Maimonides Shalom Academy Inc
Nonprofit profile at a glance
- EIN
- 650213879
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fort Lauderdale, FL, USA
- Phone
- 9549896886
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Judaism
Reported finances
- Revenue
- $17,107,603
- Expenses
- $16,661,028
- Assets
- $35,126,848
- Liabilities
- $14,550,342
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- JON KAWEBLUM (PRESIDENT AS OF 07/24)
- MIRIAM UNGAR (VICE PRESIDENT)
- ELIMELECH HAGLER (EXECUTIVE DIRECTOR)
Highest reported compensation
- RABBI JONAH FEIN (HEAD OF SCHOOL): $478,914 total reported compensation
- ELIMELECH HAGLER (EXECUTIVE DIRECTOR): $249,780 total reported compensation
- MICHELLE MOSES (CFO): $220,713 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The leon and leona brauser maimonides academy (bma) is a modern orthodox zionistic jewish day school committed to academic excellence in both judaic and general studies, while maintaining a warm, nurturing, learning environment in which our students thrive intellectually, socially and spiritually. Bma strives to empower our students with the knowledge and skills necessary to succeed to their full potential. The school seeks to instill within each child a lifelong love of torah with adherence to halacha; love and respect for klal yisrael and medinat yisrael; commitment to mitzvot; development of positive middot, and proficiency in modern hebrew. The uniqueness of a bma education is its child-centered approach, which focuses on each student's individual character and personality. The cultivation of responsibility, discipline, self-esteem, confidence and genuine love and respect for all people is the hallmark of our education.
What it reported doing in 2024
Rendered teaching and schooling of children in religious instructions.
Operating model
- Revenue model
- Other-operating. 83% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 83
- Accountability: 86
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.9%; rating input score 85
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: $4.7 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 2.11; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 8.5% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 9.6% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 84.9% of revenue deployed · 87% of spending went to programs
- Governance: 17 of 17 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $14.5M in reported program spending
- Leadership: top reported pay $479K · 22 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.4M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.