Totals
- Total revenue
- $2,740,788
- Total expenses
- $4,036,962
- Contributions and grants received
- $2,697,831
- Grants paid
- $1,001
- Program service revenue
- $0
- Investment income
- $7,157
- Other revenue
- $35,800
- Total assets, end of year
- $9,001,470
- Total liabilities, end of year
- $194,888
- Net assets or fund balances, end of year
- $8,806,582
- Program services expenses (Part IX)
- $2,925,601
- Management and general expenses
- $562,662
- Fundraising expenses
- $548,699
- Program service expenses (Part III)
- $2,925,601
Program services were 72.5% 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
$258,867
-
1e · Government grants (contributions)
$198,159
-
1f · All other contributions, gifts and grants
$2,240,805
-
3 · Investment income
total $7,910 · excluded $7,910
-
6a · Gross rents
real property $32,533
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $32,533
-
6d · Net rental income or loss
total $32,533 · related or exempt $10,619 · unrelated business $21,914
-
7a · Gross sales of assets other than inventory
securities $26,341
-
7b · Less cost or other basis and sales expenses
securities $27,094
-
7c · Gain or loss
securities -$753
-
7d · Net gain or loss
total -$753 · excluded -$753
-
8a · Fundraising events: gross income
$37,460
-
8a · Fundraising events: contributions included on line 1c
$258,867
-
8b · Fundraising events: direct expenses
$37,460
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$2,330
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $2,330 · related or exempt $2,330
-
11a · Other revenue: MISCELLANEOUS INCOME
total $937 · related or exempt $937
-
11e · Other revenue, total
$937
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,001 · program services $1,001
-
5 · Compensation of officers, directors and key employees
total $561,261 · program services $322,055 · management and general $169,424 · fundraising $69,782
-
7 · Other salaries and wages
total $1,917,577 · program services $1,530,839 · management and general $173,181 · fundraising $213,557
-
8 · Pension plan contributions
total $20,715 · program services $16,778 · management and general $1,697 · fundraising $2,240
-
9 · Other employee benefits
total $163,240 · program services $127,593 · management and general $20,198 · fundraising $15,449
-
10 · Payroll taxes
total $245,774 · program services $184,346 · management and general $33,643 · fundraising $27,785
-
11a · Fees: management
total $1,192 · management and general $1,192
-
11b · Fees: legal
total $1,850 · program services $370 · management and general $1,480
-
11c · Fees: accounting
total $26,500 · management and general $26,500
-
11e · Fees: professional fundraising services
total $35,000 · fundraising $35,000
-
11g · Fees: other
total $226,823 · program services $23,000 · management and general $75,833 · fundraising $127,990
-
12 · Advertising and promotion
total $18,597 · program services $3,056 · fundraising $15,541
-
13 · Office expenses
total $86,095 · program services $64,577 · management and general $11,785 · fundraising $9,733
-
14 · Information technology
total $124,423 · program services $93,325 · management and general $17,032 · fundraising $14,066
-
16 · Occupancy
total $141,869 · program services $136,193 · management and general $2,838 · fundraising $2,838
-
17 · Travel
total $16,686 · program services $5,530 · management and general $11,156
-
19 · Conferences, conventions and meetings
total $9,233 · program services $8,310 · fundraising $923
-
20 · Interest
total $848 · program services $636 · management and general $116 · fundraising $96
-
22 · Depreciation, depletion and amortization
total $38,231 · program services $28,676 · management and general $5,233 · fundraising $4,322
-
23 · Insurance
total $44,869 · program services $33,655 · management and general $6,142 · fundraising $5,072
-
24a · Other expenses: MEMBERSHIP TRAINING EXP
total $317,099 · program services $317,099
-
24b · Other expenses: STAFF DEVELOPMENT
total $23,217 · program services $17,414 · management and general $3,178 · fundraising $2,625
-
24c · Other expenses: COMMUNICATIONS
total $14,862 · program services $11,148 · management and general $2,034 · fundraising $1,680
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,108 · end of year $774,203
-
2 · Savings and temporary cash investments
beginning of year $4,065,637 · end of year $3,426,612
-
3 · Pledges and grants receivable
beginning of year $4,327,325 · end of year $4,099,656
-
4 · Accounts receivable
beginning of year $3,000 · end of year $9,430
-
9 · Prepaid expenses and deferred charges
beginning of year $41,167 · end of year $62,301
-
10a · Land, buildings and equipment: cost or other basis
$616,520
-
10b · Land, buildings and equipment: accumulated depreciation
$198,786
-
10c · Land, buildings and equipment, net
beginning of year $26,192 · end of year $417,734
-
11 · Investments: publicly traded securities
beginning of year $161,669 · end of year $200,256
-
15 · Other assets
beginning of year $15,321 · end of year $11,278
-
17 · Accounts payable and accrued expenses
beginning of year $86,951 · end of year $182,482
-
19 · Deferred revenue
end of year $7,000
-
24 · Unsecured notes and loans payable
beginning of year $81,958 · end of year $0
-
25 · Other liabilities
beginning of year $10,949 · end of year $5,406
-
27 · Net assets without donor restrictions
beginning of year $3,599,156 · end of year $4,162,350
-
28 · Net assets with donor restrictions
beginning of year $5,085,405 · end of year $4,644,232
Mission and programs · 2022
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.
Activities or mission (Part I)
SEE SCHEDULE OHOT 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 DEVELOPMENTIN 2022, HOT BREAD KITCHEN RETURNED TO IN-PERSON PROGRAMMING FOR THE FIRST TIME SINCE THE COVID-19 PANDEMIC. WE SEVERED A TOTAL OF 316 INDIVIDUALS, WHO WE CALL OUR "MEMBERS", ACROSS ALL OF OUR PROGRAMS, MARKING A 68% INCREASE FROM OUR PREVIOUS HIGHEST YEAR IN 2019. OUT OF THE 316 MEMBERS SERVED, 146 WERE ENROLLED IN OUR CULINARY FUNDAMENTALS JOB TRAINING PROGRAM- OUR SIGNATURE CULINARY TRAINING COURSE THAT PREPARES MEMBERS FOR PLACEMENT IN HIGH-QUALITY, ENTRY-LEVEL ROLES WITHIN OUR NETWORK OF 200+ CAREFULLY SELECTED EMPLOYER PARTNERS, THAT PRIORITIZE HEALTH AND RETIREMENT BENEFITS, PAID TIME OFF,HIGHER-THAN-AVERAGE WAGES, AND OPPORTUNITIES FOR CAREER ADVACEMENT. WE ALSO ENROLLED 122 MEMBERS IN OUR BRIDGE PROGRAMS IN 2022, WHICH INCLUDED ENGLISH FOR SPEAKERS OF OTHER LANGUAGES AND DIGITAL SKILLS COURSES, TO ENSURE THAT OUR MEMBERS HAVE THE FOUNDATIONAL SKILLS THEY NEED TO SUCCEED IN OUR PROGRAMS AND IN THE WORKPLACE. FINALLY, WE ENROLLED 99 MEMBERS IN OUR FOOD PROTECTION COURSE, WHICH PREPARES THEM TO TAKE THE FOOD HANDLERS CERTIFICATION EXAM DELIVERED BY NEW YORK CITY DEPARTMENT OF HEALTH, A KEY CREDENTIAL TO SUPPORT MEMBERS' CAREER ADVANCEMENT IN THE NEW YORK CITY FOOD INDUSTRY. ALL OF HOT BREAD KITCHEN'S PROGRAMS ARE ANCHORED BY AN ECOSYSTEM OF SUPPORT PROVIDED BY OUR COMMUNITY AND MEMBER ENGAGEMENT TEAM, WHO PROVIDES ONE-ON-ONE CASE MANAGEMENT, AND WARM REFERRALS TO A NETWORK OF 300+ COMMUNITY PARTNERS THAT PROVIDE HOUSING AND PUBLIC BENEFITS ASSISTANCE, LEGAL SERVIES, MENTAL HEALTH AND INTIMATE PARTNER VIOLENCE COUNSELING, AFFORABLE CHILDCARE, AND MORE.
Expenses $2,650,436 · Grants $1,001 · Revenue $3,267
-
SMALL BUSINESSIN 2022, HOT BREAD HITCHEN SIGNIFICANTLY DEVELOPED OUR SMALL BUSINESS PROGRAM, WHICH SUPPORTS WOMEN ENTREPRENEURS OF COLOR TO SEED AND GROW THEIR BUSINESSES INTO LONG-TERM SOURCES OF SUSTAINABLE HOUSEHOLD INCOME. WE LED FOUR COHORTS OF OUR PREP FOR SUCCESS ONLINE COURSE FOR ASPIRING ENTREPRENEURS, WHICH PROVIDED LESSONS ON THE FUNDAMENTALS OF STARTING A FOOD BUSINESS IN NEW YORK CITY. THE PROGRAM WAS OVERSUBSCRIBED, ENROLLING 75 MEMBERS IN 2022. OUR EIGHT-WEEK PROOF PITCH PROGRAM, LAUNCHED IN FALL OF 2022, OFFERED BUSINESS MENTORSHIP, BRANDING TECHNICAL ASSISTANCE, AND COACHING FOCUSED ON HOW TO PITCH A FOOD PRODUCT TO TEN ENTREPRENEURS WITH EXISTING BUSINESSES. THIS CULMINATED IN A LIVE AUDIENCE PROOF PITCH SHOWCASE, IN WHICH FIVE FINALISTS PITCHED THEIR FOOD BRAND TO A PANEL OF CULINARY EXPERTS AND 300 GUESTS. EACH OF THE FIVE FINALISTS HAS RECEIVED SUBSIDIZED ACCESS TO COMMERICAL KITCHEN SPACE AND ONE-ON-ONE COACHING, AND ALL 10 ENTREPRENEURS WILL CONTINUE TO RECEIVE BUSINESS MENTORSHIP AND ACCESS TO MARKET OPPORTUNITIES. IN THE SECOND HALF OF 2022, WE DEVELOPED A STRATEGIC PLAN FOR THE NEXT PHASE OF HOT BREAD KITCHEN'S SMALL BUSINESS PROGRAM, LAYING OUT A NEW FORMAT, HBK INCUBATES, WHICH INCLUDES THREE OFFERINGS, SEED, START, AND SCALE, ALIGNED WITH AN ENTREPRENEUR'S JOURNEY FROM INITIAL IDEATION TO BUILDING AND SCALING AN OPERATIONAL SMALL FOOD BUSINESS.
Expenses $275,165 · Revenue $10,619
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
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
-
Anamita GuhaANAMITA GUHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracy JoshuaTRACY JOSHUA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amir KirkwoodAMIR KIRKWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben LeventalBEN LEVENTAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol LewisCAROL LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary McCaffreyMARY MCCAFFREY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra NudelmanSANDRA NUDELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ingrid Ramsussen 1222INGRID RAMSUSSEN 1222
SECRETARY
- 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
-
Emily SusskindEMILY SUSSKIND
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Diana TaylorDIANA TAYLOR
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chaeri TornayCHAERI TORNAY
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
-
Fred SchonenburgFRED SCHONENBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie AbbeyLESLIE ABBEY
CHIEF EXCUTIVE OFFICER
- Total calculated
- $216,883
- From this org
- $196,808
- From related orgs
- $0
- Other
- $20,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,808
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $196,808
-
Cedric JarrettCEDRIC JARRETT
CHIEF FINANCE OFFICER
- Total calculated
- $145,736
- From this org
- $142,980
- From related orgs
- $0
- Other
- $2,756
- Hours/week
- 40
-
Kristine BorokKRISTINE BOROK
CHIEF OPERATING OFFICER
- Total calculated
- $169,577
- From this org
- $169,577
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,577
- Bonus
- $15,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $169,577
-
Catherine KimCATHERINE KIM
CHIEF PROGRAM OFFICER
- Total calculated
- $144,388
- From this org
- $142,980
- From related orgs
- $0
- Other
- $1,408
- Hours/week
- 40
-
Katherine PeabodyKATHERINE PEABODY
VICE PRESIDENT OF PROGRAMS
- Total calculated
- $114,007
- From this org
- $103,831
- From related orgs
- $0
- Other
- $10,176
- Hours/week
- 40
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
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349305394
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