Overview
What is Keren Otzar Hachaim Inc?
Keren Otzar Hachaim Inc, based in Woodmere, New York, is a nonprofit organization committed to fostering religious Jewish education in Israel. They achieve this goal both directly and indirectly. Directly, they employ innovative educational methods to educate children and young adults. Indirectly, they support the development of future teachers by subsidizing their education and training. Furthermore, they grant funds to other organizations and offer interest-free loans to qualified individuals in need. The organization's mission is to advance religious Jewish education in Israel, ultimately contributing to the Jewish community's growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (71%)
Keren Otzar Hachaim Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization scored 71%, with a strong program expense ratio of 99.30%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, it benefits from a fully independent board, which is a positive sign for governance.
However, there are notable weaknesses in the organization’s transparency and accountability measures. Keren Otzar Hachaim Inc has not provided financial statements or key documents on its website, which has impacted its score negatively. Missing policies such as whistleblower and document retention also raise concerns about governance practices.
Overall, while Keren Otzar Hachaim Inc demonstrates a commitment to programmatic spending and has a fully independent board, the lack of financial documentation and transparency indicates areas that require significant attention to build trust and improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Keren Otzar Hachaim Inc legitimate?
Keren Otzar Hachaim Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keren Otzar Hachaim 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 Keren Otzar Hachaim Inc?
Keren Otzar Hachaim Inc's mission is centered around promoting religious Jewish education for children and young adults in Israel. They achieve this directly through the use of advanced education methods and indirectly by supporting the development of future teachers by subsidizing their education and training. Furthermore, the organization provides interest-free loans to financially struggling individuals. In 2021, Keren Otzar Hachaim Inc delivered religious Jewish education to children and young adults in Israel, subsidized the education of future teachers, and offered interest-free loans to those in need.
Who is the CEO of Keren Otzar Hachaim Inc?
Ariel Edelstein is the President & of Keren Otzar Hachaim Inc.
What is the revenue of Keren Otzar Hachaim Inc?
Keren Otzar Hachaim Inc's revenue in 2022 was $655,852.
Who are the executives of Keren Otzar Hachaim 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 Keren Otzar Hachaim Inc?
Keren Otzar Hachaim Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keren Otzar Hachaim Inc
Keren Otzar Hachaim Inc is committed to advancing religious Jewish education for children and young adults in Israel. They achieve this goal both directly, by employing innovative education methods, and indirectly, by supporting the development of future teachers. This is done by subsidizing their education and training. Additionally, the organization extends its support to other organizations and offers interest-free loans to eligible individuals in need, furthering its mission to foster religious Jewish education.
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Impact
July, 2024
Keren Otzar Hachaim Inc has made a significant impact by furthering religious Jewish education for children and young adults in Israel through innovative educational methods. By providing education subsidies and training to future teachers, they have helped enhance the quality of religious education in Israel. Additionally, their interactive programs have allowed students to deepen their understanding of Jewish tradition, contributing to a stronger sense of cultural identity and community cohesion. Through their direct and indirect educational support to Israeli youth, Keren Otzar Hachaim has played a crucial role in shaping the next generation of Jewish leaders and scholars.
This information is meant to be a general summary of Keren Otzar Hachaim 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: $655,852
Assets and Liabilities:
- Total Assets: $281,291
- Total Liabilities: $0
- Net Assets: $281,291
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Organization Details
Founding Year
2011
Phone
(917) 685-7315Principal Officer
Ariel Edelstein
Main Address
393 EASTWOOD ROAD, WOODMERE, NY, 11598
NTEE Category
Code: B122 - Education
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