Overview
What is Kollel Divrei Yoel D'satmar Bp?
Kollel Divrei Yoel D'satmar Bp is a nonprofit organization situated in Brooklyn, New York, specifically at 1449 46th Street. Its primary mission is to provide a Kollel, which is an institution where advanced Talmudic scholars reside and engage in intensive study of Jewish texts. This Kollel serves as a hub for these scholars to deepen their understanding and knowledge in Talmudic studies. The organization's dedication to this purpose is clearly reflected in both its name and its mission description.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Kollel Divrei Yoel D'satmar Bp received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its financial transparency and governance practices. While the organization boasts a fully independent board, with all members meeting independence criteria, it lacks essential financial documentation and policies, which are critical for accountability. The absence of financial statements and other key documents raises red flags regarding the organization's operational transparency.
Despite these concerns, Kollel Divrei Yoel D'satmar Bp shows a strong commitment to its mission, reflected in a high program expense ratio of 93.28%. This suggests that a substantial portion of its budget is allocated directly to programs rather than administrative expenses. However, the extremely high liabilities to assets ratio indicates potential financial instability, which could pose risks to its sustainability and ability to fulfill its mission in the long term.
Overall, while the organization demonstrates some strengths in its governance structure and programmatic focus, the lack of necessary financial documentation, policies, and transparency significantly detracts from its overall effectiveness and trustworthiness. Donors and stakeholders may want to exercise caution and seek further information before engaging with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Kollel Divrei Yoel D'satmar Bp legitimate?
Kollel Divrei Yoel D'satmar Bp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kollel Divrei Yoel D'satmar Bp 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
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What is the mission statement of Kollel Divrei Yoel D'satmar Bp?
Kollel Divrei Yoel D'satmar, an esteemed institution, is dedicated to maintaining a kollel for advanced Talmudic scholars. This mission involves providing a conducive environment for these scholars to delve deep into their studies, fostering intellectual growth and spiritual development. The kollel serves as a hub for scholarly discourse and the exploration of ancient Jewish texts, contributing to the preservation and advancement of Jewish knowledge and tradition.
Who is the CEO of Kollel Divrei Yoel D'satmar Bp?
Saul Friedman is the President of Kollel Divrei Yoel D'satmar Bp.
What is the revenue of Kollel Divrei Yoel D'satmar Bp?
Kollel Divrei Yoel D'satmar Bp's revenue in 2022 was $886,155.
Who are the executives of Kollel Divrei Yoel D'satmar Bp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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Where can I find the form 990 for Kollel Divrei Yoel D'satmar Bp?
Kollel Divrei Yoel D'satmar Bp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kollel Divrei Yoel D'satmar Bp
Kollel Divrei Yoel D'satmar Bp is committed to maintaining a kollel for advanced Talmudic scholars. This mission involves providing a conducive environment for scholars to delve deep into their studies of Talmudic texts, fostering their intellectual growth and spiritual development. By maintaining this kollel, Kollel Divrei Yoel D'satmar Bp plays a significant role in preserving and advancing the tradition of Talmudic scholarship. The kollel serves as a hub where scholars can engage in intensive study, share their insights, and contribute to the collective knowledge and understanding of Talmudic teachings. The mission of Kollel Divrei Yoel D'satmar Bp is thus centered around nurturing and supporting advanced Talmudic scholars in their pursuit of wisdom and spiritual enlightenment.
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Impact
October, 2024
Kollel Divrei Yoel D'satmar Bp significantly enriches the Jewish community in Brooklyn through its commitment to advancing Talmudic scholarship. By maintaining a Kollel dedicated to advanced study, it fosters a deep understanding of religious texts among scholars, enhancing the intellectual and spiritual life of the community.
The Kollel serves as a hub for learning and discussion, giving scholars the opportunity to delve into complex Talmudic concepts and share their insights with one another. This environment not only bolsters individual scholarly pursuits but also encourages collaboration and a collective pursuit of knowledge.
Additionally, the presence of such a Kollel impacts the broader community by promoting an ethos of education and engagement with religious texts. It inspires younger generations to appreciate the depth of Jewish learning and can lead to increased participation in religious study and observance within the community.
By nurturing advanced scholars, Kollel Divrei Yoel D'satmar Bp contributes significantly to the preservation and continuation of Jewish learning and tradition, ensuring that vital religious knowledge is transmitted across generations.
This information is meant to be a general summary of Kollel Divrei Yoel D'satmar Bp. 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: $886,155
Assets and Liabilities:
- Total Assets: $350
- Total Liabilities: $152,158
- Net Assets: -$151,808
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Organization Details
Founding Year
2006
Phone
(718) 438-4858Principal Officer
Saul Friedman
Main Address
1449 46TH STREET, BROOKLYN, NY, 11219
NTEE Category
Code: X30 - Religion related
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