Hot Bread Kitchen Ltd
- Assets
- $8.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 39
- Location
- New York, NY
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-3332972
Organization Overview
Hot Bread Kitchen Ltd is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Hot Bread Kitchen Ltd employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hot Bread Kitchen Ltd 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, Hot Bread Kitchen Ltd generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OHOT BREAD KITCHEN CREATES ECONOMIC OPPORTUNITIES FOR IMMIGRANT WOMEN AND WOMEN OF COLOR THROUGH FOOD ENTREPRENEURSHIP, JOB SKILLS TRAINING AND AN ECOSYSTEM OF SUPPORT IN NYC.
Describe the Organization's Program Activity:
IN 2021, HOT BREAD KITCHEN WORKED WITH 176 INDIVIDUALS ACROSS ALL OF OUR PROGRAMMING. HOT BREAD KITCHEN CONTINUED TO PROVIDE ONE-ON-ONE OUTREACH AND SOCIAL SERVICE SUPPORT TO MEMBERS WHO LOST THEIR JOBS DUE TO THE PANDEMIC. WE PROVIDED 91 MEMBERS WITH ONE-ON-ONE INDIVIDUALIZED SUPPORT TO HELP ENSURE THE WOMEN WE SERVE HAD THE RESOURCES AND SUPPORT, SUCH AS ACCESS TO CHILDCARE, PUBLIC BENEFITS, AND HOUSING SERVICES, TO MAKE PROGRESS AGAINST THEIR PERSONAL AND PROFESSIONAL GOALS. WHILE OUR SIGNATURE CULINARY TRAINING PROGRAM REMAINED ON HIATUS THROUGH 2021 DUE TO THE ONGOING PANDEMIC, WE PILOTED THE FACILITY MANAGEMENT JOB TRAINING PROGRAM, IN PARTNERSHIP WITH THE INTERNATIONAL FACILITY MANAGEMENT ASSOCIATION FOUNDATION. THIRTY-SIX WOMEN PARTICIPATED IN THE FACILITY MANAGEMENT PROGRAM. WE PILOTED ENGLISH LANGUAGE AND DIGITAL SKILLS CLASSES, PREPARING WOMEN FOR OUR WORKFORCE DEVELOPMENT PROGRAMS. TWENTY-FOUR WOMEN PARTICIPATED IN OUR INAUGURAL ENGLISH LANGUAGE CLASS AND 14 MEMBERS PARTICIPATED IN OUR DIGITAL SKILLS PILOT. IN ADDITION, 45 MEMBERS PARTICIPATED IN INDIVIDUAL FINANCIAL COACHING SESSIONS, COVERING A WIDE RANGE OF TOPICS INCLUDING SAVINGS, BANKING, CREDIT, DEBT, AND BUDGETS.
HOT BREAD KITCHEN PROVIDED SERVICES AND PROGRAMS TO HELP MITIGATE THE ONGOING IMPACTS OF COVID-19 ON SMALL BUSINESSES. WE INVESTED IN SUPPLIER DIVERSITY OPPORTUNITIES THAT CONNECTED OUR SMALL BUSINESS MEMBERS TO A NETWORK OF BUYERS IN GROCERY, RETAIL, AND INSTITUTIONAL SETTINGS THAT ALTOGETHER CREATED MEANINGFUL SALES OPPORTUNITIES, GENERATING OVER $70,000 IN ADDITIONAL REVENUE FOR 13 BUSINESSES. WE ALSO CONTINUED TO OPERATE THE CHEF COLLECTIVE - A TRIPLE BOTTOM LINE SMALL BUSINESS EFFORT THAT ADDRESSED SMALL BUSINESS RECOVERY, HUNGER RELIEF AND FOOD WASTE. THE CHEF COLLECTIVE, MADE UP OF FOUR HOT BREAD KITCHEN CATERING BUSINESSES, PRODUCED 27,000 MEALS FOR DISTRIBUTION, GENERATING OVER $275,000 IN REVENUE FOR THE CHEFS. ADDITIONALLY, WE CONTINUED TO PROVIDE ONGOING EDUCATION FOR ASPIRING ENTREPRENEURS THROUGH OUR PREP FOR SUCCESS COURSE, IN WHICH 15 WOMEN PARTICIPATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Borok Interim Chief Operating Officer | 40 | $149,810 | |
Shaolee Sen To 92021 Chief Executive Officer | OfficerTrustee | 40 | $139,711 |
Cedric Jarrett Chief Financial Officer | Officer | 40 | $133,323 |
Karen Bornarth VP Of Industry Partnerships & Intiatives | 40 | $130,000 | |
Debora Kellogg Development Director | 40 | $115,000 | |
Mary A Mccaffrey Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $645,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,417,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,063,645 |
| Total Program Service Revenue | $3,500 |
| Investment income | $7,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $350,462 |
| Net Gain/Loss on Asset Sales | $619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,150,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,781 |
| Compensation of current officers, directors, key employees. | $117,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,819,892 |
| Pension plan accruals and contributions | $25,255 |
| Other employee benefits | $148,592 |
| Payroll taxes | $188,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,501 |
| Fees for services: Accounting | $25,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $798 |
| Fees for services: Other | $101,475 |
| Advertising and promotion | $0 |
| Office expenses | $126,233 |
| Information technology | $83,321 |
| Royalties | $0 |
| Occupancy | $307,971 |
| Travel | $11,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,203 |
| Insurance | $52,583 |
| All other expenses | $0 |
| Total functional expenses | $3,684,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,108 |
| Savings and temporary cash investments | $4,065,637 |
| Pledges and grants receivable | $4,327,325 |
| Accounts receivable, net | $3,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,167 |
| Net Land, buildings, and equipment | $26,192 |
| Investments—publicly traded securities | $161,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,321 |
| Total assets | $8,864,419 |
| Accounts payable and accrued expenses | $86,951 |
| 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 | $81,958 |
| Other liabilities | $10,949 |
| Total liabilities | $179,858 |
| Net assets without donor restrictions | $3,599,156 |
| Net assets with donor restrictions | $5,085,405 |
| 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 | $8,864,419 |
Grants Awarded
Over the last fiscal year, Hot Bread Kitchen Ltd has awarded $66,342 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE GREEN GOURMENTS PURPOSE: EMERGENCY MEALS | $54,042 |
PABADE BAKERY PURPOSE: EMERGENCY MEALS | $12,300 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Hot Bread Kitchen Ltd has recieved totaling $490,665.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $131,002 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $131,002 |
Maverick Capital Foundation Dallas, TX PURPOSE: HUNGER RELIEF | $75,000 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
Restaurant Workers Community Foundation Inc New York, NY PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $30,000 |
We See Beauty Foundation Melville, NY PURPOSE: PROGRAMS WHICH PROVIDE ECONOMIC OPPORTUNITIES FOR WOMEN. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Debt Resolution Inc Long Island City, NY | $56,504,785 | $17,143,600 |
Ten Thousand Villages Akron, PA | $14,547,846 | $9,360,200 |
Disability Allies Inc Woodbridge, NJ | $6,966,940 | $10,816,279 |
Center For Humanistic Change Of New Jersey Inc Stanhope, NJ | $11,543,417 | $9,855,582 |
Awakening Sanctuary Inc Burlington, VT | $7,357,011 | $5,820,072 |
Make The Road States Inc Brooklyn, NY | $7,408,251 | $7,425,065 |
Change Machine Brooklyn, NY | $5,832,796 | $6,179,294 |
Cumac Echo Inc Paterson, NJ | $2,528,208 | $5,734,886 |
Hot Bread Kitchen Ltd New York, NY | $8,864,419 | $5,150,030 |
Harmonia Collaborative Care Inc Derby, NY | $1,756,164 | $2,977,086 |
Support-Link Inc Queensbury, NY | $1,296,212 | $2,954,420 |
Kingston Self-Help Center Inc Dba Peoples Place Kingston, NY | $3,102,092 | $3,078,211 |