Overview
What is American Friends Of Yesod Hatorah?
American Friends of Yesod Hatorah is a nonprofit organization situated in Lakewood, New Jersey, at 333 Lawrence Avenue. Their primary focus is to raise funds for educational institutions and directly support their activities. By doing so, they contribute to the direct funding of various educational programs. Their mission is centered around supporting educational institutions, thereby playing a crucial role in enhancing educational opportunities for individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
American Friends Of Yesod Hatorah has received a low rating of 56% from Charity Navigator, indicating concerns regarding its accountability and financial practices. The organization has a significant lack of independent board members, with only 33% being independent, which raises questions about governance and oversight. Additionally, the absence of financial statements and tax forms on its website further contributes to its low score.
Despite these shortcomings, the organization does have strengths in certain areas, such as maintaining a high program expense ratio of 90.65%, which suggests that a large portion of its budget is directed towards its programs rather than administrative costs. Furthermore, it has been noted that there were no material diversions of assets, demonstrating some level of financial integrity.
Limitations within the organization include missing conflict of interest and whistleblower policies, as well as the lack of a document retention policy. These gaps could potentially undermine stakeholder confidence and diminish the organization’s effectiveness in operation and governance. Overall, while American Friends Of Yesod Hatorah shows commitment to its programs, significant improvements in governance and transparency are necessary for a more favorable rating.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Yesod Hatorah legitimate?
American Friends Of Yesod Hatorah is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Yesod Hatorah 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: $3,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of American Friends Of Yesod Hatorah?
The American Friends of Yesod Hatorah's mission is centered around raising funds to support the activities of educational institutions. This organization directly funds various educational programs within these institutions. Their primary goal is to contribute financially to the educational sector, thereby supporting the academic endeavors of these institutions. By providing financial aid, they contribute to the overall growth and development of these educational institutions.
Who is the CEO of American Friends Of Yesod Hatorah?
Darioosh Fayazi is the Vp of American Friends Of Yesod Hatorah.
What is the revenue of American Friends Of Yesod Hatorah?
American Friends Of Yesod Hatorah's revenue in 2022 was $854,978.
Who are the executives of American Friends Of Yesod Hatorah and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $3,200
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Friends Of Yesod Hatorah?
American Friends Of Yesod Hatorah's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Yesod Hatorah
American Friends of Yesod Hatorah is an organization dedicated to raising funds for various educational institutions and directly funding their activities. Their mission is to provide financial support for educational programs within these institutions, thereby contributing to their overall operations and growth. By financing the educational endeavors of these institutions, American Friends of Yesod Hatorah plays a vital role in ensuring the continuation and expansion of quality educational opportunities for students. The organization's direct funding approach allows educational institutions to allocate their resources more effectively, ultimately benefiting the students and the wider educational community.
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Impact
July, 2024
American Friends Of Yesod Hatorah's impact lies in its direct funding of educational programs for educational institutions. By raising funds and channeling them towards these institutions, the organization plays a vital role in supporting and enhancing educational opportunities for individuals in need. This direct support helps in the growth and development of educational initiatives, ultimately benefiting the community and contributing to the advancement of education as a whole. Additionally, the organization's focus on education underscores its commitment to the empowerment and enrichment of individuals through learning and knowledge acquisition.
This information is meant to be a general summary of American Friends Of Yesod Hatorah. 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.
- Investment Income: $294
- Program Service Revenue: $634,206
- Gross Receipts: $854,978
Assets and Liabilities:
- Total Assets: $524,578
- Total Liabilities: $11,926
- Net Assets: $512,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$634,206
Organization Details
Founding Year
2002
Phone
(212) 561-5134Principal Officer
Darioosh Fayazi
Main Address
333 LAWRENCE AVENUE, LAKEWOOD, NJ, 08701
NTEE Category
Code: B11 - Education
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