Lapid Yeshiva INC

Tax-deductible

Rockaway Park, NY501(c)(3)EducationEIN 88-1917189Revenue $1.2M in FY2024

On file with the IRS13401 Rockaway Beach Blvd, 11694-1450 · Rockaway Park, NYTax-exempt since Jul 2023School — 170(b)(1)(A)(ii)

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Yeshiva elementary school for students with languagebased learning disabilities

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$28K 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 2
filings with a surplus
Average surplus $310K a year · 22% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 4% of spending
Top officer’s pay lower than 96% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $574K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$44K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-36% vs prior year
Spent
$747K
To programs
91%
Net assets
$1.1M
By yearFY2023–FY2024
Revenue
$1.2M
FY2024▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2023$893K
FY2024$1.9M
FY2024$1.2M
Expenses
$747K
FY2024▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2023$395K
FY2024$1.8M
FY2024$747K
Net assets
$1.1M
FY2024▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2023$499K
FY2024$601K
FY2024$1.1M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2023.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $683K Management & general 8% · $56K Fundraising 1% · $8K

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

5 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$28,367Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Raphael Dachs’s $28K as Executive Director 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

NameFY2024FY2023
Raphael Dachs$28,367$17,500

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates Jewish children with language-based learning disabilities.

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Provided by the organization

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1 program · $717K · in their own filed words · FY2024
01

School for students with disabilities

$717Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 13 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$181K
Money outPt IX
$747K
Ln 25
Programscol B$683K
Managementcol C$56K
Fundraisingcol D$8K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$994K
Total assetsLn 16$1.1M
LiabilitiesLn 26$44K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$181K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$994K
Cash and savings togetherLn 1–2$994K
Land, buildings, equipmentLn 10c$105K
Total assetsLn 16$1.1M
LiabilitiesLn 26$44K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
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$513K$994K
Land, buildings, equipmentLn 10c$91K$105K
Total assetsLn 16$604K$1.1M
LiabilitiesLn 26$3K$44K
Net assetsLn 32$601K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$28K$28K
Other salaries and wagesLn 7$428K$428K
Other employee benefitsLn 9$51K$48K$3K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$57K$57K
Advertising and promotionLn 12$8K$2K$7K
Office expensesLn 13$6K$50$5K$400
Information technologyLn 14$22K$21K$458$458
OccupancyLn 16$41K$36K$5K
TravelLn 17$96$96
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$7K$6K$357$357
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$90K$84K$6K
Total functional expensesLn 25$747K$683K$56K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.9M$1.8M$121K$601K 990 PDF
FY2023 $893K$395K$499K$499K 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 $1,244,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,724,330$1,062,864
I-9 Program service revenuePrior year $224,032$181,477
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,948,362$1,244,341
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,034,392$507,650
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $792,958$239,527
I-18 Total expensesPrior year $1,827,350$747,177
I-19 Revenue less expensesPrior year $121,012$497,164
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,244,341 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,062,864
VIII-1h Total contributions, gifts and grants$1,062,864
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $181,477$181,477
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $181,477 · Unrelated business $0 · Excluded from tax $0$1,244,341
Part IX · Statement of functional expenses $747,177 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $28,367$28,367
IX-7 Other salaries and wagesPrograms $427,913$427,913
IX-9 Other employee benefitsPrograms $48,000 · Management $3,370$51,370
IX-11b Legal feesManagement $4,920$4,920
IX-11c Accounting feesManagement $1,420$1,420
IX-11g Other fees for servicesPrograms $56,776$56,776
IX-12 Advertising and promotionPrograms $2,058 · Fundraising $6,700$8,358
IX-13 Office expensesPrograms $50 · Management $5,080 · Fundraising $400$5,530
IX-14 Information technologyPrograms $21,008 · Management $458 · Fundraising $458$21,924
IX-16 OccupancyPrograms $36,000 · Management $4,763$40,763
IX-17 TravelPrograms $96$96
IX-19 Conferences, conventions and meetingsPrograms $1,330$1,330
IX-22 Depreciation, depletion and amortizationPrograms $6,419 · Management $357 · Fundraising $357$7,132
IX-23 InsuranceManagement $1,706$1,706
IX-24 Other expenses (24a–d)Programs $83,633 · Management $5,939$89,572
IX-25 Total functional expensesPrograms $683,283 · Management $56,380 · Fundraising $7,915$747,177
Part X · Balance sheet $1,098,533 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $512,965$993,969
X-10c Land, buildings and equipment, netStart of year $91,420$104,564
X-16 Total assetsStart of year $604,385$1,098,533
X-17 Accounts payable and accrued expensesStart of year $3,200$43,809
X-26 Total liabilitiesStart of year $3,200$43,809
X-27 Net assets without donor restrictionsStart of year $601,185$1,054,724
X-32 Total net assets or fund balancesStart of year $601,185$1,054,724
X-33 Total liabilities and net assetsStart of year $604,385$1,098,533
Part XI · Reconciliation of net assets $1,054,724 net assets at year end
XI-1 Total revenue$1,244,341
XI-2 Total expenses$747,177
XI-3 Revenue less expenses$497,164
XI-4 Net assets at start of year$601,185
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,054,724

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

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