Overview
What is Kollel Torah Mitzion Inc?
Kollel Torah Mitzion Inc, also known as YU Kollel Torah Mitzion, is a nonprofit organization situated in Skokie, Illinois. Their primary focus is centered around Judaic studies, research, and adult education. They maintain a group of scholarly individuals engaged in research, conducting classes, and hosting forums for adult learning. With a team of 17 dedicated employees, they strive to contribute to the realm of Judaic knowledge. Their activities extend beyond scholarly pursuits, offering opportunities for lifelong learning and personal growth in the Judaic tradition.
Official website here: www.torahchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
Kollel Torah Mitzion Inc has received a One-Star rating from Charity Navigator, indicating significant concerns in its accountability and finance practices. The overall score is based solely on the Accountability & Finance metrics, where the organization scored moderately at 57%. While the charity benefits from strong governance features, such as a fully independent board and no material diversion of assets, it falls short in key areas of operational transparency.
The organization has a commendable 60.12% program expense ratio, suggesting that a majority of its resources are directed towards its mission-related activities. However, the absence of vital policies, such as conflict of interest, whistleblower, and document retention, may raise red flags about its internal governance practices. These missing elements could potentially compromise its accountability to donors and stakeholders.
Overall, while Kollel Torah Mitzion Inc demonstrates some strong governance practices, the lack of essential policies and the low score on accountability could deter potential supporters. Addressing these weaknesses would be crucial for improving its overall rating and enhancing trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Kollel Torah Mitzion Inc legitimate?
Kollel Torah Mitzion Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kollel Torah Mitzion 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: $736,804
For more financial information, click here
Official website here: www.torahchicago.org
What is the mission statement of Kollel Torah Mitzion Inc?
Kollel Torah Mitzion Inc is committed to maintaining a group of Judaic scholars who engage in research and provide educational opportunities. Their primary mission involves delving into Judaic studies through rigorous research and conducting classes and forums specifically designed for adult education. This organization strives to contribute to the broader understanding of Judaism and foster intellectual growth within the adult community. Their activities encompass both scholarly research and practical application through the organization of classes and forums.
Official website here: www.torahchicago.org
What is the revenue of Kollel Torah Mitzion Inc?
Kollel Torah Mitzion Inc's revenue in 2024 was $1,113,990.
Official website here: www.torahchicago.org
Who are the executives of Kollel Torah Mitzion Inc and what are their salaries?
The average compensation at Kollel Torah Mitzion Inc during 2024 was $66,982. There are 11 employees and 20 volunteers at Kollel Torah Mitzion Inc.
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Official website here: www.torahchicago.org
Where can I find the form 990 for Kollel Torah Mitzion Inc?
Kollel Torah Mitzion Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.torahchicago.org
Learn more at the official website: www.torahchicago.org
Mission Statement of Kollel Torah Mitzion Inc
Kollel Torah Mitzion Inc is dedicated to fostering a group of scholarly individuals who specialize in Judaic studies. Their primary mission involves conducting extensive research, leading classes, and organizing forums for the purpose of adult education in this field. By doing so, they aim to promote a comprehensive understanding of Judaic studies among adults.
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Impact
October, 2024
Kollel Torah Mitzion Inc significantly enriches the Skokie community and beyond through its commitment to Judaic studies and education. By maintaining a cadre of Judaic scholars, the organization facilitates a vibrant environment for learning and intellectual exploration.
Through research, classes, and forums designed for adult education, Kollel Torah Mitzion Inc plays a crucial role in deepening understanding and appreciation of Jewish texts and traditions. This intellectual engagement fosters a community that values education, spirituality, and critical thinking.
The Kollel's programs not only provide participants with knowledge but also encourage discussion and connection among individuals, enhancing community bonds. This initiative cultivates a culture of continuous learning, making a lasting impact on the lives of those involved and promoting a robust Jewish identity within the community.
This information is meant to be a general summary of Kollel Torah Mitzion 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 2024.
- Investment Income: $1,515
- Program Service Revenue: $125,331
- Gross Receipts: $1,113,990
Assets and Liabilities:
- Total Assets: $507,215
- Total Liabilities: $242,873
- Net Assets: $264,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NILI
Revenue
$30,140
SPONSORSHIP
Revenue
$26,176
STAND WITH ISRAEL
Revenue
$21,271
ROBINSON TE Y INITIATIVE
Revenue
$19,000
OTHER PROGRAMS
Revenue
$16,244
Organization Details
Founding Year
1998
Principal Officer
Howard N Karesh
Website
www.torahchicago.orgNTEE Category
Code: X30 - Religion related
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