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Keren Even Habochen Inc

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

EIN: 223476212 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Keren Even Habochen Inc?

Keren Even Habochen Inc is a nonprofit organization situated in Lakewood, New Jersey. Their primary objective is to advance education and religion by granting scholarships to students based on their academic performance. These scholarships are offered to students who are currently enrolled in Beth Medrash Govoha, a specific educational institution. With a modest workforce of 4 individuals, Keren Even Habochen Inc is committed to supporting the academic and religious growth of its recipients, contributing to their overall development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 58% (One-Star out of Four Stars)

Keren Even Habochen Inc has received a relatively low rating of 58% from Charity Navigator, which indicates concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board, strong governance policies like the conflict of interest policy, and a decent program expense ratio, it falls short on several critical financial metrics.

The charity's financial statements score is alarming, receiving zero points, which suggests a lack of transparency in its financial reporting. Additionally, the absence of a whistleblower policy and document retention practices raises further concerns about how the organization manages internal governance and compliance. The liabilities to assets ratio is also relatively high, indicating potential financial strain.

Despite these challenges, Keren Even Habochen Inc has a strong commitment to its programs, as evidenced by a solid program expense ratio. However, stakeholders and potential donors may want to exercise caution and seek further information regarding the organization's financial health and operational transparency before making contributions.


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

Is Keren Even Habochen Inc legitimate?

Keren Even Habochen Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keren Even Habochen 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: $128,166

For more financial information, click here

What is the mission statement of Keren Even Habochen Inc?

Keren Even Habochen Inc is dedicated to furthering both education and religion by providing scholarships. These scholarships are awarded based on academic merit, specifically evaluating the progress of students attending Beth Medrash Govoha. The organization's goal is to support individuals who demonstrate exceptional academic abilities in their pursuit of knowledge in both secular and religious fields. By providing these scholarships, Keren Even Habochen Inc aims to foster a community of well-educated individuals who can contribute positively to society and their chosen fields.

Who is the CEO of Keren Even Habochen Inc?

Chaim Moses is the Treasurer of Keren Even Habochen Inc.

What is the revenue of Keren Even Habochen Inc?

Keren Even Habochen Inc's revenue in 2022 was $916,566.

Who are the executives of Keren Even Habochen Inc and what are their salaries?

The average compensation at Keren Even Habochen Inc during 2022 was $32,042. There are 4 employees at Keren Even Habochen Inc.


Here are 4 key members and their salaries:


Shragie Goldberg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Moshe Kahan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chaim Moses (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yitzchok Weinstein (Administrato)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Keren Even Habochen Inc?

Keren Even Habochen Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Keren Even Habochen Inc

Keren Even Habochen Inc, a nonprofit organization, is committed to advancing education and religion by providing scholarships based on academic evaluations. This mission is carried out through the assessment of the academic progress of students attending Beth Medrash Govoha. By offering scholarships based on academic merit, Keren Even Habochen Inc aims to support individuals pursuing higher education and fostering a strong connection between education and religion. The organization's work is centered around recognizing and rewarding academic achievements, ultimately contributing to the advancement of both education and religious perspectives.

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Impact




October, 2024

Keren Even Habochen Inc plays a significant role in enhancing educational opportunities within the community, focusing on the advancement of education and religion. By providing scholarships based on academic evaluations, the organization supports students attending Beth Medrash Govoha, aiding their educational journeys and fostering a commitment to academic excellence. This initiative not only alleviates financial burdens but also encourages students to strive for high academic achievement, thereby contributing to their personal and spiritual development. The scholarships serve as a vital resource that empowers students to pursue their educational goals while reinforcing the importance of religion in their lives. Through its targeted support, Keren Even Habochen Inc cultivates a thriving academic environment that benefits both individuals and the broader community in Lakewood, NJ.




This information is meant to be a general summary of Keren Even Habochen 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
$916,566 (2022)
Expenses
$973,700 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5
  • Gross Receipts: $916,566

Assets and Liabilities:

  • Total Assets: $241,389
  • Total Liabilities: $156,206
  • Net Assets: $85,183

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Organization Details

Founding Year

1996

Principal Officer

Chaim Moses

Main Address

PO BOX 47, LAKEWOOD, NJ, 08701

NTEE Category

Code: B82 - Education

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