Barkai Foundation Inc

Barkai Foundation Inc is a nonprofit organization that operates a Jewish religious school, providing educational services from preschool to 8th grade. It is designated as a 501(c)(3) organization for religious, educational, and charitable purposes.

Overview

The foundation's mission is to offer a dual curriculum that combines intensive secular education with comprehensive Judaic studies, drawing inspiration from the traditions of the Sephardic community of Syria. This unique approach aims to foster well-rounded students who are deeply committed to living a Jewish life in the modern world while maintaining a strong connection to their cultural and religious heritage.

Programs and Activities

The school's educational program emphasizes both academic rigor and the preservation of Jewish identity and values. By integrating secular education with Jewish studies, the foundation seeks to equip students with the knowledge and skills necessary to navigate contemporary life confidently.

Financial Information

Barkai Foundation Inc has a substantial revenue stream primarily based on contributions, which accounted for 91.8% of its total revenue in the fiscal year ending August 2022. The organization reported a total revenue of $10,634,718 for that period. Its total assets were valued at $20,534,451, with liabilities amounting to $12,149,426. Executive compensation constituted a small fraction of expenses, while other salaries and wages made up 63.7% of total expenses.

Governance and Operations

The organization is led by Richard Chalme, who serves as the Principal Officer. It employs a significant number of staff, totaling 174 employees as of recent reports. The foundation's operational transparency is reflected in its submission of annual tax filings, adhering to relevant regulatory requirements.

Legitimacy and Tax Status

Barkai Foundation Inc is a legitimate nonprofit organization, registered under the Internal Revenue Code as a 501(c)(3) entity. This designation allows donations to be tax-deductible, supporting the organization's ongoing operations. Despite its religious nature, it still maintains a level of transparency through public filings.

Impact

The foundation's impact is evident in its provision of a distinctive educational environment that strengthens students' Jewish identity and prepares them for modern life. This approach not only enriches the students' academic knowledge but also instills in them a deep sense of cultural and religious heritage.