La Cocina Inc
- Assets
- $11.8m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 50
- Location
- San Francisco, CA
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 59-3838549
Organization Overview
La Cocina Inc is located in San Francisco, CA. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, LA Cocina Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Cocina Inc 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 06/2022, LA Cocina Inc generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 19.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE COMMERCIAL KITCHEN SPACE AND HANDS-ON TECHNICAL ASSISTANCE FOR LOW-INCOME AND IMMIGRANT ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA COCINA PROVIDES COMMERCIAL KITCHEN SPACE AND TECHNICAL ASSISTANCE TO LOW-INCOME ENTREPRENEURS WHO ARE LAUCHING, GROWING, AND FORMALIZING FOOD BUSINESSES. WE PROVIDE ACCESS TO MARKET OPPORTUNITIES THROUGH CATERING, RETAIL PRODUCT SALES, AND A FOOD HALL TO OUR CLIENTS TO FURTHER BUSINESS SKILLS, DEVELOP A CUSTOMER BASE, GENERATE FAMILY INCOME, AND SUPPORT COMMUNITY VIBRANCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Alter Board Member | Trustee | 2 | $0 |
Laura Sagues Barr Finance Chair | OfficerTrustee | 3 | $0 |
Katie Colendich Governance Chair | OfficerTrustee | 3 | $0 |
Suzanne Cutts Board Member | Trustee | 2 | $0 |
Lindsay Hower Board Chair | OfficerTrustee | 2 | $0 |
Alina Hua Audit Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bcci Construction Company Construction | 6/29/20 | $2,711,585 |
Lmnop Design Inc Design/construction | 6/29/20 | $199,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,020 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $691,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,580,840 |
| Noncash contributions included in lines 1a–1f | $1,946,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,283,754 |
| Total Program Service Revenue | $2,202,623 |
| Investment income | $2,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,498,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,302 |
| Compensation of current officers, directors, key employees. | $23,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,032,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $162,638 |
| Fees for services: Accounting | $333,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,580 |
| Advertising and promotion | $0 |
| Office expenses | $34,798 |
| Information technology | $84,539 |
| Royalties | $0 |
| Occupancy | $136,919 |
| Travel | $88,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,357,546 |
| Insurance | $41,643 |
| All other expenses | $157,668 |
| Total functional expenses | $7,925,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,399,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,066,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,399 |
| Prepaid expenses and deferred charges | $17,624 |
| Net Land, buildings, and equipment | $6,315,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,604 |
| Total assets | $11,848,318 |
| Accounts payable and accrued expenses | $658,317 |
| Grants payable | $0 |
| Deferred revenue | $68,060 |
| 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 | $217,602 |
| Other liabilities | $10,000 |
| Total liabilities | $953,979 |
| Net assets without donor restrictions | $9,462,876 |
| Net assets with donor restrictions | $1,431,463 |
| 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 | $11,848,318 |