Overview
What is Congregation Bnos Yaakov Inc?
Congregation Bnos Yaakov Inc, located at 2 Kent Road, Lakewood, New Jersey, is a nonprofit organization dedicated to providing top-tier religious Jewish education for girls. With a strong emphasis on ethical and scholastic standards, the institution fosters an environment that upholds sacred, religious, and traditional values. The organization, which employs 209 individuals, is committed to instilling these values in a student-friendly manner.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Stars)
Congregation Bnos Yaakov Inc has received a Two-Star rating from Charity Navigator, indicating moderate performance in accountability and finance. The charity has a majority of independent board members, showing a commitment to governance, and its program expense ratio is strong at 89.02%, suggesting effective allocation of resources towards its mission.
However, the organization faces significant limitations, particularly in its financial transparency. It has not provided financial statements, which has resulted in a low score in that category. Additionally, the absence of a whistleblower policy and document retention policies raises concerns about governance practices.
Overall, while Congregation Bnos Yaakov demonstrates solid governance features and effective program funding, its lack of transparency and missing policies detract from its overall evaluation. Improvements in these areas could enhance its reliability and trustworthiness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Congregation Bnos Yaakov Inc legitimate?
Congregation Bnos Yaakov Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Congregation Bnos 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: $248,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,209,523
For more financial information, click here
What is the mission statement of Congregation Bnos Yaakov Inc?
Congregation Bnos Yaakov Inc's mission is centered around providing top-notch religious Jewish education for girls, upholding both ethical and scholastic standards. They strive to instill sacred, religious, and traditional values within their students, fostering an environment that is conducive to learning. The organization is committed to cultivating a student-friendly atmosphere, ensuring that the educational process is not only academically rigorous but also morally enriching.
Who is the CEO of Congregation Bnos Yaakov Inc?
Joseph Herskovits is the President of Congregation Bnos Yaakov Inc.
What is the revenue of Congregation Bnos Yaakov Inc?
Congregation Bnos Yaakov Inc's revenue in 2022 was $8,486,452.
Who are the executives of Congregation Bnos Yaakov Inc and what are their salaries?
The average compensation at Congregation Bnos Yaakov Inc during 2022 was $16,545. There are 209 employees at Congregation Bnos Yaakov Inc.
Here are 8 key members and their salaries:
- Compensation: $135,000
- Related: $0
- Other: $117,037
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Congregation Bnos Yaakov Inc?
Congregation Bnos Yaakov Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Congregation Bnos Yaakov Inc
Congregation Bnos Yaakov Inc, a nonprofit organization, is committed to providing religious Jewish education for girls. They uphold this mission by adhering to the highest ethical and scholastic standards. Their goal is to instill sacred, religious, and traditional values in a student-friendly environment, ensuring a holistic learning experience for the girls. The organization's approach emphasizes not just academic excellence but also the cultivation of moral and spiritual values, thereby fostering well-rounded individuals who embody the Jewish faith and traditions.
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Impact
October, 2024
Congregation Bnos Yaakov Inc plays a vital role in the Lakewood community by providing high-quality religious Jewish education exclusively for girls. By maintaining high ethical and scholastic standards, the organization fosters an environment where students can thrive academically while also deepening their understanding of sacred and traditional values.
The focus on a student-friendly atmosphere ensures that girls feel supported and encouraged in their educational journey, promoting not just academic success but also personal and spiritual growth. This commitment to instilling religious values helps shape future generations, enabling them to embrace their faith and contribute positively to their communities. Through its educational programs, Congregation Bnos Yaakov Inc cultivates a sense of identity and belonging among its students, while also preparing them to navigate the world with integrity and confidence.
This information is meant to be a general summary of Congregation Bnos 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $4,201,420
- Gross Receipts: $8,486,452
Assets and Liabilities:
- Total Assets: $13,041,945
- Total Liabilities: $7,226,522
- Net Assets: $5,815,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$4,131,913
SCHOOL PROGRAM INCOME
Revenue
$69,507
Organization Details
Founding Year
1997
Phone
(732) 886-7300Principal Officer
Joseph Herskovits
Main Address
2 KENT ROAD, LAKEWOOD, NJ, 08701
NTEE Category
Code: B24 - Education
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