Overview
What is Yeshiva Derech Chaim?
Yeshiva Derech Chaim is a nonprofit institution situated in Brooklyn, New York, with a postal address at 1573 39th Street. The organization specializes in providing undergraduate, graduate, and postgraduate rabbinical education, catering to around 145 students. Its primary mission is to operate an advanced rabbinical seminary, where students are equipped with the necessary skills to comprehensively understand and master the Talmud. Yeshiva Derech Chaim also emphasizes the importance of imparting Jewish thought and instilling proper ethical and moral standards within its student body. The organization's workforce comprises 42 dedicated individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
Yeshiva Derech Chaim has achieved an 84% score based entirely on its Accountability & Finance metrics, reflecting a strong commitment to financial integrity and governance. The organization boasts a fully independent board with 79% of its members not being affiliated, which contributes positively to its transparency and decision-making processes.
The nonprofit demonstrates notable strengths in its financial practices, including a program expense ratio of 68.05%, indicating that a significant portion of its resources is directed towards its mission. Additionally, the fundraising efficiency ratio is commendable, with only $0.13 spent to raise each dollar, showing effective resource management.
However, while the overall financial health appears robust, the working capital ratio of 0.65 years suggests that the organization may have limited liquidity to cover its short-term obligations. This aspect could be a point of concern for stakeholders looking for long-term stability.
This AI summary has been generated from information found on Charity Navigator.
Is Yeshiva Derech Chaim legitimate?
Yeshiva Derech Chaim is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yeshiva Derech Chaim 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: $351,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $937,888
For more financial information, click here
What is the mission statement of Yeshiva Derech Chaim?
Yeshiva Derech Chaim is an educational institution that focuses on advanced rabbinical studies. Its mission is to educate and train its students in the intricacies of the Talmud, the central text of Jewish law and lore. Beyond Talmudic studies, the yeshiva also instills its students with a solid understanding of Jewish thought and promotes ethical and moral standards as per Judaism. The institution offers undergraduate, graduate, and post-graduate rabbinical programs, catering to approximately 145 students.
Who is the CEO of Yeshiva Derech Chaim?
Rabbi Chaim Rennert is the Chairman of Yeshiva Derech Chaim.
What is the revenue of Yeshiva Derech Chaim?
Yeshiva Derech Chaim's revenue in 2022 was $4,396,697.
Who are the executives of Yeshiva Derech Chaim and what are their salaries?
The average compensation at Yeshiva Derech Chaim during 2022 was $30,693. There are 42 employees at Yeshiva Derech Chaim.
Here are 18 key members and their salaries:
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- Compensation: $27,300
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- Compensation: $49,434
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- Other: $5,000
Where can I find the form 990 for Yeshiva Derech Chaim?
Yeshiva Derech Chaim's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yeshiva Derech Chaim
Yeshiva Derech Chaim, a renowned institution, is committed to conducting an advanced rabbinical seminary. Its primary mission is to educate and train its students, equipping them with the necessary skills to comprehensively understand and master the Talmud. Beyond this, the yeshiva imparts knowledge in Jewish thought, instilling in its students a strong ethical and moral grounding in Judaism. By offering an undergraduate, graduate, and post-graduate rabbinical school, Yeshiva Derech Chaim enrolls approximately 145 students, providing them with a comprehensive education in the intricacies of Jewish study and tradition.
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Impact
July, 2024
Yeshiva Derech Chaim has a profound impact on the Jewish community by providing advanced rabbinical education to its students. With a focus on mastering the Talmud, Jewish thought, and ethical standards of Judaism, the Yeshiva equips its students with the knowledge and skills necessary to become knowledgeable and ethical leaders in their communities. Through its undergraduate, graduate, and post-graduate programs, Yeshiva Derech Chaim helps preserve and promote Jewish traditions and values among the next generation of Jewish scholars.
This information is meant to be a general summary of Yeshiva Derech Chaim. 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: -$109,269
- Program Service Revenue: $847,379
- Gross Receipts: $4,546,184
Assets and Liabilities:
- Total Assets: $2,751,947
- Total Liabilities: $323,604
- Net Assets: $2,428,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$847,379
Organization Details
Founding Year
1976
Phone
(718) 438-5476Principal Officer
Rabbi Chaim Rennert
Main Address
1573 39TH STREET, BROOKLYN, NY, 11218
NTEE Category
Code: B42 - Education
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