Overview
What is American Friends Of Yeshiva Gedolah Matisyahu Inc?
American Friends of Yeshiva Gedolah Matisyahu Inc is a nonprofit organization situated in Baltimore, Maryland. Their primary mission is to provide financial assistance in the form of scholarships and grants to students hailing from the United States who are studying at Yeshivas Gedolah Matisyahu situated in Israel. By offering these scholarships, they aim to support the educational journey of these students, thereby contributing to their overall development.
Official website here: www.ygm.co.il
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 40% (Zero-Star out of Four Star rating)
American Friends Of Yeshiva Gedolah Matisyahu Inc has received a low rating of 40% from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The charity has no independent board members, which raises questions about governance and oversight. Furthermore, essential policies, such as conflict of interest and whistleblower policies, are missing, contributing to the overall lack of transparency.
On a more positive note, the organization has shown a high program expense ratio of 99.44%, suggesting that nearly all its expenses are directed toward its programs. However, its fundraising efficiency is extremely low at $0.01, which may indicate challenges in raising funds effectively. Additionally, the charity's liabilities far exceed its assets, reflected in a ratio of 231.60%, pointing to potential financial instability.
Overall, while the charity appears to prioritize its programmatic activities, the absence of a robust governance framework and financial sustainability issues are significant limitations. Potential donors and stakeholders should exercise caution and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Yeshiva Gedolah Matisyahu Inc legitimate?
American Friends Of Yeshiva Gedolah Matisyahu Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Yeshiva Gedolah Matisyahu 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: $0
For more financial information, click here
Official website here: www.ygm.co.il
What is the mission statement of American Friends Of Yeshiva Gedolah Matisyahu Inc?
American Friends of Yeshiva Gedolah Matisyahu Inc's mission is centered around providing financial aid in the form of scholarships and grants. This organization specifically focuses on supporting students from the United States who are pursuing their education at Yeshivas Gedolah Matisyahu in Israel. By offering these scholarships, the organization aims to make higher education more accessible to these students, thereby contributing to their academic growth and success.
Official website here: www.ygm.co.il
Who is the CEO of American Friends Of Yeshiva Gedolah Matisyahu Inc?
Jacob A Frydman is the Principal Officer of American Friends Of Yeshiva Gedolah Matisyahu Inc.
Official website here: www.ygm.co.il
What is the revenue of American Friends Of Yeshiva Gedolah Matisyahu Inc?
American Friends Of Yeshiva Gedolah Matisyahu Inc's revenue in 2022 was $5,007,618.
Official website here: www.ygm.co.il
Who are the executives of American Friends Of Yeshiva Gedolah Matisyahu Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.ygm.co.il
Where can I find the form 990 for American Friends Of Yeshiva Gedolah Matisyahu Inc?
American Friends Of Yeshiva Gedolah Matisyahu Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ygm.co.il
Learn more at the official website: www.ygm.co.il
Mission Statement of American Friends Of Yeshiva Gedolah Matisyahu Inc
American Friends of Yeshiva Gedolah Matisyahu Inc is an organization dedicated to granting scholarships and financial aid to students hailing from the United States, who are pursuing their studies at Yeshivas Gedolah Matisyahu in Israel. The mission of this nonprofit is centered around providing financial assistance, enabling these students to continue their educational journey without the burden of financial constraints. By offering scholarships and grants, American Friends of Yeshiva Gedolah Matisyahu Inc aims to support the academic aspirations of these students, fostering their personal and intellectual growth. The organization's efforts contribute to the broader goal of nurturing a generation of well-educated and motivated individuals, who can make significant contributions to their communities and society at large.
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Impact
October, 2024
American Friends of Yeshiva Gedolah Matisyahu Inc plays a significant role in facilitating educational opportunities for students from the United States who wish to study at Yeshivas Gedolah Matisyahu in Israel. By providing scholarships and grants, the organization alleviates the financial burden associated with pursuing higher religious education abroad.
This support not only promotes academic and spiritual growth among students but also strengthens the cultural and religious connections between the United States and Israel. The scholarships enable deserving individuals to immerse themselves in a rigorous educational environment, focusing on Jewish studies and values, which has a lasting impact on their personal and communal lives.
In essence, the organization's efforts contribute to the development of future leaders within the Jewish community, fostering an educated and engaged populace that can uphold and advance their traditions and values. By investing in these students, American Friends of Yeshiva Gedolah Matisyahu Inc amplifies the significance of educational pursuits within the Jewish community, ensuring that the legacy of learning continues to thrive.
This information is meant to be a general summary of American Friends Of Yeshiva Gedolah Matisyahu 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: $1,449,760
- Gross Receipts: $5,009,376
Assets and Liabilities:
- Total Assets: $190,900
- Total Liabilities: $442,132
- Net Assets: -$251,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
School Program
Revenue
$1,449,760
Organization Details
Founding Year
2007
Phone
(410) 982-6295Principal Officer
Jacob A Frydman
Main Address
2833 Smith Avenue 403, Baltimore, MD, 21209
Website
www.ygm.co.ilNTEE Category
Code: B82 - Education
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