Masbia
- Assets
- $90.0k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Brooklyn, NY
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 20-1923521
Organization Overview
Masbia is located in Brooklyn, NY. The organization was established in 2005. According to its NTEE Classification (K34) the organization is classified as: Congregate Meals, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Masbia employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masbia 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 06/2022, Masbia generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 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.
Since 2014, Masbia has awarded 26 individual grants totaling $7,464,351. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MASBIA SOUP KITCHEN NETWORK PROVIDES EMERGENCY FOOD FREE OF CHARGE TO PEOPLE IN NEED DUE TO FINANCIAL STATUS OR BECAUSE OF NATURAL DISASTERS VIA READY-TO-EAT NUTRITIOUS MEALS AND RAW GROCERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADMINISTRATIVE SERVICES SUPPORTING THE OPERATION OF FOOD PANTRIES AND KOSHER SOUP KITCHENS THAT SERVE FREE MEALS TO THE NEEDY IN THE COMMUNITY.
TO SUPPORT FOOD PANTRIES AND KOSHER SOUP KITCHENS THAT SERVE FREE MEALS TO THE NEEDY IN THE COMMUNITY WITH MONETARY GRANTS AND FOODSTUFFS.
MASBIA RELIEF. PROVIDING EMERGENCY RELIEF TO PEOPLE IN NEED DUE TO TRAGIC CIRCUMSTANCES OR NATURAL DISASTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Rapaport CEO | Officer | 40 | $267,420 |
Blayne Ross Secretary | OfficerTrustee | $0 | |
Naomi Wolinsky CFO | OfficerTrustee | $0 | |
Adam Hofstetter Co-Chairsper | Trustee | $0 | |
Mordechai Einhorn Director | Trustee | $0 | |
Lois Halber Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,761,863 |
| Noncash contributions included in lines 1a–1f | $18,069 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,913,540 |
| Total Program Service Revenue | $362,930 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,288,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,635,947 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $267,421 |
| Compensation of current officers, directors, key employees. | $26,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,179 |
| Advertising and promotion | $53,081 |
| Office expenses | $94,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,673 |
| Travel | $60,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,698 |
| Insurance | $67,927 |
| All other expenses | $32,576 |
| Total functional expenses | $3,646,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,115 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $83,404 |
| Investments—publicly traded securities | $3,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,042 |
| Accounts payable and accrued expenses | $125,210 |
| 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 | $544,317 |
| Total liabilities | $669,527 |
| Net assets without donor restrictions | -$579,485 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $90,042 |
Grants Awarded
Over the last fiscal year, Masbia has awarded $1,633,405 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: FOR SOUP KITCHEN | $894,190 |
Brooklyn, NY PURPOSE: FOR SOUP KITCHEN | $739,215 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masbia has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Ruth R Greenberg Family Foundation Teaneck, NJ PURPOSE: POVERTY ASSISTANCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Community Services Inc New Rochelle, NY | $1,813,218 | $5,554,210 |
Masbia Brooklyn, NY | $90,042 | $3,288,592 |
Nourish Nj Inc Morristown, NJ | $4,697,619 | $3,293,171 |
The Cornerstone Foundation Incorporated Rockville, CT | $575,546 | $2,312,347 |
Open Table Inc Concord, MA | $2,972,158 | $2,292,194 |
Meals On Wheels Of Mercer County Inc Ewing, NJ | $2,340,852 | $1,556,672 |
Mason Meals Philadelphia, PA | $60,630 | $944,347 |
Downtown Evening Soup Kitchen Inc New Haven, CT | $2,319,991 | $1,320,959 |
Jefferson Park Ministries Inc Elizabeth, NJ | $470,593 | $861,186 |
Community Soup Kitchen Inc New Haven, CT | $923,685 | $836,544 |
Housing Works Food Services Corp Brooklyn, NY | $15,011 | $536,896 |
Ezras Cholim Yad Ephraim Inc Brooklyn, NY | $1,340,265 | $1,257,643 |