Overview
What is Zichron Chaim Inc?
Zichron Chaim Inc., doing business as Ruach Chaim, is a nonprofit organization situated in Monsey, New York. Established with charitable, religious, and educational purposes in mind, the organization primarily operates a summer camp aimed at providing an affordable and secure environment for religious teenagers in junior high and high school. The camp's mission is to offer a memorable camping experience, ensuring that these youths have the opportunity to grow and develop in a controlled setting. Operating with a staff of 65 individuals, Zichron Chaim Inc. carries out its goals with dedication and commitment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
Zichron Chaim Inc has been assigned a One-Star rating by Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 53% overall, primarily due to missing financial statements and other critical documentation that are essential for transparency. While it does have a majority of independent board members, the independent board size is notably low, which raises questions about governance.
Strengths of Zichron Chaim include a high program expense ratio of 90.37%, suggesting that a substantial portion of its expenditures is directed towards its charitable activities. The charity has a clear conflict of interest policy and maintains proper documentation for board meeting minutes, which reflects some level of organizational structure. However, the absence of essential financial documents and policies like a whistleblower policy highlights areas that need improvement.
On the financial side, the charity's liabilities to assets ratio is concerning, sitting at 73.17%, which could imply potential financial instability. Additionally, the lack of a website listed on the tax form and missing documents on its nonprofit website could hinder public trust. Overall, while Zichron Chaim Inc has some positive attributes, it faces significant challenges that need to be addressed to enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Zichron Chaim Inc legitimate?
Zichron Chaim Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zichron Chaim 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: $218,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $249,145
For more financial information, click here
What is the mission statement of Zichron Chaim Inc?
Zichron Chaim Inc., operating under the name Ruach Chaim, is a public benefit nonprofit organization primarily focused on charitable, religious, and educational purposes. Its primary objective is to establish and manage an affordable summer camp for religious teenagers in junior high and high school. The camp aims to provide a safe and controlled environment for these teenagers, offering them a camping experience. The organization's mission is to contribute positively to the lives of these young individuals by offering them a memorable and enriching experience during their summer break.
Who is the CEO of Zichron Chaim Inc?
Tzvi Y Perlstein is the Director of Zichron Chaim Inc.
What is the revenue of Zichron Chaim Inc?
Zichron Chaim Inc's revenue in 2022 was $6,027,473.
Who are the executives of Zichron Chaim Inc and what are their salaries?
The average compensation at Zichron Chaim Inc during 2022 was $7,187. There are 65 employees at Zichron Chaim Inc.
Here are 4 key members and their salaries:
- Compensation: $168,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Zichron Chaim Inc?
Zichron Chaim Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zichron Chaim Inc
Zichron Chaim Inc, also known as Ruach Chaim, is a public benefit nonprofit organization established for charitable, religious, and educational purposes. Its primary mission is to operate a summer camp for religious teens in junior high and high school, providing them with an affordable and enriching camping experience. The camp is designed to offer a safe and controlled environment for these teens, allowing them to enjoy the outdoors and participate in various activities while adhering to their religious beliefs. The objective of Zichron Chaim Inc's camp is to provide an affordable and enjoyable summer experience for these teens, ensuring they have a memorable and positive time during their break from school.
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Impact
July, 2024
Zichron Chaim Inc's impact lies in providing an affordable camping experience for religious teens in junior high and high school, ensuring they are in a safe and controlled environment. By organizing and operating a summer camp, the organization contributes to the development and growth of youth in a religious and educational setting. Additionally, their focus on offering this opportunity at a reasonable cost makes it accessible to a wider range of individuals, potentially influencing more lives positively in the process.
This information is meant to be a general summary of Zichron Chaim 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: $1,788,598
- Program Service Revenue: $3,703,937
- Gross Receipts: $6,373,386
Assets and Liabilities:
- Total Assets: $11,161,696
- Total Liabilities: $8,167,365
- Net Assets: $2,994,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$3,454,275
LUNCH PROGRAM
Revenue
$249,662
Organization Details
Founding Year
2011
Phone
(732) 503-3596Principal Officer
Tzvi Y Perlstein
Main Address
19 DOVER TERRACE, MONSEY, NY, 10952
NTEE Category
Code: O50 - Youth development
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