Overview
What is Lahak Hanochos Inc?
Lahak Hanochos Inc is a nonprofit organization situated in Brooklyn, New York. Their primary focus is to transcribe, edit, and publish the discourses of Rabbi Menachem M. Schneerson, a renowned spiritual leader known as the Lubavitcher Rebbe. These talks, spanning over four decades, are then offered for sale at a not-for-profit price, below the market value. The organization's mission is to disseminate these teachings to promote righteousness and virtue, ultimately contributing to a more virtuous world. With a team of eight dedicated individuals, Lahak Hanochos Inc carries out its mission with diligence.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 24%, Zero-Star out of Four Star rating.
Lahak Hanochos Inc received a low score of 24% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The organization lacks independent board members and has not demonstrated adequate financial transparency, as evidenced by the absence of financial statements and key documentation on its website. These factors contribute to a poor evaluation of its governance structure.
Despite some positive elements such as a conflict of interest policy and a whistleblower policy, the overall organizational strengths are overshadowed by critical shortcomings in financial management and board independence. The lack of a robust financial structure raises concerns about the charity’s sustainability and its ability to effectively use donations towards its mission.
Additionally, the charity's performance on critical metrics such as the program expense ratio and liabilities to assets ratio was particularly concerning, both scoring zero. This suggests that the organization is not utilizing its resources efficiently, which could undermine donor confidence and support.
This AI summary has been generated from information found on Charity Navigator.
Is Lahak Hanochos Inc legitimate?
Lahak Hanochos Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lahak Hanochos Inc 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: $213,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,251
For more financial information, click here
What is the mission statement of Lahak Hanochos Inc?
Lahak Hanochos Inc's mission is centered around transcribing, editing, and publishing the discourses of a prominent religious leader, known as the Lubavitcher Rebbe, over a span of four decades. They sell these publications at a not-for-profit rate, aiming to disseminate righteousness and virtue, thereby contributing to a better world. The organization's primary goal is to make these teachings accessible to a wide audience, fostering personal growth and positivity.
Who is the CEO of Lahak Hanochos Inc?
Chaim Brook is the President of Lahak Hanochos Inc.
What is the revenue of Lahak Hanochos Inc?
Lahak Hanochos Inc's revenue in 2022 was $1,370,615.
Who are the executives of Lahak Hanochos Inc and what are their salaries?
The average compensation at Lahak Hanochos Inc during 2022 was $44,619. There are 8 employees at Lahak Hanochos Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lahak Hanochos Inc?
Lahak Hanochos Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lahak Hanochos Inc
Lahak Hanochos Inc, a nonprofit organization, is dedicated to transcribing, editing, publishing, and distributing the talks of Rabbi Menachem M Schneerson, commonly known as the Lubavitcher Rebbe. Their mission extends beyond just disseminating these talks; they sell them at a cost below market value with the aim of making a profit. These talks, spanning over four decades, are believed to contain valuable insights that can foster righteousness and virtue, ultimately contributing to a better world. By publishing and distributing these talks, Lahak Hanochos Inc aims to spread these messages far and wide, hoping to positively influence society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lahak Hanochos Inc's impact lies in its efforts to transcribe, edit, publish, and sell the talks of Rabbi Menachem M Schneerson, known as the Lubavitcher Rebbe, on a not-for-profit basis at below cost. By disseminating these teachings, which span over 40 years, the organization aims to spread righteousness and virtue, ultimately contributing to making the world a better place. Through this mission, Lahak Hanochos Inc plays a significant role in preserving and sharing the wisdom and guidance of the Lubavitcher Rebbe with a wider audience, thus potentially impacting individuals' spiritual growth and moral development.
This information is meant to be a general summary of Lahak Hanochos Inc. 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 2022.
- Program Service Revenue: $583,626
- Gross Receipts: $1,370,615
Assets and Liabilities:
- Total Assets: $1,101,942
- Total Liabilities: $101,599
- Net Assets: $1,000,343
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales of Jewish Books
Revenue
$583,626
Organization Details
Founding Year
2007
Phone
(917) 208-3470Principal Officer
Chaim Brook
Main Address
1335 CARROLL STREET, BROOKLYN, NY, 11213
NTEE Category
Code: X80 - Religion related
If you are a representative of Lahak Hanochos Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.