Tsq Inc
- Assets
- $10.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kew Gardens, NY
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 11-2693305
Organization Overview
Tsq Inc is located in Kew Gardens, NY. The organization was established in 1985. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tsq Inc 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 12/2021, Tsq Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $978.4k during the year ending 12/2021. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP NEEDY FAMILIES IN OUR AREA WITH FOOD & OTHER BASIC NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE OF ORGANIZATION IS TO COLLECT CONTRIBUTIONS FROM COMMUNITY & USE FUNDS TO PURCHASE FOOD & OTHER ITEMS WHICH ARE DISTRIBUTED TO THE NEEDY IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adina Pelman President | Officer | 0 | $0 |
Yoel Yankelewitz CFO | Officer | 0 | $0 |
Judy Rosenfeld Director | Officer | 0 | $0 |
Isaac Katz Executive Dir. | Officer | 0 | $0 |
Aaron Katz Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,997 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,222,580 |
| Noncash contributions included in lines 1a–1f | $345,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,231,577 |
| Total Program Service Revenue | $0 |
| Investment income | $138,687 |
| 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 | $2,370,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $798,326 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,800 |
| Office expenses | $10,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,224 |
| Insurance | $16,940 |
| All other expenses | $6,872 |
| Total functional expenses | $978,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,367 |
| Savings and temporary cash investments | $6,315,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,160,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,959,676 |
| Investments—publicly traded securities | $32,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $281,898 |
| Total assets | $10,820,211 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,297 |
| Total liabilities | $3,297 |
| Net assets without donor restrictions | $10,816,914 |
| 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 | $10,820,211 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Tsq Inc has recieved totaling $119,342.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $80,518 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,142 |
Ymac Foundation Kew Gardens, NY PURPOSE: CHARITABLE | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,170 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,297 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 07/25/21 | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Food Bank Of South Jersey Inc Pennsauken, NJ | $19,506,805 | $35,639,314 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |