Overview
What is Minchas Asher Foundation?
The Minchas Asher Foundation is a nonprofit organization situated in Teaneck, New Jersey, specifically at 586 Sunderland Road. Its primary function involves providing grants to various public charities, as decided by its Board of Directors. The organization's mission is to allocate resources to deserving public charities, thereby contributing to various social causes and bettering the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Minchas Asher Foundation has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The overall score is calculated based on its Accountability & Finance performance, which stands at 77%. This rating reflects the charity's commitment to transparency and effective management of its resources.
Key strengths of the foundation include a fully independent board with 100% of its members being independent, demonstrating strong governance practices. Additionally, the organization has not reported any material diversions of assets, and it effectively documents board meeting minutes and provides tax forms to board members prior to filing. The foundation also boasts a high program expense ratio of 90.59%, reflecting its dedication to programmatic spending.
However, while the foundation shows strong financial ratios, the single beacon score may limit the overall assessment of its impact. There are no noted liabilities, which is a positive aspect, but further evaluation of its program effectiveness and beneficiary feedback could provide a more comprehensive view of its operational efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Minchas Asher Foundation legitimate?
Minchas Asher Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minchas Asher Foundation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Minchas Asher Foundation?
The Minchas Asher Foundation's mission is centered around making grants to public charities, as decided by its board of directors. This philanthropic organization allocates funds to various charitable organizations in accordance with its board's discretion. The foundation's primary activity revolves around distributing funds to eligible public charities.
Who is the CEO of Minchas Asher Foundation?
Asher Weiss is the President & Chairman of Minchas Asher Foundation.
What is the revenue of Minchas Asher Foundation?
Minchas Asher Foundation's revenue in 2022 was $2,350,365.
Who are the executives of Minchas Asher Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Minchas Asher Foundation?
Minchas Asher Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minchas Asher Foundation
The Minchas Asher Foundation is a charitable organization that is committed to distributing grants to eligible public charities. The decision on which charities to support is made by the board of directors, ensuring that the foundation's resources are allocated in a manner that aligns with their vision and goals. The primary activity of this foundation is centered around grant-making, with the aim of contributing positively to various causes and communities. The Minchas Asher Foundation's mission is to leverage its resources to make a meaningful impact, ultimately bettering the lives of those in need.
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Impact
July, 2024
The Minchas Asher Foundation's impact lies in its ability to provide grants to public charities as determined by its board of directors. By supporting various public charities, the foundation plays a crucial role in contributing to meaningful causes and initiatives that align with its mission. The foundation's grants help support organizations that address important issues and make a positive difference within communities.
This information is meant to be a general summary of Minchas Asher Foundation. 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: $9,381
- Gross Receipts: $2,350,365
Assets and Liabilities:
- Total Assets: $3,283,796
- Total Liabilities: $45,900
- Net Assets: $3,237,896
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Organization Details
Founding Year
2005
Phone
(917) 992-2793Principal Officer
Asher Weiss
Main Address
CO ORLINSKY 586 SUNDERLAND RD, TEANECK, NJ, 07666
NTEE Category
Code: X30 - Religion related
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