Civic Intelligence

The Hebrew Day School of Broward County

EIN 59-1606514 • 501(c)3 • Davie, FL

Profile

To provide the highest quality of education in a jewish environment in which the students will develop in a positive manner spiritually, physically, intellectually, emotionally and socially.

5810 South Pine Island RoadDavie, FL 33328

www.posnackschool.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.40x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.60x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$694,663

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

59th percentile

7.6%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-3.6%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$41,090,713

Up $2,911,861 (+7.6%) from 2023

Liabilities

Down

$16,526,690

Down $763,081 (-4.4%) from 2023

Net Assets

Up

$24,564,023

Up $3,674,942 (+18%) from 2023

Revenue

Down

$27,497,743

Down $1,015,734 (-3.6%) from 2023

Expenses

Up

$23,876,862

Up $1,207,517 (+5.3%) from 2023

Net Income

Down

$3,620,881

Down $2,223,251 (-38%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $4,089,892Liabilities 2010: $3,298,445Net Assets 2010: $791,4472010Assets 2011: $3,382,997Liabilities 2011: $2,589,241Net Assets 2011: $793,7562011Assets 2012: $3,707,077Liabilities 2012: $2,745,306Net Assets 2012: $961,7712012Assets 2013: $3,647,102Liabilities 2013: $2,770,062Net Assets 2013: $877,0402013Assets 2014: $4,602,282Liabilities 2014: $3,257,998Net Assets 2014: $1,344,2842014Assets 2015: $10,058,316Liabilities 2015: $6,451,095Net Assets 2015: $3,607,2212015Assets 2016: $12,346,813Liabilities 2016: $8,271,075Net Assets 2016: $4,075,7382016Assets 2017: $18,969,711Liabilities 2017: $12,346,168Net Assets 2017: $6,623,5432017Assets 2018: $19,505,073Liabilities 2018: $13,774,274Net Assets 2018: $5,730,7992018Assets 2019: $21,513,369Liabilities 2019: $14,341,512Net Assets 2019: $7,171,8572019Assets 2020: $26,334,830Liabilities 2020: $19,673,997Net Assets 2020: $6,660,8332020Assets 2021: $27,436,215Liabilities 2021: $16,429,374Net Assets 2021: $11,006,8412021Assets 2022: $31,151,205Liabilities 2022: $16,467,111Net Assets 2022: $14,684,0942022Assets 2023: $38,178,852Liabilities 2023: $17,289,771Net Assets 2023: $20,889,0812023Assets 2024: $41,090,713Liabilities 2024: $16,526,690Net Assets 2024: $24,564,0232024

Highlighted filing

2024

Assets$41,090,713
Liabilities$16,526,690
Net Assets$24,564,023

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $6,954,3532010Revenue 2011: $6,755,462Expenses 2011: $6,753,153Net Income 2011: $2,3092011Expenses 2012: $7,138,2412012Expenses 2013: $7,984,9512013Revenue 2014: $9,507,775Expenses 2014: $9,040,531Net Income 2014: $467,2442014Revenue 2015: $12,219,852Expenses 2015: $9,956,915Net Income 2015: $2,262,9372015Revenue 2016: $12,151,130Expenses 2016: $11,682,613Net Income 2016: $468,5172016Revenue 2017: $16,035,222Expenses 2017: $13,537,944Net Income 2017: $2,497,2782017Revenue 2018: $16,097,310Expenses 2018: $16,151,523Net Income 2018: -$54,2132018Revenue 2019: $19,498,690Expenses 2019: $18,057,632Net Income 2019: $1,441,0582019Revenue 2020: $19,257,223Expenses 2020: $18,540,215Net Income 2020: $717,0082020Revenue 2021: $22,259,847Expenses 2021: $18,693,558Net Income 2021: $3,566,2892021Revenue 2022: $23,429,832Expenses 2022: $20,939,876Net Income 2022: $2,489,9562022Revenue 2023: $28,513,477Expenses 2023: $22,669,345Net Income 2023: $5,844,1322023Revenue 2024: $27,497,743Expenses 2024: $23,876,862Net Income 2024: $3,620,8812024

Highlighted filing

2024

Revenue$27,497,743
Expenses$23,876,862
Net Income$3,620,881

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.1$16.5$24.6$27.5$23.9$3.62
2023Detailed filing. Detailed filing data is available for this year.$38.2$17.3$20.9$28.5$22.7$5.84
2022Detailed filing. Detailed filing data is available for this year.$31.2$16.5$14.7$23.4$20.9$2.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$16.4$11.0$22.3$18.7$3.57
2020Detailed filing. Detailed filing data is available for this year.$26.3$19.7$6.66$19.3$18.5$0.72
2019Detailed filing. Detailed filing data is available for this year.$21.5$14.3$7.17$19.5$18.1$1.44
2018Detailed filing. Detailed filing data is available for this year.$19.5$13.8$5.73$16.1$16.2$0.05
2017Detailed filing. Detailed filing data is available for this year.$19.0$12.3$6.62$16.0$13.5$2.50
2016Detailed filing. Detailed filing data is available for this year.$12.3$8.27$4.08$12.2$11.7$0.47
2015Detailed filing. Detailed filing data is available for this year.$10.1$6.45$3.61$12.2$9.96$2.26
2014Detailed filing. Detailed filing data is available for this year.$4.60$3.26$1.34$9.51$9.04$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$2.77$0.88$7.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$2.75$0.96$7.14
2011Summary only. Only limited summary data is available for this year.$3.38$2.59$0.79$6.76$6.75$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$3.30$0.79$6.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 11, 2024
Return Version
2023v5.1
Gross Receipts
$27,497,743
Mission and Program Overview

Mission

To provide the highest quality of education in a jewish environment in which the students will develop in a positive manner spiritually, physically, intellectually, emotionally and socially.

To provide the highest quality education in a jewish environment where students will develop in a positive manner spiritually, physically, intellectually, emotionally & socially

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,041,877$20,890,397▼ $151,480
Cash and Non-Interest-Bearing Accounts$13,018,661$16,249,683▲ $3,231,022
Pledges and Grants Receivable$766,403$629,924▼ $136,479
Prepaid Expenses and Deferred Charges$86,901$165,706▲ $78,805
Accounts Receivable$145,379$112,250▼ $33,129
Investments in Publicly Traded Securities$500$500→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$38,178,852$41,090,713▲ $2,911,861
Other Assets Total$3,119,131$3,042,253▼ $76,878
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,520,440$8,149,697▼ $370,743
Deferred Revenue$6,192,619$5,729,068▼ $463,551
Other Liabilities$1,733,351$1,817,224▲ $83,873
Accounts Payable and Accrued Expenses$843,361$830,701▼ $12,660
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,289,771$16,526,690▼ $763,081
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,669,610$19,391,283▲ $3,721,673
Net Assets With Donor Restrictions$5,219,471$5,172,740▼ $46,731
Total Net Assets Fund Balance$20,889,081$24,564,023▲ $3,674,942
Total Liabilities and Net Assets / Fund Balance$38,178,852$41,090,713▲ $2,911,861

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,396,512$3,032,567$19,429,079
Equipment$991,931$3,070,882$4,062,813
Leasehold Improvements$637,115$2,243,659$2,880,774
Land$2,853,459-$2,853,459
Other Land Buildings$11,380$500,197$511,577
Other Assets Org$60,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Richard CuencaHead of SchoolFT$587,375$107,288$694,663
Dena DeckerCFOFT$268,476$29,292$297,768
Randi SchwartzChief Advancement OfficerFT$180,250$14,412$194,662
Gayle GreenIn-house Legal CounselFT$136,294$23,402$159,696
Yehoshua DraiChief of OperationsFT$139,797$17,899$157,696
Tamara ZaslowDirector of Curriculum & Instru.FT$135,677$9,542$145,219
Beth SpierLower School PrincipalFT$129,663$12,999$142,662

Board Members and Trustees

NameTitle
Sharon Attas KaplanBoard Chair
Harry WarticovschiFinance Chair
Samuel RubinsztainFinance Chair
Benjamin WainbergBoard Member
Craig FeldmanBoard Member
Dr Henry CusnirBoard Member
Dr Marla CotzenBoard Member
Gary MarksBoard Member
Karen DombeyBoard Member
Mariam PreschelBoard Member
Lisa DjamalSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCCatering Service500 E CHAMINADE DRIVE, Hollywood, FL 33021$2,388,310
Cleaning And Supplies INCCleaning Service7440 NW 8TH COURT, Plantation, FL 33162$869,959
Bryant SecuritySecurity Service16840 NE 19TH AVE, North Miami Beach, FL 33162$326,504
Revenue and Support

Revenue Composition

Contributions and Grants
$1,868,576
Program Service Revenue
$24,939,771
Investment Income
$599,362
Other Revenue
$90,034
All Other Contributions
$1,050,940
Change in Net Assets
$3,620,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,027,757
Other Expenses$9,428,530
Total Fundraising Expense$421,324
Grants and Similar Amounts Paid$420,575
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,708,759$1,425,745$94,670$11,229,174
Occupancy$1,852,881$97,520-$1,950,401
Depreciation Depletion$1,062,695$55,931-$1,118,626
Current Officers, Directors, Trustees, and Key Employees$367,797$429,832$257,458$1,055,087
Payroll Taxes$671,908$122,462$22,043$816,413
Other Employee Benefits$641,072$108,202$9,657$758,931
Other Expenses$452,267$24,613-$452,267
All Other Expenses$382,173$20,114$36,557$438,844
Grants to Domestic Individuals$420,575--$420,575
Interest-$357,355-$357,355
Insurance$256,205$13,484-$269,689
Advertising$170,269$35,300$2,076$207,645
Pension Plan Contributions$152,287$17,923$-2,058$168,152
Office Expenses$121,572$26,457$921$148,950
Information Technology$97,095$5,110-$102,205
Fees for Services Accounting$53,199$2,800-$55,999
Conferences and Meetings$23,385$1,231-$24,616
Fees for Services Legal$5,033$265-$5,298
Total Functional Expenses$20,711,194$2,744,344$421,324$23,876,862
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,269,719
Finance Lease Liabilities$280,624
Refundable Advances$266,881
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 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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 was prepared by a national accounting firm in conjunction with the organization's financial department. The finance committee chair and the board review and approve the form 990 before it is filed with the internal revenue service.

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

The board of directors are required to sign a conflict of interest policy annually. The organization requires board members to disclose any conflicts of interest.

FORM 990, PART VI, SECTION B, LINE 15:

The board of directors is responsible for approving salaries.

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
The Hebrew Day School of Broward County
EIN
59-1606514
In Care Of
% DENA DECKER
Phone
9545836100
Address
5810 South Pine Island Road, Davie, FL 33328
Doing Business As
The David Posnack Jewish Day School

Signing Officer

Name
Dena Decker
Title
CFO
Phone
9545836100
Signed
2024-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Cuenca
Formed
1975
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
187
Volunteers
50

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of interest rate swap.........$ 54,061

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code ("IRC") and sales and use tax under the laws of the State of Florida. In addition, the School has been determined by the Internal Revenue Service not to be a "private foundation" within the meaning of Section 509(a) of the IRC. There was no unrelated business income for each of the year ended June 30, 2024. The School recognizes and measures tax positions based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. The School does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The U.S. Federal jurisdiction and State of Florida are the major tax jurisdictions where the School files income tax returns. Additionally, the School has filed Internal revenue Service Form 990 tax returns as required and all other applicable returns in jurisdictions where it is required. The School is generally no longer subject to U.S. Federal, state, or local income tax examinations by tax authorities for fiscal years before 2021.

Raw XML AppendixShowing 400 of 750 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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