Overview
What is Solomon Schechter Endowment Foundation?
The Solomon Schechter Endowment Foundation is a nonprofit organization situated in Chicago, Illinois, specifically at 30 South Wells Street 4049. Its primary purpose is to support the Solomon Schechter Day School. Established with an exclusive focus on this school, the Foundation's mission is to contribute to its well-being and progress. By doing so, it carries out its activities, ensuring the school receives necessary distributions to thrive and serve its community effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
The Solomon Schechter Endowment Foundation has received an impressive 94% rating from Charity Navigator, which signifies a strong commitment to accountability and financial performance. With a perfect score in several categories, including having a fully independent board and rigorous oversight mechanisms, the foundation demonstrates high levels of transparency and responsible governance.
The foundation excels in financial management, reflected in its 100% program expense ratio, indicating that all its funds are directed towards its charitable programs. This strong performance in financial stewardship is complemented by a robust set of policies in place, such as a conflict of interest policy and whistleblower protections, ensuring ethical practices and safeguarding the organization's integrity.
Despite its strengths, the data does not highlight any limitations or challenges faced by the Solomon Schechter Endowment Foundation, reinforcing its status as a well-managed and accountable nonprofit. Overall, the foundation stands out as a reliable entity in the nonprofit sector, dedicated to its mission with effective governance and financial oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Solomon Schechter Endowment Foundation legitimate?
Solomon Schechter Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solomon Schechter Endowment 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.
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What is the mission statement of Solomon Schechter Endowment Foundation?
The Solomon Schechter Endowment Foundation was established with the primary objective of supporting the Solomon Schechter Day School. The mission of the foundation is aligned with this purpose, aiming to benefit and contribute to the operations of the day school. The foundation's activities are centered around making distributions that are advantageous to the Solomon Schechter Day School. In essence, the Solomon Schechter Endowment Foundation exists to strengthen and uphold the Solomon Schechter Day School's mission and activities.
Who is the CEO of Solomon Schechter Endowment Foundation?
Larry Pachter is the President of Solomon Schechter Endowment Foundation.
What is the revenue of Solomon Schechter Endowment Foundation?
Solomon Schechter Endowment Foundation's revenue in 2022 was $1,076,645.
Who are the executives of Solomon Schechter Endowment Foundation and what are their salaries?
There 13 volunteers at Solomon Schechter Endowment Foundation.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Solomon Schechter Endowment Foundation?
Solomon Schechter Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Solomon Schechter Endowment Foundation
The Solomon Schechter Endowment Foundation, as stated in its establishment, is dedicated to serving the best interests and accomplishing the objectives of the Solomon Schechter Day School. This organization's primary mission is to contribute financially to the wellbeing and success of the Solomon Schechter Day School. By doing so, it ensures that the school can continue to function and thrive, ultimately benefiting its students and community.
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Impact
October, 2024
The Solomon Schechter Endowment Foundation significantly impacts the educational landscape by providing essential financial support to the Solomon Schechter Day School. Through its dedicated distributions, the Foundation enhances the resources available to the school, fostering an environment conducive to academic excellence and holistic development for its students. By prioritizing the needs of the Day School, it ensures that educational programs and activities can flourish, directly benefiting the students, faculty, and the wider community in Chicago, IL. The Foundation's commitment to supporting Jewish education plays a crucial role in nurturing the next generation's cultural and academic growth.
This information is meant to be a general summary of Solomon Schechter Endowment 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.
- Investment Income: $503,776
- Gross Receipts: $840,598
Assets and Liabilities:
- Total Assets: $7,370,517
- Total Liabilities: $0
- Net Assets: $7,370,517
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Organization Details
Founding Year
1987
Phone
(312) 346-6700Principal Officer
Larry Pachter
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: B112 - Education
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