2021-02-01T12:25:00-06:00 2018-12-31 CHAIM M PALARZ 46/5 MESILAT YOSEF MODIIN ILIT IS 7181734 990EZ 2018-01-01 473433923 RINAS BAIS YAAKOV INC RINA 4104845987 422 YESHIVA LANE BALTIMORE MD 21208 ELKA FRIEDMAN PRESIDENT 4104845987 2021-02-01 HOWARD M PALARZ P02206311 9174100959 2021-02-01 X 2018 2022-09-23 18:48:47Z X X N/A X X 73193 X 73193 73193 3427 65048 68475 4718 256 0 4974 X 3957 9974 3957 9974 3701 5000 256 4974 X RINAS BAIS YAAKOV, INC WAS ESTABLISHED FOR THE CHARITABLE PURPOSE OF PROMOTING JEWISH EDUCATION AND JEWISH IDENTITY. RINAS BAIS YAAKOV, INC. PROVIDES FINANCIAL SUPPORT TO RINAS BAIS YAAKOV JERUSALEM WHICH IS AN INTENSE, POST HIGH SCHOOL PROGRAM FOR JEWISH STUDENTS. THE STUDENTS LEARN ABOUT THEIR HERITAGE THROUGH CLASSES AND TRIPS WHILE EARNING COLLEGE CREDITS AT THE SAME TIME. THE STUDENTS ARE THEN ENCOURAGED TO RETURN TO THEIR COMMUNITIES TO ASSUME LEADERSHIP AND SUPPORTING ROLES. 3427 X 17179 17179 ELKA FRIEDMAN PRESIDENT 3.00 0 0 0 HARRIET REICHENBERG TREASURER 0.50 0 0 0 MIRIAM HIRSCH SECRETARY 0.50 0 0 0 MALINDA MAN OFFICER 0.50 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY CHAYA SHAFRAN 422 YESHIVA LANE BALTIMORE MD 212081124 4104845987 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 5420 6000 73192 84612 5420 6000 73192 84612 84612 84612 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid Activity Classification: PROGRAM EXPENSE. Grantee Name: RINAS BAIS YAACOV. Grantee Address: RECHOV YIRMIYAHU 24 JERUSALEM, ISRAEL 9446709. Amount Given: 3427. Form 990-EZ, Part I, Line 16 - Other Expenses Description: BANK FEES. Amount: 2112. Description: CONTRACT SERVICES. Amount: 31358. Description: CONTRACT SERVICES-FOREIGN WORKER. Amount: 5738. Description: LEGAL FEES. Amount: 850. Description: MERCHANT FEES. Amount: 7811. Description: ADVERTISEMENT. Amount: 4725. Description: OFFICE EXPENSES. Amount: 349. Description: STUDENT AND EDUCATIONAL ACTIVITIES. Amount: 1195. Description: TELECOMUNICATIONS. Amount: 33. Description: TRAVEL AND PROMOTION. Amount: 10877. Total to Form 990-EZ, line 16: 65048. Form 990EZ Line l and Line 2 The taxpayer originally filed Form 990 for 2018. After the submission, it was uncovered that there was an error in the books. Tuition monies that were received for the entity in Israel were incorrectly classifed as income and recorded on Form 990 Part VIII line 2 and the payouts to the Israeli entity were incorrectly classified as program expenses. These transactions have now been properly classified through the balance sheet as a payable. For the 2018 tax year, Rinas USA for the benefit of Rinas Bais Yaacov Israel collected tuition monies in the amount of $349,477.31 and was treated on the books of the US entity as a payable to Rinas Bais Yaacov. All monies were paid to Rinas Bais Yaacov during 2018. These monies were not charged as income to Rinas USA since they belonged only to Rinas Bais Yaacov Israel. This change also allows the taxpayer to now file Form 990EZ for 2018. Form 990-EZ, Part II, Line 26 - Other Liabilities Description: UNSECURED NOTES/LOANS PAYABLE. Beg. of Year Amount: 0. End of Year Amount: 5000. Description: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. Beg. of Year Amount: 3701. End of Year Amount: 0. The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.