2026-07-14T13:46:41-05:00 2025-08-31 471352305 O'CONNELL & COMPANY LLC 240 GIBRALTAR ROAD SUITE 260 HORSHAM PA 19044 990 2024-09-01 222436383 POLITZ HEBREW ACADEMY OF NORTHEAST PHILA POLI 2159695960 9225 OLD BUSTLETON AVE PHILADELPHIA PA 19115 BESIE KATZ HEAD OF SCHOOL 2159695960 2026-07-14 1 0 TERENCE M O'CONNELL CPA P01436232 2158874425 2026-07-14 2024 2025-03-06 01:10:19Z BESIE KATZ 9225 OLD BUSTLETON AVE PHILADELPHIA PA 19115 9753750 0 X WWW.POLITZHEBREWACADEMY.ORG X 1982 PA POLITZ HEBREW ACADEMY IS DEDICATED TO PROVIDING A QUALITY ORTHODOX DAY SCHOOL EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN PREPARATION FOR LIFE AS PRODUCTIVE AND ETHICAL MEMBERS OF SOCIETY. THE ACADEMIC, SOCIAL AND EMOTIONAL WELL-BEING OF EACH STUDENT IS DEVELOPED IN A SECURE AND NURTURING ENVIRONMENT. 11 11 82 23 0 0 2345180 4269508 6076000 5402983 42575 4999 280878 33078 8744633 9710568 4300282 3108415 0 0 4065827 4592306 0 0 56146 1571863 1591709 9937972 9292430 -1193339 418138 5767614 6382211 2365472 989081 3402142 5393130 X POLITZ HEBREW ACADEMY IS DEDICATED TO PROVIDING A QUALITY ORTHODOX DAY SCHOOL EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN PREPARATION FOR LIFE AS PRODUCTIVE AND ETHICAL MEMBERS OF SOCIETY. THE ACADEMIC, SOCIAL AND EMOTIONAL WELL-BEING OF EACH STUDENT IS DEVELOPED IN A SECURE AND NURTURING ENVIRONMENT. 0 0 8500558 3108415 5479243 POLITZ HEBREW ACADEMY PROVIDES EVERY JEWISH CHILD, FROM KINDGERGARTEN THROUGH EIGHTH GRADE, WITH THE OPPORTUNITY TO LEARN AND THRIVE IN AN ENVIRONMENT THAT INTEGRATES THE RICHNESS OF OUR JEWISH RELIGION AND HERITAGE WITH EXCELLENCE IN BOTH JUDAIC AND GENERAL STUDIES. DURING THE 2024-25 SCHOOL YEAR, WE SERVICED 381 CHILDREN FOR 180+ SCHOOL DAYS. WE ALSO PROVIDED SPECIAL NEEDS EDUCATION FOR JEWISH CHILDREN WHO NEED ADDITIONAL ACADEMIC SUPPORT. 8500558 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 82 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 PA X SCHMUEL HERZBERG 2159695960 9225 OLD BUSTLETON AVE PHILADELPHIA PA 19115 RABBI SHIMON SHAIN PRESIDENT 2.00 0.00 X X 0 0 0 RABBI AVI APFEL VICE PRESIDENT 2.00 0.00 X X 0 0 0 SHMUEL HERZBERG TREASURER 2.00 0.00 X X 0 0 0 MORDECHAI JOSEFOVITS ESQ SECRETARY 2.00 0.00 X X 0 0 0 RABBI SHALOM KAMENETSKY DIRECTOR 2.00 0.00 X 0 0 0 GERSHON BERNHARD DIRECTOR 2.00 0.00 X 0 0 0 ELI ETGAR DIRECTOR 2.00 0.00 X 0 0 0 YEHUDA GLASSER DIRECTOR 2.00 0.00 X 0 0 0 RABBI SHLOMO KOHN DIRECTOR 2.00 0.00 X 0 0 0 YOSSI LICHTER DIRECTOR 2.00 0.00 X 0 0 0 ROBERT MILLER-SOBEL DIRECTOR 2.00 0.00 X 0 0 0 RABBI MENDY SCHECHTER EXECUTIVE DIRECTOR 40.00 0.00 X 82972 0 0 BESIE KATZ HEAD OF SCHOOL 40.00 0.00 X 235000 0 0 DOVID SASS BOY'S PRINCIPAL 40.00 0.00 X 150600 0 34400 SHAYANA MALKA ZEFFREN GIRL'S PRINCIPAL 40.00 0.00 X 127300 0 17700 595872 0 52100 3 0 1 0 0 509603 3759905 4269508 TUITION AND FEES 611110 5402983 5402983 5402983 4999 4999 0 509603 43182 -43182 -43182 MISCELLANEOUS 900099 76260 76260 76260 9710568 5479243 0 -38183 3108415 3108415 82972 74675 7467 830 3919396 3527456 352746 39194 82845 74561 7456 828 202410 182168 18217 2025 304683 274215 27421 3047 92352 83116 8312 924 17 17 100596 90536 9054 1006 12720 12720 45679 41113 4110 456 131166 118049 11805 1312 174177 174177 21289 21289 261234 235111 23511 2612 106200 95580 9558 1062 BAD DEBT 196394 196394 REPAIRS AND MAINTENANCE 150588 135529 13553 1506 EDUCATIONAL 117002 117002 SECURITY 107719 96947 9695 1077 74576 71908 2401 267 9292430 8500558 735726 56146 1434492 1941356 10892 31619 0 35000 7784799 3782586 4187055 4002213 114448 155152 0 237598 5767614 6382211 196247 285426 91738 186964 505194 471468 1572293 45223 2365472 989081 X 3218267 3197948 183875 2195182 3402142 5393130 5767614 6382211 418138 557 1572293 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7044618 3119021 3925597 734681 658065 76616 5500 5500 0 4002213 OPERATING LEASE LIABILITY 45223 45223 X 6602692 557 -3108415 -3107858 9710550 17 17 9710567 6183997 0 6183997 17 3108415 3108432 9292429 PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ACADEMY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ACADEMY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PART X - FIN 48 FOOTNOTE THE INTERNAL REVENUE SERVICE (IRS) HAS CLASSIFIED THE ACADEMY AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE (THE CODE) ; AND AS AN ORGANIZATION, CONTRIBUTIONS TO WHICH ARE DEDUCTABLE UNDER SECTION 170(B)(1)(A)(II) OF THE CODE; AND AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINES BY SECTION 509(A)(1) OF THE CODE. THE ACADEMY'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE DATE OF FILING. MANAGEMENT BELIEVES THAT THERE ARE NO PREVIOUSLY RECOGNIZED UNCERTAIN TAX POSITIONS WHICH, IF DERECOGNIZED, WOULD MATERIALLY AFFECT THE ACADEMY'S FINANCIAL POSITION. THE ACADEMY HAS NOT INCURRED ANY EXPENSES RELATED TO INCOME TAX PENALTIES OR INTEREST CHARGES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED NOTICE IN PHILADELPHIA NEWSPAPERS. 0 CROWDFUNDING/MATCHING CAMPAIGN 218187 218187 11403 OTHER FUNDRAISING EVENTS 291416 291416 31779 509603 509603 43182 43182 -43182 0 FINANCIAL AID 348 3108415 BOOK SCHOLARSHIPS PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THERE IS AN INDEPENDENT SCHOLARSHIP COMMITTEE THAT MONITORS THE USE OF SCHOLARSHIPS. X 0 0 0 0 0 0 0 0 0 BESIE KATZ HEAD OF SCHOOL 235000 0 0 0 0 0 0 0 0 0 235000 0 0 0 DOVID SASS BOY'S PRINCIPAL 150600 0 0 0 0 0 0 0 34400 0 185000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND DISCUSSED IN DETAIL WITH THE EXECUTIVE DIRECTOR (RABBI MENDY SCHECHTER) AND PRINCIPAL (BESIE KATZ). AFTERWARDS, A COPY OF THE FORM 990 IS SENT TO THE FULL BOARD FOR REVIEW AND COMMENTS PRIOR TO FILING THE RETURN. A DESIGNATED OFFICER THEN SIGNS THE RETURN AFTER CONSIDERING BOARD COMMENTS. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE OT THE PUBLIC UPON REQUEST DURING REGULAR BUSINESS HOURS AT THE ACCOUNTING OFFICE. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS, AS A WHOLE, ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ORGANIZATION'S FINANCIAL REPORTING, INCLUDING THE SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. FORM 990, PART XI, LINE 8: DURING FISCAL YEAR 2025, THE ACADEMY DETERMINED THAT CERTAIN AMOUNTS RECEIVED AND RECORDED AS DEFERRED REVENUE IN FISCAL YEAR 2024 WERE MORE APPROPRIATELY CLASSIFIED AS CONTRIBUTIONS WITH DONOR RESTRICTIONS. AS A RESULT, THE AUGUST 31, 2024 STATEMENT OF FINANCIAL POSITION AND STATEMENT OF ACTIVITIES WERE RESTATED TO RECLASSIFY $1,572,293 FROM DEFERRED REVENUE TO NET ASSETS WITH DONOR RESTRICTIONS. THIS ADJUSTMENT CORRECTED THE PRESENTATION OF PREVIOUSLY REPORTED BALANCES AND HAD NO EFFECT ON TOTAL NET ASSETS.