Overview
What is Kolel Torah Inc?
Kolel Torah Inc, located in Brooklyn, New York, serves as a nonprofit organization with a primary mission to support and fund institutions that foster Jewish learning and aid those in financial distress. The organization focuses on higher Jewish education, particularly for adults, and actively organizes or funds educational seminars and classes. Additionally, Kolel Torah Inc extends its reach to help less affiliated Jews, as well as contributing to organizations and individuals in need. Their headquarters can be found at 642 EASTERN PARKWAY, Brooklyn, NY 11213.
What are the reviews and ratings of this charity?
**: Needs Improvement (Two Stars)**ars)**
Kolel Torah Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement primarily based on its Accountability & Finance measures. While the organization boasts a perfect score for having an independent board and a solid program expense ratio, it lacks in transparency and availability of financial statements. These issues raise concerns about its governance practices and documentation.
Despite strong scores in specific areas, such as no material diversion of assets and a clear conflict of interest policy, the organization fails to post important financial documents on its website. This lack of accessibility and clarity may hinder trust with potential donors or stakeholders. Additionally, the absence of leadership, adaptability, culture, and community metrics in the overall assessment suggests that these aspects are not being effectively evaluated within the nonprofit.
User reviews from GreatNonprofits could not be fetched, leaving a gap in public sentiment analysis. However, the available rating and financial metrics suggest that while Kolel Torah Inc operates efficiently regarding fund allocation, it must enhance its financial transparency and board governance practices to earn greater public trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Kolel Torah Inc legitimate?
Kolel Torah Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kolel 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 Kolel Torah Inc?
Kolel Torah Inc's mission is centered around funding institutions of higher Jewish learning, with a particular focus on adult education. They aim to organize classes and seminars related to Jewish education, either by funding existing programs or initiating new ones. The organization also seeks to assist less affiliated Jews, providing them with the opportunity to engage with their faith. Furthermore, Kolel Torah Inc supports organizations that aid the less fortunate in various capacities. In times of need, they extend aid to individuals as well. In essence, their mission is to foster Jewish learning and observance while providing support to those in need.
Who is the CEO of Kolel Torah Inc?
Benzion Lipsker is the Coo of Kolel Torah Inc.
What is the revenue of Kolel Torah Inc?
Kolel Torah Inc's revenue in 2022 was $10,550,860.
Who are the executives of Kolel Torah Inc and what are their salaries?
There 5 volunteers at Kolel Torah Inc.
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Kolel Torah Inc?
Kolel Torah Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kolel Torah Inc
Kolel Torah Inc, a nonprofit organization, is dedicated to supporting institutions of higher Jewish learning, with a particular focus on adult education. They aim to organize classes and seminars, as well as fund existing initiatives, to promote Jewish education. The organization also seeks to assist less affiliated Jews, providing them with opportunities to deepen their faith and knowledge. Beyond Jewish education, Kolel Torah Inc is committed to funding organizations that help the less fortunate in various capacities. They offer financial aid and support to individuals in need, ensuring that they can overcome hardships and continue their lives with dignity. In summary, Kolel Torah Inc's mission is to foster Jewish learning and observance, support less affiliated Jews, and aid the less fortunate, demonstrating a comprehensive approach to community service.
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Impact
July, 2024
Kolel Torah Inc's impact lies in its dedication to funding institutions of higher Jewish learning, particularly focusing on adult education. By organizing classes and seminars on Jewish education and providing financial support to existing programs, Kolel Torah Inc plays a crucial role in strengthening Jewish learning and observance. Additionally, the organization's efforts extend to helping less affiliated Jews, supporting organizations that aid the less fortunate, and assisting individuals in times of need. Overall, Kolel Torah Inc's activities have a significant impact on both the Jewish community and broader society by promoting education, charitable giving, and community support.
This information is meant to be a general summary of Kolel 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: $10,550,860
Assets and Liabilities:
- Total Assets: $285,295
- Total Liabilities: $27,176
- Net Assets: $258,119
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Organization Details
Founding Year
2017
Phone
(718) 753-7671Principal Officer
Benzion Lipsker
Main Address
642 EASTERN PARKWAY, BROOKLYN, NY, 11213
NTEE Category
Code: X12 - Religion related
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