Overview
What is Alef Fund Inc?
Alef Fund Inc, based in Atlanta, Georgia, is a nonprofit organization dedicated to supporting children's education. They provide scholarship funds to 783 students attending eighteen Jewish day schools in Georgia, adhering to specific state regulations. The primary mission of Alef Fund is to offer scholarships to eligible students from low to middle-income families who wish to attend Jewish schools. Their goal is to enhance the accessibility and affordability of Jewish education in the state. The organization strives to raise as much money as possible to make these scholarships easily accessible to those in need.
Official website here: www.aleffund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Alef Fund Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates a strong commitment to accountability and finance, there are areas that require improvement. The charity's accountability score is notably high at 72%, reflecting practices such as having a fully independent board and robust financial oversight. The organization has shown commendable policies in place for conflict of interest and whistleblower protections.
Despite these strengths, Alef Fund Inc faces significant challenges in financial ratios. The charity struggles with its liabilities to assets ratio and fundraising efficiency, both of which received low scores. The substantial ratio of program expenses indicates effective allocation of funds towards its mission, but the lack of working capital raises concerns about the organization's long-term sustainability and ability to fundraise effectively.
Overall, while Alef Fund Inc is transparent and well-managed in its governance, its financial health presents limitations that potential donors should consider. Improved fundraising strategies and better management of liabilities could enhance the organization's overall effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Alef Fund Inc legitimate?
Alef Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alef Fund 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.aleffund.org
What is the mission statement of Alef Fund Inc?
Alef Fund Inc's mission is centered around providing financial aid in the form of scholarships to students from low to middle-income families. This aid is intended for pre-kindergarten to secondary school students who wish to attend Jewish schools within Georgia. The guiding principle of Alef Fund's work is to enhance the affordability of Jewish education by providing scholarships to eligible students. The organization aims to raise as much funds as possible and make it easily accessible to those in need.
Official website here: www.aleffund.org
Who is the CEO of Alef Fund Inc?
Renee Kutner is the President of Alef Fund Inc.
Official website here: www.aleffund.org
What is the revenue of Alef Fund Inc?
Alef Fund Inc's revenue in 2022 was $6,194,898.
Official website here: www.aleffund.org
Who are the executives of Alef Fund Inc and what are their salaries?
There 9 volunteers at Alef Fund Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aleffund.org
Where can I find the form 990 for Alef Fund Inc?
Alef Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aleffund.org
Learn more at the official website: www.aleffund.org
Mission Statement of Alef Fund Inc
Alef Fund Inc, a nonprofit organization, is committed to providing scholarships for eligible students from low to middle-income families who wish to attend Jewish schools in Georgia. The guiding principle of Alef's work is to improve the affordability of Jewish education by awarding scholarships to qualified students. Alef Fund Inc aims to raise as much money as possible and make it easily accessible to those who need it, with the ultimate goal of expanding the reach of Jewish education in the state. By providing scholarships, this organization seeks to support families who might otherwise be unable to afford the cost of Jewish education, thereby ensuring that children have access to a religious and cultural education.
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
October, 2024
Alef Fund Inc has made a significant impact in the Atlanta area by providing financial assistance for Jewish education. The organization supports 783 students across eighteen Jewish day schools in Georgia, enabling them to access quality education that aligns with their cultural and religious values. By offering scholarships to pre-kindergarten through secondary school students from low to middle-income families, Alef Fund Inc plays a crucial role in making Jewish education more affordable and accessible.
The initiative addresses the critical need for affordable educational options within the Jewish community, thereby fostering a sense of identity and continuity among young students. By alleviating the financial burden of tuition costs, Alef Fund Inc not only empowers families to choose Jewish schooling but also promotes the overall growth and sustainability of Jewish education in the region. The organization's commitment to raising funds and making them available to those in need illustrates its dedication to enhancing educational opportunities and preserving Jewish heritage for future generations.
This information is meant to be a general summary of Alef Fund 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.
- Investment Income: $1,412
- Gross Receipts: $6,194,898
Assets and Liabilities:
- Total Assets: $10,107,377
- Total Liabilities: $9,785,858
- Net Assets: $321,519
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2008
Phone
(404) 870-1635Principal Officer
Renee Kutner
Main Address
1440 SPRING STREET NW, ATLANTA, GA, 303092837
Website
www.aleffund.orgNTEE Category
Code: B82 - Education
If you are a representative of Alef Fund 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.