Overview
What is American Friends Of Derech Chochma Inc?
American Friends Of Derech Chochma Inc is a charitable organization based in Brooklyn, New York, specifically at 1035 East 16th Street. Their primary mission is to support various institutions and individuals dedicated to aiding and assisting Jewish Orthodox religious institutions both domestically and internationally. They accomplish this by providing grants, funding, and financial assistance. The organization aims to foster and promote benevolent activities through the support of Jewish Orthodox religious institutions, contributing to charitable causes in various countries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
American Friends Of Derech Chochma Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial transparency. While the organization does have a fully independent board and no reported material diversion of assets, it lacks important financial documentation, which has heavily impacted its overall score.
The charity's strengths lie in its program expense ratio, which is notably high at 98.98%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. However, the absence of key financial statements, a conflict of interest policy, and other governance documents raises questions about its operational practices and adherence to best practices in nonprofit management.
Overall, while American Friends Of Derech Chochma Inc shows a commitment to program funding, its significant gaps in financial transparency and governance policies could be concerning for potential donors. Without improvement in these areas, the organization may struggle to build trust and credibility within the philanthropic community.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Derech Chochma Inc legitimate?
American Friends Of Derech Chochma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Derech Chochma 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 American Friends Of Derech Chochma Inc?
American Friends of Derech Chochma Inc's mission is to promote and support charitable activities through grants, funding, and financial assistance. This is done for various individuals, institutions, and organizations dedicated to aiding and assisting Jewish Orthodox religious institutions both in the United States and abroad. The organization also seeks to encourage, stimulate, foster, and promote charitable and benevolent activities by supporting Jewish Orthodox religious institutions in various domestic and foreign countries.
Who is the CEO of American Friends Of Derech Chochma Inc?
Eliezer Silver is the Director of American Friends Of Derech Chochma Inc.
What is the revenue of American Friends Of Derech Chochma Inc?
American Friends Of Derech Chochma Inc's revenue in 2022 was $805,948.
Who are the executives of American Friends Of Derech Chochma Inc and what are their salaries?
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 American Friends Of Derech Chochma Inc?
American Friends Of Derech Chochma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Derech Chochma Inc
American Friends of Derech Chochma Inc is an organization dedicated to promoting and supporting charitable activities. Their mission is twofold: firstly, they provide grants, funding, and financial assistance to various individuals, institutions, and organizations that are committed to aiding and assisting Jewish Orthodox religious institutions both in the United States and abroad. Secondly, they strive to encourage, stimulate, foster, and promote charitable and benevolent activities through the support of Jewish Orthodox religious institutions in various countries. In essence, American Friends of Derech Chochma Inc seeks to make a positive impact on Jewish Orthodox religious institutions worldwide, ensuring they have the necessary resources to carry out their charitable work effectively.
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Impact
July, 2024
American Friends Of Derech Chochma Inc's impact lies in providing vital support to selected charitable activities dedicated to aiding and assisting Jewish orthodox religious institutions in the United States and abroad. By offering grants, funding, and financial assistance to various individuals, institutions, and organizations, this organization plays a crucial role in fostering and promoting charitable and benevolent activities within the Jewish Orthodox community. Additionally, American Friends Of Derech Chochma Inc supports Yeshiva Derech Chochma in Israel and other religious and educational institutions, thereby contributing to the growth and sustainability of these vital institutions.
This information is meant to be a general summary of American Friends Of Derech Chochma 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: $805,948
Assets and Liabilities:
- Total Assets: $3,904
- Total Liabilities: $272,000
- Net Assets: -$268,096
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Organization Details
Phone
(718) 692-1212Principal Officer
Eliezer Silver
Main Address
1035 EAST 16TH STREET, BROOKLYN, NY, 11230
NTEE Category
Code: Q33 - International
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