Overview
What is Foundation For The Preservation & Perpetuation Of Torah Laws & Customs?
The Foundation For The Preservation & Perpetuation Of Torah Laws & Customs is a nonprofit organization situated in Baltimore, Maryland. With a team of five dedicated individuals, its primary mission is to oversee and manage "cholov yisroel" products. These products adhere to specific religious customs and are subsequently delivered to distributing organizations. The organization extends its support by providing grants to other nonprofits that share its commitment to upholding these religious practices and traditions.
What are the reviews and ratings of this charity?
**: Two Stars (Charity Navigator Rating 65%) - Needs Improvement**ment**
The Foundation for the Preservation & Perpetuation of Torah Laws & Customs has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain accountability and finance metrics. The overall score is derived solely from its Accountability & Finance category, reflecting the charity's focus on financial health and governance practices. While the organization scored well in some areas, such as having a majority of independent board members and a favorable liabilities to assets ratio, it faces significant deficits in transparency, specifically regarding missing financial statements and various essential policies.
Strengths noted include a high program expense ratio, suggesting that a large proportion of its spending goes directly to its charitable activities. However, the lack of certain governance policies and documentation raises questions about the organization's commitment to transparency and accountability. The absence of critical documents, such as board meeting minutes and a publicly listed conflict of interest policy, is a major limitation in its operational practices.
Unfortunately, user reviews from GreatNonprofits could not be retrieved for this organization, limiting insights into the general sentiment and experiences of those interacting with it. Overall, while the organization demonstrates some strengths in its financial management, critical gaps in governance practices highlight areas for potential growth.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The Preservation & Perpetuation Of Torah Laws & Customs legitimate?
Foundation For The Preservation & Perpetuation Of Torah Laws & Customs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Preservation & Perpetuation Of Torah Laws & Customs 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: $28,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,986
For more financial information, click here
What is the mission statement of Foundation For The Preservation & Perpetuation Of Torah Laws & Customs?
The Foundation For The Preservation & Perpetuation Of Torah Laws & Customs is dedicated to overseeing and processing "cholov yisroel" products. Its primary mission involves ensuring the quality and adherence of these products to specific religious laws. The organization also facilitates the delivery of these products to distributing organizations. Furthermore, the foundation grants funds to other exempt organizations that share the same objective of promoting and upholding religious customs and practices related to food production.
What is the revenue of Foundation For The Preservation & Perpetuation Of Torah Laws & Customs?
Foundation For The Preservation & Perpetuation Of Torah Laws & Customs's revenue in 2023 was $10,893,942.
Who are the executives of Foundation For The Preservation & Perpetuation Of Torah Laws & Customs and what are their salaries?
The average compensation at Foundation For The Preservation & Perpetuation Of Torah Laws & Customs during 2023 was $35,738. There are 5 employees at Foundation For The Preservation & Perpetuation Of Torah Laws & Customs.
Here are 6 key members and their salaries:
- Compensation: $28,704
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Foundation For The Preservation & Perpetuation Of Torah Laws & Customs?
Foundation For The Preservation & Perpetuation Of Torah Laws & Customs's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Foundation For The Preservation & Perpetuation Of Torah Laws & Customs
The Foundation For The Preservation & Perpetuation Of Torah Laws & Customs is dedicated to overseeing and processing "cholov yisroel" products. This mission involves ensuring that these products adhere to specific religious principles and customs. The organization's role extends beyond just processing these products; it also facilitates their delivery to distributing organizations. Furthermore, the Foundation grants funds to other exempt organizations with the objective of advancing its mission and promoting the furtherance of its exempt function.
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Impact
July, 2024
The Foundation For the Preservation & Perpetuation Of Torah Laws & Customs has a significant impact on the distribution of "cholov yisroel" products to various organizations. By supervising and processing these products, the Foundation ensures that they meet the necessary religious standards and are delivered to distributing organizations efficiently. Through grants to other exempt organizations with similar missions, the Foundation further promotes its goal of upholding Torah laws and customs related to food consumption. This work not only supports religious practices but also strengthens cultural traditions within the community.
This information is meant to be a general summary of Foundation For The Preservation & Perpetuation Of Torah Laws & Customs. 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.
- Investment Income: $3,944
- Program Service Revenue: $10,887,616
- Gross Receipts: $10,961,856
Assets and Liabilities:
- Total Assets: $1,399,366
- Total Liabilities: $0
- Net Assets: $1,399,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Cholov yisroel products
Revenue
$10,887,616
Organization Details
Founding Year
1973
Principal Officer
Chaya Shalvah Shafran
NTEE Category
Code: X30Z - Religion related
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