Overview
What is Keren Hayeshivot Trust?
Keren Hayeshivot Trust is a nonprofit organization based in Brooklyn, New York, with one employee. Its mission is to support religious institutions of higher education in the United States and Israel, working towards elevating the level of Torah and halachic observance within the Sephardic Orthodox Jewish community. Through its efforts, the trust empowers these institutions to foster spiritual growth and adherence to Jewish law in their student population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating
Keren Hayeshivot Trust has received a two-star rating from Charity Navigator, indicating moderate performance in terms of accountability and finance. The organization demonstrates strengths such as a fully independent board and a high program expense ratio of 99.28%, highlighting its commitment to utilizing funds directly for its programs. Additionally, there are effective policies in place regarding conflicts of interest and whistleblowing, which enhances governance credibility.
However, the rating also reflects significant weaknesses, particularly in financial transparency and operational efficiency. The organization scored poorly in areas such as independent board size and financial statements, which could raise concerns regarding oversight and accountability. Furthermore, the fundraising efficiency ratio is notably low at $0.00, suggesting challenges in raising funds effectively, which may impact its sustainability and growth.
Overall, while Keren Hayeshivot Trust shows a commitment to its mission through high program expenditures and strong governance policies, it faces critical challenges in financial reporting and fundraising that could affect its long-term impact and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Keren Hayeshivot Trust legitimate?
Keren Hayeshivot Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keren Hayeshivot Trust 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: $44,000
For more financial information, click here
What is the mission statement of Keren Hayeshivot Trust?
The Keren Hayeshivot Trust focuses on supporting religious institutions of higher education in both the United States and Israel. Their ultimate goal is to elevate the level of Torah and halachic observance within the Sephardic Orthodox Jewish community. By backing these educational institutions, the Trust aims to foster a deeper connection to Jewish traditions and values among its members. Activities may include providing scholarships, funding for academic programs, and resources for spiritual growth. Through these efforts, the Trust contributes to the continuity and vitality of the Sephardic Orthodox Jewish community.
Who is the CEO of Keren Hayeshivot Trust?
Joseph Chehebar is the President of Keren Hayeshivot Trust.
What is the revenue of Keren Hayeshivot Trust?
Keren Hayeshivot Trust's revenue in 2022 was $20,521,733.
Who are the executives of Keren Hayeshivot Trust and what are their salaries?
The average compensation at Keren Hayeshivot Trust during 2022 was $44,000. There is 1 employee and 3 volunteers at Keren Hayeshivot Trust.
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 Keren Hayeshivot Trust?
Keren Hayeshivot Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keren Hayeshivot Trust
Keren Hayeshivot Trust, a renowned organization, is dedicated to uplifting the level of Torah and Halachic observance within the Sephardic Orthodox Jewish community. By supporting religious institutions of higher education in both the United States and Israel, this trust plays a significant role in fostering academic growth and spiritual development.
Through its mission, Keren Hayeshivot Trust endeavors to strengthen the Sephardic Orthodox Jewish community's commitment to Torah and Halacha. By providing resources and funding to these esteemed academic institutions, it ensures that students receive a rigorous and authentic education, grounded in tradition and deeply rooted in Jewish values. In doing so, the Trust helps to secure a brighter future for the community, as the next generation of scholars and leaders is equipped with the knowledge and skills necessary to carry on the rich cultural legacy.
Moreover, Keren Hayeshivot Trust's efforts extend beyond mere financial support. By promoting a strong connection between the academic institutions and the Sephardic Orthodox Jewish community, it fosters an environment of continuous learning and growth. This synergy enables students to engage with their heritage in a meaningful and personal way, while also preparing them for roles as influential leaders and educators within their community. Thus, Keren Hayeshivot Trust's commitment to supporting higher education institutions is a crucial investment in the future of the Sephardic Orthodox Jewish community, as it ensures the transmission of Jewish knowledge, values, and traditions for generations to come.
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Impact
October, 2024
Keren Hayeshivot Trust significantly enhances the landscape of religious education within the Sephardic Orthodox Jewish community. By supporting institutions of higher learning in both the United States and Israel, it plays a crucial role in elevating the standard of Torah study and Halachic observance. This focus on educational excellence not only strengthens individual understanding and practice but also fosters a vibrant community deeply rooted in its traditions.
The trust's impact extends to cultivating a new generation of scholars and community leaders who are well-versed in Jewish law and texts. This commitment to education encourages a culture of learning and spiritual growth, benefiting both current and future generations. As a result, Keren Hayeshivot Trust contributes to the preservation and advancement of Sephardic Jewish life, ensuring that its unique heritage and values continue to thrive.
This information is meant to be a general summary of Keren Hayeshivot Trust. 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: $20,521,733
Assets and Liabilities:
- Total Assets: $1,789,515
- Total Liabilities: $184,741
- Net Assets: $1,604,774
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Organization Details
Founding Year
1992
Phone
(718) 376-8015Principal Officer
Joseph Chehebar
Main Address
1616 EAST 10TH STREET, BROOKLYN, NY, 11223
NTEE Category
Code: T70J - Philanthropy
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