Overview
What is Torah Center For Higher Rabbinical Studies Inc?
Torah Center For Higher Rabbinical Studies Inc is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to provide financial assistance to Rabbinical students, educational institutions, religious organizations, charitable youth activities, synagogues, and the impoverished both in Israel and the United States. In 2022, they distributed grants amounting to nearly five million dollars to individuals and organizations aligned with their purpose. The organization's activities extend beyond monetary aid, as they also offer support to various sectors that share their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Torah Center For Higher Rabbinical Studies Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. While it excels in accountability and finance with a perfect score in that category, the overall score of 62% suggests that there are notable weaknesses in other aspects of its operations. The lack of independent board size and financial statement transparency are highlighted as critical issues that need addressing.
Strengths include having a majority of independent board members and a solid material diversion of assets score, which shows that the organization is managing its resources properly in that regard. However, the poor performance in financial statements and the absence of essential policies, such as a whistleblower policy and document retention guidelines, raises concerns about governance and transparency.
The organization has also been rated poorly in fundraising efficiency and working capital ratio, which may impact its long-term sustainability. Overall, while the Torah Center demonstrates strong accountability practices, it faces challenges in governance and financial management that need urgent attention to enhance its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Torah Center For Higher Rabbinical Studies Inc legitimate?
Torah Center For Higher Rabbinical Studies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torah Center For Higher Rabbinical Studies 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
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What is the mission statement of Torah Center For Higher Rabbinical Studies Inc?
The Torah Center For Higher Rabbinical Studies Inc is dedicated to serving a variety of entities. Its mission is to provide financial aid, primarily, to Rabbinical students, educational institutions, religious organizations, charitable youth activities, synagogues, and the impoverished individuals in both Israel and the United States. The organization disperses grants, amounting to millions of dollars annually, to entities aligning with its purpose. Its objective is to support and uplift these entities, contributing to their growth and well-being.
Who is the CEO of Torah Center For Higher Rabbinical Studies Inc?
Gary Davidman is the Billowitz of Torah Center For Higher Rabbinical Studies Inc.
What is the revenue of Torah Center For Higher Rabbinical Studies Inc?
Torah Center For Higher Rabbinical Studies Inc's revenue in 2022 was $5,967,893.
Who are the executives of Torah Center For Higher Rabbinical Studies Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Torah Center For Higher Rabbinical Studies Inc?
Torah Center For Higher Rabbinical Studies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Torah Center For Higher Rabbinical Studies Inc
Torah Center for Higher Rabbinical Studies Inc is committed to supporting various entities in its mission. This nonprofit organization aims to provide financial assistance to Rabbinical students, educational institutions, religious organizations, charitable youth activities, synagogues, and the impoverished individuals in both Israel and the United States. Through its mission, it distributes substantial grants to individuals and organizations that align with its objectives, contributing over five million dollars in grants in a single year.
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Impact
July, 2024
The impact of Torah Center For Higher Rabbinical Studies Inc is significant in providing financial aid and support to Rabbinical students, educational institutions, religious organizations, charitable youth activities, synagogues, and the poor and indigent in Israel and the United States. Through distributing grants of nearly $5,000,000 in the year 2022 alone, the organization has been able to make a substantial difference in supporting individuals and organizations that share their mission and values. This financial assistance plays a crucial role in enabling the recipients to further their studies, strengthen their communities, and support those in need, ultimately contributing to the preservation and growth of religious and educational institutions.
This information is meant to be a general summary of Torah Center For Higher Rabbinical Studies 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: $5,967,893
Assets and Liabilities:
- Total Assets: $209,857
- Total Liabilities: $0
- Net Assets: $209,857
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Organization Details
Founding Year
2013
Phone
(917) 613-0992Principal Officer
Gary Davidman
Main Address
1011 East 29th Street, Brooklyn, NY, 11210
NTEE Category
Code: X80 - Religion related
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