Overview
What is American Friends Of Bnai Levy Foundation?
The American Friends of Bnai Levy Foundation is a non-profit organization based in Brooklyn, New York. They are committed to offering assistance to indigent individuals and contributing to the work of recognized charities. Furthermore, they support religious activities. In summary, the American Friends of Bnai Levy Foundation extends a helping hand to those in need and collaborates with esteemed charitable organizations while upholding religious values.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating (40%)
The American Friends Of Bnai Levy Foundation has received a low rating primarily due to significant weaknesses in its accountability and financial practices. With a score of only 40%, the organization has critical gaps such as a complete lack of independent board members and missing financial statements, which raises concerns about governance and transparency.
While the organization does allocate 94.44% of its expenses to programs, indicating a strong commitment to its mission, the financial ratios reveal alarming issues. The liabilities to assets ratio is exceedingly high at 1317.29%, and there is a negative working capital ratio of -0.35 years, which suggests severe financial instability. Furthermore, the charity lacks several essential policies, including those for conflict of interest and whistleblower protections.
Overall, the foundation's significant weaknesses in governance and financial management overshadow its positive aspects. For potential donors, this rating serves as a caution, emphasizing the need for improved transparency and accountability within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Bnai Levy Foundation legitimate?
American Friends Of Bnai Levy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Bnai Levy Foundation 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 Bnai Levy Foundation?
The American Friends of Bnai Levy Foundation is a non-profit organization committed to supporting indigent individuals and other recognized charities. Their mission encompasses providing assistance to those in need and contributing to various charitable causes. Additionally, they engage in religious activities. The organization's primary focus is on offering aid and support to those less fortunate while also strengthening the broader community through collaboration with other charities. Their dedication extends beyond financial assistance, as they strive to make a positive impact on the lives of those they serve.
Who is the CEO of American Friends Of Bnai Levy Foundation?
Harry Kraus is the President of American Friends Of Bnai Levy Foundation.
What is the revenue of American Friends Of Bnai Levy Foundation?
American Friends Of Bnai Levy Foundation's revenue in 2022 was $15,342,601.
Who are the executives of American Friends Of Bnai Levy Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Friends Of Bnai Levy Foundation?
American Friends Of Bnai Levy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Bnai Levy Foundation
The American Friends of Bnai Levy Foundation is a non-profit organization that dedicates its efforts to supporting indigent individuals and various recognized charities. This foundation goes above and beyond by also engaging in religious activities. In essence, its mission revolves around extending a helping hand to those in need and contributing to the causes of other esteemed charitable organizations. By doing so, it aims to make a positive impact on the lives of many and foster a sense of communal support.
Located in Brooklyn, New York, the American Friends of Bnai Levy Foundation has become a beacon of hope for those facing financial hardships. It fosters a culture of compassion and giving, providing essential resources to those who are less fortunate. The foundation's tireless dedication to assisting indigent individuals transcends social and economic boundaries, touching the lives of countless people and making a difference in their daily struggles.
Additionally, the American Friends of Bnai Levy Foundation extends its reach by offering support to various recognized charities. This collaboration not only amplifies the impact of its own initiatives but also strengthens the broader charitable community. Through these partnerships, the foundation contributes to a ripple effect of kindness and generosity, enabling numerous organizations to expand their reach and enhance their capacity to effect change.
Furthermore, the American Friends of Bnai Levy Foundation's commitment to religious activities allows it to foster a deeper connection between individuals and their faith. By engaging in these practices, the organization creates opportunities for spiritual growth, communal bonding, and personal reflection. This multifaceted approach to giving embodies the foundation's unwavering dedication to improving lives and making the world a better place.
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Impact
October, 2024
The American Friends of Bnai Levy Foundation significantly impacts the Brooklyn community by providing essential support to indigent individuals and recognized charities. Its programs address urgent needs, offering assistance to those facing economic hardships. By engaging in various religious activities, the foundation also fosters a sense of community and spiritual growth among its members and the broader population. Through its initiatives, the foundation promotes philanthropy and encourages collective support, enhancing the quality of life for many in the area and strengthening community ties.
This information is meant to be a general summary of American Friends Of Bnai Levy Foundation. 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: $15,342,601
Assets and Liabilities:
- Total Assets: $491,628
- Total Liabilities: $6,476,181
- Net Assets: -$5,984,553
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Organization Details
Founding Year
1999
Principal Officer
Harry Kraus
Main Address
C/O M KANNER CPA 5417 18th Ave, BROOKLYN, NY, 11204
NTEE Category
Code: T30 - Philanthropy
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