MAYSHARIM INC

EIN: 223680721 501(c)(3) Religion

LAKEWOOD, NJ

Total Revenue
$1,066,455
Total Expenses
$723,096
Total Assets
$2,561,268
Net Assets
$2,389,423
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Principal Officer
DAVID T COHEN
Phone
7329053388
Tax Period
2024-01-01 to 2024-12-31

MAYSHARIM INC, founded in 1999, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $343K, a strong 32% operating margin.

Mission

THE PRIMARY FUNCTION OF MAYSHARIM INC. IS TO PERFORM AS A FULL-SCALE RELIGIOUS RABBINICAL COURT. THIS INCLUDES, BUT IS NOT LIMITED TO ADJUDICATION AND ARBITRATION OF DISPUTES ACCORDING TO RELIGIOUS JEWISH LAW, COMPOSITION OF BINDING CONTRACTS, AND PREPARATION AND SUPERVISION OF THE GET (JEWISH WRIT OF DIVORCE). THE JUDGES PRESIDING OVER THE COURT ARE TRAINED AND TESTED FOR A RABBINIC DEGREE. CONTINUING EDUCATION COURSES ARE PROVIDED FOR JUDGES AND PRACTICING RABBIS. IN 2013, ORGANIZATION DECIDED TO EXPAND ACTIVITIES TO INCLUDE EDUCATIONAL LECTURES AND EVENTS, WRITTEN PUBLICATIONS AND AUDIO/VIDEO PRODUCTIONS FOR THE LAYMAN, PROVIDING STIPENDS TO JUDGES AND PRACTICING RABBIS AND STUDENTS WHO ARE STUDYING JEWISH LAW, SUPPORTING OTHER EDUCATIONAL ORGANIZATIONS AND SCHOOLS, AND PROVIDING FINANCIAL ASSISTANCE TO THE INDIGENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $455,095
Program Service Revenue $315,226
Investment Income $296,134
Other Revenue $0
TOTAL REVENUE $1,066,455

Expense Breakdown

Grants Paid $65,659
Salaries & Benefits $513,894
Fundraising Expenses $0
Program Expenses $634,883
Other Expenses $143,543
TOTAL EXPENSES $723,096

Year-over-Year Comparison

2024 2023 Change
Revenue $1,066,455 $1,148,823 -0.1%
Expenses $723,096 $787,759 -0.1%
Net Income $343,359 $361,064 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
4
$35,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID T COHEN ADMINISTRATO 10.00
Director
$35,400 $0 $35,400
JACOB FROMMER TRUSTEE 1.00
Director
$0 $0 $0
YOSEF KAPLOVITZ TRUSTEE 1.00
Director
$0 $0 $0
AARON SUSSMAN TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,066,455 $723,096 $2,561,268 $343,359
2023 $1,148,823 $787,759 $2,166,387 $361,064
2022 $1,197,521 $659,194 $1,785,121 $538,327
2021 $1,689,644 $630,499 $1,217,912 $1,059,145
2020 $542,175 $471,195 $181,261 $70,980
2019 $446,044 $466,183 $75,301 $-20,139
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