Overview
What is M & S Kolel Grocery?
M&S Kolel Grocery is a nonprofit organization located at 44 Jefferson Avenue, Spring Valley, New York 10977. With a team of 41 dedicated individuals, their primary mission is to offer food and essential necessities to those in need at prices below the market rate. They strive to make a positive impact in their community by providing essential items at an affordable cost. The organization's work is centered around supporting the less fortunate, contributing to their well-being and overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator rating: 67%, Two-Star out of Four Star rating.
M & S Kolel Grocery has received a Two-Star rating from Charity Navigator, indicating a fair level of performance in terms of accountability and finance. The organization demonstrates a strong governance structure with 100% independent board members, and it maintains a low liabilities-to-assets ratio, which is a positive indicator of financial health. Additionally, the charity allocates a significant portion of its expenses towards programs, achieving a high program expense ratio.
However, the organization has significant areas for improvement, particularly in transparency and policy documentation. Notably, it has not provided financial statements, nor does it have essential policies such as conflict of interest, whistleblower, and document retention on record. Furthermore, the charity's website is not listed on its tax form, which detracts from its overall accountability.
Overall, while M & S Kolel Grocery exhibits strengths in governance and program spending, the lack of necessary financial documentation and policies limits its overall rating and may raise concerns for potential donors regarding transparency and organizational practices.
This AI summary has been generated from information found on Charity Navigator.
Is M & S Kolel Grocery legitimate?
M & S Kolel Grocery is a legitimate nonprofit organization registered as a 501(c)(3) entity. M & S Kolel Grocery submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $747,506
For more financial information, click here
What is the mission statement of M & S Kolel Grocery?
M&S Kolel Grocery is committed to serving the community by providing essential food items at prices lower than the market rate. Their mission is to extend a helping hand to those in need, ensuring they have access to necessary supplies without straining their budgets. Through their operations, the grocery store aims to bridge the gap between affordability and nutritional needs, thereby contributing positively to the well-being of the community they serve.
Who is the CEO of M & S Kolel Grocery?
Aharon Lefkowitz is the Trustee of M & S Kolel Grocery.
What is the revenue of M & S Kolel Grocery?
M & S Kolel Grocery's revenue in 2022 was $1,251,228.
Who are the executives of M & S Kolel Grocery and what are their salaries?
The average compensation at M & S Kolel Grocery during 2022 was $18,232. There are 41 employees and 5 volunteers at M & S Kolel Grocery.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for M & S Kolel Grocery?
M & S Kolel Grocery's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of M & S Kolel Grocery
M & S Kolel Grocery, as stated in its mission, is committed to providing essential necessities, primarily food, to those in need at prices lower than the market rate. This nonprofit organization works tirelessly to meet the basic needs of individuals who may be facing financial hardships, ensuring they have access to nourishment and other essential items. By offering these items at reduced costs, M & S Kolel Grocery makes a significant impact in the lives of those who rely on their services, helping them maintain a decent standard of living during challenging times.
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Impact
October, 2024
M & S Kolel Grocery significantly impacts the community by offering food and essential items at below-market prices, making nutritious options accessible to those in need. Located in Spring Valley, NY, this initiative alleviates food insecurity and supports vulnerable populations by ensuring they can obtain necessary groceries without financial strain. Through its efforts, M & S Kolel Grocery fosters a sense of community and provides a vital service that enhances the overall well-being of its local residents. The focus on affordability helps to improve nutrition and quality of life for families, promoting healthier lifestyles while supporting economic stability within the community.
This information is meant to be a general summary of M & S Kolel Grocery. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,880
- Gross Receipts: $9,224,099
Assets and Liabilities:
- Total Assets: $2,280,720
- Total Liabilities: $582,120
- Net Assets: $1,698,600
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Organization Details
Founding Year
1997
Phone
(845) 362-0810Principal Officer
Aharon Lefkowitz
Main Address
44 JEFFERSON AVE, SPRING VALLEY, NY, 10977
NTEE Category
Code: K31Z - Food
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