Overview
What is Israel Magen Fund Inc?
Israel Magen Fund Inc is a nonprofit organization situated in Hillside, New Jersey, with a single employee. They are primarily known for their association with Zaka Search and Rescue, Inc., a volunteer-based organization that provides emergency assistance in response to terror attacks, accidents, or disasters. Zaka's volunteers operate in various specialized search and rescue units, both on land and sea, and have a UN-recognized international rescue unit that aids in mass casualty incidents worldwide. The Israel Magen Fund supports these services, contributing to Zaka's efforts in Israel and globally.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Israel Magen Fund Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score of 76%, the organization demonstrates effective governance, particularly through its independent board, which comprises 80% independent members. The charity also scores well in financial oversight, earning full marks in several governance areas including its whistleblower policy and conflict of interest policy.
In terms of financial management, the organization has a program expense ratio of 67.77%, which suggests a commendable portion of its budget is directed towards its charitable programs. Furthermore, the charity has maintained a clean record with no material diversion of assets, reflecting prudent financial practices.
While the rating indicates overall strength, potential donors may still want to consider the organization’s financial practices and operational efficiency in comparison to other charities. Overall, the Israel Magen Fund Inc shows a commitment to accountability, but as with any charitable contribution, thorough research is advisable.
This AI summary has been generated from information found on Charity Navigator.
Is Israel Magen Fund Inc legitimate?
Israel Magen Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Israel Magen Fund 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: $19,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,519
For more financial information, click here
What is the mission statement of Israel Magen Fund Inc?
Israel Magen Fund Inc supports the activities of Zaka Search and Rescue, a Not-For-Profit organization. Zaka is a volunteer-based rescue and recovery service, available 24/7 to respond to terror attacks, accidents, or disasters. Their volunteers also operate in specialized search and rescue units, both on land and sea. The United Nations recognizes Zaka for its international rescue unit, which responds to mass casualty incidents worldwide. In essence, Israel Magen Fund Inc aids Zaka in providing emergency assistance globally.
What is the revenue of Israel Magen Fund Inc?
Israel Magen Fund Inc's revenue in 2022 was $709,585.
Who are the executives of Israel Magen Fund Inc and what are their salaries?
The average compensation at Israel Magen Fund Inc during 2022 was $47,308. There is 1 employee at Israel Magen Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $19,789
- Related: $0
- Other: $0
- 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 Israel Magen Fund Inc?
Israel Magen Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Israel Magen Fund Inc
Israel Magen Fund Inc supports the activities of Zaka Search and Rescue, a not-for-profit organization. This rescue and recovery volunteer group is committed to responding to terror attacks, accidents, and disasters around the clock. With thousands of volunteers at their disposal, Zaka operates both land and sea specialist search and rescue units. Furthermore, the UN-recognized Zaka International Rescue Unit is deployed to handle mass casualty incidents globally. Israel Magen Fund Inc's mission is to aid and strengthen Zaka's efforts, ensuring they can continue to provide vital assistance during times of crisis.
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Impact
July, 2024
Israel Magen Fund Inc's impact is significant in supporting the lifesaving work of Zaka Search and Rescue, Inc. This organization plays a crucial role in responding to terror attacks, accidents, and disasters in Israel and around the world. By funding Zaka's operations and enabling their thousands of volunteers to be on call 24/7, Israel Magen Fund Inc directly contributes to enhancing emergency response capabilities and saving lives in times of crisis. Their partnership with Zaka helps ensure prompt and effective assistance during critical situations, making a tangible difference in human services and disaster relief efforts.
This information is meant to be a general summary of Israel Magen Fund 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: $2
- Gross Receipts: $709,585
Assets and Liabilities:
- Total Assets: $102,430
- Total Liabilities: $155,758
- Net Assets: -$53,328
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Organization Details
Principal Officer
Avraham Mermelstein
NTEE Category
Code: P40 - Human services
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