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AMERICAN FRIENDS OF MERKAZ CHASIDEI VIZNITZ INC
BROOKLYN, NY · EIN 270328382 · Form 990 · FY2023 · NTEE Q112 · International Affairs · Medium ($1M-$10M)
revenue
$1.7M
expenses
$1.7M
net assets
$488K
employees
0
program ratio
98%
mission · from form 990

THE ORGANIZATION WILL PROMOTE THE IMPORTANCE OF FORMAL STUDIES AT ACADEMIC INSTITUTIONS SUCH AS YESHIVAS, KOLLELS, AND GRADUATE PROGRMAS AT ACCREDITED UNIVERSITIES. THE ORGANIZATION WILL PROVIDE FINANCIAL SUPPORT TO CHARITABLE CAUSES AS WELL AS OTHER EMTITIES WHICH ARE RECOGNIZED WITHIN IRS SECTION 501 C 3. THE ORGANIZATION WILL ALSO PROVIDE LOANS TO OTHER NOT FOR PROFITS TO HELP THEM ACCOMPLISH THEIR PURPOSE AND MISSION TO AID SIMILAR CAUSES WITHIN THE COMMUNITY.

profile · synthesized from sources

AMERICAN FRIENDS OF MERKAZ CHASIDEI VIZNITZ INC supports formal religious and academic study at institutions such as yeshivas, kollels, and accredited universities. The organization provides financial support and loans to other 501(c)(3)-recognized nonprofits, primarily to advance educational and charitable causes within the Jewish community. It operates in Brooklyn, NY, and focuses on international affairs through religious and educational funding.

named programs · 2 · from sources

What they call their work

Financial Support Program
Provides grants and financial assistance to 501(c)(3) organizations engaged in religious education and charitable work within the Jewish community
Loan Program for Nonprofits
Offers loans to other tax-exempt organizations to help them achieve their missions in support of religious, educational, and communal causes
activities · 2 groups

What they do

  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding charitable causes and 501(c)(3) organizations
      Provides financial support to charitable causes and other IRS 501(c)(3)-recognized organizations.
  • Interest-Free Loan and Grant Support 1 activity
    • Funding nonprofit mission and community aid through loans
      Provides loans to other nonprofit organizations to support their mission and community aid efforts.
financials · form 990 · fy2023
revenue
Total revenue$1.68M
Contributions & grants$1.68M100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$1.73M
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.70M
Largest expense lineProfessional Fees
balance sheet
Total assets$501K
Cash$179K
Investments$0
Liabilities$12K
Net assets$488K
Liquid reserves1.2 mo
3 years on record · 2019–2023 · YoY revenue -25.9%
leadership · form 990 part vii · fy2023

Who runs it

board members · 2
  • BENJAMIN SCHWARTZ — VICE PRESIDE
  • YEHOSHUA WERTZBERGER — PRESIDENT
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Religious-Academic Investment Model
    methodology: religious-academic_support
    By supporting formal religious and academic education at yeshivas, kollels, and accredited universities, we advance community and charitable purposes because educated individuals contribute more deeply to communal welfare and continuity.