Overview
What is Bnot Chaya Academy Corp?
Bnot Chaya Academy Corp is a nonprofit organization situated in Brooklyn, New York, specifically at 2935 Nostrand Avenue. Their primary focus is to cater to the needs of at-risk teenage girls who may have been overlooked in other educational settings. By providing both academic and social education, the academy aims to uncover new potential within these young individuals, thereby setting the stage for new beginnings and the development of productive adult lives. With a dedicated workforce of 25 employees, Bnot Chaya Academy Corp is committed to making a positive impact in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 64%)
Bnot Chaya Academy Corp has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in various aspects of its operations. The overall score of 64% reflects a strong commitment to accountability and finance, particularly notable is its high program expense ratio of 99.37%, suggesting that the majority of its funds are directed toward its programs rather than administrative costs.
Despite these strengths, there are significant concerns regarding the organization’s financial stability, as evidenced by its liabilities to assets ratio of 116.78%, which raises red flags regarding its financial health. Additionally, the nonprofit has not made its tax form available on its website, which is a requirement that impacts transparency and accountability to donors and the public.
On a positive note, Bnot Chaya Academy Corp demonstrates robust governance practices, with a fully independent board, a conflict of interest policy, and documented board meeting minutes. However, the organization will need to address its financial ratios and improve transparency to enhance its rating and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bnot Chaya Academy Corp legitimate?
Bnot Chaya Academy Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bnot Chaya Academy Corp 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: $76,251
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,907
For more financial information, click here
What is the mission statement of Bnot Chaya Academy Corp?
Bnot Chaya Academy Corp's mission is centered around addressing the needs of at-risk teenage girls. They provide both academic and social education to these girls who may have been overlooked. The organization aims to unlock their potential, offering the opportunity for new beginnings. This holistic approach allows these girls to develop into capable adults, contributing positively to society. The Academy's mission is to transform the lives of these young women, equipping them with the necessary skills for a productive future.
Who is the CEO of Bnot Chaya Academy Corp?
Steven Wallerstein is the President of Bnot Chaya Academy Corp.
What is the revenue of Bnot Chaya Academy Corp?
Bnot Chaya Academy Corp's revenue in 2022 was $1,039,326.
Who are the executives of Bnot Chaya Academy Corp and what are their salaries?
The average compensation at Bnot Chaya Academy Corp during 2022 was $15,966. There are 25 employees and 5 volunteers at Bnot Chaya Academy Corp.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $76,251
- Related: $0
- Other: $0
Where can I find the form 990 for Bnot Chaya Academy Corp?
Bnot Chaya Academy Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bnot Chaya Academy Corp
Bnot Chaya Academy Corp is dedicated to addressing the needs of at-risk teenage girls who have been left behind. Their mission is to provide both academic and social education to these young women, aiming to unlock their potential and facilitate new beginnings in their lives. By doing so, the academy seeks to help these girls transform into productive adults. The organization's primary goal is to provide a supportive environment where these girls can develop the skills and confidence necessary to navigate their future with resilience and determination.
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Impact
October, 2024
Bnot Chaya Academy Corp significantly impacts the lives of teenage at-risk girls by addressing their academic and social needs. The academy provides tailored educational programs that empower these young women, who might otherwise be overlooked, equipping them with the skills and knowledge necessary for personal growth and success. By creating an environment conducive to learning and development, Bnot Chaya Academy fosters new potential and opportunities, enabling these girls to aspire to productive futures.
The focus on both academic education and social education means that the students receive comprehensive support, equipping them not just with academic knowledge but also with essential life skills. This holistic approach cultivates resilience, confidence, and a sense of community, ultimately helping to transform the trajectories of these young women's lives. The impact extends beyond individual students, as empowered young women contribute positively to their families and communities, fostering a cycle of growth and opportunity.
This information is meant to be a general summary of Bnot Chaya Academy Corp. 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: $323,120
- Gross Receipts: $1,039,326
Assets and Liabilities:
- Total Assets: $489,611
- Total Liabilities: $571,773
- Net Assets: -$82,162
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Organization Details
Founding Year
2008
Phone
(718) 375-7506Principal Officer
Steven Wallerstein
Main Address
2935 NOSTRAND AVENUE, BROOKLYN, NY, 11229
NTEE Category
Code: B25 - Education
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