Overview
What is Ozer Olam Inc?
Ozer Olam Inc is a nonprofit organization situated in Lakewood, New Jersey, with an address at 13 Clayton Court. Their primary mission is to support educational institutions and aid indigent scholars through grant distributions based on need. Additionally, they organize and facilitate various educational events and opportunities globally to promote learning and growth. By providing assistance to educational organizations, supporting financially disadvantaged students, and hosting educational events, Ozer Olam Inc aims to contribute positively to the global education community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 47% (Zero-Star out of Four Star rating)
Ozer Olam Inc has received a low rating of 47%, which is primarily based on its Accountability & Finance metrics. The Zero-Star rating highlights significant concerns regarding various financial practices and governance measures. While the organization has a fully independent board, it lacks a clearly defined board size and has received low scores in key areas such as financial statements and essential policies.
Despite the challenges, the organization demonstrates strengths in program expense and fundraising efficiency ratios, indicating that funds are directly going towards their intended programs, which may reflect a commitment to their mission. However, the absence of proper financial documentation and governance policies raises red flags about transparency and management.
Overall, the low rating suggests that while Ozer Olam Inc may effectively channel funds towards its programs, there are critical areas for improvement in financial accountability and governance practices that potential donors and stakeholders should consider before supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ozer Olam Inc legitimate?
Ozer Olam Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ozer Olam 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: $1,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ozer Olam Inc?
Ozer Olam Inc is committed to supporting educational organizations and aiding indigent scholars. They accomplish this by issuing grants based on specific needs, thereby providing financial assistance to those in need. Additionally, Ozer Olam Inc organizes and facilitates educational events and opportunities worldwide, promoting learning and growth for a diverse range of individuals. Their mission is to make education more accessible and equitable for all, fostering a better-informed and more empowered global community.
Who is the CEO of Ozer Olam Inc?
Yeshaya Krispin is the Trustee of Ozer Olam Inc.
What is the revenue of Ozer Olam Inc?
Ozer Olam Inc's revenue in 2022 was $2,118,365.
Who are the executives of Ozer Olam Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $1,025
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ozer Olam Inc?
Ozer Olam Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ozer Olam Inc
Ozer Olam Inc, a nonprofit organization, is dedicated to supporting educational initiatives and aiding indigent scholars. Their mission is multifaceted, encompassing three key areas. Firstly, they offer assistance to various educational organizations, providing them with the resources they need to thrive. Secondly, Ozer Olam Inc extends a helping hand to financially struggling students by issuing grants based on specific needs-based criteria. Lastly, this nonprofit organization goes beyond direct financial aid, also providing educational events and opportunities on a global scale. By doing so, Ozer Olam Inc aims to contribute to the broader educational landscape and empower individuals who may otherwise face financial barriers to their educational pursuits.
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Impact
July, 2024
Ozer Olam Inc's impact can be seen in its dedication to providing assistance to educational organizations and supporting indigent scholars through grants based on needs-based criteria. By organizing educational events and opportunities around the world, Ozer Olam Inc is actively working to empower individuals in need and promote education as a cornerstone for personal development and success. This commitment to supporting education not only uplifts individuals but also contributes to building a more knowledgeable and skilled global community.
This information is meant to be a general summary of Ozer Olam 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: $2,118,365
Assets and Liabilities:
- Total Assets: $31,086
- Total Liabilities: $44,422
- Net Assets: -$13,336
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Organization Details
Founding Year
2016
Phone
(917) 449-3969Principal Officer
Yeshaya Krispin
Main Address
13 CLAYTON COURT, LAKEWOOD, NJ, 08701
NTEE Category
Code: B90 - Education
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