Overview
What is Bais Medrash Mayan Hatorah?
Bais Medrash Mayan Hatorah is a nonprofit institution situated in Lakewood, New Jersey. With a student body of approximately 60 individuals, this organization is dedicated to providing religious education in accordance with the Orthodox Jewish faith. Their mission extends beyond teaching, offering religious services and guidance to their students. Established with a team of 20 employees, Bais Medrash Mayan Hatorah strives to foster a nurturing environment that upholds and promotes Orthodox Jewish values.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Bais Medrash Mayan Hatorah has received a Three-Star rating from Charity Navigator, which reflects a strong performance in accountability and finance. The organization’s overall score is based entirely on its accountability measures, indicating a solid commitment to transparency and responsible financial management.
Key strengths include a high percentage of independent board members and a comprehensive conflict of interest policy, which contribute to effective governance. Additionally, Bais Medrash Mayan Hatorah demonstrates a robust program expense ratio, signaling that a significant portion of its resources is directed towards fulfilling its mission.
However, the rating does not provide insights into programmatic impact or outcomes, which are crucial for understanding the effectiveness of the charity's initiatives. While the financial health appears strong, potential donors may want to seek further information on the organization’s programs and their effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bais Medrash Mayan Hatorah legitimate?
Bais Medrash Mayan Hatorah is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bais Medrash Mayan Hatorah 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: $61,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $437,629
For more financial information, click here
What is the mission statement of Bais Medrash Mayan Hatorah?
Bais Medrash Mayan Hatorah is committed to providing religious education to its students in accordance with the Orthodox Jewish faith. Their mission is to offer religious instruction and services, fostering an environment that adheres to the traditional teachings of Orthodox Judaism. The institution serves a student body of approximately 60 individuals, working towards nurturing their spiritual growth and understanding within the Orthodox Jewish faith.
Who is the CEO of Bais Medrash Mayan Hatorah?
Abraham Newman is the Trustee of Bais Medrash Mayan Hatorah.
What is the revenue of Bais Medrash Mayan Hatorah?
Bais Medrash Mayan Hatorah's revenue in 2022 was $1,167,038.
Who are the executives of Bais Medrash Mayan Hatorah and what are their salaries?
The average compensation at Bais Medrash Mayan Hatorah during 2022 was $24,966. There are 20 employees at Bais Medrash Mayan Hatorah.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $21,070
- Related: $0
- Other: $28,705
Where can I find the form 990 for Bais Medrash Mayan Hatorah?
Bais Medrash Mayan Hatorah's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bais Medrash Mayan Hatorah
Bais Medrash Mayan Hatorah, a nonprofit organization, is dedicated to providing religious education to its students in accordance with the Orthodox Jewish faith. Their mission is multifaceted, encompassing both religious education and services. The institution's primary goal is to nurture its approximately 60 students in the traditional teachings of Orthodox Judaism. By doing so, Bais Medrash Mayan Hatorah seeks to foster a strong spiritual foundation among its student body.
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Impact
October, 2024
Bais Medrash Mayan Hatorah plays a significant role in the Lakewood, NJ community by providing an environment for religious education rooted in the Orthodox Jewish tradition. With a student body of approximately 60 students, it fosters a deep understanding of Jewish teachings and practices, ensuring that the values and heritage of the Orthodox faith are passed down to the next generation.
The institution emphasizes not just academic learning but also spiritual growth, creating a space where students can explore their faith and develop a strong sense of community. By prioritizing a comprehensive religious education, Bais Medrash Mayan Hatorah impacts both the individual students and the wider community, nurturing confident, knowledgeable, and engaged members of the Orthodox Jewish faith.
Moreover, its commitment to the arts within the framework of religious education introduces an enriching dimension, allowing students to express their spirituality creatively. This holistic approach not only strengthens the religious foundation of its students but also contributes positively to the cultural tapestry of the local community.
This information is meant to be a general summary of Bais Medrash Mayan Hatorah. 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.
- Program Service Revenue: $456,316
- Gross Receipts: $1,167,038
Assets and Liabilities:
- Total Assets: $3,938,100
- Total Liabilities: $1,209,706
- Net Assets: $2,728,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REVENUE
Revenue
$454,616
EDUCATIONAL SERVICES
Revenue
$1,700
Organization Details
Founding Year
2005
Phone
(732) 367-4377Principal Officer
Abraham Newman
Main Address
101 MILTON STREET, LAKEWOOD, NJ, 08701
NTEE Category
Code: A23 - Arts
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