Overview
What is Mattan Basseter Inc?
Mattan Basseter Inc, located in Brooklyn, New York, is a compassionate nonprofit organization that offers financial assistance for families struggling to cover the expenses of Yeshiva tuition. With a modest workforce of one dedicated individual, this organization provides aid based on the families' needs, ensuring that no child is deprived of the educational opportunities offered by Yeshivas due to financial constraints. The organization's mission is to bridge the gap between families' financial limitations and the cost of Yeshiva education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating.
Mattan Basseter Inc has received a Two-Star rating from Charity Navigator, indicating room for improvement in various operational aspects. The organization maintains a strong accountability and finance score of 71, which reflects their commitment to transparency and responsible governance. Notably, they have a fully independent board, demonstrating effective oversight, and their financial management appears sound, as evidenced by a 0.00% liabilities to assets ratio.
Strengths of Mattan Basseter Inc include high program expense efficiency, with an impressive 91.48% of expenses directed towards program services. This highlights their focus on fulfilling their mission rather than administrative costs. Additionally, they have no material diversion of assets and actively document board meeting minutes, supporting accountability practices.
Despite these strengths, the overall Two-Star rating suggests that there are areas needing improvement, particularly in aspects of organizational performance or effectiveness that could enhance their impact. Stakeholders may want to monitor the organization's efforts to address these limitations and improve their overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mattan Basseter Inc legitimate?
Mattan Basseter Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mattan Basseter 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,200
For more financial information, click here
What is the mission statement of Mattan Basseter Inc?
Mattan Basseter Inc, as per its mission, provides financial aid to families who are unable to afford Yeshiva tuition, based on their needs. This organization's purpose is to ensure that every child has the opportunity to attend a Yeshiva, regardless of their family's financial situation. The assistance they offer is essentially bridging the gap between a family's financial capabilities and the cost of Yeshiva education. This organization's mission is centered around the belief in equal educational opportunities for all.
Who is the CEO of Mattan Basseter Inc?
Aslan Bawabeh is the Trustee of Mattan Basseter Inc.
What is the revenue of Mattan Basseter Inc?
Mattan Basseter Inc's revenue in 2023 was $1,301,370.
Who are the executives of Mattan Basseter Inc and what are their salaries?
The average compensation at Mattan Basseter Inc during 2023 was $7,200. There is 1 employee at Mattan Basseter Inc.
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 Mattan Basseter Inc?
Mattan Basseter Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mattan Basseter Inc
Mattan Basseter Inc, as per its mission statement, provides aid to families who are financially unable to afford yeshiva tuition. This nonprofit organization operates with the belief that every family should have the opportunity to send their children to yeshiva, regardless of their financial situation. Mattan Basseter Inc's mission is to bridge the gap between families' needs and the cost of yeshiva education, ensuring that no family is left behind due to financial constraints. By providing financial aid based on need, Mattan Basseter Inc is committed to making a significant impact in the lives of many families, enabling their children to receive a quality yeshiva education.
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Impact
October, 2024
Mattan Basseter Inc plays a significant role in the Brooklyn community by providing essential financial assistance to families who struggle to afford Yeshiva tuition. The organization's focus on need-based aid ensures that eligible families can access quality education for their children, fostering a supportive environment where financial barriers do not hinder educational opportunities.
By addressing the tuition challenges faced by families, Mattan Basseter Inc directly contributes to the broader goal of enhancing educational access and equity. As a result, more children can attend Yeshiva, enriching their academic and cultural experiences while promoting the values they learn within their communities. The impact of this organization extends beyond individual families; it strengthens the community by ensuring that future generations can uphold and propagate their cultural and religious heritage through education.
This information is meant to be a general summary of Mattan Basseter 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 2023.
- Investment Income: $293
- Gross Receipts: $1,321,035
Assets and Liabilities:
- Total Assets: $1,966,844
- Total Liabilities: $0
- Net Assets: $1,966,844
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Organization Details
Founding Year
1999
Phone
(212) 631-9500Principal Officer
Aslan Bawabeh
Main Address
1924 E 7TH STREET, BROOKLYN, NY, 11223
NTEE Category
Code: B82 - Education
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