Overview
What is Machon L'Choson Mishpat Inc?
Machon L'Choson Mishpat Inc is a nonprofit organization based in Brooklyn, New York, with a mission to raise awareness, educate, and provide services in the field of Jewish business law. Their purpose is to bridge the gap between modern business practices and Halacha, a set of Jewish ethical guidelines, particularly in areas like finance, contracts, conveyance, and dispute resolution. With a team of nine individuals, they aim to make the population aware of the applicability of Halacha in everyday business matters and its potential to coexist and thrive with modern business practices. They operate under the name Business Halacha Institute.
Official website here: www.machonmishpat.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Machon L'Choson Mishpat Inc has received a low rating of 58%, which classifies it with a One-Star designation, largely due to its Accountability & Finance score. This score reveals significant weaknesses in financial transparency, specifically in the areas of financial statements and liabilities to assets ratio, where the organization scored poorly. Conversely, it does exhibit strengths such as having a fully independent board and maintaining various policies like conflict of interest.
The charity's performance in governance is commendable, with all board members being independent and the board size meeting expectations. However, concerns are raised by its lack of transparency concerning financial documentation, as evidenced by zero points in critical areas like posting tax forms on its website and having a whistleblower policy.
In summary, while Machon L'Choson Mishpat Inc demonstrates good governance practices, its overall financial accountability raises concerns. Prospective donors and supporters may want to consider these limitations alongside the charity’s strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Machon L'Choson Mishpat Inc legitimate?
Machon L'Choson Mishpat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Machon L'Choson Mishpat 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: $195,541
For more financial information, click here
Official website here: www.machonmishpat.com
What is the mission statement of Machon L'Choson Mishpat Inc?
Machon L'Choson Mishpat Inc was established with the primary objective of increasing awareness and education about Jewish business law. Specifically, they aim to highlight the relevance of Halacha, Jewish law, in relation to various business matters, both domestically and in the workplace, such as finance, contracts, conveyance, and dispute resolution. The organization recognizes a lack of understanding or misconceptions about this topic, even among laypeople and practicing professionals. Their mission is to enlighten the population on the applicability of Halacha in everyday business affairs and to promote the harmonious coexistence and thriving of modern business and Jewish law.
Official website here: www.machonmishpat.com
Who is the CEO of Machon L'Choson Mishpat Inc?
Rabbi Otto Cohen is the Dean of Machon L'Choson Mishpat Inc.
Official website here: www.machonmishpat.com
What is the revenue of Machon L'Choson Mishpat Inc?
Machon L'Choson Mishpat Inc's revenue in 2022 was $592,057.
Official website here: www.machonmishpat.com
Who are the executives of Machon L'Choson Mishpat Inc and what are their salaries?
The average compensation at Machon L'Choson Mishpat Inc during 2022 was $21,727. There are 9 employees at Machon L'Choson Mishpat Inc.
Here are 3 key members and their salaries:
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.machonmishpat.com
Where can I find the form 990 for Machon L'Choson Mishpat Inc?
Machon L'Choson Mishpat Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.machonmishpat.com
Learn more at the official website: www.machonmishpat.com
Mission Statement of Machon L'Choson Mishpat Inc
Machon L'Choson Mishpat Inc, a nonprofit organization, was established with the mission to raise awareness, educate, and provide related services in the field of Jewish business law. The organization recognizes a gap in the understanding and application of Halacha, Jewish law, in relation to business matters, both domestically and in the office, among both laypeople and practicing professionals. Their purpose is to enlighten the population about the relevance of Halacha to everyday business dealings, such as finance, contracts, conveyance, and dispute resolution. Machon L'Choson Mishpat Inc aims to demonstrate how modern business and Halacha can coexist and thrive, bridging the gap between the two worlds.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Machon L'Choson Mishpat Inc has had a significant impact on raising awareness and educating individuals in the field of Jewish business law. By shedding light on the applicability of Halacha to everyday business matters, the organization has helped bridge the gap in understanding and practice among both laypeople and professionals. Through its services, Machon has facilitated the coexistence and thriving of modern business practices with Halacha, thereby enriching the understanding and application of Jewish principles in the business world.
This information is meant to be a general summary of Machon L'Choson Mishpat 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: $42,307
- Gross Receipts: $592,057
Assets and Liabilities:
- Total Assets: $74,451
- Total Liabilities: $77,292
- Net Assets: -$2,841
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BAIS DIN
Revenue
$42,307
Organization Details
Phone
(877) 845-8455Principal Officer
Rabbi Otto Cohen
Main Address
3673 BEDFORD AVENUE, BROOKLYN, NY, 11229
Website
www.machonmishpat.comNTEE Category
Code: X30 - Religion related
If you are a representative of Machon L'Choson Mishpat Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.