Overview
What is Derech Hachaim Fund Inc?
Derech Hachaim Fund Inc, located at 16 Esther Court, Lakewood, New Jersey, is a dedicated nonprofit organization with a mission to promote Jewish education and offer support to Torah scholars encountering financial difficulties. By engaging in these activities, the organization seeks to enrich the Jewish community and uplift those scholars who require financial assistance to continue their scholarly pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement (Overall Score: 71%)
Derech Hachaim Fund Inc has received a Two-Star rating from Charity Navigator, indicating that it is in need of improvement. The overall score reflects a strong program expense ratio of 86.33%, showcasing the organization’s commitment to allocating a significant portion of its funds directly to its programs. Additionally, the organization demonstrates solid governance practices with an independent board and robust conflict of interest policies.
However, despite these strengths in accountability and financial management, the nonprofit has room for improvement in other areas that may impact its overall effectiveness. While the organization maintains a perfect ratio of liabilities to assets, the overall rating suggests that there are underlying concerns which have affected its overall score. It would be beneficial for the organization to address these limitations to enhance its performance and reputation further.
This AI summary has been generated from information found on Charity Navigator.
Is Derech Hachaim Fund Inc legitimate?
Derech Hachaim Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Derech Hachaim Fund 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 Derech Hachaim Fund Inc?
Derech Hachaim Fund Inc is committed to advancing Jewish education and offering financial aid to Torah scholars who are facing financial hardships. Their mission is to contribute to the pursuit of knowledge in Jewish studies and provide essential support to scholars who may be financially challenged. By doing so, they aim to ensure the continuity of Jewish education and the well-being of dedicated scholars. The organization's activities primarily focus on promoting Jewish education and offering financial assistance to scholars in need.
Who is the CEO of Derech Hachaim Fund Inc?
Baruch Blaustein is the Trustee of Derech Hachaim Fund Inc.
What is the revenue of Derech Hachaim Fund Inc?
Derech Hachaim Fund Inc's revenue in 2022 was $948,665.
Who are the executives of Derech Hachaim Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Derech Hachaim Fund Inc?
Derech Hachaim Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Derech Hachaim Fund Inc
Derech Hachaim Fund Inc is committed to advancing Jewish education and providing financial assistance to Torah scholars who are facing financial challenges. This nonprofit organization's mission is to contribute to the educational sphere and offer support to scholars who are dedicated to the study of Jewish teachings but may be struggling financially. By doing so, Derech Hachaim Fund Inc aims to foster a stronger community of Torah scholars and ensure that their vital work continues uninterrupted. The organization's activities are centered around furthering Jewish education and providing much-needed financial aid to scholars in need.
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Impact
July, 2024
Derech Hachaim Fund Inc's impact lies in its direct support of Jewish education and Torah scholars facing financial difficulties. By providing necessary resources and assistance to those dedicated to advancing their knowledge and practice of Judaism, the organization plays a crucial role in preserving and enhancing Jewish learning and traditions. This focused mission not only enriches the lives of individual scholars but also contributes to the broader community by ensuring the continuity and strength of Jewish education. Through its philanthropic efforts, Derech Hachaim Fund Inc demonstrates a commitment to upholding and promoting Jewish values, making a lasting impact on the lives it touches.
This information is meant to be a general summary of Derech Hachaim Fund 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: $21
- Gross Receipts: $948,665
Assets and Liabilities:
- Total Assets: $207,989
- Total Liabilities: $0
- Net Assets: $207,989
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Organization Details
Founding Year
2014
Principal Officer
Baruch Blaustein
Main Address
16 ESTHER COURT, LAKEWOOD, NJ, 08701
NTEE Category
Code: T30 - Philanthropy
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