Overview
What is Sephardic Mikveh Of Midwood Inc?
Sephardic Mikveh Of Midwood Inc, headquartered in New York City, is a nonprofit organization with a mission to construct, operate, and maintain a Jewish ritual bath, known as a "mikveh," for the local Jewish community. In October 2018, they acquired a vacant lot at 607 Avenue K, Brooklyn, to fulfill this mission. The organization's purpose is to provide a sacred space for Jewish traditions and rituals, contributing to the spiritual well-being of the community. Although the information provided does not specify the extent of their outreach or additional services, it is clear that Sephardic Mikveh Of Midwood Inc is dedicated to serving the Jewish community in New York with a vital religious facility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star Rating)
Sephardic Mikveh Of Midwood Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating is based solely on the charity's Accountability & Finance score, which stands at 78%. The organization has demonstrated strong governance practices, including an independent board comprised entirely of independent members, scoring 8 out of 8 points in that category.
Strengths of the organization include a lack of material diversion of assets and the presence of comprehensive policies such as conflict of interest, whistleblower, and document retention. These policies are crucial for ensuring transparency and ethical management. Additionally, the organization maintains a favorable liabilities to assets ratio of 11.71%, reflecting financial stability, and its program expense ratio is also commendable at 69.20%, indicating a significant portion of its funds are directed towards its programs.
While the financial metrics are strong, the rating suggests that there may still be room for improvement in other operational areas, as the overall score is derived entirely from the accountability aspect. Nonetheless, Sephardic Mikveh Of Midwood Inc appears to be managing its resources effectively and adhering to best practices in governance.
This AI summary has been generated from information found on Charity Navigator.
Is Sephardic Mikveh Of Midwood Inc legitimate?
Sephardic Mikveh Of Midwood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sephardic Mikveh Of Midwood 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 Sephardic Mikveh Of Midwood Inc?
Sephardic Mikveh Of Midwood Inc is an organization dedicated to constructing, operating, and maintaining a Jewish ritual bath, known as a mikveh, for the Jewish community. Their mission is to provide this essential religious facility, as specified in Jewish law. In October 2018, they acquired a vacant lot in Brooklyn, New York, with the intention of utilizing it for constructing, operating, and maintaining the mikveh.
Who is the CEO of Sephardic Mikveh Of Midwood Inc?
Albert Cohen is the President of Sephardic Mikveh Of Midwood Inc.
What is the revenue of Sephardic Mikveh Of Midwood Inc?
Sephardic Mikveh Of Midwood Inc's revenue in 2022 was $1,306,322.
Who are the executives of Sephardic Mikveh Of Midwood Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Sephardic Mikveh Of Midwood Inc?
Sephardic Mikveh Of Midwood Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sephardic Mikveh Of Midwood Inc
Sephardic Mikveh Of Midwood Inc, a nonprofit organization, is dedicated to constructing, operating, and maintaining a Jewish ritual bath, known as a mikveh, for the Jewish community. Their mission is to provide a sacred space that adheres to Jewish law, serving as a vital facility within the community. By acquiring a vacant lot in Brooklyn, New York, in October 2018, Sephardic Mikveh Of Midwood Inc has taken significant steps towards realizing this mission, aiming to construct, operate, and maintain this essential religious facility for the Jewish community.
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Impact
July, 2024
Sephardic Mikveh Of Midwood Inc's impact is significant in providing a vital religious service to the Jewish community in New York. By constructing, operating, and maintaining a mikveh, the organization is helping to meet an important spiritual need for individuals adhering to Jewish law. This initiative plays a crucial role in preserving and promoting religious traditions, fostering community cohesion, and supporting the cultural heritage of the Jewish population in New York.
This information is meant to be a general summary of Sephardic Mikveh Of Midwood 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: $1,306,322
Assets and Liabilities:
- Total Assets: $5,809,334
- Total Liabilities: $0
- Net Assets: $5,809,334
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Organization Details
Founding Year
2016
Phone
(212) 204-3450Principal Officer
Albert Cohen
Main Address
CENTURION REALTY 500 5TH AVE 39 F, NEW YORK, NY, 10110
NTEE Category
Code: X30 - Religion related
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