Overview
What is Meged Shomayim?
Meged Shomayim is a nonprofit organization, headquartered in Airmont, New York, with a single employee. Its primary purpose is to provide financial assistance to various religious institutions of higher learning and fund important Hebrew writings and Judaica books. This support can be extended to nonprofit institutions or directly to indigent individuals, both within the United States and Israel. The organization's activities align with this mission by distributing funds in accordance with its primary exempt purpose.
What are the reviews and ratings of this charity?
Meged Shomayim has received a Three-Star out of Four Star rating with a score of 77% on Charity Navigator, primarily reflecting its Accountability & Finance beacon score. This indicates a reasonable level of transparency and sound financial practices, though there's room for improvement. The organization excels in areas like having no material diversion of assets, maintaining a low liabilities to assets ratio, and a high program expense ratio of 99.30%, indicating most of the funds are used directly for its mission.
The charity exhibits strong board governance, with an excellent score in independence and policies such as conflict of interest and whistleblower protection. However, it loses points due to its independent board size and missing website, which could potentially hinder transparency and outreach. Their low fundraising efficiency and working capital ratio might also challenge its financial sustainability and ability to invest in growth or innovation.
User reviews from GreatNonprofits are not available, therefore, additional qualitative insights from beneficiaries and stakeholders are absent. This lack of community-sourced feedback might make it difficult for potential donors to fully gauge the nonprofit's impact and reception among its constituents.
This AI summary has been generated from information found on Charity Navigator.
Is Meged Shomayim legitimate?
Meged Shomayim is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meged Shomayim 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: $32,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Meged Shomayim?
Meged Shomayim's mission is centered around providing financial assistance. The organization primarily aims to support various religious institutions of higher learning and fund essential Hebrew writings and Judaica books. This support can be extended to nonprofit institutions or directly to indigent individuals. The organization's purpose is to distribute funds to entities that are exclusively focused on religious, charitable, and educational objectives, not only in the United States but also in Israel. Additionally, Meged Shomayim may offer financial aid directly to needy individuals.
Who is the CEO of Meged Shomayim?
Moshe Pinter is the Director of Meged Shomayim.
What is the revenue of Meged Shomayim?
Meged Shomayim's revenue in 2022 was $11,401,758.
Who are the executives of Meged Shomayim and what are their salaries?
The average compensation at Meged Shomayim during 2022 was $32,767. There is 1 employee and 4 volunteers at Meged Shomayim.
Here are 5 key members and their salaries:
- Compensation: $32,767
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Meged Shomayim?
Meged Shomayim's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Meged Shomayim
Meged Shomayim, a nonprofit organization, is committed to providing financial assistance to numerous religious institutions of higher learning and funding essential Hebrew writings and Judaica books. The organization accomplishes this by distributing funds to eligible nonprofit institutions or directly to indigent individuals. Meged Shomayim's primary purpose is to support various religious institutions that are organized exclusively for charitable, educational, and religious purposes in the United States and Israel. By doing so, it ensures that these institutions have the necessary resources to continue their work, while also providing direct financial aid to individuals in need, who may not otherwise have access to such resources. In essence, Meged Shomayim plays a crucial role in preserving and promoting religious education and literature, making it accessible to both institutions and individuals alike.
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Impact
July, 2024
Meged Shomayim's impact lies in its provision of financial assistance to religious institutions of higher learning and in funding Hebrew writings and Judaica books. By distributing funds to these institutions and directly to indigent individuals, Meged Shomayim contributes to the enrichment of religious education and the preservation of important Hebrew cultural and religious texts. This support helps advance the mission of religious organizations and promotes the dissemination of knowledge within the Jewish community, both in the United States and Israel.
This information is meant to be a general summary of Meged Shomayim. 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: $11,401,758
Assets and Liabilities:
- Total Assets: $294,471
- Total Liabilities: $776
- Net Assets: $293,695
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Organization Details
Founding Year
2005
Phone
(848) 299-1526Principal Officer
Moshe Pinter
Main Address
365 Route 59 Suite 203, Airmont, NY, 10952
NTEE Category
Code: B122 - Education
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