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Friends Of Zichron Meir Inc Friends Of Zichron Meir

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113303475 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of Zichron Meir Inc Friends Of Zichron Meir?

Friends of Zichron Meir Inc., based in Brooklyn, New York, is a nonprofit organization with a mission to support Talmud Torah Zichron Meir, a school located in Israel. Their primary goal is to advance the educational pursuits of this institution, ensuring its continued growth and success. The organization's activities and mission are centered around this objective, providing essential support to Talmud Torah Zichron Meir to foster a strong educational environment for its students.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

Friends Of Zichron Meir Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The score is primarily based on financial accountability, where it scored 67%. While the organization boasts a fully independent board and demonstrates no material diversion of assets, it falls short in providing essential financial documentation and policies, which significantly impacts its overall score.

Strengths of the organization include a robust independent board with all members meeting the criteria, and a perfect ratio of program expenses, indicating that all funds are directed towards its programs. These factors suggest a commitment to serving its mission effectively. However, the lack of financial statements, a conflict of interest policy, and other governance documents raises questions about transparency and operational integrity.

Overall, while Friends Of Zichron Meir Inc has strengths in governance and program funding, the absence of crucial financial documents and policies can hinder potential donors' trust and confidence in the organization. It is advisable for the nonprofit to improve its transparency to enhance its rating and credibility in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Friends Of Zichron Meir Inc Friends Of Zichron Meir legitimate?

Friends Of Zichron Meir Inc Friends Of Zichron Meir is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Zichron Meir Inc Friends Of Zichron Meir 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 Friends Of Zichron Meir Inc Friends Of Zichron Meir?

The mission of Friends Of Zichron Meir Inc, as stated, is centered around providing support to Talmud Torah Zichron Meir, a school located in Israel. Their primary objective is to contribute to the educational institution, ensuring its continued operation and success. By doing so, they aim to positively impact the students and community associated with the school. The organization's activities are primarily focused on supporting Talmud Torah Zichron Meir, thereby fostering an environment of learning and growth.

Who is the CEO of Friends Of Zichron Meir Inc Friends Of Zichron Meir?

Isaac Sternheim is the Officer of Friends Of Zichron Meir Inc Friends Of Zichron Meir.

What is the revenue of Friends Of Zichron Meir Inc Friends Of Zichron Meir?

Friends Of Zichron Meir Inc Friends Of Zichron Meir's revenue in 2022 was $731,640.

Who are the executives of Friends Of Zichron Meir Inc Friends Of Zichron Meir and what are their salaries?

There 4 volunteers at Friends Of Zichron Meir Inc Friends Of Zichron Meir.


Here are 2 key members and their salaries:


Isaac Sternheim (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Brody (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Friends Of Zichron Meir Inc Friends Of Zichron Meir?

Friends Of Zichron Meir Inc Friends Of Zichron Meir's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Friends Of Zichron Meir Inc Friends Of Zichron Meir

Friends of Zichron Meir Inc., as its mission statement suggests, is an organization dedicated to supporting Talmud Torah Zichron Meir, a school located in Israel. The primary objective of this nonprofit is to provide assistance to this educational institution, ensuring its continued operation and success. By doing so, Friends of Zichron Meir Inc. contributes to the provision of quality education to students within the Talmud Torah Zichron Meir community. This support may take various forms, such as financial aid, resources, or other forms of assistance, all aimed at enhancing the school's functioning and the educational experience of its students.

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Impact




July, 2024

Friends Of Zichron Meir Inc Friends Of Zichron Meir has a direct impact on supporting Talmud Torah Zichron Meir, a school in Israel. Through their efforts, they contribute to the success and growth of the institution, providing vital support for educational programs and initiatives. Their work helps to ensure that Talmud Torah Zichron Meir can continue to offer quality education to its students, ultimately making a positive difference in the lives of the individuals within the community.




This information is meant to be a general summary of Friends Of Zichron Meir Inc Friends Of Zichron Meir. 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.

Revenue
$731,640 (2022)
Expenses
$789,703 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $731,640

Assets and Liabilities:

  • Total Assets: $71,095
  • Total Liabilities: $0
  • Net Assets: $71,095

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Organization Details

Founding Year

1992

Principal Officer

Isaac Sternheim

Main Address

1428 36TH STREET 205, BROOKLYN, NY, 11218

NTEE Category

Code: T30 - Philanthropy

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