Overview
What is Derech Inc?
Derech Inc, based in Brooklyn, New York, is a nonprofit organization that plays a significant role in fostering religious identity and lifestyle. They accomplish this by contracting with religious educational institutions for a full year's worth of religious educational courses. The organization's mission is to encourage and promote religious education and living, hence instilling a moral lifestyle in its registrants. With a modest workforce of 4 individuals, Derech Inc strives to make a meaningful impact in the lives of those who engage with their programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Derech Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has a solid program expense ratio of 96.57%, suggesting that the majority of its funds are directed towards its mission-based activities. The presence of a conflict of interest policy and a whistleblower policy signifies a commitment to ethical governance.
However, there are notable weaknesses in the organization’s financial transparency. The absence of financial statements and missing key documents, such as tax forms on their website, contributed to a low score in accountability. Additionally, while the board has a majority of independent members, the overall independent board size is limited, which may impact governance effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Derech Inc legitimate?
Derech Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Derech 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: $85,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,934
For more financial information, click here
What is the mission statement of Derech Inc?
Derech Inc, as an organization, is committed to promoting the encouragement of religious identity and lifestyle. Their mission involves supporting this cause through religious education. They achieve this by partnering with various religious educational institutions for a full year, providing religious educational courses. The aim is to instill in the registrants a sense of moral living, thereby fostering a strong religious identity and lifestyle.
Who is the CEO of Derech Inc?
Neil Brickman is the President of Derech Inc.
What is the revenue of Derech Inc?
Derech Inc's revenue in 2022 was $1,505,996.
Who are the executives of Derech Inc and what are their salaries?
The average compensation at Derech Inc during 2022 was $35,090. There are 4 employees at Derech Inc.
Here are 3 key members and their salaries:
- Compensation: $67,924
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $17,500
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Derech Inc?
Derech Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Derech Inc
Derech Inc, an organization dedicated to its mission, plays a significant role in promoting and fostering religious identity and lifestyle. Its primary objective is to provide religious education and instill a moral lifestyle in individuals. To achieve this, Derech Inc enters into agreements with various religious educational institutions, offering a comprehensive year-long course program. Through these courses, registrants are guided towards embracing their religious identity and incorporating it into their daily lives, thereby fostering a moral lifestyle.
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Impact
July, 2024
Derech Inc's impact is significant in supporting the encouragement of religious identity and lifestyle. By contracting with religious educational institutions to provide a full year of religious educational courses, the organization plays a crucial role in instilling a moral lifestyle in its registrants. This initiative helps individuals deepen their connection to their faith and community, fostering a sense of identity and values that guide their personal and social behavior. In essence, Derech Inc's work contributes to the preservation and promotion of religious education and lifestyle within the community, making a lasting impact on the individuals it serves.
This information is meant to be a general summary of Derech 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.
- Investment Income: $430
- Program Service Revenue: $640,683
- Gross Receipts: $1,505,996
Assets and Liabilities:
- Total Assets: $115,366
- Total Liabilities: $0
- Net Assets: $115,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$640,683
Organization Details
Founding Year
2003
Phone
(917) 687-6319Principal Officer
Neil Brickman
Main Address
127 BEVERLY RD, BROOKLYN, NY, 11218
NTEE Category
Code: B82 - Education
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