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Degel Yerushalayim Cultural Fund

Co Lj Septimus & Co

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521456037 ✦ Montvale, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Degel Yerushalayim Cultural Fund?

The Degel Yerushalayim Cultural Fund is a philanthropic organization situated at 180 Summit Ave, Ste 202, Montvale, New Jersey. Its primary mission is to provide financial support for the Israel Degel Cultural Fund, which in turn offers cultural services to Israeli students. This nonprofit organization, known as Co LJ Septimus & Co in some contexts, aims to enrich the cultural experiences of Israeli students through its funding activities.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (71%, Two-Star out of Four Star rating)

The Degel Yerushalayim Cultural Fund has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its governance and transparency practices. The organization's overall score is primarily derived from its accountability and finance practices, where it notably achieved a perfect score in program expense ratio, demonstrating a strong commitment to using its resources effectively toward its mission.

However, significant concerns are highlighted in the governance area. The organization has no independent board members, which raises questions about oversight and decision-making processes. Additionally, critical documents such as board meeting minutes and tax forms are missing from its website, further limiting transparency and accountability. While the fund has established policies for conflict of interest and whistleblower protection, the lack of independent oversight and documentation could hinder donor confidence.

Overall, while the Degel Yerushalayim Cultural Fund exhibits strengths in program expense allocation, its governance practices require significant enhancement to meet best practices in nonprofit management, as indicated by its low scores in board independence and transparency metrics.


This AI summary has been generated from information found on Charity Navigator.

Is Degel Yerushalayim Cultural Fund legitimate?

Degel Yerushalayim Cultural Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Degel Yerushalayim Cultural 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 Degel Yerushalayim Cultural Fund?

The Degel Yerushalayim Cultural Fund's mission is centered around providing financial support for cultural services. This organization aims to enrich the cultural experiences of Israeli students by distributing funds for relevant activities. Their mission is to foster a culturally enriched environment for students, contributing to their personal growth and development. The fund's activities primarily focus on providing financial assistance for cultural events, workshops, and programs that cater to the interests and needs of Israeli students. Through these initiatives, the Degel Yerushalayim Cultural Fund seeks to promote cultural awareness and appreciation among young individuals.

Who is the CEO of Degel Yerushalayim Cultural Fund?

Naftali Porush is the President of Degel Yerushalayim Cultural Fund.

What is the revenue of Degel Yerushalayim Cultural Fund?

Degel Yerushalayim Cultural Fund's revenue in 2022 was $72,486.

Who are the executives of Degel Yerushalayim Cultural Fund and what are their salaries?


Here are 5 key members and their salaries:


Alan Gibber (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yosef Sochaczwsky (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eli Mendlowitz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Naftali Porush (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aron Davis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Degel Yerushalayim Cultural Fund?

Degel Yerushalayim Cultural Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Degel Yerushalayim Cultural Fund

The Degel Yerushalayim Cultural Fund is dedicated to providing financial support for cultural services aimed at benefiting Israeli students. Its mission is to allocate funds for cultural activities, thereby enriching the educational experiences of these students. By offering cultural services, the fund contributes to the personal growth and development of Israeli students, fostering a well-rounded and enlightened society.

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Impact




August, 2024

Degel Yerushalayim Cultural Fund's impact lies in its support for cultural services for Israeli students. By providing funds for cultural programs, the organization contributes to the enrichment of the educational experience for Israeli students. This support helps to foster a greater appreciation for the arts, history, and heritage among young individuals, ultimately shaping a more culturally aware and knowledgeable generation in Israel.




This information is meant to be a general summary of Degel Yerushalayim Cultural 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.

Revenue
$72,486 (2022)
Expenses
$47,345 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $72,486

Assets and Liabilities:

  • Total Assets: $39,927
  • Total Liabilities: $0
  • Net Assets: $39,927

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Organization Details

Founding Year

1985

Principal Officer

Naftali Porush

Main Address

180 SUMMIT AVE STE 202, MONTVALE, NJ, 07645

NTEE Category

Code: Q22I - International

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