Skip to content
Nonprofiteer
← EMET CLASSICAL ACADEMY

Form 990 for tax year 2024

Filed by EMET CLASSICAL ACADEMY.

Totals

Total revenue
$7,250,501
Total expenses
$3,513,315
Contributions and grants received
$5,943,235
Grants paid
$389,050
Program service revenue
$1,188,000
Investment income
$22,462
Other revenue
$96,804
Total assets, end of year
$5,923,839
Total liabilities, end of year
$2,186,653
Net assets or fund balances, end of year
$3,737,186
Program services expenses (Part IX)
$2,898,542
Management and general expenses
$515,055
Fundraising expenses
$99,718
Program service expenses (Part III)
$2,898,542

Program services were 82.5% 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

    $5,943,235

  • 2a · Program service revenue: TUITION AND FEES

    total $1,188,000 · related or exempt $1,188,000

  • 3 · Investment income

    total $22,462 · excluded $22,462

  • 11a · Other revenue: AFTER SCHOOL ACTIVITIE

    total $92,779 · related or exempt $92,779

  • 11b · Other revenue: APPLICATION FEES

    total $4,025 · related or exempt $4,025

  • 11e · Other revenue, total

    $96,804

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $389,050 · program services $389,050

  • 5 · Compensation of officers, directors and key employees

    total $431,802 · program services $269,671 · management and general $115,691 · fundraising $46,440

  • 7 · Other salaries and wages

    total $1,147,375 · program services $923,210 · management and general $182,851 · fundraising $41,314

  • 8 · Pension plan contributions

    total $26,185 · program services $25,649 · management and general $536

  • 9 · Other employee benefits

    total $106,616 · program services $96,273 · management and general $10,343

  • 10 · Payroll taxes

    total $121,343 · program services $104,466 · management and general $14,436 · fundraising $2,441

  • 11a · Fees: management

    total $228,007 · program services $228,007

  • 11b · Fees: legal

    total $57,865 · management and general $57,865

  • 11c · Fees: accounting

    total $28,742 · program services $14,693 · management and general $14,049

  • 12 · Advertising and promotion

    total $84,130 · program services $84,130

  • 13 · Office expenses

    total $39,162 · program services $24,440 · management and general $14,722

  • 14 · Information technology

    total $62,735 · program services $50,498 · management and general $12,237

  • 16 · Occupancy

    total $361,527 · program services $343,451 · management and general $18,076

  • 17 · Travel

    total $21,959 · program services $2,913 · management and general $9,523 · fundraising $9,523

  • 19 · Conferences, conventions and meetings

    total $3,738 · management and general $3,738

  • 23 · Insurance

    total $61,858 · program services $870 · management and general $60,988

  • 24a · Other expenses: EDUCATIONAL PROGRAMS

    total $267,191 · program services $267,191

  • 24b · Other expenses: RECRUITMENT

    total $52,364 · program services $52,364

  • 24c · Other expenses: A/V RECORDING

    total $16,797 · program services $16,797

  • 24d · Other expenses: PHOTO & VIDEO - PROGRAM

    total $2,194 · program services $2,194

  • 24e · All other expenses

    total $2,675 · program services $2,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,550,923

  • 3 · Pledges and grants receivable

    end of year $1,331,350

  • 4 · Accounts receivable

    end of year $1,082,550

  • 9 · Prepaid expenses and deferred charges

    end of year $99,433

  • 15 · Other assets

    beginning of year $0 · end of year $1,859,583

  • 17 · Accounts payable and accrued expenses

    end of year $87,593

  • 19 · Deferred revenue

    end of year $2,099,060

  • 27 · Net assets without donor restrictions

    end of year $18

  • 28 · Net assets with donor restrictions

    end of year $3,737,168

Mission and programs · 2024

Mission

EMET CLASSICAL ACADEMY IS COMMITTED TO THE PURSUIT OF HUMAN EXCELLENCE IN EVERY ACADEMIC AND CULTURAL FIELD AND THE PERPETUATION OF JEWISH, ZIONIST, AND AMERICAN EXCEPTIONALISM. SEE SCEDULE O.SCHOOL ACADEMIC PROGRAM FOCUSES ON THE BEST OF WESTERN CULTURE, THE FOUNDATIONAL IDEAS OF JEWISH CIVILIZATION, AND THE ADVANCED STUDY OF MATH, MODERN SCIENCE, ART, AND MUSIC. EMET WELCOMES FAMILIES OF ANY BACKGROUND AND AIMS TO PREPARE OUR STUDENTS FOR LIVES OF JEWISH PURPOSE AND CIVIC LEADERSHIP.

Activities or mission (Part I)

EMET CLASSICAL ACADEMY IS A JEWISH PREPARATORY SCHOOL FOR 5TH TO 12TH GRADERS IN MANHATTAN, NYC.

  • DURING THE 2024-25 SCHOOL YEAR, THE ORGANIZATION SUCCESSFULLY LAUNCHED ITS INAUGURAL ACADEMIC PROGRAM, SERVING 30 STUDENTS IN GRADES 5, 6, AND 9. THE SCHOOL RECRUITED, HIRED, AND ONBOARDED SEVEN FACULTY MEMBERS, AN ADMISSIONS PROFESSIONAL, AND THREE SUPPORT STAFF MEMBERS TO SUPPORT ITS EDUCATIONAL MISSION. OPERATING FROM TWO COMMUNITY-CENTER FACILITIES, THE ORGANIZATION SUCCESSFULLY TRANSFORMED THESE SPACES INTO FUNCTIONAL ACADEMIC ENVIRONMENTS. (SEE SCHEDULE O).FOUNDATIONAL GOVERNANCE AND OPERATIONAL SYSTEMS WERE ESTABLISHED, INCLUDING FACULTY, STUDENT, AND FAMILY HANDBOOKS, AS WELL AS COMPREHENSIVE POLICIES AND PROCEDURES. THE SCHOOL DEVELOPED AND IMPLEMENTED A COLLEGE-PREPARATORY CURRICULUM THAT INCLUDED ADVANCED-LEVEL COURSEWORK AND ESTABLISHED CORE TRADITIONS AND COMMUNITY NORMS, INCLUDING A DAILY ASSEMBLY FOCUSED ON REINFORCING JEWISH VALUES, CHARACTER DEVELOPMENT, AND COMMUNITY ENGAGEMENT. THESE EFFORTS LAID THE FOUNDATION FOR THE SCHOOL'S CONTINUED GROWTH AND LONG-TERM SUCCESS.

    Expenses $2,898,542 · Grants $389,050 · Revenue $1,284,804

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Cohen

    CEO AND CHAIRMAN

    Total calculated
    $928,681
    From this org
    $0
    From related orgs
    $881,060
    Other
    $47,621
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,000 related
    Bonus
    $0 + $281,060 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $33,821 related
    Filer's total
    $0 + $928,681 related

  • Rabbi Hershel Lutch

    SECRETARY AND TREASURER

    Total calculated
    $472,621
    From this org
    $0
    From related orgs
    $425,000
    Other
    $47,621
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,000 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $33,821 related
    Filer's total
    $0 + $472,621 related

  • Hon Elliott Abrams

    TRUSTEE

    Total calculated
    $140,000
    From this org
    $0
    From related orgs
    $140,000
    Other
    $0
    Hours/week
    1 + 3 related

  • Jack Chorowsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Clifford

    TRUSTEE

    Total calculated
    $396,181
    From this org
    $0
    From related orgs
    $350,000
    Other
    $46,181
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,396 related
    Nontaxable benefits
    $0 + $33,785 related
    Filer's total
    $0 + $396,181 related

  • Suzy Edelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jake Greenspan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jay Lefkowitz

    TRUSTEE FROM 5/2025

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Andrei Magasiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven Price

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Gary Rosenthal

    TRUSTEE UNTIL 5/2025

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Abraham Unger

    HEAD OF SCHOOL

    Total calculated
    $248,555
    From this org
    $225,000
    From related orgs
    $0
    Other
    $23,555
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,555
    Filer's total
    $248,555

  • Hanna Solomon

    EXECUTIVE DIRECTOR

    Total calculated
    $154,397
    From this org
    $150,000
    From related orgs
    $0
    Other
    $4,397
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,125
    Nontaxable benefits
    $272
    Filer's total
    $154,397

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 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.

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.

  • THE TIKVAH FUND

    501(C)(3) · ADVANCE JEWISH EXCELLENCE AND WESTERN CIVILIZATION THROUGH EDUCATION & IDEAS · NY

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202621969349301312

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.