Overview
What is Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret?
Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret is a nonprofit organization situated in Monsey, New York. Its primary mission involves offering financial aid and grants to recognized, non-profit entities, supporting students engaged in religious studies both in the United States and abroad. This philanthropic organization aims to empower these students by funding programs that cater to their educational needs and aspirations in the realm of religious studies.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)**
Tomchei Torah B'Eretz Yisrael Inc has received a Three-Star rating from Charity Navigator, reflective of its certified accountability and financial practices. The organization scored particularly high in aspects such as having an independent board and ensuring a material diversion of assets has not occurred. However, there are limitations, particularly in the size of the board and missing elements like the website listed on the tax form which affected the overall score.
The nonprofit demonstrates effective financial management, with an impressive program expense ratio of nearly 97%, indicating that a significant portion of its resources is directed towards its mission. Additionally, its fundraising efficiency showcases a minimal cost to raise funds, further emphasizing its commitment to maximizing donor contributions. However, certain scores related to working capital and board size indicate room for improvement.
While user reviews from GreatNonprofits could not be retrieved, the organization's strong financial performance and high accountability ratings suggest it is making a tangible impact, albeit with some governance aspects that may need addressing to enhance overall transparency and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret legitimate?
Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret 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: $120,000
For more financial information, click here
What is the mission statement of Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret?
Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret's mission involves providing financial support and grants to recognized non-profit organizations. This support is aimed at funding programs that assist students in pursuing their religious studies, both in the United States and abroad. The organization's goal is to contribute to the education of individuals seeking spiritual growth, thereby expanding the knowledge and understanding of religious studies on a global scale. By offering financial assistance, Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret facilitates opportunities for students to further their religious studies, ultimately fostering a community that values and promotes religious education.
What is the revenue of Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret?
Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret's revenue in 2023 was $10,717,626.
Who are the executives of Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret and what are their salaries?
There 13 volunteers at Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret.
Here are 4 key members and their salaries:
- Compensation: $120,000
- 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 Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret?
Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret
Tomchei Torah B'Eretz Yisrael Inc, a recognized non-profit entity, is dedicated to providing financial support and grants to other similar organizations. Its mission lies in assisting these entities in offering programs that support students as they delve into their religious studies, both in the United States and abroad. The organization seeks to empower these students by extending its financial aid, thereby enabling these educational institutions to continue their work effectively. By doing so, Tomchei Torah B'Eretz Yisrael Inc plays a significant role in nurturing the religious education of students on a global scale.
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Impact
October, 2024
Tomchei Torah B'Eretz Yisrael Inc plays a crucial role in supporting the educational journey of students pursuing religious studies in both America and abroad. By providing grants and financial support to recognized nonprofit entities, it enables programs that directly serve these students.
This initiative not only alleviates financial burdens but also enhances the quality of religious education by facilitating access to resources, mentorship, and community support. The impact is felt deeply within communities, as students are empowered to focus on their studies and personal growth, resulting in a stronger foundation of religious knowledge and practice.
Additionally, through its contributions, Tomchei Torah B'Eretz Yisrael Inc fosters a network of support that helps sustain and expand educational opportunities, ensuring that individuals committed to religious studies can thrive in their pursuits. This ultimately enriches the broader religious community by cultivating educated and committed individuals who can lead and inspire future generations.
This information is meant to be a general summary of Tomchei Torah B'Eretz Yisrael Inc Tomchei Torah B'Eret. 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.
- Gross Receipts: $10,717,626
Assets and Liabilities:
- Total Assets: $1,085,609
- Total Liabilities: $4,453
- Net Assets: $1,081,156
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Organization Details
Founding Year
2007
Principal Officer
Naftali Perkal
NTEE Category
Code: T30 - Philanthropy
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