Overview
What is American Friends Of Yeshiva Zichron David?
American Friends of Yeshiva Zichron David is a nonprofit organization, with its operations overseen by Joseph Richter in Flushing, New York. Their primary mission is to support and promote select charitable foundations. Specifically, the organization provides grants and allocations to Yeshiva Zichron David, Chabarat Hashas, Keren Achzachat Hatorah, and Mosdot Misilat Avot. By doing so, American Friends of Yeshiva Zichron David contributes to the advancement and well-being of these charitable entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
American Friends Of Yeshiva Zichron David has received a one-star rating from Charity Navigator, which reflects concerns primarily in the area of accountability and finance. The overall score is derived entirely from this category, indicating that while there are strengths, significant issues exist that affect the charity's overall evaluation.
The organization scored well in several aspects of governance, including having a fully independent board and documenting board meeting minutes. However, it faced challenges in its financial health, particularly with a high liabilities-to-assets ratio of 171.17%, which raises concerns about its financial sustainability. Despite a program expense ratio of 86.61% indicating that a significant portion of funds is directed towards its programs, the financial stability of the organization is a critical point of concern.
Additionally, the organization has several missing policies, such as the conflict of interest and whistleblower policies, which could impact its operational transparency and accountability. These factors collectively contribute to its low score, emphasizing the need for improvement in financial practices and governance policies to enhance trust and reliability among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Yeshiva Zichron David legitimate?
American Friends Of Yeshiva Zichron David is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Yeshiva Zichron David submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Friends Of Yeshiva Zichron David?
American Friends of Yeshiva Zichron David's mission is centered around promoting and supporting selected charitable foundations. This organization actively provides grants and allocations to a few notable entities such as Yeshiva Zichron David, Chabarat Hashas, Keren Achzachat Hatorah, and Mosdot Misilat Avot. By doing so, they aim to contribute positively to the causes these foundations are dedicated to.
Who is the CEO of American Friends Of Yeshiva Zichron David?
Joseph Richter is the President of American Friends Of Yeshiva Zichron David.
What is the revenue of American Friends Of Yeshiva Zichron David?
American Friends Of Yeshiva Zichron David's revenue in 2021 was $98,593.
Who are the executives of American Friends Of Yeshiva Zichron David and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for American Friends Of Yeshiva Zichron David?
American Friends Of Yeshiva Zichron David's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of American Friends Of Yeshiva Zichron David
American Friends of Yeshiva Zichron David is an organization dedicated to promoting and supporting selected charitable foundations. Their mission involves providing grants and allocations to various charities, specifically to Yeshiva Zichron David, Chabarat Hashas, Keren Achzachat Hatorah, and Mosdot Misilat Avot. By doing so, this nonprofit aims to contribute positively to these organizations and the causes they uphold.
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Impact
October, 2024
American Friends of Yeshiva Zichron David has a significant impact through its support of various charitable foundations. By providing grants and allocations to institutions such as Yeshiva Zichron David, Chabarat Hashas, Keren Achzachat Hatorah, and Mosdot Misilat Avot, it fosters educational opportunities and community enrichment within the Jewish educational landscape.
The organization plays a vital role in ensuring that these foundations can continue their important work, which includes promoting Torah study, scholarship, and community projects. By facilitating resources and funding, it helps sustain and expand programs that benefit not only the students but also the broader community in Flushing, NY, and beyond. Through its targeted support, it enhances the cultural and educational vitality of the community, nurturing the next generation of learners and leaders.
This information is meant to be a general summary of American Friends Of Yeshiva Zichron David. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $98,593
Assets and Liabilities:
- Total Assets: $9,854
- Total Liabilities: $22,437
- Net Assets: -$12,583
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Organization Details
Founding Year
2003
Phone
(954) 703-6027Principal Officer
Joseph Richter
Main Address
C/O JOSEPH RICHTER, FLUSHING, NY, 11367
NTEE Category
Code: A11 - Arts
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