M&s Kolel Grocery Inc
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 41
- Location
- Spring Valley, NY
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 13-3981597
Organization Overview
M&s Kolel Grocery Inc is located in Spring Valley, NY. The organization was established in 1998. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, M&s Kolel Grocery Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M&s Kolel Grocery Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, M&s Kolel Grocery Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE FOOD FOR THE NEEDY AT BELOW MARKET PRICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED FOOD AND OTHER ESSENTIAL NEEDS FOR THE NEEDY AT BELOW MARKET PRICES
CASH ASSISTANCE GIVEN TO NEEDY INDIVIDUALS & ORGANIZATIONS FOR DAILY LIVING EXPENSES, SUCH AS FOOD, RENT ETC.
EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aharon Lefkowitz Trustee | Trustee | 5 | $0 |
Yoel Zvi Spitzer Trustee | Trustee | 1 | $0 |
Jacob Margaretten Trustee | Trustee | 5 | $0 |
Hershy Pal Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,398 |
| Total Program Service Revenue | $0 |
| Investment income | $13,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $793,950 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200,781 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $76,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,829 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,266 |
| Insurance | $58,087 |
| All other expenses | $7,546 |
| Total functional expenses | $1,363,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$119,375 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $680,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $867,672 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $207,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $644,993 |
| Total assets | $2,280,720 |
| Accounts payable and accrued expenses | $559,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,704 |
| Total liabilities | $582,120 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,698,600 |
| Total liabilities and net assets/fund balances | $2,280,720 |
Grants Awarded
Over the last fiscal year, M&s Kolel Grocery Inc has awarded $43,952 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AHAVAS CHAVERIM GEMILAS CHESED INC PURPOSE: CHARITABLE | $28,800 |
YESHIVA TZOIN YOSEF PURPOSE: CHARITABLE | $15,152 |