Overview
What is Talmud Torah Tzfat Inc?
Talmud Torah Tzfat Inc, based in Brooklyn, New York, operates as a nonprofit organization. Its primary mission is to provide financial assistance to Jewish schools in Israel, specifically to support Orthodox Jewish education. The organization's activities are centered around making grants to enhance and promote Orthodox Jewish educational programs. This nonprofit contributes to the education of Jewish children in Israel, thereby playing a significant role in preserving and nurturing their cultural heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Talmud Torah Tzfat Inc has achieved a 65% score from Charity Navigator, which reflects its performance in accountability and finance. This rating indicates a need for improvement, particularly in the area of financial management, as evidenced by a high liabilities-to-assets ratio, which scored 0 out of 15 points. The charity’s overall score is primarily based on its financial health, highlighting the importance of fiscal responsibility for sustainability.
The organization demonstrates strong governance practices, with 100% of its board members being independent, which is commendable. It also scores exceptionally well in program expense ratio at 97.89%, suggesting that a significant portion of its funding goes directly to its programs rather than administrative costs. Additionally, it has a conflict of interest policy in place and consistently documents board meeting minutes, which underscores its commitment to transparency.
Despite these strengths, the high liabilities-to-assets ratio raises concerns about its financial stability. Stakeholders may want to monitor this aspect closely, as it could impact the charity's ability to fulfill its mission in the long run. Overall, while Talmud Torah Tzfat Inc shows positive governance and program effectiveness, addressing its financial liabilities will be crucial for enhancing its fiscal health and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Talmud Torah Tzfat Inc legitimate?
Talmud Torah Tzfat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Talmud Torah Tzfat 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: $0
For more financial information, click here
What is the mission statement of Talmud Torah Tzfat Inc?
Talmud Torah Tzfat Inc's mission is centered around providing financial support for Orthodox Jewish education. They accomplish this by making grants to various Jewish schools, contributing to the upkeep of Orthodox Jewish education in Israel. The organization's primary objective is to foster and promote Orthodox Jewish education, ensuring its continuity and growth. By providing these grants, Talmud Torah Tzfat Inc plays a crucial role in nurturing the next generation within the Orthodox Jewish community, thereby preserving and strengthening their cultural and religious identity.
Who is the CEO of Talmud Torah Tzfat Inc?
Menachem Gerelitz is the President of Talmud Torah Tzfat Inc.
What is the revenue of Talmud Torah Tzfat Inc?
Talmud Torah Tzfat Inc's revenue in 2022 was $169,605.
Who are the executives of Talmud Torah Tzfat Inc and what are their salaries?
There 3 volunteers at Talmud Torah Tzfat 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 Talmud Torah Tzfat Inc?
Talmud Torah Tzfat Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Talmud Torah Tzfat Inc
Talmud Torah Tzfat Inc, a nonprofit organization, is committed to supporting Orthodox Jewish education. Their mission is to provide financial assistance to Jewish schools in Israel, with the goal of fostering and preserving Orthodox Jewish education. Through their grant-making efforts, they contribute to the educational needs of the Orthodox Jewish community, ensuring that the tradition of Jewish learning continues to thrive.
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Impact
October, 2024
Talmud Torah Tzfat Inc significantly impacts Orthodox Jewish education by providing essential financial support to Jewish schools in Israel. Through its grants, the organization helps ensure that these institutions can continue to offer quality education grounded in Orthodox values and teachings. This support not only fosters a strong educational foundation for students but also aids in the preservation of Jewish heritage and tradition within the community. By investing in this sector, Talmud Torah Tzfat Inc plays a crucial role in nurturing future generations and maintaining the cultural and religious identity of Orthodox Judaism.
This information is meant to be a general summary of Talmud Torah Tzfat 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 2022.
- Gross Receipts: $169,605
Assets and Liabilities:
- Total Assets: $677,617
- Total Liabilities: $997,885
- Net Assets: -$320,268
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Organization Details
Founding Year
2004
Phone
(718) 437-5587Principal Officer
Menachem Gerelitz
Main Address
1321 44TH STREET, BROOKLYN, NY, 11219
NTEE Category
Code: X30 - Religion related
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