Overview
What is Kollel Torah Inc?
Kollel Torah Inc, based in Monsey, New York, is a nonprofit organization that adheres to its exempt purpose by distributing funds. The primary mission of Kollel Torah Inc is to aid various institutions dedicated to Bible study and Talmudic research. The organization's activities are centered around supporting these educational institutions, contributing to the ongoing exploration and understanding of religious texts and teachings. Kollel Torah Inc's location in Monsey, New York, 17 Overhill Road, serves as a base for its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Kollel Torah Inc has achieved a strong rating of 94%, indicating a high level of accountability and financial management. This rating reflects the organization's commitment to transparency, as evidenced by its perfect scores in key areas such as independent board membership, financial statements, and governance practices. The charity has no material diversion of assets, and it has established comprehensive policies regarding conflict of interest and whistleblower protections.
The organization demonstrates an impressive program expense ratio of 98.61%, suggesting that nearly all of its funding is directed toward its mission-related activities. This efficiency is crucial for potential donors who prioritize impactful giving. Additionally, the charity maintains a solid liabilities to assets ratio of 0.00%, which indicates a strong financial position and effective management of resources.
While the data reflects many strengths in governance and financial practices, the summary lacks insights into the specific programs and impacts of Kollel Torah Inc's activities. Potential donors and supporters may wish to seek further information regarding the charity's direct contributions to its community and beneficiaries for a more comprehensive understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Kollel Torah Inc legitimate?
Kollel Torah Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kollel Torah 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 Kollel Torah Inc?
Kollel Torah Inc's mission is centered around supporting various institutions engaged in Bible study and Talmudic research. The organization actively disburses funds in line with its exempt purpose, contributing to these educational institutions. By doing so, Kollel Torah Inc aims to facilitate scholarly pursuits in religious texts and foster a deeper understanding of religious teachings.
Who is the CEO of Kollel Torah Inc?
Unavailable
What is the revenue of Kollel Torah Inc?
Kollel Torah Inc's revenue in 2022 was $1,184,246.
Who are the executives of Kollel Torah Inc and what are their salaries?
There 1 volunteer at Kollel Torah 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 Kollel Torah Inc?
Kollel Torah Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kollel Torah Inc
Kollel Torah Inc, as a nonprofit organization, is dedicated to supporting various institutions engaged in Bible study and Talmudic research. Its mission is to channel funds toward these institutions in line with its exempt purpose. By doing so, Kollel Torah Inc contributes to the advancement of biblical and Talmudic studies, fostering a deeper understanding and appreciation of these sacred texts. The organization's role is instrumental in supporting these institutions, thereby driving scholarly discourse and knowledge in these fields.
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Impact
July, 2024
Kollel Torah Inc's impact is significant in supporting various institutions for Bible study and Talmudic research. By providing funds in accordance with its exempt purpose, the organization plays a crucial role in promoting and preserving religious education and scholarship in the Monsey, NY, area. Its mission to support these institutions ensures that important religious teachings and traditions continue to thrive and be passed down to future generations.
This information is meant to be a general summary of Kollel Torah 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: $1,184,246
Assets and Liabilities:
- Total Assets: $121,971
- Total Liabilities: $0
- Net Assets: $121,971
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Organization Details
Founding Year
2016
Phone
(845) 352-6837Main Address
17 OVERHILL ROAD, MONSEY, NY, 10952
NTEE Category
Code: X30 - Religion related
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