Overview
What is Myvtzer Hayeshivos Inc?
Myvtzer Hayeshivos Inc is a nonprofit organization situated in Monroe, New York, specifically at 48 Bakertown Road 500. Their primary mission is to provide financial aid in the form of grants or loans to religious organizations, enabling them to continue their activities. This support allows these religious organizations to carry out their missions effectively and sustainably. The organization's aim is to contribute positively to the religious community by providing the necessary financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating)
Myvtzer Hayeshivos Inc has received a two-star rating from Charity Navigator, indicating areas that require attention despite strong performance in certain financial metrics. The organization boasts a perfect score in accountability and finance, particularly excelling in program expenses, which suggests that it allocates nearly all of its resources to its mission-related activities. Its liabilities to assets ratio is also favorable, demonstrating sound financial health.
However, the organization has notable shortcomings that impact its overall rating. The absence of independent board members raises concerns about governance, while the lack of financial statements and missing documentation related to board meetings further highlight transparency issues. The organization also appears to struggle with fundraising efficiency, receiving low scores in that area, which may affect its long-term sustainability.
While Myvtzer Hayeshivos Inc is successful in directing funds to its programs, the significant governance and accountability issues indicate a need for improvement in these areas to bolster its credibility and effectiveness. Addressing these limitations could enhance the organization’s overall performance and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Myvtzer Hayeshivos Inc legitimate?
Myvtzer Hayeshivos Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Myvtzer Hayeshivos 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 Myvtzer Hayeshivos Inc?
Myvtzer Hayeshivos Inc's mission is centered around providing financial aid in the form of grants and loans to religious organizations. This support is intended to help these organizations continue their activities and fulfill their missions. The organization serves as a financial resource, aiding qualifying exempt organizations in their operations and initiatives.
Who is the CEO of Myvtzer Hayeshivos Inc?
Unavailable
What is the revenue of Myvtzer Hayeshivos Inc?
Myvtzer Hayeshivos Inc's revenue in 2022 was $3,318,053.
Who are the executives of Myvtzer Hayeshivos 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 Myvtzer Hayeshivos Inc?
Myvtzer Hayeshivos Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Myvtzer Hayeshivos Inc
Myvtzer Hayeshivos Inc, as a nonprofit organization, is dedicated to providing financial assistance in the form of grants and loans to eligible religious organizations. This assistance is intended to help these organizations continue their activities and carry out their missions. By offering financial aid, Myvtzer Hayeshivos Inc is contributing to the ongoing work of these religious organizations, allowing them to maintain their services and make a positive impact in their respective communities. The organization's primary purpose is to support these exempt organizations, ensuring their continued operation and the continuation of their beneficial activities.
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Impact
July, 2024
Myvtzer Hayeshivos Inc's impact lies in its provision of financial grants and loans to religious organizations, enabling them to sustain and continue their vital activities. By offering support to these organizations, Myvtzer Hayeshivos Inc contributes to the preservation and growth of religious communities. Through its philanthropic efforts, Myvtzer Hayeshivos Inc plays a crucial role in empowering religious institutions to fulfill their missions and serve their communities effectively.
This information is meant to be a general summary of Myvtzer Hayeshivos 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.
- Investment Income: $137,303
- Gross Receipts: $3,318,053
Assets and Liabilities:
- Total Assets: $13,901,672
- Total Liabilities: $6,000,000
- Net Assets: $7,901,672
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Organization Details
Phone
(845) 774-1109Main Address
48 BAKERTOWN RD 500, MONROE, NY, 10950
NTEE Category
Code: T12 - Philanthropy
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