Overview
What is American Friends Of Merkaz Chasidei Viznitz Inc?
American Friends Of Merkaz Chasidei Viznitz Inc is a nonprofit organization situated in Brooklyn, New York. The primary aim of this organization is to advocate for the significance of formal education at esteemed academic institutions, such as yeshivas, kollels, and graduate programs at accredited universities. They extend their support financially to various charitable causes and entities recognized under IRS Section 501 C 3. Additionally, American Friends Of Merkaz Chasidei Viznitz Inc offers loans to other nonprofit organizations to help them accomplish their objectives and achieve their mission in aiding similar causes within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
American Friends of Merkaz Chasidei Viznitz Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization scores 82% overall, with the rating derived exclusively from its Accountability & Finance metrics, reflecting a strong commitment to transparency and responsible financial practices.
The organization boasts a fully independent board, demonstrating effective governance with 100% of its board members being independent. Additionally, it has a high program expense ratio of 98.20%, suggesting that a significant majority of its expenditures are directed toward its mission-related activities. The organization also excels in maintaining thorough financial oversight, as evidenced by its complete score in areas such as audit and oversight committee evaluation.
Despite the positive aspects, the overall rating is solely based on financial metrics, and there may be limited insight into the impact of the organization's programs and services. While the charity appears to manage its finances effectively, potential donors may seek further information about the organization's on-the-ground effectiveness and program outcomes to fully assess its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Merkaz Chasidei Viznitz Inc legitimate?
American Friends Of Merkaz Chasidei Viznitz Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Merkaz Chasidei Viznitz 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
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What is the mission statement of American Friends Of Merkaz Chasidei Viznitz Inc?
American Friends of Merkaz Chasidei Viznitz Inc aims to underline the significance of pursuing formal education at academic institutions such as yeshivas, kollels, and graduate programs at accredited universities. The organization provides financial assistance to charitable causes and other entities recognized under IRS Section 501 C 3. Additionally, it offers loans to non-profit organizations to aid them in accomplishing their purpose and mission within their respective communities, contributing to similar causes. The organization's activities are focused on promoting education and supporting charitable causes within the community.
Who is the CEO of American Friends Of Merkaz Chasidei Viznitz Inc?
Chaim Meir Adler is the Vice Preside of American Friends Of Merkaz Chasidei Viznitz Inc.
What is the revenue of American Friends Of Merkaz Chasidei Viznitz Inc?
American Friends Of Merkaz Chasidei Viznitz Inc's revenue in 2021 was $1,000,669.
Who are the executives of American Friends Of Merkaz Chasidei Viznitz Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Friends Of Merkaz Chasidei Viznitz Inc?
American Friends Of Merkaz Chasidei Viznitz Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of American Friends Of Merkaz Chasidei Viznitz Inc
American Friends of Merkaz Chasidei Viznitz Inc is dedicated to advocating for the significance of pursuing formal education at esteemed institutions such as yeshivas, kollels, and graduate programs at accredited universities. The organization aims to offer financial assistance to charitable causes and other entities that fall under IRS Section 501 C 3. Furthermore, American Friends of Merkaz Chasidei Viznitz Inc extends loans to other non-profit organizations to aid them in achieving their objectives and fulfilling their mission to support similar causes within the community. By promoting the value of formal education and providing financial support, this organization aims to contribute positively to various charitable causes and further the impact of like-minded organizations within the community.
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Impact
October, 2024
American Friends Of Merkaz Chasidei Viznitz Inc significantly impacts the community by promoting formal education through various academic institutions, including yeshivas, kollels, and accredited universities. By emphasizing the importance of these educational pathways, the organization fosters a culture of learning and academic achievement within the community.
Providing financial support to charitable causes enhances the resources available for educational programs and initiatives, which in turn enables more individuals to pursue their academic and spiritual development. Additionally, by offering loans to other nonprofit organizations, the organization strengthens collaborative efforts that focus on similar missions, facilitating a network of support that benefits various charitable endeavors.
Through these actions, American Friends Of Merkaz Chasidei Viznitz Inc contributes to the educational and cultural enrichment of the community, empowering individuals and organizations alike to pursue their goals and missions effectively.
This information is meant to be a general summary of American Friends Of Merkaz Chasidei Viznitz 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 2021.
- Gross Receipts: $1,000,669
Assets and Liabilities:
- Total Assets: $296,242
- Total Liabilities: $3,350
- Net Assets: $292,892
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Organization Details
Phone
(718) 799-6703Principal Officer
Chaim Meir Adler
Main Address
285 LEE AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: Q112 - International
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