BEN PORAT YOSEF INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- BEN PORAT YOSEF INC (EIN 22-3688043)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-11
- IRS object ID
- 201801319349301655
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-11T07:43:36-07:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERDON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 360 MADISON AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223688043 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEN PORAT YOSEF INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BENP | BusinessNameControlTxt |
| Phone | 2018455007 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 FRISCH COURT | AddressLine1Txt |
| City | PARAMUS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07652 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL COHEN | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2018-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | J D GOLUB | PreparerPersonNm |
| PTIN | P01261900 | PTIN |
| Phone | 2128320400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL COHEN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,938,057 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BENPORATYOSEF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | BEN PORAT YOSEF IS AN ORTHODOX YESHIVA DAY SCHOOL THAT STRIVES EACH DAY TO:1) DEVELOP EACH CHILD'S AHAVAT HASHEM AND YIRAT HASHEM2) INSPIRE CHALLENGE, AND ENGAGE EACH LEARNER3) CELEBRATE AND TRANSMIT OUR SEPHARDIC AND ASHKENAZIC IDENTITY AND LOVE OF AM ISREAL, ERETZ YISRAEL, AND MEDINAT YISREAL4) EMPOWER AND CONNECT STUDENTS THROUGH HEBREW LANGUAGE FLUENCY5) BUILD A WARM, CARING, AND DEVOTED COMMUNITY DEDICATED TO NUTURING EMPATHIC, HAPPY, AND SELF-FULFILLED HUMAN BEINGS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 219 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $573,107 | PYContributionsGrantsAmt |
| CY Contributions Grants | $894,176 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,347,338 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,942,609 | CYProgramServiceRevenueAmt |
| PY Investment Income | $230 | PYInvestmentIncomeAmt |
| CY Investment Income | $12 | CYInvestmentIncomeAmt |
| PY Other Revenue | $121,981 | PYOtherRevenueAmt |
| CY Other Revenue | $61,380 | CYOtherRevenueAmt |
| PY Total Revenue | $8,042,656 | PYTotalRevenueAmt |
| CY Total Revenue | $8,898,177 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,528,145 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,376,698 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $137,169 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,168,831 | PYOtherExpensesAmt |
| CY Other Expenses | $2,228,348 | CYOtherExpensesAmt |
| PY Total Expenses | $7,696,976 | PYTotalExpensesAmt |
| CY Total Expenses | $8,605,046 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $345,680 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $293,131 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $10,896,452 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,126,855 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,821,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,788,604 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,074,605 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,338,251 | NetAssetsOrFundBalancesEOYAmt |
| Mission | BEN PORAT YOSEF IS AN ORTHODOX YESHIVA DAY SCHOOL THAT STRIVES EACH DAY TO:1) DEVELOP EACH CHILD'S AHAVAT HASHEM AND YIRAT HASHEM2) INSPIRE CHALLENGE, AND ENGAGE EACH LEARNER3) CELEBRATE AND TRANSMIT OUR SEPHARDIC AND ASHKENAZIC IDENTITY AND LOVE OF AM ISREAL, ERETZ YISRAEL, AND MEDINAT YISREAL4) EMPOWER AND CONNECT STUDENTS THROUGH HEBREW LANGUAGE FLUENCY5) BUILD A WARM, CARING, AND DEVOTED COMMUNITY DEDICATED TO NUTURING EMPATHIC, HAPPY, AND SELF-FULFILLED HUMAN BEINGS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $5,902,177 | ExpenseAmt |
| Revenue | $7,222,400 | RevenueAmt |
| Desc | TO ESTABLISH AND MAINTAIN A NONPROFIT, COEDUCATIONAL, ORTHODOX SCHOOL. SCHOOL IS CONDUCTED 4 DAYS A WEEK FROM 8:30 TO 3:30PM AND ONE DAY A WEEK FROM 8:30-2:00 PM. THERE ARE TWELVE GRADES SERVING 462 CHILDREN. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $392,287 | ExpenseAmt |
| Revenue | $720,209 | RevenueAmt |
| Desc | School programs and actvities. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $6,294,464 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 26 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 219 | EmployeeCnt |
| Employment Tax Returns Filed | false | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | false | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Shoshi Ryp | PersonNm |
| Phone | 2018455007 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 FRISCH COURT | AddressLine1Txt |
| City | PARAMUS | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07652 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| DANIEL COHEN | |||||||||
| President | 15.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| URI MOCHE | |||||||||
| Vice President | 10.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MARK WEINBERGER | |||||||||
| Vice President | 10.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ASHER TOPOROVSKY | |||||||||
| Treasurer | 10.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOSHUA DRAZEN | |||||||||
| Secretary | 10.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| OREN ADLER | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NAFTALI COHEN | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID BREAU | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHAUL COHEN | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SAMANTHA KATZ | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHOSHANA POUPKO | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHIRA SCHIOWITZ | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CORI A ROBINSON | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RACHEL BARBER SCHWARTZ | |||||||||
| Trustee | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Steve Lorch | |||||||||
| HEAD OF SCHOOL | 40.00 | 0.00 | $77,172 | $0 | $7,975 | Yes (X) | |||
| NORMAN FERSTENBERG | |||||||||
| DIRECTOR OF FINANCE | 40.00 | 0.00 | $104,040 | $0 | $5,115 | Yes (X) | |||
| REBECCA HIRSCHFIELD | |||||||||
| GENERAL STUDIES PRINICPAL | 40.00 | 0.00 | $113,143 | $0 | $0 | Yes (X) | |||
| JESSICA KOHN | |||||||||
| ASSOCIATE PRINICPAL | 40.00 | 0.00 | $124,706 | $0 | $6,880 | Yes (X) | |||
| Tomer Ronen | |||||||||
| Former Principal | 0.00 | 0.00 | $92,258 | $0 | $62,500 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $511,319 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $82,470 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KOSHER EXPERIENCE | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 306 MAIN AVE | AddressLine1Txt |
| City | CLIFTON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | FOOD SUPPLIER | ServicesDesc |
| Compensation | $175,688 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $128,215 | FundraisingAmt |
| Government Grants | $137,777 | GovernmentGrantsAmt |
| All Other Contributions | $628,184 | AllOtherContributionsAmt |
| Noncash Contributions | $220,315 | NoncashContributionsAmt |
| Total Contributions | $894,176 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM ACTIVITIES | 611600 | $720,209 | $720,209 |
| TUITION AND REGISTRATION | 611600 | $7,222,400 | $7,222,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,942,609 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12 | TotalRevenueColumnAmt |
| Exclusion | $12 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $84,920 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $7,692 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $77,228 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,228 | TotalRevenueColumnAmt |
| Exclusion | $77,228 | ExclusionAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $16,340 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $128,215 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $32,188 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$15,848 | TotalRevenueColumnAmt |
| Exclusion | -$15,848 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,898,177 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,942,609 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $61,392 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $593,789 | TotalAmt |
| Program Services | $414,103 | ProgramServicesAmt |
| Management And General | $167,445 | ManagementAndGeneralAmt |
| Fundraising | $12,241 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,601,574 | TotalAmt |
| Program Services | $3,209,098 | ProgramServicesAmt |
| Management And General | $1,297,617 | ManagementAndGeneralAmt |
| Fundraising | $94,859 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $860,768 | TotalAmt |
| Program Services | $586,781 | ProgramServicesAmt |
| Management And General | $255,323 | ManagementAndGeneralAmt |
| Fundraising | $18,664 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,567 | TotalAmt |
| Program Services | $222,542 | ProgramServicesAmt |
| Management And General | $91,347 | ManagementAndGeneralAmt |
| Fundraising | $6,678 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,952 | TotalAmt |
| Management And General | $200,952 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,339 | TotalAmt |
| Program Services | $16,339 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,107 | TotalAmt |
| Management And General | $50,107 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,338 | TotalAmt |
| Program Services | $10,338 | ProgramServicesAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,565 | TotalAmt |
| Program Services | $274,138 | ProgramServicesAmt |
| Management And General | $14,427 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $378,708 | TotalAmt |
| Program Services | $359,387 | ProgramServicesAmt |
| Management And General | $19,321 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,793 | TotalAmt |
| Program Services | $81,503 | ProgramServicesAmt |
| Management And General | $3,432 | ManagementAndGeneralAmt |
| Fundraising | $858 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CLUBS AND ACTIVITIES | $392,287 | $392,287 | ||
| BUILDING MAINTENANCE SERVICE | $187,364 | $183,616 | $1,874 | $1,874 |
| food costs | $175,688 | $175,688 | ||
| UTILITIES | $152,520 | $144,894 | $6,101 | $1,525 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,687 | TotalAmt |
| Program Services | $223,750 | ProgramServicesAmt |
| Management And General | $65,467 | ManagementAndGeneralAmt |
| Fundraising | $470 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,605,046 | TotalAmt |
| Program Services | $6,294,464 | ProgramServicesAmt |
| Management And General | $2,173,413 | ManagementAndGeneralAmt |
| Fundraising | $137,169 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,342 | BOYAmt |
| EOY | $160,420 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,576 | BOYAmt |
| EOY | $100,375 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,779 | BOYAmt |
| EOY | $79,632 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $92,986 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,569 | BOYAmt |
| EOY | $25,250 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,765,100 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,099,128 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,373,689 | BOYAmt |
| EOY | $10,665,972 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,097 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,400 | BOYAmt |
| EOY | $2,220 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,896,452 | BOYAmt |
| EOY | $11,126,855 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $739,595 | BOYAmt |
| EOY | $897,620 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,275,480 | BOYAmt |
| EOY | $1,206,741 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,806,772 | BOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $62,500 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $7,568,071 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $53,672 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,821,847 | BOYAmt |
| EOY | $9,788,604 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,074,605 | BOYAmt |
| EOY | $1,338,251 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,074,605 | BOYAmt |
| EOY | $1,338,251 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,896,452 | BOYAmt |
| EOY | $11,126,855 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $293,131 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $220,315 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$249,800 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,000,000 | OtherCostOrOtherBasisAmt |
| Book Value | $1,000,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,821,279 | OtherCostOrOtherBasisAmt |
| Depreciation | $621,894 | DepreciationAmt |
| Book Value | $9,199,385 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $400,330 | OtherCostOrOtherBasisAmt |
| Depreciation | $254,949 | DepreciationAmt |
| Book Value | $145,381 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $543,491 | OtherCostOrOtherBasisAmt |
| Depreciation | $222,285 | DepreciationAmt |
| Book Value | $321,206 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,665,972 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,938,056 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $220,315 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $39,879 | OtherRevenueAmt |
| Revenue Not Reported | $260,194 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,677,862 | RevenueSubtotalAmt |
| Other Revenues Not Included | $220,315 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $220,315 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,898,177 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,674,410 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $15,384 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $66,664 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $82,048 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,592,362 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $12,684 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $12,684 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,605,046 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X : FIN48 Footnote | BPY is A not-for-profit Corporation and qualifies as a charitable tax-exempt organization in accordance with the applicable provisions of the Internal Revenue Code (IRC), and is exempt from federal income taxes under IRC Section 501 (C)(3).Accounting principles generally accepted in the United States of America require evaluation of the tax positions taken or expected to be taken in the course of preparing BPY's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not to be realizable. Tax positons not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes the effects of any such positions would be immaterial to the overall financial statements. BPY's federal and state income tax returns after the year 2013 remain subject to examination by the relevant taxing authorities. |
| Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 | depreciation allocation $7692 special events $32187 |
| Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S | NET ASSET ADJUSTMENT $220315 |
| Part XII, Line 2d: Other expenses and losses per audited F/S | ALLOWANCE FOR DOUBTFUL ACCOUNTS $34476 Fundraising expenses $32188 |
| Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | NET ASSET ADJUSTMENT-LECTURES $4992 ALLOCATED depreciation $7692 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | false | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | false | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | false | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | false | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency | GRANT FROM THE PARAMUS BOARD OF EDUCATION FOR BUILDING SECURITY IN THE AMOUNT OF $71,500. |
| Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized | APPROPRIATE PUBLICITY AND DISCLOSURES MADE IN ALL INSTANCES THAT ARE RELEVANT AS THIS IS AN INSTITUTION FOR CHILDREN OF THE ORTHODOX JEWISH FAITH. |
| Schedule E, Line 4 - Explanation of Records and Materials Not Maintained | IT IS A SCHOOL WHOSE STUDENT POPULATION IS COMPRISED OF CHILDREN OF THE ORTHODOX JEWISH FAITH. |
| Schedule E, Line 5 - Explanation of Organization Discrimination by Race |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agrmt Prof Fundraising Acty | false | AgrmtProfFundraisingActyInd |
| Licensed States | NJ | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | READATHON | Event1Nm |
| Gross Receipts Event1 | $93,546 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $78,992 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $14,554 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $14,554 | OtherDirectExpensesEvent1Amt |
| Event2 | ANNUAL DINNER | Event2Nm |
| Gross Receipts Event2 | $51,009 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $49,223 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $1,786 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $1,400 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $13,101 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $3,133 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $144,555 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $128,215 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $16,340 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $1,400 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $13,101 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $17,687 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $32,188 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$15,848 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
| Rebuttable Presumption Proc | false | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tomer Ronen | PersonNm |
| Title | Former Principal | TitleTxt |
| Base Compensation Filing Org | $45,408 | BaseCompensationFilingOrgAmt |
| Other Compensation Filing Org | $46,850 | OtherCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $62,500 | DeferredCompensationFlngOrgAmt |
| Total Compensation Filing Org | $154,758 | TotalCompensationFilingOrgAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part III, Additional Information | FormAndLineReferenceDesc |
| Explanation | EFFECTIVE JULY 2016 THE BOARD DID NOT RENEW RABBI TOMER RONEN'S CONTRACT.HE WAS REPLACED BY STEVEN LORCH, WHOSE EMPLOYMENT BEGAN ON August 1, 2016. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NJ ECONOMIC DEV AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 222045817 | BondIssuerEIN |
| Bond Issued | 2015-04-15 | BondIssuedDt |
| Issue Price | $8,010,000 | IssuePriceAmt |
| Purpose | TO ACQUIRE SCHOOL BUILDING | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $516,382 | RetiredAmt |
| Total Proceeds | $8,010,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $12,998 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $7,997,002 | CapitalExpendituresAmt |
| Substantial Completion | 2015 | SubstantialCompletionYr |
| Current Refunding | false | CurrentRefundingInd |
| Advance Refunding | false | AdvanceRefundingInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | false | EngageBondCounselContractsInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Remedial Action Taken | false | RemedialActionTakenInd |
| Procs Nonqualified Bond Remdtd | false | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (true) | RebateNotDueYetInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Superintegrated Hedge | false | SuperintegratedHedgeInd |
| Hedge Terminated | false | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
GIC Provider Name GICProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Regulatory Safe Harbor Stsfd | false | RegulatorySafeHarborStsfdInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | false | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part VI | FormAndLineReferenceDesc |
| Explanation | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (NJEDA) TAX EXEMPT BONDSON APRIL 15, 2015 PURSUANT TO THE PROVISIONS OF THE BOND AGREEMENT THE NJEDA RELEASED $8,010,000 TO THE STERLING NATIONAL BANK WHICH IN TURN DISBURSED THE NET PROCEEDS TO ACQUIRE THE BUILDING PURCHASED BY THE ORGANIZATION, HEREINAFTER DESCRIBED AS THE BEN PORAT YOSEF, INC-2015 PROJECT. INTERESTCOMMENCING ON THE DATE APRIL 15, 2015 AND CONTINUING HEREAFTER THROUGH AND INCLUDING THE MATURITY DATE, THE OUTSTANDING PRINICPAL BALANCE OF THE BOND SHALL BEAR INTEREST AT ANNUAL FIXED RATE OF 3.661%, PROVIDED THAT THE INTEREST RATE ON THE BOND SHALL BE SUBJECT TO ADJUSTMENT AS OF APRIL 1, 2030 (RESET DATE) IN ACCORDANCE WITH THE TERMS OF THIS BOND.THE INITIAL RATE WILL BE SUBJECT TO ADJUSTMENT TO A FIXED PER ANNUM RATE EQUAL TO THE TAX-EXEMPT EQUIVALENT OF THE SUM OF THE SPREAD PLUS THE INDEX RATE AS OF THE RESET DATE, BY WRITTEN NOTICE GIVEN BY THE PURCHASER TO THE BORROWER 7 BUSINESS DAYS PRIOR TO THE RESET DATE. ALL INTEREST ON THE PRINICPAL AMOUNT DUE UNDER THIS BOND SHALL BE COMPUTED ON A 365/360 BASIS; THAT IS,BY APPLYING THE RATIO OF THE INTEREST RATE OVER A YEAR OF 360 DAYS, MULTIPLIED BY THE OUTSTANDING PRINICPAL BALANCE, MULTIPLIED BY THE ACTUAL NUMBER OF DAYS THE PRINICPAL BALANCE IS OUTSTANDING. THE INITIAL RATE AND THE RESET RATE,AS CALCUATED BY THE PURCHASER,SHALL BE UTLITIZED ABSENT MANIFEST ERROR.REPAYMENTCOMMENCING ON JUNE 1, 2015 AND ON THE 1ST DAY OF EACH MONTH THEREFTER (EACH A"PAYMENT DATE")THROUGH AND INCLUDING APRIL 1, 2040 (THE "MATURITY DATE"), THE NJEDA SHALL MAKE CONSECUTIVE MONTHLY PAYMENTS OF PRINICPAL AND INTEREST IN THE AMOUNT OF $41,115.02, PROVIDED THAT ON THE MATURITY DATE THE FINAL PAYMENT SHALL BE IN THE AMOUNT OF $41,111.58, PROVIDED THAT THE AMOUNT OF SUCH PRINICPAL AND INTEREST PAYMENTS SHALL BE SUBJECT TO ADJUSTMENT AS PROVIDED BELOW.UPON AN INTEREST RATE RESET AS OF THE RESET DATE, COMMENCING ON APRIL 1,2030 AND CONTINUING ON EACH PAYMENT DATE THEREAFTER, THE AUTHORITY SHALL MAKE EQUAL CONSECUTIVE MONTHLY PAYMENTS OF PRINICPAL AND INTEREST UTILIZING (A) A FIXED INTEREST RATE AND (B) AN AMORTIZATION SCHEUDLE FOR THE REMAINING TERM OF THIS BOND, PROVIDED THAT SUCH PAYMENT AMOUNT SHALL BE SUBJECT TO ADJUSTMENT.MORTGAGE AND SECURITY AGREEMENTON APRIL 15, 2015, STERLING BANK, AGREED TO PURCHASE THE AUTHORITY'S (NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY) BONDS (AS DEFINED IN THE BOND AGREEMENT) IN ORDER TO PROVIDE THE AUTHORITY WITH THE FUNDS NECESSARY TO MAKE THE LOAN TO THE BORROWER-MORTGAGOR, BEN PORAT YOSEF, INC.PURSUANT TO THE AFORMENTIONED PURCHASE AGREEMENT,ON APRIL 15, 2015, THE AUTHORITY AGREED TO LEND TO THE MORTGAGOR, BEN PORAT YOSEF, INC. THE SUM OF $8,010,000, TO FINANCE THE ACQUISITION OF THE LAND AND BUILDING LOCATED AT 243 FRISCH COURT (BLOCK 1411, LOT 8) IN THE BOROUGH OF PARAMUS BERGEN COUNTY NEW JERSEY, WHICH WAS ORIGINALLY LEASED BY THE ORGANIZATION AS A SCHOOL. THE PROCEEDS WERE ALSO TO BE USED TO PAY DOWN EXISTING INDEBTEDNESS OF THE BORROWER RELATIVE TO THE LAND AND BUILDING AND TO PAY CERTAIN PROJECT COSTS ASSOCIATED WITH ISSUING THE BONDS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Breau | PersonNm |
| Relationship With Org | board member(NOTE1) | RelationshipWithOrgTxt |
| Loan Purpose | tuition | LoanPurposeTxt |
| Loan To Organization | Yes (X) | LoanToOrganizationInd |
| Original Principal | $143,859 | OriginalPrincipalAmt |
| Balance Due | $92,986 | BalanceDueAmt |
| Default | Yes (true) | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $92,986 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tomer Ronen | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FormER Prin.(NOTE2) | RelationshipDescriptionTxt |
| Transaction | $62,500 | TransactionAmt |
| Transaction | Severance package | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part V Supplemental Information | FormAndLineReferenceDesc |
| Explanation | (NOTE 1) DAVID BREAU IS THE FORMER SECRETARY AND A CURRENT VOTING MEMBER OF THE BOARD of Directors. AS A PARENT OF An enrolled STUDENT, HE RECEIEVED a TUITION LOAN FROM THE SCHOOL. THE ORIGINAL LOAN AMOUNT WAS $143,859 OF WHICH $60,000, HAS BEEN PAID.THE PRINCIPAL BALANCE OWED IS $83,859. THE ORGANIZATION AND MR. BREAU SIGNED A PROMISSORY NOTE WHICH CARRIES AN INTEREST RATE OF 1.18% PER ANNUM (THE SHORT-TERM APPLICABLE FEDERAL RATE AT JUNE 15, 2017), THE TOTAL AMOUNT OWED ON THE PROMISSORY NOTE INCLDUING INTEREST IS $92,986.(NOTE 2) EFFECTIVE JULY 2016, THE BOARD DID NOT RENEW RABBI TOMER Ronen'S CONTRACT AS PRINCIPAL.RABBI RONEN RECEIVED COMPENSATION AMOUNTING TO $92,258 FOR THE PERIOD PRIOR TO HIS TERMINATION. PURSUANT TO A WRITTENT CONTRACT AND LEGAL SETTLEMENT, THE ORGANIZATION PROVIDED HIM WITH a severance package FOR AN ORIGINAL AMOUNT OF $62,500, WHICH IS INCLUDED AS ACCRUED EXPENSES IN THE STATEMENT OF FUNCTIONAL EXPENSES, FED 990 PAGE 10. THE CURRENT OUTSTANDING BALANCE OWED TO RABBI RONEN AS OF THE FISCAL YEAR-END IS $62,500, REPORTED ON THE FED 990 BALANCE SHEET PART X PAGE 11 LINE 22, AMOUNTS OWED TO FORMER EMPLOYEES. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | BOILERS AND RELATED ENERGE EFF | 1 | $204,931 | ESTIMATED FMV |
| Yes (X) | Lectures | 1 | $4,992 | FMV |
| Yes (X) | Consulting-Lectures | 1 | $10,392 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents | IN 2015, THE SCHOOL FILED A RESTATED CERTIFICATE OF INCORPORATION AND AMENDED ITS BYLAWS IN ORDER TO BRING THEM UP TO BEST PRACTICES FOR A NONPROFIT EDUCATIONAL INSTITUITION OF THE SCHOOL'S SIZE AND BUDGET. THE CHANGES TO THESE GOVERNING DOCUMENTS INCLUDE, AMONG OTHER THINGS, MORE ROBUST GOVERNANCE AND CONFLICTS OF INTEREST PROCEDURES, MORE CLEARLY DEFINED BOARD COMMITTEES, THE ADOPTION OF TRUSTEE TERM LIMITS, AND THE IMPLEMENTATION OF STAGGERED BOARD PROCEDURES. THESE GOVERNING DOCUMENTS HAD NOT BEEN UPDATED FOR APPROXIMATELY 10 YEARS, DURING WHICH TIME THE SCHOOL'S STUDENT BODY, STAFF, AND BUDGET MULTIPLIED SEVERAL TIMES. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE TAX RETURNS ARE REVIEWED BY THE ORGANIZATION'S TREASURER IN COLLABORATION WITH THE ORGANIZATION'S OUTSIDE INDEPENDENT CPAS. THEY ARE ALSO PRESENTED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | BAD DEBTS ADJUSTMENT-ALLOWANCE FOR DOUBTFUL ACCOUNT = -$34477 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | IN-KIND CONTRIBUTIONS = -$220315 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | NET ASSET ADJUSTMENT-LECTURES = $4992 |
| JUDAIC STUDIES PRINCIPAL | DR. CHAGIT HADAR HAS JOINED THE SCHOOL AFTER JUNE 30, 2017, THE FISCAL YEAR-END. |
| Principal AND THE HEAD OF THE SCHOOL | RABBI Saul Zucker HAS BECOME THE HEAD OF THE SCHOOL AFTER JUNE 30, 2017, THE FISCAL YEAR END PERIOD. |
| Prior year OFFICER | CHERYL ROSENBERG, AN OFFICER AND VOTING TRUSTEE DURING THE PREVIOUS FISCAL YEAR PERIOD, TERMINATED HER ROLE AS PRESIDENT AND INDEPENDENT VOTING BOARD MEMBER in June 2016, because she was elected as councilwoman in her town and COULD NO LONGER DEVOTE TIME TO THE SCHOOL. |