Overview
What is Beth Medrash Govoha Of Lakewood Inc?
Beth Medrash Govoha of Lakewood Inc is a nonprofit organization that primarily serves other charitable organizations. Their main objectives involve providing financial assistance through grants, leasing facilities, and offering maintenance support staff to these organizations. By offering these services, they aim to contribute positively to the broader nonprofit sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Beth Medrash Govoha Of Lakewood Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 72%. This score is solely based on the Accountability & Finance beacon, indicating a need for improvement in financial health despite some strong governance practices.
The organization demonstrates strengths in board independence, with 100% of board members being independent, and it has established comprehensive policies for conflict of interest, whistleblower protection, and document retention. Additionally, its program expense ratio is notable, with 99.79% of expenditures directed toward programs. These factors suggest a commitment to transparency and responsible governance.
However, the charity faces challenges regarding its financial sustainability, particularly indicated by a liabilities-to-assets ratio of 124.28%, which raises concerns about its financial stability. Furthermore, the board size's lack of independent members impacts the overall governance score. Addressing these issues could enhance its overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Beth Medrash Govoha Of Lakewood Inc legitimate?
Beth Medrash Govoha Of Lakewood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beth Medrash Govoha Of Lakewood 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: $2,941,206
For more financial information, click here
What is the mission statement of Beth Medrash Govoha Of Lakewood Inc?
Beth Medrash Govoha of Lakewood Inc. is dedicated to serving non-profit organizations. They achieve this mission by offering various services, such as providing financial aid through grants, leasing facilities, and offering maintenance staff support. This institution aims to assist these organizations in their operations, thereby contributing to their collective impact in their respective fields.
What is the revenue of Beth Medrash Govoha Of Lakewood Inc?
Beth Medrash Govoha Of Lakewood Inc's revenue in 2023 was $5,217,787.
Who are the executives of Beth Medrash Govoha Of Lakewood Inc and what are their salaries?
The average compensation at Beth Medrash Govoha Of Lakewood Inc during 2023 was $46,686. There are 63 employees at Beth Medrash Govoha Of Lakewood Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $143,966
- Other: $76,822
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beth Medrash Govoha Of Lakewood Inc?
Beth Medrash Govoha Of Lakewood Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Beth Medrash Govoha Of Lakewood Inc
Beth Medrash Govoha Of Lakewood Inc, a non-profit organization, is committed to serving its fellow non-profit entities. Its primary objective is twofold: providing financial assistance through grants and offering practical support through facility leasing and maintenance services. By offering these services, the institution aims to strengthen and empower other non-profit organizations in their respective missions. The institution's role is one of collaboration and support, enabling these organizations to focus on their primary objectives while benefiting from the resources provided by Beth Medrash Govoha Of Lakewood Inc.
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Impact
October, 2024
Beth Medrash Govoha Of Lakewood Inc plays a crucial role in strengthening the nonprofit sector within its community. By offering financial support through grants, it enables various organizations to further their missions and expand their services. Additionally, by leasing facilities and ensuring high-quality maintenance, it helps create an infrastructure that supports educational initiatives and other nonprofit activities. This multifaceted approach not only enhances operational capabilities but also fosters collaboration among nonprofits, ultimately contributing to a more vibrant and effective community service landscape in Lakewood, NJ.
This information is meant to be a general summary of Beth Medrash Govoha Of Lakewood 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 2023.
- Program Service Revenue: $5,029,404
- Gross Receipts: $5,217,787
Assets and Liabilities:
- Total Assets: $13,414,659
- Total Liabilities: $16,672,912
- Net Assets: -$3,258,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTAINANCE PAYROLL REIMBURS
Revenue
$3,197,004
LEASE INCOME
Revenue
$1,832,400
Organization Details
Principal Officer
Yitzchok S Kotler
NTEE Category
Code: B20 - Education
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