2024-05-09T11:18:06-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 042104300 HEBREW COLLEGE HEBR 6175598600 1860 WASHINGTON STREET NEWTON MA 02466 KEITH DROPKIN CHIEF FINANCIAL AND ADMIN OFFICER 6175598600 2024-05-06 1 KEITH DROPKIN XXX-XX-XXXX 1 THOMAS F MULDOON CPA P01561688 5083669100 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X KEITH DROPKIN 1860 WASHINGTON STREET NEWTON MA 02466 9828799 0 X WWW.HEBREWCOLLEGE.EDU X 1927 MA PROMOTES EXCELLENCE IN JEWISH LEARNING & LEADERSHIP WITHIN A PLURALISTIC ENVIRONMENT. SEE SCH OHEBREW COLLEGE PROMOTES EXCELLENCE IN JEWISH LEARNING AND LEADERSHIP WITHIN A PLURALISTIC ENVIRONMENT OF OPEN INQUIRY, INTELLECTUAL RIGOR, PERSONAL ENGAGEMENT AND SPIRITUAL CREATIVITY. THE COLLEGE EMPOWERS AND INSPIRES INDIVIDUALS TO CONTRIBUTE THEIR VOICES AND VISION TO THE JEWISH COMMUNITY AND TO BRING JEWISH VALUES TO BEAR ON THE CRITICAL ISSUES OF OUR TIME.THE COLLEGE IS DEDICATED TO BUILDING BRIDGES BETWEEN THE ACADEMY AND THE COMMUNITY, OFFERS DIVERSE EDUCATIONAL AND CULTURAL PROGRAMS FOR YOUTHS, ADULTS AND JEWISH PROFESSIONALS, AND SEEKS TO INVIGORATE JEWISH LIFE THROUGH THE CORE VALUES OF A LOVE OF LEARNING, EMBRACING COMMUNAL RESPONSIBILITY, ENGAGING DIVERSITY, AND FOSTERING JEWISH CREATIVITY. 22 21 79 25 0 0 10099034 4807218 4706163 4771320 160306 145856 0 -9392 14965503 9715002 1261863 1184701 0 0 5385323 5385242 0 0 432156 2905316 3136933 9552502 9706876 5413001 8126 26117545 23978531 8126472 6017693 17991073 17960838 SEE PART I, LINE 1 0 0 6599780 1184701 4737165 INSTRUCTION:GRADUATE AND PROFESSIONAL STUDIES PREPARING JEWISH EDUCATIONAL, RELIGIOUS, AND COMMUNAL LEADERS, THROUGH DEGREE PROGRAMS AND CONTINUING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. COMMUNITY EDUCATION PROGRAMS FOR YOUTH AND ADULTS. KNOWLEDGE GENERATION AND THOUGHT LEADERSHIP IN PLURALISM, SPIRITUALITY, AND INTERFAITH ENGAGEMENT. 480865 25153 ACADEMIC SERVICES: PROVIDING SERVICES FOR COLLEGE STUDENT RECRUITMENT, STUDENT RECORDS AND ADMINISTRATION FOR THE ACADEMIC PROGRAMS. 322010 9002 STUDENT SERVICES: OPERATING THE LIBRARY AND INFORMATION TECHNOLOGY FOR THE ACADEMIC PROGRAMS. 7402655 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 79 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X KEITH DROPKIN CHIEF FINANCIAL AND ADMIN OFFICER 6175598783 1860 WASHINGTON STREET NEWTON MA 02466 RABBI SHARON ANISFELD PRESIDENT 36.00 X X 210763 0 1345 ANDY OFFIT CHAIR 5.00 X X 0 0 0 VAN LANCKTON VICE CHAIR 1.00 X X 0 0 0 DAVID HOFFMAN TREASURER 5.00 X X 0 0 0 JACK EIFERMAN SECRETARY 1.00 X X 0 0 0 ROSS SILVERSTEIN ASSISTANT SECRETARY 1.00 X X 0 0 0 MYRA MUSICANT TRUSTEE 1.00 X 0 0 0 HARVEY CHASEN TRUSTEE 1.00 X 0 0 0 CARL CHUDNOFSKY TRUSTEE 5.00 X 0 0 0 JEVIN EAGLE TRUSTEE 1.00 X 0 0 0 DEB FEINSTEIN TRUSTEE 6.00 X 0 0 0 LYDIA KUKOFF TRUSTEE 1.00 X 0 0 0 SARA LEE TRUSTEE 1.00 X 0 0 0 TARA MOHR TRUSTEE 1.00 X 0 0 0 SUSAN SHEVITZ TRUSTEE 3.00 X 0 0 0 MYRA SNYDER TRUSTEE 3.00 X 0 0 0 SARAH SONNENFELD TRUSTEE 1.00 X 0 0 0 STEVEN TARGUM TRUSTEE 3.00 X 0 0 0 DIANE TRODERMAN TRUSTEE 3.00 X 0 0 0 MARK ATKINS TRUSTEE 1.00 X 0 0 0 NANCY BELSKY TRUSTEE 15.00 X 0 0 0 SUSAN SCHECTER TRUSTEE 5.00 X 0 0 0 SUSAN TANCHEL VICE PRESIDENT 36.00 X 185979 0 17606 KEITH DROPKIN CHIEF FINANCIAL AND ADMIN OFFICER 36.00 X 148851 0 5810 ROSA FRANCK DIRECTOR OF DEVELOPMENT 36.00 X 121194 0 812 DANIEL JUDSON PROVOST 36.00 X 116244 0 778 783031 0 26351 5 0 1 0 0 230580 4576638 4807218 TUITION AND FEES 611310 2654740 2654740 PARTICIPANT FEES 611310 1688048 1688048 AUXILIARY ENTERPRISES 611310 428532 428532 4771320 77755 77755 135685 67584 68101 68101 68101 36821 230580 46213 -9392 -9392 9715002 4771320 0 136464 1184701 1184701 647591 350335 234394 62862 4228028 3262528 699286 266214 190640 128664 51029 10947 318983 215955 86653 16375 63480 63480 65100 65100 23542 23542 670355 608057 37276 25022 57610 22460 34964 186 173150 148524 15792 8834 178822 145845 32977 585304 239005 335586 10713 9084 2160 5131 1793 268598 241738 13430 13430 85350 85350 MISCELLANOUS 852180 838400 9790 3990 REPAIRS & MAINTENANCE 87018 11401 69917 5700 DEVELOPMENT 9904 2882 932 6090 BAD DEBT 7436 7436 9706876 7402655 1872065 432156 118455 33524 6444853 2649261 2774538 1806970 37843 52930 2000000 400000 242698 144776 18769673 3252535 11325100 15517138 236354 264281 2937704 3109651 26117545 23978531 2098954 1063976 311469 247068 900000 800000 4500000 3650000 97555 73155 218494 183494 8126472 6017693 X -1200292 9018357 19191365 8942481 17991073 17960838 26117545 23978531 X 8126 256639 -295000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 X 0 6522170 5155 331291 146647 6711969 6863073 20075 -230702 130276 6522170 6245476 21331 722324 126058 6863073 6128382 258852 -31758 110000 6245476 6016353 119100 92929 100000 6016353 1.00000 0 0 15425847 192823 15233024 3343826 3059712 284114 15517138 POOLED INVESTMENT FUND 3109651 F 3109651 ANNUITY PAYABLE 183494 183494 X 8809611 256639 -1184701 -928062 9737673 23542 -46213 -22671 9715002 8544846 46213 46213 8498633 23542 1184701 1208243 9706876 PART III, LINE 1A: THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASE OR DONATION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PART III, LINE 4: THE LIBRARY HAS A NUMBER OF VALUABLE ARTIFACTS INCLUDING RARE TEXTS, SCULPTURES, SCROLLS AND OTHER RELIGIOUS ARTIFACTS WHICH HAVE BEEN DONATED TO THE COLLEGE OVER A PERIOD OF MANY YEARS. THESE COLLECTIONS FURTHER THE EXEMPT PURPOSE OF THE COLLEGE BECAUSE THEY ARE JEWISH CULTURAL ARTIFACTS BEING PRESERVED FOR FUTURE GENERATIONS AND BEING USED FOR THE PURPOSES OF JEWISH LEARNING. PART V, LINE 4: A PORTION OF THE ENDOWMENT INVESTMENT RETURN IS USED TO HELP SUPPORT THE OPERATIONS OF THE SCHOOL, UNDER AN INVESTMENT SPENDING POLICY VOTED ON BY THE BOARD OF TRUSTEES. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COLLEGE HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. THE COLLEGE'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS/GRANT EXPENSE NET WITH REVENUE ON AUDITED FINANCIAL STATEMENTS -1,184,701. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -46,213. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 46,213. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/GRANT EXPENSE NET WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 1,184,701. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE STUDENT MATERIALS, RECRUITING MATERIALS, WEB SITE, AND EMPLOYEE HANDBOOK ALL HAVE THE REQUIRED POLICY INFORMATION DISCLOSED. SCHEDULE E, PART I, LINE 6 HEBREW COLLEGE RECEIVES AND PARTICIPATES IN VARIOUS GOVERNMENTAL FINANCIAL ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES SUCH AS FEDERAL FAMILY EDUCATION LOANS AND THE FEDERAL PELL GRANT PROGRAM. NO FUNDS HAVE BEEN REVOKED OR SUSPENDED. GALA 267401 230580 36821 36821 1134 8258 267401 230580 36821 36821 1134 8258 46213 -9392 1 VARIOUS GRANTS AND SCHOLARSHIPS TO HEBREW COLLEGE STUDENTS 93 1184701 PART I, LINE 2: THE COLLEGE COMPLIES WITH THE U.S. DEPARTMENT OF EDUCATION POLICY REGARDING TITLE IV FUNDS. THE COLLEGE HAS DEDICATED INDIVIDUALS PERFORM THE WORK OUTLINED IN THE SCOPE OF THE GRANT WHO WORK TO ENSURE PROPER STEWARDSHIP OF FUNDS. THESE INDIVIDUALS FOLLOW THE STATUTORY AND REGULATORY REQUIREMENTS SET FORTH IN THE GRANT. FUNDS ARE DRAWN AFTER EXPENSES ARE INCURRED. PROGRESS REPORTS ARE SUBMITTED IN COMPLIANCE WITH THE GRANT REQUIREMENTS AND APPROPRIATE DOCUMENTATION IS MAINTAINED. X 0 0 X X X 0 0 0 0 0 0 0 0 0 RABBI SHARON ANISFELD PRESIDENT 210763 0 0 0 0 0 0 0 1345 0 212108 0 0 0 SUSAN TANCHEL VICE PRESIDENT 185979 0 0 0 0 0 0 0 17606 0 203585 0 0 0 KEITH DROPKIN CHIEF FINANCIAL AND ADMIN OFFICER 148851 0 0 0 0 0 0 0 5810 0 154661 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE IS A PARSONAGE ALLOWANCE, THE AMOUNT OF WHICH IS NEGOTIATED AS A PART OF THE PRESIDENT'S CONTRACT. ANDY OFFIT BOARD CHAIR CONSTRUCTION X 1000000 800000 0 1 1 800000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FORMALLY APPROVED BY THE FINANCE COMMITTEE AND THEN DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE REQUIRES SIGN OFF OF THE CONFLICT OF INTEREST POLICY. THIS IS HOW COMPLIANCE IS MONITORED. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S SALARY IS DETERMINED BY THE BOARD USING COMPARABILITY DATA, SUCH AS 990'S OF OTHER ORGANIZATIONS. THE BOARD REGULARLY EVALUATES THE PRESIDENT'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND THE FINANCIAL STATEMENTS OF THE COLLEGE ARE AVAILABLE THROUGH PUBLIC WEBSITES AND UPON REQUEST. HEBREW COLLEGE POSTS 3 YEARS OF AUDITED FINANCIAL STATEMENTS ON THEIR WEBSITE. FORM 990, PART XI, LINE 9: RESCINDED GRANT -295,000. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.