Simchat Torah Beit Midrash

EIN: 841358029 501(c)(3) Religion

Parker, CO

Total Revenue
$9,296,528
Total Expenses
$8,381,588
Total Assets
$10,310,137
Net Assets
$2,339,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CO
Principal Officer
Nicole Martin
Phone
3038197720
Tax Period
2023-01-01 to 2023-12-31

Simchat Torah Beit Midrash, founded in 1995, is a community nonprofit in the Religion sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $8.4M left a modest 10% surplus.

Mission

Simchat Torah Beit Midrash is a non-profit organization and community that has created specialized curriculum and learning centers through out the world. In these centers we provide classes from ICTS - the International Center for Torah Studies - which teach people authentic business principles, as well as fundamental moral principles for living a successful life. Our goal is to build a foundation for men and women to reach their potential and successfully grow in a global economy, culture, and support the local community.

Program Service Accomplishments

Program 1
Expenses: $5,607,351 Revenue: $256,128

Education, Weekly Meetings, and Benevolent Services: International Center for Torah Studies program (ICTS) - We have created this life changing program to help you reach your potential, improve your...

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Education, Weekly Meetings, and Benevolent Services: International Center for Torah Studies program (ICTS) - We have created this life changing program to help you reach your potential, improve your life and in turn, improve the world. We provide it online, at our STBM/ICTS centers and in the United States federal and state prisons. The ICTS program is a multi-level, multi-media curriculum facilitating college-style courses in classrooms locally, and available exclusively online. This ICTS program uses the STBM Companion Workbook and award-winning Companion Textbook whose stunning full-color design appeals to every type of student, including those who learn best by seeing and listening - called audio/visual learners. The courses are specifically designed in graduated learning tracks. Students are required to complete the courses in order. Benevolent Services provided to our local community include tuition assitance, food and rent assitance. STBM (Simchat Torah Beit Midrash), as an organization has developed digital platforms that specialize in learning and business experience. Public speaking, internet, television, radio, digital media, DVDs, CDs, and literature all play a part in STBM's outreach effort.

Program 2
Expenses: $27,958

Israel Trips: STBM is committed to raising awareness about the importance of Israel, the Israel Defense Forces (IDF), and the Israeli-Jewish culture and lifestyle - as they are all an integral part...

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Israel Trips: STBM is committed to raising awareness about the importance of Israel, the Israel Defense Forces (IDF), and the Israeli-Jewish culture and lifestyle - as they are all an integral part of a country which is now becoming the next Silicon Valley and MIT of the world in global technology related to education. By using the ethics, principles, and educational models offered in the Torah, our passion is to inspire others - regardless of religious affiliation or background - to connect with, invest in, and support the Land of Israel. Because of this STBM provides Israel Tours that bring between 80-200 entrepreneurs and students to Israel annually.

Program 3
Expenses: $278,239 Revenue: $328,552

Conferences & Special Events: STBM will hold events around the Biblical holidays as well as semi-annual leadership summits. These events will have up to 3000 in attendance locally and are broadcast...

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Conferences & Special Events: STBM will hold events around the Biblical holidays as well as semi-annual leadership summits. These events will have up to 3000 in attendance locally and are broadcast over various media platforms.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,259,433
Program Service Revenue $769,293
Investment Income $168
Other Revenue $267,634
TOTAL REVENUE $9,296,528

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,253,429
Fundraising Expenses $56,748
Program Expenses $6,282,792
Other Expenses $6,128,159
TOTAL EXPENSES $8,381,588

Year-over-Year Comparison

2023 2022 Change
Revenue $9,296,528 $7,140,895 +0.3%
Expenses $8,381,588 $7,798,141 +0.1%
Net Income $914,940 $-657,246 -2.4%
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
3
Independent Members
3
Employees
57
Volunteers
250

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
4
$280,982
Total Directors
4
$280,982
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ralph Messer President 40.00
Officer Director
$57,594 $62,002 $119,596
John Shuffle Secretary 1.00
Officer Director
$0 $0 $0
Nicole Martin Chief Operations Officer 40.00
Officer Director
$35,992 $0 $35,992
Maureen Messer Vice President 40.00
Officer Director
$57,594 $67,800 $125,394
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 No data No data No data No data
2023 $9,296,528 $8,381,588 $10,310,137 $914,940
2023 $9,296,528 $8,381,588 $10,310,137 $914,940
2022 $7,146,900 $7,987,193 $9,374,218 $-840,293
2022 $7,140,895 $7,798,141 $9,595,533 $-657,246
2021 $6,638,565 $6,555,748 $5,835,539 $82,817
2020 $6,029,820 $5,445,716 $5,748,721 $584,104
2019 $5,226,838 $4,945,548 $5,195,618 $281,290
2018 $4,656,448 $4,573,069 $5,149,684 $83,379
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