Civic Intelligence

Maimonides Hebrew Day School

990 • Fiscal year 2016 • EIN 22-2318286

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 08, 2016

404 Partridge StreetAlbany, NY 12208

(518) 453-9363

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.37x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.88x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

28th percentile

-5.6%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

64th percentile

5.7%

Faster asset growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-3.7%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,005,595

Up $54,643 (+5.7%) from 2015

Net Assets

Down

$633,986

Down $22,056 (-3.4%) from 2015

Liabilities

Up

$371,609

Up $76,699 (+26%) from 2015

Revenue

Down

$420,068

Down $16,248 (-3.7%) from 2015

Expenses

Up

$443,605

Up $15,879 (+3.7%) from 2015

Net Income

Down

-$23,537

Down $32,127 (-374%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,035,161Liabilities 2010: $592,073Net Assets 2010: $443,0882010Assets 2011: $992,531Liabilities 2011: $390,000Net Assets 2011: $602,5312011Assets 2012: $973,224Liabilities 2012: $391,000Net Assets 2012: $582,2242012Assets 2013: $973,974Liabilities 2013: $402,000Net Assets 2013: $571,9742013Assets 2014: $985,391Liabilities 2014: $343,865Net Assets 2014: $641,5262014Assets 2015: $950,952Liabilities 2015: $294,910Net Assets 2015: $656,0422015Assets 2016: $1,005,595Liabilities 2016: $371,609Net Assets 2016: $633,9862016Assets 2017: $1,121,622Liabilities 2017: $311,303Net Assets 2017: $810,3192017Assets 2018: $1,335,074Liabilities 2018: $69,079Net Assets 2018: $1,265,9952018Assets 2019: $1,259,929Liabilities 2019: $50,519Net Assets 2019: $1,209,4102019Assets 2020: $1,406,343Liabilities 2020: $176,171Net Assets 2020: $1,230,1722020Assets 2021: $1,380,001Liabilities 2021: $163,257Net Assets 2021: $1,216,7442021Assets 2022: $1,776,363Liabilities 2022: $18,196Net Assets 2022: $1,758,1672022Assets 2023: $1,871,919Liabilities 2023: $11,767Net Assets 2023: $1,860,1522023Assets 2024: $1,947,723Liabilities 2024: $1,879Net Assets 2024: $1,945,8442024Assets 2025: $2,019,091Liabilities 2025: $3,284Net Assets 2025: $2,015,8072025

Highlighted filing

2016

Assets$1,005,595
Liabilities$371,609
Net Assets$633,986

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $389,916Expenses 2010: $384,639Net Income 2010: $5,2772010Expenses 2011: $380,2902011Expenses 2012: $396,8752012Expenses 2013: $418,6232013Revenue 2014: $446,894Expenses 2014: $378,196Net Income 2014: $68,6982014Revenue 2015: $436,316Expenses 2015: $427,726Net Income 2015: $8,5902015Revenue 2016: $420,068Expenses 2016: $443,605Net Income 2016: -$23,5372016Revenue 2017: $671,540Expenses 2017: $496,227Net Income 2017: $175,3132017Revenue 2018: $937,930Expenses 2018: $482,762Net Income 2018: $455,1682018Revenue 2019: $490,189Expenses 2019: $546,774Net Income 2019: -$56,5852019Revenue 2020: $619,218Expenses 2020: $598,800Net Income 2020: $20,4182020Revenue 2021: $672,717Expenses 2021: $686,145Net Income 2021: -$13,4282021Revenue 2022: $1,189,267Expenses 2022: $697,618Net Income 2022: $491,6492022Revenue 2023: $940,719Expenses 2023: $838,003Net Income 2023: $102,7162023Revenue 2024: $1,053,751Expenses 2024: $967,903Net Income 2024: $85,8482024Revenue 2025: $1,144,940Expenses 2025: $1,074,979Net Income 2025: $69,9612025

Highlighted filing

2016

Revenue$420,068
Expenses$443,605
Net Income-$23,537
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 8, 2016
Return Version
2015v2.1
Gross Receipts
$420,068
Mission and Program Overview

Mission

This organization provides Education by operating a Hebrew Day School

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$937,692$1,002,341▲ $64,649
Rtn Earn Endowment Incm Other Fnds$656,042$633,986▼ $22,056
Loans From Officers Directors-$214,000-
Savings and Temporary Cash Investments$17,885$14,545▼ $3,340
Cash and Non-Interest-Bearing Accounts$-4,625$-11,291▼ $6,666
Total Assets$950,952$1,005,595▲ $54,643
Liabilities
Unsecured Notes Loans Payable$172,410$83,885▼ $88,525
Mortgage Notes Payable Secured by Investment Property$122,500$70,000▼ $52,500
Accounts Payable and Accrued Expenses-$3,724-
Total Liabilities$294,910$371,609▲ $76,699
Net Assets / Fund Balance
Total Net Assets Fund Balance$656,042$633,986▼ $22,056
Total Liabilities and Net Assets / Fund Balance$950,952$1,005,595▲ $54,643

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$961,447$294,618$1,256,065
Equipment$40,894-$40,894
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maxine MorgenbesserChairperson and President
Don StracherTrustee
Edward JacobsTrustee
Jack KaplowitzTrustee
Michael SolomonTrustee
Morris LosiceTrustee
Rabbi Israel RubinTrustee
Salo SteperTrustee
Sue Ann GrosbergTrustee
Ruvain KudanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$211,393
Program Service Revenue
$201,981
Investment Income
$-314
Other Revenue
$7,008
All Other Contributions
$161,406
Change in Net Assets
$-23,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$318,863
Other Expenses$124,742
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,658$13,614-$272,272
Payroll Taxes$44,261$2,330-$46,591
Depreciation Depletion$34,777$1,521-$36,298
Occupancy$12,208$3,624-$15,832
Office Expenses$11,326$1,258-$12,584
Insurance$9,135$1,015-$10,150
Advertising$7,803--$7,803
Fees for Services Accounting-$3,200-$3,200
Information Technology$2,563--$2,563
Fees for Services Other$1,700--$1,700
Other Expenses$8,578$1,643-$1,643
Conferences and Meetings$788--$788
Interest-$612-$612
Total Functional Expenses$414,788$28,817$0$443,605
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner$19,827$19,827-$19,827
Auction$8,873$8,873-$8,873
Total Events$28,700$28,700-$28,700
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Morris LosiceTrusteeTemporary Mortgage FundingNo$99,000
Salo SteperTrusteeLoanNo$15,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$214,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The governing body is provided a copy of the 990 form and thoroughly reviews and approves before filing.

Governing documents etc available to public Part VI line 19

No other governing documents made available to the public but additional information available on organizations website.

Filing and Contact Details

Filer

Filer Name
Maimonides Hebrew Day School
EIN
22-2318286
Address
404 Partridge Street, Albany, NY 12208

Signing Officer

Name
Maxine Morgenbesser
Title
Chairperson and
Phone
5184234103
Signed
2016-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maxine Morgenbesser
Formed
1982
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
34
Volunteers
10

Preparer

Firm
Berne Tax Service
Address
1674 Helderberg Trl, Berne, NY 12023
Preparer
Richard D Recor
Phone
5188721477
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IRS990/Desc0Mission of this Hebrew School:To develop a knowledgeable and aware student who functions successfully in contemporary society.To promote independent & cooperative learning, critical thinking skills and creativity.To foster a love of Torah-learning and the land of Israel.To provide an excellent education imbued with Ahavat Yisrael -- love & respect for one another.
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IRS990/PYSalariesCompEmpBnftPaidAmt0277690
IRS990/PYTotalExpensesAmt0427726
IRS990/PYTotalRevenueAmt0436316
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-23537
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04650
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0656042
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0633986
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017885
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014545
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0961447
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0294618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01256065
IRS990ScheduleD/EquipmentGrp/BookValueAmt040894
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040894
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01002341
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Receive funds from NYS for mandated services.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08873
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08873
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028700
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028700
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Salo Steper
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Morris Losice
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Trustee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Trustee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt199000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Loan
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Temporary Mortgage Funding
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0115000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt199000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Temp operating funds
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Temp Funding House
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt199000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Salo Steper
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Morris Losice
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt0214000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body is provided a copy of the 990 form and thoroughly reviews and approves before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No other governing documents made available to the public but additional information available on organizations website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0950952
IRS990/TotalAssetsEOYAmt01005595
IRS990/TotalAssetsGrp/BOYAmt0950952
IRS990/TotalAssetsGrp/EOYAmt01005595
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0211393
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028817
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0414788
IRS990/TotalFunctionalExpensesGrp/TotalAmt0443605
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0294910
IRS990/TotalLiabilitiesEOYAmt0371609
IRS990/TotalLiabilitiesGrp/BOYAmt0294910
IRS990/TotalLiabilitiesGrp/EOYAmt0371609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0656042
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0633986
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0414788
IRS990/TotalProgramServiceRevenueAmt0201981
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0208675
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0420068
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0950952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01005595
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.00$2.02$1.14$1.07$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.00$1.95$1.05$0.97$0.09
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.01$1.86$0.94$0.84$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.02$1.76$1.19$0.70$0.49
2021Detailed filing. Detailed filing data is available for this year.$1.38$0.16$1.22$0.67$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.41$0.18$1.23$0.62$0.60$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.05$1.21$0.49$0.55$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.07$1.27$0.94$0.48$0.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.31$0.81$0.67$0.50$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.01$0.37$0.63$0.42$0.44$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.29$0.66$0.44$0.43$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.34$0.64$0.45$0.38$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.40$0.57$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.39$0.58$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.39$0.60$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.59$0.44$0.39$0.38$0.01