Overview
What is Keren Bnos Menachem Inc?
Keren Bnos Menachem Inc, situated in Brooklyn, New York, is a grant-making nonprofit organization with a focus on supporting Jewish orthodox educational institutions. They vet potential grantees through a thorough pre-selection process, ensuring the integrity and viability of the programs they fund. The board members personally oversee the program, dedicating 100% of their time to this cause. Funding comes from community members who share their mission, with the majority of expenses allocated to the program itself and a small percentage reserved for administrative costs. Keren Bnos Menachem's purpose is to enhance educational opportunities within the Jewish orthodox community, considering requests for grants that align with this mission.
Is Keren Bnos Menachem Inc legitimate?
Keren Bnos Menachem Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keren Bnos Menachem 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
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What is the mission statement of Keren Bnos Menachem Inc?
Keren Bnos Menachem Inc is an organization dedicated to providing grants to Jewish orthodox educational institutions. They only support vetted organizations through a pre-selection process, which involves implementing criteria and conducting site visits to ensure the integrity and viability of the programs. The board members actively engage in this grant-making program, with a majority of their time and resources allocated to it. The organization is funded by community members who support their projects, and approximately 95% of their expenses are directed towards the program, with the remaining 5% covering administrative expenses. Keren Bnos Menachem Inc's mission aligns with their exempt purposes as a charitable, religious, and educational organization, and they consider grant requests for any purpose consistent with these activities.
Who is the CEO of Keren Bnos Menachem Inc?
Yosef Simpson is the Director of Keren Bnos Menachem Inc.
What is the revenue of Keren Bnos Menachem Inc?
Keren Bnos Menachem Inc's revenue in 2022 was $235,000.
Who are the executives of Keren Bnos Menachem Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Keren Bnos Menachem Inc?
Keren Bnos Menachem Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keren Bnos Menachem Inc
Keren Bnos Menachem Inc, as a grant-making organization, is committed to supporting Jewish Orthodox educational institutions. The organization ensures the integrity and viability of the programs it supports by conducting a thorough pre-selection process. This involves implementing criteria, making inquiries, and conducting site visits. The board members of Keren Bnos Menachem Inc dedicate 100% of their time to this program, which is primarily funded through contributions from supportive community members. The majority of the organization's expenses, around 95%, are directed towards the program itself, with the remaining 5% covering administrative costs. This alignment with charitable, religious, and educational purposes further solidifies Keren Bnos Menachem Inc's exempt status. The organization considers grant requests for any purpose consistent with these activities, as outlined in their mission.
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Impact
October, 2024
Keren Bnos Menachem Inc significantly impacts the Jewish Orthodox educational community by providing essential financial support through a carefully structured grant-making process. By focusing on institutions that meet rigorous pre-selection criteria, the organization ensures that grants are directed to programs that demonstrate integrity and viability. This meticulous vetting process involves inquiries and site visits conducted by board members, fostering accountability within the educational institutions it supports.
The foundation's commitment to channeling approximately 95 percent of its funds directly into educational programs allows it to enhance the quality of Jewish Orthodox education. By facilitating access to financial resources, Keren Bnos Menachem empowers schools and organizations to implement innovative educational initiatives that align with the community's values and needs.
Located in Brooklyn, NY, Keren Bnos Menachem not only addresses immediate funding gaps but also plays a pivotal role in reinforcing the long-term sustainability of educational frameworks within the community. The organization thrives on contributions from community members, reflecting a collective investment in nurturing future generations through faith-based education.
This information is meant to be a general summary of Keren Bnos Menachem 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: $235,000
Assets and Liabilities:
- Total Assets: $149,867
- Total Liabilities: $0
- Net Assets: $149,867
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Organization Details
Founding Year
2021
Principal Officer
Yosef Simpson
Main Address
1271 50TH STREET, BROOKLYN, NY, 11219
NTEE Category
Code: X30 - Religion related
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