Overview
What is Chabad Tuition Organization Inc?
Chabad Tuition Organization Inc, based in Phoenix, Arizona, functions as a nonprofit organization dedicated to providing financial assistance for school tuition. They receive donations, which allow them to grant substantial scholarships to students in grades K-12. The funds collected, primarily in July, December, and March, are then distributed during their reporting period, which ends on June 30th. These funds support quality schools under Arizona's School Tuition Laws. The objective of Chabad Tuition Organization Inc is to make education more accessible and affordable for families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Chabad Tuition Organization Inc has received a low rating of 50% from Charity Navigator, indicating significant accountability and financial management concerns. The organization has no independent board members, which raises questions about governance and oversight. Furthermore, essential financial documents are either missing or not publicly available, impacting transparency.
Despite these challenges, the organization maintains a high program expense ratio of 88.48%, showing that a significant portion of its expenditures is directed towards its mission-related activities. This indicates a commitment to using funds for their intended purpose, even though overall governance practices may be lacking.
The absence of key policies, such as conflict of interest and whistleblower protection, as well as missing financial statements, suggests that improvements are needed in the organization's operational frameworks. Donors should proceed with caution and consider these factors when assessing their support for Chabad Tuition Organization Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Chabad Tuition Organization Inc legitimate?
Chabad Tuition Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chabad Tuition Organization 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 Chabad Tuition Organization Inc?
Chabad Tuition Organization Inc's mission is centered around contributing funds to qualify schools under Arizona's School Tuition Laws. Significant funds are received in July, December, and March, which are then distributed during the reporting period ending June 30. These funds allow for substantial grants in the form of school tuition scholarships for students in grades K-12. In essence, the organization's primary goal is to facilitate educational opportunities for children by leveraging the donations it receives.
Who is the CEO of Chabad Tuition Organization Inc?
Zalman Levertov is the Director of Chabad Tuition Organization Inc.
What is the revenue of Chabad Tuition Organization Inc?
Chabad Tuition Organization Inc's revenue in 2022 was $869,864.
Who are the executives of Chabad Tuition Organization Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chabad Tuition Organization Inc?
Chabad Tuition Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chabad Tuition Organization Inc
Chabad Tuition Organization Inc is an organization that dedicates its resources to supporting quality schools. They achieve this by contributing the funds they receive to these schools, in accordance with the Arizona School Tuition Laws. Significant contributions are made in July, December, and March, with a majority of these funds being distributed during the reporting period that ends in June 30th. These donations enable Chabad Tuition Organization Inc to provide substantial grants for school tuition scholarships for students in grades K-12. This commitment allows numerous students to benefit from quality education, thereby contributing to their overall development and future prospects.
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Impact
July, 2024
Chabad Tuition Organization Inc plays a crucial role in providing significant financial support to qualifying schools under Arizona school tuition laws. The funds received by the organization are distributed as substantial grants in the form of school tuition scholarships for students in grades K-12. This support enables many students to access quality education opportunities that may otherwise be financially out of reach for their families. By facilitating these scholarships, Chabad Tuition Organization Inc contributes directly to enhancing educational access and equity in the Phoenix, AZ community.
This information is meant to be a general summary of Chabad Tuition Organization 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.
- Gross Receipts: $869,864
Assets and Liabilities:
- Total Assets: $20,115
- Total Liabilities: $0
- Net Assets: $20,115
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Organization Details
Founding Year
1999
Phone
(602) 944-2753Principal Officer
Zalman Levertov
Main Address
2110 E LINCOLN DRIVE, PHOENIX, AZ, 85016
NTEE Category
Code: B820 - Education
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