Overview
What is Yeshiva Zichron Mayir?
Yeshiva Zichron Mayir is a nonprofit organization situated in Mountaintdale, New York. With a small team of 15 individuals, this institution is dedicated to educating students in Jewish religious studies and prayers. Their primary focus is on nurturing and fostering a deep understanding of Jewish religious teachings and practices, providing a unique learning environment for its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Yeshiva Zichron Mayir received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization has significant room for improvement in its accountability and financial practices. With an overall score of 60%, the nonprofit struggles particularly in areas such as independent board membership and the availability of financial statements, which are crucial for transparency and trust.
While the organization has shown a strong program expense ratio of 72.44%, suggesting that a majority of its funds are directed towards its programs, its lack of independent board members and essential financial disclosures raises concerns about governance. Additionally, the presence of a conflict of interest policy is a positive aspect; however, the absence of a whistleblower policy further underscores the need for enhanced oversight and accountability measures.
On a positive note, the organization has maintained a favorable liabilities to assets ratio of 48.90%, indicating a stable financial position. Despite these strengths, the gaps in governance and transparency highlighted by the low scores in various categories reflect critical areas that require attention to build trust and improve operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Yeshiva Zichron Mayir legitimate?
Yeshiva Zichron Mayir is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yeshiva Zichron Mayir 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: $41,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,539
For more financial information, click here
What is the mission statement of Yeshiva Zichron Mayir?
Yeshiva Zichron Mayir's mission is centered around educating students in Jewish religious studies and prayers. The institution is committed to providing a comprehensive learning environment where students can deepen their understanding of Jewish religious teachings and practices, focusing on prayers in particular. Their mission is to equip students with the knowledge and skills necessary to navigate their religious journey with confidence and depth. The Yeshiva aims to foster a community of learning, where students can engage in meaningful discussions and explore the richness of Jewish religious traditions.
Who is the CEO of Yeshiva Zichron Mayir?
Shraga M Rosenblum is the Co- Chairman of Yeshiva Zichron Mayir.
What is the revenue of Yeshiva Zichron Mayir?
Yeshiva Zichron Mayir's revenue in 2022 was $955,141.
Who are the executives of Yeshiva Zichron Mayir and what are their salaries?
The average compensation at Yeshiva Zichron Mayir during 2022 was $15,877. There are 15 employees at Yeshiva Zichron Mayir.
Here are 5 key members and their salaries:
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $8,615
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Yeshiva Zichron Mayir?
Yeshiva Zichron Mayir's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yeshiva Zichron Mayir
Yeshiva Zichron Mayir, a nonprofit organization, is dedicated to the educational pursuit of its students in the realm of Jewish religious studies and prayers. The institution's primary mission is to cultivate an understanding and appreciation of Jewish religious teachings and practices among its students. By providing a comprehensive educational environment, Yeshiva Zichron Mayir aims to equip its students with the knowledge and skills necessary to engage with their faith in a meaningful and profound manner.
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Impact
October, 2024
Yeshiva Zichron Mayir plays a significant role in fostering Jewish education and spiritual growth among its students. By focusing on Jewish religious studies and prayers, it cultivates a deep understanding of Jewish traditions, values, and texts. This education not only enhances students' knowledge of their faith but also strengthens their community ties and cultural identity. By providing a structured environment for learning, the Yeshiva encourages a lifelong commitment to spiritual and moral development. Its impact extends beyond the classroom, as students are empowered to carry these teachings into their daily lives, shaping a generation that is engaged with their heritage and committed to the principles of Judaism.
This information is meant to be a general summary of Yeshiva Zichron Mayir. 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: $4,265
- Program Service Revenue: $240,591
- Gross Receipts: $1,074,475
Assets and Liabilities:
- Total Assets: $1,030,681
- Total Liabilities: $504,044
- Net Assets: $526,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$240,591
Organization Details
Founding Year
1963
Phone
(845) 434-5328Principal Officer
Shraga M Rosenblum
Main Address
PO BOX 140, MOUNTAINDALE, NY, 12763
NTEE Category
Code: X30 - Religion related
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