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Nonprofiteer
← MDYHS INC

Form 990 for tax year 2024

Filed by MDYHS INC.

Totals

Total revenue
$11,164,173
Total expenses
$11,401,266
Contributions and grants received
$289,173
Grants paid
$0
Program service revenue
$10,875,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,252,174
Total liabilities, end of year
$197,081
Net assets or fund balances, end of year
$1,055,093
Program services expenses (Part IX)
$11,383,562
Management and general expenses
$17,704
Fundraising expenses
$0
Program service expenses (Part III)
$11,383,562

Program services were 99.8% 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.

  • 1d · Related organizations

    $289,173

  • 2a · Program service revenue: MANAGEMENT FEE

    total $10,875,000 · related or exempt $10,875,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,028,189 · program services $1,028,189

  • 7 · Other salaries and wages

    total $8,700,740 · program services $8,700,740

  • 8 · Pension plan contributions

    total $206,702 · program services $206,702

  • 9 · Other employee benefits

    total $881,030 · program services $881,030

  • 10 · Payroll taxes

    total $554,723 · program services $554,723

  • 11g · Fees: other

    total $12,178 · program services $12,178

  • 13 · Office expenses

    total $17,704 · management and general $17,704

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,359,843 · end of year $1,161,887

  • 4 · Accounts receivable

    beginning of year $82,253 · end of year $90,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,910 · end of year $180,877

  • 19 · Deferred revenue

    end of year $16,204

  • 27 · Net assets without donor restrictions

    beginning of year $1,292,186 · end of year $1,055,093

Mission and programs · 2024

Mission

ASSISTING NOT-FOR PROFIT HIGH SCHOOLS IN MANAGING THEIR OPERATIONS IN AN EFFICIENT BASIS.

Activities or mission (Part I)

TO ASSIST NOT-FOR-PROFIT SCHOOLS IN MANAGING THEIR OPERATIONS AND FINANCES IN AN EFFICIENT BASIS.

  • ASSISTING NOT-FOR PROFIT HIGH SCHOOLS IN MANAGING THEIR OPERATIONS IN AN EFFICIENT BASIS.

    Expenses $11,383,562 · Revenue $10,875,000

As filed on the 2024 return.

Listed in Part VII

  • JEFF SUTTON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ALBERTO SUTTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ERIC SETTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHEILA RUBIN

    EXECUTIVE DIRECTOR

    Total calculated
    $280,500
    From this org
    $0
    From related orgs
    $246,430
    Other
    $34,070
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,430 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $3,570 related
    Filer's total
    $0 + $280,500 related

  • CHARLES LEONTSINIDIS

    DIRECTOR OF FINANCE

    Total calculated
    $199,299
    From this org
    $0
    From related orgs
    $181,937
    Other
    $17,362
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,937 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,200 related
    Nontaxable benefits
    $0 + $10,162 related
    Filer's total
    $0 + $199,299 related

  • RABBI ELI J MANSOUR

    DIRECTOR OF SPIRITUAL GUIDANCE

    Total calculated
    $410,000
    From this org
    $410,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $410,000

  • DOCTOR DANIEL VITOW

    HEAD OF SCHOOL

    Total calculated
    $567,250
    From this org
    $544,794
    From related orgs
    $0
    Other
    $22,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $544,794
    Bonus
    $0
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $5,206
    Filer's total
    $567,250

  • AUDREY NASSAR

    ASSOCIATE PRINCIPAL

    Total calculated
    $241,722
    From this org
    $0
    From related orgs
    $211,756
    Other
    $29,966
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,756 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,511 related
    Nontaxable benefits
    $0 + $18,455 related
    Filer's total
    $0 + $241,722 related

  • LAURA MILLER

    DIRECTOR OF COLLEGE GUIDANCE

    Total calculated
    $284,400
    From this org
    $241,566
    From related orgs
    $0
    Other
    $42,834
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $241,566
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $12,334
    Filer's total
    $284,400

  • DAVID SHAMAH

    DIRECTOR OF OPERATIONS

    Total calculated
    $313,833
    From this org
    $0
    From related orgs
    $281,533
    Other
    $32,300
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,533 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $1,800 related
    Filer's total
    $0 + $313,833 related

  • STEPHEN HEQUEMBOURG

    DIRECTOR OF SCHOLARS PROGRAM

    Total calculated
    $163,075
    From this org
    $158,165
    From related orgs
    $0
    Other
    $4,910
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $158,165
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,910
    Filer's total
    $163,075

  • JOSEPH MINEO

    HR DIRECTOR

    Total calculated
    $191,067
    From this org
    $0
    From related orgs
    $149,325
    Other
    $41,742
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $149,325 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,400 related
    Nontaxable benefits
    $0 + $12,342 related
    Filer's total
    $0 + $191,067 related

  • BETH GOLDBERG

    PROGRAM COORDINATOR

    Total calculated
    $172,050
    From this org
    $145,590
    From related orgs
    $0
    Other
    $26,460
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $145,590
    Bonus
    $0
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $14,460
    Filer's total
    $172,050

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS BASED ON WHAT OTHER INDUSTRIES PAY FOR JOBS WITH THE SAME OR SIMILAR TYPES OF RESPONSIBILITIES. THE PROCESS INCLUDES AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD.

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.

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.

  • MAGEN DAVID YESHIVA

    501(C)(3) · CONGREGATION AND SCHOOL · NY

  • ACADEMY AT MDY INC

    501(C)(3) · SPECIAL EDUCATION · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • EARLY CHILDHOOD AT MDY INC

    501(C)(3) · EARLY EDUCATION · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • SA-MDY INC

    501(C)(3) · SCHOOL MANAGEMENT · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

  • OPS-MDY INC

    501(C)(3) · MAINTENANCE · DE · controlled entity

    Directly controlled by MAGEN DAVID YESHIVA

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.5
Source object
202631949349300828

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