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Nonprofiteer
← MARTHAS TABLE SO INC

Form 990 for tax year 2022

Filed by MARTHAS TABLE SO INC.

Totals

Total revenue
$142,307
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$142,307
Other revenue
$0
Total assets, end of year
$20,087,354
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$20,087,354
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $142,307 · excluded $142,307

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $923,411 · end of year $1,065,718

  • 4 · Accounts receivable

    beginning of year $47,436 · end of year $47,436

  • 7 · Other notes and loans receivable

    beginning of year $18,974,200 · end of year $18,974,200

  • 27 · Net assets without donor restrictions

    beginning of year $19,945,047 · end of year $20,087,354

Mission and programs · 2022

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, NAMELY, TO SUPPORT MARTHA'S TABLE INC. IN BUILDING A NEW FACILITY AND SUPPORT STRONGER CHILDREN, STRONGER FAMILIES, AND STRONGER COMMUNITIES BY INCREASING ACCESS TO QUALITY EDUCATION PROGRAMS, HEALTHY FOOD, AND FAMILY SUPPORTS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THE ORGANIZATION IS ORGANIZED EXCLUSIVELY TO SUPPORT THE CHARITABLE AND EDUCATIONAL PURPOSES OF MARTHA'S TABLE, INC. INITIALLY, THE ORGANIZATION WILL SUPPORT MARTHA'S TABLE BY HELPING TO FUND AND OVERSEE THE DEVELOPMENT OF A NEW HEADQUARTERS IN THE HILLSDALE NEIGHBORHOOD OFWARD 8, ONE OF THE DISTRICT OF COLUMBIA'S POOREST AREAS. IN MAY 2017, MARTHA'S TABLE SO ENTERED INTO A NOTE RECEIVABLE OF $18,974,200 FROM AN OUTSIDE INVESTMENT FIRM THAT WAS ISSUED AS PART OF THE NEW MARKET TAX CREDIT FINANCING FOR THE DEVELOPMENT OF THE NEW MARTHA'S TABLE HEADQUARTERS AND EARLY LEARNING CENTER. AFTER THE COMPLETION OF THE CONSTRUCTION PROJECT, THE ORGANIZATION MAY CONTINUE TO PROVIDE FINANCIAL AND OTHER SUPPORT TO MARTHA'S TABLE'S CHARITABLE PROGRAMS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tiffany Williams

    PRESIDENT AND CEO

    Total calculated
    $219,674
    From this org
    $0
    From related orgs
    $209,687
    Other
    $9,987
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,687 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,821 related
    Nontaxable benefits
    $0 + $2,166 related
    Filer's total
    $0 + $219,674 related

  • Julian Gamez

    CHIEF FINANCIAL OFFICER

    Total calculated
    $158,658
    From this org
    $0
    From related orgs
    $144,041
    Other
    $14,617
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,041 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,878 related
    Nontaxable benefits
    $0 + $11,739 related
    Filer's total
    $0 + $158,658 related

  • Ken Bacon

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sam Martinez

    DIRECTOR (UNTIL 8/2022)

    Total calculated
    $0
    Hours/week
    1

  • Ellis Carr

    DIRECTOR (UNTIL 8/2022)

    Total calculated
    $0
    Hours/week
    1

  • Kim Ford

    FORMER OFFICER

    Total calculated
    $240,158
    From this org
    $0
    From related orgs
    $239,360
    Other
    $798
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $37,212 related
    Bonus
    $0
    Other
    $0 + $202,148 related
    Deferred
    $0 + $798 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $240,158 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIES ON MARTHA'S TABLE, INC., A RELATED ORGANIZATION, TO DETERMINE COMPENSATION. MARTHA'S TABLE, INC., THE RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION SURVEY - APPROVAL BY THE BOARD
PART I, LINE 4A
DURING THE CALENDAR YEAR 2022, KIM FORD RECEIVED SEVERANCE IN THE AMOUNT OF $202,148.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 April 2024
IRS schema version
2022v5.0
Source object
202430989349300113

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