Overview
What is Maalot?
Maalot is a dedicated nonprofit organization situated in Lawrence, New York. Their primary objective is to serve their fundholders by managing their charitable contributions with utmost integrity and respect. Fundholders have the opportunity to recommend how their donations are allocated to various charitable organizations. Maalot ensures administrative efficiency, economic advantage, and personal reward for their donors by simplifying the grantmaking process and safeguarding confidentiality. They facilitate intergenerational philanthropy, enabling contributions to flow smoothly into the charitable stream. Maalot operates a Donor-Advised Fund, providing services to donors in a manner that allows them to realize their charitable giving effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Maalot has received an 80% score from Charity Navigator, resulting in a Three-Star rating. This rating emphasizes the organization’s strong accountability and financial management, particularly highlighted by its perfect scores in areas such as independent board membership and its policies on conflict of interest and whistleblower protections. The charity demonstrates effective use of funds with a program expense ratio of 99.38%, indicating that the vast majority of its expenses are dedicated to its programs rather than administrative or fundraising costs.
However, the organization has limitations that impact its overall rating. A significant area of concern is the lack of financial statements, which resulted in a zero score in that category. While Maalot's governance is strong in terms of board independence, the small size of its independent board (only three members) may raise questions about its ability to provide robust oversight. Despite these challenges, the charity's low liabilities to assets ratio and excellent fundraising efficiency reflect a solid financial position.
Overall, Maalot shows commitment to transparency and accountability, with a strong focus on its mission, but it may need to improve its financial reporting to enhance its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is Maalot legitimate?
Maalot is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maalot 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: $3,462
For more financial information, click here
What is the mission statement of Maalot?
Maalot's mission is centered around providing efficient and personally rewarding charitable giving services to its donors. The organization maintains a donor-advised fund, enabling donors to recommend how their charitable contributions are allocated to various charitable organizations. Maalot is committed to treating its fundholders with integrity and respect, and it strives to make their charitable giving process administratively efficient, economically advantageous, and personally fulfilling. The organization simplifies the grantmaking process, ensuring contributions flow quickly and easily into the charitable stream, safeguards donor confidentiality, and facilitates intergenerational philanthropy.
Who is the CEO of Maalot?
Uri Dreifus is the President of Maalot.
What is the revenue of Maalot?
Maalot's revenue in 2021 was $4,175,926.
Who are the executives of Maalot and what are their salaries?
The average compensation at Maalot during 2021 was $3,462. There is 1 employee and 3 volunteers at Maalot.
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 Maalot?
Maalot's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Maalot
Maalot, a nonprofit organization, is dedicated to facilitating charitable giving for its donors. They maintain a donor-advised fund, enabling donors to efficiently and personally rewarding realize their philanthropic aspirations. The organization's mission is to serve its fundholders by treating their charitable dollars with utmost integrity and respect. Maalot's donors hold the privilege of recommending how their contributions are allocated to various charitable organizations. The organization upholds its commitment to fundholders by providing services that streamline the grantmaking process, ensuring contributions flow swiftly and effortlessly into the charitable stream. Additionally, Maalot safeguards confidentiality and fosters intergenerational philanthropy, making charitable giving a rewarding experience for its donors.
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Impact
July, 2024
Maalot has a significant impact by maintaining a donor-advised fund that allows donors to efficiently and effectively allocate their charitable contributions to various charitable organizations. The organization is dedicated to serving its fundholders with integrity and respect, ensuring that their charitable giving is both administratively efficient and personally rewarding. By simplifying the grantmaking process, safeguarding confidentiality, and facilitating intergenerational philanthropy, Maalot enables donors to make a meaningful impact in their communities and beyond.
This information is meant to be a general summary of Maalot. 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 2021.
- Investment Income: $9,303
- Gross Receipts: $4,175,926
Assets and Liabilities:
- Total Assets: $8,839,184
- Total Liabilities: $0
- Net Assets: $8,839,184
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Organization Details
Founding Year
2014
Phone
(718) 975-5306Principal Officer
Uri Dreifus
Main Address
207 ROCKAWAY TPKE, LAWRENCE, NY, 11559
NTEE Category
Code: X30 - Religion related
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