Civic Intelligence

Yeshiva Derech Hatorah

990 • Fiscal year 2019 • EIN 47-4574851

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 30, 2020

1508 Warrensville Center RdCLEVELAND heights, OH 44121

(216) 706-3889

Siviq Scores

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

Liabilities / Assets

59th percentile

0.30x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.14x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

60th percentile

6.8%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

18%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,684,114

Up $296,505 (+6.8%) from 2018

Net Assets

Up

$3,290,042

Up $165,681 (+5.3%) from 2018

Liabilities

Up

$1,394,072

Up $130,824 (+10%) from 2018

Revenue

Up

$9,981,398

Up $1,490,547 (+18%) from 2018

Expenses

Up

$9,823,780

Up $1,288,404 (+15%) from 2018

Net Income

Up

$157,618

Up $202,143 (+454%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $3,299,578Liabilities 2016: $1,250,881Net Assets 2016: $2,048,6972016Assets 2017: $4,558,579Liabilities 2017: $1,387,948Net Assets 2017: $3,170,6312017Assets 2018: $4,387,609Liabilities 2018: $1,263,248Net Assets 2018: $3,124,3612018Assets 2019: $4,684,114Liabilities 2019: $1,394,072Net Assets 2019: $3,290,0422019Assets 2020: $7,236,780Liabilities 2020: $2,161,988Net Assets 2020: $5,074,7922020Assets 2021: $14,161,211Liabilities 2021: $2,779,666Net Assets 2021: $11,381,5452021Assets 2022: $16,678,076Liabilities 2022: $3,216,698Net Assets 2022: $13,461,3782022Assets 2023: $16,261,361Liabilities 2023: $2,920,843Net Assets 2023: $13,340,5182023Assets 2024: $16,412,040Liabilities 2024: $2,567,131Net Assets 2024: $13,844,9092024

Highlighted filing

2019

Assets$4,684,114
Liabilities$1,394,072
Net Assets$3,290,042

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2016: $5,200,324Expenses 2016: $4,352,639Net Income 2016: $847,6852016Revenue 2017: $8,266,982Expenses 2017: $7,584,141Net Income 2017: $682,8412017Revenue 2018: $8,490,851Expenses 2018: $8,535,376Net Income 2018: -$44,5252018Revenue 2019: $9,981,398Expenses 2019: $9,823,780Net Income 2019: $157,6182019Revenue 2020: $12,523,364Expenses 2020: $10,757,188Net Income 2020: $1,766,1762020Revenue 2021: $18,658,686Expenses 2021: $12,558,323Net Income 2021: $6,100,3632021Revenue 2022: $15,371,631Expenses 2022: $12,979,006Net Income 2022: $2,392,6252022Revenue 2023: $13,883,561Expenses 2023: $14,179,868Net Income 2023: -$296,3072023Revenue 2024: $15,742,752Expenses 2024: $15,497,885Net Income 2024: $244,8672024

Highlighted filing

2019

Revenue$9,981,398
Expenses$9,823,780
Net Income$157,618
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 30, 2020
Return Version
2018v3.3
Gross Receipts
$10,100,992
Mission and Program Overview

Mission

To create a learning environment with jewish tradition and values that strives to help every student attain their highest educational goal.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,277,343$2,225,032▼ $52,311
Loans From Officers Directors$712,131$685,595▼ $26,536
Accounts Receivable$505,500$505,955▲ $455
Investments Other Securities$441,975$455,215▲ $13,240
Cash and Non-Interest-Bearing Accounts$239,983$413,327▲ $173,344
Savings and Temporary Cash Investments$333,420$298,631▼ $34,789
Inventories for Sale or Use$111,621$297,469▲ $185,848
Pledges and Grants Receivable$72,501$249,851▲ $177,350
Intangible Assets$180,235$176,013▼ $4,222
Prepaid Expenses and Deferred Charges$225,031$62,621▼ $162,410
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Total Assets$4,387,609$4,684,114▲ $296,505
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$542,342$603,629▲ $61,287
Deferred Revenue$8,775$104,848▲ $96,073
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,263,248$1,394,072▲ $130,824
Net Assets / Fund Balance
Unrestricted Net Assets$3,113,726$3,284,707▲ $170,981
Temporarily Rstr Net Assets$10,635$5,335▼ $5,300
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,124,361$3,290,042▲ $165,681
Total Liabilities and Net Assets / Fund Balance$4,387,609$4,684,114▲ $296,505

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,831,842$257,171$2,089,013
Equipment$174,279$163,693$337,972
Leasehold Improvements$91,911$123,190$215,101
Land$127,000-$127,000
Other Land Buildings--$0
Other Securities$445,411--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark Weiss CPADirector & President
Aaron SonnenscheinDirector
Noach ScheinbaumDirector
Eric Yitz FrankDirector & Treasurer
Irving Berliner EsquireDirector,vice Pres.& Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,713,108
Program Service Revenue
$7,223,641
Investment Income
$5,740
Other Revenue
$1,038,909
All Other Contributions
$863,356
Change in Net Assets
$157,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,634,777
Revenue Not Reported on Financial Statements
$3,346,621
Revenue Not Reported on Form 990
$227,657
Other Revenue Adjustments
$3,346,621
Total Revenue per Audited Statements
$6,862,434
Total Revenue per Form 990
$9,981,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,880,019
Grants and Similar Amounts Paid$3,346,621
Other Expenses$2,597,140
Total Fundraising Expense$136,831
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,102,049$394,031$89,275$3,585,355
Grants to Domestic Individuals$3,346,621--$3,346,621
Fees for Services Other$253,885$82,931$5,644$342,460
Occupancy$233,239$29,627$6,712$269,578
All Other Expenses$198,343$19,333$6,468$224,144
Office Expenses$166,192$51,856$3,361$221,409
Depreciation Depletion$188,735$23,973$5,432$218,140
Payroll Taxes$176,863$22,466$5,090$204,419
Other Expenses$55,812$7,089$1,606$64,507
Pension Plan Contributions$42,307$5,374$1,217$48,898
Other Employee Benefits$35,773$4,544$1,030$41,347
Fees for Services Accounting$0$26,653$0$26,653
Interest$22,745$2,889$655$26,289
Fees for Services Legal$0$13,741$0$13,741
Travel$3,352$0$947$4,299
Total Functional Expenses$8,936,296$750,653$136,831$9,823,780

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,823,780
Total Expenses per Audited Statements$6,696,753
Expenses per Audited Statements$6,477,159
Expenses Not Reported on Financial Statements$3,346,621
Other Expense Adjustments$3,346,621
Expenses Not Reported on Form 990$219,594
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$72,691
Gaming Gross Income$66,076
Fundraising Direct Expenses$46,903
Fundraising Gross Income$19,375
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
See Part Iv$294,873-$22,916-
Mishloach Mano$19,375$19,375$13,180$6,195
Total Events$314,248$19,375$41,534$-22,159
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$712,131$685,595▼ $26,536
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 8:

Although a calendar of the meetings and attendees is maintained along with the participant's notes of the issues discussed, no formal minutes are recorded, reviewed and approved.

FORM 990, PART VI, SECTION B, LINE 11:

The final draft of the 990 is provided to all members of the Board of Directors after it has been reviewed by Management and prior to filing with the IRS. Any comments or questions are addressed before filing the return.

FORM 990, PART VI, SECTION B, LINE 12C:

Each board member is required to make known if conflicts exist and to abstain from voting on an issue where any personal interest is at stake.

FORM 990, PART VI, SECTION C, LINE 19:

Yeshiva derech hatorah's governing documents, conflict of interest policy, and financial statements are available upon request to the public.

Filing and Contact Details

Filer

Filer Name
Yeshiva Derech Hatorah
EIN
47-4574851
In Care Of
% MICHAEL TOHN (ED)
Phone
2167063889
Address
1508 WARRENSVILLE CENTER RD, CLEVELAND heights, OH 44121

Signing Officer

Name
Eric Frank
Title
treasurer
Phone
2167063889
Signed
2020-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Weiss CPA
Formed
2015
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
215
Volunteers
120

Preparer

Firm
Bdo USA Llp
Address
32125 SOLON ROAD STE 200, CLEVELAND, OH 44139
Preparer
Jacob Cook
Phone
4402488787
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

YDT has implemented the accounting guidance for Uncertainty in Income Taxes. YDTs income tax filings are subject to audit by various taxing authorities. In evaluating YDTs 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. In addition, the School is subject to income tax on net income that is derived from the business activities of Mosdos Press that are unrelated to their exempt purposes. YDT files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. It is the policy of YDT 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 periods ended June 30, 2019 or 2018. The unrelated business income of the School is primarily derived from the sales of textbooks which are subject to federal and state tax. At June 30, 2019 and 2018, the School recorded tax expense of approximately $68,000 and $47,000, respectively.

PART XI, LINE 2D- OTHER ADJUSTMENTS:

Fundraising & gaming expenses $119,594

PART XI, LINE 4B- OTHER ADJUSTMENTS:

Financial aid assistance $3,346,621

PART XII, LINE 2D- OTHER ADJUSTMENTS:

Fundraising & gaming expenses $119,594

PART XII, LINE 4B- OTHER ADJUSTMENTS:

Financial aid assistance $3,346,621

Raw XML AppendixShowing 400 of 621 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/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR & TREASURER
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY FUND

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