Toras Chesed INC

Tax-deductible

Lakewood, NJ501(c)(3)ReligionEIN 22-3297123Revenue $4.1M in FY2024

On file with the IRS421 6th St, 08701-2705 · Lakewood, NJTax-exempt since Aug 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Charitable and educational

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$46K 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

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $58K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 1% of spending
Top officer’s pay lower than 87% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
+7% vs prior year
Spent
$4.2M
To programs
94%
Net assets
$913K
By yearFY2020–FY2024
Revenue
$4.1M
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$3.9M
FY2022$4.2M
FY2023$3.8M
FY2024$4.1M
Expenses
$4.2M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$3.3M
FY2022$4.4M
FY2023$3.7M
FY2024$4.2M
Net assets
$913K
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$457K
FY2021$1.1M
FY2022$929K
FY2023$999K
FY2024$913K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1994.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $3.9M Management & general 5% · $198K Fundraising 1% · $33K

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

4 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation
$45,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eliezer S Krohn’s $46K as Trustee is at the 13th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Eliezer S Krohn$45,500$38,500$49,500$52,500$78,900

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.

See Toras Chesed INC executive salaries →

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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

Provides stipends to scholars and supports other charitable and educational activities.

Provided by the organization

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3 programs · $3.9M · in their own filed words · FY2024
01

Support of tax-exempt organizations under section 501(c)(3)

$1.8Mprogram expense
02

Financial aid-support of qualified indigent people

$1.6Mprogram expense
03

Stipends to scholars and other charitable and educational activities

$542Kprogram 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$10K
Grants paid · 303 grants · $14.3M · 2020–2024
Unitemized GrantFY2024$1,315,165
Unitemized GrantFY2024$524,715
Ezer Leyisroel INCNJ · FY2024$164,319
Zichron Menachem INCNY · FY2024$121,182
Lev Berel INCNJ · FY2024$120,947
Ein Od MilvadoNJ · FY2024$91,653
Chizuk USA INCNJ · FY2024$85,000
Khal Bnei Torah of Mount IvyNY · FY2024$75,100
Chesed of LakewoodNJ · FY2024$54,500
Individual RecipientFY2024$36,000
Yeshiva Tiferes ElimelechNY · FY2024$30,250
Congregation Bais MenachemNY · FY2024$30,000
Zichron MosheNY · FY2024$29,900
Mevakshai HashemNY · FY2024$27,250
Keren EzraPA · FY2024$25,000
See all 303 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$67
Money outPt IX
$4.2M
Ln 25
Programscol B$3.9M
Managementcol C$198K
Fundraisingcol D$33K
Owns and owesPt X
$913K
net assets · Ln 32
Cash and savingsLn 1–2$433K
Total assetsLn 16$936K
LiabilitiesLn 26$23K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Noncash giftsLn 1g$16K
Investment incomeLn 3$67
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$338K
Cash and savings togetherLn 1–2$433K
Land, buildings, equipmentLn 10c$435K
Total assetsLn 16$936K
LiabilitiesLn 26$23K
Net assetsLn 32$913K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$431K$433K
Land, buildings, equipmentLn 10c$448K$435K
Total assetsLn 16$1.0M$936K
LiabilitiesLn 26$4K$23K
Net assetsLn 32$999K$913K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Grants to domestic individualsLn 2$1.8M$1.8M
Grants and assistance to foreign recipientsLn 3$256K$256K
Pay of current officers, directors and key staffLn 5$78K$78K
Other salaries and wagesLn 7$36K$36K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$897$897
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$35K$35K
OccupancyLn 16$1K$1K
InsuranceLn 23$469$469
Other expenses (24a–d)Ln 24$93K$36K$36K$21K
All other expensesLn 24e$48$48
Total functional expensesLn 25$4.2M$3.9M$198K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.1M$4.2M−$86K$913K 990 PDF
FY2023 $3.8M$3.7M$70K$999K 990 PDF
FY2022 $4.2M$4.4M−$150K$929K 990 PDF
FY2021 $3.9M$3.3M$622K$1.1M 990 PDF
FY2020 $2.6M$2.8M−$168K$457K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,076,950 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,794,322$4,089,580
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $42$67
I-11 Other revenuePrior year $12,108−$12,697
I-12 Total revenuePrior year $3,806,472$4,076,950
I-13 Grants and similar amounts paidPrior year $3,442,907$3,896,421
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $117,767$116,918
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $175,517$149,536
I-18 Total expensesPrior year $3,736,191$4,162,875
I-19 Revenue less expensesPrior year $70,281−$85,925
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $4,076,950 across 6 lines filed
VIII-1f All other contributions, gifts and grants$4,089,580
VIII-1g Noncash contributions (included above)$16,000
VIII-1h Total contributions, gifts and grants$4,089,580
VIII-3 Investment incomeExcluded from tax $67$67
VIII-6 Net rental income or lossExcluded from tax −$12,697−$12,697
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$12,630$4,076,950
Part IX · Statement of functional expenses $4,162,875 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $1,800,851$1,800,851
IX-2 Grants to domestic individualsPrograms $1,839,880$1,839,880
IX-3 Grants and assistance to foreign recipientsPrograms $255,690$255,690
IX-5 Pay of current officers, directors and key staffManagement $78,000$78,000
IX-7 Other salaries and wagesManagement $35,713$35,713
IX-10 Payroll taxesManagement $3,205$3,205
IX-11c Accounting feesManagement $7,500$7,500
IX-11g Other fees for servicesManagement $897$897
IX-12 Advertising and promotionFundraising $11,455$11,455
IX-13 Office expensesManagement $35,103$35,103
IX-16 OccupancyManagement $1,000$1,000
IX-23 InsuranceManagement $469$469
IX-24 Other expenses (24a–d)Programs $36,002 · Management $35,611 · Fundraising $21,451$93,064
IX-24e All other expensesManagement $48$48
IX-25 Total functional expensesPrograms $3,932,423 · Management $197,546 · Fundraising $32,906$4,162,875
Part X · Balance sheet $935,644 assets, 9 lines filed
Asset lines not itemized here account for $9,155; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $92,265$94,680
X-2 Savings and temporary cash investmentsStart of year $338,411$338,479
X-3 Pledges and grants receivableStart of year $115,049$58,255
X-10c Land, buildings and equipment, netStart of year $447,663$435,075
X-16 Total assetsStart of year $1,002,543$935,644
X-17 Accounts payable and accrued expensesStart of year $3,617$22,643
X-26 Total liabilitiesStart of year $3,617$22,643
X-32 Total net assets or fund balancesStart of year $998,926$913,001
X-33 Total liabilities and net assetsStart of year $1,002,543$935,644
Part XI · Reconciliation of net assets $913,001 net assets at year end
XI-1 Total revenue$4,076,950
XI-2 Total expenses$4,162,875
XI-3 Revenue less expenses−$85,925
XI-4 Net assets at start of year$998,926
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$913,001

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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