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← TALMUDIC RESEARCH CENTER OF NORTHERN NEW JERSEY

Form 990 for tax year 2023

Filed by TALMUDIC RESEARCH CENTER OF NORTHERN NEW JERSEY.

Totals

Total revenue
$6,130,691
Total expenses
$6,357,977
Contributions and grants received
$4,463,646
Grants paid
$2,684
Program service revenue
$1,216,535
Investment income
$37,472
Other revenue
$413,038
Total assets, end of year
$5,315,439
Total liabilities, end of year
$534,384
Net assets or fund balances, end of year
$4,781,055
Program services expenses (Part IX)
$5,666,868
Management and general expenses
$462,458
Fundraising expenses
$228,651
Program service expenses (Part III)
$5,666,868

Program services were 89.1% 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

    $1,480,000

  • 1f · All other contributions, gifts and grants

    $2,983,646

  • 2a · Program service revenue: TUITION & DORMITORY FE

    total $1,216,535 · related or exempt $1,216,535

  • 3 · Investment income

    total $37,472 · excluded $37,472

  • 6a · Gross rents

    real property $75,280

  • 6b · Less rental expenses

    real property $129,244

  • 6c · Rental income or loss

    real property -$53,964

  • 6d · Net rental income or loss

    total -$53,964 · unrelated business -$53,964

  • 8a · Fundraising events: gross income

    $681,608

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

    $1,480,000

  • 8b · Fundraising events: direct expenses

    $214,606

  • 8c · Net income from fundraising events

    total $467,002 · excluded $467,002

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,684 · program services $2,684

  • 5 · Compensation of officers, directors and key employees

    total $276,703 · program services $181,517 · management and general $55,341 · fundraising $39,845

  • 7 · Other salaries and wages

    total $1,004,528 · program services $760,227 · management and general $140,634 · fundraising $103,667

  • 9 · Other employee benefits

    total $855,953 · program services $708,729 · management and general $85,595 · fundraising $61,629

  • 10 · Payroll taxes

    total $75,157 · program services $51,768 · management and general $13,528 · fundraising $9,861

  • 11c · Fees: accounting

    total $9,500 · management and general $9,500

  • 12 · Advertising and promotion

    total $42 · management and general $42

  • 13 · Office expenses

    total $99,683 · program services $13,765 · management and general $78,185 · fundraising $7,733

  • 14 · Information technology

    total $5,005 · management and general $4,104 · fundraising $901

  • 16 · Occupancy

    total $409,094 · program services $355,912 · management and general $53,182

  • 17 · Travel

    total $12,380 · management and general $7,428 · fundraising $4,952

  • 20 · Interest

    total $1,194 · program services $988 · management and general $143 · fundraising $63

  • 22 · Depreciation, depletion and amortization

    total $136,588 · program services $136,588

  • 23 · Insurance

    total $121,219 · program services $106,443 · management and general $14,776

  • 24a · Other expenses: SCHOLARSHIPS AND FELLOW

    total $2,841,760 · program services $2,841,760

  • 24b · Other expenses: ROOM AND BOARD

    total $506,487 · program services $506,487

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $451,792 · end of year $194,813

  • 2 · Savings and temporary cash investments

    beginning of year $1,571,653 · end of year $1,002,325

  • 4 · Accounts receivable

    beginning of year $441,564 · end of year $807,722

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

    $11,596,007

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

    $8,377,878

  • 10c · Land, buildings and equipment, net

    beginning of year $3,156,305 · end of year $3,218,129

  • 15 · Other assets

    beginning of year $79,027 · end of year $92,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,647 · end of year $105,160

  • 23 · Secured mortgages and notes payable

    beginning of year $198,129 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $429,224 · end of year $429,224

  • 27 · Net assets without donor restrictions

    beginning of year $5,008,341 · end of year $4,781,055

Mission and programs · 2023

Mission

TALMUDIC RESEARCH CENTER OF NORTHERN NEW JERSEY SEEKS TO TRAIN ITS STUDENTS WITH THE SKILLS OF UNDERSTANDING AND MASTERING THE TALMUD . IT ALSO TRAINS ITS STUDENTS WITH CLASSES IN JEWISH THOUGHT AND PROPER ETHICAL AND MORAL CONCEPTS OF JUDAISM.

Activities or mission (Part I)

TO CONDUCT ADVANCED THEOLOGICAL SEMINARY FOR ORTHODOX JEWISH STUDENTS TO TRAIN THEM FOR THE RABBINATE AND COMMUNITY LEADERSHIP

  • ORGANIZATION CONDUCTS ADVANCED THEOLOGICAL SEMINARY FOR TRAINING ORTHODOX JEWISH STUDENTS

    Expenses $5,666,868 · Grants $2,684 · Revenue $1,139,053

As filed on the 2023 return.

Listed in Part VII

  • Rabbi Meir Stern

    PRESIDENT AND DEAN

    Total calculated
    $74,500
    From this org
    $61,500
    From related orgs
    $0
    Other
    $13,000
    Hours/week
    40
  • Rabbi Shalom G Stern

    SECRETARY

    Total calculated
    $104,144
    From this org
    $92,144
    From related orgs
    $0
    Other
    $12,000
    Hours/week
    35
  • Rabbi Yechiel M Mintz

    VICE PRESIDENT

    Total calculated
    $115,459
    From this org
    $110,059
    From related orgs
    $0
    Other
    $5,400
    Hours/week
    35

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.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202511289349303636

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