Overview
What is American Friends Of Rct Inc?
American Friends of RCT Inc is a New Jersey-based nonprofit organization, specifically located at 512 Second Street in Lakewood, with a mission to support religious educational institutions both in the United States and abroad. By providing financial assistance, they contribute to the ongoing work and sustainability of these institutions. This mission description aligns with their stated activity and purpose, which emphasizes their role in advocating for and backing religious educational ventures.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
American Friends Of Rct Inc has achieved a 72% rating from Charity Navigator, indicating a moderate level of performance in the nonprofit sector. The organization scored exceptionally well in accountability and finance, with a perfect score of 100% in this area. Key strengths include an entirely independent board, strong financial management practices, and a solid program expense ratio of 92.69%, demonstrating a commitment to utilizing funds effectively for its mission.
Despite these strengths, the organization faces challenges reflected in its overall rating. Notably, the working capital ratio is low at 0.03 years, which may raise concerns about the organization’s liquidity and ability to cover short-term obligations. While the charity demonstrates strong governance and a commitment to transparency, potential donors may want to consider this financial aspect when evaluating its stability and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Rct Inc legitimate?
American Friends Of Rct Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Rct 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: $257,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,628
For more financial information, click here
What is the mission statement of American Friends Of Rct Inc?
American Friends Of Rct Inc is a charitable organization committed to supporting religious educational institutions both in the United States and abroad. Their mission is centered on providing financial assistance to these institutions. By offering this support, they contribute to the ongoing operation and growth of religious educational programs. Their efforts aim to foster learning and the advancement of religious education on a global scale.
Who is the CEO of American Friends Of Rct Inc?
Yitshak Altman is the Director of American Friends Of Rct Inc. The CEO's salary of American Friends Of Rct Inc is $34,193 and their total compensation is $34,193.
What is the revenue of American Friends Of Rct Inc?
American Friends Of Rct Inc's revenue in 2022 was $49,245,890.
Who are the executives of American Friends Of Rct Inc and what are their salaries?
Here are 7 key members and their salaries (American Friends Of Rct Inc's CEO's salary is $34,193 and their total compensation is $34,193):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $109,186
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $105,136
- Related: $0
- Other: $0
- Compensation: $34,193
- Related: $0
- Other: $0
Where can I find the form 990 for American Friends Of Rct Inc?
American Friends Of Rct Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Rct Inc
American Friends of RCT Inc is a dedicated organization that works towards supporting religious educational institutions in both the United States and abroad. In essence, this nonprofit plays a vital role in furthering the financial well-being of these educational institutes, ensuring their continued growth and success.
With a strong commitment to religious education, American Friends of RCT Inc channels resources to institutions that share this mission. The nonprofit's efforts extend beyond the borders of the US, making a significant impact on educational institutions around the world. By providing essential financial support, American Friends of RCT Inc empowers these institutions to continue their important work and contribute to the broader educational landscape.
Through its unwavering dedication to the cause, American Friends of RCT Inc has become an invaluable partner to religious educational institutions. Its financial assistance not only helps to sustain these institutions but also enables them to implement new initiatives and expand their reach. In doing so, American Friends of RCT Inc is instrumental in fostering educational opportunities and fostering a global community of learning and growth.
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Impact
October, 2024
American Friends of RCT Inc provides crucial financial support to religious educational institutions both in the United States and internationally. By facilitating funding, they enhance the resources available for education within these institutions, fostering a greater understanding and appreciation of religious teachings. Their efforts contribute to the development of educational programs that cater to diverse communities, enriching the learning environment and promoting values through a religious lens. This impact not only supports the growth of individual students and educational leaders but also strengthens the interconnectedness of religious education worldwide.
This information is meant to be a general summary of American Friends Of Rct 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.
- Gross Receipts: $49,245,890
Assets and Liabilities:
- Total Assets: $1,041,827
- Total Liabilities: $0
- Net Assets: $1,041,827
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Organization Details
Founding Year
1988
Phone
(347) 219-6878Principal Officer
Yitshak Altman
Main Address
510 SECOND STREET, LAKEWOOD, NJ, 08701
NTEE Category
Code: B58I - Education
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