Yeshivat Darche Eres Inc

Nonprofit profile at a glance

EIN
274186981
IRS 990 coverage
2011–2020
Forms available
Form 990 2020
Location
Brooklyn, NY, USA
Phone
7182320100
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Judaism
Affiliation
Judaism

Official website

Reported finances

Revenue
$48,431,872
Expenses
$24,739,900
Assets
$74,421,556
Liabilities
$35,180,875

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MICHAEL JEMAL (PRESIDENT / DIRECTOR)
  • EDWARD SAFF (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MEYER YEDID (PRINCIPAL): $309,811 total reported compensation
  • HELEN S SPIRN (GIRLS H. SCHOOL PRINCIPAL): $299,976 total reported compensation
  • YITZCHAK GOLDBERG (BOYS HIGH SCHOOL PRINCIPAL): $231,049 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To maintain a school for hebrew religious and secular education.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% 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

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 76
  • Accountability: 72
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.1%; rating input score 45
  • Program expense ratio: 88.3%; rating input score 88
  • Fundraising efficiency: $33.63 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 11th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.5%; rating input score 99; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 11th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Fail

Sustainability

  • Operating margin: 48.9%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 3.01; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.47; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 13.9% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 19.8% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 27.2% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 45.1% of revenue deployed · 88.3% of spending went to programs
  • Governance: 3 of 5 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $21.8M in reported program spending
  • Leadership: top reported pay $310K · 12 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $411K reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2011 to 2020
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.