Nonprofit · EIN 92-1357036
KEREM BAIS YAAKOV SEMINARY INC
Tax-exempt · LAKEWOOD, NJ 08701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,326,704 | $2,312,209 | $14,495 | $6,856,873 | $5,227,869 | $1,629,004 |
| June 30, 2024 | 990 | $3,815,862 | $2,144,692 | $1,671,170 | $6,858,242 | $5,037,062 | $1,821,180 |
| June 30, 2023 | 990 | $262,338 | $112,328 | $150,010 | $5,715,542 | $5,565,532 | $150,010 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $790,912
- Program service revenue
- $1,535,719
- Investment income
- $73
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $967,622
- Salaries, compensation and benefits (total)
- $1,117,780
- Professional fundraising fees
- $0
- Occupancy
- $51,424
- Travel
- $4,510
- Depreciation
- $193,007
- Program services (functional)
- $1,361,056
- Management and general (functional)
- $949,723
- Fundraising (functional)
- $1,430
Balance sheet and other
- Total assets, start of year
- $6,858,242
- Total assets, end of year
- $6,856,873
- Total liabilities, end of year
- $5,227,869
- Net assets, end of year
- $1,629,004
- Land, buildings and equipment
- $6,271,938
- Net assets without donor restrictions
- $1,629,004
- Gross receipts
- $2,326,704
- Employees
- 47
- Year formed
- 2022
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YAEL GELLIS | TRUSTEE Trustee or director | 40 | $82,848 |
| SAMUEL GELLIS | TRUSTEE Trustee or director | 5 | $0 |
| BERNARD D KAHAN | TRUSTEE Trustee or director | 2 | $0 |
| BENZION MAGID | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YAEL GELLIS | TRUSTEE Trustee or director | 40 | $82,848 |
| SAMUEL GELLIS | TRUSTEE Trustee or director | 5 | $0 |
| BERNARD D KAHAN | TRUSTEE Trustee or director | 2 | $0 |
| BENZION MAGID | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL GELLIS | TRUSTEE Trustee or director | 5 | $0 |
| YAEL GELLIS | TRUSTEE Trustee or director | 40 | $0 |
| BERNARD DOV KAHAN | TRUSTEE Trustee or director | 2 | $0 |
| BENZION MAGID | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1 E 13TH ST, LAKEWOOD, NJ 08701-1912
- Principal officer (990 for 2024)
- SAMUEL GELLIS, 1 EAST 13TH STREET, LAKEWOOD, NJ 08701
- Signed the 990
- SAMUEL GELLIS, TRUSTEE
- Phone
- (732) 503-2861
- Return prepared by
- HUTMAN & HUTMAN LLP
Mission
KEREM BAIS YAAKOV SEMINARY IS A RELIGIOUS INSTITUTION WITH TRADITIONAL VALUES DEDICATED TO ADVANCING STUDENTS IN CLASSICAL TORAH STUDIES WHILE ESTABLISHING A TORAH OUTLOOK THAT STUDENTS CAN APPLY TO DAILY LIFE. THE CURRICULUM ENHANCES JEWISH LIFE, SHAPES THE JEWISH EXPERIENCE OF THE FUTURE, AS WELL AS PREPARES STUDENTS TO ACHIEVE GAINFUL EMPLOYMENT IN THEIR COMMUNITIES.
Program accomplishments
- KEREM BAIS YAAKOV SEMINARY IS A RELIGIOUS INSTITUTION WITH TRADITIONAL VALUES DEDICATED TO ADVANCING STUDENTS IN CLASSICAL TORAH STUDIES WHILE ESTABLISHING A TORAH OUTLOOK THAT STUDENTS CAN APPLY TO DAILY LIFE. THE CURRICULUM ENHANCES JEWISH LIFE, SHAPES THE JEWISH EXPERIENCE OF THE FUTURE, AS WELL AS PREPARES STUDENTS TO ACHIEVE GAINFUL EMPLOYMENT IN THEIR COMMUNITIES.Expenses $1,361,056 · revenue $1,535,719
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-1357036
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X30)
- Assets (IRS master file)
- $6,856,873
- Income (IRS master file)
- $2,326,704
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,326,704 | $2,312,209 | $6,856,873 | IRS |
| 990 | June 2024 | $3,815,862 | $2,144,692 | $6,858,242 | IRS |
| 990 | June 2023 | $262,338 | $112,328 | $5,715,542 | XML |
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 92-1357036).
Questions about KEREM BAIS YAAKOV SEMINARY INC
- What is the EIN of KEREM BAIS YAAKOV SEMINARY INC?
- The employer identification number (EIN) of KEREM BAIS YAAKOV SEMINARY INC is 92-1357036.
- Is KEREM BAIS YAAKOV SEMINARY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to KEREM BAIS YAAKOV SEMINARY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KEREM BAIS YAAKOV SEMINARY 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 KEREM BAIS YAAKOV SEMINARY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KEREM BAIS YAAKOV SEMINARY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KEREM BAIS YAAKOV SEMINARY INC?
- The 990 for the year ended June 30, 2025 names SAMUEL GELLIS.
- Who are the officers and directors of KEREM BAIS YAAKOV SEMINARY INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $82,848 (YAEL GELLIS, TRUSTEE).
- How much revenue does KEREM BAIS YAAKOV SEMINARY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,326,704, expenses of $2,312,209 and total assets of $6,856,873 at year end.
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