Provide education to students to earn degrees of associates in science & associates in applied science and certificates in various programs.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $128K a year · 12% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $61K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$188K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+30% vs prior year
Spent
$1.0M
To programs
76%
Net assets
$674K
By yearFY2020–FY2025
Revenue
$1.3M
FY2022▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$665K
FY2021$996K
FY2022$1.3M
FY2023$1.4M
FY2024$616K
FY2025$1.5M
Expenses
$1.0M
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$574K
FY2021$909K
FY2022$1.0M
FY2023$1.2M
FY2024$598K
FY2025$1.3M
Net assets
$674K
FY2022▲ +66%
Tap a bar for its year
Net assets by fiscal year
FY2020$318K
FY2021$405K
FY2022$674K
FY2023$859K
FY2024$877K
FY2025$997K

From the FY2022 Form 990 (year ending August 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $785K Management & general 24% · $242K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Chaim a Waldman’s $30K as President is at the 4th percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2025FY2024FY2023
Chaim a Waldman$30,000$46,248$87,076

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 Elyon College 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

Offers education for associate degrees and certificates in various programs.

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Provided by the organization

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1 program · $785K · in their own filed words · FY2021
01

Provide education to students to earn degrees of associates in science & associates in applied science and certificates in various programs.

$785Kprogram 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 · FY2024
The Ojc FundFY2024$25K
Total grants receivedfrom 3 funders$61K
See all 3 funders →
Grants paid · 2 grants · $123K · 2024–2024
Keren Machon Raaya INCNJ · FY2024$111,000
Congregation Tiferes TzviNY · FY2024$11,800

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$17K
Money outPt IX
$1.0M
Ln 25
Programscol B$785K
Managementcol C$242K
Owns and owesPt X
$674K
net assets · Ln 32
Cash and savingsLn 1–2$681K
Total assetsLn 16$862K
LiabilitiesLn 26$188K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Fees for servicesLn 2g$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$681K
Cash and savings togetherLn 1–2$681K
Land, buildings, equipmentLn 10c$147K
Total assetsLn 16$862K
LiabilitiesLn 26$188K
Net assetsLn 32$674K
OperationsPt I, VI
EmployeesI 521
Fiscal year endsHeaderAugust
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 FY22End FY22
Cash and savingsLn 1–2$426K$681K
Land, buildings, equipmentLn 10c$116K$147K
Total assetsLn 16$594K$862K
LiabilitiesLn 26$189K$188K
Net assetsLn 32$405K$674K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$364K$219K$146K
Payroll taxesLn 10$28K$17K$11K
Accounting feesLn 11c$25K$25K
Advertising and promotionLn 12$1K$1K
OccupancyLn 16$132K$99K$33K
TravelLn 17$1K$1K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$384K$384K
All other expensesLn 24e$61K$42K$19K
Total functional expensesLn 25$1.0M$785K$242K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.3M$120K$997K 990 PDF
FY2024 $616K$598K$18K$877K 990 PDF
FY2023 $1.4M$1.2M$185K$859K 990 PDF
FY2022 Viewing $1.3M$1.0M$268K$674K 990 PDF
FY2021 $996K$909K$87K$405K 990 PDF
FY2020 $665K$574K$91K$318K 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 FY2022 990 (6 parts)
Part I · Summary $1,294,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,000$17,000
I-9 Program service revenuePrior year $966,938$1,277,707
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $978,938$1,294,707
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $353,850$392,144
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $537,852$634,325
I-18 Total expensesPrior year $891,702$1,026,469
I-19 Revenue less expensesPrior year $87,236$268,238
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $1,294,707 across 4 lines filed
VIII-1f All other contributions, gifts and grants$17,000
VIII-1h Total contributions, gifts and grants$17,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,277,707$1,277,707
VIII-12 Total revenueRelated to mission $1,277,707$1,294,707
Part IX · Statement of functional expenses $1,026,469 across 11 lines filed
IX-7 Other salaries and wagesPrograms $218,631 · Management $145,754$364,385
IX-10 Payroll taxesPrograms $16,655 · Management $11,104$27,759
IX-11c Accounting feesManagement $25,292$25,292
IX-12 Advertising and promotionPrograms $1,115$1,115
IX-16 OccupancyPrograms $99,000 · Management $33,000$132,000
IX-17 TravelPrograms $1,200$1,200
IX-20 InterestManagement $4,308$4,308
IX-22 Depreciation, depletion and amortizationPrograms $22,365$22,365
IX-23 InsuranceManagement $2,835$2,835
IX-24 Other expenses (24a–d)Programs $384,046$384,046
IX-24e All other expensesPrograms $41,937 · Management $19,227$61,164
IX-25 Total functional expensesPrograms $784,949 · Management $241,520 · Fundraising $0$1,026,469
Part X · Balance sheet $861,985 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $426,392$680,631
X-4 Accounts receivableStart of year $51,637$34,513
X-10c Land, buildings and equipment, netStart of year $115,807$146,841
X-16 Total assetsStart of year $593,836$861,985
X-17 Accounts payable and accrued expensesStart of year $38,525$38,436
X-26 Total liabilitiesStart of year $188,525$188,436
X-27 Net assets without donor restrictionsStart of year $405,311$673,549
X-32 Total net assets or fund balancesStart of year $405,311$673,549
X-33 Total liabilities and net assetsStart of year $593,836$861,985
Part XI · Reconciliation of net assets $673,549 net assets at year end
XI-1 Total revenue$1,294,707
XI-2 Total expenses$1,026,469
XI-3 Revenue less expenses$268,238
XI-4 Net assets at start of year$405,311
XI-10 Net assets at end of year$673,549

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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