Civic Intelligence

Kadima Hebrew Academy

990 • Fiscal year 2024 • EIN 95-3190850

Sep 01, 2023 to Aug 31, 2024 • Filed on Jul 15, 2025

7011 Shoup AveWest Hills, CA 91307

(818) 346-0849

Siviq Scores

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

Liabilities / Assets

97th percentile

1.28x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.71x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

19th percentile

-8.5%

Higher net margin than 19% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$188,567

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

0.0%

Faster revenue growth than 33% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$13,432,200

Up $24,230 (+0.2%) from 2023

Net Assets

Down

-$3,737,493

Down $541,707 (-17%) from 2023

Liabilities

Up

$17,169,693

Up $565,937 (+3.4%) from 2023

Revenue

Up

$6,337,996

Up $2,319 (+0.0%) from 2023

Expenses

Up

$6,879,703

Up $225,164 (+3.4%) from 2023

Net Income

Down

-$541,707

Down $222,845 (-70%) from 2023

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2011: $16,873,202Liabilities 2011: $16,702,820Net Assets 2011: $170,3822011Assets 2012: $16,773,627Liabilities 2012: $16,806,338Net Assets 2012: -$32,7112012Assets 2013: $16,828,008Liabilities 2013: $17,076,809Net Assets 2013: -$248,8012013Assets 2014: $16,089,144Liabilities 2014: $16,966,348Net Assets 2014: -$877,2042014Assets 2015: $13,299,660Liabilities 2015: $14,623,142Net Assets 2015: -$1,323,4822015Assets 2016: $12,606,487Liabilities 2016: $14,034,173Net Assets 2016: -$1,427,6862016Assets 2017: $12,662,445Liabilities 2017: $14,188,788Net Assets 2017: -$1,526,3432017Assets 2018: $12,657,222Liabilities 2018: $14,077,023Net Assets 2018: -$1,419,8012018Assets 2019: $12,629,472Liabilities 2019: $14,633,166Net Assets 2019: -$2,003,6942019Assets 2020: $12,487,192Liabilities 2020: $15,298,935Net Assets 2020: -$2,811,7432020Assets 2021: $12,832,085Liabilities 2021: $15,566,214Net Assets 2021: -$2,734,1292021Assets 2022: $12,453,871Liabilities 2022: $15,330,795Net Assets 2022: -$2,876,9242022Assets 2023: $13,407,970Liabilities 2023: $16,603,756Net Assets 2023: -$3,195,7862023Assets 2024: $13,432,200Liabilities 2024: $17,169,693Net Assets 2024: -$3,737,4932024

Highlighted filing

2024

Assets$13,432,200
Liabilities$17,169,693
Net Assets-$3,737,493

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $5,719,5022011Expenses 2012: $6,140,2972012Expenses 2013: $6,277,9152013Revenue 2014: $5,904,216Expenses 2014: $6,334,482Net Income 2014: -$430,2662014Revenue 2015: $6,914,758Expenses 2015: $7,361,036Net Income 2015: -$446,2782015Revenue 2016: $7,353,156Expenses 2016: $7,456,905Net Income 2016: -$103,7492016Revenue 2017: $6,638,512Expenses 2017: $6,737,169Net Income 2017: -$98,6572017Revenue 2018: $4,641,212Expenses 2018: $4,534,670Net Income 2018: $106,5422018Revenue 2019: $4,216,318Expenses 2019: $4,800,211Net Income 2019: -$583,8932019Revenue 2020: $4,543,090Expenses 2020: $5,351,139Net Income 2020: -$808,0492020Revenue 2021: $4,759,045Expenses 2021: $4,681,430Net Income 2021: $77,6152021Revenue 2022: $5,679,052Expenses 2022: $5,821,718Net Income 2022: -$142,6662022Revenue 2023: $6,335,677Expenses 2023: $6,654,539Net Income 2023: -$318,8622023Revenue 2024: $6,337,996Expenses 2024: $6,879,703Net Income 2024: -$541,7072024

Highlighted filing

2024

Revenue$6,337,996
Expenses$6,879,703
Net Income-$541,707
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 15, 2025
Return Version
2023v6.0
Gross Receipts
$6,376,439
Mission and Program Overview

Mission

Kadima day school provides an integrated general and judaic studies education that is comprehensive and academically challenging. Our commitment to educational excellence and jewish tradition teaches our students to maximize their academic, social, physical and spiritual potentials. A kadima education instills a strong sense of identity, preparedness for higher education and a commitment to responsible living guided by jewish ethics and values.

Educational organization dedicated to judaic and general studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,024,020$10,912,017▼ $112,003
Loans From Officers Directors$6,961,048$7,155,048▲ $194,000
Accounts Receivable$1,314,917$1,664,604▲ $349,687
Pledges and Grants Receivable$466,751$466,751→ $0
Cash and Non-Interest-Bearing Accounts$434,975$165,079▼ $269,896
Savings and Temporary Cash Investments$52,156$140,039▲ $87,883
Prepaid Expenses and Deferred Charges$110,176$78,735▼ $31,441
Inventories for Sale or Use$4,975$4,975→ $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
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Total Assets$13,407,970$13,432,200▲ $24,230
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$7,866,884$7,870,237▲ $3,353
Deferred Revenue$1,243,686$1,625,360▲ $381,674
Accounts Payable and Accrued Expenses$532,138$519,048▼ $13,090
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
Total Liabilities$16,603,756$17,169,693▲ $565,937
Net Assets / Fund Balance
Net Assets With Donor Restrictions$491,147$471,147▼ $20,000
Net Assets Without Donor Restrictions$-3,686,933$-4,208,640▼ $521,707
Total Net Assets Fund Balance$-3,195,786$-3,737,493▼ $541,707
Total Liabilities and Net Assets / Fund Balance$13,407,970$13,432,200▲ $24,230

Asset Categories

AssetBook ValueDepreciationBasis
Land$7,350,595-$7,350,595
Buildings$3,431,109$3,431,989$6,863,098
Equipment$130,313$1,445,841$1,576,154

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,400--$3$4,397
2019$4,432--$32$4,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven LorchHead of SchoolFT$101,817$86,750$188,567
Arnold RudnickDirector OF FINANCE (thru 2/5/2025)PT$130,500-$130,500
Cherie FriedmanPRINCIPAL (thru 6/20/2024)FT$119,001$5,784$124,785

Board Members and Trustees

NameTitle
Margaret SinaiPresident
Noam HameiriEVP; VP Trustees
Guy WeisTrustee
Karen HovavTrustee
Karen TenenblattTrustee
Ken KrainmanTrustee
Shawn EvenhaimTrustee
Jeffrey KohlTRUSTEE (eff. 7/1/2024)
Or Levi GrinbergTRUSTEE (eff. 7/1/2024)
Raz BronsteinTRUSTEE (eff. 7/1/2024)
Talia Krygier AltitTRUSTEE (eff. 7/1/2024)
Casey LongTRUSTEE (thru 7/1/2024)
Ellen Ben BasatTRUSTEE (thru 7/1/2024)
Liz BenyeshayTRUSTEE (thru 7/1/2024)
Sharlene BlauTRUSTEE (thru 7/1/2024)
Yaakov TzviTRUSTEE (thru 7/1/2024)
Fran AmkrautSecretary
Galit BernsteinVice Pres Finance
Danielle KeisariVP Development

Highest Paid Contractors

ContractorServicesLocationCompensation
Cooking 4 Kids IncFood Services22958 Dolorosa St, Woodland Hills, CA 91367$214,969
David Shield Security IncSecurity services23945 Calabasas Road Suite 108, Calabasas, CA 91302$188,591
Revenue and Support

Revenue Composition

Contributions and Grants
$398,810
Program Service Revenue
$5,897,900
Investment Income
$750
Other Revenue
$40,536
All Other Contributions
$236,830
Change in Net Assets
$-541,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,337,996
Revenue Not Reported on Form 990
$716,530
Total Revenue per Audited Statements
$7,054,526
Total Revenue per Form 990
$6,337,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,280,061
Other Expenses$2,561,710
Total Fundraising Expense$176,876
Grants and Similar Amounts Paid$37,932
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,854,327$452,254$64,236$3,370,817
Current Officers, Directors, Trustees, and Key Employees$392,943$62,260$8,843$464,046
Interest$282,538$158,298$22,484$463,320
Fees for Services Other$304,790$48,293$6,859$359,942
Occupancy$284,241$45,036$6,397$335,674
Payroll Taxes$248,623$39,394$5,595$293,612
Depreciation Depletion$195,002$30,897$4,388$230,287
Other Employee Benefits$128,359$20,338$2,889$151,586
Office Expenses$53,371$22,732$907$77,010
All Other Expenses$23,259$3,686$49,983$76,928
Other Expenses$59,703$9,460$250$69,413
Insurance$49,225$7,799$1,108$58,132
Grants to Domestic Individuals$37,932--$37,932
Fees for Services Accounting-$35,280-$35,280
Advertising$21,329$3,379$480$25,188
Information Technology$16,878$2,674$380$19,932
Total Functional Expenses$5,746,425$956,402$176,876$6,879,703

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,596,233
Expenses per Audited Statements$6,879,703
Total Expenses per Form 990$6,879,703
Expenses Not Reported on Form 990$716,530
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,595
Fundraising Direct Expenses$38,443
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$58,595$58,595$6,847$51,748
Total Events$58,595$58,595$38,443$20,152
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$6,961,048$7,155,048▲ $194,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACITY OF LOS ANGELES - Series 2005A2005-09-07$7,300,000Building purchase/renovations
BCity of Los Angeles - Series 2005B2005-09-07$2,000,000Building purchase/renovations

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,300,000$0$1,415,000$201,000
B$2,000,000$0$0$0

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
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
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:

Sharlene blau and karen tenenblatt have a family relationship. Sharlene blau was part of the board until 7/1/2024. Yaakov tzvi and adva tzvi have a family relationship. Yaakov tzvi was part of the board until 7/1/2024.

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

The 990 is provided to the board prior to filing.

FORM 990, PART VI SECTION B, LINE 15:

It is the policy of kadima day school that all officers, trustees and employees, while acting in such capacities, should act in the best interests of kadima day school. Underlying this policy are three principles: first, no such officer, trustee, or employee should have, acquire or engage in any interest or association which might influence or interfere with the independent exercise of his or her judgement in the best interest of kadima day school; second, no such officer, trustee, or employee should personally profit from, or otherwise take advantage of, opportunities which are obtained by reason of such officer, trustee, or employee's position with the school unless such officer, trustee, or employee's involvement is disclosed and properly approved; and third, such officer, trustee, or employee should refrain from those transactions or activities conducted in their capacity as an officer, trustee or employee of kadima day school which, while not involving personal profit or gain of the officer, trustee or employee involved, are nonetheless detrimental to the best interests of the school. Any trustee, officer, employee (including faculty and staff) or committee member who has an interest in, or is directly or indirectly a party to, a contract or transaction presented to the board of trustees or one of its committees for authorization, approval, or ratification, or in the case of an employee, presented to the director of finance and operations for authorization, approval, or ramification shall make a prompt, full and frank disclosure of his or her interest to the chair or, in the chair's absence, the vice chair of the board of trustees or relevant committee prior to its acting on such contract or transaction. Such disclosure shall include all relevant and material facts known to such person about the contract or transaction and the person's interest or relationship to the contract or transaction. The executive committee of the board of trustees or another committee, or the director of finance and operations in the case of an employee, to which such disclosure is made shall thereupon determine considering the advice of legal counsel, by majority vote whether the disclosure shows that a conflict of interest exists or can reasonably be construed to exist. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to such contract or transaction. The minutes of the meeting shall reflect the disclosure made, the vote thereon, and, where applicable, the abstention from voting and participation, and whether a quorum was present. Conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor participate (other than to present factual information or to respond to questions) in the discussions or deliberations with respect to such contract or transaction. The minutes of the meeting shall reflect the disclosure made, the vote thereon, and, where applicable, the abstention from voting and participation, and whether a quorum was present.

FORM 990, PART VI SECTION B, LINE 15:

The board of trustees relies upon comparability data to determine and approve the compensation of the head of school. The board of trustees utilizes resources such as comparative rates for similar positions. Once a decision has been made by the board of trustees, it is then presented to the executive board for approval. The head of school determines the compensation for key employees. The same type of comparability data is used for key employees in determining the reasonableness of the compensation. The last time comparabiblity data was used to determine compensation was in 2021.

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

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

Filing and Contact Details

Filer

Filer Name
Kadima Hebrew Academy
EIN
95-3190850
In Care Of
% STEVEN LORCH
Phone
8183460849
Address
7011 Shoup Ave, West Hills, CA 91307
Doing Business As
Kadima Day School

Signing Officer

Name
Jerry Isaak Shapiro
Title
Head of School
Phone
8183460849
Signed
2025-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Isaak Shapiro
Formed
1970
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
131
Volunteers
45

Preparer

Firm
Withumsmithbrownpc
Address
100 SPECTRUM CENTER DRIVE STE 1000, IRVINE, CA 92618
Preparer
Richard L Ruvelson
Phone
9492612808
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Our commitment to educational excellence and jewish tradition teaches our students to maximize their academic, social, physical and spiritual potentials. A kadima education instills a strong sense of identity, preparedness for higher education and a commitment to responsible living guided by jewish ethics and values.

Financial Statement Notes

Part X, Line 2

The school is exempt from federal and state income taxes under the provisions of section 501(c)(3) of the internal revenue code and corresponding provisions of the california revenue and taxation statute. However, the school is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. As a matter of course, various taxing authorities, including the internal revenue service, have the authority to regularly audit the school. There were no tax years open to examination by major tax jurisdictions as of august 31, 2024. Management believes that the school's tax positions comply with applicable tax law and has adequately provided for these matters. Further, there are no income tax related penalties and interest included in these financial statements. The school has adopted the provisions of accounting standards codification ("asc") 740-10-05 relating to accounting and reporting for uncertainty in income taxes. For the school, these provisions could be applicable to the incurrence of any unrelated business income attributable to the school.

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IRS990/Desc0KADIMA DAY SCHOOL IS DEDICATED TO CREATING AN ENRICHING LEARNING EDUCATIONAL ENVIRONMENT, STRESSING ACADEMIC, EMOTIONAL, SOCIAL, PHYSICAL AND SPIRITUAL DEVELOPMENT OF EACH CHILD. KADIMA DAY SCHOOL OPERATES THREE DIVISIONS: AN EARLY CHILDHOOD EDUCATION CENTER (ECEC) FOR CHILDREN AGES 2-5, ELEMENTARY SCHOOL FOR GRADES K-5, AND MIDDLE SCHOOL FOR GRADES 6-8. 270 STUDENTS WERE ENROLLED IN 2023-24: 86 IN ECEC; 134 IN ELEMENTARY; AND 50 IN MIDDLE SCHOOL.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIR OF FINANCE (thru 2/5/2025)
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRINCIPAL (thru 6/20/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6EVP; VP Trustees
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRES FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE (eff. 7/1/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE (eff. 7/1/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE (eff. 7/1/2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE (thru 7/1/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE (thru 7/1/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE (thru 7/1/2024)
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.4$17.2$3.74$6.34$6.88$0.54
2023Detailed filing. Detailed filing data is available for this year.$13.4$16.6$3.20$6.34$6.65$0.32
2022Detailed filing. Detailed filing data is available for this year.$12.5$15.3$2.88$5.68$5.82$0.14
2021Detailed filing. Detailed filing data is available for this year.$12.8$15.6$2.73$4.76$4.68$0.08
2020Detailed filing. Detailed filing data is available for this year.$12.5$15.3$2.81$4.54$5.35$0.81
2019Detailed filing. Detailed filing data is available for this year.$12.6$14.6$2.00$4.22$4.80$0.58
2018Detailed filing. Detailed filing data is available for this year.$12.7$14.1$1.42$4.64$4.53$0.11
2017Detailed filing. Detailed filing data is available for this year.$12.7$14.2$1.53$6.64$6.74$0.10
2016Detailed filing. Detailed filing data is available for this year.$12.6$14.0$1.43$7.35$7.46$0.10
2015Detailed filing. Detailed filing data is available for this year.$13.3$14.6$1.32$6.91$7.36$0.45
2014Detailed filing. Detailed filing data is available for this year.$16.1$17.0$0.88$5.90$6.33$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$17.1$0.25$6.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$16.8$0.03$6.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$16.7$0.17$5.72