2024-07-11T16:12:48-05:00 2023-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-09-01 222942402 SINAI SPECIAL NEEDS INSTITUTE INC SINA 2018331134 240 FRISCH COURT 100 PARAMUS NJ 07652 RABBI MARK KARASICK CHAIRMAN 2018331134 2024-07-11 1 RABBI MARK KARASICK XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-07-11 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z RABBI MARK KARASICK 240 FRISCH COURT 100 PARAMUS NJ 07652 33918125 0 X WWW.SINAISCHOOLS.ORG X 1983 NJ SPECIAL EDUCATION. SEE PAGE 2 AND SCHEDULE O FOR IMPORTANT INFORMATION. 20 19 252 50 0 0 2984117 3884501 21757806 20657211 37903 142240 1189620 -244570 25969446 24439382 5515929 5245423 0 0 14135615 13539205 0 0 464469 3667015 2069476 23318559 20854104 2650887 3585278 20110012 25246917 1314144 2816001 18795868 22430916 X SINAI OPERATES MULTIPLE ELEMENTARY SCHOOLS AND HIGH SCHOOLS FOR INDIVIDUALS WITH A WIDE RANGE OF LEARNING AND DEVELOPMENTAL DISABILITIES, AS WELL AS OTHER SPECIAL NEEDS. EACH OF SINAI'S SCHOOLS IS INTEGRATED WITHIN A REGULAR EDUCATION JEWISH DAY SCHOOL OR HIGH SCHOOL. ACCREDITED BY MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS, SINAI FOCUSES ON MAXIMIZING EACH STUDENT'S ACADEMIC, EMOTIONAL, AND SOCIAL POTENTIAL, WHILE DEVELOPING A STRONG KNOWLEDGE AND LOVE OF HIS OR HER TRADITIONAL JEWISH HERITAGE. SINAI TEACHES ITS STUDENTS SKILLS THAT PROMOTE SUCCESS IN MAINSTREAM ACADEMIC, SOCIAL AND VOCATIONAL SETTINGS, AND EMPOWERS THEM TO BECOME PRODUCTIVE AND CONFIDENT MEMBERS OF THE COMMUNITY. SINAI ALSO OPERATES A GROUP RESIDENCE FOR MEN WITH DEVELOPMENTAL DISABILITIES. AS PART OF ITS SERVICES, SINAI OFFERS A RANGE OF SUPPORT TO PARENTS SEEKING TO ACCESS THEIR RIGHTS UNDER LAWS APPLICABLE TO CHILDREN WITH DISABILITIES. 0 0 19367387 5245423 20657211 SINAI OPERATES SCHOOLS FOR INDIVIDUALS WITH A WIDE RANGE OF LEARNING AND DEVELOPMENTAL DISABILITIES, AS WELL AS OTHER SPECIAL NEEDS. AS OF SEPTEMBER 13, 2022, THE OPERATIONS OF THE SCHOOL THAT SINAI OPERATED AT SAR ACADEMY WERE TRANSFERRED TO SINAI SCHOOLS NEW YORK ("SINAI NY"). SINAI IS THE SOLE MEMBER OF SINAI NY AND, UNDER GAAP, SINAI NY IS INCLUDED WITHIN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF SINAI. HOWEVER, UNDER IRS RULES, SINAI AND SINAI NY ARE REQUIRED TO FILE SEPARATE 990S. THUS THE PRIOR YEAR-TO-CURRENT YEAR COMPARATIVE INFORMATION IN THIS 990 IS IMPACTED BECAUSE THE ASSETS, LIABILITIES AND RESULTS OF OPERATIONS OF THE SCHOOL OPERATED BY SINAI AT SAR ACADEMY WERE INCLUDED IN SINAI'S 990 LAST YEAR BUT ARE ONLY INCLUDED IN SINAI NY'S 990 IN THE CURRENT YEAR. SEE SCHEDULE O FOR MORE INFORMATION.SINAI OPERATES SCHOOLS FOR INDIVIDUALS WITH A WIDE RANGE OF LEARNING AND DEVELOPMENTAL DISABILITIES, AS WELL AS OTHER SPECIAL NEEDS. EACH OF SINAI'S SCHOOLS IS INTEGRATED WITHIN A REGULAR EDUCATION JEWISH DAY SCHOOL OR HIGH SCHOOL. ACCREDITED BY MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS, SINAI FOCUSES ON MAXIMIZING EACH STUDENT'S ACADEMIC, EMOTIONAL, AND SOCIAL POTENTIAL, WHILE DEVELOPING A STRONG KNOWLEDGE AND LOVE OF HIS OR HER TRADITIONAL JEWISH HERITAGE. SINAI TEACHES ITS STUDENTS SKILLS THAT PROMOTE SUCCESS IN MAINSTREAM ACADEMIC, SOCIAL AND VOCATIONAL SETTINGS, AND EMPOWERS THEM TO BECOME PRODUCTIVE AND CONFIDENT MEMBERS OF THE COMMUNITY. SINAI ALSO OPERATES A GROUP RESIDENCE FOR MEN WITH DEVELOPMENTAL DISABILITIES. AS PART OF ITS SERVICES, SINAI OFFERS A RANGE OF SUPPORT TO PARENTS SEEKING TO ACCESS THEIR RIGHTS UNDER LAWS APPLICABLE TO CHILDREN WITH DISABILITIES.AS OF SEPTEMBER 13, 2022, THE OPERATIONS OF THE SCHOOL THAT SINAI OPERATED AT SAR ACADEMY WERE TRANSFERRED TO SINAI SCHOOLS NEW YORK ("SINAI NY"), WHICH WAS GRANTED A PROVISIONAL CHARTER BY THE NYS BOARD OF REGENTS. SINAI IS THE SOLE MEMBER OF SINAI NY AND, UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, SINAI NY IS INCLUDED WITHIN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF SINAI. HOWEVER, UNDER IRS RULES, SINAI AND SINAI NY ARE REQUIRED TO FILE SEPARATE 990S. THUS THE PRIOR YEAR-TO-CURRENT YEAR COMPARATIVE INFORMATION IN THIS 990 IS IMPACTED BECAUSE THE ASSETS, LIABILITIES AND RESULTS OF OPERATIONS OF THE SCHOOL OPERATED BY SINAI AT SAR ACADEMY WERE INCLUDED IN SINAI'S 990 LAST YEAR BUT ARE ONLY INCLUDED IN SINAI NY'S 990 IN THE CURRENT YEAR. THE INFORMATION BELOW IS A COMPARISON OF:(1) THE TOTAL REVENUE OF SINAI AND SINAI NY, THE TOTAL TUITION OF SINAI AND SINAI NY, AND THE TOTAL "GRANTS AND SIMILAR AMOUNTS" (I.E. FINANCIAL AID) OF SINAI AND SINAI NY RESULTING FROM ADDING THE AMOUNTS OF EACH OF THOSE ITEMS REFLECTED IN THE SEPARATE SINAI AND SINAI NY 990S FOR 2023, WITH (2) THE TOTAL REVENUE, TUITION AND GRANTS AND OTHER INFORMATION REFLECTED IN THE SINAI 990 FOR 2022 (WHEN SINAI WAS THE ONLY ENTITY):2023 SINAI PLUS SINAI NY:TOTAL REVENUES: $27,903,107TOTAL TUTION: $24,120,936TOTAL GRANTS AND SIMILAR AMOUNTS: $6,060,0562022 SINAI (ONLY ENTITY IN 2022):TOTAL REVENUES: $25,969,446TOTAL TUTION: $21,757,806TOTAL GRANTS AND SIMILAR AMOUNTS: $5,515,929THE SINAI NY EIN IS: 93-2930027 19367387 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 42 0 252 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X DEBRA SIESSER DIRECTOR OF FINANCE 2018331134 240 FRISCH COURT 100 PARAMUS NJ 07652 RABBI MARK KARASICK CHAIRMAN OF BOARD 10.00 0.00 X X 0 0 0 AVI VOGEL PRESIDENT 10.00 2.00 X X 0 0 0 DANIEL FEDERBUSH VICE PRESIDENT 10.00 0.00 X X 0 0 0 ESTHER LERER VICE PRESIDENT 10.00 0.00 X X 0 0 0 SHERYL SCHAINKER SECRETARY, THRU 08/31/23 10.00 0.00 X X 0 0 0 LEAH BIEN DIRECTOR 5.00 0.00 X 0 0 0 DOV BRANDSTATTER DIRECTOR 5.00 0.00 X 0 0 0 ILANA CHILL DIRECTOR 5.00 0.00 X 0 0 0 FRED COHEN DIRECTOR 5.00 2.00 X 0 0 0 RUVAN COHEN DIRECTOR 5.00 0.00 X 0 0 0 ED GERSTLEY DIRECTOR 5.00 0.00 X 0 0 0 ARTHUR GOLDBERG DIRECTOR 5.00 0.00 X 0 0 0 CAROL GRUNDMAN DIRECTOR 5.00 0.00 X 0 0 0 WILLIAM HOCHMAN DIRECTOR 5.00 0.00 X 0 0 0 MICAH KAUFMAN DIRECTOR 5.00 0.00 X 0 0 0 DR ELLIS MALOVANY DIRECTOR 5.00 0.00 X 0 0 0 DARA ORBACH DIRECTOR 5.00 0.00 X 0 0 0 DAWN ORLINSKY DIRECTOR, THRU 9/15/22 5.00 0.00 X 0 0 0 GAIL RIEDER DIRECTOR 5.00 0.00 X 0 0 0 DAVID SHAPIRO DIRECTOR 5.00 0.00 X 0 0 0 TZVI SOLOMON DIRECTOR 5.00 0.00 X 0 0 0 MICHAEL WEINBERGER DIRECTOR 5.00 2.00 X 0 0 0 SAMUEL FISHMAN MANAGING DIRECTOR 39.00 6.00 X 416731 0 12502 RABBI YISRAEL ROTHWACHS DEAN 39.00 6.00 X 148231 0 144382 ARIELLE SAPOSH ASST MANAGING DIR AND COUNSEL 39.00 6.00 X 208214 0 78539 DEBRA SIESSER DIRECTOR OF FINANCE 39.00 6.00 X 129600 0 45455 JUDI KARP ASSOCIATE DEAN 40.00 0.00 X 187325 0 17954 PAMELA ENNIS DIRECTOR OF DEVELOPMENT 40.00 0.00 X 156049 0 4738 SOLANGE CAPTAN TUITION DIRECTOR 40.00 0.00 X 155740 0 47607 FRADA STONE PROGRAM DIRECTOR 40.00 0.00 X 141336 0 5077 MARCY GLICKSMAN PROGRAM DIRECTOR 40.00 0.00 X 130111 0 38903 1673337 0 395157 24 0 1 0 0 1899282 1985219 416144 3884501 TUITION AND FEES 611600 20487169 20487169 STUDENT PROGRAMS 611710 170042 170042 20657211 141013 141013 30569 20813 9756 9756 9756 9120004 3900 9122677 0 -2673 3900 1227 1227 72720 1899282 335253 -262533 -262533 6369 0 6369 6369 BAD DEBT RECOVERY 900099 1838 1838 1838 24439382 20657211 0 -102330 9833 9833 5235590 5235590 802037 529729 179298 93010 80474 80474 10027938 9342056 476182 209700 236013 222276 9299 4438 1514196 1405609 63187 45400 878547 798499 53645 26403 24048 24048 45464 45464 370889 351124 19765 70597 40383 8214 22000 315916 177642 111788 26486 57936 34164 11886 11886 667416 637937 4333 25146 4800 1967 2833 41898 31298 10600 15728 15728 85460 85460 EDUCATIONAL EXPENSES 262152 262152 REPAIRS AND MAINTENANCE 51369 49663 1706 MISC EXPENSE 35490 35490 FOOD EXPENSE 20313 20313 20854104 19367387 1022248 464469 1354413 569305 4757009 6890864 1079575 944030 11262226 11083622 163150 98763 545473 959670 661783 249806 442734 411977 408048 623519 97384 3665167 20110012 25246917 516703 168213 50000 25000 747441 626707 0 1996081 1314144 2816001 X 14274666 18051542 4521202 4379374 18795868 22430916 20110012 25246917 3585278 49770 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 399059 2960 16531 0 418550 464962 3500 -44207 25196 399059 466151 7850 25196 34235 464962 460627 1280 34235 29991 466151 439740 1318 29991 10422 460627 0.00000 1.00000 0.00000 0 0 120000 120000 159999 135393 24606 75626 75626 0 129562 38787 90775 176596 176596 411977 RIGHT OF USE ASSET - OPERATING LEASES 2020387 DUE TO RELATED PARTY 1547396 SECURITY DEPOSITS 26713 TORAHS 70671 3665167 OPERATING LEASE OBLIGATIONS 1996081 1996081 X 22844792 49770 2773748 2823518 20021274 4418108 4418108 24439382 19356515 2920519 2920519 16435996 4418108 4418108 20854104 PART V, LINE 4: SINAI'S ENDOWMENT CONSISTS OF THE ELAINE BALSAM SCHOLARSHIP FUND, AN INDIVIDUAL FUND ESTABLISHED FOR FINANCIAL AID AND SCHOLARSHIPS. PART X, LINE 2: SINAI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT SINAI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. SINAI IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO AUGUST 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 2,717,992. FUNDRAISING EXPENSES REPORTED ON PART VIII 34,943. RENTAL EXPENSES REPORTED ON PART VIII 20,813. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2 4,416,270. BAD DEBT RECOVERY REPORTED ON PART VIII 1,838. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITIES 2,864,763. FUNDRAISING EXPENSES REPORTED ON PART VIII 34,943. RENTAL EXPENSES REPORTED ON PART VIII 20,813. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2 4,416,270. BAD DEBT RECOVERY REPORTED ON PART VIII 1,838. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE RECORD NEWSPAPER. THE RECORD NEWSPAPER HAS A DISTRIBUTION AREA IN THE BERGEN AND PASSAIC COUNTIES OF NEW JERSEY. ANNUAL DINNER 1972002 1899282 72720 63708 95813 133570 42162 1972002 1899282 72720 63708 95813 133570 42162 335253 -262533 1 HOLY NAME MEDICAL CENTER 718 TEANECK ROAD TEANECK NJ 07666 221487322 501(C)(3) 9833 0 PROGRAM SUPPORT 1 0 FINANCIAL AID 158 4416270 LEGAL EXPENSES, PARENT SUPPORT 85 819320 PART I, LINE 2: SINAI MAINTAINS CONTRACTS WITH PARENTS NOTING TUITION. FINANCIAL ASSISTANCE, IF ANY, IS BASED ON FINANCIAL NEED AND IS MONITORED ON A CASE TO CASE BASIS BY A COMMITTEE. SINAI MONITORS DONATIONS TO OTHER ORGANIZATIONS TO ENSURE THE FUNDS PROVIDED ARE CONSISTENT WITH THE AMOUNTS AND TIMING ON THE DONATION LETTER. X 1 1 X X 0 0 0 0 0 0 0 0 0 SAMUEL FISHMAN MANAGING DIRECTOR 416731 0 0 0 0 0 12502 0 0 0 429233 0 0 0 RABBI YISRAEL ROTHWACHS DEAN 148231 0 0 0 0 0 4839 0 139543 0 292613 0 0 0 ARIELLE SAPOSH ASST MANAGING DIR AND COUNSEL 208214 0 0 0 0 0 6275 0 72264 0 286753 0 0 0 JUDI KARP ASSOCIATE DEAN 187325 0 0 0 0 0 5823 0 12131 0 205279 0 0 0 SOLANGE CAPTAN TUITION DIRECTOR 155740 0 0 0 0 0 4755 0 42852 0 203347 0 0 0 DEBRA SIESSER DIRECTOR OF FINANCE 129600 0 0 0 0 0 3205 0 42250 0 175055 0 0 0 MARCY GLICKSMAN PROGRAM DIRECTOR 130111 0 0 0 0 0 3903 0 35000 0 169014 0 0 0 PAMELA ENNIS DIRECTOR OF DEVELOPMENT 156049 0 0 0 0 0 4683 0 55 0 160787 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS RECEIVED A PARSONAGE ALLOWANCE WHICH WAS TREATED AS A NONTAXABLE BENEFIT: - YISRAEL ROTHWACHS, $63,000 - MARCY GLICKSMAN, $35,000 LYN COHEN WIFE OF BOARD MEMBER 80474 EMPLOYMENT 0 X 4 416144 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, A COPY IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE MANAGING DIRECTOR. REDACTED COPIES ARE ELECTRONICALLY SENT TO THE ENTIRE BOARD FOR THEIR REVIEW. ANY ISSUES ARE DIRECTED TO THE MANAGING DIRECTOR OR ANY MEMBER OF THE EXECUTIVE COMMITTEE, WHO DIRECT THOSE ISSUES TO THE ACCOUNTING FIRM WHO PREPARED THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE DEAN AND MANAGING DIRECTOR IS DETERMINED BY A COMPENSATION COMMITTEE COMPRISED OF THE CHAIRMAN OF THE BOARD AND THE PRESIDENT. COMPENSATION IS SET FOR MULTIPLE YEARS. THE COMPENSATION REVIEW FOR THE DEAN TOOK PLACE IN 2022 FOR THE FISCAL YEARS BEGINNING SEPTEMBER 1, 2022 AND THE 4 YEARS THEREAFTER (A TOTAL OF 5 YEARS). THE COMPENSATION REVIEW FOR THE MANAGING DIRECTOR LAST TOOK PLACE IN 2021 FOR THE FISCAL YEARS BEGINNING SEPTEMBER 1, 2021 AND SET FOR THE 5 YEARS THEREAFTER. THE REVIEW AND APPROVAL PROCESS IS DOCUMENTED IN COMMITTEE EMAILS AND MEMORANDUMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SINAI SCHOOLS NEW YORK 240 FRISCH COURT PARAMUS NJ 07652 932930027 EDUCATIONAL SCHOOL NY 501(C)(3) LINE 2 SINAI SPECIAL NEEDS INSTITUTE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SINAI SCHOOLS NEW YORK Q 1547396 BOOK VALUE