Overview
What is Chicago Mikvah Association Inc?
Chicago Mikvah Association Inc is a nonprofit organization situated in Chicago, Illinois, specifically at 6713 N Francisco. Their primary objective is to preserve ritualarium facilities for religious purposes solely, as well as for adult education. The association's mission revolves around maintaining these religious facilities, which are utilized exclusively for religious rituals. With a team of 29 dedicated individuals, Chicago Mikvah Association Inc contributes to the religious community by providing a space for spiritual practices and education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
The Chicago Mikvah Association Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization scored well in some areas, such as having a fully independent board and a high program expense ratio, which suggests a strong commitment to its mission. However, the overall score reflects significant weaknesses in financial transparency, including missing financial statements and several governance policies.
Strengths of the organization include its 100% independent board members and a low liabilities to assets ratio, which is a positive indicator of financial health. Additionally, the program expense ratio of nearly 90% indicates that a substantial portion of its funds is directed towards its programs rather than administrative costs. This is a favorable aspect that reflects a focus on delivering services.
Conversely, the lack of financial statements and missing governance policies, such as a conflict of interest policy and a whistleblower policy, are notable limitations. These missing components could affect the organization’s overall transparency and accountability, which are crucial for donor trust and engagement. Addressing these issues could help improve the organization's rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Mikvah Association Inc legitimate?
Chicago Mikvah Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Mikvah Association 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $168,354
For more financial information, click here
What is the mission statement of Chicago Mikvah Association Inc?
The Chicago Mikvah Association Inc's primary mission is centered around maintaining ritualarium facilities for religious purposes. In addition to this, they also engage in adult education activities. The organization's main focus is to ensure these facilities remain functional and conducive for religious observances. Furthermore, the adult education programs aim to enrich the understanding and practice of religious traditions.
Who is the CEO of Chicago Mikvah Association Inc?
Yitzchok Broyde is the Secretary & Director of Chicago Mikvah Association Inc.
What is the revenue of Chicago Mikvah Association Inc?
Chicago Mikvah Association Inc's revenue in 2023 was $987,047.
Who are the executives of Chicago Mikvah Association Inc and what are their salaries?
The average compensation at Chicago Mikvah Association Inc during 2023 was $7,529. There are 29 employees and 25 volunteers at Chicago Mikvah Association Inc.
Here are 4 key members and their salaries:
- Compensation: $50,000
- 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 Chicago Mikvah Association Inc?
Chicago Mikvah Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chicago Mikvah Association Inc
Chicago Mikvah Association Inc is dedicated to maintaining ritualarium facilities that serve a religious purpose. Their mission encompasses the upkeep and maintenance of these sacred spaces, ensuring they remain functional and available for religious practices. Additionally, the organization offers opportunities for adult education within these facilities. By providing a sanctuary for religious observance and promoting educational growth, Chicago Mikvah Association Inc contributes to the spiritual and intellectual development of its community.
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Impact
October, 2024
The Chicago Mikvah Association Inc plays a crucial role in maintaining ritualarium facilities essential for religious practices in the Jewish community. By providing and upkeeping these facilities, they support the observance of critical traditions, such as the ritual of immersion in a mikveh, which is significant for spiritual cleansing and purity.
In addition to facilitating these religious practices, the Association also focuses on adult education, enhancing the understanding and appreciation of these traditions within the community. This educational component fosters a deeper connection to faith and promotes community engagement, ensuring that cultural and religious values are passed on to future generations.
Located in Chicago, the Association serves as a vital resource for those seeking to uphold their religious commitments, positively impacting both individual spiritual journeys and the broader community's cultural fabric. Through their dedicated efforts, they contribute to the vibrancy and continuity of Jewish life in the area.
This information is meant to be a general summary of Chicago Mikvah Association 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.
- Investment Income: $39
- Program Service Revenue: $271,866
- Gross Receipts: $987,047
Assets and Liabilities:
- Total Assets: $2,019,002
- Total Liabilities: $404,457
- Net Assets: $1,614,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RITULARIUM SERVICE FEE
Revenue
$271,866
Organization Details
Founding Year
1974
Phone
(773) 844-7003Principal Officer
Yitzchok Broyde
Main Address
6713 N FRANCISCO, CHICAGO, IL, 60645
NTEE Category
Code: X11 - Religion related
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