Friends of Seminario Rabinico Latinoamericano Inc
Nonprofit profile at a glance
- EIN
- 821307312
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Livingston, NJ, USA
- Phone
- 9739920505
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Judaism
Reported finances
- Revenue
- $408,038
- Expenses
- $390,219
- Assets
- $27,122
- Liabilities
- $50,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- CLAUDIO PINCUS (President)
People named in this filing
- CLAUDIO PINCUS (President)
- RICHARD JANVEY (Secretary)
- JUDITH STERN PECK (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To encourage, promote, and provide support for, and to foster awareness and understanding of, Jewish, biblical, rabbinic and religious studies and studies in general, as well as general and Jewish philosophy and sacred Jewish music.
What it reported doing in 2024
To encourage, promote, and provide support for, and to foster awareness and understanding of, Jewish, biblical, rabbinic and religious studies and studies in general, as well as general and Jewish philosophy and sacred Jewish music.Grants awarded to the Seminario Rabinico Latinoamericano, Inc. support their mission by training and ordaining rabbis and educating teachers, and other individuals with the aim of spreading and perpetuating Judaism, particularly in Spanish and Portuguese speaking communities.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 54
- Accountability: 94
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.8%; rating input score 94
- Program expense ratio: 98.1%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 0%; rating input score 0; 19th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.4%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 1.84; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: 9.9% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: -37% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 93.8% of revenue deployed · 98.1% of spending went to programs
- Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $383K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 16 of 17 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 4 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 2/100.