Nrgby Study Institute

Nishmas Bais Yaakov

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

EIN: 854382789 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Nrgby Study Institute?

Nrgby Study Institute, specifically Nishmas Bais Yaakov, is a nonprofit organization committed to the advancement of religious higher education. Their primary focus is on providing post-secondary religious education opportunities for young women, fostering their scholarly growth within a religious context. Additionally, the institution supports other organizations that share their mission of promoting religious education. By doing so, Nrgby Study Institute contributes to the wider community, ensuring the continuity and enrichment of religious education for future generations.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two Stars (71%)

The Nrgby Study Institute has received a Two-Star out of Four Star rating from Charity Navigator, indicating a score of 71%. This rating reflects the organization's overall accountability and financial health. Notably, it has a strong performance in governance, featuring a fully independent board and no reported material diversion of assets, which showcases a commitment to ethical management practices.

Key strengths include a high program expense ratio of 96.96%, suggesting that a significant portion of its budget is directed towards its mission-related activities. The organization also demonstrates good fiscal responsibility with a low liabilities to assets ratio of 2.17%. Furthermore, it adheres to best practices by maintaining a conflict of interest policy and documenting board meeting minutes, which are essential for transparency.

However, despite these strengths, the overall rating indicates room for improvement in certain areas. While the financial practices are solid, the overall score suggests that the organization may face challenges that could benefit from increased scrutiny or improvement in its operations. Continued focus on enhancing transparency and effectiveness will be essential for Nrgby Study Institute to achieve a higher rating in the future.


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

Is Nrgby Study Institute legitimate?

Nrgby Study Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nrgby Study Institute 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 Nrgby Study Institute?

The Nrgby Study Institute, specifically Nishmas Bais Yaakov, is committed to providing religious higher education for young women beyond their secondary education level. In addition to this, the institution supports organizations that share the goal of advancing religious education. Their mission is centered around equipping individuals with a deeper understanding of their faith through post-secondary religious education and fostering growth in organizations that uphold this value.

Who is the CEO of Nrgby Study Institute?

Morris J Jacobovits is the Trustee of Nrgby Study Institute.

What is the revenue of Nrgby Study Institute?

Nrgby Study Institute's revenue in 2022 was $1,509,856.

Who are the executives of Nrgby Study Institute and what are their salaries?

There 3 volunteers at Nrgby Study Institute.


Here are 3 key members and their salaries:


Morris J Jacobovits (Trustee)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Jacob Lehmann (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Jacobovits (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nrgby Study Institute?

Nrgby Study Institute's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nrgby Study Institute

Nrgby Study Institute, a nonprofit organization, is dedicated to religious higher education. Its mission is to offer post-secondary religious education to young women, providing them with a comprehensive educational experience that aligns with their beliefs. Beyond its direct educational programs, Nrgby Study Institute also supports other organizations that share its commitment to furthering religious education. In essence, the institute serves as a catalyst for religious learning, empowering individuals and fostering a community of scholarship and faith.

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Impact




July, 2024

Nrgby Study Institute's impact is substantial in providing young women with post-secondary religious education programs through Nishmas Bais Yaakov. These programs aim to enhance religious education for women and support organizations that further religious education initiatives. Located in Lakewood, NJ, Nrgby Study Institute plays a pivotal role in promoting religious higher education and empowering individuals in their spiritual growth.




This information is meant to be a general summary of Nrgby Study Institute. 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
$1,509,856 (2022)
Expenses
$1,605,520 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $1,478,708
  • Gross Receipts: $1,509,856

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition and fees

Revenue

$1,478,708

Organization Details

Founding Year

2020

Principal Officer

Morris J Jacobovits

Main Address

117 HUDSON ST, LAKEWOOD, NJ, 08701

NTEE Category

Code: B11 - Education

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