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American Friends Of Magen Lacholeh Inc

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

EIN: 223413592 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is American Friends Of Magen Lacholeh Inc?

American Friends of Magen Lacholeh Inc, located in Lakewood, New Jersey, serves as a nonprofit organization that provides comprehensive medical aid, counseling, equipment, and referrals to individuals in need without charging for these services. Their mission is centered around medical assistance and support, ensuring that those who seek help can access it without financial burden. Their activities encompass a wide range of services, aiming to enhance the well-being of those they assist.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

American Friends Of Magen Lacholeh Inc has earned a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The charity boasts a perfect score for its independent board oversight, with all members being independent, and it shows strong program expense allocation, indicating that all of its financial resources are directed towards its mission.

However, the organization has notable shortcomings in financial transparency, as it lacks published financial statements on its website and does not have essential policies in place, such as a conflict of interest policy and a whistleblower policy. These limitations impact its overall score and highlight areas where organizational practices could be improved for better accountability.

User feedback on Great Nonprofits is overwhelmingly positive, with one reviewer praising the organization for providing life-saving assistance during an emergency abroad, including help navigating insurance coverage. This illustrates the tangible impact the charity has on individuals in critical situations, despite its governance and transparency challenges.


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

Is American Friends Of Magen Lacholeh Inc legitimate?

American Friends Of Magen Lacholeh Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Magen Lacholeh 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of American Friends Of Magen Lacholeh Inc?

American Friends of Magen Lacholeh Inc is an organization committed to providing medical aid, counseling, equipment, and referrals to individuals in need, without charging any fees for these services. Their mission is to sponsor and facilitate medical assistance, offering counseling services and equipping those who require it. They extend their reach to all eligible individuals who request assistance, ensuring no financial barriers hinder their access to necessary medical care.

Who is the CEO of American Friends Of Magen Lacholeh Inc?

Arnold Friedman is the President of American Friends Of Magen Lacholeh Inc.

What is the revenue of American Friends Of Magen Lacholeh Inc?

American Friends Of Magen Lacholeh Inc's revenue in 2022 was $630,418.

Who are the executives of American Friends Of Magen Lacholeh Inc and what are their salaries?


Here are 3 key members and their salaries:


Shmaya Friedman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Fischer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $24,000
Yaakov Bogart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for American Friends Of Magen Lacholeh Inc?

American Friends Of Magen Lacholeh Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of American Friends Of Magen Lacholeh Inc

American Friends of Magen Lacholeh Inc is a nonprofit organization dedicated to providing medical assistance, counseling, equipment, and referrals to individuals in need, without charging for these services. The organization's mission is to offer support to those who are financially struggling and require medical aid. By sponsoring these essential services, American Friends of Magen Lacholeh Inc aims to assist all individuals who seek their help, ensuring that no one is left without the necessary medical care they require.

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Impact




July, 2024

American Friends Of Magen Lacholeh Inc sponsors medical assistance, counseling, equipment, and referrals to all needy individuals requesting so, all provided free of charge. Their impact lies in providing critical human services to those in need in the community, addressing health needs and offering support to improve the well-being of individuals facing medical challenges. Through their work, they contribute to enhancing the quality of life for those who may not have access to essential medical care and support services.




This information is meant to be a general summary of American Friends Of Magen Lacholeh 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
$630,418 (2022)
Expenses
$764,412 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $630,418

Assets and Liabilities:

  • Total Assets: $1,413
  • Total Liabilities: $0
  • Net Assets: $1,413

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Organization Details

Founding Year

1995

Principal Officer

Arnold Friedman

Main Address

CO FRIEDMAN 32 CABINFIELD CIRCLE, LAKEWOOD, NJ, 08701

NTEE Category

Code: P20 - Human services

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