Civic Intelligence

Hebrew Academy of Cleveland

EIN 34-0714428 • 501(c)3 • Cleveland Heights, OH

Profile

The mission of the hebrew academy is to imbue all students with a love of god, torah and eretz yisroel and to prepare them to achieve excellence in torah and general knowledge based on successful cooperation among family, judaic and general studies faculty and community. The creation of eretz yisroel is one of the seminal events in jewish history. Recognizing the significance of eretz yisroel and its national institutions, we seek to instill in our students an attachment to eretz yisroel and its people as well as a sense of responsibility for their welfare.

1860 South Taylor RoadCleveland Heights, OH 44118

www.hac1.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.16x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.40x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$216,710

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

31st percentile

1.1%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-8.4%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$76,438,841

Up $838,566 (+1.1%) from 2023

Liabilities

Down

$12,355,444

Down $576,242 (-4.5%) from 2023

Net Assets

Up

$64,083,397

Up $1,414,808 (+2.3%) from 2023

Revenue

Down

$30,632,283

Down $2,823,791 (-8.4%) from 2023

Expenses

Up

$31,004,263

Up $2,585,806 (+9.1%) from 2023

Net Income

Down

-$371,980

Down $5,409,597 (-107%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $19,336,512Liabilities 2011: $4,042,126Net Assets 2011: $15,294,3862011Assets 2012: $19,726,231Liabilities 2012: $6,010,115Net Assets 2012: $13,716,1162012Assets 2013: $21,925,027Liabilities 2013: $5,077,335Net Assets 2013: $16,847,6922013Assets 2014: $23,859,803Liabilities 2014: $4,291,904Net Assets 2014: $19,567,8992014Assets 2015: $27,965,540Liabilities 2015: $8,897,894Net Assets 2015: $19,067,6462015Assets 2016: $28,188,729Liabilities 2016: $11,439,469Net Assets 2016: $16,749,2602016Assets 2017: $29,000,352Liabilities 2017: $9,667,012Net Assets 2017: $19,333,3402017Assets 2018: $30,676,464Liabilities 2018: $9,472,362Net Assets 2018: $21,204,1022018Assets 2019: $32,083,065Liabilities 2019: $11,115,587Net Assets 2019: $20,967,4782019Assets 2020: $49,895,625Liabilities 2020: $14,461,060Net Assets 2020: $35,434,5652020Assets 2021: $67,295,611Liabilities 2021: $15,779,258Net Assets 2021: $51,516,3532021Assets 2022: $66,835,840Liabilities 2022: $10,646,826Net Assets 2022: $56,189,0142022Assets 2023: $75,600,275Liabilities 2023: $12,931,686Net Assets 2023: $62,668,5892023Assets 2024: $76,438,841Liabilities 2024: $12,355,444Net Assets 2024: $64,083,3972024

Highlighted filing

2024

Assets$76,438,841
Liabilities$12,355,444
Net Assets$64,083,397

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2011: $12,467,4532011Expenses 2012: $13,671,7712012Expenses 2013: $14,017,9622013Revenue 2014: $15,971,441Expenses 2014: $15,011,498Net Income 2014: $959,9432014Revenue 2015: $16,223,782Expenses 2015: $15,815,560Net Income 2015: $408,2222015Revenue 2016: $17,638,224Expenses 2016: $17,180,836Net Income 2016: $457,3882016Revenue 2017: $19,596,688Expenses 2017: $19,222,102Net Income 2017: $374,5862017Revenue 2018: $21,957,118Expenses 2018: $20,921,741Net Income 2018: $1,035,3772018Revenue 2019: $24,290,955Expenses 2019: $23,085,840Net Income 2019: $1,205,1152019Revenue 2020: $38,276,243Expenses 2020: $22,609,264Net Income 2020: $15,666,9792020Revenue 2021: $38,136,745Expenses 2021: $25,698,946Net Income 2021: $12,437,7992021Revenue 2022: $32,830,849Expenses 2022: $27,148,181Net Income 2022: $5,682,6682022Revenue 2023: $33,456,074Expenses 2023: $28,418,457Net Income 2023: $5,037,6172023Revenue 2024: $30,632,283Expenses 2024: $31,004,263Net Income 2024: -$371,9802024

Highlighted filing

2024

Revenue$30,632,283
Expenses$31,004,263
Net Income-$371,980

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$76.4$12.4$64.1$30.6$31.0$0.37
2023Detailed filing. Detailed filing data is available for this year.$75.6$12.9$62.7$33.5$28.4$5.04
2022Detailed filing. Detailed filing data is available for this year.$66.8$10.6$56.2$32.8$27.1$5.68
2021Detailed filing. Detailed filing data is available for this year.$67.3$15.8$51.5$38.1$25.7$12.4
2020Detailed filing. Detailed filing data is available for this year.$49.9$14.5$35.4$38.3$22.6$15.7
2019Detailed filing. Detailed filing data is available for this year.$32.1$11.1$21.0$24.3$23.1$1.21
2018Detailed filing. Detailed filing data is available for this year.$30.7$9.47$21.2$22.0$20.9$1.04
2017Detailed filing. Detailed filing data is available for this year.$29.0$9.67$19.3$19.6$19.2$0.37
2016Detailed filing. Detailed filing data is available for this year.$28.2$11.4$16.7$17.6$17.2$0.46
2015Detailed filing. Detailed filing data is available for this year.$28.0$8.90$19.1$16.2$15.8$0.41
2014Detailed filing. Detailed filing data is available for this year.$23.9$4.29$19.6$16.0$15.0$0.96
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$5.08$16.8$14.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$6.01$13.7$13.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$4.04$15.3$12.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$30,987,586
Mission and Program Overview

Mission

The mission of the hebrew academy is to imbue all students with a love of g-d, torah and eretz yisroel and to prepare them to achieve excellence in torah and general knowledge based on successful cooperation among family, judaic and general studies faculty and community. The creation of eretz yisroel is one of the seminal events in jewish history. Recognizing the significance of eretz yisroel and its national institutions, we seek to instill in our students an attachment to eretz yisroel and its people as well as a sense of responsibility for their welfare.

Academy offering a complete judaic & secular educational program from pre-k through high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$38,579,420$44,593,516▲ $6,014,096
Investments in Publicly Traded Securities$22,668,023$21,308,615▼ $1,359,408
Pledges and Grants Receivable$7,591,982$4,469,225▼ $3,122,757
Savings and Temporary Cash Investments$1,804,562$2,096,376▲ $291,814
Cash and Non-Interest-Bearing Accounts$2,153,109$1,587,195▼ $565,914
Accounts Receivable$1,676,835$1,163,193▼ $513,642
Investments Other Securities$937,009$1,031,682▲ $94,673
Other Notes and Loans Receivable, Net$176,401$176,401→ $0
Prepaid Expenses and Deferred Charges$12,934$12,638▼ $296
Total Assets$75,600,275$76,438,841▲ $838,566
Liabilities
Unsecured Notes Loans Payable$5,560,367$5,306,219▼ $254,148
Accounts Payable and Accrued Expenses$3,327,140$3,302,332▼ $24,808
Other Liabilities$3,890,314$2,987,431▼ $902,883
Deferred Revenue$153,865$759,462▲ $605,597
Total Liabilities$12,931,686$12,355,444▼ $576,242
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,905,055$50,894,707▲ $5,989,652
Net Assets With Donor Restrictions$17,763,534$13,188,690▼ $4,574,844
Total Net Assets Fund Balance$62,668,589$64,083,397▲ $1,414,808
Total Liabilities and Net Assets / Fund Balance$75,600,275$76,438,841▲ $838,566

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,712,935$11,770,842$44,483,777
Leasehold Improvements$3,807,543$5,853,535$9,661,078
Land$6,152,027-$6,152,027
Equipment$1,733,860$3,375,438$5,109,298
Other Land Buildings$187,151$404,867$592,018

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$12,107,447-▲ $950,154-$13,057,601
2022$10,489,270$1,000,000▲ $618,177-$12,107,447
2021$11,425,082$15,000▼ $950,812-$10,489,270
2020$9,566,963$15,000▲ $1,846,263-$11,425,082
2019$9,609,153$15,000▼ $54,034-$9,566,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rabbi Eli DesslerFinancial DirectorFT$210,398$6,312$216,710
Rabbi Simcha DesslerEducational DirectorFT$210,098$6,303$216,401
Michele WeissControllerFT$170,500$5,115$175,615
Tzipoporah ZelaskoHigh School PrincipalFT$141,500$4,245$145,745
Dr Phillip SchwartzPrincipalFT$132,464$3,974$136,438
Revenue and Support

Revenue Composition

Contributions and Grants
$8,377,976
Program Service Revenue
$21,781,762
Investment Income
$625,171
Other Revenue
$-152,626
All Other Contributions
$5,565,327
Change in Net Assets
$-371,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,437,555
Revenue Not Reported on Financial Statements
$7,194,728
Revenue Not Reported on Form 990
$1,239,208
Other Revenue Adjustments
$7,194,728
Total Revenue per Audited Statements
$24,676,763
Total Revenue per Form 990
$30,632,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,649,063
Other Expenses$9,335,326
Grants and Similar Amounts Paid$8,019,874
Total Fundraising Expense$717,382
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,977,603$957,526$277,037$12,212,166
Grants to Domestic Individuals$7,194,728--$7,194,728
Depreciation Depletion$2,201,783$193,563$24,195$2,419,541
Office Expenses$1,406,918$290,549$58,675$1,756,142
Occupancy$1,718,160$25,454-$1,743,614
Fees for Services Other$832,710$468,384-$1,301,094
Payroll Taxes$744,557$170,133$19,842$934,532
Grants to Domestic Orgs$825,146--$825,146
Pension Plan Contributions$345,739$61,739$4,116$411,594
Interest-$204,057-$204,057
Information Technology$125,849$4,251-$130,100
Other Employee Benefits$76,247$13,616$908$90,771
Travel$89,074--$89,074
Other Expenses$18,000$14,204$18,000$36,000
Fees for Services Accounting-$30,392-$30,392
Total Functional Expenses$27,853,013$2,433,868$717,382$31,004,263

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$31,004,263
Total Expenses per Audited Statements$24,164,838
Expenses per Audited Statements$23,809,535
Expenses Not Reported on Financial Statements$7,194,728
Other Expense Adjustments$7,194,728
Expenses Not Reported on Form 990$355,303
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hebrew Academy of ClevelandCleveland Heights, OH501(c)(3)General Support$99,608
Toras ChaimChestnut Rdg, NY501(c)(3)General Support$72,500
Telshe Alumni Gemilus ChesedCleveland Hts, OH501(c)(3)General Support$50,000
Bais EfraimMonsey, NY501(c)(3)General Support$35,000
Friends of Nahal HareidiAirmont, NY501(c)(3)General Support$31,970
Keren Y&yLakewood, NJ501(c)(3)General Support$30,300
Cong Zichron EliezerBrooklyn, NY501(c)(3)General Support$30,000
Beth MikrohMonsey, NY501(c)(3)General Support$27,500
American Friends of Ptach IsraelBrooklyn, NY501(c)(3)General Support$25,000
Bina Girls High SchoolNorfolk, VA501(c)(3)General Support$25,000
Kad RivkaBaltimore, MD501(c)(3)General Support$25,000
Central Fund of IsraelCedarhurst, NY501(c)(3)General Support$24,355
Zichron MenachemNew York, NY501(c)(3)General Support$22,000
Agudath IsraelSouth Euclid, OH501(c)(3)General Support$15,350
Cong Masores HachinuchSpring Valley, NY501(c)(3)General Support$14,250
AMERICAN FRIENDS OF YESHIVA D'MIRBrooklyn, NY501(c)(3)General Support$13,500
American Friends of Yeshivas Nesivos AhronChicago, IL501(c)(3)General Support$10,000
Cleveland Torah CenterUniversity Heights, OH501(c)(3)General Support$8,500
Operation Open CurtainBeachwood, OH501(c)(3)General Support$8,500
Bais Yaakov Chafetz ChaimPomona, NY501(c)(3)General Support$8,000
Zichron Naftali Cong IncMiami, FL501(c)(3)General Support$7,600
American Friends of Beth TefillahBaltimore, MD501(c)(3)General Support$7,000
Keren MenachemBrooklyn, NY501(c)(3)General Support$6,600
Yeshiva Gedola of Blooming GroveWashingtonvle, NY501(c)(3)General Support$6,500
Bais Yaakov of Spring ValleyMonsey, NY501(c)(3)General Support$6,000
Ohr YosefBrooklyn, NY501(c)(3)General Support$6,000
Yeshiva Ktana Toras ChaimChestnut Rdg, NY501(c)(3)General Support$6,000
Cong Zichron ChaimLakewood, NJ501(c)(3)General Support$5,554
Ahavath IsraelCleveland, OH501(c)(3)General Support$5,500
Yeshiva Ketana of QueensFlushing, NY501(c)(3)General Support$5,400
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$355,303
Fundraising Gross Income$36,427
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chinese Auction$96,013-$43,215-
Dinner$36,427$36,427$9,423$27,004
Total Events$132,440$36,427$355,303$-318,876
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension Liability$2,987,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section A, Line 2

Rabbi simcha dessler, rabbi eli dessler and reuven dessler have a family relationship. Hymie keller and david keller have a family relationship. Amir jaffa, yoni klein, and nati klein have a family relationship. Ivan soclof and david seiger have a family relationship. Mark berkowitz and david farkas have a family relationship. Louis malcmacher, dovid malcmacher, and shlomo malcmacher have a family relationship. David pollack, nathan pollack, and adam pollack have a family relationship. Jonathan heifetz and nissi heifetz have a family relationship. Howard goldman and suri goldman have a family relationship. Sam salamon and yehuda salamon have a family relationship.

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

Our 990 is approved by the board of directors before the return is filed with the irs.

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

Each trustee, officer, committee member and employee in a position to influence or vote on school policy or expenditures ("key individualcollectively "key individuals") shall exercise good faith in all transactions relating to the school and shall not use his or her position of knowledge gained therefrom, directly or indirectly, to permit a conflict to arise between the school interests and: 1.) such key individual's personal interest: 2.) the personal interests of a spouse or other family member of the key individual (the "family members") 3.) the interests of any corporation, partnership, proprietorship, firm, association or other entity in which a key individual or family member is a director, trustee, officer or is an employee with significant administrative responsibilities or in which such person has any financial interest (or if a publicly traded company, an ownership interest of at least 5%) as a shareholder, partner, owner or otherwise (collectively, "related entities"). All acts of key individuals shall be undertaken for the benefit of the school with respect to transactions, activities or dealings related to the school. With respect to any proposed contract or other transaction (other than an allocation or grant to a beneficiary agency or other charitable organization made for further enhancement of the school's exempt purposes) between the school and one or more key individuals, family members, or related entities, which is considered by the board of trustees, the officers, or any committee of the school, for authorization, approval or ratification, the following rules shall apply: 1.) full disclosure of the relationship or interest shall be made by the key individual to the president of the school and the chairman of any committee acting on the contract or transaction prior to discussion or action on such contract or transaction. 2.) the contract or transaction will be considered properly authorized,approved, or ratified only if there is a favorable vote of a majority of the school's trustees, officers or committee members (whichever group is acting on the contract or transaction) present and voting at such meeting and the key individual who has such a relationship or interest does not vote upon or use his or her personal influence on nor participate in (other than to present factual information or respond to questions) the discussion or deliberations with respect to such contract or transaction; 3.) the key individual who has such a relationship or interest shall not be counted in determining the existence of a quorum for the purpose of voting upon the contract or transaction at any meeting; 4.) the minutes of the meeting shall reflect the disclosure made, the vote taken and, where applicable, the abstention from voting and participation of the key individual. This conflict of interest policy shall be reviewed annually at the initial meeting of the board of trustees following the corporation's annual meeting and any new key individual shall be provided with a copy of this policy upon commencement of his or her position. A copy of this policy shall also be sent at least annually to each key individual

Form 990, Part VI, Section B, Line 15

Each administrator and principal is approved by the executive board of directors. Each position is compared to similar positions in other jewish day schools across the country and then the cost of living is taken into consideration. In 2018 a high school principal, a preschool director, and a principal for general studies elementary girls were hired. In 2017 a junior high principal and elementary girls principal were hired. In 2014 a general studies elementary boys principal were hired. All of the other adminstrators have been here from between 10-20 years.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hebrew Academy of Cleveland
EIN
34-0714428
Phone
2163215838
Address
1860 SOUTH TAYLOR ROAD, CLEVELAND HEIGHTS, OH 44118

Signing Officer

Name
Michele Weiss
Title
Controller
Phone
2163215838
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Louis Malcmacher
Formed
1943
Legal Domicile
Oh
Voting Board Members
51
Independent Board Members
51
Employees
577
Volunteers
100

Preparer

Firm
Cohen & Co Advisory LLC
Address
OFFICES LISTED AT, WWWCOHENCOCOM, OH 44115
Preparer
Pargat Singh
Phone
8002291099
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in unfunded pension liability 902,883.

FORM 990, PART XII, LINE 2C:

No process has changed from prior year.

Financial Statement Notes

PART V, LINE 4:

The academy's endowment consists of 7 individual funds established for a variety of purposes and to support its program.

PART X, LINE 2:

The academy is organized as a nonprofit organization exempt from income tax under 501(c)(3) of the internal revenue code. The academy's income tax filings are subject to audit by various taxing authorities. In evaluating the academy's activities, management believes its position of tax-exempt status is appropriate based on current facts and circumstances, and there have been no uncertain positions taken related to recording income taxes as of june 30, 2024. Management has also assessed that there are no activities unrelated to the purpose of the academy and therefore no tax is to be recognized. It is the policy of the academy to include in operating expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in operating expenses for the year ended june 30, 2024.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted with revenue 355,303.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition subvention 7,194,728.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

FUNDRAISING 355,303.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition subvention 7,194,728.

Raw XML AppendixShowing 400 of 1,244 raw XML fields

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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IRS990/Desc0THE ACADEMY, OFFERING A COMPLETE AWARD-WINNING JUDAIC AND SECULAR EDUCATIONAL PROGRAM FROM PRE-KINDERGARTEN THROUGH HIGH SCHOOL OPENED ITS DOORS FOR THE 81ST SEASON IN SEPTEMBER OF 2023 WITH AN ENROLLMENT OF 1,475 STUDENTS. THE ACADEMY IS THE LARGEST DAY SCHOOL IN THE STATE OF OHIO. WITH EXCELLENCE AS OUR MOTTO WE STRIVE TO ASCERTAIN THE ABILITIES OF EACH CHILD AND TO HELP EACH CHILD ACHIEVE HIS OR HER FULLEST POTENTIAL. IN ADDITION TO ITS REGULAR CLASSES, TOGETHER WITH THE LOCAL SCHOOL DISTRICT, WE PROVIDE OUR STUDENTS WITH THE SERVICES OF A SCHOOL NURSE, SCHOOL INTERVENTIONISTS, SOCIAL WORKERS, LANGUAGE AND SPEECH SPECIALISTS AND SEVERAL REMEDIAL TEACHERS. SOME OF THE PROFESSIONALS, TOGETHER WITH MEMBERS OF THE SCHOOL'S EDUCATIONAL ADMINISTRATION, FORM A CASE CONFERENCE TEAM WHICH MEETS REGULARLY TO DISCUSS THE PROGRESS OFINDIVIDUAL STUDENTS BROUGHT TO THEIR ATTENTION BY TEACHERS, AND OUTLINE AN INDIVIDUAL EDUCATIONAL PROGRAM FOR EACH CHILD.
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