Overview
What is Gemah Bet Yisrael Inc?
Gemah Bet Yisrael Inc, located in Brooklyn, New York, is a devoted nonprofit organization. Its primary mission is to promote the study and teaching of Torah, with a special focus on providing educational grants and living expense support for Torah scholars. By offering these financial resources, the organization aims to nurture and empower scholars, ensuring the continued growth and preservation of Torah education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 71%)
Gemah Bet Yisrael Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. The overall score of 71% reflects a strong performance in several accountability and financial aspects. The organization has a fully independent board and has successfully implemented a conflict of interest policy, demonstrating good governance practices.
Notably, Gemah Bet Yisrael Inc shows an impressive program expense ratio of 99.84%, indicating that nearly all of its expenditures are directed towards its programs. Additionally, the organization exhibits a strong financial position with a liabilities to assets ratio of 0.00%, showcasing effective asset management. This is a positive sign of financial health and commitment to its mission.
However, while the organization excels in governance and financial management, the two-star rating suggests there may be areas for growth. Stakeholders should consider these factors when assessing the overall impact and sustainability of the nonprofit's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Gemah Bet Yisrael Inc legitimate?
Gemah Bet Yisrael Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gemah Bet Yisrael 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Gemah Bet Yisrael Inc?
Gemah Bet Yisrael Inc's mission is centered around promoting Torah study and education. The organization demonstrates its commitment by providing funding for educational programs and scholarships, with a special focus on supporting Torah scholars. This support extends to providing living expense stipends or grants to these scholars, thereby enabling them to fully dedicate themselves to their scholarly pursuits. By doing so, Gemah Bet Yisrael Inc aims to foster a deeper understanding and appreciation of Torah, ultimately contributing to its preservation and dissemination.
Who is the CEO of Gemah Bet Yisrael Inc?
Irwin Shamah is the Director of Gemah Bet Yisrael Inc.
What is the revenue of Gemah Bet Yisrael Inc?
Gemah Bet Yisrael Inc's revenue in 2022 was $916,090.
Who are the executives of Gemah Bet Yisrael Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Gemah Bet Yisrael Inc?
Gemah Bet Yisrael Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gemah Bet Yisrael Inc
Gemah Bet Yisrael Inc is dedicated to the promotion of Torah by funding educational programs and study. Their primary focus is on supporting Torah scholars through educational grants and the provision of living expense stipends or grants. This nonprofit organization is committed to fostering a deep understanding and appreciation of Torah by investing in educational opportunities for scholars, thereby ensuring the continued study and preservation of this ancient tradition.
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Impact
July, 2024
Gemah Bet Yisrael Inc's impact is significant in promoting Torah study and education through funding various educational programs. They specifically focus on supporting Torah scholars by providing educational grants and living expense stipends or grants. This support enables Torah scholars to pursue their studies without financial obstacles, ultimately contributing to the preservation and advancement of Torah knowledge. Their commitment to philanthropy in this field directly contributes to the continuity and growth of Torah scholarship within the community.
This information is meant to be a general summary of Gemah Bet Yisrael 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: $916,090
Assets and Liabilities:
- Total Assets: $99,698
- Total Liabilities: $0
- Net Assets: $99,698
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Organization Details
Founding Year
2016
Phone
(917) 742-8942Principal Officer
Irwin Shamah
Main Address
901 QUENTIN ROAD, BROOKLYN, NY, 11223
NTEE Category
Code: T11 - Philanthropy
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