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Kollel Zichron Avrohom Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270305616 ✦ N miami beach, FL ✦ Designated as a 501(c)(3)

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Overview

What is Kollel Zichron Avrohom Inc?

Kollel Zichron Avrohom Inc, situated in N Miami Beach, Florida, is a nonprofit organization dedicated to two primary objectives. Firstly, they offer support for a Kollel, a Jewish institution where scholars engage in full-time study of the Torah. Secondly, they extend their assistance to various charitable tax-exempt organizations spread throughout the United States. The organization's mission is to foster the study of Jewish religious texts and contribute to charitable causes, thereby promoting a harmonious blend of spiritual growth and social responsibility.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80% (Three-Star out of Four Star rating)

Kollel Zichron Avrohom Inc has achieved an 80% score on Charity Navigator, earning it a Three-Star rating. This score reflects a strong emphasis on accountability and finance, demonstrating a solid commitment to responsible financial practices. The charity excels in areas such as having a fully independent board and a remarkably high program expense ratio, indicating that nearly all funds are allocated directly to its programs.

The organization has notable strengths, including a zero liability to assets ratio and an efficient fundraising model that shows no costs incurred in fundraising efforts. Policies regarding conflicts of interest, whistleblowing, and document retention are all in place, further enhancing its accountability framework. Moreover, the charity's lack of material diversion of assets underscores a commitment to integrity and proper management of resources.

However, there are limitations to consider. The organization did not provide financial statements, which can raise concerns about transparency. Additionally, while it has a majority of independent board members, the overall board size is small, which can impact governance dynamics. These factors could affect the perception of reliability among potential donors or stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Kollel Zichron Avrohom Inc legitimate?

Kollel Zichron Avrohom Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kollel Zichron Avrohom 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

What is the mission statement of Kollel Zichron Avrohom Inc?

Kollel Zichron Avrohom Inc is dedicated to promoting the study of Torah and offering assistance to various charitable causes. The organization extends its support to numerous tax-exempt organizations situated across the United States. Their mission is to encourage and strengthen the pursuit of religious studies, while simultaneously contributing to charitable causes. In essence, Kollel Zichron Avrohom Inc aims to foster spiritual growth and contribute to the betterment of society through its charitable activities.

Who is the CEO of Kollel Zichron Avrohom Inc?

M Shapiro is the Director of Kollel Zichron Avrohom Inc.

What is the revenue of Kollel Zichron Avrohom Inc?

Kollel Zichron Avrohom Inc's revenue in 2022 was $2,730,106.

Who are the executives of Kollel Zichron Avrohom Inc and what are their salaries?


Here are 4 key members and their salaries:


Rabbi M Shapiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr G Klein (Director, Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rabbi A Unger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rabbi A Shapiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kollel Zichron Avrohom Inc?

Kollel Zichron Avrohom Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Kollel Zichron Avrohom Inc

Kollel Zichron Avrohom Inc, a nonprofit organization, is dedicated to supporting and fostering the study of Torah. Its mission extends beyond this religious pursuit, as it also aims to aid numerous charitable tax-exempt organizations across the United States. In essence, Kollel Zichron Avrohom Inc seeks to encourage the pursuit of spiritual knowledge and contribute to the betterment of society through its charitable endeavors.

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Impact




October, 2024

Kollel Zichron Avrohom Inc plays a significant role in promoting the study of Torah by providing support to a Kollel religious study. This initiative fosters a deep engagement with Jewish learning and scholarship, impacting individuals and communities by enhancing their religious education and spiritual growth.

In addition to its focus on Torah study, Kollel Zichron Avrohom Inc extends its influence by supporting various charitable tax-exempt organizations across the United States. This multifaceted approach not only encourages religious study but also addresses social needs, aiding those who rely on charitable assistance. By encouraging scholarship and facilitating charitable contributions, the organization contributes to both the spiritual and social fabric of the community, particularly in Northern Miami Beach, Florida, and beyond. Its mission resonates deeply with individuals seeking to enrich their lives through study and community support, marking Kollel Zichron Avrohom Inc as a vital player in fostering religious and cultural continuity within the Jewish community.




This information is meant to be a general summary of Kollel Zichron Avrohom 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.

Revenue
$2,730,106 (2022)
Expenses
$2,048,309 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $114,946
  • Gross Receipts: $2,730,106

Assets and Liabilities:

  • Total Assets: $9,266,396
  • Total Liabilities: $0
  • Net Assets: $9,266,396

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Organization Details

Founding Year

2009

Principal Officer

M Shapiro

Main Address

1110 NE 170th Street, N Miami Beach, FL, 33162

NTEE Category

Code: X30 - Religion related

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