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Chabad Of Iceland Inc

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

EIN: 830964730 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Chabad Of Iceland Inc?

Chabad of Iceland Inc is a nonprofit organization situated in Iceland. Its primary mission is to support Jewish education and religious causes within the country. Through grants, the organization aids various Jewish organizations in their efforts to promote Jewish education. Furthermore, Chabad of Iceland Inc is actively engaged in religious outreach, aiming to strengthen religious practices in the community. The organization's activities demonstrate a commitment to fostering a vibrant Jewish presence in Iceland.


Official website here: www.jewishiceland.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Chabad Of Iceland Inc has received a rating of two stars, indicating a need for improvement. The organization has a score of 66%, with a particularly strong program expense ratio of 83.21%, suggesting that most of its expenditures are allocated towards its mission-driven activities. However, the lack of independent board members and missing financial statements raises concerns about its governance and transparency.

The charity has demonstrated some positive aspects, such as having a conflict of interest policy and a whistleblower policy in place, both of which are crucial for accountability. They also maintain meeting minutes and have their website listed on their tax form. Despite these strengths, the absence of independent board members and failure to provide financial documents on their website significantly detracts from their overall governance score.

In summary, while Chabad Of Iceland Inc shows a commitment to its programs, it faces challenges in terms of governance and transparency that need to be addressed to improve its rating and instill greater confidence among potential donors and stakeholders.


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

Is Chabad Of Iceland Inc legitimate?

Chabad Of Iceland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chabad Of Iceland 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: $18,265

For more financial information, click here


Official website here: www.jewishiceland.com

What is the mission statement of Chabad Of Iceland Inc?

Chabad of Iceland Inc is an organization dedicated to furthering Jewish education and religious outreach in Iceland. Its mission encompasses providing financial aid to Jewish organizations within the country, supporting religious causes, and promoting religious outreach. The primary goal is to strengthen the Jewish community in Iceland by fostering religious education and advocacy. The organization works towards achieving this objective by offering grants and other forms of assistance to Jewish organizations in the country.


Official website here: www.jewishiceland.com

Who is the CEO of Chabad Of Iceland Inc?

Avraham Feldman is the President of Chabad Of Iceland Inc.


Official website here: www.jewishiceland.com

What is the revenue of Chabad Of Iceland Inc?

Chabad Of Iceland Inc's revenue in 2022 was $882,031.


Official website here: www.jewishiceland.com

Who are the executives of Chabad Of Iceland Inc and what are their salaries?

The average compensation at Chabad Of Iceland Inc during 2022 was $18,265. There is 1 employee at Chabad Of Iceland Inc.


Here are 3 key members and their salaries:


Avraham Feldman (President)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Yaakov Hecht (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nochum Schapiro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jewishiceland.com

Where can I find the form 990 for Chabad Of Iceland Inc?

Chabad Of Iceland Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jewishiceland.com

Learn more at the official website: www.jewishiceland.com

Mission Statement of Chabad Of Iceland Inc

Chabad of Iceland Inc is a nonprofit organization dedicated to supporting religious outreach in Iceland. Their primary mission involves providing grants to various Jewish organizations within the country to enhance Jewish education. This support extends to religious causes and outreach initiatives, aiming to strengthen the Jewish community in Iceland. The organization's activities are centered around fostering a strong and thriving Jewish presence in the country.

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Impact




July, 2024

Chabad Of Iceland Inc's impact is evident through its support of religious outreach in Iceland. By providing grants to Jewish organizations in Iceland, this organization helps further Jewish education and support religious causes in the country. Through their mission to support religious causes and outreach in Iceland, Chabad Of Iceland Inc plays a vital role in fostering a vibrant Jewish community in the region.




This information is meant to be a general summary of Chabad Of Iceland 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
$882,031 (2022)
Expenses
$315,348 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $882,031

Assets and Liabilities:

  • Total Assets: $1,113,081
  • Total Liabilities: $4,740
  • Net Assets: $1,108,341

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Organization Details

Founding Year

2018

Principal Officer

Avraham Feldman

Main Address

544 Crown Street, Brooklyn, NY, 11213

NTEE Category

Code: X30 - Religion related

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