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Machon L'Choson Mishpat Inc

Business Halacha Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261995974 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Machon L'Choson Mishpat Inc?

Machon L'Choson Mishpat Inc is a nonprofit organization based in Brooklyn, New York, with a mission to raise awareness, educate, and provide services in the field of Jewish business law. Their purpose is to bridge the gap between modern business practices and Halacha, a set of Jewish ethical guidelines, particularly in areas like finance, contracts, conveyance, and dispute resolution. With a team of nine individuals, they aim to make the population aware of the applicability of Halacha in everyday business matters and its potential to coexist and thrive with modern business practices. They operate under the name Business Halacha Institute.


Official website here: www.machonmishpat.com

Is Machon L'Choson Mishpat Inc legitimate?

Machon L'Choson Mishpat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Machon L'Choson Mishpat 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,541

For more financial information, click here


Official website here: www.machonmishpat.com

What is the mission statement of Machon L'Choson Mishpat Inc?

Machon L'Choson Mishpat Inc was established with the primary objective of increasing awareness and education about Jewish business law. Specifically, they aim to highlight the relevance of Halacha, Jewish law, in relation to various business matters, both domestically and in the workplace, such as finance, contracts, conveyance, and dispute resolution. The organization recognizes a lack of understanding or misconceptions about this topic, even among laypeople and practicing professionals. Their mission is to enlighten the population on the applicability of Halacha in everyday business affairs and to promote the harmonious coexistence and thriving of modern business and Jewish law.


Official website here: www.machonmishpat.com

Who is the CEO of Machon L'Choson Mishpat Inc?

Rabbi Otto Cohen is the Dean of Machon L'Choson Mishpat Inc.


Official website here: www.machonmishpat.com

What is the revenue of Machon L'Choson Mishpat Inc?

Machon L'Choson Mishpat Inc's revenue in 2022 was $592,057.


Official website here: www.machonmishpat.com

Who are the executives of Machon L'Choson Mishpat Inc and what are their salaries?

The average compensation at Machon L'Choson Mishpat Inc during 2022 was $21,727. There are 9 employees at Machon L'Choson Mishpat Inc.

Here are 3 key members and their salaries:

    Rabbi Otto Cohen (Dean) [Trustee/Director]
  • Compensation: $40,000
  • Related: $0
  • Other: $0

    • Moshe Hartstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph I Kazarnovsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.machonmishpat.com

    Where can I find the form 990 for Machon L'Choson Mishpat Inc?

    The Machon L'Choson Mishpat Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.machonmishpat.com

    Learn more at the official website: www.machonmishpat.com

    Mission Statement of Machon L'Choson Mishpat Inc

    Machon L'Choson Mishpat Inc, a nonprofit organization, was established with the mission to raise awareness, educate, and provide related services in the field of Jewish business law. The organization recognizes a gap in the understanding and application of Halacha, Jewish law, in relation to business matters, both domestically and in the office, among both laypeople and practicing professionals. Their purpose is to enlighten the population about the relevance of Halacha to everyday business dealings, such as finance, contracts, conveyance, and dispute resolution. Machon L'Choson Mishpat Inc aims to demonstrate how modern business and Halacha can coexist and thrive, bridging the gap between the two worlds.

    Impact

    This information is meant to be a general summary of Machon L'Choson Mishpat Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Machon L'Choson Mishpat Inc has had a significant impact on raising awareness and educating individuals in the field of Jewish business law. By shedding light on the applicability of Halacha to everyday business matters, the organization has helped bridge the gap in understanding and practice among both laypeople and professionals. Through its services, Machon has facilitated the coexistence and thriving of modern business practices with Halacha, thereby enriching the understanding and application of Jewish principles in the business world.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $42,307
  • Gross Receipts: $592,057

    • Assets and Liabilities:
  • Total Assets: $74,451
  • Total Liabilities: $77,292
  • Net Assets: -$2,841
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    BAIS DIN

    Revenue

    $42,307

    Organization Details

    Principal Officer

    Rabbi Otto Cohen

    Main Address

    3673 BEDFORD AVENUE, BROOKLYN, NY, 11229

    NTEE Category

    Code: X30 - Religion related

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