2023-11-14T10:37:00-06:00 2022-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2022-01-01 263332972 HOT BREAD KITCHEN LTD HOTB 2125409070 CHELSEA MARKET 75 NINTH AVENUE 06 NEW YORK NY 10011 CEDRIC JARRETT CHIEF FINANCIAL OFFICER 3476378374 2023-11-13 1 CEDRIC JARRETT XXX-XX-XXXX 0 JENNIFER COATES P02247728 2126972299 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LESLIE ABBEY CHELSEA MARKET 75 NINTH AVENUE 0610 NEW YORK NY 10011 2805342 0 X WWW.HOTBREADKITCHEN.ORG X 2008 NY 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. 20 20 54 200 21914 0 5063645 2697831 3500 0 8257 7157 74628 35800 5150030 2740788 748 1001 0 0 2459177 2908567 0 35000 548699 1224869 1092394 3684794 4036962 1465236 -1296174 8864419 9001470 179858 194888 8684561 8806582 X 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. 0 0 2650436 1001 3267 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. 275165 10619 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. 2925601 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48 0 54 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 2125409070 75 NINTH AVENUE SUITE 0610 NEW YORK NY 10011 ANTONIA BOWRING DIRECTOR 1.00 X 0 0 0 DEBORAH BRONSTON-CULP DIRECTOR 1.00 X 0 0 0 DANA COWIN DIRECTOR 1.00 X 0 0 0 ANAMITA GUHA DIRECTOR 1.00 X 0 0 0 TRACY JOSHUA DIRECTOR 1.00 X 0 0 0 AMIR KIRKWOOD DIRECTOR 1.00 X 0 0 0 BEN LEVENTAL DIRECTOR 1.00 X 0 0 0 CAROL LEWIS DIRECTOR 1.00 X 0 0 0 MARY MCCAFFREY VICE-CHAIR 1.00 X X 0 0 0 SANDRA NUDELMAN DIRECTOR 1.00 X 0 0 0 INGRID RAMSUSSEN 1222 SECRETARY 1.00 X X 0 0 0 MATTHEW REICH DIRECTOR 1.00 X 0 0 0 MARGARITA SAWHNEY DIRECTOR 1.00 X 0 0 0 SHAOLEE SEN DIRECTOR 1.00 X 0 0 0 GAIL SIMMONS DIRECTOR 1.00 X 0 0 0 EMILY SUSSKIND VICE-CHAIR 1.00 X X 0 0 0 DIANA TAYLOR CHAIR 1.00 X X 0 0 0 CHAERI TORNAY DIRECTOR 1.00 X 0 0 0 COURTNEY WILLIS DIRECTOR 1.00 X 0 0 0 JAFFER ZAIDI DIRECTOR 1.00 X 0 0 0 FRED SCHONENBURG DIRECTOR 1.00 X 0 0 0 LESLIE ABBEY CHIEF EXCUTIVE OFFICER 40.00 X 196808 0 20075 CEDRIC JARRETT CHIEF FINANCE OFFICER 40.00 X 142980 0 2756 KRISTINE BOROK CHIEF OPERATING OFFICER 40.00 X 169577 0 0 CATHERINE KIM CHIEF PROGRAM OFFICER 40.00 X 142980 0 1408 KATHERINE PEABODY VICE PRESIDENT OF PROGRAMS 40.00 X 103831 0 10176 756176 0 34415 5 0 1 0 0 258867 198159 2240805 2697831 7910 7910 32533 0 32533 32533 10619 21914 26341 27094 -753 -753 -753 37460 258867 37460 0 2330 0 2330 2330 MISCELLANEOUS INCOME 900099 937 937 937 2740788 13886 21914 7157 1001 1001 561261 322055 169424 69782 1917577 1530839 173181 213557 20715 16778 1697 2240 163240 127593 20198 15449 245774 184346 33643 27785 1192 1192 1850 370 1480 26500 26500 35000 35000 226823 23000 75833 127990 18597 3056 15541 86095 64577 11785 9733 124423 93325 17032 14066 141869 136193 2838 2838 16686 5530 11156 9233 8310 923 848 636 116 96 38231 28676 5233 4322 44869 33655 6142 5072 MEMBERSHIP TRAINING EXP 317099 317099 STAFF DEVELOPMENT 23217 17414 3178 2625 COMMUNICATIONS 14862 11148 2034 1680 4036962 2925601 562662 548699 224108 774203 4065637 3426612 4327325 4099656 3000 9430 41167 62301 616520 198786 26192 417734 161669 200256 15321 11278 8864419 9001470 86951 182482 7000 81958 0 10949 5406 179858 194888 X 3599156 4162350 5085405 4644232 8684561 8806582 8864419 9001470 -1296174 -25450 1443645 0 X 0 1 X 1 0 X 3024352 3293387 6997819 5063645 2697831 21077034 3024352 3293387 6997819 5063645 2697831 21077034 3465257 17611777 503 1131 2778 7638 7910 19960 1296 3407 1705 1890 937 9235 21106229 0.83440 0.83590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 280956 21612 259344 192041 54677 137364 143523 122497 21026 417734 OPERATING LEASE RIGHT-OF-USE LIABILITY 5406 5406 5377472 -25450 2663326 2637876 2739596 1192 1192 2740788 5255451 1219681 1219681 4035770 1192 1192 4036962 X X X X X X X 1 ELISE NEWMAN EVENTS 495 WEST END AVE SUITE 41 NEW YORK NY 10024 PROFESSIONAL FUNDRAISING SERVICES 0 0 35000 0 35000 NY PROOF BENEFIT EVENT 296327 258867 37460 37460 296327 258867 37460 37460 37460 0 X X X X 0 0 0 0 0 0 0 0 0 LESLIE ABBEY CHIEF EXCUTIVE OFFICER 196808 0 0 0 0 0 0 0 0 0 196808 0 0 0 KRISTINE BOROK CHIEF OPERATING OFFICER 154577 0 15000 0 0 0 0 0 0 0 169577 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, EXECUTIVE DIRECTOR, TREASURER, AUDIT AND FINANCE COMMITTEE OF THE BOARD, AND FINANCE DIRECTOR. FOLLOWING THAT REVIEW, IT IS THEN SUBMITTED TO THE BOARD FOR REVIEW. IF THE BOARD MEMBERS HAVE COMMENTS, THEY ARE INCORPORATED INTO THE FINAL REVISION BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONTAINED IN ARTICLE 6 OF THE ORGANIZATION'S BY-LAWS. ALL DIRECTORS ARE REQUIRED TO SIGN DISCLOSURE STATEMENTS ANNUALLY TO AFFIRM THEY HAVE RECEIVED A COPY OF THE POLICY AND AGREE TO COMPLY WITH THE POLICY. NO DIRECTOR MAY VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. DIRECTORS WHO DISCLOSE A CONFLICT OF INTEREST WILL NOT PARTICIPATE IN DISCUSSIONS ON RELATED TRANSACTIONS. THE BOARD HAS THE RIGHT TO USE COMPARABILITY DATA ON DECISIONS WHERE INTERESTED PARTIES ARE AFFECTED. FORM 990, PART VI, SECTION B, LINE 15 THE COMMITTEE REVIEWS COMPENSATION IN JANUARY OF EACH YEAR, AND CONSIDERS INFORMATION FROM COMPARABLE ORGANIZATIONS IN MAKING COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DID NOT MAKE THESE DOCUMENTS PUBLICLY AVAILABLE DURING 2022.