Totals
- Total revenue
- $11,268,897
- Total expenses
- $7,417,565
- Contributions and grants received
- $11,125,196
- Grants paid
- $5,722
- Program service revenue
- $0
- Investment income
- $129,328
- Other revenue
- $14,373
- Total assets, end of year
- $13,018,041
- Total liabilities, end of year
- $317,314
- Net assets or fund balances, end of year
- $12,700,727
- Program services expenses (Part IX)
- $5,869,995
- Management and general expenses
- $735,500
- Fundraising expenses
- $812,070
- Program service expenses (Part III)
- $5,869,995
Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1c · Fundraising events
$587,843
-
1e · Government grants (contributions)
$1,367,260
-
1f · All other contributions, gifts and grants
$9,170,093
-
3 · Investment income
total $130,151 · excluded $130,151
-
6a · Gross rents
real property $14,154
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $14,154
-
6d · Net rental income or loss
total $14,154 · unrelated business $14,154
-
7a · Gross sales of assets other than inventory
securities $63,982
-
7b · Less cost or other basis and sales expenses
securities $64,805
-
7c · Gain or loss
securities -$823
-
7d · Net gain or loss
total -$823 · excluded -$823
-
8a · Fundraising events: gross income
$127,276
-
8a · Fundraising events: contributions included on line 1c
$587,843
-
8b · Fundraising events: direct expenses
$127,276
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: MISCELLANEOUS INCOME
total $219 · related or exempt $219
-
11e · Other revenue, total
$219
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000 · program services $1,000
-
2 · Grants to domestic individuals
total $4,722 · program services $4,722
-
5 · Compensation of officers, directors and key employees
total $549,619 · program services $313,990 · management and general $166,025 · fundraising $69,604
-
7 · Other salaries and wages
total $2,828,931 · program services $2,358,294 · management and general $233,000 · fundraising $237,637
-
8 · Pension plan contributions
total $52,893 · program services $43,306 · management and general $4,973 · fundraising $4,614
-
9 · Other employee benefits
total $311,845 · program services $248,782 · management and general $36,260 · fundraising $26,803
-
10 · Payroll taxes
total $349,599 · program services $276,853 · management and general $41,117 · fundraising $31,629
-
11b · Fees: legal
total $9,200 · program services $1,840 · management and general $7,360
-
11c · Fees: accounting
total $27,792 · management and general $27,792
-
11e · Fees: professional fundraising services
total $328,790 · fundraising $328,790
-
11f · Fees: investment management
total $2,252 · management and general $2,252
-
11g · Fees: other
total $174,441 · program services $70,041 · management and general $104,400
-
12 · Advertising and promotion
total $47,507 · program services $17,956 · fundraising $29,551
-
13 · Office expenses
total $213,241 · program services $168,869 · management and general $25,080 · fundraising $19,292
-
16 · Occupancy
total $1,796,955 · program services $1,727,117 · management and general $34,919 · fundraising $34,919
-
17 · Travel
total $30,019 · program services $9,685 · management and general $20,334
-
19 · Conferences, conventions and meetings
total $46,249 · program services $41,624 · fundraising $4,625
-
22 · Depreciation, depletion and amortization
total $169,482 · program services $134,216 · management and general $19,933 · fundraising $15,333
-
23 · Insurance
total $46,129 · program services $36,531 · management and general $5,425 · fundraising $4,173
-
24a · Other expenses: MEMBERSHIP TRAINING EXP
total $370,526 · program services $370,526
-
24b · Other expenses: STAFF DEVELOPMENT
total $35,420 · program services $28,050 · management and general $4,166 · fundraising $3,204
-
24c · Other expenses: COMMUNICATIONS
total $20,953 · program services $16,593 · management and general $2,464 · fundraising $1,896
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $774,203 · end of year $389,132
-
2 · Savings and temporary cash investments
beginning of year $3,426,612 · end of year $6,042,716
-
3 · Pledges and grants receivable
beginning of year $4,099,656 · end of year $5,581,868
-
4 · Accounts receivable
beginning of year $9,430 · end of year $25,135
-
9 · Prepaid expenses and deferred charges
beginning of year $62,301 · end of year $31,850
-
10a · Land, buildings and equipment: cost or other basis
$621,095
-
10b · Land, buildings and equipment: accumulated depreciation
$368,268
-
10c · Land, buildings and equipment, net
beginning of year $417,734 · end of year $252,827
-
11 · Investments: publicly traded securities
beginning of year $200,256 · end of year $687,527
-
15 · Other assets
beginning of year $11,278 · end of year $6,986
-
17 · Accounts payable and accrued expenses
beginning of year $182,482 · end of year $212,700
-
19 · Deferred revenue
beginning of year $7,000 · end of year $3,500
-
25 · Other liabilities
beginning of year $5,406 · end of year $101,114
-
27 · Net assets without donor restrictions
beginning of year $4,162,350 · end of year $5,790,630
-
28 · Net assets with donor restrictions
beginning of year $4,644,232 · end of year $6,910,097
Mission and programs · 2023
Mission
HOT BREAD KITCHEN CREATES ECONOMIC OPPORTUNITY FOR WOMEN AND GENDER EXPANSIVE PEOPLE, IMMIGRANTS, AND PEOPLE OF COLOR THROUGH JOB SKILLS TRAINING, HIGH-QUALITY JOB PLACEMENT, FOOD ENTREPRENEURSHIP PROGRAMS, AND AN ECOSYSTEM OF SUPPORT IN NEW YORK CITY.
-
CULINARY WORKFORCE DEVELOPMENTTHROUGH HOT BREAD KITCHEN'S CULINARY WORKFORCE DEVELOPMENT PROGRAMS, MEMBERS GAIN SKILLS AND CONFIDENCE IN AND OUT OF THE KITCHEN TO PREPARE FOR CAREERS IN THE FOOD INDUSTRY AND BEYOND. IN 2023, WE ENROLLED 332 BREADWINNERS IN OUR WORKFORCE DEVELOPMENT PROGRAMS, INCLUDING OUR SIGNATURE CULINARY FUNDAMENTALS PROGRAM, AS WELL AS THE NEW FIRST COURSE NYC PROGRAM IN COLLABORATION WITH THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES. OUR SIGNATURE CULINARY FUNDAMENTALS PROGRAM PROVIDES FUNDAMENTAL FOOD INDUSTRY SKILLS EMPHASIZING BASIC COOKING AND BAKING TECHNIQUES AND PLACES PROGRAM GRADUATES IN HIGH-QUALITY JOBS WITHIN HOT BREAD KITCHEN'S LARGE NETWORK OF EMPLOYER PARTNERS. THE PROGRAM ALSO INCLUDES PROFESSIONAL READINESS, WRAPAROUND SUPPORT, AND ENGLISH FOR SPEAKERS OF OTHER LANGUAGES COURSES.THE FIRST COURSE NYC PROGRAM PROVIDES CULINARY INSTRUCTION AND APPRENTICESHIP OPPORTUNITIES FOR ASPIRING RESTAURANT COOKS. MEMBERS RECEIVE 8 WEEKS OF KITCHEN-BASED INSTRUCTION, HANDS-ON TECHNICAL SKILLS TRAINING, AND PROFESSIONAL SKILLS LESSONS FOLLOWED BY 6 WEEKS OF ON-THE-JOB TRAINING WITH FINE DINING RESTAURANTS ACROSS NYC LIKE LILIA, MISI, PIG & KHAO, AND CENTURION.
Expenses $4,843,382 · Revenue $14,373
-
SMALL BUSINESSOUR FOOD ENTREPRENEURSHIP PROGRAMS SUPPORT WOMEN OF COLOR ENTREPRENEURS AS THEY SEED, START, AND SCALE THEIR SMALL FOOD BUSINESSES WITHIN NYC'S THRIVING FOOD INDUSTRY. IN 2023, WE SUPPORTED 84 BUSINESSES THROUGH OUR SEED PROGRAM, WHICH IS A 5-PART PROGRAM THAT HELPS MEMBERS DEVELOP A BUSINESS PLAN FRAMEWORK THAT SUPPORTS THEIR MARKET-READY PRODUCTS. WE ALSO LAUNCHED START, WHICH PROVIDES ELIGIBLE ENTREPRENEURS THE OPPORTUNITY TO TEST THEIR BUSINESS MODEL BY ACCESSING SUBSIDIZED COMMERCIAL KITCHEN SPACE, ACCESS TO MARKETS, AND TECHNICAL ASSISTANCE.
Expenses $380,687
-
COMMUNITY ENGAGEMENT & MEMBER SUPPORTWHEN MEMBERS ENROLL IN COURSES WITH HOT BREAD KITCHEN, THEY ARE ALSO ELIGIBLE FOR SUPPORT SERVICES TO MEET THEIR NEEDS OUTSIDE THE WORKPLACE. OUR 1:1 COACHING SESSIONS OFFER GUIDANCE AND REFERRALS TO OUR VAST NETWORK OF COMMUNITY PARTNERS, SUPPORTING MEMBERS AS THEY LAUNCH THEIR NEW CAREERS IN THE FOOD INDUSTRY. IN 2023, WE PROVIDED OVER $32,000 IN EMERGENCY FUNDING TO OUR MEMBERS TO ADDRESS NEEDS SUCH AS RENTAL ARREARS, CHILDCARE, TRANSPORTATION, FOOD ASSISTANCE, JOB INTERVIEW CLOTHING, AND MORE.
Expenses $645,926 · Grants $5,722
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Leslie AbbeyLESLIE ABBEY
CHIEF EXCUTIVE OFFICER
- Total calculated
- $237,657
- From this org
- $224,788
- From related orgs
- $0
- Other
- $12,869
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,788
- Bonus
- $5,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,869
- Filer's total
- $237,657
-
Cedric Jarrett Through 1223CEDRIC JARRETT THROUGH 1223
CHIEF FINANCIAL OFFICER
- Total calculated
- $147,150
- From this org
- $144,265
- From related orgs
- $0
- Other
- $2,885
- Hours/week
- 40
-
Kristine BorokKRISTINE BOROK
CHIEF OPERATING OFFICER
- Total calculated
- $164,812
- From this org
- $164,812
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,812
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $164,812
-
Catherine KimCATHERINE KIM
CHIEF PROGRAM OFFICER
- Total calculated
- $145,815
- From this org
- $144,265
- From related orgs
- $0
- Other
- $1,550
- Hours/week
- 40
-
Diana TaylorDIANA TAYLOR
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mary McCaffreyMARY MCCAFFREY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Emily SusskindEMILY SUSSKIND
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chaeri Kim TornayCHAERI KIM TORNAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Antonia BowringANTONIA BOWRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah Bronston-CulpDEBORAH BRONSTON-CULP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana CowinDANA COWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ilene EngILENE ENG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anamita GuhaANAMITA GUHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracy JoshuaTRACY JOSHUA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol LewisCAROL LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra NudelmanSANDRA NUDELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ReichMATTHEW REICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margarita SawhneyMARGARITA SAWHNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shaolee SenSHAOLEE SEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gail SimmonsGAIL SIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monali VoraMONALI VORA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Courtney WillisCOURTNEY WILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaffer ZaidiJAFFER ZAIDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben Levental Through 323BEN LEVENTAL THROUGH 323
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amir Kirkwood Through 323AMIR KIRKWOOD THROUGH 323
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422989349301952
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.