Kollel - Los Angeles

EIN: 952906949 501(c)(3) Religion

Los Angeles, CA

Total Revenue
$2,167,136
Total Expenses
$1,246,559
Total Assets
$4,732,930
Net Assets
$2,124,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CA
Phone
3239337193
Tax Period
2017-09-01 to 2018-08-31

Kollel - Los Angeles, founded in 1974, is a community nonprofit in the Religion sector that reported $2.2M in total revenue in fiscal year 2017. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $921K, a strong 42% operating margin.

Mission

Kollel Los Angeles is a multi purpose congregation, house of worship, library, community resource center, and a provider of classes and educational opportunities for Orthodox Religious Jews in Southern California. For over thirty five years, the Kollel has been the integral and driving force for the spiritual development of the Los Angeles Orthodox Jewish Community. The Kollel operates as other community Kollels in other large towns operate and has been recognized internationally for its' commitment and contributions toward authentic Orthodox Judaism and its' related academic development. The Kollel is comprised of experienced Rabbis, volunteers, community leaders and laypeople, as well as students - all of whom are devoted to the spiritual growth and development of the Orthodox Jewish community in Los Angeles and in the United States.

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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 (2017)

Revenue Breakdown

Contributions & Grants $2,044,641
Program Service Revenue $0
Investment Income $25,962
Other Revenue $96,533
TOTAL REVENUE $2,167,136

Expense Breakdown

Grants Paid $629,100
Salaries & Benefits $97,493
Fundraising Expenses $3,954
Program Expenses $1,176,904
Other Expenses $519,966
TOTAL EXPENSES $1,246,559

Year-over-Year Comparison

2017 2016 Change
Revenue $2,167,136 $1,376,975 +0.6%
Expenses $1,246,559 $1,114,618 +0.1%
Net Income $920,577 $262,357 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
1
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
3
$0
Total Directors
6
$39,545
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meir Levin Director 0.00
Director
$0 $0 $0
Seth Bienstock Director 0.00
Director
$0 $0 $0
Barry Weiss President 0.00
Director
$0 $0 $0
Shmuel Fasman Secretary 0.00
Officer Director
$0 $0 $0
David Friedman Director 0.00
Officer Director
$0 $0 $0
Nosson Fasman Director 40.00
Director
$39,545 $0 $39,545
Allen Hershberg Treasurer 0.00
Officer
$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
2018 $2,167,136 $1,246,559 $4,732,930 $920,577
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