Nonprofit · EIN 33-0673466
NEIGHBORHOOD MARKET ASSOCIATION INC
Tax-exempt · SAN DIEGO, CA 92120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $365,024 | $415,125 | -$50,101 | $77,965 | $24,769 | $53,196 |
| December 31, 2023 | 990 | $318,172 | $409,823 | -$91,651 | $127,349 | $24,052 | $103,297 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $276,315
- of which government grants
- $17,794
- Membership dues
- $39,191
- Program service revenue
- $64,906
- Investment income
- $0
- Net income from fundraising events
- $11,714
- Other revenue
- $23,803
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $152,605
- Other salaries and wages
- $36,059
- Salaries, compensation and benefits (total)
- $218,989
- Professional fundraising fees
- $0
- Occupancy
- $58,063
- Travel
- $6,998
- Depreciation
- $471
Balance sheet and other
- Total assets, start of year
- $127,349
- Total assets, end of year
- $77,965
- Total liabilities, end of year
- $24,769
- Net assets, end of year
- $53,196
- Land, buildings and equipment
- $1,227
- Net assets without donor restrictions
- $53,196
- Gross receipts
- $437,425
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARKAN SOMO | PRESIDENT & CEO Officer | 40 | $152,605 |
| MARK KASSAB | PAST CHAIRMAN Trustee or director | 1 | $0 |
| RONY GEORGES | EXECUTIVE CHAIRMAN Trustee or director | 1 | $0 |
| TONY KONJA | VICE CHAIRMAN Trustee or director | 1 | $0 |
| STEVE MATTIA | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| SAMIR SALEM | EMERITUS DIRECTOR Trustee or director | 1 | $0 |
| BASIL ZETOUNA | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| SAM ATTISHA | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| FIRAS SORO | EMERITUS DIRECTOR Trustee or director | 1 | $0 |
| WISAM MOSHE | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| GHASSAN NAMOU | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| CHRIS ZORA | EXECUTIVE TREASURER Trustee or director | 1 | $0 |
| MOLLY SYLVESTER | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| RYAN SALEM | EXECUTIVE SECRETARY Trustee or director | 1 | $0 |
| PATRICK KACHI | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE ABBO | EXECUTIVE MEMBER Trustee or director | 1 | $0 |
| NASEEM SALEEM | EMERITUS DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARKAN SOMO | PRESIDENT Officer | 40 | $60,000 |
| MARK KASSAB | EXECUTIVE CHAIRMAN Trustee or director | 1 | $0 |
| RONY GEORGES | VICE CHAIRMAN Trustee or director | 1 | $0 |
| REMON MANSOUR | TREASURER Trustee or director | 1 | $0 |
| STEVE MATTIA | SECRETARY Trustee or director | 1 | $0 |
| SAMIR SALEM | BOARD MEMBER Trustee or director | 1 | $0 |
| BASIL ZETOUNA | BOARD MEMBER Trustee or director | 1 | $0 |
| SAM ATTISHA | BOARD MEMBER Trustee or director | 1 | $0 |
| FIRAS SORO | BOARD MEMBER Trustee or director | 1 | $0 |
| WISAM MOSHE | BOARD MEMBER Trustee or director | 1 | $0 |
| GHASSAN NAMOU | BOARD MEMBER Trustee or director | 1 | $0 |
| SAEED SOMO | BOARD MEMBER Trustee or director | 1 | $0 |
| MOLLY SYLVESTER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6367 ALVARADO CT STE 204, SAN DIEGO, CA 92120-4915
- In care of
- % ARKAN SOMO
- Principal officer (990 for 2024)
- ARKAN SOMO, 6367 ALVARADO COURT 204, SAN DIEGO, CA 92120
- Signed the 990
- ARKAN SOMO, PRESIDENT
- Phone
- (619) 464-8485
- Website
- NEIGHBORHOODMARKET.ORG
- Return prepared by
- CONSIDINE & CONSIDINE
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0673466 or by the name NEIGHBORHOOD MARKET ASSOCIATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
A GROCERY AND CONVENIENCE STORES ASSOCIATION THAT EDUCATES AND UPDATES ITS MEMBERS REGARDING THE LAWS & REGULATIONS, SOCIAL, & ECONOMICAL ENVIRONMENT THAT SURROUNDS THE GROCERY AND CONVENIENCE STORES INDUSTRY.
Program accomplishments
- ASSOCIATION FOR FOOD & BEVERAGE INDUSTRY.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0673466
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $77,965
- Income (IRS master file)
- $437,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $365,024 | $415,125 | $77,965 | XML |
| 990 | December 2023 | $318,172 | $409,823 | $127,349 | XML |
| 990 | December 2022 | $380,191 | $359,360 | $206,212 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 33-0673466).
Questions about NEIGHBORHOOD MARKET ASSOCIATION INC
- What is the EIN of NEIGHBORHOOD MARKET ASSOCIATION INC?
- The employer identification number (EIN) of NEIGHBORHOOD MARKET ASSOCIATION INC is 33-0673466.
- Is NEIGHBORHOOD MARKET ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Which annual return does NEIGHBORHOOD MARKET ASSOCIATION 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 NEIGHBORHOOD MARKET ASSOCIATION 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 NEIGHBORHOOD MARKET ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEIGHBORHOOD MARKET ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names ARKAN SOMO.
- Who are the officers and directors of NEIGHBORHOOD MARKET ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $152,605 (ARKAN SOMO, PRESIDENT & CEO).
- How much revenue does NEIGHBORHOOD MARKET ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $365,024, expenses of $415,125 and total assets of $77,965 at year end.
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