Overview
What is The Temple-Tifereth Israel Foundation?
The Temple-Tifereth Israel Foundation is a charitable and religious nonprofit organization situated in Beachwood, Ohio. Its primary mission is to uphold and manage endowment funds, as well as other contributions, for the benefit of The Temple-Tifereth Israel, commonly known as "The Temple." The foundation's primary activity involves preserving and prudently managing these funds, periodically distributing a portion of their income and/or appreciation to support the temple's operations. This nonprofit aims to contribute to the temple's charitable and religious purposes, ensuring its continued growth and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Temple-Tifereth Israel Foundation has received a solid rating based entirely on its accountability and finance practices, which score 80%. This rating indicates that the organization is effectively managing its financial resources and adhering to necessary governance standards. The foundation boasts an impressive majority of independent board members and has no reported material diversion of assets, highlighting its commitment to transparency and ethical management.
Strengths include a high program expense ratio of 93.82%, which suggests that a significant portion of its funding is directed towards its programs rather than administrative costs. The organization has also implemented strong conflict of interest policies and maintains thorough documentation of board meeting minutes. However, it does lack a whistleblower policy and document retention policies, which are factors that contribute to its overall score and may be areas for improvement.
Overall, the Temple-Tifereth Israel Foundation demonstrates a strong commitment to accountability and financial health, though it could strengthen its governance by addressing the missing policies. This makes it a reliable choice for donors looking to support a nonprofit with responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Temple-Tifereth Israel Foundation legitimate?
The Temple-Tifereth Israel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Temple-Tifereth Israel Foundation 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: $49,917
For more financial information, click here
What is the mission statement of The Temple-Tifereth Israel Foundation?
The Temple-Tifereth Israel Foundation's mission is centered around furthering charitable and religious purposes. It accomplishes this by conducting activities for the benefit of and performing the functions of The Temple. The primary role of the foundation involves holding and investing endowment funds and other contributions made for the benefit of The Temple. The funds are then distributed to The Temple for specific uses. The foundation's primary activity is the preservation, prudent management, and periodic distributions of a prudent amount of the income and/or appreciation from past and future contributions made for endowment purposes to support The Temple.
Who is the CEO of The Temple-Tifereth Israel Foundation?
August Napoli is the Executive Director of The Temple-Tifereth Israel Foundation.
What is the revenue of The Temple-Tifereth Israel Foundation?
The Temple-Tifereth Israel Foundation's revenue in 2023 was $183,110.
Who are the executives of The Temple-Tifereth Israel Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Temple-Tifereth Israel Foundation?
The Temple-Tifereth Israel Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Temple-Tifereth Israel Foundation
The Temple-Tifereth Israel Foundation is dedicated to advancing charitable and religious objectives. Its primary role is to support The Temple, a distinct entity, by managing and investing endowment funds and other contributions made for its benefit. The foundation's primary activity involves the preservation, prudent management, and periodic distribution of a reasonable portion of the income and appreciation generated from these contributions. This strategic approach aims to ensure the continued support of The Temple, thereby contributing to its overall mission and objectives.
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Impact
October, 2024
The Temple-Tifereth Israel Foundation plays a vital role in supporting the charitable and religious endeavors of the Temple-Tifereth Israel in Beachwood, Ohio. By managing and investing endowment funds, the Foundation ensures the long-term financial sustainability of the Temple. Its primary focus is on the preservation and prudent management of these funds, enabling periodic distributions to address the Temple's needs.
Through these efforts, the Foundation enhances the Temple's capacity to conduct activities that benefit the community, fostering religious engagement and charitable outreach. The Foundation's dedication to maintaining and growing financial resources allows the Temple to continue its mission and serve its members effectively.
This information is meant to be a general summary of The Temple-Tifereth Israel Foundation. 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: $99,350
- Gross Receipts: $183,110
Assets and Liabilities:
- Total Assets: $21,533,005
- Total Liabilities: $356,343
- Net Assets: $21,176,662
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Organization Details
Founding Year
2007
Phone
(216) 831-3233Principal Officer
August Napoli
Main Address
26000 SHAKER BOULEVARD, BEACHWOOD, OH, 44122
NTEE Category
Code: X113 - Religion related
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