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Friends Of Life Inc

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

EIN: 760748561 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of Life Inc?

Friends of Life Inc is a nonprofit organization dedicated to supporting Jewish individuals worldwide. Their primary mission involves funding and establishing outreach centers globally, providing a platform for Jews to deepen their understanding of their heritage. These centers serve as educational hubs where rabbis engage in worldwide outreach, instructing Jews about their religion. The organization also supports these rabbis financially in their endeavors to spread religious knowledge and foster a stronger Jewish community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 50%, One-Star out of Four Star rating.

Friends Of Life Inc has received a low rating primarily due to significant shortcomings in governance and transparency. With an overall score of 50%, the organization lacks independent board members and has not established key policies such as conflict of interest and whistleblower protections. The absence of these essential governance structures raises concerns about accountability, which is a critical aspect for donors and stakeholders.

Despite its governance issues, the organization demonstrates a strong commitment to its mission, as indicated by a high program expense ratio of 83.71%. This suggests that the majority of its funding is directed toward its programs rather than administrative costs. However, the lack of a publicly accessible tax form and missing documentation relating to board meeting minutes further detracts from its transparency.

Overall, while Friends Of Life Inc manages to allocate a significant portion of its resources to its programs, its governance practices and transparency issues warrant caution for potential donors. Without substantial improvements in accountability and policy implementation, the organization may struggle to build trust and credibility within the community it serves.


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

Is Friends Of Life Inc legitimate?

Friends Of Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Life Inc submitted a form 990EZ, 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.

What is the mission statement of Friends Of Life Inc?

Friends of Life Inc's mission is centered around funding and establishing outreach centers globally, providing a space for Jews to deepen their understanding of their heritage. The organization also supports rabbis in their worldwide endeavors to educate Jews about their religion, thereby promoting the spread of Jewish teachings and traditions.

Who is the CEO of Friends Of Life Inc?

Joseph Wolhendler is the Trustee of Friends Of Life Inc.

What is the revenue of Friends Of Life Inc?

Friends Of Life Inc's revenue in 2022 was $62,100.

Who are the executives of Friends Of Life Inc and what are their salaries?


Here are 2 key members and their salaries:


Joseph Wolhendler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Saul Wolhendler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Friends Of Life Inc?

Friends Of Life Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Friends Of Life Inc

Friends of Life Inc is an organization dedicated to a significant mission. They aim to fund and establish outreach centers worldwide, providing a platform for Jews to immerse themselves in their heritage. The primary objective of these centers is to serve as educational hubs, where Jews can learn about their religion from rabbis engaged in global outreach work. By financing these religious leaders, Friends of Life Inc supports their efforts in spreading knowledge and understanding of Judaism among Jews worldwide.

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Impact




August, 2024

Friends Of Life Inc's impact is significant in funding and establishing outreach centers worldwide for Jews to learn about their heritage. By supporting rabbis in their global outreach work to educate Jews about their religion, they are ensuring the preservation and dissemination of Jewish culture and tradition. Their mission of promoting knowledge and understanding of Jewish heritage on an international scale is crucial in fostering a sense of community and connection among Jews worldwide.




This information is meant to be a general summary of Friends Of Life Inc. 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
$62,100 (2022)
Expenses
$102,086 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $62,100

Assets and Liabilities:

  • Total Assets: $251,276
  • Total Liabilities: $0
  • Net Assets: $251,276

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Organization Details

Principal Officer

Joseph Wolhendler

Main Address

81 EAGLE RIDGE CIRCLE, LAKEWOOD, NJ, 08701

NTEE Category

Code: Q20 - International

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