Overview
What is Temple Israel Foundation?
Temple Israel Foundation is a nonprofit organization situated in Minneapolis, Minnesota. Its primary role is to provide financial support to Temple Israel, enhancing its mission, vision, and values. This includes funding for general operations, educational programs, community initiatives, and worship services. The foundation also invests in Temple Israel's facilities, funding regular maintenance and improvements to its building and grounds. Additionally, Temple Israel Foundation supports Jewish education, offering resources for learners with special needs, enabling them to engage fully in both formal and informal learning. Interfaith programs with local churches, mosques, synagogues, and other faith communities also receive funding. In essence, the foundation serves to celebrate and sustain Temple Israel, acting as a voice for Jewish values in the city of Minneapolis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Temple Israel Foundation has received a solid rating of 80%, reflecting its commitment to accountability and financial transparency. This score is derived entirely from its performance in the Accountability & Finance beacon, indicating strong governance and oversight practices. The organization boasts a 100% independent board and effectively documents its board meeting minutes, showcasing a commitment to ethical standards and proper oversight.
Strengths of the Temple Israel Foundation include a robust financial health profile, with a low liabilities to assets ratio of 2.42% and a high program expense ratio of 65.11%. These figures suggest that the foundation allocates a significant portion of its resources toward its mission-driven activities, which is a positive indicator for donors and stakeholders. The presence of a well-formed Audit and Oversight Committee further enhances its financial accountability.
However, while the organization performs well in many areas, there is room for improvement in its program expense ratio, which received a score of 19 out of 25. This indicates that while the foundation is effective in spending on programs, a portion of its budget may still be directed towards administrative costs. Addressing this could enhance its overall impact and reputation among potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Temple Israel Foundation legitimate?
Temple Israel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Temple Israel 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 Temple Israel Foundation?
The Temple Israel Foundation supports and strengthens Temple Israel's role as a voice for Jewish values in various communities. It achieves this by providing a permanent financial base for Temple Israel's educational, religious, programmatic, community, and interfaith activities. The foundation grants funds to Temple Israel for its mission advancement, educational and community programs, worship services, and facility maintenance. Additionally, it supports Jewish education for learners with special needs and interfaith programs with other faith communities.
Who is the CEO of Temple Israel Foundation?
Cindy Shapiro is the Immediate Past President of Temple Israel Foundation.
What is the revenue of Temple Israel Foundation?
Temple Israel Foundation's revenue in 2022 was $641,745.
Who are the executives of Temple Israel Foundation and what are their salaries?
There 18 volunteers at Temple Israel Foundation.
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Where can I find the form 990 for Temple Israel Foundation?
Temple Israel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Temple Israel Foundation
The Temple Israel Foundation, in its mission, celebrates and sustains Temple Israel, serving as a beacon for Jewish values in Minneapolis. This nonprofit organization provides a permanent source of financial support to augment and strengthen Temple Israel's educational, religious, programmatic, community, and interfaith activities. Through grants, the foundation supports Temple Israel's advancement in various aspects, including general operating costs, educational programs, community events, and worship services. Furthermore, the foundation contributes to the maintenance and improvement of Temple Israel's facilities, ensuring the building and grounds remain in optimal condition.
In addition to supporting Temple Israel's operational needs, the foundation also invests in Jewish education, providing resources for learners with special needs to participate fully in both formal and informal learning. Recognizing the importance of fostering understanding and cooperation among different faith communities, the Temple Israel Foundation also supports interfaith programs, collaborating with area churches, mosques, synagogues, and other faith-based organizations. Through these initiatives, the Temple Israel Foundation plays a significant role in promoting Jewish values and fostering interfaith dialogue.
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Impact
July, 2024
Temple Israel Foundation's impact lies in its unwavering commitment to celebrating and sustaining Temple Israel as a beacon of Jewish values in Minneapolis. By providing essential grants to Temple Israel, the Foundation supports the advancement of its mission, vision, and values. This includes bolstering educational and community programs, enhancing worship services, and maintaining the facilities to ensure a conducive environment for spiritual growth. Additionally, the Foundation plays a crucial role in promoting Jewish education, particularly for learners with special needs, fostering inclusivity and engagement in formal and informal learning settings. Furthermore, through interfaith initiatives with local churches, mosques, synagogues, and other faith communities, Temple Israel Foundation fosters bonds of understanding and cooperation, enriching the religious tapestry of the city.
This information is meant to be a general summary of Temple Israel 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: $128,357
- Gross Receipts: $10,240,421
Assets and Liabilities:
- Total Assets: $14,124,521
- Total Liabilities: $291,724
- Net Assets: $13,832,797
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Organization Details
Founding Year
1989
Phone
(612) 377-8680Principal Officer
Cindy Shapiro
Main Address
2324 EMERSON AVENUE SOUTH, MINNEAPOLIS, MN, 55405
NTEE Category
Code: X11 - Religion related
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