Friends of Aderes Hatorah Inc

Overview

Friends of Aderes Hatorah Inc. is a U.S. nonprofit organization designated as a 501(c)(3) entity. It is classified under the category of Philanthropy, Voluntarism, and Grantmaking Foundations, specifically as a public foundation. The organization focuses on supporting Jewish education and offering learning opportunities to individuals interested in furthering their knowledge of Judaism.

Purpose and Mission

The mission of Friends of Aderes Hatorah Inc. is to promote Jewish education and provide opportunities for individuals to expand their understanding and knowledge of Judaism. This mission aligns with the educational philosophy of Yeshivas Aderes Hatorah, which emphasizes personalized educational support for students.

Financial Overview

The organization generates revenue primarily through contributions and program services. In recent years, contributions and program services have accounted for the majority of its total revenue. For instance, in one fiscal year, contributions made up approximately 46.7% to 51.9% of total revenue, while program services constituted about 46.1% to 50.6%. Investment income also contributes a smaller percentage to total revenues.

As of recent financial reports, Friends of Aderes Hatorah Inc. has total assets exceeding $1.6 million and liabilities around $700,000. The organization does not incur costs for executive compensation in the form of cash, although it does report other salaries and wages.

Grants and Support

Friends of Aderes Hatorah Inc. actively supports other educational initiatives through grants. In 2023, it contributed nearly $77,000 in grants. The organization receives support from various grantmaker programs, including the Fidelity Investments Charitable Gift Fund and the Vanguard Charitable Endowment Program.

Leadership

Key leaders include Jeremy Senter, who serves as the president, Yisroel Gold as vice president, and Norman Schorr as secretary. None of these officers receive compensation as part of their roles in the organization.

History

Founded with the support of Rabbi Senter, the organization is part of the broader educational mission of Yeshivas Aderes Hatorah. The focus on individualized support and fostering both academic and personal growth aligns with the nonprofit's goals of advancing Jewish education and knowledge. Friends of Aderes Hatorah Inc. was established in the early 2000s, reflecting a commitment to educational development within the Jewish community.