Overview
What is Toras Chesed Inc?
Toras Chesed Inc, a nonprofit organization, focuses on charitable and educational initiatives. They provide financial assistance to scholars and extend their support to other tax-exempt organizations under section 501(c)(3). The organization's mission encompasses both the realms of philanthropy and education, aiming to uplift and empower individuals in these sectors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
Toras Chesed Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The rating is primarily influenced by the organization's lack of financial transparency, as it has not provided financial statements, which significantly impacts its overall score. However, the organization excels in having a fully independent board and demonstrates strong program expense efficiency.
While the organization benefits from a high program expense ratio and excellent fundraising efficiency, it faces challenges related to governance and transparency. The absence of key policies, such as conflict of interest and whistleblower policies, suggests potential areas for improvement in organizational governance. Additionally, the missing financial documentation on their website raises concerns about accessibility and transparency for stakeholders.
Despite these limitations, Toras Chesed Inc shows a commitment to its mission through effective program spending, as evidenced by its high program expense ratio. Moving forward, enhancing financial communication and implementing necessary policies could bolster its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Toras Chesed Inc legitimate?
Toras Chesed Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toras Chesed 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: $85,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,800
For more financial information, click here
What is the mission statement of Toras Chesed Inc?
Toras Chesed Inc, as a charitable and educational organization, fulfills its mission by offering financial aid to scholars and extending support to other tax-exempt organizations under section 501(c)(3). The primary goal of Toras Chesed Inc is to contribute to the realm of education and charity. By providing stipends to scholars, it fosters academic growth and knowledge dissemination. Moreover, by supporting tax-exempt organizations, it contributes to a broader spectrum of charitable activities, thereby making a positive impact on society.
Who is the CEO of Toras Chesed Inc?
Eliezer S Krohn is the Trustee of Toras Chesed Inc.
What is the revenue of Toras Chesed Inc?
Toras Chesed Inc's revenue in 2022 was $4,244,430.
Who are the executives of Toras Chesed Inc and what are their salaries?
The average compensation at Toras Chesed Inc during 2022 was $39,100. There are 3 employees at Toras Chesed Inc.
Here are 4 key members and their salaries:
- Compensation: $49,500
- Related: $0
- Other: $36,000
- 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 Toras Chesed Inc?
Toras Chesed Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Toras Chesed Inc
Toras Chesed Inc, a nonprofit organization, is dedicated to charitable and educational pursuits. Its mission encompasses providing financial assistance to scholars and offering support to other tax-exempt organizations under section 501(c)(3). By offering stipends to scholars, Toras Chesed Inc contributes to the growth and development of knowledge within the academic community. Meanwhile, by supporting other tax-exempt organizations, the nonprofit extends its reach and impact, contributing to various causes and initiatives within the realm of education and charity. In essence, Toras Chesed Inc serves as a vital resource for scholars and organizations, empowering them to fulfill their respective missions and make a positive impact in their respective fields.
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Impact
October, 2024
Toras Chesed Inc significantly impacts the community through its commitment to charitable and educational initiatives. By offering financial stipends to scholars, it supports the pursuit of knowledge and religious study, fostering a rich educational environment. Additionally, Toras Chesed aids various tax-exempt organizations, enhancing their capacity to serve the community. Based in Lakewood, NJ, this organization plays a vital role in promoting religious education and charitable works, thereby strengthening the social fabric and support systems within the area. Through its efforts, Toras Chesed Inc nurtures both individual growth and collective responsibility, creating a more engaged and compassionate community.
This information is meant to be a general summary of Toras Chesed 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: $4,281,927
Assets and Liabilities:
- Total Assets: $1,470,225
- Total Liabilities: $541,580
- Net Assets: $928,645
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Organization Details
Phone
(732) 367-6864Principal Officer
Eliezer S Krohn
Main Address
421 6TH STREET, LAKEWOOD, NJ, 08701
NTEE Category
Code: X11 - Religion related
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