Overview
What is Friends Of Shearim Hametsuyaniminc?
Friends of Shearim Hametsuyaniminc is a nonprofit organization situated in Brooklyn, New York, with the specific address of 3145 Coney Island Avenue, 11235. Their primary mission is to offer financial aid to Shearim Hametsuyanim, a center for Torah studies located in Jerusalem, Israel. This aid is intended to help offset the expenses associated with constructing new educational facilities, renovating existing buildings, classrooms, dormitories, and research centers. The organization's goal is to support the continued growth and development of this center for Torah studies, ultimately contributing to the advancement of religious and educational pursuits in Jerusalem.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Friends Of Shearim Hametsuyaniminc demonstrates a moderate level of accountability and transparency in its operations. The organization scores well in several areas, including having a majority of independent board members and a strong program expense ratio, which suggests that a large proportion of its funds are directed toward its mission-related activities.
However, there are notable areas for improvement, particularly in governance and transparency practices. The absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention policy reflects a lack of comprehensive oversight mechanisms, which could be concerning for potential donors. Additionally, the nonprofit's website is missing from their tax forms, which hinders accessibility to important financial information.
Overall, while Friends Of Shearim Hametsuyaniminc shows strong financial management and commitment to its mission through high program expenses, the lack of essential governance policies and transparency measures presents limitations that may affect donor confidence and organizational credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Shearim Hametsuyaniminc legitimate?
Friends Of Shearim Hametsuyaniminc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Shearim Hametsuyaniminc 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
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What is the mission statement of Friends Of Shearim Hametsuyaniminc?
Friends of Shearim Hametsuyaniminc is an organization with a mission to provide financial aid. Their primary objective is to support a Torah studies center located in Jerusalem, Israel, named Shearim Hametsuyanim. The aim is to help offset the costs associated with constructing new educational facilities and renovating existing ones, including buildings, classrooms, dormitories, and research centers. By doing so, they aim to contribute to the continuous growth and improvement of this educational institution.
What is the revenue of Friends Of Shearim Hametsuyaniminc?
Friends Of Shearim Hametsuyaniminc's revenue in 2023 was $658,679.
Who are the executives of Friends Of Shearim Hametsuyaniminc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Friends Of Shearim Hametsuyaniminc?
Friends Of Shearim Hametsuyaniminc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of Shearim Hametsuyaniminc
Friends of Shearim Hametsuyaniminc is dedicated to supporting Shearim Hametsuyanim, a center for Torah studies located in Jerusalem, Israel. Their primary mission involves providing financial aid to help offset the costs of constructing new educational facilities and renovating existing buildings, classrooms, dormitories, and research centers within the center. This financial assistance enables Shearim Hametsuyanim to continue its valuable work in the field of Torah studies, ensuring that the center maintains a conducive learning environment for its students. By providing funds for these necessary improvements, Friends of Shearim Hametsuyaniminc plays a vital role in supporting the center's ongoing growth and development.
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Impact
July, 2024
Friends of Shearim Hametsuyaniminc's impact is significant in providing vital financial aid to Shearim Hametsuyanim, a center for Torah studies in Jerusalem, Israel. By supporting the center, the organization helps offset the costs of erecting new educational facilities and renovating existing buildings, classrooms, dormitories, and research centers. This support is crucial in enabling Shearim Hametsuyanim to continue its educational mission and provide a conducive environment for Torah studies in Jerusalem. Through their philanthropic efforts, Friends of Shearim Hametsuyaniminc plays a key role in contributing to the development and sustainability of this important center of learning.
This information is meant to be a general summary of Friends Of Shearim Hametsuyaniminc. 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 2023.
- Investment Income: $10,000
- Gross Receipts: $658,679
Assets and Liabilities:
- Total Assets: $379,074
- Total Liabilities: $0
- Net Assets: $379,074
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Organization Details
Founding Year
2011
Principal Officer
Rabbi Avraham Ashkenazi
NTEE Category
Code: T30 - Philanthropy
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