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Friends Of Hatikvah International Charter School Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452692359 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of Hatikvah International Charter School Inc?

Friends of Hatikvah International Charter School Inc is a nonprofit organization situated in New York, specifically at 729 Seventh Avenue, New York, NY 10019. The primary objective of this organization is to assist Hatikvah International Academy Charter School in enhancing the educational experience for children residing in East Brunswick, New Jersey, and its surrounding communities. By providing support and resources, Friends of Hatikvah International Charter School Inc aims to contribute to the improvement of the school's quality of education and overall learning environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 71%, Two-Star out of Four Star Rating.

Friends of Hatikvah International Charter School Inc has received a score of 71%, which translates to a Two-Star rating. The rating primarily reflects the charity's performance in the Accountability & Finance category. The organization excels in several areas, including having a fully independent board and a strong program expense ratio of 94.93%, indicating that the majority of its funds are directed towards its programs.

However, the organization faces challenges, particularly highlighted by its liabilities to assets ratio of 119.22%, which raised concerns about financial stability. While it benefits from strong governance practices, such as documented board meeting minutes and a comprehensive conflict of interest policy, the financial health aspect may require attention for future sustainability. Overall, the nonprofit shows a commitment to accountability but needs to improve its financial management to enhance its rating further.


This AI summary has been generated from information found on Charity Navigator.

Is Friends Of Hatikvah International Charter School Inc legitimate?

Friends Of Hatikvah International Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Hatikvah International Charter School 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Friends Of Hatikvah International Charter School Inc?

The mission of Friends of Hatikvah International Charter School Inc., in essence, is to enhance the educational quality for children in communities beyond East Brunswick, New Jersey. Established with this purpose, the organization aims to support Hatikvah International Academy Charter School in its mission to improve education. Through their assistance, they strive to make a positive impact on the educational experiences of numerous children, contributing to their overall development. The organization's primary goal is to contribute to the betterment of the educational system and the children it serves.

Who is the CEO of Friends Of Hatikvah International Charter School Inc?

Eli Schaap is the President & Chair of Friends Of Hatikvah International Charter School Inc.

What is the revenue of Friends Of Hatikvah International Charter School Inc?

Friends Of Hatikvah International Charter School Inc's revenue in 2022 was $1,199,164.

Who are the executives of Friends Of Hatikvah International Charter School Inc and what are their salaries?


Here are 4 key members and their salaries:


Eli Schaap (President & Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Gedzelman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hindie Weissman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Winn-Dworkin (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Friends Of Hatikvah International Charter School Inc?

Friends Of Hatikvah International Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Friends Of Hatikvah International Charter School Inc

Friends of Hatikvah International Charter School Inc, as an organization, was established with a mission to aid Hatikvah International Academy Charter School in enhancing the educational quality for children residing in East Brunswick, New Jersey, and its surrounding communities. This nonprofit's primary objective is to support the charter school in its endeavors to deliver a superior educational experience to its students. By assisting Hatikvah International Academy Charter School, Friends of Hatikvah International Charter School Inc aims to contribute positively to the academic growth and development of the children in its vicinity. The organization's role is instrumental in helping the charter school fulfill its mission of providing high-quality education to its students, thereby enriching their futures.

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Impact




July, 2024

Friends Of Hatikvah International Charter School Inc has had a significant impact by supporting the Hatikvah International Academy Charter School in improving the quality of education for children in East Brunswick, New Jersey, and surrounding communities. Their mission of enhancing education for the youth has positively influenced the academic opportunities and experiences of students in the area. Through their assistance, they have contributed to the overall betterment of the local education system and the lives of the children they serve.




This information is meant to be a general summary of Friends Of Hatikvah International Charter School 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.

Revenue
$1,199,164 (2022)
Expenses
$1,069,899 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $658
  • Program Service Revenue: $23,440
  • Gross Receipts: $1,199,164

Assets and Liabilities:

  • Total Assets: $11,084,507
  • Total Liabilities: $13,169,352
  • Net Assets: -$2,084,845

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$23,440

Organization Details

Founding Year

2011

Principal Officer

Eli Schaap

Main Address

729 SEVENTH AVENUE, NEW YORK, NY, 10019

NTEE Category

Code: B11 - Education

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