Gelt Charitable Foundation Inc

Nonprofit profile at a glance

EIN
611947758
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Boca Raton, FL, USA
Phone
5612210900
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$70,866
Expenses
$34,720
Assets
$43,479

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • HJACK MILLER (PRESIDENT)

People named in this filing

  • HJACK MILLER (PRESIDENT)
  • LEIGH HERSHKOVICH (VICE PRESIDE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The gelt charitable foundation's mission is to bring more light into the world, with a specific focus on mental health and suicide prevention. Its vision is to ensure that communities receive the mental, physical, and emotional support they need to thrive

What it reported doing in 2024

32439 donated to inspire jewish learning worldwide and to transform jewish life and the greater community through torah study. It aims to create a global network of informed individuals by making jewish learning accessible and personally meaningful to all jews, regardless of background, through innovative educational programming. Jli seeks to foster intellectual and spiritual growth by connecting people through shared jewish experiences

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 82
  • Sustainability: 65
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.1%; rating input score 49
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 51%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -70.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -27.5% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 68.5% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 49.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $35K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.