Overview
What is Yeshivat Or Hachaim Of Lakewood Inc?
Yeshivat Or Hachaim of Lakewood Inc is a nonprofit institution located in Lakewood, New Jersey, specifically at 37 Freedom Drive. With a focus on Sephardic tradition, this organization operates as a parochial elementary school, providing education to its students. The organization employs 96 individuals, demonstrating a significant commitment to its mission and student body. While the description provided is brief, it highlights the school's dedication to preserving and promoting Sephardic culture within its educational framework.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 47%, Zero-Star out of Four Star rating.
Yeshivat Or Hachaim Of Lakewood Inc has received a low score of 47%, resulting in a Zero-Star rating, which raises concerns regarding its accountability and financial management. While the organization demonstrates a strong commitment to program expenses, with 85.20% of its budget allocated to programs, various financial governance issues significantly detract from its overall rating.
Strengths include having a majority of independent board members and established policies for conflict of interest, document retention, and meeting documentation. However, significant weaknesses are evident, such as the absence of financial statements and missing policies for whistleblowing. Additionally, the organization has a concerning liabilities-to-assets ratio, indicating financial instability.
Overall, while Yeshivat Or Hachaim Of Lakewood Inc is proactive in some areas, it faces serious challenges in transparency and financial health that potential donors and stakeholders should consider carefully. The organization needs to address these deficiencies to improve its accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Yeshivat Or Hachaim Of Lakewood Inc legitimate?
Yeshivat Or Hachaim Of Lakewood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yeshivat Or Hachaim Of Lakewood 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: $38,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,218,237
For more financial information, click here
What is the mission statement of Yeshivat Or Hachaim Of Lakewood Inc?
Yeshivat Or Hachaim of Lakewood Inc. operates as a parochial elementary school with a distinct focus on Sephardic tradition. Its mission is centered around providing education within this cultural context. The institution is committed to instilling values and knowledge that are rooted in Sephardic tradition, thereby fostering a unique learning environment for its students. The school aims to nurture the spiritual, intellectual, and social development of its pupils, ensuring they maintain a strong connection with their cultural heritage. Additionally, the school likely provides a supportive and inclusive environment that encourages academic growth and personal development.
Who is the CEO of Yeshivat Or Hachaim Of Lakewood Inc?
Raymond Ashkenazi is the President of Yeshivat Or Hachaim Of Lakewood Inc.
What is the revenue of Yeshivat Or Hachaim Of Lakewood Inc?
Yeshivat Or Hachaim Of Lakewood Inc's revenue in 2022 was $2,537,255.
Who are the executives of Yeshivat Or Hachaim Of Lakewood Inc and what are their salaries?
The average compensation at Yeshivat Or Hachaim Of Lakewood Inc during 2022 was $13,090. There are 96 employees at Yeshivat Or Hachaim Of Lakewood Inc.
Here are 3 key members and their salaries:
- Compensation: $43,533
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Yeshivat Or Hachaim Of Lakewood Inc?
Yeshivat Or Hachaim Of Lakewood Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yeshivat Or Hachaim Of Lakewood Inc
Yeshivat Or Hachaim of Lakewood Inc is a parochial elementary school that places a significant focus on Sephardic tradition. Established with a mission to uphold this unique cultural heritage, the school strives to provide a comprehensive educational experience that incorporates the rich Sephardic customs and practices. By doing so, the school aims to nurture the next generation of individuals who will carry forward this tradition with pride. The school's commitment to Sephardic education is reflected in its curriculum and daily operations, ensuring that students develop a deep understanding and appreciation of their heritage.
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Impact
July, 2024
Yeshivat Or Hachaim Of Lakewood Inc's impact is significant in providing a parochial elementary school education with a focus on Sephardic tradition in the city of Lakewood, New Jersey. By specializing in this specific cultural and religious tradition, the institution serves the local Sephardic community by preserving and passing down important values, customs, and practices to future generations. This specialized education helps to maintain and strengthen the Sephardic identity within the community, fostering a sense of belonging and continuity. Through its educational activities, Yeshivat Or Hachaim Of Lakewood Inc contributes to the enrichment and preservation of Sephardic heritage in the region.
This information is meant to be a general summary of Yeshivat Or Hachaim Of Lakewood 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: $514
- Program Service Revenue: $1,245,221
- Gross Receipts: $2,537,255
Assets and Liabilities:
- Total Assets: $155,444
- Total Liabilities: $654,760
- Net Assets: -$499,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$866,035
LUNCH PROGRAM INCOME
Revenue
$322,987
TRANSPORTATION & OTHER INCOME
Revenue
$56,199
Organization Details
Founding Year
2011
Principal Officer
Raymond Ashkenazi
Main Address
37 FREEDOM DRIVE, LAKEWOOD, NJ, 08701
NTEE Category
Code: B20 - Education
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