Overview
What is Machon Harav Shach Inc?
Machon Harav Shach Inc is a nonprofit organization, headquartered in Brooklyn, New York, that operates with a charitable, religious, educational, and scientific mission. Under the guidance of Yitzchok Statfeld, the organization distributes funds to eligible organizations. Its primary focus is on supporting causes that align with these core objectives, working to contribute positively to various sectors and communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Machon Harav Shach Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial transparency. While the organization shows a strong commitment to governance with 100% independent board members, it has significant shortcomings in providing financial statements, conflict of interest policies, and public disclosures, which are critical for donor trust and oversight.
The nonprofit has demonstrated financial stability, reflected in a low liabilities to assets ratio of 0.00% and an impressive program expense ratio of 99.21%. This suggests that the majority of its funds are directed toward its programs rather than administrative costs. However, the lack of available financial documentation on its website and missing policies raise concerns about its operational transparency.
Overall, while Machon Harav Shach Inc excels in certain governance aspects and program spending, its deficiencies in transparency and policy implementation highlight the need for improvements to build trust with stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Machon Harav Shach Inc legitimate?
Machon Harav Shach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Machon Harav Shach 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
For more financial information, click here
What is the mission statement of Machon Harav Shach Inc?
Machon Harav Shach Inc is established with the primary purpose of serving charitable, religious, educational, and scientific causes. It accomplishes this by making distributions to organizations that meet the necessary qualifications. The organization operates with a focus on charitable activities, aiming to contribute to various sectors that require assistance. While the specific activities of Machon Harav Shach Inc are not explicitly detailed, its mission is centered around supporting qualified organizations in these domains.
Who is the CEO of Machon Harav Shach Inc?
Asher Bergman is the Director of Machon Harav Shach Inc.
What is the revenue of Machon Harav Shach Inc?
Machon Harav Shach Inc's revenue in 2022 was $1,049,582.
Who are the executives of Machon Harav Shach Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Machon Harav Shach Inc?
Machon Harav Shach Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Machon Harav Shach Inc
Machon Harav Shach Inc is dedicated to fulfilling charitable, religious, educational, and scientific purposes. Their mission involves distributing funds to organizations that meet the necessary qualifications, all under the supervision of Yitzchok Statfeld. This nonprofit organization is committed to making a positive impact in various sectors, demonstrating a broad scope of philanthropic activities.
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Impact
July, 2024
Machon Harav Shach Inc's impact is significant in the realms of charity, religion, education, and science. Through its charitable activities, it provides crucial support to organizations that are dedicated to various causes benefiting society. The organization's commitment to religious and educational purposes helps in fostering a sense of community and promoting knowledge sharing. Additionally, its focus on scientific pursuits contributes to advancements in research and innovation. By distributing funds to qualifying organizations under the supervision of Yitzchok Statfeld, Machon Harav Shach Inc plays a vital role in making a positive impact on the world.
This information is meant to be a general summary of Machon Harav Shach 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.
- Investment Income: $7,482
- Gross Receipts: $1,049,582
Assets and Liabilities:
- Total Assets: $4,217,557
- Total Liabilities: $0
- Net Assets: $4,217,557
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Organization Details
Founding Year
2014
Phone
(718) 258-0041Principal Officer
Asher Bergman
Main Address
3516 FLATLANDS AVENUE, BROOKLYN, NY, 11234
NTEE Category
Code: X30 - Religion related
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