Overview
What is Zichron Tzvi Inc?
Zichron Tzvi Inc, located at 196 Rutledge Street, Brooklyn, New York 11211, is a nonprofit organization with a mission to grant distributions to qualifying organizations. This mission is at the heart of their exempt purpose, which is to support various organizations with financial aid. The specific activities or programs they engage in to fulfill this mission are not detailed in the provided information, but their primary focus lies in providing financial assistance to eligible organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 31%
Zichron Tzvi Inc has received a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial transparency. The organization scores notably low in various crucial metrics, including financial statements and program expense ratio, suggesting that a minimal portion of its resources is allocated towards its programs. The high liabilities to assets ratio also raises red flags about the organization's financial health.
On a more positive note, Zichron Tzvi Inc has achieved a perfect score for having a fully independent board, which is comprised entirely of independent members. Additionally, the presence of a conflict of interest policy demonstrates some commitment to governance standards. However, the absence of critical policies like whistleblower protection and document retention indicates gaps in operational procedures.
Overall, while Zichron Tzvi Inc excels in board independence, the lack of transparency and accountability in financial reporting and operational policies considerably undermines its effectiveness as a nonprofit organization. Prospective donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Zichron Tzvi Inc legitimate?
Zichron Tzvi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zichron Tzvi 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
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What is the mission statement of Zichron Tzvi Inc?
Zichron Tzvi Inc's mission is centered around granting distributions to qualifying organizations. This exempt purpose is a fundamental part of their operations, aimed at providing support to various organizations that meet their criteria. The organization's primary role is to facilitate these distributions, thereby contributing to the work and objectives of the beneficiary organizations. While the specific causes or areas these organizations focus on are not provided, it is clear that Zichron Tzvi Inc plays a crucial role in channeling resources to organizations in need.
Who is the CEO of Zichron Tzvi Inc?
Abraham Wurzberger is the President of Zichron Tzvi Inc.
What is the revenue of Zichron Tzvi Inc?
Zichron Tzvi Inc's revenue in 2022 was $1,094,773.
Who are the executives of Zichron Tzvi Inc and what are their salaries?
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 Zichron Tzvi Inc?
Zichron Tzvi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zichron Tzvi Inc
Zichron Tzvi Inc, as per its mission statement, is dedicated to granting distributions to eligible organizations. This nonprofit organization's primary objective is to channel resources to deserving organizations that align with its exempt purpose. By doing so, Zichron Tzvi Inc aims to contribute positively to various causes and communities, furthering its commitment to charitable giving.
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Impact
October, 2024
Zichron Tzvi Inc plays a vital role in the philanthropic landscape by providing essential funding to qualifying organizations. Based in Brooklyn, NY, the organization focuses on granting distributions that support various initiatives aimed at improving community welfare and addressing pressing needs. Through these financial contributions, Zichron Tzvi Inc enables diverse programs and projects to thrive, creating a positive impact on the lives of individuals and families in the community. By facilitating resources for qualified organizations, it helps foster growth, innovation, and support in areas that matter most to those they serve.
This information is meant to be a general summary of Zichron Tzvi 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: $1,012,265
- Gross Receipts: $1,094,773
Assets and Liabilities:
- Total Assets: $5,781,539
- Total Liabilities: $4,436,357
- Net Assets: $1,345,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AMBULANCE SERVICE
Revenue
$1,012,265
Organization Details
Founding Year
2020
Phone
(718) 797-9235Principal Officer
Abraham Wurzberger
Main Address
196 RUTLEDGE STREET, BROOKLYN, NY, 11211
NTEE Category
Code: T50 - Philanthropy
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