Civic Intelligence

Heichal Hatorah

990 • Fiscal year 2019 • EIN 46-1470485

Aug 01, 2018 to Jul 31, 2019 • Filed on May 21, 2019

70 Sterling PlaceTeaneck, NJ 07666

(201) 335-0633

Siviq Scores

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

Liabilities / Assets

90th percentile

1.05x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

2.40x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

25th percentile

-2.6%

Higher net margin than 25% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

75th percentile

$213,774

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Asset Growth

41st percentile

1.8%

Faster asset growth than 41% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

28%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,937,782

Up $157,972 (+1.8%) from 2018

Net Assets

Down

-$452,716

Down $104,137 (-30%) from 2018

Liabilities

Up

$9,390,498

Up $262,109 (+2.9%) from 2018

Revenue

Up

$3,905,431

Up $855,221 (+28%) from 2018

Expenses

Up

$4,008,763

Up $659,978 (+20%) from 2018

Net Income

Up

-$103,332

Up $195,243 (+65%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $71,279Liabilities 2014: $0Net Assets 2014: $71,2792014Assets 2015: $66,822Liabilities 2015: $14,396Net Assets 2015: $52,4262015Assets 2016: $8,875,053Liabilities 2016: $8,590,300Net Assets 2016: $284,7532016Assets 2017: $8,941,311Liabilities 2017: $8,890,445Net Assets 2017: $50,8662017Assets 2018: $8,779,810Liabilities 2018: $9,128,389Net Assets 2018: -$348,5792018Assets 2019: $8,937,782Liabilities 2019: $9,390,498Net Assets 2019: -$452,7162019Assets 2020: $9,037,185Liabilities 2020: $9,141,073Net Assets 2020: -$103,8882020Assets 2021: $9,684,505Liabilities 2021: $8,974,055Net Assets 2021: $710,4502021Assets 2022: $10,819,187Liabilities 2022: $10,216,143Net Assets 2022: $603,0442022Assets 2023: $10,376,440Liabilities 2023: $9,807,819Net Assets 2023: $568,6212023Assets 2024: $10,098,800Liabilities 2024: $9,604,147Net Assets 2024: $494,6532024

Highlighted filing

2019

Assets$8,937,782
Liabilities$9,390,498
Net Assets-$452,716

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $605,258Expenses 2014: $549,520Net Income 2014: $55,7382014Revenue 2015: $991,272Expenses 2015: $1,010,125Net Income 2015: -$18,8532015Revenue 2016: $2,260,954Expenses 2016: $2,028,627Net Income 2016: $232,3272016Revenue 2017: $2,639,872Expenses 2017: $2,873,759Net Income 2017: -$233,8872017Revenue 2018: $3,050,210Expenses 2018: $3,348,785Net Income 2018: -$298,5752018Revenue 2019: $3,905,431Expenses 2019: $4,008,763Net Income 2019: -$103,3322019Revenue 2020: $5,047,376Expenses 2020: $4,706,956Net Income 2020: $340,4202020Revenue 2021: $5,865,535Expenses 2021: $5,058,375Net Income 2021: $807,1602021Revenue 2022: $6,462,194Expenses 2022: $6,578,541Net Income 2022: -$116,3472022Revenue 2023: $6,484,765Expenses 2023: $6,537,120Net Income 2023: -$52,3552023Revenue 2024: $7,447,274Expenses 2024: $7,545,365Net Income 2024: -$98,0912024

Highlighted filing

2019

Revenue$3,905,431
Expenses$4,008,763
Net Income-$103,332
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
May 21, 2019
Return Version
2018v3.2
Gross Receipts
$3,996,068
Mission and Program Overview

Mission

Provide religious and secular education to high school boys

Provide religious and secular education for high school boys

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,894,572$8,022,675▲ $128,103
Cash and Non-Interest-Bearing Accounts$763,500$749,734▼ $13,766
Accounts Receivable$74,044$110,760▲ $36,716
Pledges and Grants Receivable$43,694$39,760▼ $3,934
Prepaid Expenses and Deferred Charges$4,000$8,477▲ $4,477
Intangible Assets-$6,376-
Total Assets$8,779,810$8,937,782▲ $157,972
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,160,000$8,031,380▼ $128,620
Accounts Payable and Accrued Expenses$498,841$801,266▲ $302,425
Deferred Revenue$265,423$448,553▲ $183,130
Other Liabilities$169,125$109,299▼ $59,826
Unsecured Notes Loans Payable$35,000--
Total Liabilities$9,128,389$9,390,498▲ $262,109
Net Assets / Fund Balance
Temporarily Rstr Net Assets$760,000$645,906▼ $114,094
Unrestricted Net Assets$-1,108,579$-1,098,622▲ $9,957
Total Net Assets Fund Balance$-348,579$-452,716▼ $104,137
Total Liabilities and Net Assets / Fund Balance$8,779,810$8,937,782▲ $157,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,931,903$523,906$6,455,809
Land$1,594,162-$1,594,162
Other Land Buildings$495,373$15,750$511,123
Leasehold Improvements$1,237$3,127$4,364
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Bezalel a StechlerHead of Scho$194,736$19,038$213,774
Bezalel a StechlerHead of School$194,736$19,038$213,774
Maccabee AvishurTeacher$128,731-$128,731
David KometTeacher$119,565-$119,565
Yisrael EpsteinTeacher$104,167-$104,167

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$962,680
Program Service Revenue
$2,812,560
Investment Income
$0
Other Revenue
$130,191
All Other Contributions
$661,926
Change in Net Assets
$-103,332

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,406,425
Revenue Not Reported on Financial Statements
$499,006
Other Revenue Adjustments
$499,006
Total Revenue per Audited Statements
$3,406,425
Total Revenue per Form 990
$3,905,431
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,164,783
Other Expenses$1,344,974
Grants and Similar Amounts Paid$499,006
Total Fundraising Expense$36,855
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,526,990$27,623-$1,554,613
Grants to Domestic Individuals$499,006--$499,006
Other Employee Benefits$264,444$29,885-$294,329
Current Officers, Directors, Trustees, and Key Employees$44,736$150,000-$194,736
Depreciation Depletion$152,736$28,031-$180,767
Payroll Taxes$108,808$12,297-$121,105
Office Expenses-$117,220-$117,220
Interest-$106,210-$106,210
Advertising--$36,855$36,855
Insurance$36,789--$36,789
Other Expenses$42,569$30,082-$30,082
Information Technology$13,103$2,992-$16,095
All Other Expenses-$9,495-$9,495
Total Functional Expenses$3,252,158$719,750$36,855$4,008,763

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,008,763
Expenses per Audited Statements$3,510,562
Total Expenses per Audited Statements$3,510,562
Expenses Not Reported on Financial Statements$498,201
Other Expense Adjustments$498,201
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$139,770
Fundraising Direct Expenses$90,637
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$115,920$115,920$36,631$79,289
Dinner$324,604$23,850-$23,850
Total Events$440,524$139,770$90,637$49,133
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental Deposits$77,941
Contract Payable$31,358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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, Page 6, Part VI, Line 2

Yossi stechler aryeh stechler board member dean father-son

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

990 given to committee to review prior to filing.

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

Committee to resolve potential conflicts.

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

Board of directors reviews compensation of key employee and other highly compensated individuals

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

Compensation on par with similar positions

Form 990, Page 6, Part VI, Line 19

Documents available for inspection at the school offices

Filing and Contact Details

Filer

Filer Name
Heichal Hatorah
EIN
46-1470485
Phone
2013350633
Address
70 STERLING PLACE, TEANECK, NJ 07666

Signing Officer

Name
Bezalel a Stechler
Title
Head of School
Phone
2013350633
Signed
2019-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avi Goldenberg
Formed
2012
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
57

Preparer

Firm
Srg Advisors LLC
Address
ONE UNIVERSITY PLAZA DR SUITE 311, HACKENSACK, NJ 07601
Preparer
Leon Schenker
Phone
2015251222
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book vs. Tax depreciation -805

Financial Statement Notes

Schedule D, Page 3, Part X

Part x - fin 48 footnote: the school evaluates, on an annual basis, the effects of any uncertain tax positions taken on its tax returns (irs form 990). As of july 31, 2019, no such positions have been identified.

Schedule D, Page 4, Part XI, Line 4B

Scholarships netted against income 499,006

Schedule D, Page 4, Part XII, Line 4B

Scholarships netted against income 499,006 book/tax depr -7,181 book / tax depreciation difference 6,376

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X - FIN 48 FOOTNOTE: THE SCHOOL EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS TAKEN ON ITS TAX RETURNS (IRS FORM 990). AS OF JULY 31, 2019, NO SUCH POSITIONS HAVE BEEN IDENTIFIED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS NETTED AGAINST INCOME 499,006
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS NETTED AGAINST INCOME 499,006 BOOK/TAX DEPR -7,181 BOOK / TAX DEPRECIATION DIFFERENCE 6,376
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0AVAILABLE ON BROCHURES AND WEBSITE.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
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