2014-02-13T15:13:01-06:00 2013-06-30 311282719 NORMAN JONES ENLOW & CO 226 N FIFTH STREET SUITE 500 COLUMBUS OH 43215 990 2012-07-01 314428025 COLUMBUS TORAH ACADEMY COLU 6148640299 181 NOE BIXBY ROAD COLUMBUS OH 43213 DAN CHASE 6148640299 2014-02-13 ANDREW COEN P01352510 6142284000 2012 2015-11-30 17:44:51Z DAN CHASE 143 ROOSEVELT AVENUE COLUMBUS OH 43209 7619324 0 X WWW.TORAHACADEMY.ORG X 1958 OH COLUMBUS TORAH ACADEMY IS A CO-EDUCATIONAL, ORTHODOX JEWISH DAY SCHOOL LOCATED IN COLUMBUS, OHIO, BENEFITING THE ENTIRE JEWISH COMMUNITY IN CENTRAL OHIO. THE MISSION IS TO PROVIDE A STRONG, COMPREHENSIVE JEWISH EDUCATION, WITHIN AN ORTHODOX FRAMEWORK, THAT INSPIRES LEARNING, LIVING AND GROWING IN JUDAISM; PROVIDE A BROAD BASED, HIGH QUALITY, SECULAR EDUCATION DESIGNED TO IMPART THE CRITICAL EDUCATIONAL AND LEARNING SKILLS THAT ARE NECESSARY TO MEET THE STUDENT'S FUTURE EDUCATIONAL AND/OR VOCATIONAL CHALLENGES. 24 24 89 65 0 0 1460990 1492437 1412433 1465660 9703 263120 204637 388776 3087763 3609993 0 0 0 0 2669607 2490812 0 0 0 543783 752935 3213390 3243747 -125627 366246 8093446 9199781 1233008 849875 6860438 8349906 X THE MISSION IS TO PROVIDE A STRONG, COMPREHENSIVE JEWISH EDUCATION, WITHIN AN ORTHODOX FRAMEWORK, THAT INSPIRES LEARNING, LIVING AND GROWING IN JUDAISM; PROVIDE A BROAD BASED, HIGH QUALITY, SECULAR EDUCATION DESIGNED TO IMPART THE CRITICAL EDUCATIONAL AND LEARNING SKILLS THAT ARE NECESSARY TO MEET THE STUDENT'S FUTURE EDUCATIONAL AND/OR VOCATIONAL CHALLENGES. 0 0 2656915 1465660 ELEMENTARY AND HIGH SCHOOL EDUCATION GRADES KINDERGARTEN THROUGH TWELFTH GRADE. 2656915 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 89 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 1 1 1 0 1 0 1 0 1 0 1 0 0 OH X NORMAN LEIST 6148640299 181 NOE BIXBY ROAD COLUMBUS OH 43213 DAN CHASE 5.00 X X 0 0 0 SARAH BLUMENFELD 5.00 X X 0 0 0 DAVID BERNZWEIG 5.00 X X 0 0 0 ALIZA FINEGOLD 5.00 X X 0 0 0 JEFF KOPPES 5.00 X X 0 0 0 BOB LANE 5.00 X X 0 0 0 JONATHAN HARTSTEIN 5.00 X X 0 0 0 JEFF POLSTER 5.00 X X 0 0 0 GARY BLUMBERG 5.00 X 0 0 0 LAURA NUTIS 5.00 X 0 0 0 ALLARD DEMBE 5.00 X 0 0 0 BOB GOLDSTEIN 5.00 X 0 0 0 SKIP PARKS 5.00 X 0 0 0 JONATHAN GISSER MD 5.00 X 0 0 0 GARY LIEBESMAN 5.00 X 0 0 0 JOEY SCHOTTENSTEIN 5.00 X 0 0 0 DAVID CAPLAN 5.00 X 0 0 0 MARCIA HERSHFIELD 5.00 X 0 0 0 RANAAN LEFKOVITZ 5.00 X 0 0 0 MIKE LIGATOR 5.00 X 0 0 0 DEVORAH STEINBERG 5.00 X 0 0 0 HARELL KAHN 50.00 X 114059 0 51600 114059 0 51600 1 0 1 0 0 385797 70211 1036429 1492437 TUITION 900099 1396704 1396704 CTA-PTO 900099 45448 45448 LUNCH PROGRAM 900099 23508 23508 1465660 113321 113321 3940878 3791079 149799 149799 149799 406391 218252 188139 188139 INSURANCE PROCEEDS 900099 200637 200637 200637 3609993 1465660 0 651896 165659 165659 1952823 1952823 186552 186552 185778 185778 38369 38369 7514 7514 12939 12939 33366 33366 260144 260144 8716 8716 2112 2112 18061 18061 226347 226347 22244 22244 CLASSROOM SUPPLIES 48444 48444 CTA-PTO EXPENSES 41328 41328 ADMINISTRATION SUPPLIES 13143 13143 BOOK PURCHASES 10453 10453 9755 1308 8447 3243747 2656915 586832 0 101199 76029 38667 8989 749921 438272 17628 14510 9182376 4911671 3701207 4270705 3483324 4388966 1500 2310 8093446 9199781 530388 175355 32620 4520 670000 670000 1233008 849875 X 0 0 0 0 6860438 8349906 6860438 8349906 8093446 9199781 X 366246 1123222 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4239167 149799 4388966 1 0 1062708 1062708 7243768 4049659 3194109 875900 862012 13888 4270705 GENERAL ENDOWMENT 4299807 C A.G. EDWARDS 89159 C 4388966 X 4729726 0 4729726 -1119733 -1119733 3609993 4363480 0 4363480 -1119733 -1119733 3243747 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD OF TRUSTEES APPROVED A RESOLUTION TO COMMENCE AN ENDOWMENT FUND CAMPAIGN TO PAY THE DEBTS OF THE ACADEMY. THE ACADEMY HAD A RECEIVABLE OF $7,975 AND AN ALLOWANCE FOR DOUBTFUL ACCOUNT OF $7,975. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY HAS ADOPTED FASB ASC 740-10-65, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ACADEMY EVALUATES ALL TAX POSITIONS IN CONFORMITY WITH FASB ASC 450, AND AS SUCH WOULD RESERVE FOR ANY TAX POSITIONS DEEMED PROBABLE OF NOT BEING SUSTAINED BY THE INTERNAL REVENUE SERVICE (IRS). THE ACADEMY RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE ACADEMY BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON IRS EXAMINATION. THE ACADEMY DOES NOT HAVE A PROVISION FOR UNPAID FEDERAL INCOME TAXES (LIABILITY FOR UNRECOGNIZED TAX BENEFITS) RELATED TO UNCERTAIN TAX POSITIONS IN THE STATEMENT OF FINANCIAL POSITION AS IT BELIEVES ALL TAX POSITIONS TAKEN WOULD "MORE LIKELY THAN NOT" BE SUSTAINED UPON IRS EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION LUNCH PROGRAM AND PTO EXPENSES NETTED AGAINST INCOME ON FINANCIAL STATEMENT FUNDRAISING EXPENSES NET AGAINST REVENUE ON FORM 990 PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION LUNCH PROGRAM AND PTO EXPENSES NETTED AGAINST INCOME ON FINANCIAL STATEMENT FUNDRAISING EXPENSES NETTED AGAINST REVENUE ON FORM 990 THE ENDOWMENT FUNDS ARE SUBJECT TO THE RESTRICTIONS OF GIFT INSTRUMENTS, WHICH REQUIRE THAT THE PRINCIPAL BE INVESTED IN PERPETUITY. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED SUPPLIES AND $13,861.88 OF FUNDING FROM THE OHIO DEPARTMENT OF EDUCATION FOR FAMILIES WHO QUALIFY FOR FREE OR REDUCED LUNCHES. SCHOLARSHIP DINNER 219773 219773 49597 7131 SCRIP SALES 186618 186618 161524 406391 406391 49597 168655 218252 188139 X 0 0 0 0 0 0 0 0 0 0 0 HARELL KAHN 114059 0 0 0 0 0 0 0 51600 0 165659 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED A $51,600 HOUSING ALLOWANCE FOR THE SCHOOL'S HEADMASTER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANY DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF ITS MEMBERS. FORM 990, PART VI, SECTION B, LINE 10B THE ORGANIZATION DOES NOT HAVE ANY WRITTEN POLICIES AND PROCEDURES GOVERNING THE ACTIVITIES OF ITS AFFILIATE, THE COLUMBUS JEWISH FOUNDATION, TO ENSURE THEIR OPERATIONS ARE CONSISTENT WITH THOSE OF THE ORGANIZATION. THE ORGANIZATION WILL BE WORKING ON CREATING AND APPROVING SUCH POLICIES AND PROCEDURES IN THE NEAR FUTURE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE GIVEN TO THE BOARD'S VICE PRESIDENT OF FINANCE, WHO WILL THEN PRESENT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD HIRES THE HEADMASTER AT A COMPETITIVE MARKET RATE FOR JEWISH DAY SCHOOLS ACROSS THE UNITED STATES. A SEARCH COMMITTEE INTERVIEWED SEVERAL APPLICANTS, THE BOARD APPROVES THE FINAL DECISION. THE VICE PRESIDENT OF ADMINSTRATION ALONG WITH THE PRESIDENT AND THE CHAIRMAN OF THE BOARD EVALUATE AND REVIEW THE HEADMASTER EVERY TWO YEARS. IN THE PROCESS, THEY UTILIZE EVALUATION FORMS THAT WERE DISTRIBUTED TO VARIOUS STAFF MEMBERS, BOARD MEMBERS, PARENTS, DONORS, AND POSSIBLE STUDENTS. THE HEADMASTER EVALUATES AND REVIEWS ALL OTHER STAFF MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PRIOR YEAR UNDERREPORTING OF PROPERTY AND EQUIPMENT 1,289. PRIOR YEAR UNDERREPORTING OF OTHER ASSETS 768,080. PRIOR PERIOD OVERREPORTING OF ACCRUED EXPENSES 347,187. ADJUSTMENT TO PRIOR YEAR'S TAX RETURN NET ASSETS 6,666. FORM 990, PART XII, LINE 2C THE SCHOOL ELECTED NOT TO HAVE AN AUDIT OF ITS FINANCIAL STATEMENT IN THE PRIOR YEAR. COLUMBUS JEWISH FOUNDATION 1175 COLLEGE AVENUE COLUMBUS OH 43209 311384772 PROVIDE GRANTS TO NON-PROFIT ORGANIZATIONS. OH 501(C)(3) LINE 11A, I COLUMBUS TORAH ACADEMY 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COLUMBUS JEWISH FOUNDATION E CASH