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Nonprofit · EIN 82-2437815

KOLEL TORAH INC

Tax-exempt · BROOKLYN, NY 11213

Financials

$6.2M$6.4M2023$5.7M$5.5M2024
Revenue Expenses · by fiscal year end
Financials of KOLEL TORAH INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,679,475$5,471,788$207,687$314,057$8,099$305,958
December 31, 2023990$6,218,934$6,378,782-$159,848$98,936$665$98,271
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,679,475
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,720,707
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,500
Travel
$7,118
Program services (functional)
$5,452,911
Management and general (functional)
$11,759
Fundraising (functional)
$7,118

Balance sheet and other

Total assets, start of year
$98,936
Total assets, end of year
$314,057
Total liabilities, end of year
$8,099
Net assets, end of year
$305,958
Net assets without donor restrictions
$305,958
Gross receipts
$5,679,475
Employees
0
Volunteers
5
Year formed
2017
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MENACHEM MARGOLINDirector
Trustee or director
10$0
BENZION LIPSKERCOO
Trustee or director
5$0
YITSCHAK Z FARKASHTreasurer
Trustee or director
5$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
MENACHEM MARGOLINDirector
Trustee or director
10$0
BENZION LIPSKERCOO
Trustee or director
5$0
YITSCHAK Z FARKASHTreasurer
Trustee or director
5$0

Address and contacts

Address (IRS master file)
642 EASTERN PKWY, BROOKLYN, NY 11213-3311
In care of
% Y FARKAS
Signed the 990
YITSCHAK Z FARKASH, Treasurer
Phone
(718) 753-7671
Return prepared by
EFFY STEIGMAN & CO CPAS PC

Mission

To fund institutions of higher Jewish learning, with an emphasis on adult education. To organize classes and semninars of Jewish education or fund those who are already doing this. To help less affiliated Jews. To fund organizations that help the less fortunate in any capacity, as well as helping individuals in times of need and want.

990 for the year ended December 31, 2024

Program accomplishments

  • To support and fund organization that increase Jewish learning and observance and help Jews in financial need
    Expenses $5,452,911 · revenue $5,679,475

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-2437815
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X12)
Assets (IRS master file)
$314,057
Income (IRS master file)
$5,679,475

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,679,475$5,471,788$314,057XML
990December 2023$6,218,934$6,378,782$98,936XML
990December 2022$10,550,860$10,509,522$285,295IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2437815).

Questions about KOLEL TORAH INC

What is the EIN of KOLEL TORAH INC?
The employer identification number (EIN) of KOLEL TORAH INC is 82-2437815.
Is KOLEL TORAH INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to KOLEL TORAH INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOLEL TORAH INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KOLEL TORAH INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KOLEL TORAH INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of KOLEL TORAH INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does KOLEL TORAH INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,679,475, expenses of $5,471,788 and total assets of $314,057 at year end.

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