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Nonprofiteer
← RABBINICAL COLLEGE OF TELSHE INC

Form 990 for tax year 2023

Filed by RABBINICAL COLLEGE OF TELSHE INC.

Totals

Total revenue
$6,098,815
Total expenses
$5,320,230
Contributions and grants received
$3,735,385
Grants paid
$96,237
Program service revenue
$2,547,895
Investment income
$13,060
Other revenue
-$197,525
Total assets, end of year
$6,430,376
Total liabilities, end of year
$818,566
Net assets or fund balances, end of year
$5,611,810
Program services expenses (Part IX)
$4,624,631
Management and general expenses
$418,870
Fundraising expenses
$276,729
Program service expenses (Part III)
$4,624,631

Program services were 86.9% 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

    $1,370,868

  • 1e · Government grants (contributions)

    $398,506

  • 1f · All other contributions, gifts and grants

    $1,966,011

  • 2a · Program service revenue: TUITION INCOME

    total $2,083,959 · related or exempt $2,083,959

  • 2b · Program service revenue: RENTAL INCOME

    total $401,850 · related or exempt $401,850

  • 2c · Program service revenue: STUDENT BUSING FEES

    total $62,086 · related or exempt $62,086

  • 3 · Investment income

    total $30,768 · excluded $30,768

  • 7a · Gross sales of assets other than inventory

    securities $32,032

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

    securities $49,740

  • 7c · Gain or loss

    securities -$17,708

  • 7d · Net gain or loss

    total -$17,708 · excluded -$17,708

  • 8a · Fundraising events: gross income

    $33,120

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

    $1,370,868

  • 8b · Fundraising events: direct expenses

    $279,038

  • 8c · Net income from fundraising events

    total -$245,918 · excluded -$245,918

  • 11a · Other revenue: STORM DAMAGE INSURANCE PROCEEDS

    total $48,393 · excluded $48,393

  • 11e · Other revenue, total

    $48,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,237 · program services $96,237

  • 5 · Compensation of officers, directors and key employees

    total $326,306 · program services $297,654 · management and general $14,326 · fundraising $14,326

  • 7 · Other salaries and wages

    total $2,160,189 · program services $2,084,677 · management and general $63,116 · fundraising $12,396

  • 9 · Other employee benefits

    total $200,559 · program services $200,559

  • 10 · Payroll taxes

    total $65,682 · program services $58,911 · management and general $5,034 · fundraising $1,737

  • 11c · Fees: accounting

    total $69,250 · management and general $69,250

  • 11g · Fees: other

    total $218,333 · management and general $176,763 · fundraising $41,570

  • 12 · Advertising and promotion

    total $63,175 · fundraising $63,175

  • 13 · Office expenses

    total $174,611 · program services $43,286 · management and general $57,128 · fundraising $74,197

  • 16 · Occupancy

    total $262,479 · program services $249,355 · management and general $7,874 · fundraising $5,250

  • 17 · Travel

    total $149,178 · program services $102,019 · fundraising $47,159

  • 22 · Depreciation, depletion and amortization

    total $164,096 · program services $155,891 · management and general $4,923 · fundraising $3,282

  • 23 · Insurance

    total $74,570 · program services $70,842 · management and general $2,237 · fundraising $1,491

  • 24a · Other expenses: FOOD EXPENSE

    total $688,270 · program services $688,270

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $607,295 · program services $576,930 · management and general $18,219 · fundraising $12,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $873,113 · end of year $420,341

  • 2 · Savings and temporary cash investments

    beginning of year $409,769 · end of year $814,593

  • 3 · Pledges and grants receivable

    beginning of year $161,709 · end of year $126,364

  • 4 · Accounts receivable

    beginning of year $430,797 · end of year $184,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,633

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

    $7,531,847

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

    $3,580,108

  • 10c · Land, buildings and equipment, net

    beginning of year $3,220,683 · end of year $3,951,739

  • 11 · Investments: publicly traded securities

    beginning of year $854,385 · end of year $933,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $513,292 · end of year $580,442

  • 22 · Loans and payables to officers and key people

    beginning of year $218,750

  • 23 · Secured mortgages and notes payable

    beginning of year $155,000

  • 24 · Unsecured notes and loans payable

    beginning of year $219,374 · end of year $238,124

  • 27 · Net assets without donor restrictions

    beginning of year $4,706,787 · end of year $4,361,175

  • 28 · Net assets with donor restrictions

    beginning of year $172,886 · end of year $1,250,635

Mission and programs · 2023

Mission

OPERATION OF A POST-SECONDARY INSTITUTION OFFERING ADVANCED RABBINICAL EDUCATION AS WELL AS A HIGH-SCHOOL PREPARATORY PROGRAM.

  • OPERATION OF THE HIGH-SCHOOL AND POST-SECONDARY INSTITUTION OFFERING HIGH-SCHOOL AND ADVANCED RABBINICAL EDUCATION.

    Expenses $4,624,631 · Grants $96,237 · Revenue $2,547,895

As filed on the 2023 return.

Listed in Part VII

  • Rabbi Dovid Goldberg

    PRESIDENT

    Total calculated
    $97,500
    From this org
    $85,516
    From related orgs
    $0
    Other
    $11,984
    Hours/week
    40

  • Rabbi Sholom Shapiro

    SECRETARY

    Total calculated
    $52,800
    From this org
    $50,400
    From related orgs
    $0
    Other
    $2,400
    Hours/week
    40

  • Rabbi Anshel Helman

    TREASURER

    Total calculated
    $63,000
    From this org
    $57,800
    From related orgs
    $0
    Other
    $5,200
    Hours/week
    40

  • Asher Yona Klein

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Reuven Dessler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jacob Koval

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Bodner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Shlomo Rechnitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Josef Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ralph Hertzka

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rabbi Yisroel Meir Goldberg

    TRUSTEE & ADMINISTRATOR

    Total calculated
    $27,858
    From this org
    $20,330
    From related orgs
    $0
    Other
    $7,528
    Hours/week
    40

  • Rabbi Elozar Bodner

    TRUSTEE & TEACHER

    Total calculated
    $58,542
    From this org
    $58,542
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Moish Tohn

    FINANCIAL CONSULTANT

    Total calculated
    $111,709
    From this org
    $111,709
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ari Wolf

    CAMPUS MANAGER/ADMINISTRATOR

    Total calculated
    $400,000
    From this org
    $400,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $400,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $400,000

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
  • 4a · Severance or change-of-control payment

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521359349306622

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