Overview
What is Chochmat Shlomo Usa Inc Co Herbert Schuster?
Chochmat Shlomo Usa Inc Co Herbert Schuster is a nonprofit organization situated at 17 Waverly Place, Monsey, New York 10952. Its primary objective is to dispense funds in line with its exempt purpose, which includes supporting tax-exempt institutions for Jewish religious, charitable, and educational purposes worldwide. One of their notable beneficiaries is Yeshivat Chochmat Shlomo in Jerusalem, Israel. The organization also encourages individuals to contribute to these noble causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Chochmat Shlomo Usa Inc Co Herbert Schuster has received a solid Three-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an impressive Accountability & Finance Score of 87, the organization demonstrates effective governance, highlighted by a fully independent board and comprehensive financial auditing practices.
The nonprofit excels in program expenditure, with an exceptional program expense ratio of 99.85%, indicating that nearly all of its resources are allocated directly to its mission. The organization has robust policies in place regarding conflicts of interest and whistleblower protections, further emphasizing its commitment to transparency and ethical management.
While the organization shows no material diversion of assets and maintains a perfect liabilities to assets ratio, overall information on its programmatic impact and community feedback is not detailed. This limits a full understanding of the efficacy of its initiatives, but the financial health and governance practices are notably strong.
This AI summary has been generated from information found on Charity Navigator.
Is Chochmat Shlomo Usa Inc Co Herbert Schuster legitimate?
Chochmat Shlomo Usa Inc Co Herbert Schuster is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chochmat Shlomo Usa Inc Co Herbert Schuster 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 Chochmat Shlomo Usa Inc Co Herbert Schuster?
Chochmat Shlomo U.S.A. Inc. Co. is committed to providing financial assistance for Jewish religious, charitable, and educational purposes. This assistance extends to institutions worldwide, including Yeshivat Chochmat Shlomo in Jerusalem, Israel. The organization's goal is not only to disburse funds according to its exempt purpose but also to encourage individuals to contribute to such causes. By doing so, Chochmat Shlomo U.S.A. Inc. Co. aims to support a wide range of Jewish initiatives globally.
Who is the CEO of Chochmat Shlomo Usa Inc Co Herbert Schuster?
Unavailable
What is the revenue of Chochmat Shlomo Usa Inc Co Herbert Schuster?
Chochmat Shlomo Usa Inc Co Herbert Schuster's revenue in 2022 was $2,128,208.
Who are the executives of Chochmat Shlomo Usa Inc Co Herbert Schuster and what are their salaries?
There 2 volunteers at Chochmat Shlomo Usa Inc Co Herbert Schuster.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chochmat Shlomo Usa Inc Co Herbert Schuster?
Chochmat Shlomo Usa Inc Co Herbert Schuster's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chochmat Shlomo Usa Inc Co Herbert Schuster
Chochmat Shlomo U.S.A. Inc. Co. Herbert Schuster is a nonprofit organization with a mission to provide financial assistance to tax-exempt institutions serving Jewish religious, charitable, and educational purposes worldwide. One of the key institutions they support is Yeshivat Chochmat Shlomo in Jerusalem, Israel. Beyond offering financial aid, this organization encourages individuals to join in providing support for these causes. By disbursing funds in line with its exempt purpose, Chochmat Shlomo U.S.A. Inc. Co. Herbert Schuster plays a significant role in aiding various organizations that promote Jewish values and betterment.
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Impact
July, 2024
Herbert Schuster, through Chochmat Shlomo Usa Inc Co, has made a significant impact by providing financial assistance to tax-exempt institutions for Jewish religious, charitable, and educational purposes. This support extends to institutions like Yeshivat Chochmat Shlomo in Jerusalem, Israel. By encouraging individuals to also contribute to these causes, Herbert Schuster has helped sustain vital religious, charitable, and educational activities within the Jewish community. His efforts have facilitated the continuation and growth of these institutions, ultimately benefiting the broader Jewish population.
This information is meant to be a general summary of Chochmat Shlomo Usa Inc Co Herbert Schuster. 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.
- Gross Receipts: $2,128,208
Assets and Liabilities:
- Total Assets: $8,300
- Total Liabilities: $0
- Net Assets: $8,300
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Organization Details
Founding Year
2002
Phone
(212) 719-2772Main Address
17 WAVERLY PLACE, MONSEY, NY, 10952
NTEE Category
Code: X30 - Religion related
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