Emmas Torch Ltd
- Assets
- $6.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 206
- Location
- Brooklyn, NY
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-3651292
Organization Overview
Emmas Torch Ltd is located in Brooklyn, NY. The organization was established in 2017. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Emmas Torch Ltd employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emmas Torch 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 12/2023, Emmas Torch Ltd generated $3.4m in total revenue. All expenses for the organization totaled $4.2m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLEVIATE UNEMPLOYMENT AND POVERTY AFFECTING INDIVIDUALS' REFUGEES, ASYLEES, AND VICTIMS OF HUMAN TRAFFICKING BY PREPARING THEM FOR SKILLED EMPLOYE IN THE CULINARY FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERING EMPLOYMENT OF THE NEEDY IN THE CULINARY FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Kaplowitz Board Member | Trustee | 2 | $0 |
Dino Lavorini Board Member | Trustee | 2 | $0 |
Hilary Brandenburg Board Member | Trustee | 2 | $0 |
Irene Hamburger Board Member | Trustee | 2 | $0 |
Julie Chang Board Member | Trustee | 2 | $0 |
Melissa Glass Board Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $439,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,878,039 |
| Noncash contributions included in lines 1a–1f | $328,365 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,317,658 |
| Total Program Service Revenue | $974,339 |
| Investment income | $56,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,359,328 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,185,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $372,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,406 |
| Fees for services: Accounting | $87,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,848 |
| Advertising and promotion | $8,356 |
| Office expenses | $60,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $354,297 |
| Travel | $40,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,120 |
| Insurance | $31,733 |
| All other expenses | $0 |
| Total functional expenses | $4,249,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,178,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,374,527 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,833 |
| Prepaid expenses and deferred charges | $17,203 |
| Net Land, buildings, and equipment | $206,938 |
| Investments—publicly traded securities | $2,735,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $696,685 |
| Total assets | $6,238,805 |
| Accounts payable and accrued expenses | $191,012 |
| 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 | $462,115 |
| Other liabilities | $679,806 |
| Total liabilities | $1,332,933 |
| Net assets without donor restrictions | $1,589,819 |
| Net assets with donor restrictions | $3,316,053 |
| 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 | $6,238,805 |