Overview
What is Mifal Mayunes Inc?
Mifal Mayunes Inc is a nonprofit organization situated in Spring Valley, New York. With a staff of six dedicated individuals, its primary mission is to disseminate and promote the teachings and philosophies of the revered Baal Shem Tov, an eighteenth-century mystical rabbi who founded Chassidus. They achieve this by printing and distributing weekly and monthly journals, offering Chassidus education through a hotline, and organizing conventions. The organization's activities aim to make the works of the Baal Shem Tov accessible to the public, thereby fostering a deeper understanding and appreciation of these teachings.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Mifal Mayunes Inc has received a One-Star rating from Charity Navigator, reflecting a score of 50%. This rating is based solely on the Accountability & Finance beacon, which highlights significant concerns regarding the organization’s transparency and financial practices. While the organization excels in having a majority of independent board members and a high program expense ratio, it falls short in various accountability measures, including missing financial statements and other essential policies.
The organization demonstrates a strong commitment to program expenditures, with a program expense ratio of 99.36%, indicating that nearly all of its funds are directed towards its programs. However, critical deficiencies in transparency, such as the absence of a posted tax form on its website and missing conflict of interest and whistleblower policies, raise red flags about its governance. These shortcomings contribute to the low overall score and signal a need for improvement in financial reporting and organizational policies.
Potential donors and stakeholders should be cautious, as the lack of accessible financial documentation and governance structures could hinder trust and accountability. While Mifal Mayunes Inc shows promise in program execution, the overall rating suggests that there are significant areas requiring enhancement to ensure better management and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Mifal Mayunes Inc legitimate?
Mifal Mayunes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mifal Mayunes 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: $26,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $243,461
For more financial information, click here
What is the mission statement of Mifal Mayunes Inc?
Mifal Mayunes Inc is committed to disseminating the teachings and philosophies of the eighteenth century mystical rabbi, the Baal Shem Tov, who founded Chassidus. Their primary objective is to make these wisdoms accessible to the public. They achieve this mission by distributing print materials, publishing a weekly and monthly journal on Chassidus, and providing educational resources through a hotline and conventions.
Who is the CEO of Mifal Mayunes Inc?
Nachmen M Soifer is the Trustee of Mifal Mayunes Inc.
What is the revenue of Mifal Mayunes Inc?
Mifal Mayunes Inc's revenue in 2022 was $1,433,812.
Who are the executives of Mifal Mayunes Inc and what are their salaries?
The average compensation at Mifal Mayunes Inc during 2022 was $44,954. There are 6 employees and 12 volunteers at Mifal Mayunes Inc.
Here are 3 key members and their salaries:
- Compensation: $14,560
- Related: $0
- Other: $0
- Compensation: $11,700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mifal Mayunes Inc?
Mifal Mayunes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mifal Mayunes Inc
Mifal Mayunes Inc, a renowned nonprofit organization, is dedicated to promoting and disseminating the teachings and philosophies of the revered eighteenth-century mystical rabbi, Baal Shem Tov. This founder of Chassidus is the focal point of their mission. To achieve this objective, Mifal Mayunes Inc takes various initiatives. One of their primary strategies is to make Baal Shem Tov's works publicly accessible. This is accomplished through the distribution of weekly and monthly journals dedicated to Chassidus. Additionally, the organization offers Chassidus education through a dedicated hotline and organizes conventions. By implementing these strategies, Mifal Mayunes Inc aims to spread the teachings and philosophies of the holy Baal Shem Tov, thereby enriching and inspiring individuals who are drawn to his wisdom.
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Impact
July, 2024
Mifal Mayunes Inc's impact lies in promoting and spreading the teachings and philosophies of the holy Baal Shem Tov to a wider audience. Through their activities, such as printing and distributing the Weekly & Monthly Journal of Chassidus, providing Chassidus education via a hotline and conventions, they are ensuring that the wisdom and teachings of this revered eighteenth-century mystical rabbi reach the public. Their dedication to making these works available is not only preserving the legacy of the Baal Shem Tov but also enriching the spiritual lives of those who engage with these teachings. In essence, Mifal Mayunes Inc is playing a pivotal role in preserving and sharing an important aspect of religious and cultural heritage.
This information is meant to be a general summary of Mifal Mayunes 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: $1,433,812
Assets and Liabilities:
- Total Assets: $1,236,131
- Total Liabilities: $931,289
- Net Assets: $304,842
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Organization Details
Founding Year
2016
Phone
(845) 362-1525Principal Officer
Nachmen M Soifer
Main Address
9 JEFFERSON AVE, SPRING VALLEY, NY, 10977
NTEE Category
Code: X99 - Religion related
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