Overview
What is Friends Of Tiferet Tzion Inc?
Friends of Tiferet Tzion Inc is a nonprofit organization situated in Lakewood, New Jersey, with a specific mission to foster the study of Torah. They primarily support Yeshivat Tiferet Tzion, a renowned Torah institution in Israel, under the guidance of Rabbi Kanievsky. The majority of the funds raised by Friends of Tiferet Tzion Inc are allocated towards supporting Torah studies, with only a small portion set aside for administrative and management expenses. Their aim is to contribute to the growth of Jewish Law and Ethics through their backing of Yeshivos that strive for academic excellence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Friends Of Tiferet Tzion Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score is derived entirely from its accountability and finance metrics, which is particularly noteworthy in demonstrating transparency and effective financial management.
The organization showcases several strengths, including a fully independent board, consisting of three members, and an audit of financial statements that received full marks. Additionally, it has implemented robust policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its high accountability score.
Financially, Friends Of Tiferet Tzion Inc maintains a solid program expense ratio of 88.70%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Furthermore, it has no liabilities, which enhances its fiscal stability. Overall, the organization appears well-managed and focused on its mission, although specific programmatic achievements or impact metrics are not detailed in the available information.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Tiferet Tzion Inc legitimate?
Friends Of Tiferet Tzion Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Tiferet Tzion Inc 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: $44,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Friends Of Tiferet Tzion Inc?
Friends of Tiferet Tzion Inc's mission is centered around supporting the study of Torah, which encompasses Jewish Law and Ethics. Their primary objective is to aid Yeshivos, religious education centers, in achieving a high level of Torah study. The organization is committed to using the funds raised primarily for this purpose, with the exception of reasonable administrative expenses. Currently, they are supporting Yeshivat Tiferet Tzion, a renowned Torah institution in Israel under the leadership of a distinguished scholar.
Who is the CEO of Friends Of Tiferet Tzion Inc?
Yehoshua Privalsky is the Director of Friends Of Tiferet Tzion Inc.
What is the revenue of Friends Of Tiferet Tzion Inc?
Friends Of Tiferet Tzion Inc's revenue in 2022 was $1,183,599.
Who are the executives of Friends Of Tiferet Tzion Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $44,000
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of Tiferet Tzion Inc?
Friends Of Tiferet Tzion Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Tiferet Tzion Inc
Friends of Tiferet Tzion Inc is committed to supporting the study of Torah, which encompasses Jewish Law and Ethics. Their mission is specifically geared towards assisting Yeshivos, religious education centers, that strive for a high level of study. This nonprofit organization aims to channel its resources towards this noble cause, ensuring that the study of Torah remains a priority. Currently, Friends of Tiferet Tzion Inc supports Yeshivat Tiferet Tzion, a renowned Torah institution in Israel, under the guidance of Rabbi Kanievsky, a highly respected scholar and leader. The majority of the funds raised by this nonprofit are dedicated to supporting Torah study, with only reasonable administrative and management expenses being set aside.
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Impact
July, 2024
Friends Of Tiferet Tzion Inc's impact lies in supporting the study of Torah, particularly through its support of Yeshivat Tiferet Tzion in Israel. This institution, led by Rabbi Kanievsky, is recognized as one of the premier Torah institutions. By providing financial support to this yeshiva, Friends Of Tiferet Tzion Inc plays a vital role in fostering the study of Jewish Law and Ethics at a high level. The organization ensures that the funds raised are primarily dedicated to supporting Torah study, making a significant impact on the education and growth of individuals within the Jewish community.
This information is meant to be a general summary of Friends Of Tiferet Tzion 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,183,599
Assets and Liabilities:
- Total Assets: $58,824
- Total Liabilities: $0
- Net Assets: $58,824
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Organization Details
Founding Year
2004
Phone
(347) 262-3847Principal Officer
Yehoshua Privalsky
Main Address
13 Washington Ave, Lakewood, NJ, 08701
NTEE Category
Code: B82 - Education
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