Overview
What is Talmud Torah Chochmas Shlomo?
Talmud Torah Chochmas Shlomo is a nonprofit organization situated in New York, NY. Their primary focus lies in charitable religious activities, specifically providing financial assistance to disadvantaged organizations and promoting educational advancement programs within the area. They contribute to the community through grant distributions and educational initiatives, thereby supporting various religious and educational needs in the locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (45%)
Talmud Torah Chochmas Shlomo has received a low rating of 45% from Charity Navigator, resulting in a Zero-Star out of Four Stars designation. This score reflects significant concerns regarding accountability and financial transparency, with notable deficiencies in critical policies such as conflict of interest and whistleblower protections. The organization has a fully independent board; however, the board's size lacks adequate independent members, which raises concerns about governance.
On a positive note, the organization demonstrated a strong commitment to program expenses, achieving a 100% ratio, indicating that all funds were directed towards its mission-related activities. Additionally, there were no reported material diversions of assets, showcasing a level of integrity in financial conduct. However, the absence of financial statements and crucial policies such as a document retention plan and a publicly accessible website further detracts from its overall accountability.
Overall, while Talmud Torah Chochmas Shlomo is effectively utilizing its funds for programs, the organization must address significant gaps in governance, transparency, and compliance with best practices to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Talmud Torah Chochmas Shlomo legitimate?
Talmud Torah Chochmas Shlomo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Talmud Torah Chochmas 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
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What is the mission statement of Talmud Torah Chochmas Shlomo?
Talmud Torah Chochmas Shlomo is dedicated to carrying out charitable religious activities. They achieve this by offering grants to organizations in need and supporting educational advancement programs. The organization's mission primarily focuses on these two areas, aiming to make a positive impact in their religious community. Through these activities, Talmud Torah Chochmas Shlomo strives to contribute to the betterment of the society and promote religious values. Their charitable grants and educational programs aim to uplift and support individuals in need and foster knowledge in their community.
What is the revenue of Talmud Torah Chochmas Shlomo?
Talmud Torah Chochmas Shlomo's revenue in 2023 was $723,103.
Who are the executives of Talmud Torah Chochmas Shlomo and what are their salaries?
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 Talmud Torah Chochmas Shlomo?
Talmud Torah Chochmas Shlomo's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Talmud Torah Chochmas Shlomo
Talmud Torah Chochmas Shlomo is dedicated to carrying out charitable religious activities. This mission is accomplished through the organization's grant distribution to various needy organizations and its involvement in educational advancement programs. By providing these funds and resources, Talmud Torah Chochmas Shlomo works towards uplifting and supporting communities in New York, NY, focusing on religious and educational development.
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Impact
July, 2024
The impact of Talmud Torah Chochmas Shlomo lies in its support and promotion of charitable religious activities in New York, NY. Through grants to needy organizations and educational advancement programs, Talmud Torah Chochmas Shlomo contributes to the spiritual and educational growth of individuals and communities. Its work helps foster a sense of community, provides essential resources to those in need, and promotes religious education and understanding. Through its efforts, Talmud Torah Chochmas Shlomo contributes to the betterment of society and the fulfillment of its mission to support charitable religious activities.
This information is meant to be a general summary of Talmud Torah Chochmas 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 2023.
- Gross Receipts: $723,103
Assets and Liabilities:
- Total Assets: $9,110
- Total Liabilities: $7,413
- Net Assets: $1,697
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Organization Details
Founding Year
2004
Principal Officer
Jacob Weinreb
NTEE Category
Code: X12 - Religion related
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