2024-07-11T09:35:45-05:00 2023-08-31 204153538 ROSENBERG & MANENTE PLLC 12 W 32ND STREET 10TH FL NEW YORK NY 10001 990 2022-09-01 134159739 YESHIVAT CHOVEVEI TORAH RABBINICAL SCHOOL LTD (FORMERLY THE MEOROT INST) YESH 2126660036 3700 HENRY HUDSON PARKWAY 2ND FL RIVERDALE NY 10463 MICHAEL BRILL TREASURER 2126660036 2024-07-10 1 MICHAEL BRILL 999009999 1 PHIL ROSENBERG P00221232 2125632525 2024-07-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL BRILL 3700 HENRY HUDSON PARKWAY RIVERDALE NY 10463 3208928 0 X WWW.YCTORAH.ORG X 1999 NY YESHIVAT CHOVEVEI TORAH (YCT) RABBINICAL SCHOOL IS A FOUR YEAR FULL TIME PROGRAM. STUDENTS ARE OFFERED A CORE CURRICULUM OF TRADITIONAL JEWISH SUBJECTS AS WELL AS IMPORTANT CLASSES ON LEADERSHIP AND PASTORAL COUNSELING. 17 17 15 0 0 0 2939617 3020146 69396 0 -227685 183551 0 5231 2781328 3208928 0 403543 0 0 1374796 1260356 0 0 268459 1219451 971966 2594247 2635865 187081 573063 5250368 6029252 53115 1201103 5197253 4828149 X TO TRAIN RABBIS, EDUCATORS, AND LEADERS WHO EMBODY THIS VISION IN THEIR TEACHING OF TORAH, THEIR SPIRITUAL SUPPORT OF INDIVIDUALS, AND THEIR BUILDING OF DIVERSE AND WELCOMING COMMUNITIES; TO FOSTER AND STRENGTHEN A NETWORK OF RABBIS AND COMMUNITIES, AND TO DEEPEN AND DISSEMINATE A TORAH AND HALAKHA THAT GIVE LIFE TO THIS VISION AND ENABLES IT TO THRIVE. 0 0 1502911 403543 YESHIVAT CHOVEVEI TORAH (YCT) RABBINICAL SCHOOL FOUR YEAR FULL TIME PROGRAM. STUDENTS ARE OFFERED A CORE CURRICULUM OF TRADITIONAL JEWISH SUBJECTS AND IMPORTANT CLASSES ON LEADERSHIP AND PASTORAL COUNSELING. ADDITIONAL TRAINING PROGRAMS AS PART OF THE RABBINICAL SCHOOL AS WELL. 220175 PROGRAMS FOCUSED ON ALUMNI SUPPORT, ENGAGEMENT, AND EDUCATION. 200253 NETWORK AND OUTREACH TO THE GENERAL COMMUNITY THROUGH LECTURES, COMMUNITY INVOLVEMENT AND EDUCATION. 1923339 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 48 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THE ORGANIZATION 2126660036 3700 HENRY HUDSON PARKWAY RIVERDALE NY 10463 X DR STEVEN LAUFER CHAIR OF THE BOARD 1.00 X 0 0 0 STEVEN LIEBERMAN CHAIR EMERITUS 1.00 X 0 0 0 HILLEL JAFFE TREASURER 1.00 X 0 0 0 ARI HAIT SECRETARY 1.00 X 0 0 0 MICHAEL BRILL DIRECTOR 1.00 X 0 0 0 TOVA BULOW DIRECTOR 1.00 X 0 0 0 JONATHAN CANEL DIRECTOR 1.00 X 0 0 0 DR JODY DUSHAY DIRECTOR 1.00 X 0 0 0 RELLA FELDMAN DIRECTOR 1.00 X 0 0 0 ERIC FELDSTEIN DIRECTOR 1.00 X 0 0 0 DR ADENA KLINEMAN DIRECTOR 1.00 X 0 0 0 DR JEREMY NOVICH DIRECTOR 1.00 X 0 0 0 DANIEL PERLA DIRECTOR 1.00 X 0 0 0 DR KENNETH PRAGER DIRECTOR 1.00 X 0 0 0 ARIELA ROSENBERG-BRAFMAN DIRECTOR 1.00 X 0 0 0 RABBI ADAM SCHEIER DIRECTOR 1.00 X 0 0 0 BENJAMIN BELFER DIRECTOR 1.00 X 0 0 0 DAVID LINZER PRESIDENT & ROSH HAYESHIVA 40.00 X 199533 0 46775 RUTH SIMON EXECUTIVE DIRECTOR 40.00 X 117953 0 0 NOYA LAVIE DIRECTOR OF FINANCE & DEVELOPMENT OPERATIONS 40.00 X 120833 0 0 RABBI AVI WEISS FOUNDING PRESIDENT 1.00 X 100000 0 0 538319 0 46775 3 1 1 0 0 3020146 3020146 183551 183551 MISCELLANEOUS INCOME 900099 5231 5231 5231 3208928 0 0 188782 403543 403543 466680 466680 626413 207263 268550 150600 98710 55068 27962 15680 68553 41933 17056 9564 21245 21245 13693 13693 27641 10632 4566 12443 36952 12644 18480 5828 126906 78746 30856 17304 56037 49075 2594 4368 2620 762 1684 174 19562 9525 7921 2116 ADJUNCTS AND OTHER FACU 293240 293240 EDUCATIONAL PARTNERSHIP 138970 138970 CONTRACT SERVICES 107993 74132 5392 28469 WEBSITE AND INFORMATION 46113 18878 19426 7809 80994 62248 4642 14104 2635865 1923339 444067 268459 2935115 1113139 1138593 2332958 1167439 1410759 3708 49922 130972 128079 739 2893 1119581 4774 5250368 6029252 53115 44791 0 1156312 53115 1201103 X 3219334 1378326 1977919 3449823 5197253 4828149 5250368 6029252 X 573063 -942167 X X 0 1 X 1 0 X 2669628 2081316 3935675 2939617 3020146 14646382 2669628 2081316 3935675 2939617 3020146 14646382 167780 14478602 65325 144139 202731 -227685 183551 368061 92900 49777 43164 5231 191072 15205515 70379 0.95220 0.96980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1604327 25000 89694 1719021 0 0 130972 128079 2893 2893 MUTUAL FUNDS 40081 F ETF'S & CEFS 7449 F EQUITIES 40123 F COMMON STOCK 700469 F CORPORATE BONDS 331459 F 1119581 POST EMPLOYMENT BENEFIT LIABILITY-CURRENT 100000 POST EMPLOYMENT BENEFIT LIABILITY-NON CURRENT 1056312 1156312 X 3208928 0 3208928 0 3208928 2635865 0 2635865 0 2635865 PART X, LINE 2: THE ORGANIZATION HAD NO LIABILITY FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FIN 48 (ASC 740). THE ACCOMPANYING FOOTNOTE TO THE ORGANIZATION'S FINACIAL STATEMENTS DISCLOSED THAT THE MATTER HAS BEEN ADDRESSED AND THAT THERE WAS NO LIABILITY TO ACCRUE. "THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITION IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740. FASB ASC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASC 740 ON JANUARY 1, 2009. THERE WAS NO IMPACT ON THE TOTAL NET ASSETS AS A RESULT OF THE ADOPTION OF FASB ASC 740." 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL PUBLICATION WHICH MAY BE INSPECTED ON THE SCHOOL'S PREMISES. MIDDLE EAST AND NORTH AFRICA 0 1 FUNDRAISING, PROGRAM TRAINING PROGRAM FOR ISRAELI CLERGY 200000 0 1 0 0 0 1 200000 0 200000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 STIPENDS 29 371454 GRANTS 9 32089 X 1 0 0 0 0 0 0 0 0 0 0 DAVID LINZER PRESIDENT & ROSH HAYESHIVA 199533 0 0 0 0 0 0 0 46775 0 246308 0 0 0 RABBI AVI WEISS FOUNDING PRESIDENT 100000 0 0 0 0 0 0 0 0 0 100000 0 0 0 PART I, LINE 1A PART OF THE PRESIDENT'S SALARY, IS A PORTION THAT WAS EARMARKED AS "HOUSING ALLOWANCE". THE AMOUNT WAS DETERMINDED BEFORE HE STARTED WORKING AND IS INCLUDED AS PART OF HIS COMPENSATION. PART II, LINE 2 IN MAY 2016, THE ORGANIZATION SIGNED AN AGREEMENT FOR ANNUAL PAYMENTS OF $100,000 TO BE MADE TO RABBI AVI WEISS, FORMER FACULTY MEMBER FOR THE REMAINING YEARS OF HIS LIFE. IN ADDITION, SHOULD THE FORMER FACULITY MEMBER HAVE A SURVIVING SPOUSE, SHE WOULD RECEIVE $100,000 ANNUALLY PAID OVER HER REMAINING LIFE. PRIOR TO SIGNING THE CONTRACT, THE ORGANIZATION RAISED FUNDS FROM DONORS IN ORDER TO PAY FOR THE ANTICIPATED FUTURE PAYMENTS. THESE FUNDS WERE LATER SEGREGATED INTO A SEPARATE INVESTMENT QUASI ENDOWMENT FUND WITH THE NET INVESTMENT RETURN USED TOWARDS THE ANNUAL PAYMENT. THE ORGANIZATION'S DONOR RESTRICTED QUASI ENDOWMENT CONSISTS OF ONE FUND, ESTABLISHED FOR THE PURPOSE OF FUNDING THE POST-EMPLOYMENT BENEFIT LIABILITY. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE QUASI ENDOWMENT FUND WILL BE MAINTAINED UNTIL THE FINAL PAYMENT ON THE POST-EMPLOYMENT BENEFIT LIABILITY HAS BEEN MADE. AT SUCH TIME, THE BALANCE OF THE ACCOUNT WILL REVERT TO UNRESTRICTED FUNDS EXCEPT FOR THOSE FUNDS DESIGNATED BY DONORS TO BE RETURNED. THE TOTAL AMOUNTS OF FUNDS AS OF AUGUST 31, 2023 THAT ARE DESIGNATED TO BE RETURNED IS $100,000. DEBORAH ZLOCHOWER SPOUSE OF OFFICER 65625 DEBORAH ZLOCHOWER WAS A PAID CONTRACTOR/1099 IN FISCAL YEAR 22-23 AND IS MARRIED TO DAVID LINZER. DAVID LINZER IS A OFFICER AND IS YCT'S PRESIDENT & ROSH HAYESHIVA. 0 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY RECEIVES A COPY OF THE TAX RETURN BEFORE IT IS FILED SO THEY CAN HAVE A CHANCE TO REVIEW IT. THIS GIVES THEM THE ABILITY TO HAVE ANY QUESTIONS ABOUT THE RETURN, ANSWERED OR CLARIFIED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SUBMIT CONFLICT IF INTEREST FORMS ANNUALLY, AND THEY ARE REVIEWED BY THE PROFESSIONAL LEADERSHIP AND BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVE COMPENSATION FOR OUR PRESIDENT WHO IS A KEY EMPLOYEE. THE PRESIDENT AND EXECUTIVE DIRECTOR DETERMINE COMPENSATION OF OTHER STAFF. THE PRESIDENT APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR. LEADERSHIP COMPARES DATA AND WAGES FOR SIMILAR POSITIONS AND ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR DOCUMENTS (SUCH AS THEIR FINANCIAL STATEMENTS) PUBLIC, BY MAKING THEM AVAILABLE UPON REQUEST AND NOTING THAT ON THEIR WEBSITE. FORM 990, PART XI, LINE 9: PRIOR YEAR NET ASSETS ADJUSTMENT -942,167. FORM 990, XII 2C THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. FORM 990, PART XI, LINE 9 BASED ON INFORMATION DEVELOPED AS A RESULT OF THE CURRENT YEAR'S INQUIRY INTO THE ACCOUNTING FOR CERTAIN ACCOUNTS, THE ORGANIZATION HAS DETERMINED THAT A RESTATEMENT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING AUGUST 31, 2022 IS APPROPRIATE TO CORRECT ACCOUNTING ERRORS IN THE PRIOR YEARS. THE CHANGES WERE A RESULT OF (1) INCORRECT RECORDING OF MULTI-YEAR AND CONDITIONAL GRANTS, (2) FAILING TO RECORD A POSTEMPLOYMENT BENEFIT LIABILITY, AND (3) IMPROPER CLASSIFICATION OF QUASI ENDOWMENT.