. COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS AND THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES.

COMPENSATION FROM UNRELATED ORGANIZATION

THE SEMINARY'S PRESIDENT, CFO, AND THE VP FOR LEGAL AFFAIRS ARE ALSO OFFICERS OF YESHIVA UNIVERSITY, AN AFFILIATED BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES. PURSUANT TO AN AFFILIATION AGREEMENT, YESHIVA UNIVERSITY PROVIDES FINANCIAL, ADMINISTRATIVE, LEGAL, FACILITIES, AND HUMAN RESOURCE SERVICES TO THE SEMINARY. THESE OFFICERS ARE PAID SOLELY BY YESHIVA UNIVERSITY THROUGH THE UNIVERSITY'S PAYROLL SYSTEM AND THEIR FULL COMPENSATION AND BENEFITS ARE REPORTED ON YESHIVA UNIVERSITY'S FORM 990.