Overview
What is Oholei Yosef Yitzchak Lubavitch?
Oholei Yosef Yitzchak Lubavitch is a nonprofit organization situated in Oak Park, Michigan. It operates a faith-based educational center, prioritizing high-quality education and instilling values in its students. The institution served 300 children during the year ending August 31, 2022, with a significant number hailing from low-income households. Committed to inclusivity, the center does not deny admission to children due to financial constraints. Funding for any deficits is sourced from public donations. The organization's mission is to empower students, enabling them to evolve into compassionate, responsible, and active participants in society, contributing positively to humanity through charitable acts. With a staff of 95, Oholei Yosef Yitzchak Lubavitch is dedicated to fostering the next generation of caring and successful global citizens.
What are the reviews and ratings of this charity?
Charity Navigator rating: 64%, Two-Star out of Four Star rating.
Oholei Yosef Yitzchak Lubavitch has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates some strengths, there are significant areas that require improvement. The organization shows a commendable program expense ratio of nearly 82%, suggesting that a large portion of its funds is directed towards its mission. Additionally, it has established key policies such as conflict of interest, whistleblower protection, and document retention, which reflect a commitment to ethical governance.
However, the organization faces challenges in terms of transparency and board independence. With only 33% of its board members being independent and a complete lack of financial statements publicly available, it raises concerns about its accountability. Furthermore, the absence of its website link on the tax form and the failure to post its tax form on its website contribute to a less favorable perception regarding its openness to stakeholders. Overall, while there are positive aspects, potential donors and supporters may want to consider these limitations when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Oholei Yosef Yitzchak Lubavitch legitimate?
Oholei Yosef Yitzchak Lubavitch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oholei Yosef Yitzchak Lubavitch 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: $118,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,816,245
For more financial information, click here
What is the mission statement of Oholei Yosef Yitzchak Lubavitch?
Oholei Yosef Yitzchak Lubavitch's mission is centered around educating students to become caring, responsible, and successful individuals. The goal is to prepare them for active participation in an international and multicultural society. This involves instilling values and encouraging positive charitable acts. The organization strives to foster kindness in its students, aiming for them to contribute positively to humanity. It accepts students from low-income households without charging tuition and relies on public donations to cover any financial shortfalls.
Who is the CEO of Oholei Yosef Yitzchak Lubavitch?
Bezion Stein is the Director of Oholei Yosef Yitzchak Lubavitch.
What is the revenue of Oholei Yosef Yitzchak Lubavitch?
Oholei Yosef Yitzchak Lubavitch's revenue in 2022 was $3,830,310.
Who are the executives of Oholei Yosef Yitzchak Lubavitch and what are their salaries?
The average compensation at Oholei Yosef Yitzchak Lubavitch during 2022 was $20,366. There are 95 employees at Oholei Yosef Yitzchak Lubavitch.
Here are 6 key members and their salaries:
- Compensation: $36,627
- Related: $0
- Other: $21,344
- Compensation: $33,904
- Related: $0
- Other: $19,062
- Compensation: $7,611
- Related: $0
- Other: $0
- 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 Oholei Yosef Yitzchak Lubavitch?
Oholei Yosef Yitzchak Lubavitch's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oholei Yosef Yitzchak Lubavitch
Oholei Yosef Yitzchak Lubavitch, a faith-based educational center, is committed to nurturing students into compassionate and responsible citizens. Its mission is to equip these students with the necessary skills, preparing them to become active and compassionate participants in a diverse and international society. The organization aims to foster a sense of kindness in its students, encouraging them to contribute positively to humanity through charitable acts. The majority of the students enrolled at this center hail from low-income households, and the organization ensures that no child is denied access due to financial constraints. Oholei Yosef Yitzchak Lubavitch relies on public donations to cover any funding shortfalls.
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Impact
July, 2024
Oholei Yosef Yitzchak Lubavitch's impact can be seen in the way it provides top-notch education and instills strong values in the children enrolled in its educational center. By catering to students from low-income households and not turning away any child due to inability to pay tuition, the organization ensures that all students have the opportunity to receive quality education. This commitment to inclusivity and access to education has a direct impact on the students' future opportunities and success. Additionally, by emphasizing the development of caring, responsible, and compassionate citizens who contribute to society through charitable acts, the organization is helping shape the next generation of empathetic and socially engaged individuals. Ultimately, Oholei Yosef Yitzchak Lubavitch's work has a positive ripple effect on both the local community and humanity as a whole.
This information is meant to be a general summary of Oholei Yosef Yitzchak Lubavitch. 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: $2,321,548
- Gross Receipts: $3,830,310
Assets and Liabilities:
- Total Assets: $9,938,281
- Total Liabilities: $1,308,923
- Net Assets: $8,629,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$2,321,548
Organization Details
Founding Year
1997
Phone
(248) 541-5441Principal Officer
Bezion Stein
Main Address
14100 W Nine Mile Road, Oak Park, MI, 48237
NTEE Category
Code: B20Z - Education
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