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Sephardic Gan Torat Emet Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201354171 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Sephardic Gan Torat Emet Inc?

Sephardic Gan Torat Emet Inc is a nonprofit organization situated in Houston, Texas, with a specific focus on providing education and child care to families within the local Jewish community. The organization's primary mission is to instill Torah values and positive character traits among its students, encouraging close cooperation between home and school. The school offers a nurturing Jewish religious environment, preserving traditions, and providing a strong academic foundation to help children reach their potential. Additionally, Sephardic Gan Torat Emet Inc collaborates with the Jewish Herald and local newspapers, as well as the monthly Sephardic community paper, to disseminate information and publications.


Official website here: www.tetx.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1 Star (57%)

Sephardic Gan Torat Emet Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns primarily related to its Accountability & Finance practices. The overall score is heavily reliant on this aspect, which suggests room for improvement in financial transparency and governance. While the organization does demonstrate a completely independent board, it falls short in several key areas such as financial statement availability and the implementation of conflict of interest and whistleblower policies.

Strengths of the organization include a fully independent board, which is a positive sign for governance. However, its financial management raises red flags, notably receiving zero points for the availability of financial statements and other critical policies that are essential for donor trust. The high program expense ratio indicates that a significant portion of funds is directed towards its mission, but without adequate financial documentation, it's difficult to assess the overall effectiveness of this spending.

The absence of important accountability measures, such as a conflict of interest policy and proper documentation practices, significantly impacts the organization's rating. Stakeholders may want to consider these limitations when evaluating the charity's reliability and transparency. Overall, while the organization has its strengths, the shortcomings in financial and operational transparency warrant cautious consideration from potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Sephardic Gan Torat Emet Inc legitimate?

Sephardic Gan Torat Emet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sephardic Gan Torat Emet 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: $2,651,117

For more financial information, click here


Official website here: www.tetx.org

What is the mission statement of Sephardic Gan Torat Emet Inc?

Sephardic Gan Torat Emet Inc, as a school, is dedicated to instilling Torah values and fostering positive character traits in its students. The school is committed to helping each child reach their full potential and encourages a close cooperation between home and school. The organization takes pride in offering excellence in both Judaic and secular instruction, instilling in the students a love for Torah and an interest in the Judaic aspects of life.


Official website here: www.tetx.org

Who is the CEO of Sephardic Gan Torat Emet Inc?

Jack Polatsek is the Predident of Sephardic Gan Torat Emet Inc.


Official website here: www.tetx.org

What is the revenue of Sephardic Gan Torat Emet Inc?

Sephardic Gan Torat Emet Inc's revenue in 2022 was $5,156,198.


Official website here: www.tetx.org

Who are the executives of Sephardic Gan Torat Emet Inc and what are their salaries?


Here are 12 key members and their salaries:


Yakov Polatsek (Predident)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Pines (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Warren (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noah Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Helstein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Avraham Kravetz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Binyomin Medetsky (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Serotta (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Yaghobian (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesscia Toso (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bina Statfeld (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Garfield (Head Of School)
  • Compensation: $194,594
  • Related: $0
  • Other: $7,550


Official website here: www.tetx.org

Where can I find the form 990 for Sephardic Gan Torat Emet Inc?

Sephardic Gan Torat Emet Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tetx.org

Learn more at the official website: www.tetx.org

Mission Statement of Sephardic Gan Torat Emet Inc

Sephardic Gan Torat Emet Inc, as a school, is committed to instilling Torah values and positive character traits in its students. The organization's mission is to help each child reach their full potential, fostering a close cooperation between home and school. The school is renowned for its excellence in both Judaic and secular instruction, inspiring a love for Torah and an interest in the Judaic aspects of life in its students.

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Impact




August, 2024

Sephardic Gan Torat Emet Inc's impact can be seen in the way it instills Torah values and positive character traits within its students. The school's commitment to helping each child reach their potential and encouraging close cooperation between home and school is evident in the nurturing environment it provides. By offering both Judaic and secular instruction, the school equips its students with a love for Torah and an interest in Jewish aspects of life. Through its education and child care services, Sephardic Gan Torat Emet Inc plays a vital role in supporting families in the local Jewish community, fostering a strong foundation for the future generation.




This information is meant to be a general summary of Sephardic Gan Torat Emet 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.

Revenue
$5,156,198 (2022)
Expenses
$4,694,685 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,061
  • Program Service Revenue: $3,263,254
  • Gross Receipts: $5,202,998

Assets and Liabilities:

  • Total Assets: $6,907,171
  • Total Liabilities: $4,685,758
  • Net Assets: $2,221,413

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION & REGISTRATION

Revenue

$2,884,820

ACTIVITIES

Revenue

$323,834

SCHOOL CONTRIBUTIONS

Revenue

$54,600

Organization Details

Founding Year

2004

Principal Officer

Jack Polatsek

Main Address

11330 BRAESRIDGE DRIVE, HOUSTON, TX, 77071

NTEE Category

Code: B210 - Education

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