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Hadar Bais Yaakov Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223316403 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Hadar Bais Yaakov Inc?

Hadar Bais Yaakov Inc is a small nonprofit organization, headquartered at 353 Lawrence Avenue in Lakewood, New Jersey. The primary mission of this organization is to offer financial aid to various non-profit religious institutions. With a modest workforce of three individuals, Hadar Bais Yaakov Inc contributes to the financial well-being of these religious institutions, contributing to their continued operations and impact within their respective communities.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating 77% - Three-Star out of Four Star Rating

Hadar Bais Yaakov Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization achieved a notable Accountability & Finance score of 77%, reflecting responsible financial practices and operational transparency. The score is primarily based on the organization's adherence to governance standards and effective management of its resources.

Strengths highlighted in the evaluation include a fully independent board of directors and a strong program expense ratio of 95.83%, suggesting that the majority of funds are directed toward program services rather than administrative costs. Additionally, the organization has a good track record of financial integrity, as evidenced by the absence of material asset diversion and a favorable liabilities to assets ratio.

However, the organization is noted for lacking a whistleblower policy, which could be seen as a limitation in terms of ensuring full transparency and protection for individuals who report unethical behavior. Overall, Hadar Bais Yaakov Inc demonstrates a commitment to accountability, but the absence of certain policies suggests there may be areas for improvement in governance practices.


This AI summary has been generated from information found on Charity Navigator.

Is Hadar Bais Yaakov Inc legitimate?

Hadar Bais Yaakov Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hadar Bais Yaakov 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: $54,363

For more financial information, click here


Official website here: www.none

What is the mission statement of Hadar Bais Yaakov Inc?

Hadar Bais Yaakov Inc's mission is centered around providing financial aid to non-profit religious institutions. This organization dedicates its efforts to supporting these institutions financially, aiming to contribute to their continued operations and services. By doing so, Hadar Bais Yaakov Inc plays a significant role in upholding the religious and educational activities of these institutions. This support is crucial in ensuring that these non-profit organizations can continue to serve their communities effectively.


Official website here: www.none

Who is the CEO of Hadar Bais Yaakov Inc?

Michael Mainz is the President of Hadar Bais Yaakov Inc.


Official website here: www.none

What is the revenue of Hadar Bais Yaakov Inc?

Hadar Bais Yaakov Inc's revenue in 2022 was $2,546,019.


Official website here: www.none

Who are the executives of Hadar Bais Yaakov Inc and what are their salaries?

The average compensation at Hadar Bais Yaakov Inc during 2022 was $18,121. There are 3 employees and 2 volunteers at Hadar Bais Yaakov Inc.


Here are 3 key members and their salaries:


Toby Kagan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mainz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eliezer Rot (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Hadar Bais Yaakov Inc?

Hadar Bais Yaakov Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Hadar Bais Yaakov Inc

Hadar Bais Yaakov Inc is dedicated to providing financial support for various non-profit religious institutions. This mission is central to their activities and drives their operations. By offering financial assistance, Hadar Bais Yaakov Inc aims to empower and sustain these religious institutions, enabling them to carry out their religious and charitable work effectively. The organization's role is to act as a financial backbone, ensuring the continued existence and growth of these religious institutions, thereby contributing to the wider religious and community landscape.

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Impact




October, 2024

Hadar Bais Yaakov Inc significantly impacts the community by providing essential financial support to nonprofit religious institutions. Operating from Lakewood, NJ, the organization plays a crucial role in sustaining and enhancing the operations of these institutions, which serve as vital centers for spiritual growth, education, and community engagement. By facilitating financial backing, Hadar Bais Yaakov Inc ensures that these institutions can continue their mission of fostering religious education and community services, thereby reinforcing the cultural and spiritual fabric of the region. This philanthropic effort not only aids in maintaining these establishments but also empowers them to expand their outreach and capabilities, positively affecting countless individuals and families within the community.




This information is meant to be a general summary of Hadar Bais Yaakov 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.

Revenue
$2,546,019 (2022)
Expenses
$2,077,223 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $258
  • Program Service Revenue: $2,554,877
  • Gross Receipts: $2,585,204

Assets and Liabilities:

  • Total Assets: $1,455,771
  • Total Liabilities: $2,326
  • Net Assets: $1,453,445

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEES

Revenue

$2,554,877

Organization Details

Founding Year

1994

Principal Officer

Michael Mainz

Main Address

353 LAWRENCE AVE, LAKEWOOD, NJ, 08701

Website

www.none

NTEE Category

Code: T30 - Philanthropy

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