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Zichron Mattel Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824140351 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Zichron Mattel Inc?

Zichron Mattel Inc, located in Lakewood, New Jersey, is a nonprofit organization dedicated to supporting low-income individuals and families. Their primary objective is to help those who struggle to afford essential living necessities, such as clothing, furniture, and utensils. By offering assistance, Zichron Mattel enables these individuals to obtain these items, thereby improving their living conditions. The organization's mission is deeply rooted in compassion and community service.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 75% (Three-Star out of Four Star rating)

Zichron Mattel Inc has received a Three-Star rating from Charity Navigator, reflecting a solid overall score of 75%. This rating is derived entirely from their Accountability & Finance metrics, indicating a strong emphasis on financial health and transparency. The charity excels in several key areas, including having a fully independent board and no reported material diversions of assets.

The organization also demonstrates good financial management, with a program expense ratio of approximately 93%. This suggests that a significant majority of its funding is directed towards its programs and services, reinforcing its commitment to its mission. Additionally, the presence of a listed conflict of interest policy and documented board meeting minutes further highlights its operational integrity.

Despite its strengths, the rating indicates a lack of additional beacons, which could provide more insight into the charity's overall performance in areas such as impact and donor engagement. However, the current financial accountability measures suggest a reliable and responsible organization.


This AI summary has been generated from information found on Charity Navigator.

Is Zichron Mattel Inc legitimate?

Zichron Mattel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zichron Mattel 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

For more financial information, click here

What is the mission statement of Zichron Mattel Inc?

Zichron Mattel Inc's mission is centered around offering aid to individuals and families who are financially struggling, specifically those unable to afford essential living necessities such as clothing, household furniture, and utensils. The organization works towards helping these individuals obtain these necessities, aiming to improve their living standards. By providing this assistance, Zichron Mattel contributes to enhancing the basic life conditions of those in need.

Who is the CEO of Zichron Mattel Inc?

Chaim Z Lapides is the Director/ President of Zichron Mattel Inc.

What is the revenue of Zichron Mattel Inc?

Zichron Mattel Inc's revenue in 2022 was $1,087,505.

Who are the executives of Zichron Mattel Inc and what are their salaries?


Here are 3 key members and their salaries:


Chaim Lapides (Director/ President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shlomo Lewenstein (Director/ Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meir Levi (Director/ Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Zichron Mattel Inc?

Zichron Mattel Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Zichron Mattel Inc

Zichron Mattel Inc, a nonprofit organization, is dedicated to assisting low-income individuals and families who struggle to afford essential living necessities, such as clothing, home furniture, and utensils. The mission of Zichron Mattel is to extend aid to these individuals, helping them secure the necessary items to improve their living standards. By providing assistance, Zichron Mattel strives to alleviate some of the financial burdens faced by these families, enabling them to focus on other critical aspects of their lives.

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Impact




July, 2024

Zichron Mattel Inc's impact focuses on providing essential assistance to low-income individuals and families in need. By offering support in obtaining basic living necessities such as clothing, home furniture, and utensils, Zichron Mattel plays a crucial role in improving the quality of life for those facing financial hardships. Through their mission, Zichron Mattel is able to make a tangible difference in the lives of those struggling to afford essential items, ultimately promoting greater equity and well-being within the community.




This information is meant to be a general summary of Zichron Mattel 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.

Revenue
$1,087,505 (2022)
Expenses
$1,028,205 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,087,505

Assets and Liabilities:

  • Total Assets: $156,777
  • Total Liabilities: -$1,965
  • Net Assets: $158,742

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Organization Details

Founding Year

2018

Principal Officer

Chaim Z Lapides

Main Address

55 Aspen Ct, Lakewood, NJ, 08701

NTEE Category

Code: P20 - Human services

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