Overview
What is Zichron Eliyahu Inc?
Zichron Eliyahu Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 657 E 7th St. Their primary mission is to assist families who struggle financially and are unable to meet their basic needs independently. They operate on a nonsectarian basis, providing aid to help these families regain their financial footing. The organization's support extends to educational expenses and related costs to enable these families to overcome their current challenges and move forward positively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating from Charity Navigator)
Zichron Eliyahu Inc has received an 80% rating, which reflects a solid level of accountability and financial management. The rating is based on a single beacon score that primarily focuses on the organization's financial practices. A notable strength is the 100% independent board, which indicates a commitment to governance without conflicts of interest.
However, there are several areas for improvement. The organization lacks financial statements, which significantly impacts their score, particularly in the transparency aspect. Additionally, their independent board size includes only three members, which may limit diverse input in decision-making.
On a positive note, Zichron Eliyahu exhibits effective financial health, with a program expense ratio of 99.92%, indicating that nearly all funds are directed toward their programs. The absence of liabilities and their efficient fundraising practices further demonstrate their strong financial position. Overall, while the organization shows accountability and commitment to its mission, enhancing transparency through financial reporting would strengthen their standing.
This AI summary has been generated from information found on Charity Navigator.
Is Zichron Eliyahu Inc legitimate?
Zichron Eliyahu Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zichron Eliyahu 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 Zichron Eliyahu Inc?
Zichron Eliyahu Inc's mission is centered around providing assistance to families who are struggling financially and finding it challenging to meet their basic needs. Operating on a non-sectarian basis, the organization offers support to help these families regain their footing. Specifically, they focus on covering tuition and related expenses, aiming to alleviate some of the financial burden and enable these families to overcome their financial challenges.
Who is the CEO of Zichron Eliyahu Inc?
Aaron Shain is the Trustee of Zichron Eliyahu Inc.
What is the revenue of Zichron Eliyahu Inc?
Zichron Eliyahu Inc's revenue in 2022 was $2,765,667.
Who are the executives of Zichron Eliyahu Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Zichron Eliyahu Inc?
Zichron Eliyahu Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zichron Eliyahu Inc
Zichron Eliyahu Inc, a nonsectarian organization, is dedicated to aiding families who find themselves in difficult financial situations and struggling to make ends meet. Their mission is to extend a helping hand, enabling these families to regain their footing and overcome their challenges. The organization's efforts primarily focus on supporting families with educational expenses and related costs. By providing this assistance, Zichron Eliyahu Inc aims to empower these families, helping them to rebuild their lives and achieve a more stable future.
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Impact
October, 2024
Zichron Eliyahu Inc significantly impacts families in need by providing essential support to those facing financial hardships. By focusing on nonsectarian assistance, the organization ensures that its help reaches a diverse range of families, regardless of their background. This aid is crucial for individuals who struggle to meet basic living expenses, allowing them to regain stability and independence.
One of the primary areas of focus is educational support, including tuition and related expenses. This assistance not only alleviates the financial burden on families but also promotes educational access and success for children who might otherwise be deprived of such opportunities. The organization's efforts play a vital role in empowering families, helping them to rebuild their lives and create a more secure future for themselves and their children.
Overall, Zichron Eliyahu Inc contributes to community resilience by fostering an environment where families can thrive, thereby strengthening the social fabric of Brooklyn and beyond.
This information is meant to be a general summary of Zichron Eliyahu 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: $2,765,667
Assets and Liabilities:
- Total Assets: $2,429,872
- Total Liabilities: $0
- Net Assets: $2,429,872
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Organization Details
Founding Year
2006
Principal Officer
Aaron Shain
Main Address
657 E 7TH ST, Brooklyn, NY, 11218
NTEE Category
Code: X12 - Religion related
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