Cantors Assembly INC EIN 13-1959506 Form 990 (PDF) Claim this org

Cantors Assembly INC

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Supports cantors, educates them, and preserves Jewish music. For fiscal year 2024 it reported $719K in revenue, $852K in expenses, and $1.7M in net assets.Pt I

Type
Religious organization · Religion
Location
Fairlawn, OH
Website
www.cantors.org
Filings
5 on file (2020–2024)
Revenue
$719KFY2024
Expenses
$852K
Net assets
$1.7M
People
31
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-1959506 Religious organization Fairlawn, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports cantors, educates them, and preserves Jewish music.
Leadership
Matt Axelrod · Executive Director · $152K
Money in and out
$719K revenue, $852K expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$719K
Pt VIII · Ln 12
Total expenses
$852K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$132K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
25.5mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▼ -35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$719K
FY2024▲ +32%
Expenses
$852K
FY2024▲ +38%
Total assets
$1.9M
FY2024▲ +12%
Total liabilities
$155K
FY2024▲ +26%
Total revenue
$719K
Pt VIII · Ln 12
Total expenses
$852K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$132K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 342
Independent voting membersPt I · Ln 442

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCantors Assembly INC
EINHdr · item D13-1959506
Principal addressHdr · item CFairlawn, OH
WebsiteHdr · item Jwww.cantors.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X30Z)
Ruling yearIRS BMFDec 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a42
Independent voting membersPt VI · Ln 1b42
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$151,500Pt VII · Sec A
VP Administration
$0Pt VII · Sec A
Director of HR
$0Pt VII · Sec A
Membership Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Matt Axelrod’s $152K as Executive Director is at the 98th percentile of top reported officer pay among 2135 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matt Axelrod$151,500$75,000
Stephen J Stein$63,515$127,531$121,181$118,331

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $681K of program spending, described in the organization's own filed words · FY2024.
01

This organization promotes and advances the traditions of jewish religious worship; maintains the highest standards among hazzan as clergy and provides for their commissioning as hazzan-minister; preserves and enlarges the liturgical and sacred musical heritage of the jewish people; advances the cause of jewish learning and jewish music…

$681Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$510K · 71%
Program service revenue$210K · 29%
Contributions & grants71%$510K
Program service revenue29%$210K
— government grantsLn 1e$50K
Total revenueLn 12$719K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$681K
Management & general20%$171K
Total functional expensesLn 25$852K

Balance Sheet

Part X · end of year
CashLn 1$101K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$155K
Total net assetsLn 32$1.7M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $852K
25.5 months
Where the money goes
Program services
Program services $681K · Total expenses $852K
80%
Management & General
Management & general $171K · Total expenses $852K
20%
Fundraising
Fundraising $0 · Total expenses $852K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $455K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $510K · Total revenue $719K
71%
Government reliance
Government grants $50K · Total revenue $719K
7%
Earned-income share
Program service revenue $210K · Total revenue $719K
29%
Investment reliance
Investment income $0 · Total revenue $719K
0%
Program self-sufficiency
Program service revenue $210K · Total expenses $852K
25%
Growth & trend
Revenue growth (YoY)
This year $719K · Prior year $544K
+32%
Revenue CAGR
FY2020 $681K · FY2024 $719K
+1%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $719K · Expenses $852K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.7M · Total assets $1.9M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
91%
People & payroll
Highest Reported Total Compensation
Individual Matt Axelrod · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $152K · Total expenses $852K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $407K · Total expenses $852K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 32%
Legal fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$719K revenue · viewing · ⤓ 990 PDF
FY2023$544K revenue · ⤓ 990 PDF
FY2022$763K revenue · ⤓ 990 PDF
FY2021$748K revenue · ⤓ 990 PDF
FY2020$681K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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