Overview
What is Bet Midrash Ohel Torah?
Bet Midrash Ohel Torah is a post-secondary educational institution situated in Lakewood, New Jersey, at 1126 Carolina Street. With a focus on Sephardic and Middle Eastern Jewish traditions, it offers rabbinical training to approximately 70 students. This nonprofit organization operates with a dedicated team of just two individuals, committed to upholding and nurturing these specific Jewish practices within the realm of higher education.
What are the reviews and ratings of this charity?
Charity Navigator rating: 77%, Three-Star out of Four Star rating.
Bet Midrash Ohel Torah has achieved a solid Three-Star rating, indicating a commendable level of accountability and financial health. The organization scored highly in various critical areas, such as having a fully independent board and a strong audit and oversight committee. With no reported material diversions of assets and a thorough conflict of interest policy, the organization demonstrates a commitment to transparency and ethical governance.
Financially, the charity showcases robust program expense efficiency, with nearly 90% of expenses directed towards its programs, reflecting its focus on mission-related activities. The working capital ratio of 1.06 years indicates that the organization is in a stable financial position, which is essential for its sustainability and ongoing operations.
While the overall rating is positive, there are no specific limitations or areas of concern mentioned. However, continuous improvement in program impact and outreach could further enhance its reputation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Bet Midrash Ohel Torah legitimate?
Bet Midrash Ohel Torah is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bet Midrash Ohel Torah 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: $138,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $585,943
For more financial information, click here
What is the mission statement of Bet Midrash Ohel Torah?
Bet Midrash Ohel Torah operates as a post-secondary educational institution, focusing primarily on providing rabbinical training within the context of Sephardic and Middle Eastern Jewish traditions. Its mission is centered around this educational pursuit, aiming to shape future religious leaders with a deep understanding of these specific Jewish traditions. With around 70 students, the institution fosters an environment that encourages the preservation and advancement of these unique religious practices and beliefs.
What is the revenue of Bet Midrash Ohel Torah?
Bet Midrash Ohel Torah's revenue in 2023 was $3,018,536.
Who are the executives of Bet Midrash Ohel Torah and what are their salaries?
The average compensation at Bet Midrash Ohel Torah during 2023 was $362,412. There are 2 employees at Bet Midrash Ohel Torah.
Here are 5 key members and their salaries:
- Compensation: $28,800
- Related: $0
- Other: $20,725
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $42,000
- Related: $0
- Other: $27,280
- Compensation: $0
- Related: $0
- Other: $36,500
Where can I find the form 990 for Bet Midrash Ohel Torah?
Bet Midrash Ohel Torah's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bet Midrash Ohel Torah
Bet Midrash Ohel Torah is a post-secondary educational institution that is committed to providing rabbinical training with a focus on Sephardic and Middle Eastern Jewish traditions. Its mission is to operate as a hub for the advancement of religious leaders who embrace these cultural backgrounds. With approximately 70 students, Bet Midrash Ohel Torah is dedicated to nurturing future spiritual leaders who can uphold and promote these unique Jewish traditions within their communities.
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Impact
July, 2024
Bet Midrash Ohel Torah's impact lies in its unique focus on providing rabbinical training with a specific emphasis on the Sephardic/Middle Eastern Jewish tradition. By offering specialized education to approximately 70 students in Lakewood, NJ, this institution plays a crucial role in preserving and promoting this specific cultural and religious heritage. Through its mission, Bet Midrash Ohel Torah contributes to the continuity and flourishing of Sephardic/Middle Eastern Jewish practices and scholarship, ensuring that future generations are equipped to carry on this important tradition.
This information is meant to be a general summary of Bet Midrash Ohel Torah. 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.
- Program Service Revenue: $402,286
- Gross Receipts: $3,028,536
Assets and Liabilities:
- Total Assets: $5,110,081
- Total Liabilities: $2,539,693
- Net Assets: $2,570,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$402,286
Organization Details
Founding Year
2015
Principal Officer
Yaakov Harari
NTEE Category
Code: B40 - Education
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