Overview
What is Tov Latet Inc?
Tov Latet Inc, situated in Brooklyn, New York, functions as a nonprofit organization. Their primary mission is to alleviate poverty within the Jewish community by awarding grants to both individuals and organizations in need. Over the course of their operations, they have extended financial aid to 13 organizations and 17 individuals, thereby making a significant impact on their recipient's lives. The precise location of their headquarters is at 1025 40th Street.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 71%)
Tov Latet Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization scores well in certain areas, such as maintaining an independent board with 100% of its members being independent and no material diversion of assets reported. Additionally, it boasts a high program expense ratio of 97.31%, suggesting that the majority of its funding is directed towards its programs.
However, there are significant gaps in the organization's financial transparency. Tov Latet Inc has not provided financial statements, nor are essential policies like whistleblower and document retention policies available. Furthermore, the organization's website is not listed on its tax form, and it fails to post its tax forms on its website, which raises concerns about accessibility and transparency for potential donors and stakeholders.
Overall, while Tov Latet Inc demonstrates strengths in independent governance and program spending, it must address its lack of financial documentation and policies to enhance its accountability and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Tov Latet Inc legitimate?
Tov Latet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tov Latet 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
For more financial information, click here
What is the mission statement of Tov Latet Inc?
Tov Latet Inc's mission is centered around providing aid to those in need. This is carried out by issuing grants to both organizations and individuals who are facing poverty. The organization's primary objective is to alleviate Jewish poverty, as evidenced by the grants they have awarded to 13 organizations and 17 individuals. By providing these grants, Tov Latet Inc aims to make a tangible difference in the lives of those who are struggling financially. The organization's activities are focused on this mission, working to ensure that aid reaches those who need it most.
Who is the CEO of Tov Latet Inc?
Shmuel Shmelka Schorr is the President of Tov Latet Inc.
What is the revenue of Tov Latet Inc?
Tov Latet Inc's revenue in 2022 was $502,571.
Who are the executives of Tov Latet Inc and what are their salaries?
There 3 volunteers at Tov Latet Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tov Latet Inc?
Tov Latet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tov Latet Inc
Tov Latet Inc, a nonprofit organization, is dedicated to providing financial assistance to individuals and organizations in need. Their primary mission is to alleviate poverty within the Jewish community by granting funds. Over the past year, they have distributed grants to a total of 30 beneficiaries, including 13 organizations and 17 individuals. By offering these grants, Tov Latet Inc aims to make a tangible difference in the lives of those struggling financially, providing them with much-needed relief and support.
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Impact
July, 2024
Tov Latet Inc's impact is evident in the direct support it provides to needy individuals and organizations in order to alleviate Jewish poverty. Through the awarding of grants to 13 organizations and 17 individuals, Tov Latet Inc plays a crucial role in addressing the financial challenges faced by those in need within the Jewish community. Their mission to provide grants underscores their commitment to making a tangible difference in the lives of those struggling with poverty.
This information is meant to be a general summary of Tov Latet 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: $1,021
- Gross Receipts: $502,571
Assets and Liabilities:
- Total Assets: $382,243
- Total Liabilities: $0
- Net Assets: $382,243
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Organization Details
Founding Year
2016
Phone
(917) 801-4555Principal Officer
Shmuel Shmelka Schorr
Main Address
1025 40TH ST, BROOKLYN, NY, 11218
NTEE Category
Code: P12 - Human services
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