Kupas Yom Tov Inc

The information for Kupas Yom Tov Inc is as of the organization's most recent filing in December '21. This organization is located in Lakewood, NJ. It has been in existence for 2 years, following its founding in 2019.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Kupas Yom Tov Inc's NTEE code is X12. The "X" tells us that the organization is classified as Religion-Related. The "12" tells us that the organization is involved in Fund Raising & Fund Distribution. The NTEE describes organizations in this category as those that raise and distribute funds for multiple organizations within the Religion Related, Spiritual Development major group area. This organization is also a 501(c)(3) organization, as indicated by its C Section Code of 3. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work. The mission of Kupas Yom Tov Inc is to distribute funds to needy families to help ensure that they are provided with basic food and clothing needs.

Program Areas

Program Area 1: The organization's primary focus within this program area is to distribute funds to needy families, ensuring they are provided with basic food and clothing necessities.

Program Area 2: The purpose of this program is to distribute funds to needy families in order to help ensure that they are provided with basic food and clothing needs.

Organization Staffing

Kupas Yom Tov Inc has 9 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. The organization does not have any volunteers supporting their paid staff.

Board Governance

Kupas Yom Tov Inc, a non-profit organization, appears to be well-governed based on the provided information. The organization has three voting members, all of whom are independent, indicating a balanced decision-making process. The absence of potential conflicts of interest further strengthens the organization's governance structure. The fact that board meetings and committee meetings are documented demonstrates transparency and accountability within the organization. This documentation ensures that decisions and discussions are properly recorded and can be reviewed if needed. Additionally, the presence of a conflict of interest policy and the requirement for disclosure of conflicts further highlights the organization's commitment to ethical practices and avoiding any potential conflicts that may arise. While the organization does not have a written whistleblower policy or a document retention policy, the substantiation and review of leadership and officer's salaries suggest that the organization values financial transparency and accountability. The provision of copies of the 990 to the board prior to filing also indicates that the organization keeps its board members informed about its financial activities. Overall, Kupas Yom Tov Inc demonstrates strong governance practices, prioritizing transparency, accountability, and the avoidance of conflicts of interest. However, it could benefit from implementing a written whistleblower policy and a document retention policy to further enhance its governance framework.

Grant History

Our dataset includes four years of grant history for Kupas Yom Tov Inc. Over the course of these four years, they have awarded a total of 17 grants, with an average check size of $410,360. The majority of their grants, specifically 12 of them, were awarded in the Religion-Related sector. Furthermore, all 17 grants were awarded in the state of New Jersey.

Organization Growth

Kupas Yom Tov Inc, a nonprofit organization, has experienced significant growth over the given time period. Contributions and grants received increased from $1.2 million in 2018 to $3.6 million in 2021, indicating an upward trend in financial support. The total revenue also saw an increase from $1.2 million to $3.6 million over the same period. Similarly, grants paid by the organization increased from $969.1 thousand in 2018 to $1.6 million in 2021. This growth in grants paid suggests an expansion in the organization's activities and impact. Employee salaries also witnessed an increase, rising from $86.6 thousand in 2019 to $159.2 thousand in 2021. This rise in employee salaries indicates the organization's ability to attract and retain qualified staff. Additionally, the total number of employees grew from 2 in 2018 to 9 in 2021, further highlighting the organization's growth and increased capacity. Overall, Kupas Yom Tov Inc has demonstrated substantial growth across various aspects over the given time period.