New Square Kosher Certification INC FY2022 filing

Tax-deductible

Spring Valley, NY501(c)(3)EnvironmentEIN 13-3689641

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To provide religious services for the community, including Certification for establishments that wish to be considered Kosher. And to provide low-cost housing for the faculty members of the organization.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $44K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$789K
+611% vs prior year
Spent
$396K
To programs
97%
Net assets
$926K
By yearFY2020–FY2024
Revenue
$789K
FY2022▲ +611%
Revenue by fiscal year
FY2020$123K
FY2021$111K
FY2022$789K
FY2023$64K
FY2024$110K
Expenses
$396K
FY2022▲ +183%
Expenses by fiscal year
FY2020$142K
FY2021$140K
FY2022$396K
FY2023$176K
FY2024$122K
Net assets
$926K
FY2022▲ +51%
Net assets by fiscal year
FY2020$596K
FY2021$614K
FY2022$926K
FY2023$860K
FY2024$853K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $384K Management & general 3% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See New Square Kosher Certification INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers religious services and kosher certification, plus affordable housing for staff.

Provided by the organization

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1 program · $67K · in their own filed words · FY2022
01

To provide religious services for the community, including certification for establishments that wish to be considered kosher. And to provide low-cost housing for the faculty members of the organization.

$67Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $275K · 2022–2023
Yad Lyisroel INCNY · FY2023$5,425
Yeshiva Tyy SkverNY · FY2022$250,000
Congregation Fristik RiminovNY · FY2022$14,000
Yad Lyisroel INCNY · FY2022$6,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$789K
Ln 12
Investment incomeLn 3$726K
Fees for servicesLn 2g$61K
Gifts and grantsLn 1h$2K
Money outPt IX
$396K
Ln 25
Programscol B$384K
Managementcol C$11K
Owns and owesPt X
$926K
net assets · Ln 32
Cash and savingsLn 1–2$948K
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$61K
Investment incomeLn 3$726K
Gains on assetsLn 7$718K
Total revenueLn 12$789K
Assets in detailPt X, end of year
CashLn 1$632K
SavingsLn 2$317K
Cash and savings togetherLn 1–2$948K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.1M
Net assetsLn 32$926K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$456K$948K
Land, buildings, equipmentLn 10c$1.2M$1.0M
Total assetsLn 16$1.7M$2.0M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$614K$926K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$270K$270K
Other salaries and wagesLn 7$42K$31K$10K
Payroll taxesLn 10$4K$3K$928
Management feesLn 11a$3K$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$13K$13K$30
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$47K$47K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$396K$384K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $110K$122K−$12K$853K 990 PDF
FY2023 $64K$176K−$112K$860K 990 PDF
FY2022 Viewing $789K$396K$393K$926K 990 PDF
FY2021 $111K$140K−$29K$614K 990 PDF
FY2020 $123K$142K−$18K$596K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $788,991 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,850
VIII-1h Total contributions, gifts and grants$1,850
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,288$61,288
VIII-3 Investment incomeExcluded from tax $7,512$7,512
VIII-7 Net gain or loss on sales of assetsRelated to mission $718,341$718,341
VIII-12 Total revenueRelated to mission $779,629 · Excluded from tax $7,512$788,991
Part IX · Statement of functional expenses $395,896 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $270,000$270,000
IX-7 Other salaries and wagesPrograms $31,361 · Management $10,454$41,815
IX-10 Payroll taxesPrograms $2,783 · Management $928$3,711
IX-11a Management feesPrograms $3,050$3,050
IX-11c Accounting feesPrograms $3,000$3,000
IX-11g Other fees for servicesPrograms $12,891 · Management $30$12,921
IX-20 InterestPrograms $9,000$9,000
IX-22 Depreciation, depletion and amortizationPrograms $47,132$47,132
IX-23 InsurancePrograms $5,267$5,267
IX-25 Total functional expensesPrograms $384,484 · Management $11,412 · Fundraising $0$395,896
Part X · Balance sheet $1,993,962 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $66,143$631,648
X-2 Savings and temporary cash investmentsStart of year $390,035$316,530
X-4 Accounts receivableStart of year $17,579$33,073
X-9 Prepaid expenses and deferred charges$5,016
X-10c Land, buildings and equipment, netStart of year $1,198,436$1,007,695
X-16 Total assetsStart of year $1,672,193$1,993,962
X-17 Accounts payable and accrued expensesStart of year $549$1,240
X-24 Unsecured notes and loans payableStart of year $703,307$703,307
X-26 Total liabilitiesStart of year $1,058,231$1,067,922
X-27 Net assets without donor restrictionsStart of year $613,962$926,040
X-32 Total net assets or fund balancesStart of year $613,962$926,040
X-33 Total liabilities and net assetsStart of year $1,672,193$1,993,962
Part XI · Reconciliation of net assets $926,040 net assets at year end
XI-1 Total revenue$788,991
XI-2 Total expenses$395,896
XI-3 Revenue less expenses$393,095
XI-4 Net assets at start of year$613,962
XI-5 Net unrealized gains (losses) on investments−$81,017
XI-10 Net assets at end of year$926,040

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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