Form 990 for tax year 2022

Filed by FRISCH SCHOOL.

Totals

Total revenue: $34,345,592
Total expenses: $29,280,638
Contributions and grants received: $4,711,470
Grants paid: $4,912,209
Program service revenue: $28,674,716
Investment income: $270,219
Other revenue: $689,187
Total assets, end of year: $63,523,667
Total liabilities, end of year: $22,764,535
Net assets or fund balances, end of year: $40,759,132
Program services expenses (Part IX): $26,933,150
Management and general expenses: $1,794,080
Fundraising expenses: $553,408
Program service expenses (Part III): $26,933,150

Program services were 92.0% 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

$2,169,129
1e · Government grants (contributions)

$42,360
1f · All other contributions, gifts and grants

$2,499,981
1g · Noncash contributions included above

$70,672
2a · Program service revenue: TUITION REVENUE

total $27,482,030 · related or exempt $27,482,030
2b · Program service revenue: ANNUAL FAMILY OBLIGATIONS

total $639,186 · related or exempt $639,186
2c · Program service revenue: BUILDING AND CAPITAL ASSESSMENTS

total $553,500 · related or exempt $553,500
3 · Investment income

total $291,688 · excluded $291,688
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6a · Gross rents

real property $228,300
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $228,300 · personal property $0
6d · Net rental income or loss

total $228,300 · excluded $228,300
7a · Gross sales of assets other than inventory

securities $372,044
7b · Less cost or other basis and sales expenses

securities $393,513
7c · Gain or loss

securities -$21,469
7d · Net gain or loss

total -$21,469 · excluded -$21,469
8a · Fundraising events: gross income

$184,578
8a · Fundraising events: contributions included on line 1c

$2,169,129
8b · Fundraising events: direct expenses

$184,578
8c · Net income from fundraising events

total $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: YEARBOOK

total $109,544 · excluded $109,544
11b · Other revenue: APPLICATION FEES

total $68,550 · excluded $68,550
11c · Other revenue: OTHER

total $282,793 · excluded $282,793
11e · Other revenue, total

$460,887

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $4,912,209 · program services $4,912,209
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 $885,870 · program services $602,081 · management and general $263,719 · fundraising $20,070
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $14,508,409 · program services $13,144,870 · management and general $1,043,508 · fundraising $320,031
8 · Pension plan contributions

total $513,149 · program services $467,184 · management and general $34,948 · fundraising $11,017
9 · Other employee benefits

total $1,022,332 · program services $926,576 · management and general $73,895 · fundraising $21,861
10 · Payroll taxes

total $803,493 · program services $718,583 · management and general $67,208 · fundraising $17,702
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $97,791 · program services $93,001 · management and general $2,739 · fundraising $2,051
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $331,215 · program services $314,990 · management and general $9,277 · fundraising $6,948
12 · Advertising and promotion

total $288,533 · program services $274,399 · management and general $8,081 · fundraising $6,053
13 · Office expenses

total $666,306 · program services $633,667 · management and general $18,662 · fundraising $13,977
14 · Information technology

total $139,442 · program services $132,611 · management and general $3,905 · fundraising $2,926
15 · Royalties

total $0
16 · Occupancy

total $973,857 · program services $873,241 · management and general $71,244 · fundraising $29,372
17 · Travel

total $428,219 · program services $407,243 · management and general $11,994 · fundraising $8,982
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $425,571 · program services $381,100 · management and general $31,489 · fundraising $12,982
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $1,429,762 · program services $1,281,008 · management and general $105,329 · fundraising $43,425
23 · Insurance

total $119,065 · program services $113,233 · management and general $3,335 · fundraising $2,497
24a · Other expenses: STUDENT TRIPS AND ACTIVITIES

total $1,386,983 · program services $1,319,042 · management and general $38,847 · fundraising $29,094
24b · Other expenses: CAFETERIA EXPENSES

total $320,569 · program services $311,614 · management and general $5,120 · fundraising $3,835
24c · Other expenses: FUNDRAISING

total $27,863 · program services $26,498 · management and general $780 · fundraising $585

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $9,158,200 · end of year $6,582,955
2 · Savings and temporary cash investments

beginning of year $12,647,330 · end of year $4,640,392
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $41,768 · end of year $91,519
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $216,887 · end of year $204,197
10a · Land, buildings and equipment: cost or other basis

$54,791,617
10b · Land, buildings and equipment: accumulated depreciation

$19,656,923
10c · Land, buildings and equipment, net

beginning of year $35,854,698 · end of year $35,134,694
11 · Investments: publicly traded securities

beginning of year $377,471 · end of year $16,869,910
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $4,079,587 · end of year $4,297,429
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $2,828,317 · end of year $3,194,575
20 · Tax-exempt bond liabilities

beginning of year $15,656,984 · end of year $15,004,758
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $247,220 · end of year $267,773
27 · Net assets without donor restrictions

beginning of year $32,664,504 · end of year $36,872,580
28 · Net assets with donor restrictions

beginning of year $2,819,742 · end of year $3,886,552

Mission and programs · 2022

Mission

TO PROVIDE RELIGIOUS EDUCATION AND COLLEGE PREPARATORY COURSES TO HIGH SCHOOL STUDENTS.

Activities or mission (Part I)

TO PROVIDE RELIGIOUS EDUCATION AND COLLEGE PREPARTORY COURSES TO HIGH SCHOOL STUDENTS.

FRISCH'S CURRICULUM IS DESIGNED TO SPARK THE INTELLECTUAL INTERESTS OF OUR STUDENTS AND TO MOTIVATE THEIR CONTINUED ACADEMICS PURSUITS. OUR STUDENTS CHALLENGE THEMSELVES IN THEIR STUDIES AS THEY DEVELOP INTO CREATIVE AND INDEPENDENT THINKERS. (SEE SCHEDULE O)

Expenses $26,933,150 · Grants $4,912,209 · Revenue $28,674,716

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

David Blumenthal

Vice President

Total calculated

$0

Hours/week

1
Nathan Paul

IMMEDIATE PAST PRESIDENT

Total calculated

$0

Hours/week

1
Beth Bernstein

Secretary

Total calculated

$0

Hours/week

1
Dr Edward Lubat

PRESIDENT

Total calculated

$0

Hours/week

1
Steve Siegler

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Abraham G Cohen

VICE PRESIDENT

Total calculated

$0

Hours/week

1
KENNETH HOFFMAN

Treasurer

Total calculated

$0

Hours/week

1
CHAIM BIRMAN

TRUSTEE

Total calculated

$0

Hours/week

1
Paul Rolnick

TRUSTEE

Total calculated

$0

Hours/week

1
Hannah-Hean Brafman

TRUSTEE

Total calculated

$0

Hours/week

1
Benjamin Chouake

TRUSTEE

Total calculated

$0

Hours/week

1
Arthur Goldberg

TRUSTEE

Total calculated

$0

Hours/week

1
Irene Gottesman

TRUSTEE

Total calculated

$0

Hours/week

1
Martin Heistein

TRUSTEE

Total calculated

$0

Hours/week

1
Kevin Lemmer

TRUSTEE

Total calculated

$0

Hours/week

1
David Rauch

TRUSTEE

Total calculated

$0

Hours/week

1
Ronnie Schlussel

TRUSTEE

Total calculated

$0

Hours/week

1
Bennett Schachter

TRUSTEE

Total calculated

$0

Hours/week

1
RABBI HERBERT FRISCH

TRUSTEE

Total calculated

$0

Hours/week

1
Benjamin Breda

TRUSTEE

Total calculated

$0

Hours/week

1
Dr NATIE FOX

TRUSTEE

Total calculated

$0

Hours/week

1
ILANA GDANSKI

TRUSTEE

Total calculated

$0

Hours/week

1
Dr ROBYN HOROWITZ

TRUSTEE

Total calculated

$0

Hours/week

1
DR MONIQUE KATZ

TRUSTEE

Total calculated

$0

Hours/week

1
MEIR LEWIS

TRUSTEE

Total calculated

$0

Hours/week

1
Dr JACOB MARKOVITZ

TRUSTEE

Total calculated

$0

Hours/week

1
Dr LAWRENCE BERMAN

TRUSTEE

Total calculated

$0

Hours/week

1
SARAH SCHWARTZ

TRUSTEE

Total calculated

$0

Hours/week

1
DANIEL WOLF

TRUSTEE

Total calculated

$0

Hours/week

1
Edwin J Gerstley

Dir of Finance (See Sched O)

Total calculated

$0

Hours/week

40
ELI H CINER See Sched O

SCHOOL PRINCIPAL

Total calculated

$0

Hours/week

40
SHIRA A WEISS See Sched O

ADMISSIONS

Total calculated

$0

Hours/week

40
JOSHUA A WALD See Sched O

ASSOCIATE PRINCIPAL

Total calculated

$0

Hours/week

40
Mitchell Lipton See Sched O

Director of College Guidance

Total calculated

$0

Hours/week

40
Mildred Furman See Sched O

Chair - Science

Total calculated

$0

Hours/week

40
Elaine K Keigher

Math Faculty (See Sched o)

Total calculated

$0

Hours/week

40

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

3 · Compensation committee
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

The filer's explanations (Part III)

Form 990, Schedule J: COMPENSATION INFORMATION IS MADE AVAILABLE BY IN-PERSON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE AT 120 WEST CENTURY ROAD, PARAMUS, NJ 07652.

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: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202431359349311893

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