Overview
What is Mercava Inc?
Mercava Inc, situated in Brooklyn, New York, is a nonprofit organization dedicated to revolutionizing Jewish education through technology. By funding the creation and development of interactive online tools, Mercava enables users to explore various Jewish texts simultaneously, offering a dynamic and engaging learning experience. The organization's primary objective is to enhance the accessibility and quality of Jewish education, making it more convenient for individuals worldwide. Mercava's significant activities include developing these tools and ensuring they are user-friendly, contributing to the modernization of Jewish studies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating. This rating indicates that while Mercava Inc meets some standards of accountability and finance, it has significant areas for improvement. The organization has performed well in terms of independent board membership and transparency in its operations but has received a low score for its financial health, particularly concerning its liabilities to assets ratio.
The organization boasts a fully independent board, which has been positively noted, scoring full points in both the majority independent board members and independent board size categories. Additionally, there are no reported material diversions of assets, and it has a conflict of interest policy in place. However, the absence of a whistleblower policy and a document retention and destruction policy raises concerns regarding its governance practices.
Financially, Mercava Inc shows a high program expense ratio, indicating that a large portion of its expenses goes directly to its programs, which is a positive sign. However, the liabilities to assets ratio of 415.51% is alarming and suggests financial instability. Overall, while the organization demonstrates strengths in governance and commitment to program spending, its financial health and absence of certain policies need addressing to improve its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Mercava Inc legitimate?
Mercava Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercava 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 Mercava Inc?
Mercava Inc's mission is centered around funding and promoting the development of user-friendly, online interactive tools derived from Jewish texts. These tools aim to enhance Jewish study by providing a dynamic and interactive learning experience. The organization's primary focus is on making Jewish education more accessible and of higher quality through the use of technology. While the specifics of their activities are detailed in their schedule, it can be inferred that Mercava Inc is committed to advancing the field of Jewish education by leveraging technological advancements.
Who is the CEO of Mercava Inc?
Haim Shushan is the President of Mercava Inc.
What is the revenue of Mercava Inc?
Mercava Inc's revenue in 2022 was $932,005.
Who are the executives of Mercava Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Mercava Inc?
Mercava Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mercava Inc
Mercava Inc, a nonprofit organization, is dedicated to enhancing Jewish education through technology. Its primary mission is to fund the development of interactive tools that integrate various sources from Jewish texts, providing users with a dynamic and engaging learning experience. The organization's key activity revolves around creating these tools and ensuring they are easily accessible for all. By doing so, Mercava Inc aims to advance the accessibility and quality of Jewish study, making it more engaging and interactive for learners.
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Impact
July, 2024
Mercava Inc's impact lies in advancing the accessibility and quality of Jewish education through technology. By funding the development of online interactive tools that overlay multiple sources from Jewish texts, Mercava is revolutionizing the way Jewish studies are conducted. The organization's focus on creating dynamic and easily accessible tools enhances the learning experience for users, ultimately enriching Jewish education and preserving the tradition for future generations.
This information is meant to be a general summary of Mercava 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: $932,005
Assets and Liabilities:
- Total Assets: $51,725
- Total Liabilities: $135,397
- Net Assets: -$83,672
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Organization Details
Founding Year
2013
Phone
(917) 439-5126Principal Officer
Haim Shushan
Main Address
3603 Quentin Rd, Brooklyn, NY, 11234
NTEE Category
Code: B99 - Education
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