Beth Oloth Charitable Organization

525 Coldstream Avenue
Toronto, ON M6B 2K7
President: David Ehrentreu
Vice President: Benjamin Labkovsky

Charitable Reg. #:11880 7080 RR0001

STAR RATING

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FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

F

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

Low

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

100%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.



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Programs

About Beth Oloth Charitable Organization:

Established in 1980, Beth Oloth Charitable Organization’s purpose, according to its CRA T3010 filing, is “to stimulate interest in providing higher Jewish education and Jewish religious training for the perpetuation of the Jewish religion and the training of teachers of Jewish religion.”

CHARITY STATUS REVOKED: January 12, 2019 Charities Directorate revoked the charity status on Beth Oloth. This is the 4th Major 100 Canadian charity to be revoked since 2011. The Major 100 are Canada's largest publicly-supported charities. The Charities Directorate's audit investigation found it had funded non-charitable activities, see Global News for more information.

The Charities Directorate's documents on the audit process identify associations between Beth Oloth and Gates of Mercy, another large charity Charity Intelligence has a donor advisory on. Beth Oloth's American operations continue.

Previously reported DONOR ADVISORY: Beth Oloth Charitable Organization does not have a website and does not report any full-time employees. However, it does report 2 part-time employees who were paid an average of $3,938 in F2015. All information in this report was gathered through the charity’s T3010 filing and unaudited financial statements provided by the CRA.

According to its F2015 financial statements, Beth Oloth Charitable Organization spent $40.3m on undisclosed “charitable distributions” and granted $2.6m to 149 other charities. The 3 largest charitable grants were to KH Meoroth ($207,560 in F2015), Congregation Beth Medrash Covoha ($194,432), and Yeshiva Yesodei Hatorah ($175,635). The charity’s T3010 filing indicates that $38.5m of its “charitable distributions” were distributed to individuals and organizations outside of Canada.

 

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Finances

This financial review was prepared using unaudited financial statements provided from the CRA.

Beth Oloth Charitable Organization is a Major 100 charity with donations of $42.6m in F2015. Its administrative costs were 0.1% of revenues and no fundraising costs were reported. As a result, for every dollar donated, virtually 100 cents went towards the charitys programming, falling outside of Charity Intelligence’s reasonable range. Beth Oloth Charitable Organization has funding reserves of $1m in F2015, resulting in a program cost coverage ratio of 2%.

This charity review is an update that is currently being reviewed by Beth Oloth Charitable Organization. Changes and edits may be forthcoming.

Updated on August 11, 2017 by Kevin Silberberg.

Financial Review


Financial Ratios

Fiscal year ending September
201520142013
Administrative costs as % of revenues 0.1%0.1%0.1%
Program cost coverage (%) 2.3%3.3%2.8%

Summary Financial Statements

All figures in $000s
201520142013
Donations 42,64035,54526,995
Other income 17200
Total revenues 42,81135,54526,995
Grants 42,87435,09126,752
Administrative costs 403315
Other costs 363074
Cash flow from operations (139)392154
Funding reserves 1,0041,142750

Salary Information

Full-time staff: 0

Avg. Compensation $0

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2015

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Comments & Contact

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Charity Contact

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