Overview
What is Rabbi Isaac Elchanan Theological Seminary?
Rabbi Isaac Elchanan Theological Seminary is a New York-based nonprofit institution dedicated to providing rabbinical and Judaic studies for approximately 230 seminary students, as well as community learning and leadership training programs. The seminary aims to prepare students for the rabbinate and is authorized to confer various degrees, including Master of Hebrew Literature (M.H.L.), Doctor of Hebrew Literature (D.H.L.), Master of Religious Education (M.R.Ed.), and Doctor of Religious Education (D.R.Ed.), in compliance with the regulations of the University of the State of New York and the Commissioner of Education. The Seminary employs a staff of 65 individuals.
Official website here: www.yu.edu/riets
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Rabbi Isaac Elchanan Theological Seminary has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management. The organization earned full points in several key areas, including an independent board and financial oversight, indicating a high level of transparency and governance. The majority of the board members are independent, which contributes to the integrity of its operations.
Financially, the seminary demonstrates robust management with a program expense ratio of nearly 85%, showing that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the organization has not shown any material diversion of assets, further underscoring its commitment to ethical practices and effective use of resources.
While the ratings are strong, it is essential to note that the assessment is based solely on accountability and finance. Stakeholders may want to consider other factors such as program effectiveness and community impact beyond financial metrics for a comprehensive understanding of the seminary’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Rabbi Isaac Elchanan Theological Seminary legitimate?
Rabbi Isaac Elchanan Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rabbi Isaac Elchanan Theological Seminary 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: $272,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,820,131
For more financial information, click here
Official website here: www.yu.edu/riets
What is the mission statement of Rabbi Isaac Elchanan Theological Seminary?
Rabbi Isaac Elchanan Theological Seminary is dedicated to providing rabbinical and Judaic study programs for approximately 230 seminary students, as well as community learning and leadership training. Its primary mission is to prepare students for the rabbinate, culminating in the issuance of the traditional certificate of ordination. The seminary holds authorization from the Board of Regents of the University of the State of New York and the regulations of the Commissioner of Education to confer degrees, including Master of Hebrew Literature (M.H.L.), Doctor of Hebrew Literature (D.H.L.), Master of Religious Education (M.R.Ed.), and Doctor of Religious Education (D.R.Ed.). The seminary's purpose is to nurture future religious leaders and deepen their knowledge of Judaic studies.
Official website here: www.yu.edu/riets
Who is the CEO of Rabbi Isaac Elchanan Theological Seminary?
Rabbi Marc Penner is the Dean of Rabbi Isaac Elchanan Theological Seminary.
Official website here: www.yu.edu/riets
What is the revenue of Rabbi Isaac Elchanan Theological Seminary?
Rabbi Isaac Elchanan Theological Seminary's revenue in 2022 was $32,501,491.
Official website here: www.yu.edu/riets
Who are the executives of Rabbi Isaac Elchanan Theological Seminary and what are their salaries?
The average compensation at Rabbi Isaac Elchanan Theological Seminary during 2022 was $62,964. There are 65 employees and 30 volunteers at Rabbi Isaac Elchanan Theological Seminary.
Here are 39 key members and their salaries:
- Compensation: $175,039
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- Compensation: $66,441
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Official website here: www.yu.edu/riets
Where can I find the form 990 for Rabbi Isaac Elchanan Theological Seminary?
Rabbi Isaac Elchanan Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yu.edu/riets
Learn more at the official website: www.yu.edu/riets
Mission Statement of Rabbi Isaac Elchanan Theological Seminary
Rabbi Isaac Elchanan Theological Seminary is a esteemed institution dedicated to providing rigorous rabbinical and Judaic studies for approximately 230 seminary students, in addition to community learning and leadership training programs. The Seminary's primary mission is to prepare students for the rabbinate, culminating in the issuance of the traditional certificate of ordination. Furthermore, Rabbi Isaac Elchanan Theological Seminary holds the authorization to confer the degrees of Master of Hebrew Literature (M.H.L.), Doctor of Hebrew Literature (D.H.L.), Master of Religious Education (M.R.Ed.), and Doctor of Religious Education (D.R.Ed.), aligning with the rules of the Board of Regents of the University of the State of New York and the regulations of the Commissioner of Education of the State of New York for the registration of institutions of higher education.
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Impact
October, 2024
Rabbi Isaac Elchanan Theological Seminary (RIETS) plays a pivotal role in shaping Jewish leadership and scholarship. By offering dedicated rabbinical and Judaic study programs, RIETS enrolls approximately 230 seminary students, preparing them for various leadership roles within the Jewish community. The impact of RIETS extends beyond its students, as it also provides community learning initiatives and leadership training programs that enrich the wider community.
The seminary’s mission is to prepare students for the rabbinate, equipping them with the knowledge and skills necessary to serve effectively. It issues traditional certificates of ordination, reinforcing its commitment to maintaining high standards in rabbinic education. Additionally, RIETS is authorized to confer advanced degrees such as the Master of Hebrew Literature (M.H.L.), Doctor of Hebrew Literature (D.H.L.), Master of Religious Education (M.R.ED.), and Doctor of Religious Education (D.R.ED.). These credentials reflect the seminary's dedication to academic rigor and its adherence to state regulations for higher education institutions.
Ultimately, RIETS fosters a strong foundation for future leaders in the Jewish faith, contributing to the continuity and vitality of Jewish life in New York and beyond.
This information is meant to be a general summary of Rabbi Isaac Elchanan Theological Seminary. 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: $17,080,189
- Program Service Revenue: $5,844,688
- Gross Receipts: $72,208,119
Assets and Liabilities:
- Total Assets: $139,694,914
- Total Liabilities: $3,877,688
- Net Assets: $135,817,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION & FEES
Revenue
$5,778,116
STUDENT EDUCATION PROGRAMS
Revenue
$66,572
Organization Details
Founding Year
1897
Phone
(646) 592-4005Principal Officer
Rabbi Marc Penner
Main Address
2540 AMSTERDAM AVENUE, NEW YORK, NY, 10033
Website
www.yu.edu/rietsNTEE Category
Code: B500 - Education
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