Civic Intelligence

National Ctr for Hebrew Language Charter School Excellence & Development Inc

990 • Fiscal year 2015 • EIN 26-4077251

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

555 Eighth Ave No 1703New York, NY 10018

(212) 792-6238

Siviq Scores

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

Liabilities / Assets

38th percentile

0.15x

Higher debt load relative to assets than 38% of similar nonprofits.

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

Liabilities / Revenue

22nd percentile

0.05x

Higher debt load relative to revenue than 22% of similar nonprofits.

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

Net Margin

76th percentile

13%

Higher net margin than 76% of similar nonprofits.

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

Top Officer Pay

96th percentile

$335,309

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

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

Asset Growth

96th percentile

100%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

79th percentile

24%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Up

$1,603,457

Up $799,785 (+100%) from 2014

Net Assets

Up

$1,355,932

Up $700,843 (+107%) from 2014

Liabilities

Up

$247,525

Up $98,942 (+67%) from 2014

Revenue

Up

$5,293,530

Up $1,028,299 (+24%) from 2014

Expenses

Up

$4,592,687

Up $310,546 (+7.3%) from 2014

Net Income

Up

$700,843

Up $717,753 (+4245%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $1,122,076Liabilities 2010: $457,525Net Assets 2010: $664,5512010Assets 2012: $1,171,057Liabilities 2012: $423,155Net Assets 2012: $747,9022012Assets 2014: $803,672Liabilities 2014: $148,583Net Assets 2014: $655,0892014Assets 2015: $1,603,457Liabilities 2015: $247,525Net Assets 2015: $1,355,9322015Assets 2017: $1,863,372Liabilities 2017: $764,493Net Assets 2017: $1,098,8792017Assets 2018: $19,994,333Liabilities 2018: $17,656,488Net Assets 2018: $2,337,8452018Assets 2019: $24,096,962Liabilities 2019: $21,931,037Net Assets 2019: $2,165,9252019Assets 2020: $4,519,185Liabilities 2020: $1,089,586Net Assets 2020: $3,429,5992020Assets 2021: $4,301,333Liabilities 2021: $833,323Net Assets 2021: $3,468,0102021Assets 2022: $4,535,029Liabilities 2022: $1,166,239Net Assets 2022: $3,368,7902022Assets 2024: $4,856,996Liabilities 2024: $1,647,604Net Assets 2024: $3,209,3922024

Highlighted filing

2015

Assets$1,603,457
Liabilities$247,525
Net Assets$1,355,932

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,540,4492010Expenses 2012: $3,488,8532012Revenue 2014: $4,265,231Expenses 2014: $4,282,141Net Income 2014: -$16,9102014Revenue 2015: $5,293,530Expenses 2015: $4,592,687Net Income 2015: $700,8432015Revenue 2017: $5,986,963Expenses 2017: $6,586,011Net Income 2017: -$599,0482017Revenue 2018: $7,783,247Expenses 2018: $6,544,281Net Income 2018: $1,238,9662018Revenue 2019: $7,992,170Expenses 2019: $8,164,090Net Income 2019: -$171,9202019Revenue 2020: $9,009,852Expenses 2020: $7,746,178Net Income 2020: $1,263,6742020Revenue 2021: $7,260,290Expenses 2021: $7,221,879Net Income 2021: $38,4112021Revenue 2022: $7,861,983Expenses 2022: $7,961,203Net Income 2022: -$99,2202022Revenue 2024: $6,832,215Expenses 2024: $7,421,221Net Income 2024: -$589,0062024

Highlighted filing

2015

Revenue$5,293,530
Expenses$4,592,687
Net Income$700,843
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$5,538,505
Mission and Program Overview

Mission

To lead a national movement of exceptional, diverse public charter schools that teach modern hebrew to children of all backgrounds and prepare them to be successful global citizens.

To promote the development and sustainability of the hebrew charter school movement by supposting a network of excellent schools that serve diverse populations of students, foster strong inter-personal relationships, advance overall academic and social/emotional well-being, and promote high levels of hebrew language proficiency and understanding of the culture and history of israel and its immigrant communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$690,437$1,190,198▲ $499,761
Pledges and Grants Receivable-$158,649-
Other Notes and Loans Receivable, Net-$142,867-
Prepaid Expenses and Deferred Charges$75,069$67,700▼ $7,369
Land, Buildings, and Equipment, Net$34,945$40,518▲ $5,573
Accounts Receivable$746--
Total Assets$803,672$1,603,457▲ $799,785
Other Assets Total$2,475$3,525▲ $1,050
Liabilities
Grants Payable$30,000$125,000▲ $95,000
Accounts Payable and Accrued Expenses$118,583$122,525▲ $3,942
Total Liabilities$148,583$247,525▲ $98,942
Net Assets / Fund Balance
Unrestricted Net Assets$397,589$878,209▲ $480,620
Temporarily Rstr Net Assets$257,500$477,723▲ $220,223
Total Net Assets Fund Balance$655,089$1,355,932▲ $700,843
Total Liabilities and Net Assets / Fund Balance$803,672$1,603,457▲ $799,785

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,193$36,682$72,875
Other Land Buildings$4,325$8,650$12,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon RosenbergPresident and CEOFT$301,759$33,550$335,309
Aaron ListhausExecutive DirectorFT$237,325$17,437$254,762
Hindie WeissmanDirector of Educational SeFT$179,257$10,549$189,806
Shlomit LiptonDirector of Hebrew EducatiFT$149,501$22,487$171,988
Valerie KhaytinaDirector of Strategic PhilFT$129,232$20,992$150,224
Shane Golstein- SmithExecutive Director Ny RegionFT$126,590$16,715$143,305
Morris ArdoinDirector of Marketing & CommunicationFT$108,251$24,857$133,108

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Jujamcyn Group Sales LLCTheater For Event246 WEST 44TH STREET, New York, NY 10036$154,774
Revenue and Support

Revenue Composition

Contributions and Grants
$5,318,360
Program Service Revenue
$76,009
Investment Income
$0
Other Revenue
$-100,839
All Other Contributions
$4,701,998
Change in Net Assets
$700,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,293,530
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,293,530
Total Revenue per Form 990
$5,293,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,005,190
Other Expenses$1,361,997
Grants and Similar Amounts Paid$1,225,500
Total Fundraising Expense$416,196
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,225,500--$1,225,500
Other Salaries and Wages$804,073$39,625$140,654$984,352
Current Officers, Directors, Trustees, and Key Employees$592,708$46,793$140,378$779,879
Fees for Services Other$158,893$168,352$10,275$337,520
Occupancy$208,455$42,256$43,990$294,701
Fees for Services Management-$182,618-$182,618
Travel$119,241$24,614$8,303$152,158
Office Expenses$81,473$35,817$10,244$127,534
Other Employee Benefits$97,050$5,366$18,196$120,612
Payroll Taxes$79,283$4,861$15,858$100,002
Other Expenses$5,427$78,869$938$85,234
Fees for Services Legal-$55,010-$55,010
All Other Expenses$17,438$7,162$14,101$38,701
Conferences and Meetings$24,985$2,648-$27,633
Depreciation Depletion$15,583$1,708$4,056$21,347
Pension Plan Contributions$16,621$818$2,906$20,345
Fees for Services Accounting-$19,400-$19,400
Insurance$840$6,477$2,814$10,131
Advertising$2,982$3,545$3,483$10,010
Total Functional Expenses$3,450,552$725,939$416,196$4,592,687

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,592,687
Total Expenses per Audited Statements$4,592,687
Total Expenses per Form 990$4,592,687
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kavod Elementary Charter SchoolSan Diego, CA501(c)(3)2015-2016 School Year$375,000
Friends of Hebrew Language Academy Charter SchoolNew York, NY501(c)(3)2015-2016 School Year$250,000
Lashon Academy Charter SchoolVan Nuys, CA501(c)(3)2015-2016 School Year$250,000
Dc Hebrew Language Charter SchoolWashington, DC501(c)(3)2015-2016 School Year$225,000
Agamim Hebrew Language Charter SchoolSt Paul, MN501(c)(3)Start Up Grant$110,500
Hatikvah International Academy Charter SchoolEast Brunswick, NJ501(c)(3)Grant for Excellence 06/09/15$10,000
Colorado League of Charter SchoolsDenver, CO501(c)(3)Planning Grant Payment for Boulder Hebrew Academy$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$244,975
Fundraising Gross Income$144,136
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Autumnfest$264,387-$37,493-
Neverland$496,111$144,136$56,457$87,679
Total Events$760,498$144,136$244,975$-100,839
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
Audit committee
Yes
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
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

Sara berman is also a director of another 501(c)(3) where david gedzelman is a key employee. Both sara berman and david gedzelman are also directors of another 501(c)(3) that is a grantee.

Form 990, Part VI, Section B, Line 11

The secretary/treasurer and the full board reviewed the 990 prior to being filed.

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

Conflict of interest will be deemed to exist whenever a director or officer is in the position to approve or influence corporation policies or actions which would or might financially benefit or harm certain individuals or entities as defined in the corporation's by-laws. Such director or officer shall disclose to the board any actual or potential conflict of interest as soon as possible after that individual learns of the conflict. If the matter is before a committee, the action or transaction in. Question shall be referred to the board and no further action on the matter shall be taken until the matter can be considered by the board. Following receipt of information concerning an action or transaction involving an actual or potential conflict of interest, the board shall consider the material facts concerning the proposed action or transaction. The board shall approve only those actions or transactions in which the terms are fair and reasonable to the corporation and the arrangements are consistent with the best interests of the corporation. The board shall set forth the basis for its decision with respect to approval of actions or transactions involving conflicts of interest in the minutes of the meeting at which the decision is made, including the basis for determining that the action or transaction is fair to the corporation. On an annual basis, director and officers complete and remit a conflict of interest disclosure form.

Form 990, Part VI, Section B, Line 15A

The center utilizes salary surveys and reviews them with the compensation committee of the board of directors. The process was last performed in 2015.

Form 990, Part VI, Section C, Line 19

The financial statements are publicly available as part of an annual ny state regulatory filing. All other items are available upon request.

Filing and Contact Details

Filer

Filer Name
National Ctr for Hebrew Language Charter
EIN
26-4077251
Phone
2127926238
Address
555 EIGHTH AVE NO 1703, NEW YORK, NY 10018
Doing Business As
Hebrew Charter School Center

Signing Officer

Name
Jon Rosenberg
Title
President/CEO
Phone
2127926238
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Rosenberg
Formed
2009
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
22
Volunteers
12

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Eric Goldfarb
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The finance and audit committee selects the auditor and approves the financial statements prior to issuance.

Financial Statement Notes

PART X, LINE 2:

Hcsc has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending april 30, 2012 and subsequent remain subject to examination by applicable taxing authorities.

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IRS990/ActivityOrMissionDesc0TO PROMOTE THE DEVELOPMENT AND SUSTAINABILITY OF THE HEBREW CHARTER SCHOOL MOVEMENT BY SUPPOSTING A NETWORK OF EXCELLENT SCHOOLS THAT SERVE DIVERSE POPULATIONS OF STUDENTS, FOSTER STRONG INTER-PERSONAL RELATIONSHIPS, ADVANCE OVERALL ACADEMIC AND SOCIAL/EMOTIONAL WELL-BEING, AND PROMOTE HIGH LEVELS OF HEBREW LANGUAGE PROFICIENCY AND UNDERSTANDING OF THE CULTURE AND HISTORY OF ISRAEL AND ITS IMMIGRANT COMMUNITIES.
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IRS990/Desc0THE HEBREW CHARTER SCHOOL CENTER IS WORKING TO ACCOMPLISH ITS MISSION IN THE FOLLOWING WAYS: WORKING WITH LOCAL COMMUNITIES, CHARTER AUTHORIZERS AND OTHER STAKEHOLDERS TO ESTABLISH NEW SCHOOLS. PROVIDING FINANCIAL SUPPORT TO SCHOOLS DURING PLANNING AND START-UP AND DURING A SCHOOL'S FIRST SEVERAL YEARS OF OPERATION. ASSISTING SCHOOLS IN AN ARRAY OF PROGRAMMATIC AND OPERATIONAL AREAS, INCLUDING HEBREW STUDIES, ISRAEL STUDIES, GENERAL CURRICULAR AND INSTRUCTIONAL SUPPORT, SUPPORT FOR BOARDS AND SCHOOL LEADERS, STUDENT RECRUITMENT, BUDGETING, COMPLIANCE AND DATA. DEVELOPING PROGRAMS FOR STUDENT ALUMNI.
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IRS990/Form990PartVIISectionAGrp/PersonNm8JASON MUSS
IRS990/Form990PartVIISectionAGrp/PersonNm9DOROTHY TANANBAUM
IRS990/Form990PartVIISectionAGrp/PersonNm10MERIDITH VERONA
IRS990/Form990PartVIISectionAGrp/PersonNm11CAROLINE GREENWALD
IRS990/Form990PartVIISectionAGrp/PersonNm12ADAM SMOLYAR
IRS990/Form990PartVIISectionAGrp/PersonNm13JON ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm14AARON LISTHAUS
IRS990/Form990PartVIISectionAGrp/PersonNm15HINDIE WEISSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16VALERIE KHAYTINA
IRS990/Form990PartVIISectionAGrp/PersonNm17SHLOMIT LIPTON
IRS990/Form990PartVIISectionAGrp/PersonNm18MORRIS ARDOIN
IRS990/Form990PartVIISectionAGrp/PersonNm19SHANE GOLSTEIN- SMITH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF EDUCATIONAL SE
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF STRATEGIC PHIL
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF HEBREW EDUCATI
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF MARKETING & COMMUNICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR NY REGION
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IRS990/GrantsPayableGrp/BOYAmt030000
IRS990/GrantsPayableGrp/EOYAmt0125000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01225500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01225500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05538505
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt02814
IRS990/InsuranceGrp/ManagementAndGeneralAmt06477
IRS990/InsuranceGrp/ProgramServicesAmt0840
IRS990/InsuranceGrp/TotalAmt010131
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt041
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt034945
IRS990/LandBldgEquipBasisNetGrp/EOYAmt040518
IRS990/LandBldgEquipCostOrOtherBssAmt085850
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0SEE SCHEDULE OTHE MISSION OF THE NATIONAL CENTER FOR HEBREW LANGUAGE CHARTER SCHOOL EXCELLENCE AND DEVELOPMENT, INC. (DOING BUSINESS AS THE HEBREW CHARTER SCHOOL CENTER OR "HCSC") IS TO BUILD A MOVEMENT OF ACADEMICALLY RIGOROUS DUAL-LANGUAGE CHARTER SCHOOLS ACROSS AMERICA THAT TEACH CHILDREN OF ALL BACKGROUNDS TO BECOME FLUENT AND LITERATE IN MODERN HEBREW AND PREPARE THEM TO BE PRODUCTIVE GLOBAL CITIZENS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt043990
IRS990/OccupancyGrp/ManagementAndGeneralAmt042256
IRS990/OccupancyGrp/ProgramServicesAmt0208455
IRS990/OccupancyGrp/TotalAmt0294701
IRS990/OfficeExpensesGrp/FundraisingAmt010244
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035817
IRS990/OfficeExpensesGrp/ProgramServicesAmt081473
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04294530
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03048331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03792342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02353000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018806563
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt076009
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt016182
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75450
IRS990ScheduleA/PublicSupportPY170Pct00.81880
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IRS990ScheduleA/SubstantialContributorsTotAmt04605580
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05318360
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04294530
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03048331

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