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Nonprofiteer
← M&S KOLEL GROCERY INC

Form 990 for tax year 2024

Filed by M&S KOLEL GROCERY INC.

Totals

Total revenue
$1,561,648
Total expenses
$1,527,064
Contributions and grants received
$474,122
Grants paid
$112,092
Program service revenue
$0
Investment income
$13,723
Other revenue
$1,073,803
Total assets, end of year
$2,409,899
Total liabilities, end of year
$887,871
Net assets or fund balances, end of year
$1,522,028
Program services expenses (Part IX)
$1,517,514
Management and general expenses
$9,550
Fundraising expenses
$0
Program service expenses (Part III)
$1,517,514

Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $474,122

  • 3 · Investment income

    total $13,723 · related or exempt $13,723

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $9,760,693

  • 10b · Cost of goods sold

    $8,702,259

  • 10c · Net income from sales of inventory

    total $1,058,434 · related or exempt $1,058,434

  • 11a · Other revenue: Insurance Income

    total $15,369 · related or exempt $15,369

  • 11e · Other revenue, total

    $15,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $112,092 · program services $112,092

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $948,644 · program services $948,644

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $78,995 · program services $78,995

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $28,675 · program services $28,675

  • 11c · Fees: accounting

    total $9,550 · management and general $9,550

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $9,985 · program services $9,985

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $153,424 · program services $153,424

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $27,768 · program services $27,768

  • 23 · Insurance

    total $28,318 · program services $28,318

  • 24a · Other expenses: Merchant Fees

    total $89,271 · program services $89,271

  • 24b · Other expenses: Delivery

    total $32,780 · program services $32,780

  • 24c · Other expenses: Carting

    total $7,532 · program services $7,532

  • 24d · Other expenses: Bank Fees

    total $30 · program services $30

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$112,574 · end of year $95,922

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $611,861 · end of year $642,565

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $969,755 · end of year $969,048

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $564,785

  • 10b · Land, buildings and equipment: accumulated depreciation

    $423,546

  • 10c · Land, buildings and equipment, net

    beginning of year $169,007 · end of year $141,239

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $565,953 · end of year $561,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $690,707 · end of year $561,344

  • 25 · Other liabilities

    beginning of year $25,851 · end of year $326,527

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,487,444 · end of year $1,522,028

Mission and programs · 2024

Mission

WE PROVIDE FOOD FOR THE NEEDY AT BELOW MARKET PRICES

  • We provided food and other essential needs for the needy at below market prices

    Expenses $1,405,422

  • Cash assistance given to needy individuals & organizations for daily living expenses, such as food, rent etc.

    Expenses $112,092

  • Educational programs for children and adults

As filed on the 2024 return.

Listed in Part VII

  • Aharon Lefkowitz

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Yoel Zvi Spitzer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jacob Margaretten

    Trustee

    Total calculated
    $0
    Hours/week
    5
  • Hershy Pal

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349319781

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