Overview
What is American Friends Of Shehebar Sephardic Center Inc?
American Friends Of Shehebar Sephardic Center Inc is a nonprofit organization located in New York City, specifically at 34 West 33rd Street APT 2nd floor. Their primary mission is to address the critical need for professional Sephardic rabbis and support the well-being of Sephardic communities worldwide. They accomplish this by offering an accredited rabbinical training program that tackles the everyday challenges faced by Diaspora communities. During the tax year, the organization successfully raised funds for various initiatives, including supporting the Shehebar Study Center in Israel, granting scholarships to young individuals interested in preserving their heritage, and aiding Jewish institutions globally. The organization currently employs a team of six individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The American Friends of Shehebar Sephardic Center Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance metrics. The organization has demonstrated strong performance in areas such as board independence and financial management, evidenced by high scores in material diversion of assets and program expense ratio. However, its working capital ratio is notably low, indicating potential concerns regarding short-term financial stability.
User feedback from Great Nonprofits highlights the organization's credibility and standing within the charity sector. A professional reviewer noted that the charity is part of the Combined Federal Campaign, which requires passing stringent evaluations. This suggests that the organization is recognized among the top 1% of charities nationwide, reflecting positive reputation and reliability.
Despite the strong aspects of its governance and financial management, the low working capital ratio could raise concerns for potential donors regarding the organization's financial sustainability. It is crucial for stakeholders to weigh these strengths against the financial risks when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is American Friends Of Shehebar Sephardic Center Inc legitimate?
American Friends Of Shehebar Sephardic Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Shehebar Sephardic Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,845
For more financial information, click here
What is the mission statement of American Friends Of Shehebar Sephardic Center Inc?
The American Friends of Shehebar Sephardic Center Inc's mission is to address a critical need within the Sephardic community by providing an accredited rabbinical training program. This program aims to equip professionals with the necessary skills to tackle the everyday challenges faced by Diaspora communities. The organization's primary goal is to support and revitalize struggling Sephardic communities worldwide. During the recent tax year, they successfully raised funds to aid the Shehebar Study Center in Israel, offered scholarships for youths interested in deepening their heritage knowledge, and provided assistance to various Jewish institutions globally.
Who is the CEO of American Friends Of Shehebar Sephardic Center Inc?
Sam Kassin is the President of American Friends Of Shehebar Sephardic Center Inc.
What is the revenue of American Friends Of Shehebar Sephardic Center Inc?
American Friends Of Shehebar Sephardic Center Inc's revenue in 2022 was $1,747,387.
Who are the executives of American Friends Of Shehebar Sephardic Center Inc and what are their salaries?
The average compensation at American Friends Of Shehebar Sephardic Center Inc during 2022 was $35,141. There are 6 employees at American Friends Of Shehebar Sephardic Center Inc.
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Where can I find the form 990 for American Friends Of Shehebar Sephardic Center Inc?
American Friends Of Shehebar Sephardic Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Shehebar Sephardic Center Inc
American Friends of Shehebar Sephardic Center Inc is dedicated to addressing a crucial need within the Sephardic community. Recognizing the shortage of professional Sephardic rabbis and the challenges faced by Diaspora communities, this organization has set out to provide an accredited rabbinical training program. This program is designed to equip rabbis with the skills necessary to tackle the everyday issues that these communities encounter. By offering this training, the American Friends of Shehebar Sephardic Center Inc seeks to support and strengthen struggling Sephardic communities worldwide.
In addition to its rabbinical training program, the organization also works to raise funds for various causes. During the recent tax year, they successfully secured financial support for the Shehebar Study Center in Israel, as well as scholarships for young individuals interested in deepening their understanding of their heritage. Furthermore, American Friends of Shehebar Sephardic Center Inc extends its assistance to Jewish institutions globally.
In summary, American Friends of Shehebar Sephardic Center Inc is a nonprofit organization that aims to address the critical need for professional Sephardic rabbis and support struggling Sephardic communities worldwide. Through its accredited rabbinical training program and various fundraising initiatives, the organization is committed to empowering the Sephardic community and preserving their cultural heritage.
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Impact
July, 2024
The American Friends Of Shehebar Sephardic Center Inc's impact is significant in filling the critical need for professional Sephardic rabbis and supporting struggling Sephardic communities worldwide. By providing an accredited rabbinical training program that addresses the everyday issues faced by the Diaspora community, the organization helps save these communities. Additionally, they raise funds to support the Shehebar Study Center in Israel, grant scholarships to youths interested in furthering knowledge of their heritage, and provide support to Jewish institutions around the world.
This information is meant to be a general summary of American Friends Of Shehebar Sephardic Center 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.
- Investment Income: $15
- Gross Receipts: $1,747,387
Assets and Liabilities:
- Total Assets: $604,651
- Total Liabilities: $133,932
- Net Assets: $470,719
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Organization Details
Founding Year
1982
Phone
(212) 594-4250Principal Officer
Sam Kassin
Main Address
34 West 33rd Street APT 2nd floor, New York, NY, 10001
NTEE Category
Code: Q113 - International
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