Overview
What is Vaad Hatmimim Haolami Inc?
Vaad Hatmimim Haolami Inc is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to strengthen the religious practices of students within the Chabad movement, known as Tmimim. They achieve this by organizing religious events and gatherings, particularly during the holidays celebrated by Chabad Chassidic Jews, with the aim of increasing the students' understanding and appreciation of the teachings and customs of Rabbi Menachem M. Schneersohn, the Lubavitcher Rebbe. By doing so, Vaad Hatmimim Haolami Inc fosters a deeper connection to their faith and religious traditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (53%)
Vaad Hatmimim Haolami Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's overall score of 53% is primarily affected by a lack of transparency, as it has not provided financial statements or posted its tax form on its website. The liabilities to assets ratio of 170.39% raises additional red flags about its financial health.
Despite these shortcomings, Vaad Hatmimim Haolami Inc demonstrates some strengths, including a conflict of interest policy and a document retention policy, both of which are adequately addressed. Additionally, the organization has an independent board structure, with a majority of board members being independent. However, the independent board size is notably small, with only two independent members.
While the organization efficiently allocates 87.17% of its expenses to programs, which is a positive aspect, the lack of financial transparency and the elevated liabilities to assets ratio are concerning. Potential donors and stakeholders should consider these factors when evaluating the organization's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Vaad Hatmimim Haolami Inc legitimate?
Vaad Hatmimim Haolami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vaad Hatmimim Haolami 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: $24,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,250
For more financial information, click here
What is the mission statement of Vaad Hatmimim Haolami Inc?
Vaad Hatmimim Haolami Inc's mission is centered around enhancing the religious observance of students affiliated with the Chabad movement, known as Tmimim. The primary objective is to boost their understanding and adherence to the religious teachings and customs of the Lubavitcher Rebbe, Rabbi Menachem M. Schneersohn. This is primarily achieved by organizing religious gatherings in conjunction with the holidays celebrated by the Chabad Chassidic Jews. The organization's programs encompass various aspects of religious education, aiming to foster a deeper connection with their faith.
Who is the CEO of Vaad Hatmimim Haolami Inc?
Tzvi Altein is the President of Vaad Hatmimim Haolami Inc.
What is the revenue of Vaad Hatmimim Haolami Inc?
Vaad Hatmimim Haolami Inc's revenue in 2022 was $1,110,615.
Who are the executives of Vaad Hatmimim Haolami Inc and what are their salaries?
The average compensation at Vaad Hatmimim Haolami Inc during 2022 was $9,438. There are 4 employees and 8 volunteers at Vaad Hatmimim Haolami Inc.
Here are 3 key members and their salaries:
- Compensation: $24,500
- Related: $0
- Other: $17,580
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vaad Hatmimim Haolami Inc?
Vaad Hatmimim Haolami Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vaad Hatmimim Haolami Inc
Vaad Hatmimim Haolami Inc, a nonprofit organization, is dedicated to enhancing the religious observance and awareness of students within the Chabad movement, known as Tmimim. Their primary mission is to instill in these students a deeper understanding and appreciation of the religious teachings and customs as advocated by Rabbi Menachem M. Schneersohn, the Lubavitcher Rebbe. They achieve this goal by organizing religious gatherings in conjunction with each of the holidays celebrated by the Chabad Chassidic Jews. Through these events, Vaad Hatmimim Haolami Inc aims to provide a comprehensive religious education, grounded in the traditions and beliefs of the Lubavitcher Rebbe.
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Impact
July, 2024
Vaad Hatmimim Haolami Inc's impact is significant in enhancing the religious observance of Tmimim students within the Chabad movement. By organizing religious gatherings and events that focus on the teachings and customs of Rabbi Menachem M. Schneersohn, the organization helps to deepen the awareness and knowledge of the religious traditions among the Chabad Chassidic Jews. Through their programs and activities, Vaad Hatmimim Haolami plays a crucial role in fostering a stronger connection to religious practices and teachings within the community, ultimately enriching the spiritual lives of the participants.
This information is meant to be a general summary of Vaad Hatmimim Haolami 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.
- Gross Receipts: $1,110,615
Assets and Liabilities:
- Total Assets: $700,820
- Total Liabilities: $1,194,158
- Net Assets: -$493,338
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Organization Details
Founding Year
2012
Phone
(718) 771-9674Principal Officer
Tzvi Altein
Main Address
784 Eastern Parkway, Brooklyn, NY, 11213
NTEE Category
Code: X30 - Religion related
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