Overview
What is Coolanu Inc Melnick?
Coolanu Inc Melnick, based on the provided information, is a nonprofit organization dedicated to providing an exceptional Jewish afterschool education. Their mission is to foster high-quality leadership in students from diverse socio-economic backgrounds, leveraging innovative educational technologies and methods. By promoting a culture of learning, personal growth, and acceptance, the organization encourages respectful behaviors and excels in both secular and Judaic studies. Through project-based and experiential learning, they aim to instill a deep love for Torah and Judaism in their students, nurturing their talents and potential for leadership. Overall, Coolanu Inc Melnick works towards uplifting families and the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Stars)
Coolanu Inc Melnick has received a low rating of 48%, reflecting significant weaknesses in its accountability and financial practices. While the organization scores well on having a majority of independent board members and a high program expense ratio, it lacks essential governance policies and transparency measures that are critical for building donor trust.
Key strengths of Coolanu Inc Melnick include a commitment to program expenses, achieving a perfect score in that area. Additionally, the absence of asset diversion indicates financial integrity in certain aspects. However, the nonprofit's board has only one independent member, which raises concerns about oversight and decision-making processes.
On the downside, several crucial policies regarding conflict of interest, whistleblower protections, and document retention are missing, which negatively impacts the organization's overall accountability score. Furthermore, the high liabilities to assets ratio suggests potential financial instability. These limitations could hinder potential donors' confidence in the organization’s management and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Coolanu Inc Melnick legitimate?
Coolanu Inc Melnick is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coolanu Inc Melnick 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: $55,635
For more financial information, click here
What is the mission statement of Coolanu Inc Melnick?
Coolanu Inc's mission is centered around creating exceptional leaders from students of diverse socio-economic backgrounds. They achieve this by leveraging advanced educational technology and methodologies. The institution is committed to uplifting families and the community as a whole, fostering a culture of learning, personal growth, and acceptance. It promotes respectful behaviors and encourages high-level academics, extending to both secular and Judaic studies. The school nurtures and develops students' gifts and talents, aiming to equip them with the skills for leadership and mastery.
Who is the CEO of Coolanu Inc Melnick?
Isaac Melnick is the Pres. of Coolanu Inc Melnick.
What is the revenue of Coolanu Inc Melnick?
Coolanu Inc Melnick's revenue in 2022 was $66,495.
Who are the executives of Coolanu Inc Melnick and what are their salaries?
The average compensation at Coolanu Inc Melnick during 2022 was $27,818. There are 2 employees at Coolanu Inc Melnick.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Coolanu Inc Melnick?
Coolanu Inc Melnick's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coolanu Inc Melnick
Coolanu Inc Melnick, a renowned educational institution, is committed to nurturing high-quality leaders from students of diverse socio-economic backgrounds. Employing the latest innovations in educational technology and methodology, the school fosters a culture of learning and personal growth. It encourages acceptance of others and promotes respectful behaviors, all while maintaining a focus on academic excellence in both secular and Judaic studies. Coolanu Inc Melnick recognizes the unique gifts and talents of each student, aiming to develop their mastery and leadership skills. The ultimate goal of this esteemed organization is to uplift families and the community as a whole, contributing to a broader sense of unity and progress.
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Impact
August, 2024
Coolanu Inc Melnick's impact lies in its mission to produce high-quality leaders from students of all socio-economic levels and backgrounds. By utilizing the latest innovations in educational technology and methodology, the organization is uplifting families and the community as a whole.
Through its focus on generating a culture of learning, personal growth, and acceptance of others, Coolanu Inc Melnick promotes respectful behaviors and high-level academics in both secular and Judaic studies. By developing students' gifts and talents, the organization empowers them to achieve mastery and leadership. This approach not only benefits the individual students but also positively impacts the community by fostering future leaders who are well-equipped to contribute meaningfully to society.
This information is meant to be a general summary of Coolanu Inc Melnick. 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: $66,495
Assets and Liabilities:
- Total Assets: $377,076
- Total Liabilities: $521,503
- Net Assets: -$144,427
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Organization Details
Principal Officer
Isaac Melnick
Main Address
875 NE 178 ST, N MIAMI BEACH, FL, 33162
NTEE Category
Code: X30 - Religion related
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