Overview
What is Bais Medrash Toras Chesed Inc?
Bais Medrash Toras Chesed Inc is a nonprofit organization situated in Lakewood, New Jersey. Its primary focus is operating and sustaining a college-level educational institution, offering post-secondary education in Talmudic and rabbinical studies. This institution serves as a learning platform for students, fostering their knowledge and understanding in these religious disciplines.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Bais Medrash Toras Chesed Inc has earned a Three-Star rating from Charity Navigator, indicating a reliable level of accountability and finance management. The overall score reflects a strong commitment to governance and operational transparency, with a perfect score in several key areas, including the majority of independent board members and the absence of any material diversion of assets.
The organization demonstrates effective financial management, boasting an impressive program expense ratio of 89.36%, suggesting that a significant portion of its resources is directed toward its charitable activities. The presence of comprehensive policies, including conflict of interest and whistleblower protections, further enhances its credibility and trustworthiness.
However, the score is solely based on accountability and finance metrics, leaving out other performance metrics such as impact or outcomes from their programs. While the financial health appears solid, potential donors may seek additional information regarding the effectiveness and reach of the charity's initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Bais Medrash Toras Chesed Inc legitimate?
Bais Medrash Toras Chesed Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bais Medrash Toras Chesed 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: $75,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $444,853
For more financial information, click here
What is the mission statement of Bais Medrash Toras Chesed Inc?
Bais Medrash Toras Chesed Inc is dedicated to managing and upholding a higher education institution that focuses on the teaching of Talmudic and rabbinical studies. The organization's primary objective is to offer post-secondary education to its students, fostering an environment for the exploration and mastery of these disciplines. By maintaining this educational institution, Bais Medrash Toras Chesed Inc contributes to the continued study and understanding of these religious and scholarly subjects.
Who is the CEO of Bais Medrash Toras Chesed Inc?
Nathan Stein is the President of Bais Medrash Toras Chesed Inc.
What is the revenue of Bais Medrash Toras Chesed Inc?
Bais Medrash Toras Chesed Inc's revenue in 2022 was $2,241,103.
Who are the executives of Bais Medrash Toras Chesed Inc and what are their salaries?
The average compensation at Bais Medrash Toras Chesed Inc during 2022 was $20,795. There are 25 employees and 4 volunteers at Bais Medrash Toras Chesed Inc.
Here are 6 key members and their salaries:
- Compensation: $47,320
- Related: $0
- Other: $0
- Compensation: $27,692
- Related: $0
- Other: $0
- 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 Bais Medrash Toras Chesed Inc?
Bais Medrash Toras Chesed Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bais Medrash Toras Chesed Inc
Bais Medrash Toras Chesed Inc is committed to operating and maintaining a higher education institution, specializing in the teaching of Talmudic and rabbinical studies. This nonprofit organization serves as a hub for post-secondary education, focusing on these specific fields. By providing an academic environment, Bais Medrash Toras Chesed Inc aims to cultivate knowledge and understanding in its students, fostering their growth in the realms of Talmudic and rabbinical studies.
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Impact
October, 2024
Bais Medrash Toras Chesed Inc significantly impacts the community by providing a rigorous educational program focused on Talmudic and rabbinical studies. By operating as a college-level institution, it fosters a deep understanding of Jewish texts and traditions among its students. Located in Lakewood, NJ, the institution serves as a vital resource for individuals seeking advanced knowledge in religious studies, helping to cultivate a new generation of scholars and leaders within the Jewish community.
Through its educational offerings, Bais Medrash Toras Chesed not only enhances individual learning but also strengthens communal ties by ensuring that important religious teachings and values are preserved and passed on. The institution plays a role in community cohesion, encouraging students to engage with one another and collaborate in their studies. Overall, its emphasis on education in Talmudic and rabbinical matters contributes to the spiritual and intellectual growth of its participants and the broader Jewish community.
This information is meant to be a general summary of Bais Medrash Toras Chesed 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: $1,345,595
- Gross Receipts: $2,241,103
Assets and Liabilities:
- Total Assets: $2,564,016
- Total Liabilities: $76,449
- Net Assets: $2,487,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
POST SECONDARY EDUCATION
Revenue
$1,345,595
Organization Details
Founding Year
1999
Phone
(732) 364-1220Principal Officer
Nathan Stein
Main Address
910 MONMOUTH AVE, LAKEWOOD, NJ, 08701
NTEE Category
Code: B25 - Education
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