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Nonprofiteer
← YESHIVA CHAYEI OLAM

Form 990 for tax year 2024

Filed by YESHIVA CHAYEI OLAM.

Totals

Total revenue
$1,043,041
Total expenses
$1,347,424
Contributions and grants received
$647,268
Grants paid
$45,572
Program service revenue
$395,773
Investment income
$0
Other revenue
$0
Total assets, end of year
$381,251
Total liabilities, end of year
$1,127,854
Net assets or fund balances, end of year
-$746,603
Program services expenses (Part IX)
$1,216,950
Management and general expenses
$101,314
Fundraising expenses
$29,160
Program service expenses (Part III)
$1,216,950

Program services were 90.3% 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.

  • 1e · Government grants (contributions)

    $120,854

  • 1f · All other contributions, gifts and grants

    $526,414

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $395,773 · related or exempt $395,773

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,572 · program services $43,572

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 5 · Compensation of officers, directors and key employees

    total $48,994 · program services $48,994

  • 7 · Other salaries and wages

    total $349,440 · program services $349,440

  • 9 · Other employee benefits

    total $158,316 · program services $158,316

  • 10 · Payroll taxes

    total $30,480 · program services $30,480

  • 11a · Fees: management

    total $37,583 · management and general $37,583

  • 11b · Fees: legal

    total $350 · management and general $350

  • 11c · Fees: accounting

    total $26,000 · management and general $26,000

  • 11g · Fees: other

    total $29,775 · management and general $17,275 · fundraising $12,500

  • 12 · Advertising and promotion

    total $565 · fundraising $565

  • 13 · Office expenses

    total $45,611 · program services $37,966 · management and general $7,645

  • 16 · Occupancy

    total $202,129 · program services $202,129

  • 17 · Travel

    total $15,571 · program services $9,475 · fundraising $6,096

  • 23 · Insurance

    total $7,477 · management and general $7,477

  • 24a · Other expenses: PARSONAGE

    total $164,478 · program services $164,478

  • 24b · Other expenses: GROCERIES & FOOD

    total $114,479 · program services $114,479

  • 24c · Other expenses: BUSSING

    total $42,898 · program services $42,898

  • 24d · Other expenses: EVENTS

    total $9,999 · fundraising $9,999

  • 24e · All other expenses

    total $17,707 · program services $12,723 · management and general $4,984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $673,072 · end of year $363,251

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

    $16,000

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

    $16,000

  • 15 · Other assets

    beginning of year $18,000 · end of year $18,000

  • 17 · Accounts payable and accrued expenses

    end of year $12,056

  • 23 · Secured mortgages and notes payable

    beginning of year $1,015,900 · end of year $1,015,900

  • 24 · Unsecured notes and loans payable

    beginning of year $66,239 · end of year $54,455

  • 25 · Other liabilities

    beginning of year $51,153 · end of year $45,443

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$442,220 · end of year -$746,603

Mission and programs · 2024

Mission

YESHIVA CHAYEI OLAM INC., WAS ESTABLISHED FOR THE PURPOSE OF HAVING AN ORTHODOX JEWISH HIGH SCHOOL. THE SCHOOL TEACHES TALUMDIC STUDIES, TALMUDIC JURASPRUDENCE, ORTHODOX JEWISH ETHICS AND THE OLD TESTAMENT. IN ADDITION, THE SCHOOL PROVIDES A SECULAR EDUCATION.

Activities or mission (Part I)

EDUCATIONAL AND RELIGIOUS

  • OPERATION OF RELIGOUS/PARIOCHIAL HIGH SCHOOL

    Expenses $1,216,950 · Grants $45,572 · Revenue $395,773

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

Listed in Part VII

  • RONALD D UNGAR

    SECRETARY/TR

    Total calculated
    $24,658
    From this org
    $24,658
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • ELY UNGAR

    PRESIDENT

    Total calculated
    $24,336
    From this org
    $24,336
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • ARON HEIZLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL KALISH

    VICE PRESIDE

    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
15 December 2025
IRS schema version
2024v5.0
Source object
202533519349300518

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