Overview
What is Friends Of Hebrew Language Academy Charter Schools Inc?
Friends of Hebrew Language Academy Charter Schools Inc, based in New York City, is a nonprofit organization with a mission to support and uplift Hebrew Language Charter Schools located in Brooklyn and Harlem, New York. During the 2022 fiscal year, they allocated around $6.1 million in operational funds to facilitate classroom space leasing and related repairs and maintenance. This nonprofit was established with the goal of providing financial and technical assistance to enhance the educational and charitable purposes of these schools within New York State.
What are the reviews and ratings of this charity?
Charity Navigator Rating 72% - Two-Star out of Four Star rating
Friends Of Hebrew Language Academy Charter Schools Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The score is derived solely from its accountability and finance metrics, reflecting a commitment to maintaining a transparent operational framework. The charity's strengths include having a fully independent board and solid oversight practices, evidenced by its perfect scores in areas such as conflict of interest policies and audit committees.
However, there are significant limitations noted in the financial aspects of the organization. Specifically, the liabilities to assets ratio raised concerns, scoring poorly and indicating a high level of liabilities in relation to assets. While the organization allocates nearly all of its expenses toward programs, the financial health aspect might warrant closer scrutiny. Overall, while the charity demonstrates strong governance practices, its financial stability could be improved for a better rating.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Hebrew Language Academy Charter Schools Inc legitimate?
Friends Of Hebrew Language Academy Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Hebrew Language Academy Charter Schools 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 Friends Of Hebrew Language Academy Charter Schools Inc?
Friends of Hebrew Language Academy Charter Schools Inc., often referred to as FOHLA, was established with the primary objective of offering financial and technical assistance to enhance the educational and charitable objectives of Hebrew Language Charter Schools in New York State. The organization's mission is to provide support to these schools, thereby contributing to their overall development and educational growth. During the fiscal year ending June 30, 2022, FOHLA disbursed approximately $6,103,030 in programmatic expenses. This funding was utilized to facilitate the leasing of classroom spaces and related repairs and maintenance in Hebrew Language Charter Schools located in Brooklyn, NY, and Harlem, NY. By doing so, FOHLA aims to contribute significantly to the educational journey of these schools and the students they serve.
Who is the CEO of Friends Of Hebrew Language Academy Charter Schools Inc?
Elyse Castellano is the President - Thru June 2022 of Friends Of Hebrew Language Academy Charter Schools Inc.
What is the revenue of Friends Of Hebrew Language Academy Charter Schools Inc?
Friends Of Hebrew Language Academy Charter Schools Inc's revenue in 2022 was $5,881,304.
Who are the executives of Friends Of Hebrew Language Academy Charter Schools Inc and what are their salaries?
There 3 volunteers at Friends Of Hebrew Language Academy Charter Schools Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of Hebrew Language Academy Charter Schools Inc?
Friends Of Hebrew Language Academy Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Hebrew Language Academy Charter Schools Inc
Friends of Hebrew Language Academy Charter Schools, Inc. was established with the primary objective of providing financial and technical support to Hebrew Language Charter Schools in New York State. The organization's mission is to further the educational and charitable purposes of these schools. In a practical sense, Friends of Hebrew Language Academy Charter Schools, Inc., referred to as FOHLA, channeled approximately $6,103,030 in programmatic expenses during the fiscal year ending June 30, 2022. These resources were directed towards Hebrew Language Charter Schools located in Brooklyn, NY, and Harlem, NY. The financial support enabled these schools to lease classroom space and cover necessary repairs and maintenance. While the information provided does not delve into the specifics of the educational or charitable purposes, it is clear that FOHLA plays a crucial role in supporting the operations and growth of Hebrew Language Charter Schools in New York.
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
Friends Of Hebrew Language Academy Charter Schools Inc significantly enhances the educational landscape for Hebrew language education in New York. With programmatic expenses totaling approximately $6.1 million for the year ending June 30, 2022, the organization provides vital financial resources that directly support Hebrew language charter schools located in Brooklyn and Harlem. This support encompasses essential operating funds that facilitate the leasing of classroom spaces and cover necessary repairs and maintenance, ensuring a conducive learning environment for students.
The organization's mission to further educational and charitable purposes fosters a robust framework for Hebrew language instruction, allowing schools to thrive and meet the specific needs of their communities. By enhancing access to quality education in Hebrew, Friends Of Hebrew Language Academy Charter Schools Inc plays a crucial role in preserving cultural heritage and promoting linguistic diversity, ultimately enriching the educational experiences of students and their families.
This information is meant to be a general summary of Friends Of Hebrew Language Academy Charter Schools 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: $5,876,304
- Gross Receipts: $5,881,304
Assets and Liabilities:
- Total Assets: $25,779,722
- Total Liabilities: $22,296,563
- Net Assets: $3,483,159
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.
RENTAL INCOME
Revenue
$5,875,189
OTHER INCOME
Revenue
$1,115
Organization Details
Founding Year
2009
Phone
(908) 415-9909Principal Officer
Elyse Castellano
Main Address
729 SEVENTH AVENUE 9TH FLOOR, NEW YORK, NY, 10019
NTEE Category
Code: B111 - Education
If you are a representative of Friends Of Hebrew Language Academy Charter Schools 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.