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Nonprofiteer
← BAIS MEDRASH TORAS CHESED INC

Form 990 for tax year 2024

Filed by BAIS MEDRASH TORAS CHESED INC.

What the amendment changed

Compared with the return it replaced , filed 7 March 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,043,598 changed to $4,075,663
Total expenses
$1,665,803 changed to $2,896,032
Contributions and grants received
$1,052,707 changed to $2,273,713
Grants paid
$400,706 changed to $720,311
Program service revenue
$954,135 changed to $1,780,233
Other revenue
$36,756 changed to $21,717
Total assets, end of year
$3,451,304 changed to $4,942,903
Total liabilities, end of year
$199,498 changed to $511,466
Net assets or fund balances, end of year
$3,251,806 changed to $4,431,437
Program services expenses
$1,422,004 changed to $2,487,778
Management and general expenses
$180,731 changed to $235,385
Fundraising expenses
$63,068 changed to $172,869
Program service expenses (Part III)
$1,422,004 changed to $2,487,778

Listed only on the earlier return

  • Avraham Abba Mermelstein
  • Shamshon Pinter
  • Yitzchok Diamant

Listed only on the later return

  • Abraham Mermelstein
  • Isaac Diamant
  • Samson Pinter

Totals

Total revenue
$4,075,663
Total expenses
$2,896,032
Contributions and grants received
$2,273,713
Grants paid
$720,311
Program service revenue
$1,780,233
Investment income
$0
Other revenue
$21,717
Total assets, end of year
$4,942,903
Total liabilities, end of year
$511,466
Net assets or fund balances, end of year
$4,431,437
Program services expenses (Part IX)
$2,487,778
Management and general expenses
$235,385
Fundraising expenses
$172,869
Program service expenses (Part III)
$2,487,778

Program services were 85.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,273,713

  • 2a · Program service revenue: POST SECONDARY EDUCATION

    total $1,780,233 · related or exempt $1,780,233

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $21,717 · excluded $21,717

  • 11e · Other revenue, total

    $21,717

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,258 · program services $29,258

  • 2 · Grants to domestic individuals

    total $691,053 · program services $691,053

  • 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 $73,250 · program services $46,500 · management and general $26,750

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $561,261 · program services $465,046 · management and general $42,809 · fundraising $53,406

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $250,289 · program services $215,687 · management and general $14,602 · fundraising $20,000

  • 10 · Payroll taxes

    total $44,932 · program services $36,224 · management and general $4,926 · fundraising $3,782

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $44,151 · management and general $44,151

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $11,440 · program services $10,490 · management and general $950

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $20,501 · program services $20,327 · fundraising $174

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $103,991 · program services $93,844 · management and general $10,147

  • 23 · Insurance

    total $36,486 · program services $34,893 · management and general $901 · fundraising $692

  • 24a · Other expenses: FOOD

    total $458,155 · program services $458,155

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $135,731 · program services $135,731

  • 24c · Other expenses: UTILITIES

    total $135,352 · program services $132,698 · management and general $2,654

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $93,456 · fundraising $93,456

  • 24e · All other expenses

    total $206,726 · program services $117,872 · management and general $87,495 · fundraising $1,359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,818 · end of year $310,909

  • 2 · Savings and temporary cash investments

    beginning of year $5,989 · end of year $6,058

  • 3 · Pledges and grants receivable

    beginning of year $393,130 · end of year $408,059

  • 4 · Accounts receivable

    beginning of year $133,563 · end of year $90,469

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $17,000 · end of year $12,000

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $6,026,601

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

    $1,957,043

  • 10c · Land, buildings and equipment, net

    beginning of year $2,615,804 · end of year $4,069,558

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $45,850

  • 17 · Accounts payable and accrued expenses

    beginning of year $159,869 · end of year $314,073

  • 19 · Deferred revenue

    beginning of year $39,629 · end of year $47,393

  • 22 · Loans and payables to officers and key people

    end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,155,516 · end of year $4,279,044

  • 28 · Net assets with donor restrictions

    beginning of year $96,290 · end of year $152,393

Mission and programs · 2024

Mission

OPERATE AND MAINTAIN A COLLEGE LEVEL EDUCATIONAL INSTITUTION TEACHING TALMUDIC AND RABBINICAL STUDIES

  • PROVIDING POST SECONDARY EDUCATION

    Expenses $2,487,778 · Grants $720,311 · Revenue $1,780,233

As filed on the 2024 return.

Listed in Part VII

  • Nathan Stein

    President

    Total calculated
    $27,708
    From this org
    $27,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Rhonda Stein

    Treasurer

    Total calculated
    $16,188
    From this org
    $16,188
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Shimon Finkelman

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Aaron Sussman

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Mordechai Gottlieb

    Director

    Total calculated
    $0
    Hours/week
    1

  • Isaac Diamant

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eliyahu Jakobovits

    Director

    Total calculated
    $0
    Hours/week
    1

  • Abraham Mermelstein

    Director

    Total calculated
    $0
    Hours/week
    1

  • Samson Pinter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yechezkel Sauer

    Director

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.2
Source object
202630489349300413

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