Overview
What is Torah Nursery Inc?
Torah Nursery Inc, located at 1980 S Green Road, South Euclid, Ohio 44121, is a nonprofit organization dedicated to serving children aged infant to 5. Its primary mission is to support employed parents by providing age-appropriate nursery services. The nursery incorporates Jewish traditions, celebrating holidays and practicing prayer and customs in a traditional Orthodox Jewish setting. With a workforce of 56 employees, Torah Nursery Inc strives to foster an environment that integrates early childhood education with cultural and religious practices.
Official website here: www.torahnursery.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)
Torah Nursery Inc has received a two-star rating, indicating that while there are some strengths, there are significant areas that require attention. The organization scored exceptionally well in accountability and finance, achieving a perfect score of 100%. This score reflects strong financial practices and a lack of material diversion of assets, suggesting a commitment to proper fund management.
However, concerns arise from the organization’s governance practices. Notably, while 66% of board members are independent, the overall independent board size is lacking. The absence of key policies such as conflict of interest, whistleblower, and document retention policies, combined with missing financial statements on the nonprofit's website, highlights areas for improvement in transparency and governance.
Despite these challenges, Torah Nursery Inc demonstrates a high program expense ratio of 91.38%, indicating that a significant majority of its funds are directed toward its programs rather than administrative costs. Addressing the governance issues could help improve its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Torah Nursery Inc legitimate?
Torah Nursery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torah Nursery 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: $59,950
Professional Fundraising Fees: $12,095
Other Salaries and Wages: $598,513
For more financial information, click here
Official website here: www.torahnursery.com
What is the mission statement of Torah Nursery Inc?
Torah Nursery Inc's mission is centered around providing nursery services for children aged between infant and 5, enabling their parents to pursue gainful employment. The nursery incorporates activities related to Jewish holidays, prayer, and customs, following traditional Orthodox Jewish practices. The primary objective is to create an environment that upholds Jewish traditions while allowing parents to focus on their professional lives.
Official website here: www.torahnursery.com
Who is the CEO of Torah Nursery Inc?
Eric Jacobs is the Treasurer And Director of Torah Nursery Inc.
Official website here: www.torahnursery.com
What is the revenue of Torah Nursery Inc?
Torah Nursery Inc's revenue in 2022 was $1,642,023.
Official website here: www.torahnursery.com
Who are the executives of Torah Nursery Inc and what are their salaries?
The average compensation at Torah Nursery Inc during 2022 was $11,758. There are 56 employees at Torah Nursery Inc.
Here are 3 key members and their salaries:
- Compensation: $59,950
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.torahnursery.com
Where can I find the form 990 for Torah Nursery Inc?
Torah Nursery Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.torahnursery.com
Learn more at the official website: www.torahnursery.com
Mission Statement of Torah Nursery Inc
Torah Nursery Inc, a nonprofit organization, is committed to providing age-appropriate nursery services for children aged between infancy and five years old. The primary objective of this organization is to support parents in their employment endeavors by offering an environment where children can engage in activities related to Jewish holidays, prayer, and customs, all in accordance with traditional Orthodox Jewish practices. This way, children are not only cared for but also nurtured in their faith, fostering a strong cultural heritage.
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Impact
July, 2024
Torah Nursery Inc's impact lies in its provision of age-appropriate nursery services to children aged infant-5, allowing parents to be gainfully employed. By incorporating activities centered around Jewish holidays, prayer, and customs following traditional Orthodox Jewish practices, the organization not only cares for children but also preserves and promotes cultural and religious traditions within the community. This dual focus on childcare and cultural education helps strengthen families, support working parents, and foster a sense of identity and belonging among young children.
This information is meant to be a general summary of Torah Nursery 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: $5
- Program Service Revenue: $1,247,587
- Gross Receipts: $1,642,023
Assets and Liabilities:
- Total Assets: $1,525,571
- Total Liabilities: $676,722
- Net Assets: $848,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$420,703
State tuition vouchers
Revenue
$505,672
Employee Retention Cred
Revenue
$206,279
Food care reimbursement
Revenue
$114,554
Security grant BWC
Organization Details
Founding Year
2011
Principal Officer
Eric Jacobs
Main Address
1980 S Green Road, South Euclid, OH, 44121
Website
www.torahnursery.comNTEE Category
Code: B21 - Education
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