Civic Intelligence

Stern Academy Inc

990 • Fiscal year 2023 • EIN 20-3732384

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization ProfileN/A
1484 Schirra DriveAmbler, PA 19002

(215) 901-4322

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

181%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

294%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Flat

$509,835

Flat from 2023

Net Assets

Flat

$509,835

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin72nd percentile

Revenue

Flat

$1,792,500

Flat from 2023

Expenses

Flat

$1,464,272

Flat from 2023

Net Income

Flat

$328,228

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$600K$400K$200K$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $1Liabilities 2019: $02019Assets 2020: $1Liabilities 2020: $02020Assets 2021: $455,087Liabilities 2021: $0Net Assets 2021: $455,0872021Assets 2022: $181,607Liabilities 2022: $0Net Assets 2022: $181,6072022Assets 2023: $509,835Liabilities 2023: $0Net Assets 2023: $509,8352023Assets 2023: $509,835Liabilities 2023: $0Net Assets 2023: $509,8352023Assets 2024: $39,410Liabilities 2024: $0Net Assets 2024: $39,4102024Assets 2025: $73,258Liabilities 2025: $0Net Assets 2025: $73,2582025

Highlighted filing

2023

Assets$509,835
Liabilities$0
Net Assets$509,835
Open 2023 Filing

Operations Trend

Revenue Growth97th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $455,100Expenses 2021: $13Net Income 2021: $455,0872021Revenue 2022: $455,020Expenses 2022: $728,500Net Income 2022: -$273,4802022Revenue 2023: $1,792,500Expenses 2023: $1,464,272Net Income 2023: $328,2282023Revenue 2023: $1,792,500Expenses 2023: $1,464,272Net Income 2023: $328,2282023Revenue 2024: $0Expenses 2024: $470,425Net Income 2024: -$470,4252024Revenue 2025: $384,100Expenses 2025: $350,252Net Income 2025: $33,8482025

Highlighted filing

2023

Revenue$1,792,500
Expenses$1,464,272
Net Income$328,228
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$1,792,500
Mission and Program Overview

Mission

To provide needs-based school scholarships for religious education services to all members of the Jewish faith who reside in the greater Philadelphia area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$181,607$509,835▲ $328,228
Total Assets$181,607$509,835▲ $328,228
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$181,607$509,835▲ $328,228
Total Net Assets Fund Balance$181,607$509,835▲ $328,228
Total Liabilities and Net Assets / Fund Balance$181,607$509,835▲ $328,228
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Shalom DeitschPresident
Devorah L DeitschDirector
Zushe GurevitzDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,792,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,792,500
Change in Net Assets
$328,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,459,932
Other Expenses$4,340
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,459,932--$1,459,932
Fees for Services Accounting-$3,650-$3,650
Fees for Services Legal-$690-$690
Total Functional Expenses$1,459,932$4,340$0$1,464,272
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hillel Academy of PittsburghPittsburgh, PA501c3Education- Scholarships$270,000
Yeshivath Achei Tmimim of PittsburghPittsburgh, PA501c3Education- Scholarships$270,000
Germantown AcademyFort Washington, PA501c3Education- Scholarships$250,000
Lubavitch of Montgomery CountyFort Washington, PA501c3Education- Scholarships$180,000
Community Day SchoolPittsburgh, PA501c3Education- Scholarships$135,000
Cheder Menachem IncWilkes Barre, PA501c3Education- Scholarships$100,000
Chabad Garden SchoolFort Washington, PA501c3Education- Scholarships$97,000
Abrams Hebrew AcademyYardley, PA501c3Education- Scholarships$47,200
Gan ChabadPhiladelphia, PA501c3Education- Scholarships$38,000
Cheder Chabad of PhiladelphiaBryn Mawr, PA501c3Education- Scholarships$32,760
Yeshiva Gedolah Rabbinical Institute of New England IncWest Haven, CT501c3Education- Scholarships$15,174
Educational Institute Oholei Torah of Brooklyn IncBrooklyn, NY501c3Education- Scholarships$10,998
Congregation Bais Menachem IncCanadensis, PA501c3Education- Scholarships$5,800
Chabad Lubavitch of the Main LineMerion Station, PA501c3Education- Scholarships$4,000
Talmudical Yeshiva of PhiladelphiaPhiladelphia, PA501c3Education- Scholarships$4,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, Line 2

“Shalom Devorah are married”

Form 990, Part VI, Section B, Line 11B

“Each board member received a copy of the Form 990 with related schedules before filing and is given the opportunity to comment and/or disapprove on any of the items reported on the Form. The Form is not filed until all matters, if any, are resolved.”

Form 990, Part VI, Section B, Line 12C

“1. Prior to the first board meeting for each fiscal year, the foundation distributes the statement of ethical guidelines to all new and renewing board members board members are asked to read the document, complete and sign the conflict of interest statement, and return the completed document. 2. One month after the conflict of interest statement is mailed to all board members, the document is sent a second time to any board members who did not complete, sign, and return the conflict of interest statement. 3. All responses on the conflict of interest statement are compiled and if there are conflicts noted, those statements are reviewed to determine all the next steps related to ethical conflicts where appropriate, this group contacts board members to discuss the conflict and determine the proper ethical response to the conflict. The signed conflict of interest statements are kept as prescribed by the foundations document retention policy on file for a period of 7 years”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available for inspection at the main office of the organization within 24 hour of the request.”

Filing and Contact Details

Filer

Filer Name
Stern Academy Inc
EIN
20-3732384
Phone
2159014322
Address
1484 Schirra Drive, Ambler, PA 19002

Signing Officer

Name
Shalom Deitsch
Title
President
Phone
2159014322
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shalom Deitsch
Formed
2005
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
SW & Co CPA Inc
Address
7122 Pheasant Cross Dr, Baltimore, MD 21209
Preparer
Shmuel Wolosow
Phone
3477468597
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Abrams Hebrew Academy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Chabad Garden School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Cheder Chabad of Philadelphia
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Cheder Menachem Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Community Day School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Congregation Bais Menachem Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Gan Chabad
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Chabad Lubavitch of the Main Line
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Germantown Academy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Hillel Academy of Pittsburgh
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10Lubavitch of Montgomery County
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11Educational Institute Oholei Torah of Brooklyn Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12Talmudical Yeshiva of Philadelphia
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13Yeshivath Achei Tmimim of Pittsburgh
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14Yeshiva Gedolah Rabbinical Institute of New England Inc
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IRS990ScheduleI/RecipientTable/RecipientEIN1233051061
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt031 W College Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11311 Fort Washington Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2276 S Bryn Mawr Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt380 N washington St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt46424 Forward Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt53333 Evergreen Lane
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt67620 Castor Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7625 Montgomery Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8340 Morris Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt95685 Beacon Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt101311 Fort Washington Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11667 Eastern Parkway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt126063 Drexel Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt132100 Wightman St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1414 Farwell St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Yardley
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Fort Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Bryn Mawr
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Wilkes Barre
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Pittsburgh
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Canadensis
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Philadelphia
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Merion Station
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Fort Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Pittsburgh
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IRS990ScheduleI/RecipientTable/USAddress/CityNm11Brooklyn
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IRS990ScheduleI/RecipientTable/USAddress/CityNm13Pittsburgh
IRS990ScheduleI/RecipientTable/USAddress/CityNm14West Haven
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt01. The foundation exists for the purpose of assisting students attending private day schools by raising money through the commonwealth of Pennsylvanias educational improvement tax credit eitc/pre-k eitc programs and awarding pre-k and k-12 scholarships to eligible students attending Jewish day schools in the Philadelphia as well as eligible students attending Jewish day schools throughout the state. 2. All families receiving these scholarships must reside in Pennsylvania and meet specific household income guidelines as determined by the commonwealth of Pennsylvanias department of community and economic development dced for eitc, the award maximum is tuition plus fees. 3. Once the monies are received at the foundation, the following occurs for schools/scholarships as a scholarship organization for eitc, contributions received from businesses are either donor designated to a school or remain undesignated. Donor designated contributions go to qualified students at the specified Jewish day school or pre-school. Undesignated contributions can go to the neediest eligible students among all the schools. 4. Students at the Jewish day and pre-schools send applications to a third-party scholarship review vendor. The review vendor sets tiers based on income level and fixed scholarship amounts for students in each tier are assigned based on the recommendations of the foundation board the foundation staff then works with individual schools to make adjustments and determine final distributions of designated funds. 5. The schools receive a list of students receiving scholarships from the foundation and confirm enrollment. On behalf of the foundation, a letter is sent to parents notifying them of the awards their children are receiving. The schools receive a check with accompanying documentation indicating the specific scholarship awards and student recipients. the scholarships are applied to reduce tuition for the specified school year. 6. The foundation communicates with the schools during the school year and additional funds are distributed if needed and available. If a student who receives an award does not attend or leaves the school, the remainder of their scholarship is either redistributed to other qualified candidates or returned to the foundation. 7. The foundation must use a minimum of 80 of donor contributions for scholarships to students. as per program guidelines, the remaining 20 can be used for other purposes, including administrative costs or distribution of additional scholarship awards.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/TotalOtherOrgCnt015
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Shalom Devorah are married
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member received a copy of the Form 990 with related schedules before filing and is given the opportunity to comment and/or disapprove on any of the items reported on the Form. The Form is not filed until all matters, if any, are resolved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21. Prior to the first board meeting for each fiscal year, the foundation distributes the statement of ethical guidelines to all new and renewing board members board members are asked to read the document, complete and sign the conflict of interest statement, and return the completed document. 2. One month after the conflict of interest statement is mailed to all board members, the document is sent a second time to any board members who did not complete, sign, and return the conflict of interest statement. 3. All responses on the conflict of interest statement are compiled and if there are conflicts noted, those statements are reviewed to determine all the next steps related to ethical conflicts where appropriate, this group contacts board members to discuss the conflict and determine the proper ethical response to the conflict. The signed conflict of interest statements are kept as prescribed by the foundations document retention policy on file for a period of 7 years
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflict of interest policy, and financial statements are available for inspection at the main office of the organization within 24 hour of the request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$509,835
Liabilities
$0
Net assets
$509,835
Revenue
$1,792,500
Expenses
$1,464,272
Net income
$328,228
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.38$0.35$0.03
2024Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$0.00$0.47$0.47
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$1.79$1.46$0.33
2023Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$1.79$1.46$0.33
2022Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.46$0.73$0.27
2021Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.46$0.00$0.46
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00