Overview
What is Friends Of Kolel Bys Shlome Arye Inc?
Friends of Kolel Bys Shlome Arye Inc is a nonprofit organization committed to offering financial assistance to esteemed Jewish institutions that uphold the principles of traditional Orthodox Judaism. Their primary mission is to provide a financial lifeline to these institutions, ensuring they can continue their vital work and uphold their religious beliefs. The organization's activities are centered around supporting these institutions, maintaining their integrity and adherence to the tenets of traditional Orthodox Judaism.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Friends Of Kolel Bys Shlome Arye Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved an overall score of 87%, indicating effective management of resources and a commitment to transparency. The rating is based entirely on the Accountability & Finance beacon, which underscores the importance of responsible fiscal practices.
Strengths highlighted in the review include a fully independent board, with 10 out of 10 members being independent, which enhances governance and oversight. The organization also demonstrates excellent financial health, with a program expense ratio of 98.29%, suggesting that the vast majority of funds are directed towards its charitable programs. Additionally, the lack of material diversion of assets and the presence of governance policies such as conflict of interest and whistleblower policies further strengthen its accountability.
While the rating is quite positive, the score is based solely on the Accountability & Finance metrics, which means that other aspects of the organization's performance, such as program effectiveness or donor engagement, were not evaluated in this instance. Nonetheless, the data available indicates that Friends Of Kolel Bys Shlome Arye Inc operates with a high degree of financial integrity and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Kolel Bys Shlome Arye Inc legitimate?
Friends Of Kolel Bys Shlome Arye Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Kolel Bys Shlome Arye 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 Friends Of Kolel Bys Shlome Arye Inc?
The mission of Friends Of Kolel Bys Shlome Arye Inc is centered around providing financial assistance to deserving Jewish institutions that uphold the principles of traditional Orthodox Judaism. This non-profit organization is dedicated to supporting these institutions financially, thereby contributing to their continued operation and adherence to their religious beliefs. By providing this financial support, Friends Of Kolel Bys Shlome Arye Inc aims to strengthen the Jewish community and perpetuate traditional Orthodox Judaism.
Who is the CEO of Friends Of Kolel Bys Shlome Arye Inc?
Mordechai Ekstein is the Director of Friends Of Kolel Bys Shlome Arye Inc.
What is the revenue of Friends Of Kolel Bys Shlome Arye Inc?
Friends Of Kolel Bys Shlome Arye Inc's revenue in 2021 was $473,566.
Who are the executives of Friends Of Kolel Bys Shlome Arye Inc and what are their salaries?
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 Friends Of Kolel Bys Shlome Arye Inc?
Friends Of Kolel Bys Shlome Arye Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Friends Of Kolel Bys Shlome Arye Inc
Friends of Kolel Byshlome Arye Inc, a nonprofit organization, is committed to providing financial assistance to Jewish institutions that uphold the principles of traditional Orthodox Judaism. The organization's primary mission is to offer monetary support to these institutions, ensuring they continue to operate and adhere to their religious beliefs. By providing financial aid, Friends of Kolel Byshlome Arye Inc contributes significantly to the preservation and promotion of traditional Orthodox Judaism within the Jewish community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Friends Of Kolel Bys Shlome Arye Inc's impact lies in providing vital financial support to worthy Jewish institutions that uphold the tenets of traditional Orthodox Judaism. By offering this crucial assistance, the organization helps these institutions continue their important work within the community, ensuring that they can thrive and fulfill their missions effectively. Through its philanthropic efforts, Friends Of Kolel Bys Shlome Arye Inc contributes to the preservation and growth of traditional Orthodox Jewish practices and values, ultimately strengthening the fabric of the Jewish community in Brooklyn, NY, and beyond.
This information is meant to be a general summary of Friends Of Kolel Bys Shlome Arye 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 2021.
- Gross Receipts: $473,566
Assets and Liabilities:
- Total Assets: $23,862
- Total Liabilities: $401
- Net Assets: $23,461
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(845) 503-3555Principal Officer
Mordechai Ekstein
Main Address
115 WALLABOUT STREET APT 7R, BROOKLYN, NY, 11206
NTEE Category
Code: T12 - Philanthropy
If you are a representative of Friends Of Kolel Bys Shlome Arye Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.