National Society For Hebrew Day Schools in Brooklyn, New York (NY)

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National Society For Hebrew Day Schools
Employer Identification Number (EIN)135564128
Name of OrganizationNational Society For Hebrew Day Schools
Address620 Foster Avenue, Brooklyn, NY 11230-1399
ActivitiesOther religious activities
SubsectionReligious Organization
Ruling Date08/2003
DeductibilityContributions are deductible
FoundationChurch
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2008
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (church)
Asset Amount$26,553,114
Amount of Income$17,373,705
Form 990 Revenue Amount$17,373,705
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Jewish


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Amount of income in 2008: $17,373,705
National Society For Hebrew Day Schools: 

 $17,373,705
Other organizations performing similar types of work: 

 $383,216

Assets in 2008: $26,553,114
This organization: 

 $26,553,114
Other organizations performing similar types of work: 

 $514,684

Expenses in 2002: $23,717,340
National Society For Hebrew Day Schools: 

 $23,717,340
Other organizations performing similar types of work: 

 $276,214

Income to expenses ratio in 2002: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2002: 95.8%
National Society For Hebrew Day Schools: 

 95.8%
Other organizations performing similar types of work: 

 77.9%

Number of employees in 2002: 59
This organization: 

 59
Other organizations performing similar types of work: 

 4

Employees paid over $50,000 in 2002: 13.6%
This organization: 

 13.6%
Other organizations performing similar types of work: 

 18.8%

Grants share in income in 2002: 97.5%
This organization: 

 97.5%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$38,680,012$22,103,072$17,373,705
Contributions, gifts, grants, and similar amounts received$36,509,792$20,266,855$16,945,054
Contributions to donor advised funds
Direct public support$34,284,538$17,911,660$14,793,814
Indirect public support$0$0$0
Government contributions (grants)$2,225,254$2,355,195$2,151,240
Program service revenue including government fees and contracts$1,059,853$1,019,287$1,248,812
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$1,662$1,019$1,139
Dividends and interest from securities$484,658$279,833$288,268
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$197,135$360,236$1,012,013
Gain or (loss) from sales of assets other than inventory$512,399$276,972$-2,035,541
Gross amount from sales of assets other than inventory$24,398,708$6,336,224$2,082,074
Less: cost or other basis and sales expenses$23,886,309$6,059,252$4,117,615
Net income or (loss) from special events and activities$-85,487$-101,130$-86,040
Gross revenue$46,725$33,750$42,750
Less: direct expenses other than fundraising expenses$132,212$134,880$128,790
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$16,135,289$20,517,432$23,717,340
Program services$15,497,630$19,681,006$22,720,420
Management and general$423,355$619,225$707,374
Fundraising$214,304$217,201$289,546
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$31,311,109$32,896,749$26,553,114
Excess or (deficit) for the year$22,544,723$1,585,640$-6,343,635
Net assets or fund balances at beginning of year$8,766,386$31,311,109$32,896,749
Other changes in net assets or fund balances$0$0$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$23,717,340$22,720,420$707,374$289,546
Grants paid from donor advised funds
Other grants and allocations$17,557,796
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$26,772$8,924$8,924$8,924
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$2,361,591$2,028,250$319,962$13,379
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$321,336$211,186$61,653$48,497
Payroll taxes$337,256$313,299$22,393$1,564
Professional fundraising fees$0$0$0$0
Accounting fees$14,507$0$14,507$0
Legal fees$8,987$8,987$0$0
Supplies$59,605$39,631$8,790$11,184
Telephone$64,396$41,756$7,928$14,712
Postage and shipping$128,476$69,458$23,135$35,883
Occupancy$330,126$287,383$21,372$21,371
Equipment rental and maintenance$135,746$125,114$5,316$5,316
Printing and publications$538,606$509,204$5,701$23,701
Travel$166,040$126,152$19,507$20,381
Conferences, conventions, and meetings$500,040$500,040$0$0
Interest$7,532$0$7,532$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$1,158,528$893,240$180,654$84,634
Balance Sheets
200020012002
Total assets$33,407,187$35,377,366$28,691,925
Cash - non-interest-bearing$6,283$655,583$48,459
Savings and temporary cash investments$6,331,601$10,472,646$13,482,646
Accounts receivable less allowance for doubtful accounts$72,378$36,745$67,313
Pledges receivable less allowance for doubtful accounts$205,883$187,788$132,605
Grants receivable$3,635$45,083$77,433
Receivables from current and former officers, directors, trustees, and key employees$0$5,500$2,374
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$553,531$755,406$294,632
Inventories for sale or use$95,305$122,844$75,001
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$16,974,814$13,255,417$7,487,147
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$9,114,402$9,808,554$6,991,431
Land, buildings, and equipment less accumulated depreciation$0$0$0
Other assets, including program-related investments$49,355$31,800$32,884
Total liabilities$2,096,078$2,480,617$2,138,811
Accounts payable and accrued expenses$1,497,055$1,492,593$1,665,975
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$2,000
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$599,023$988,024$470,836
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$33,407,187$35,377,366$28,691,925
Total net assets or fund balances$31,311,109$32,896,749$26,553,114
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200659
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$29,673$-849,834$1,248,812
Program service revenue
Program service revenue 1000000$000$0$476,962
Program service revenue 2000000$000$0$468,743
Program service revenue 3000000$000$0$303,107
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,139$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$288,268$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment incomeUnrelated debt-financed activities other than rental of real estate$29,673Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$982,340$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-2,035,541$0
Net income or (loss) from special events000000$0Section 501(c)(3), (4), or (5) organization conducting an agricultural or educational fair or exposition - Qualified public entertainment activity income (section 513(d)(2))$-86,040$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$83,033$10,820$30,000
$39,768$10,820$32,018
$97,750$0$0
$38,793$1,819$40,492
$54,420$10,820$30,596
Total number of other employees paid over $50,0005
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isChurch, convention of churches, etc.
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-283,201$0$-28,320
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$2,143$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-30,463$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$160,798
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-189,118
Unrelated business taxable income before net operating loss deduction$-189,118
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-189,118
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Society For Hebrew Day Schools620 Foster Avenue, Brooklyn, NY 11230-1399NY2003-08$17,373,705
2Ohr Torah Stone Institutions Of Isr Ael49 W 45th St Ste 701, New York, NY 10036-4603NY1985-10$7,029,523
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4Union For Traditional Judaism82 Nassau Street Suite 313, New York, NY 10038-3703NY1985-09$383,216
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Number of organizations performing similar types of work
California11
Connecticut2
Florida5
Georgia1
Illinois2
Kansas1
Kentucky1
Massachusetts1
Maryland3
Minnesota2
Missouri2
North Carolina1
New Jersey6
New Mexico2
New York23
Ohio1
Oklahoma1
Oregon1
Pennsylvania2
Texas5
Virginia1
Washington2
Wisconsin2
International1
Total79

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