Overview
What is Torah & Chesed Fund?
Torah & Chesed Fund is a charitable organization situated in Spring Valley, New York, with a focus on providing aid and assistance to other organizations that champion charitable and religious causes. Established with the mission to support such organizations, the Fund operates as a nonprofit entity dedicated to contributing positively to its community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating. This rating indicates that the Torah & Chesed Fund meets basic accountability and transparency standards but has room for improvement. It reflects a solid financial health, with a program expense ratio of 100%, meaning all funds are directed towards its mission.
The organization demonstrates strong governance with 100% of its board members being independent, indicating a commitment to ethical oversight. Additionally, there are no reported material diversions of assets, and the presence of a conflict of interest policy adds to its credibility. Minutes from board meetings are documented, which enhances transparency.
However, despite its high program expense ratio and strong governance features, the overall Two-Star rating suggests that there may be areas in its operations or financial practices that need further development to achieve higher ratings. Stakeholders may wish to monitor these aspects as they consider their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Torah & Chesed Fund legitimate?
Torah & Chesed Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torah & Chesed Fund 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 Torah & Chesed Fund?
The Torah & Chesed Fund, as a charitable organization, was established with the mission to offer aid and support to other organizations that are committed to furthering charitable and religious causes. Its primary objective is to assist these organizations in their endeavors, thereby contributing to the broader charitable and religious sector. The Fund's activities are geared towards providing necessary assistance to these organizations, thereby helping to advance their causes. In essence, the Torah & Chesed Fund serves as a catalyst for the growth and success of charitable and religious organizations.
Who is the CEO of Torah & Chesed Fund?
Osher Diamant is the Trustee of Torah & Chesed Fund.
What is the revenue of Torah & Chesed Fund?
Torah & Chesed Fund's revenue in 2023 was $99,020.
Who are the executives of Torah & Chesed Fund and what are their salaries?
There 2 volunteers at Torah & Chesed Fund.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Torah & Chesed Fund?
Torah & Chesed Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Torah & Chesed Fund
Torah & Chesed Fund is a charitable organization with a mission to provide aid and assistance to other organizations that work towards promoting charitable and religious causes. Established with this purpose, the organization engages in activities that support the goals of these like-minded organizations. By offering assistance, Torah & Chesed Fund contributes to the broader charitable and religious initiatives in the sector, furthering their collective impact.
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Impact
October, 2024
Torah & Chesed Fund has a significant impact by delivering essential support to organizations dedicated to charitable and religious causes. By providing financial assistance and resources, it empowers these organizations to enhance their outreach and effectiveness in serving the community. This support strengthens various initiatives that promote social welfare, community engagement, and spiritual enrichment, ultimately fostering a culture of kindness and philanthropy in Spring Valley, NY, and beyond. Through its commitment to enhancing charitable endeavors, Torah & Chesed Fund plays a crucial role in driving positive change and addressing the needs of those it serves.
This information is meant to be a general summary of Torah & Chesed Fund. 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 2023.
- Gross Receipts: $99,020
Assets and Liabilities:
- Total Assets: $14,384
- Total Liabilities: $0
- Net Assets: $14,384
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Organization Details
Founding Year
2015
Phone
(973) 477-8812Principal Officer
Osher Diamant
Main Address
172 CLINTON LANE, SPRING VALLEY, NY, 10977
NTEE Category
Code: T90 - Philanthropy
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