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Ofeq Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341463838 ✦ Wickliffe, OH ✦ Designated as a 501(c)(3)

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Overview

What is Ofeq Institute Inc?

Ofeq Institute Inc is a nonprofit organization dedicated to uncovering and preserving Jewish literary treasures. Their primary focus involves the rediscovery and regeneration of important Jewish texts. Notably, they have published Zecher Yitzchak for Passover, the standard edition of Mesillat Yesharim, and an edition of Mesillat Yesharim featuring comprehensive commentary. Additionally, significant progress has been made on Torah Kohanim with commentary, specifically Volume 5-6. This organization plays a crucial role in preserving and sharing the rich literary heritage of the Jewish community.

Is Ofeq Institute Inc legitimate?

Ofeq Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ofeq Institute 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: $78,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,500

For more financial information, click here

What is the mission statement of Ofeq Institute Inc?

Ofeq Institute Inc's mission revolves around the discovery and restoration of Jewish literary works. The organization is actively engaged in this mission by printing significant texts such as Zecher Yitzchak for Pesach and the standard edition of Mesillat Yesharim. Furthermore, Ofeq Institute has undertaken the task of publishing Mesillat Yesharim with comprehensive commentary. Progress is also being made on the Torah Kohanim with commentary, specifically Volume 5-6. In essence, Ofeq Institute is dedicated to preserving and sharing these valuable Jewish literary works for future generations.

Who is the CEO of Ofeq Institute Inc?

Rabbi Abraham Shoshana is the President of Ofeq Institute Inc.

What is the revenue of Ofeq Institute Inc?

Ofeq Institute Inc's revenue in 2023 was $122,519.

Who are the executives of Ofeq Institute Inc and what are their salaries?

The average compensation at Ofeq Institute Inc during 2023 was $20,321. There are 4 employees at Ofeq Institute Inc.


Here are 6 key members and their salaries:


Rabbi Abraham Shoshana (President)
  • Compensation: $36,000
  • Related: $0
  • Other: $9,392
Devorah Shoshana (Treasurer)
  • Compensation: $24,000
  • Related: $0
  • Other: $9,392
Prof Bernard Septimus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert S Reitman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
J David Heller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yosef Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ofeq Institute Inc?

Ofeq Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Ofeq Institute Inc

Ofeq Institute, a nonprofit organization, is dedicated to the mission of uncovering and preserving Jewish literary works. One of its significant contributions is the publication of "Zecher Yitzchak" during Passover and the standard edition of "Mesillat Yesharim." Furthermore, the institute has made strides in producing a comprehensive edition of "Mesillat Yesharim" that includes extensive commentary. In addition to these efforts, Ofeq Institute is also working on the publication of Torah Kohanim with commentary, specifically focusing on Volumes 5 and 6. By engaging in these projects, Ofeq Institute plays a crucial role in safeguarding and disseminating valuable Jewish literary heritage for future generations.

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Impact




October, 2024

Ofeq Institute Inc significantly impacts the preservation and dissemination of Jewish literary works. By discovering and restoring important texts, it plays a vital role in keeping Jewish literary heritage alive and accessible to contemporary audiences. The institute's publications, such as "Zecher Yitzchak" for Pesach and various editions of "Mesillat Yesharim," enhance the understanding of Jewish teachings and values. Additionally, the ongoing work on "Torah Kohanim" with commentary reflects a commitment to enriching Jewish scholarship. Through these efforts, Ofeq Institute fosters a deeper appreciation for Jewish literature and supports the continuity of Jewish traditions and teachings in the modern world.




This information is meant to be a general summary of Ofeq Institute 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.

Revenue
$122,519 (2023)
Expenses
$180,389 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: -$47,900
  • Program Service Revenue: $6,808
  • Gross Receipts: $523,879

Assets and Liabilities:

  • Total Assets: $165,982
  • Total Liabilities: $1,524
  • Net Assets: $164,458

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Book Sales

Revenue

$6,808

Organization Details

Founding Year

1985

Principal Officer

Rabbi Abraham Shoshana

Main Address

28772 Johnson Dr, Wickliffe, OH, 44092

NTEE Category

Code: X30Z - Religion related

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