Overview
What is Lifeprep Education System Inc?
Lifeprep Education System Inc is a nonprofit organization situated in Passaic, New Jersey, with a focus on providing secular educational and vocational programs for Jewish private schools in need of appropriate resources. They utilize innovative teaching materials and methods to enhance their educational programming within the core curriculum, aiming to improve the quality of education for these schools. Furthermore, this organization extends its grants to institutions that share their principles, contributing to the broader educational landscape. With a team of 64 dedicated individuals, Lifeprep Education System Inc is committed to enriching the educational experience for Jewish private schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41%, Zero-Star out of Four Star rating
Lifeprep Education System Inc holds a low rating of 41%, primarily due to deficiencies in accountability and finance. The organization's rating reflects a significant lack of independent board members and an absence of essential financial transparency, as evidenced by the zero points in several key areas, including financial statements and the conflict of interest policy.
Despite these shortcomings, Lifeprep has demonstrated some strengths, notably a perfect score in the program expense ratio, indicating that it effectively allocates its funds towards its educational programs. However, this positive aspect is overshadowed by the overall governance issues and transparency failures that the organization faces.
The lack of proper oversight, as highlighted by the absence of an independent board and inadequate financial documentation, presents notable concerns for potential donors and stakeholders. For Lifeprep Education System Inc to improve its standing, a focus on enhancing governance practices and transparency is essential.
This AI summary has been generated from information found on Charity Navigator.
Is Lifeprep Education System Inc legitimate?
Lifeprep Education System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifeprep Education System 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: $54,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $556,056
For more financial information, click here
What is the mission statement of Lifeprep Education System Inc?
Lifeprep Education System Inc's mission is centered around providing secular educational and vocational programming to Jewish private schools in need of resources within their core curriculum. The organization also extends grants to institutions that align with its principles. Their primary goal is to deliver a comprehensive secular education program, equipped with innovative and creative teaching materials and methods. Additionally, Lifeprep Education System Inc strives to support these schools by providing the necessary resources for program implementation.
Who is the CEO of Lifeprep Education System Inc?
Eliyahu Efroymson is the President/Director of Lifeprep Education System Inc.
What is the revenue of Lifeprep Education System Inc?
Lifeprep Education System Inc's revenue in 2022 was $1,236,450.
Who are the executives of Lifeprep Education System Inc and what are their salaries?
The average compensation at Lifeprep Education System Inc during 2022 was $9,532. There are 64 employees and 2 volunteers at Lifeprep Education System Inc.
Here are 4 key members and their salaries:
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $8,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lifeprep Education System Inc?
Lifeprep Education System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifeprep Education System Inc
Lifeprep Education System Inc, a nonprofit organization, is dedicated to providing secular educational and vocational programming for Jewish private schools in need of resources. Their mission is to assist these schools in implementing their core curriculum effectively, utilizing innovative and creative teaching materials and methods. Additionally, Lifeprep Education System Inc extends its support by providing grants to other institutions that align with their principles.
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Impact
July, 2024
Lifeprep Education System Inc's impact lies in providing secular educational and vocational programming tailored for Jewish private schools requiring additional resources for curriculum implementation within the state's core curriculum. By offering creative and innovative teaching materials and methods, Lifeprep Education System Inc aims to enhance the educational experience for students in these schools. Additionally, the organization's provision of grants to institutions that align with their mission principles further expands their impact in supporting educational advancements within the Jewish private school system.
This information is meant to be a general summary of Lifeprep Education System 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 2022.
- Program Service Revenue: $1,072,506
- Gross Receipts: $1,236,450
Assets and Liabilities:
- Total Assets: $410,052
- Total Liabilities: $620,214
- Net Assets: -$210,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAM
Revenue
$1,072,506
Organization Details
Founding Year
2019
Phone
(216) 973-4741Principal Officer
Eliyahu Efroymson
Main Address
198 PARK AVENUE, PASSAIC, NJ, 07055
NTEE Category
Code: B99 - Education
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