Overview
What is American Friends Of Yeshivat Chochmat Shlomo?
American Friends of Yeshivat Chochmat Shlomo is a nonprofit organization located in Lakewood, New Jersey, centered around providing charitable support to a religious institution. Their mission is to aid financially struggling students and teachers in their pursuit of religious studies, allowing them to teach and learn Torah effectively. This organization serves as a vital source of assistance, ensuring the continuity and success of religious education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%, Zero-Star out of Four Star rating.
American Friends Of Yeshivat Chochmat Shlomo has been assigned a low rating of 35%, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members and lacks essential governance policies, including a conflict of interest policy and a whistleblower policy. Additionally, financial statements are not publicly available, which raises transparency issues.
Despite these challenges, the organization reports a 100% program expense ratio, suggesting that all of its expenses are directed towards its programs. However, the extremely high liabilities to assets ratio of 1571.17% is alarming, indicating potential financial instability. The absence of documented board meeting minutes and other critical governance documents further compounds concerns about the organization's operational integrity.
Overall, the rating reflects serious deficiencies in governance and transparency that potential donors should consider. Without improvements in its accountability practices, the nonprofit may struggle to gain trust and support from the public.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Yeshivat Chochmat Shlomo legitimate?
American Friends Of Yeshivat Chochmat Shlomo is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Yeshivat Chochmat Shlomo 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 American Friends Of Yeshivat Chochmat Shlomo?
American Friends of Yeshivat Chochmat Shlomo is an organization that assists a religious institution in providing support for needy students and teachers to engage in the study and teaching of Torah. Their primary mission is centered around charity, aiming to help individuals in their pursuit of religious education. The organization's role is instrumental in enabling these students and teachers to continue their Torah studies without financial constraints.
Who is the CEO of American Friends Of Yeshivat Chochmat Shlomo?
Haim Ruchamkin is the President of American Friends Of Yeshivat Chochmat Shlomo.
What is the revenue of American Friends Of Yeshivat Chochmat Shlomo?
American Friends Of Yeshivat Chochmat Shlomo's revenue in 2022 was $873,409.
Who are the executives of American Friends Of Yeshivat Chochmat Shlomo and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for American Friends Of Yeshivat Chochmat Shlomo?
American Friends Of Yeshivat Chochmat Shlomo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Yeshivat Chochmat Shlomo
American Friends of Yeshivat Chochmat Shlomo is an organization dedicated to supporting a religious institution in Lakewood, New Jersey. Their primary mission is to aid needy students and teachers, enabling them to teach and study Torah. This charitable organization plays a significant role in furthering the religious education of the community. By providing necessary assistance, American Friends of Yeshivat Chochmat Shlomo contributes to the continued growth and development of the religious organization and its members.
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Impact
July, 2024
American Friends Of Yeshivat Chochmat Shlomo's impact is deeply rooted in supporting a single religious organization in Lakewood, NJ. By focusing on helping needy students and teachers to teach and study Torah, this organization plays a crucial role in advancing religious education and promoting community welfare. Through its charitable endeavors, American Friends Of Yeshivat Chochmat Shlomo contributes to the spiritual growth and academic development of individuals within the religious community.
This information is meant to be a general summary of American Friends Of Yeshivat Chochmat Shlomo. 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: $873,409
Assets and Liabilities:
- Total Assets: $22,544
- Total Liabilities: $499,900
- Net Assets: -$477,356
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Organization Details
Founding Year
2005
Phone
(732) 415-8199Principal Officer
Haim Ruchamkin
Main Address
20 Cabinfield Circle, Lakewood, NJ, 08701
NTEE Category
Code: X113 - Religion related
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