Sephardic Bet Yaakov Inc
Sephardic Bet Yaakov Inc shows consistent revenue growth and operating surpluses, but carries substantial liabilities with no reported officer compensation.
EIN: 204325964 · Lakewood, NJ · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $5.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.7M |
| Transparency Score | 70/100 |
Is Sephardic Bet Yaakov Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sephardic Bet Yaakov Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sephardic Bet Yaakov Inc
Sephardic Bet Yaakov Inc (EIN: 204325964) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code B20. The organization reported total revenue of $5.0M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sephardic Bet Yaakov Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sephardic Bet Yaakov Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$226K |
| Total Assets | $11.8M |
| Total Liabilities | $7.1M |
| Net Assets | $4.7M |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 60.2% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2023, Sephardic Bet Yaakov Inc reported a surplus of $226K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 60.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sephardic Bet Yaakov Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -1.6% | -1.8% |
| 2022 | -39.1% | -30.6% | +3.3% |
| 2021 | +141.5% | +112.1% | +45.0% |
| 2020 | +17.0% | +39.5% | +10.1% |
| 2019 | +7.8% | +19.0% | +50.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sephardic Bet Yaakov Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Sephardic Bet Yaakov Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $226K, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues exceeding $5 million. This could indicate a volunteer executive leadership or compensation structured in a manner not categorized as officer compensation on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sephardic Bet Yaakov Inc's IRS 990 filings:
- Significant liabilities relative to assets (e.g., $7,081,326 liabilities vs. $11,758,494 assets in 2023) could indicate higher financial risk.
- No reported officer compensation across all 13 filings, which is unusual for an organization of this scale and could impact transparency regarding leadership costs.
Strengths
The following positive indicators were identified for Sephardic Bet Yaakov Inc:
- Consistent revenue growth over the past decade, from $975,556 in 2014 to $5,387,891 in 2023, demonstrating strong financial development.
- Maintains an operating surplus in most years (e.g., $225,757 surplus in 2023), indicating sound financial management and sustainability.
- Consistent filing of IRS Form 990s for 13 periods, showing a commitment to regulatory compliance and public disclosure.
Frequently Asked Questions about Sephardic Bet Yaakov Inc
Is Sephardic Bet Yaakov Inc a legitimate charity?
Sephardic Bet Yaakov Inc (EIN: 204325964) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Sephardic Bet Yaakov Inc spend its money?
Sephardic Bet Yaakov Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Sephardic Bet Yaakov Inc tax-deductible?
Sephardic Bet Yaakov Inc is registered as a tax-exempt nonprofit (EIN: 204325964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sephardic Bet Yaakov Inc CEO make?
Sephardic Bet Yaakov Inc's highest-compensated officer earns $5 annually. The organization reported $5.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sephardic Bet Yaakov Inc's spending goes to programs?
Sephardic Bet Yaakov Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sephardic Bet Yaakov Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sephardic Bet Yaakov Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sephardic Bet Yaakov Inc located?
Sephardic Bet Yaakov Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 204325964. It is classified under NTEE code B20.
How many years of IRS 990 filings does Sephardic Bet Yaakov Inc have?
Sephardic Bet Yaakov Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.0M in total revenue.
What is the nature of Sephardic Bet Yaakov Inc's significant liabilities?
In 2023, the organization reported liabilities of $7,081,326 against assets of $11,758,494. Understanding the composition of these liabilities (e.g., mortgages, program-related debt, lines of credit) is crucial for assessing long-term financial risk.
How does Sephardic Bet Yaakov Inc manage its executive leadership without reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings suggests either a fully volunteer executive team or a compensation structure that is not reported in this section of the 990. Clarification on this practice would enhance transparency.
What is the detailed functional expense breakdown for Sephardic Bet Yaakov Inc?
While total expenses are provided, a breakdown into program, administrative, and fundraising expenses is not readily available from the summary data. This information is essential for evaluating spending efficiency and program focus.
Filing History
IRS 990 filing history for Sephardic Bet Yaakov Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sephardic Bet Yaakov Inc's revenue has grown by 795.2%, moving from $602K to $5.4M. Total assets increased by 25940.9% over the same period, from $45K to $11.8M. Total functional expenses rose by 759.5%, from $601K to $5.2M. In its most recent filing year (2023), Sephardic Bet Yaakov Inc reported a surplus of $226K, with revenue exceeding expenses. The organization holds $7.1M in liabilities against $11.8M in assets (debt-to-asset ratio: 60.2%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $5.2M | $11.8M | $7.1M | — | — |
| 2022 | $5.4M | $5.2M | $12.0M | $7.5M | — | — |
| 2021 | $8.9M | $7.6M | $11.6M | $6.9M | — | View 990 |
| 2020 | $3.7M | $3.6M | $8.0M | $4.6M | — | View 990 |
| 2019 | $3.1M | $2.6M | $7.3M | $4.0M | — | View 990 |
| 2018 | $2.9M | $2.1M | $4.8M | $2.1M | — | View 990 |
| 2017 | $2.3M | $1.9M | $3.7M | $1.8M | — | View 990 |
| 2016 | $2.9M | $2.3M | $3.6M | $2.0M | — | View 990 |
| 2015 | $2.0M | $1.9M | $3.0M | $2.1M | — | View 990 |
| 2014 | $976K | $852K | $2.8M | $1.9M | — | View 990 |
| 2013 | $1.7M | $1.2M | $972K | $383K | — | View 990 |
| 2012 | $811K | $742K | $141K | $14K | — | View 990 |
| 2011 | $602K | $601K | $45K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $5.2M, and assets of $11.8M (revenue -0.2% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.2M, and assets of $12.0M (revenue -39.1% year-over-year).
- 2021: Revenue of $8.9M, expenses of $7.6M, and assets of $11.6M (revenue +141.5% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.6M, and assets of $8.0M (revenue +17.0% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.6M, and assets of $7.3M (revenue +7.8% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.1M, and assets of $4.8M (revenue +28.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.9M, and assets of $3.7M (revenue -23.0% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.3M, and assets of $3.6M (revenue +45.0% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $3.0M (revenue +107.7% year-over-year).
- 2014: Revenue of $976K, expenses of $852K, and assets of $2.8M (revenue -42.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.2M, and assets of $972K (revenue +108.2% year-over-year).
- 2012: Revenue of $811K, expenses of $742K, and assets of $141K (revenue +34.7% year-over-year).
- 2011: Revenue of $602K, expenses of $601K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sephardic Bet Yaakov Inc:
Data Sources and Methodology
This transparency report for Sephardic Bet Yaakov Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.