Overview
What is Michoel & Rochel Memorial Fund?
The Michoel & Rochel Memorial Fund is a charitable organization situated in Brooklyn, New York, specifically at 4403 15TH AVE SUITE 194. Their primary mission is to accept donations from the community and distribute these funds to individuals in need. By doing so, they aim to make a positive impact on the lives of those less fortunate. The organization's activities are centered around this mission, ensuring that the collected funds are effectively distributed to those who require assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Michoel & Rochel Memorial Fund has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The charity's overall score is based entirely on its performance in the Accountability & Finance beacon, reflecting a strong focus on financial management. The organization boasts a 94.38% program expense ratio, suggesting that a significant portion of its resources is allocated directly to programs rather than administrative costs.
Strengths highlighted in the evaluation include a fully independent board, with all members being independent, and a strong score in the management of liabilities, achieving a 0.00% ratio. Additionally, the fund documents its board meeting minutes, which adds to its transparency. These elements indicate that the organization is well-governed and operates with a focus on its mission.
However, despite its strengths in accountability and financial practices, the overall score of 73% suggests there is room for improvement. Potential donors might consider this rating as a signal to further investigate the organization's impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Michoel & Rochel Memorial Fund legitimate?
Michoel & Rochel Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michoel & Rochel Memorial Fund 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 Michoel & Rochel Memorial Fund?
The Michoel & Rochel Memorial Fund's mission is centered around accepting charitable contributions and distributing these funds to those in need within the community. Their primary objective is to provide assistance to individuals who are financially underprivileged. By accepting donations, the fund aims to make a positive impact on the lives of these individuals, thereby contributing to the betterment of the community as a whole.
Who is the CEO of Michoel & Rochel Memorial Fund?
Joseph Lefkowitz is the Director of Michoel & Rochel Memorial Fund.
What is the revenue of Michoel & Rochel Memorial Fund?
Michoel & Rochel Memorial Fund's revenue in 2022 was $62,300.
Who are the executives of Michoel & Rochel Memorial Fund and what are their salaries?
There 3 volunteers at Michoel & Rochel Memorial Fund.
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 Michoel & Rochel Memorial Fund?
Michoel & Rochel Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Michoel & Rochel Memorial Fund
The Michoel & Rochel Memorial Fund is a charitable organization with a mission to accept donations from generous individuals and distribute these funds to those in need within the community. This nonprofit organization's primary goal is to provide financial assistance to individuals who are facing hardships, offering them a glimmer of hope during challenging times. By accepting charitable contributions and allocating them to those in need, Michoel & Rochel Memorial Fund plays a significant role in uplifting the less fortunate members of the community.
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Impact
August, 2024
The Michoel & Rochel Memorial Fund has a significant impact on the community by accepting charitable contributions and distributing funds to those in need. Through their activities, they provide support and assistance to needy members of the community, making a positive difference in the lives of individuals facing financial hardships. Their mission of philanthropy is carried out in Brooklyn, NY, where they work to fulfill their goal of aiding those who require assistance. Overall, the Michoel & Rochel Memorial Fund plays a crucial role in supporting members of the community and contributing to their well-being.
This information is meant to be a general summary of Michoel & Rochel Memorial Fund. 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: $62,300
- Gross Receipts: $62,300
Assets and Liabilities:
- Total Assets: $466,287
- Total Liabilities: $0
- Net Assets: $466,287
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Organization Details
Founding Year
2018
Phone
(718) 871-8400Principal Officer
Joseph Lefkowitz
Main Address
4403 15TH AVE SUITE 194, BROOKLYN, NY, 11219
NTEE Category
Code: T12 - Philanthropy
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