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Nonprofit · EIN 88-4359451

TORAH MAGNA INC

Tax-exempt · LAKEWOOD, NJ 08701

Financials

$339K$332K2023$320K$331K2024
Revenue Expenses · by fiscal year end
Financials of TORAH MAGNA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$319,996$330,854-$10,858$3,636$0$3,636
December 31, 2023990$338,979$331,673$7,306$14,494$0$14,494
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$319,996
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$325,844
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,255
Travel
$1,300
Program services (functional)
$328,429
Management and general (functional)
$2,425

Balance sheet and other

Total assets, start of year
$14,494
Total assets, end of year
$3,636
Total liabilities, end of year
$0
Net assets, end of year
$3,636
Net assets without donor restrictions
$3,636
Gross receipts
$319,996
Employees
0

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Samuel BronerTreasuer
Trustee or director, Officer
20$0
Isaac GinsbergPresident
Trustee or director, Officer
5$0
Zevi BambergerTrustee
Trustee or director
1$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Samuel BronerTreasuer
Trustee or director, Officer
20$0
Isaac GinsbergPresident
Trustee or director, Officer
5$0
Zevi BambergerTrustee
Trustee or director
1$0

Address and contacts

Address (IRS master file)
24 CAREY ST, LAKEWOOD, NJ 08701-1917
In care of
% SAMUEL RAPHAEL BRONER
Mailing address (990-N for 2022)
24 Carey Street, Lakewood NJ 08701
Principal officer (990 for 2024)
Isaac Ginsberger, 24 Carey Street, LAKEWOOD, NJ 08701
Principal officer (990-N for 2022)
Samuel Raphael Broner, 24 Carey Street, Lakewood NJ 08701
Signed the 990
Isaac Ginsberger, President
Phone
(845) 548-5064
Return prepared by
David Novick CPA PLLC

Mission

To promote the principles of the Jewish religion and Judaism & provide charitable relief & financial support for Ohel Yitzhak and Miriam & other Jewish religious non-profit organizations.

990 for the year ended December 31, 2024

Program accomplishments

  • Provided support for charitable relief & financial support for Ohel
    Expenses $328,429 · grants $325,844 · revenue $319,997

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-4359451
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X30)
Assets (IRS master file)
$3,636
Income (IRS master file)
$319,996

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$319,996$330,854$3,636XML
990December 2023$338,979$331,673$14,494XML
990-N for 2022
Officer: Samuel Raphael Broner
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-4359451).

Questions about TORAH MAGNA INC

What is the EIN of TORAH MAGNA INC?
The employer identification number (EIN) of TORAH MAGNA INC is 88-4359451.
Is TORAH MAGNA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to TORAH MAGNA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TORAH MAGNA INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TORAH MAGNA INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TORAH MAGNA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TORAH MAGNA INC?
The 990 for the year ended December 31, 2024 names Isaac Ginsberger.
Who are the officers and directors of TORAH MAGNA INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does TORAH MAGNA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $319,996, expenses of $330,854 and total assets of $3,636 at year end.

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