Overview
What is Menorah Foundation Inc?
Menorah Foundation Inc, located at 2980 NE 207 STREET SUITE 706, Aventura, Florida, is a nonprofit organization that dedicates its resources to raising funds for educational organizations. Their primary objective is to support schools offering elementary to high school education for underprivileged female students. By doing so, they aim to contribute to the betterment of these girls' educational journeys, providing them with opportunities they might not have otherwise. The Foundation's mission is to make a meaningful impact in these students' lives through its charitable contributions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating). The rating indicates that the Menorah Foundation Inc shows a decent level of accountability and financial health, primarily based on its one beacon score focusing on financial metrics. The high score reflects a strong commitment to financial transparency and responsible management.
The organization has achieved full marks in several key areas, including having a majority of independent board members, documentation of board meeting minutes, and a commendable program expense ratio of 96.48%. This suggests that a significant portion of their resources is devoted directly to their mission, which is beneficial for donors wanting to ensure their contributions are effectively utilized.
However, despite these strengths, the overall score remains at a Two-Star rating, which indicates room for improvement in other areas of evaluation that were not highlighted in the data provided. While the financial aspects seem solid, the lack of additional performance metrics may limit the overall assessment of the organization’s effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Menorah Foundation Inc legitimate?
Menorah Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menorah Foundation 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 Menorah Foundation Inc?
The Menorah Foundation Inc is dedicated to raising funds to support educational organizations that provide elementary to high school level education for underprivileged female students. Their primary goal is to contribute to these organizations' efforts, thereby enabling these young women to receive a quality education. The foundation aims to empower these students, providing them with the necessary tools to build a better future. Through their contributions, they seek to bridge the educational gap for underprivileged females, offering them an equal opportunity to succeed. The Menorah Foundation Inc's mission is centered around the belief that education is a fundamental right and a powerful tool for transformation.
What is the revenue of Menorah Foundation Inc?
Menorah Foundation Inc's revenue in 2023 was $275,630.
Who are the executives of Menorah Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Menorah Foundation Inc?
Menorah Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Menorah Foundation Inc
Menorah Foundation Inc is committed to raising funds to support educational organizations that provide elementary to high school level education for underprivileged female students. The foundation's mission is centered around raising contributions to empower these educational institutions, enabling them to provide quality education to a demographic often overlooked due to socio-economic circumstances. By supporting these organizations, Menorah Foundation Inc is contributing to the broader goal of fostering opportunities for underprivileged female students to receive a well-rounded education, thereby enhancing their prospects for a better future.
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Impact
October, 2024
Menorah Foundation Inc significantly impacts the educational landscape by supporting organizations that provide vital educational resources to underprivileged female students from elementary through high school. By raising contributions, the foundation enhances access to quality education for these young women, empowering them to achieve academic success and pursue future opportunities. This engagement not only addresses educational disparities but also fosters a more equitable society, where every girl has the chance to realize her full potential. Situated in Aventura, Florida, the foundation's focus on education is crucial in breaking the cycle of poverty and creating pathways for future generations.
This information is meant to be a general summary of Menorah Foundation 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 2023.
- Investment Income: $44,162
- Gross Receipts: $275,630
Assets and Liabilities:
- Total Assets: $2,465,499
- Total Liabilities: $0
- Net Assets: $2,465,499
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Organization Details
Founding Year
2003
Principal Officer
Robert Lechter
NTEE Category
Code: B112 - Education
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