The organization's primary purpose is to provide continuing torah education for women as well as provide a healthy way to network and grow spiritually

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $15K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$426K
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.1M
To programs
78%
Net assets
$33K
By yearFY2020–FY2024
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$5.2M
FY2023$2.4M
FY2024$2.7M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$844K
FY2022$4.4M
FY2023$3.5M
FY2024$3.0M
Net assets
$33K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$33K
FY2021$431K
FY2022$1.2M
FY2023$1.2M
FY2024$2.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $837K Management & general 16% · $170K Fundraising 6% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$97,500Pt VII · Sec A
$0Pt VII · Sec A

Jacob Elefant’s $300K as Manager is at the 97th percentile of top reported officer pay among 1636 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Esther Wallerstein-Resigned——$440,000——
Jacob Elefant$300,000—$274,809——
Steven Wallerstein-Deceased——$249,782——
Esther Wallerstein—$236,154———
Jack Elefant———$48,750$97,500
Sendor Sturman$80,769————
Daphne Hanson$70,000————
Jeffrey Grossberg$53,250————

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers continuing Torah education and spiritual growth opportunities for women.

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Provided by the organization

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1 program · $837K · in their own filed words · FY2020
01

The organization is a women's Torah center that provides a wide variety of educational classes, recreational activities and social events for women ages 17 and above.

$837Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100
Grants paid · 9 grants · $3.4M · 2020–2024
Pinnacle Rtc INCNY · FY2024$576,000
Bnot Chaya AcademyNY · FY2024$268,000
Pinnacle Rtc INCNY · FY2023$1,000,000
Bnot Chaya AcademyNY · FY2023$152,100
Pinnacle Rtc INCNY · FY2022$802,132
Bnot Chaya AcademyNY · FY2022$503,750
Bnot Chaya AcademyNY · FY2021$21,276
Unitemized GrantFY2021$11,218
Bnot Chaya AcademyNY · FY2020$20,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$661K
Other incomeLn 4–11$497K
Money outPt IX
$1.1M
Ln 25
Programscol B$837K
Managementcol C$170K
Fundraisingcol D$69K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$459K
LiabilitiesLn 26$426K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$661K
Government grantsLn 1e$5K
Other incomeLn 4–11$497K
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$186K
SavingsLn 2$0
Cash and savings togetherLn 1–2$186K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$178K
Other assetsLn 15$95K
Total assetsLn 16$459K
LiabilitiesLn 26$426K
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 56
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$38K$186K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$188K$178K
Total assetsLn 16$312K$459K
LiabilitiesLn 26$361K$426K
Net assetsLn 32−$49K$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$3K$3K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$148K$88K$49K$11K
Advertising and promotionLn 12$165K$107K$57K
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$10K$9K$727
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$641K$568K$73K
All other expensesLn 24e$42K$36K$5K
Total functional expensesLn 25$1.1M$837K$170K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$3.0M−$255K$2.0M 990 PDF
FY2023 $2.4M$3.5M−$1.1M$1.2M 990 PDF
FY2022 $5.2M$4.4M$769K$1.2M 990 PDF
FY2021 $1.2M$844K$398K$431K 990 PDF
FY2020 Viewing $1.2M$1.1M$82K$33K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,157,718 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $395,956$660,982
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$116,251$496,736
I-12 Total revenuePrior year $279,705$1,157,718
I-13 Grants and similar amounts paidPrior year $101,252$28,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $877,829$1,047,850
I-18 Total expensesPrior year $979,081$1,075,850
I-19 Revenue less expensesPrior year −$699,376$81,868
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,157,718 across 9 lines filed
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$655,982
VIII-1h Total contributions, gifts and grants$660,982
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$496,736
VIII-12 Total revenue$1,157,718
Part IX · Statement of functional expenses $1,075,850 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-2 Grants to domestic individualsPrograms $3,000$3,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $14,600$14,600
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $87,750 · Management $48,750 · Fundraising $11,250$147,750
IX-12 Advertising and promotionPrograms $107,190 · Fundraising $57,489$164,679
IX-13 Office expensesManagement $6,442$6,442
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,120 · Management $727$9,847
IX-23 InsuranceManagement $21,904$21,904
IX-24 Other expenses (24a–d)Programs $568,338 · Management $72,657$640,995
IX-24e All other expensesPrograms $36,492 · Management $5,141$41,633
IX-25 Total functional expensesPrograms $836,890 · Management $170,221 · Fundraising $68,739$1,075,850
Part X · Balance sheet $458,641 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $37,625$186,029
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $187,827$177,980
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $86,630$94,632
X-16 Total assetsStart of year $312,082$458,641
X-25 Other liabilitiesStart of year $360,883$425,574
X-26 Total liabilitiesStart of year $360,883$425,574
X-27 Net assets without donor restrictionsStart of year −$48,801$33,067
X-32 Total net assets or fund balancesStart of year −$48,801$33,067
X-33 Total liabilities and net assetsStart of year $312,082$458,641
Part XI · Reconciliation of net assets $33,067 net assets at year end
XI-1 Total revenue$1,157,718
XI-2 Total expenses$1,075,850
XI-3 Revenue less expenses$81,868
XI-4 Net assets at start of year−$48,801
XI-10 Net assets at end of year$33,067

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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