2024-05-09T19:04:48-05:00 2023-06-30 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR NEW YORK NY 10018 990 2022-07-01 221833220 GOTTESMAN RTW ACADEMY % GOTTESMAN RTW ACADEMY GOTT 9735845530 146 DOVER CHESTER ROAD RANDOLPH NJ 07869 STEVEN LEVY TREASURER 9735845530 2023-11-10 true STEVEN LEVY 999009999 CATHERINE BENDALL CPA P00521196 2127519100 2022 2023-04-26 12:10:37Z Dr Moshe Vaknin 146 DOVER CHESTER ROAD RANDOLPH NJ 07869 6061441 false X WWW.GRTWACADEMY.ORG X 1967 NJ TO MAINTAIN HIGH STANDARDS OF ACADEMIC EXCELLENCE AND NURTURE STUDENTS IN AN ENVIRONMENT INFUSED WITH THE RICHNESS OF JEWISH LIFE 17 17 85 27 0 2468504 2019950 3338947 3747270 54073 41179 4576 34949 5866100 5843348 1681825 1828586 0 0 3362004 3538540 0 0 150826 1682764 2003918 6726593 7371044 -860493 -1527696 18843073 16866579 1245803 729895 17597270 16136684 X THE GOTTESMAN RTW ACADEMY MAINTAINS HIGH STANDARDS OF ACADEMIC EXCELLENCE AND NURTURE STUDENTS IN AN ENVIRONMENT INFUSED WITH THE RICHNESS OF JEWEISH LIFE. THE ACADEMY INSPIRES INTELLECTUAL CURIOUSITY, CRITICAL THINKING, AND PERSONAL INTERGRITY TO ENABLE OUR STUDETNS TO EMERGE AS LIFELONG LEARNERS, COMPASSIONATE INDIVUDUALS, AND SUCCESSFUL MEMBERS OF SOCIETY WHO ARE ROOTED IN THEIR HERITAGE. AS A COMMUNITY DAY SCHOOL, THE ACADEMY WELCOMES FAMILIES FROM A WIDE RANGE OF JEWISH BACKGROUNDS, REFLECTING THE DIVERSITY OF THE AMERICAN JEWISH COMMUNITY TODAY. false false 6638379 1828586 3747270 OPERATION OF A JEWish DAY SCHOOL FOR APPROXIMATELY 183 STUDENTS LIVING IN THE AREA OF MORRIS COUNTY, NJ 6638379 true true false false false false false false false true true false false false false true true false true false false false false false true false false false true true false false false true false false false false false false false false false false false false false true 29 0 true 85 true false false false false false true true false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false NJ X GOTTESMAN RTW ACADEMY 9735845530 146 DOVER CHESTER ROAD RANDOLPH NJ 07869 dr Moshe Vaknin Head of School 40.0 0.0 X 191933 0 6720 dr Cheryl Bahar Dean of General Studies 40.0 0.0 X 143623 0 7313 naomi Bacharach Director Institutional Advance 40.0 0.0 X 101913 0 0 Joseph Weiss Director of Finance 40.0 0.0 X 77229 0 0 Liron Kormas Harpaz President 15.0 0.0 X X 0 0 0 Alyssa Engleberg Vice President 5.0 0.0 X X 0 0 0 Steven Levy Treasurer 10.0 0.0 X X 0 0 0 Jason Bacharach Secretary 5.0 0.0 X X 0 0 0 Lavette Shrem Secretary 5.0 0.0 X X 0 0 0 Jarrett Bluth Trustee 5.0 0.0 X 0 0 0 Joshua Frankl Trustee 5.0 0.0 X 0 0 0 Ira Hammer Trustee 5.0 0.0 X 0 0 0 Shimon Korish Trustee 5.0 0.0 X 0 0 0 Heidi Lurensky Trustee 5.0 0.0 X 0 0 0 Daniel Moritz Trustee 5.0 0.0 X 0 0 0 Victoria Morrison Trustee 5.0 0.0 X 0 0 0 Charles Popky Trustee 5.0 0.0 X 0 0 0 Jonathan Ramsfelder Trustee 5.0 0.0 X 0 0 0 Matthew Snyder Trustee 5.0 0.0 X 0 0 0 Joy Sussman Trustee 5.0 0.0 X 0 0 0 Richard Zwickel Trustee 5.0 0.0 X 0 0 0 514698 0 14033 5 false true false 0 103600 215763 1700587 11808 2019950 TUITION 611600 3456107 3456107 PROGRAM FEES 611600 291163 291163 3747270 24822 24822 0 0 24848 6901 17947 0 17947 17947 200000 10000 193643 6357 10000 16357 16357 17549 215763 17549 0 0 0 0 0 0 MISCELLANEOUS 17002 17002 17002 5843348 3764272 59126 0 1828586 1828586 0 0 424667 345558 79109 0 2680135 2378326 205161 96648 100660 87457 9853 3350 75206 65959 6901 2346 257872 226165 23662 8045 0 0 0 0 0 5722 5722 147611 18128 129483 0 53957 45965 1727 6265 0 0 0 0 0 21648 21648 16020 16020 0 507203 461555 45648 95945 87310 8635 MAINTENANCE AND REPAIR 391229 371668 19561 INSTRUCTIONAL & OPTIONAL PROGR 175646 175646 UTILITIES 78399 74479 3920 FIELD TRIPS 109109 100434 8675 401429 333475 42457 25497 7371044 6638379 581839 150826 X 1649992 795033 23324 18863 859970 50000 11702 21537 0 0 0 0 0 0 0 0 27475 26416 18985924 4001119 15379966 14984805 0 0 547386 611551 0 0 0 0 343258 358374 18843073 16866579 62278 75935 0 0 130005 181211 0 0 0 0 400000 400000 653520 72749 0 0 0 0 1245803 729895 X 16019621 15610621 1577649 526063 17597270 16136684 18843073 16866579 X -1527696 51994 15116 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 419731 10000 46928 8000 468659 14898 14898 14898 14898 14898 14898 14898 14898 true false 1434580 1434580 16629586 3794960 13264099 409479 363447 76621 512279 349333 209505 14984805 0 0 X 4112287 51994 36137 15116 103247 4009040 5722 1828586 1834308 5843348 5572873 36137 36137 5536736 5722 1828586 1834308 7371044 SCHEDULE D, PART XI & XII, LINE 4b Scholarships awarded to students in the amount of $1,828,586 were netted with tuition revenue on the audited financial statements. The scholarships were included as expenses in the form 990 resulting in an increase in both revenue and expense as shown on line 4b. PART X, LINE 2 The Organization is exempt from federal and state income taxes under Internal Revenue Code ("IRC") Section 501(c)(3) and similar state provisions and is classified as a publicly supported organization as described in IRC Section 509(a). Accordingly, there were no provision for income taxes recorded in the statement of activities and changes in net assets as of June 30, 2023. The Organization had no unrecognized tax benefits as of and for the year ended June 30, 2023. The Organization has no income tax related penalties or interest for the period reported in the financial statements. Schedule D, Part XI, line 2d The change in value of life insurance of $15,116 was included in the audited financial statements as income but has been shown as an other adjustment in Part XII. true true true true true true true false false false false false false false false true false true PART I, LINE 3 PUBLIC NOTICE IN LOCAL AND COUNTY NEWSPAPERS PART I, LINE 6- GOVERNMENT FINANCIAL AID THE ORGANIZATION RECEIVED STATE NON-PUBLIC SCHOOL ENTITLEMENTS FOR THE 2022-2023 SCHOOL YEAR including all items included in form 990 for textbooks and technology and for services that are excluded from the 990: TEXTBOOKS $7,263 SECURITY services $23,369 NURSING services $12,768 TECHNOLOGY $4,545 TOTAL $47,945 GALA 233312 215763 17549 17549 0 233312 215763 17549 17549 17549 true SCHOLARSHIPS 1828586 FMV Tuition Reduction SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE AWARDED ON THE BASIS OF MERIT AND NEED. Every student that registers within a set timeframe receives tuition assistance. Additionally, students can apply for financial aid. All financial aid requests require the submission of certain information which is then reviewed and approved by the finanical aid committee. X false false false false false false false false false dr Moshe Vaknin Head of School 191933 0 0 6720 198653 dr Cheryl Bahar Dean of General Studies 143623 0 0 7313 150936 Jewish community Fdtn Greater Metro substantial contributor short term cash flow X 400000 400000 false true true 400000 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS (A) NAME OF PERSON: SUBSTANTIAL CONTRIBUTOR (C) PURPOSE OF LOAN: TO COVER SHORT TERM OPERATING CASH DEFICIT FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION REVIEWS ITS CONFLICT-OF-INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION USEs COMPARABILITY DATA TO DETERMINE COMPENSATION FOR TOP mANAGEMENT OFFICIALS. ALL CONTRACTS FOR THE HEAD OF SCHOOL ARE REVIEWED AND NEGOTIATED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: other changes in net assets includes a change in cash surrendar value for life insurance policies of $15,116.