Civic Intelligence

Hebrew Educational Society of Brooklyn

990 • Fiscal year 2015 • EIN 11-1642720

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 28, 2015

9502 Seaview AvenueBrooklyn, NY 11236

(718) 241-3000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.23x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

52nd percentile

0.20x

Higher debt load relative to revenue than 52% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Net Margin

42nd percentile

1.1%

Higher net margin than 42% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$172,011

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2015 filings • NTEE B • $5M-$10M nonprofits • Source year 2015

Asset Growth

57th percentile

5.0%

Faster asset growth than 57% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

2.9%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,739,501

Up $227,204 (+5.0%) from 2014

Net Assets

Up

$3,649,131

Up $59,848 (+1.7%) from 2014

Liabilities

Up

$1,090,370

Up $167,356 (+18%) from 2014

Revenue

Up

$5,336,430

Up $150,020 (+2.9%) from 2014

Expenses

Up

$5,276,582

Up $279,742 (+5.6%) from 2014

Net Income

Down

$59,848

Down $129,722 (-68%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $3,955,754Liabilities 2010: $796,822Net Assets 2010: $3,158,9322010Assets 2011: $4,015,368Liabilities 2011: $736,843Net Assets 2011: $3,278,5252011Assets 2012: $4,236,572Liabilities 2012: $868,111Net Assets 2012: $3,368,4612012Assets 2013: $4,508,835Liabilities 2013: $1,109,122Net Assets 2013: $3,399,7132013Assets 2014: $4,512,297Liabilities 2014: $923,014Net Assets 2014: $3,589,2832014Assets 2015: $4,739,501Liabilities 2015: $1,090,370Net Assets 2015: $3,649,1312015Assets 2016: $5,339,055Liabilities 2016: $1,456,859Net Assets 2016: $3,882,1962016Assets 2017: $6,565,101Liabilities 2017: $886,157Net Assets 2017: $5,678,9442017Assets 2018: $6,736,034Liabilities 2018: $945,575Net Assets 2018: $5,790,4592018Assets 2019: $6,638,226Liabilities 2019: $905,218Net Assets 2019: $5,733,0082019Assets 2020: $7,121,944Liabilities 2020: $1,956,049Net Assets 2020: $5,165,8952020Assets 2021: $8,294,804Liabilities 2021: $1,856,247Net Assets 2021: $6,438,5572021Assets 2022: $10,100,072Liabilities 2022: $1,479,724Net Assets 2022: $8,620,3482022Assets 2023: $9,776,338Liabilities 2023: $1,069,801Net Assets 2023: $8,706,5372023Assets 2024: $9,676,570Liabilities 2024: $967,122Net Assets 2024: $8,709,4482024

Highlighted filing

2015

Assets$4,739,501
Liabilities$1,090,370
Net Assets$3,649,131

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,858,4052010Expenses 2011: $4,095,2092011Revenue 2012: $4,254,617Expenses 2012: $4,247,620Net Income 2012: $6,9972012Revenue 2013: $4,538,754Expenses 2013: $4,507,319Net Income 2013: $31,4352013Revenue 2014: $5,186,410Expenses 2014: $4,996,840Net Income 2014: $189,5702014Revenue 2015: $5,336,430Expenses 2015: $5,276,582Net Income 2015: $59,8482015Revenue 2016: $5,998,670Expenses 2016: $5,765,605Net Income 2016: $233,0652016Revenue 2017: $7,755,309Expenses 2017: $5,958,561Net Income 2017: $1,796,7482017Revenue 2018: $6,341,834Expenses 2018: $6,230,319Net Income 2018: $111,5152018Revenue 2019: $6,996,416Expenses 2019: $6,985,783Net Income 2019: $10,6332019Revenue 2020: $6,889,056Expenses 2020: $7,456,169Net Income 2020: -$567,1132020Revenue 2021: $7,569,527Expenses 2021: $6,296,865Net Income 2021: $1,272,6622021Revenue 2022: $10,549,475Expenses 2022: $8,331,590Net Income 2022: $2,217,8852022Revenue 2023: $10,412,170Expenses 2023: $10,326,848Net Income 2023: $85,3222023Revenue 2024: $10,900,861Expenses 2024: $10,922,470Net Income 2024: -$21,6092024

Highlighted filing

2015

Revenue$5,336,430
Expenses$5,276,582
Net Income$59,848
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$5,336,430
Mission and Program Overview

Mission

To promote the quality of community life and jewish culture through a variety of social services, recreational, social education and cultural programs. The h.e.s. Is open to all those who wish to participate in the center's varied programs and activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,969,690$1,976,450▲ $6,760
Savings and Temporary Cash Investments$1,067,640$1,292,969▲ $225,329
Pledges and Grants Receivable$521,672$588,085▲ $66,413
Cash and Non-Interest-Bearing Accounts$431,822$358,240▼ $73,582
Investments in Publicly Traded Securities$278,956$286,435▲ $7,479
Prepaid Expenses and Deferred Charges$201,119$196,790▼ $4,329
Accounts Receivable$30,632$25,880▼ $4,752
Total Assets$4,512,297$4,739,501▲ $227,204
Other Assets Total$10,766$14,652▲ $3,886
Liabilities
Deferred Revenue$646,147$764,029▲ $117,882
Accounts Payable and Accrued Expenses$256,278$305,752▲ $49,474
Other Liabilities$20,589$20,589→ $0
Total Liabilities$923,014$1,090,370▲ $167,356
Net Assets / Fund Balance
Unrestricted Net Assets$3,332,348$3,392,196▲ $59,848
Permanently Rstr Net Assets$256,935$256,935→ $0
Total Net Assets Fund Balance$3,589,283$3,649,131▲ $59,848
Total Liabilities and Net Assets / Fund Balance$4,512,297$4,739,501▲ $227,204

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,844,956$1,946,563$3,791,519
Equipment$131,494$1,003,416$1,134,910

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$256,935---$256,935
2013$256,935---$256,935
2012$256,935---$256,935
2011$256,935---$256,935
2010$256,935---$256,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elie RubinsteinExec DirectoFT$159,611$12,400$172,011
Elie RubinsteinExec Director-$159,611$12,400$172,011
Moshit RivkinAsst Exec DiFT$111,883$8,896$120,779
Anna FiderfishCFOFT$70,488$10,120$80,608

Board Members and Trustees

NameTitle
Larry PortnoyPresident
Allan FriedDirector
Amy SteinerDirector
Carly ChaseDirector
Dr Adam LishDirector
Dr Alysha JacobsDirector
Dr Olga MalkinDirector
Ilya FigelmanDirector
Jeffrey KellerDirector
Lawrence LipmanDirector
Michael SeimanDirector
Neal DuncanDirector
Richard MackDirector
Robert GottesmanDirector
Robert GreebelDirector
Robert GrienDirector
Heidi LurenskySecretary
Ken GoldbergTreasurer
Dr Martin JacobsVice Preside
Howard AltschulVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,498,357
Program Service Revenue
$2,791,417
Investment Income
$9,358
Other Revenue
$37,298
All Other Contributions
$809,462
Change in Net Assets
$59,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,336,430
Revenue Not Reported on Form 990
$665,000
Total Revenue per Audited Statements
$6,001,430
Total Revenue per Form 990
$5,336,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,325,859
Other Expenses$1,950,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,505,467$33,059-$2,538,526
Current Officers, Directors, Trustees, and Key Employees$170,442$163,758-$334,200
Depreciation Depletion$206,424$9,388-$215,812
All Other Expenses$181,785$32,818-$214,603
Payroll Taxes$173,964$39,437-$213,401
Other Employee Benefits$134,006$30,377-$164,383
Fees for Services Other$87,129$49,759-$136,888
Insurance$100,434$4,558-$104,992
Other Expenses$136,631$97,373-$97,373
Pension Plan Contributions$61,425$13,924-$75,349
Office Expenses$47,597$11,277-$58,874
Advertising$52,168$4,017-$56,185
Fees for Services Accounting$19,520$11,480-$31,000
Conferences and Meetings$13,992$426-$14,418
Fees for Services Legal-$1,500-$1,500
Total Functional Expenses$4,761,330$515,252$0$5,276,582

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,941,582
Expenses per Audited Statements$5,276,582
Total Expenses per Form 990$5,276,582
Expenses Not Reported on Form 990$665,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$20,589
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Dr. Martin jacobs dr. Alysha jacobs vice pres director parent/child

Form 990, Page 6, Part VI, Line 11B

The audit committee conducts a detailed review of teh form 990 on behalf of the board of directors. All board members receive a copy of the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

At each board meeting, any changes in agency personnel are reviewed (employees, consultants, board members, etc.) and it is determined whether a conflict of interest exists. Also, board members are required to report any conflicts of interest that may arise during their service to the organization. No conflicts of interest exist for the year ended june 30, 2015.

Form 990, Page 6, Part VI, Line 15A

The president of the board uses comparative data from the field annually in order to determine compensation for the executive director.

Form 990, Page 6, Part VI, Line 15B

The executive director and the president review comparative data from the field annually in order to determine compensation for key employees.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request by any person from the general public.

Filing and Contact Details

Filer

Filer Name
Hebrew Educational Society
EIN
11-1642720
Phone
7182413000
Address
9502 SEAVIEW AVENUE, BROOKLYN, NY 11236

Signing Officer

Name
Elie Rubinstein
Title
Executive Director
Phone
7182413000
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elie Rubinstein
Formed
1899
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
350
Volunteers
10

Preparer

Firm
Desantis Kiefer Shall & Sarcone Llp
Address
1675 RICHMOND ROAD, STATEN ISLAND, NY 10304-2317
Preparer
Gregg E Kiefer CPA
Phone
7183512233
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote the quality of community life and jewish culture through a variety of social services, recreational, social education and cultural programs. The h.e.s. Is open to all those who wish to participate in the center's varied programs and activities.

Form 990, Page 2, Part III, Line 4D

After school program - a varied schedule of activities for group friendship clubs and special interest groups. Special services adult education other programs - includes music and arts programs for young and old.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Permanently restricted endowment funds: ethan leff music school endowment 5,600 donald bass memorial award fund 5,029 bloom heller family scholarship 29,532 alumni association 1,076 freda and morris abrams fund 21,576 hannah messing scholarship fund 19,587 benjamin lorber trust 174,535 total 256,935 the principal amounts in these funds are to be preserved in perpetuity; however, all income generated can be used by the society for all purposes.

Schedule D, Page 3, Part X

The society has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken on a tax return, only when it is determined that the income tax position will more- likely-than-not be sustained upon examination by taxing authorities. The society has analyzed the tax positions taken in its filings with the internal revenue service and state jurisdictions where it operates. The society believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the society's financial condition, results of its operations or cash flows. Accordingly, the society has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at june 30, 2015. The society is subject to examination by federal and new york state taxing jurisdictions for the years ended june 30, 2012, 2013, and 2014; however, there are currently no examinations in progress.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXEC DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASST EXEC DI
IRS990/Form990PartVIISectionAGrp/TitleTxt22CFO
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IRS990/FormationYr01899
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IRS990/OtherExpensesGrp/Desc1TRANSPORTATION
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2452117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3328504
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4217215
IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMER DAY CAMPS - A VARIED SCHEDULE OF ACTIVITIES FOR GROUP FRIENDSHIP CLUBS AND SPECIAL INTEREST GROUPS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01019801
IRS990/ProgSrvcAccomActy3Grp/Desc0HEALTH AND PHYSICAL EDUCATION - CLASSES AND ACTIVITIES IN PHYSICAL AND MENTAL HEALTH EDUCATION ORGANIZED IN GROUP PLAY AND LARGE SCALE ACTIVITIES.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0452117
IRS990/ProgSrvcAccomActyOtherGrp/Desc0AFTER SCHOOL PROGRAM - A VARIED SCHEDULE OF ACTIVITIES FOR GROUP FRIENDSHIP CLUBS AND SPECIAL INTEREST GROUPS. SPECIAL SERVICES ADULT EDUCATION OTHER PROGRAMS - INCLUDES MUSIC AND ARTS PROGRAMS FOR YOUNG AND OLD.
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01102284
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IRS990/PYTotalExpensesAmt04996840
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IRS990/ReconcilationRevenueExpnssAmt059848

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.68$0.97$8.71$10.9$10.9$0.02
2023Detailed filing. Detailed filing data is available for this year.$9.78$1.07$8.71$10.4$10.3$0.09
2022Detailed filing. Detailed filing data is available for this year.$10.1$1.48$8.62$10.5$8.33$2.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.29$1.86$6.44$7.57$6.30$1.27
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.12$1.96$5.17$6.89$7.46$0.57
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$0.91$5.73$7.00$6.99$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.74$0.95$5.79$6.34$6.23$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.57$0.89$5.68$7.76$5.96$1.80
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.34$1.46$3.88$6.00$5.77$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.74$1.09$3.65$5.34$5.28$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.51$0.92$3.59$5.19$5.00$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$1.11$3.40$4.54$4.51$0.03
2012Summary only. Only limited summary data is available for this year.$4.24$0.87$3.37$4.25$4.25$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$0.74$3.28$4.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.80$3.16$3.86