Overview
What is Kollel Zichron Shraga Feiwel?
Kollel Zichron Shraga Feiwel is a nonprofit organization that supports orthodox Jewish students by offering scholarships. This charity provides financial aid in the form of both grants and loans, and its selection process relies on the recommendations of their designated authority. The primary mission of Kollel Zichron Shraga Feiwel is to recognize and encourage the sincerity and dedication of these students to their academic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
Kollel Zichron Shraga Feiwel has received a low rating of 53%, resulting in a one-star designation from Charity Navigator. This rating reflects serious concerns in the area of Accountability and Finance, primarily influenced by the absence of independent board members and missing governance policies including conflict of interest, whistleblower, and document retention policies.
While the organization demonstrates a strong program expense ratio of 100%, indicating that all of its expenses are directed towards its programs, it lacks transparency in governance practices. The failure to have an independent board and provide essential documents such as tax forms on their website may hinder public trust and accountability. Overall, while the charity is effectively utilizing its funds, its governance structure and policies require significant improvement to enhance credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Kollel Zichron Shraga Feiwel legitimate?
Kollel Zichron Shraga Feiwel is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kollel Zichron Shraga Feiwel 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
For more financial information, click here
What is the mission statement of Kollel Zichron Shraga Feiwel?
Kollel Zichron Shraga Feiwel's mission is to support orthodox Jewish students who are deeply committed to their studies. The organization provides financial aid in the form of scholarships and loans, making decisions based on the recommendations of its reviewing body. The primary goal is to help these students continue their education and devote themselves fully to their religious studies. By offering scholarships and loans, Kollel Zichron Shraga Feiwel aims to alleviate financial burdens, enabling students to focus on their academic pursuits and spiritual growth.
Who is the CEO of Kollel Zichron Shraga Feiwel?
Abe Osina is the Trustee of Kollel Zichron Shraga Feiwel.
What is the revenue of Kollel Zichron Shraga Feiwel?
Kollel Zichron Shraga Feiwel's revenue in 2022 was $112,012.
Who are the executives of Kollel Zichron Shraga Feiwel and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kollel Zichron Shraga Feiwel?
Kollel Zichron Shraga Feiwel's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kollel Zichron Shraga Feiwel
Kollel Zichron Shraga Feiwel is an organization dedicated to supporting orthodox Jewish students in their academic pursuits. Its mission is to grant scholarships and loans to students who demonstrate a deep commitment and dedication to their studies. The selection process for these scholarships is based on the recommendations of a designated authority. By providing financial aid, Kollel Zichron Shraga Feiwel enables these students to focus on their education without the burden of financial constraints, thereby fostering their spiritual growth and academic success.
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Impact
October, 2024
Kollel Zichron Shraga Feiwel significantly impacts the educational landscape for Orthodox Jewish students in Chicago by providing crucial financial support through scholarships. By focusing on students who demonstrate sincerity and devotion to their studies, the Kollel ensures that deserving individuals have the opportunity to pursue their education without the burden of financial constraints. This support not only enables students to concentrate on their academic and spiritual growth but also fosters a community of learners dedicated to preserving and advancing their educational and cultural heritage. Through its scholarship programs, Kollel Zichron Shraga Feiwel plays an essential role in shaping the future of its students and, by extension, the broader Orthodox community.
This information is meant to be a general summary of Kollel Zichron Shraga Feiwel. 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: $22,492
- Gross Receipts: $112,012
Assets and Liabilities:
- Total Assets: $473,095
- Total Liabilities: $0
- Net Assets: $473,095
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Organization Details
Founding Year
2001
Phone
(312) 218-0968Principal Officer
Abe Osina
Main Address
3553 W Peterson Ave Ste 207, Chicago, IL, 60659
NTEE Category
Code: B82Z - Education
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