Overview
What is Foundation For Sephardic Studies?
The Foundation for Sephardic Studies is a nonprofit organization situated in Brooklyn, New York, at 730 Avenue S. Its primary focus is to uphold and celebrate the cultural heritage of the Sephardic Jewish communities. This is achieved through various activities, including daily religious services, lectures, religious education, youth programs, and celebrations of major holidays. The foundation is also dedicated to offering a full-service synagogue, where these activities take place. The organization boasts a modest workforce of 12 individuals, committed to promoting and enriching the Sephardic Jewish community's culture.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Foundation For Sephardic Studies has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is primarily based on the organization’s accountability and finance practices, indicating a solid commitment to transparency and effective management of its resources. The high marks in accountability measures suggest that the foundation operates with a strong ethical framework and reliable governance.
The organization boasts a fully independent board with no conflicts of interest, which is a significant strength. It has excellent scores for various financial management practices, including a favorable liabilities-to-assets ratio and high program expense ratio, demonstrating effective allocation of funds towards its mission. The foundation also maintains a robust whistleblower policy and distributes tax forms to board members prior to filing, showcasing its commitment to ethical practices.
While the overall financial health appears strong, the program expense ratio is slightly below the maximum score possible, indicating there may be opportunities for improvement in program funding. Nevertheless, the foundation's fundraising efficiency remains exceptional, reflecting a well-managed approach to generating support for its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Sephardic Studies legitimate?
Foundation For Sephardic Studies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Sephardic Studies 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: $653,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Foundation For Sephardic Studies?
The Foundation for Sephardic Studies has been committed to enhancing and promoting the culture of Sephardic Jewish communities. Their mission involves operating a full-service synagogue and engaging in various related activities daily. This includes providing daily religious services, lectures, religious education, youth programs, and activities. Holiday celebrations are also a significant part of their activities, aimed at preserving and celebrating the unique traditions of the Sephardic Jewish communities.
Who is the CEO of Foundation For Sephardic Studies?
Solomon Fallas is the President of Foundation For Sephardic Studies.
What is the revenue of Foundation For Sephardic Studies?
Foundation For Sephardic Studies's revenue in 2022 was $1,720,510.
Who are the executives of Foundation For Sephardic Studies and what are their salaries?
The average compensation at Foundation For Sephardic Studies during 2022 was $54,478. There are 12 employees at Foundation For Sephardic Studies.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Foundation For Sephardic Studies?
Foundation For Sephardic Studies's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Sephardic Studies
The Foundation for Sephardic Studies is committed to uplifting and celebrating the culture of Sephardic Jewish communities. In pursuit of this mission, the foundation operates a full-service synagogue and engages in a variety of related activities daily. These activities encompass religious services, lectures, religious education programs for youth, and numerous activities and celebrations during holidays. The foundation's dedication extends beyond religious observances, as it also organizes youth programs and activities, ensuring a vibrant and engaged community.
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Impact
July, 2024
The Foundation For Sephardic Studies has made a notable impact by enhancing and promoting the culture of the Sephardic Jewish communities. Through its operation of a full-service synagogue and related activities such as daily religious services, lectures, religious education, youth programs, holiday celebrations, and more, the foundation has played a significant role in preserving and sharing the rich heritage of Sephardic Judaism. Located in Brooklyn, NY, the foundation's mission is dedicated to uplifting and fostering the traditions and practices of Sephardic Jews, contributing to the cultural diversity and vibrancy of the community.
This information is meant to be a general summary of Foundation For Sephardic Studies. 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: $1,810,837
Assets and Liabilities:
- Total Assets: $3,870,313
- Total Liabilities: $859,772
- Net Assets: $3,010,541
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Organization Details
Founding Year
1980
Phone
(718) 382-6688Principal Officer
Solomon Fallas
Main Address
730 AVENUE S, BROOKLYN, NY, 11223
NTEE Category
Code: X30 - Religion related
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