Overview
What is American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)?
American Friends Of Ogen Inc, previously known as American Friends Of Israel Free Loan, is a charitable organization based in University Heights, Ohio. Their primary mission is to support Ogen-The Israel Free Loan Fund and its subsidiaries, collectively referred to as the "Ogen Group." This group provides interest-free and low-interest loans, along with financial education, to low to middle-income individuals, families, small businesses, and non-profits in Israel. The organization funds these initiatives through grants, contributing significantly to the financial well-being of individuals and organizations in Israel.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
American Friends Of Ogen Inc demonstrates a solid commitment to accountability and finance, as evidenced by its high scores in areas such as independent board governance and program expense ratio. However, the organization has received a lower score due to issues related to its liabilities to assets ratio and missing policies for whistleblowing and document retention.
User feedback highlights the organization's pioneering role in social finance, particularly in supporting underserved communities in Israel. A donor praised Ogen for its effective emergency response following the crisis on October 7th, showcasing the organization's dedication to financial well-being and inclusion. Despite its strong mission, the organization may need to address its financial management practices to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan) legitimate?
American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan) is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan) 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.
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Other Salaries and Wages: $0
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What is the mission statement of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)?
American Friends of Ogen Inc., formerly known as American Friends of Israel Free Loan, has a mission to support the work of Ogen-The Israel Free Loan Fund and its subsidiaries, collectively referred to as the "Ogen Group." This organization's main goal is to provide financial assistance in the form of interest-free and low-interest loans, as well as financial education, to individuals, families, small businesses, and non-profit organizations in Israel who fall under the low to middle income bracket. By doing so, American Friends of Ogen Inc. aims to empower these entities with the necessary financial resources to overcome financial challenges and thrive. The organization primarily achieves this mission by granting funds to the Ogen Group to execute its operations.
Who is the CEO of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)?
Ari H Jaffe is the President And Director of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan).
What is the revenue of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)?
American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)'s revenue in 2022 was $1,654,863.
Who are the executives of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan) and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)?
American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan)
American Friends of Ogen Inc., previously known as American Friends of Israel Free Loan, is dedicated to supporting the Ogen-Israel Free Loan Fund and its subsidiaries, collectively known as the Ogen Group. This organization's mission is to provide financial aid to this group, which in turn offers interest-free and low-interest loans, as well as financial education, to low to middle-income individuals, families, small businesses, and non-profits in Israel. By granting funds to the Ogen Group, American Friends of Ogen Inc. aims to help those in need gain access to essential financial resources, ultimately fostering economic growth and stability within the Israeli community.
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Impact
October, 2024
American Friends Of Ogen Inc significantly impacts the financial landscape for low to middle-income individuals, families, small businesses, and non-profits in Israel. By providing interest-free and low-interest loans, along with essential financial education, the organization empowers these groups to achieve economic stability and growth.
In recent activities, the organization granted over $1.5 million to the OGEN-THE ISRAEL FREE LOAN FUND and its subsidiaries, enhancing their ability to offer vital financial services. This support helps alleviate financial burdens, promote entrepreneurship, and foster community development, ultimately transforming lives and strengthening the economy in Israel.
The focus on financial education ensures that recipients are not only able to access funds but also equipped with knowledge to manage their finances effectively, leading to long-term sustainability and self-sufficiency within communities. Through these initiatives, American Friends Of Ogen Inc plays a crucial role in community improvement and economic empowerment in Israel.
This information is meant to be a general summary of American Friends Of Ogen Inc(Formerly American Friends Of Israel Free Loan). 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: $127
- Gross Receipts: $1,654,863
Assets and Liabilities:
- Total Assets: $9,014,182
- Total Liabilities: $8,959,145
- Net Assets: $55,037
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Organization Details
Founding Year
1992
Phone
(216) 310-4912Principal Officer
Ari H Jaffe
Main Address
2330 MILTON ROAD, UNIVERSITY HEIGHTS, OH, 44118
NTEE Category
Code: S41Z - Community improvement
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