Overview
What is Tikva Corp?
Tikva Corp, based in West Caldwell, New Jersey, is a nonprofit organization dedicated to providing essential services to the Jewish children and growing Jewish community in Odessa, Ukraine. Their mission encompasses home and medical care for abandoned, orphaned, and abused Jewish children up to approximately sixteen years old; education from kindergarten through university accredited programs, including after-school care and special needs assistance; an adult education program with university classes and cultural activities; daily meals and homecare for elderly Jewish people; and a synagogue for those of the Jewish faith seeking spiritual support. Tikva Corp also offers financial support, educational and supportive counseling, and assistance for children older than sixteen when relocating to Israel. In February 2022, the war in Ukraine forced Tikva to relocate most of its community, programs, and services to Romania, leaving approximately 20% of its operations in Odessa, Ukraine. (Word count: 117)
Official website here: www.tikvaodessa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Tikva Corp has achieved a strong rating of 93% from Charity Navigator, reflecting its commitment to accountability and financial health. This high score indicates robust financial management practices, as evidenced by a perfect score in several critical areas, including a fully independent board and effective oversight mechanisms. The organization demonstrates transparency through comprehensive policies, ensuring that it adheres to ethical standards and best practices in nonprofit governance.
The financial ratios illustrate Tikva Corp's efficiency in program expenditures, with a program expense ratio of 91.70%, meaning that the vast majority of its budget is directed towards its mission-related activities. Additionally, the organization showcases exceptional fundraising efficiency, raising funds with minimal costs, which is a positive sign for potential donors considering their impact on the community.
However, while the organization performs well in many areas, it has a working capital ratio of 0.37 years, which may indicate potential liquidity challenges in the short term. This could suggest the need for careful financial planning to ensure sustainability. Overall, Tikva Corp stands out for its strong governance and effective use of funds, making it a trustworthy choice for supporters looking to contribute to impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Tikva Corp legitimate?
Tikva Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tikva Corp 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: $166,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $593,821
For more financial information, click here
Official website here: www.tikvaodessa.org
What is the mission statement of Tikva Corp?
Tikva Corp is dedicated to supplying essential services to Jewish children and the expanding Jewish community. The organization offers various programs and services including: home and medical care for abandoned, orphaned, and mistreated Jewish children up to approximately sixteen years old; education from kindergarten to university accredited programs, including after-school care and special needs assistance; an adult education program featuring university classes and cultural activities; daily meals and homecare for elderly Jewish people; and a synagogue for those of the Jewish faith to seek spiritual support. Amidst the conflict in Ukraine in February 2022, the corporation was forced to relocate most of its operations to Romania, with about 20% remaining in Ukraine.
Official website here: www.tikvaodessa.org
Who is the CEO of Tikva Corp?
Lori Donza is the Member/Chairman Of The Board of Tikva Corp. The CEO's salary of Tikva Corp is $0 and their total compensation is $0.
Official website here: www.tikvaodessa.org
What is the revenue of Tikva Corp?
Tikva Corp's revenue in 2022 was $37,648,332.
Official website here: www.tikvaodessa.org
Who are the executives of Tikva Corp and what are their salaries?
The average compensation at Tikva Corp during 2022 was $190,114. There are 4 employees and 38 volunteers at Tikva Corp.
Here are 31 key members and their salaries (Tikva Corp's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $359,154
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Official website here: www.tikvaodessa.org
Where can I find the form 990 for Tikva Corp?
Tikva Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tikvaodessa.org
Learn more at the official website: www.tikvaodessa.org
Mission Statement of Tikva Corp
Tikva Corp, a renowned organization, is dedicated to providing essential services to the Jewish children and the growing Jewish community in an undisclosed location. The corporation's primary objective is to ensure the well-being of abandoned, orphaned, and mistreated Jewish children, up to approximately sixteen years old.
In pursuit of its mission, Tikva Corp offers a range of vital programs and services. The first of these is home and medical care for the young Jewish population in need. This comprehensive support system is designed to provide a nurturing environment and essential medical attention to the children under its care.
Another significant aspect of Tikva Corp's mission is education, which encompasses kindergarten through university-accredited programs. The organization goes above and beyond, offering after-school care and special needs assistance to ensure a well-rounded educational experience for its students.
Beyond the needs of the children, Tikva Corp also caters to the older members of the Jewish community. The corporation provides daily meals and homecare for elderly Jewish individuals, enabling them to live comfortably and with dignity. Additionally, Tikva Corp offers a synagogue for those of the Jewish faith, providing a spiritual sanctuary for prayer and reflection.
For children older than sixteen years, Tikva Corp offers financial support, educational, and supportive counseling to facilitate their relocation to Israel. This essential assistance empowers these young adults to start a new chapter in their lives with the necessary resources and support systems in place. Overall, Tikva Corp plays an indispensable role in strengthening and supporting the Jewish community, ensuring their physical, emotional, and spiritual growth.
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Impact
October, 2024
Tikva Corp plays a crucial role in supporting the Jewish community in Odessa, Ukraine, particularly in the wake of significant challenges such as the ongoing war. The organization provides essential services that directly impact the lives of vulnerable populations, including abandoned, orphaned, and abused Jewish children up to the age of sixteen. Through its comprehensive programs, Tikva offers not only home and medical care but also a robust education system that encompasses kindergarten through university.
The organization ensures that children receive after-school care and special needs assistance, thus fostering an inclusive atmosphere where every child can thrive. Additionally, Tikva extends its impact beyond children by facilitating adult education programs that feature university classes and cultural activities, which play a pivotal role in community development.
Elderly Jewish individuals also benefit from Tikva's services, as the organization provides daily meals and homecare, addressing the specific needs of this demographic. The establishment of a synagogue offers a vital space for spiritual growth and community support, enhancing the overall well-being of Jewish residents.
Moreover, Tikva Corp addresses the challenges faced by young adults over sixteen who are relocating to Israel by offering financial support, educational resources, and counseling. This holistic approach not only aids in the immediate needs of a transient population but also contributes to their long-term stability and integration.
Following the upheaval caused by the war in Ukraine, Tikva's ability to adapt and relocate most of its operations to Romania while maintaining a presence in Odessa underscores its commitment to the well-being of the Jewish community. The organization's efforts are critical in reinforcing cultural continuity and support for individuals in a time of crisis, profoundly impacting the resilience of the community.
This information is meant to be a general summary of Tikva Corp. 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: $37,799,432
Assets and Liabilities:
- Total Assets: $7,396,191
- Total Liabilities: $916,580
- Net Assets: $6,479,611
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Organization Details
Founding Year
2000
Phone
(917) 262-1159Principal Officer
Lori Donza
Main Address
8 HENDERSON DRIVE, WEST CALDWELL, NJ, 07006
Website
www.tikvaodessa.orgNTEE Category
Code: B99 - Education
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