Overview
What is Talmudical Academy Of Norfolk Inc?
Talmudical Academy of Norfolk Inc is a nonprofit institution situated in Norfolk, Virginia, at 612 Colonial Avenue. With a focus on Jewish teachings and academic studies, the high school-level academy currently caters to 17 full-time students. The learning environment at Talmudical Academy fosters a deep understanding, respect, and knowledge of His Torah and the teachings of Orthodox Judaism. Established with a mission to establish a high school in the South Hampton Roads area of Virginia, the academy has a dedicated team of 12 employees working tirelessly towards its objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating)
The Talmudical Academy Of Norfolk Inc has received a rating of 69% from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization benefits from having a fully independent board, its overall financial transparency is undermined by the absence of essential financial statements and several key policies, such as conflict of interest and whistleblower policies.
On a positive note, the Academy demonstrates strong financial management with a low liabilities to assets ratio of 0.05% and an impressive program expense ratio of 88.10%, highlighting its commitment to directing funds towards its programs. Additionally, the organization has maintained proper documentation for board meeting minutes, which can reflect a degree of governance.
However, the lack of transparency regarding financial statements and missing policies raises concerns about oversight and accountability. Until these issues are addressed, the Academy's effectiveness and trustworthiness may be questioned by donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Talmudical Academy Of Norfolk Inc legitimate?
Talmudical Academy Of Norfolk Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Talmudical Academy Of Norfolk 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: $129,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,767
For more financial information, click here
What is the mission statement of Talmudical Academy Of Norfolk Inc?
The Talmudical Academy of Norfolk Inc was established with the purpose of establishing a high school in the South Hampton Roads area of Virginia. The academy's mission is centered around providing Jewish teachings and academic studies at the high school level. It offers a learning environment that fosters understanding, respect, and knowledge of His Torah and the teachings of Orthodox Judaism. Currently, the academy has 17 full-time enrolled students. The academy's educational approach is geared towards nurturing the spiritual and intellectual growth of its students.
Who is the CEO of Talmudical Academy Of Norfolk Inc?
Shmuel Katz is the Treasurer of Talmudical Academy Of Norfolk Inc.
What is the revenue of Talmudical Academy Of Norfolk Inc?
Talmudical Academy Of Norfolk Inc's revenue in 2022 was $752,699.
Who are the executives of Talmudical Academy Of Norfolk Inc and what are their salaries?
The average compensation at Talmudical Academy Of Norfolk Inc during 2022 was $40,531. There are 12 employees at Talmudical Academy Of Norfolk Inc.
Here are 5 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- 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 Talmudical Academy Of Norfolk Inc?
Talmudical Academy Of Norfolk Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Talmudical Academy Of Norfolk Inc
Talmudical Academy of Norfolk Inc was established with a mission to establish a high school in the South Hampton Roads area of Virginia. This nonprofit organization is dedicated to providing Jewish teachings and academic studies at the high school level. The academy offers a learning environment that fosters the development of understanding, respect, and knowledge of His Torah and the teachings of Orthodox Judaism. Currently, the academy has 17 full-time enrolled students. The mission of Talmudical Academy of Norfolk Inc is to educate and nurture its students in the rich traditions and values of Judaism, while also providing them with a strong academic foundation. The academy aims to instill in its students a deep appreciation for their faith and a commitment to living a meaningful and fulfilling life in accordance with Orthodox Jewish principles.
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Impact
July, 2024
Talmudical Academy of Norfolk Inc's impact is evident in its provision of Jewish teachings and academic studies at the high school level in the South Hampton Roads area of Virginia. With a focus on developing understanding, respect, and knowledge of Torah and Orthodox Judaism, the academy serves a vital role in nurturing the educational and cultural needs of the local Jewish community. Despite its small size with 17 full-time enrolled students, the academy's commitment to providing a learning environment centered on religious teachings is significant in preserving and passing down traditions to future generations.
This information is meant to be a general summary of Talmudical Academy Of Norfolk 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.
- Investment Income: $147
- Program Service Revenue: $132,076
- Gross Receipts: $752,699
Assets and Liabilities:
- Total Assets: $1,887,294
- Total Liabilities: $1,223
- Net Assets: $1,886,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION OTHER
Revenue
$168,057
MILK REIMBURSEMENT
Revenue
$1,992
TC TUITION OFFSET
Revenue
-$37,973
Organization Details
Founding Year
2003
Phone
(757) 623-6070Principal Officer
Shmuel Katz
Main Address
612 COLONIAL AVENUE, NORFOLK, VA, 23507
NTEE Category
Code: B24 - Education
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