Overview
What is Adath Israel Capital Fund?
Adath Israel Capital Fund is a nonprofit organization, situated in Lawrenceville, New Jersey, with a specific mission to support the financial needs of Adath Israel Congregation in relation to its physical plant and buildings. This support is facilitated through investments, adhering to a defined investment policy and Trust Document. The fund, devoid of employees or contractors, strives to minimize expenses to maximize its contributions. Since reaching the Trust-mandated disbursement floor, Adath Israel Capital Fund has contributed over $200,000 to Adath Israel Congregation. Its primary role is to provide financial assistance for the congregation's infrastructure, ensuring the continuity and maintenance of their facilities.
Is Adath Israel Capital Fund legitimate?
Adath Israel Capital Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adath Israel Capital Fund 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Adath Israel Capital Fund?
The Adath Israel Capital Fund is dedicated to assisting a specific congregation, namely Adath Israel Congregation in Lawrenceville, New Jersey, in managing their financial requirements related to their physical infrastructure and buildings. This is achieved through income generated from investments, following a predetermined investment policy and guided by a Trust Document. The fund operates without any employees or contractors, aiming to minimize expenses to maximize its benefits. Since reaching the Trust-mandated minimum for disbursements, the Adath Israel Capital Fund has contributed over $200,000 to the congregation.
Who is the CEO of Adath Israel Capital Fund?
David Shaw is the Trustee of Adath Israel Capital Fund.
What is the revenue of Adath Israel Capital Fund?
Adath Israel Capital Fund's revenue in 2023 was $94,298.
Who are the executives of Adath Israel Capital Fund and what are their salaries?
There 8 volunteers at Adath Israel Capital Fund.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Adath Israel Capital Fund?
Adath Israel Capital Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Adath Israel Capital Fund
Adath Israel Capital Fund is a specialized entity that is dedicated to aiding Adath Israel Congregation in Lawrenceville, New Jersey, in managing its financial requirements for maintaining and enhancing its physical facilities and buildings. This is executed through the generation of income from investments, guided by a set investment policy and a Trust Document. The fund operates without any employees or contractors, with the primary aim of minimizing expenses to maximize its benefits. Since reaching the Trust-mandated minimum for disbursements, Adath Israel Capital Fund has contributed more than $200,000 to Adath Israel Congregation. The fund's mission is to support the congregation's infrastructure needs, ensuring its continued growth and service to the community.
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Impact
October, 2024
Adath Israel Capital Fund plays a vital role in ensuring the financial stability of the Adath Israel Congregation in Lawrenceville, NJ. By managing investment income and adhering to a strict investment policy, the Fund has successfully contributed over $200,000 to assist the congregation with its physical plant and building needs. Its commitment to minimizing expenses allows for maximum benefit to the congregation, which is particularly critical in supporting ongoing infrastructure and operational requirements.
One impactful achievement includes providing a mortgage guarantee for the congregation's mortgage renewal, which underscores its dedication to safeguarding the congregation's financial health. By operating without employees or contractors, the Fund exemplifies a streamlined approach to philanthropy, directing all available funds toward tangible benefits for the community. This strategic focus enhances the congregation's ability to thrive, ensuring that resources are utilized efficiently to support its mission and serve its members effectively.
This information is meant to be a general summary of Adath Israel Capital Fund. 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 2023.
- Investment Income: $94,298
- Gross Receipts: $94,298
Assets and Liabilities:
- Total Assets: $1,135,291
- Total Liabilities: $0
- Net Assets: $1,135,291
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Organization Details
Founding Year
1981
Phone
(215) 803-3265Principal Officer
David Shaw
Main Address
1958 Lawrenceville Rd, Lawrenceville, NJ, 08648
NTEE Category
Code: T00 - Philanthropy
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