Overview
What is Torah Community Fund Inc?
Torah Community Fund Inc is a nonprofit organization situated in Passaic, New Jersey. Their primary mission is to support Orthodox Jewish religious communities in Israel by addressing a wide array of religious and social welfare needs and activities. This support encompasses various aspects, such as aiding in the practice and observance of religion, meeting communal infrastructure requirements, and addressing social communal needs. They accomplish these objectives by constructing and maintaining synagogues, schools, and study groups, as well as providing assistance to needy families through the provision of essentials like food, clothing, shelter, and psychological support. The organization distributes grants in accordance with its primary purpose.
Official website here: www.torahcommunityfund.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Torah Community Fund Inc has received a two-star rating from Charity Navigator, indicating areas for improvement despite a relatively strong score of 74%. The organization excels in accountability and finance, achieving a perfect score in this area, which suggests they adhere to best practices regarding financial management and governance. Their board has a majority of independent members, which is a positive indicator of organizational integrity.
However, significant concerns arise from the lack of an independent board size and poor financial statements, resulting in a low score in these key areas. While the organization demonstrates strong program expense and fundraising efficiency ratios, the working capital ratio indicates potential liquidity issues. These limitations suggest that while the organization is efficient in its spending on programs, it may face challenges in maintaining financial health.
In summary, the Torah Community Fund Inc showcases strengths in its governance and programmatic spending, but its financial reporting and board structure need considerable attention and improvement. Stakeholders should consider these factors when assessing the organization's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Torah Community Fund Inc legitimate?
Torah Community Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torah Community 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.torahcommunityfund.com
What is the mission statement of Torah Community Fund Inc?
The Torah Community Fund Inc's mission is centered around supporting Orthodox Jewish religious communities in Israel. This support extends to a wide array of religious and social welfare needs and activities. Specifically, the organization aims to facilitate religious practice and observance, address physical communal infrastructure needs, and cater to social communal needs. This is achieved through various means, including the construction and maintenance of synagogues, schools, and study groups, as well as providing aid to needy families in the form of food, clothing, shelter, and psychological support.
Official website here: www.torahcommunityfund.com
Who is the CEO of Torah Community Fund Inc?
Josh Winter is the President of Torah Community Fund Inc.
Official website here: www.torahcommunityfund.com
What is the revenue of Torah Community Fund Inc?
Torah Community Fund Inc's revenue in 2022 was $2,865,423.
Official website here: www.torahcommunityfund.com
Who are the executives of Torah Community Fund Inc and what are their salaries?
There 5 volunteers at Torah Community Fund Inc.
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: $0
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- Other: $0
Official website here: www.torahcommunityfund.com
Where can I find the form 990 for Torah Community Fund Inc?
Torah Community Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.torahcommunityfund.com
Learn more at the official website: www.torahcommunityfund.com
Mission Statement of Torah Community Fund Inc
Torah Community Fund Inc is dedicated to supporting Orthodox Jewish religious communities in Israel, addressing a wide array of religious and social welfare needs and activities. The organization's mission is twofold: firstly, it aims to facilitate the practice and observance of religion within these communities. This includes providing the necessary physical communal infrastructure, such as synagogues, schools, and study groups. Secondly, Torah Community Fund Inc focuses on addressing social communal needs. It performs this role by offering assistance to families in need, providing essentials like food, clothing, shelter, and psychological support. In essence, the organization's mission is to enhance the overall well-being of Orthodox Jewish communities in Israel by addressing their religious and social needs effectively.
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Impact
October, 2024
Torah Community Fund Inc significantly impacts Orthodox Jewish religious communities in Israel by addressing a wide array of religious and social welfare needs. The organization focuses on supporting religious practices and observance, ensuring that communities can uphold their traditions and values. It provides vital assistance for the physical infrastructure of these communities, including the construction and maintenance of synagogues, schools, and study groups that serve as focal points for religious and educational engagement.
Moreover, the Fund plays a crucial role in supporting communal social needs by offering aid to families facing financial hardships. This assistance encompasses essential services such as food, clothing, shelter, and psychological support, fostering a sense of solidarity and care within the community. By facilitating a network of support and resources, Torah Community Fund Inc not only enhances the spiritual life of these communities but also contributes to their overall well-being and resilience.
This information is meant to be a general summary of Torah Community 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.
- Gross Receipts: $2,865,423
Assets and Liabilities:
- Total Assets: $546,654
- Total Liabilities: $30,000
- Net Assets: $516,654
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Organization Details
Founding Year
2010
Principal Officer
Josh Winter
Main Address
C/O JOSH WINTER 4 KATHERINE AVENUE, PASSAIC, NJ, 07055
Website
www.torahcommunityfund.comNTEE Category
Code: Q30 - International
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