2024-05-15T11:37:05-05:00 2023-06-30 932001788 BRYMAR CPA LLP 17 ASPEN WAY WATSONVILLE CA 95076 990 2022-07-01 593838549 LA COCINA LACO 4159946908 2948 FOLSOM ST SAN FRANCISCO CA 94110 LAURA AMBROSENO CFO 4159946908 2024-05-14 1 LAURA AMBROSENO 999009999 0 MICHAEL J BRYANT P01568974 8312881720 2024-05-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAURA AMBROSENO 2948 FOLSOM ST SAN FRANCISCO CA 94110 7606754 0 X WWW.LACOCINASF.ORG X 2007 CA AFFORDABLE COMMERCIAL KITCHEN SPACE AND HANDS-ON TECHNICAL ASSISTANCE FOR LOW-INCOME AND IMMIGRANT ENTREPENEURS. 12 12 51 50 0 0 7283754 5632624 2202623 1827950 2172 10020 10074 136160 9498623 7606754 0 35000 0 0 2154378 3181677 0 0 656598 5771366 5132300 7925744 8348977 1572879 -742223 11848318 11212299 953979 1061000 10894339 10151299 AFFORDABLE COMMERCIAL KITCHEN SPACE AND HANDS-ON TECHNICAL ASSISTANCE FOR LOW-INCOME AND IMMIGRANT ENTREPENEURS. 0 0 6296297 35000 1827950 LA COCINA PROVIDES COMMERCIAL KITCHEN SPACE AND TECHNICAL ASSISTANCE TO LOW-INCOME ENTREPRENEURS WHO ARE LAUNCHING, 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. 6296297 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 51 1 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X LAURA AMBROSENO 4159946908 2948 FOLSOM ST SAN FRANCISCO CA 94110 SUZANNE CUTTS BOARD MEMBER (LEFT 7/2022) 6.00 X 0 0 0 LINDSAY HOWER BOARD CHAIR 5.00 X X 0 0 0 DANIEL LEE BOARD MEMBER 5.60 X 0 0 0 KATIE COLENDICH GOVERNANCE CHAIR 3.60 X X 0 0 0 ALINA HUA DEVELOPMENT/AUDIT CHAIR 3.60 X X 0 0 0 LAURA SAGUES BARR FINANCE CHAIR/TREASUER 3.60 X X 0 0 0 NUBIA SOLOMON BOARD MEMBER 1.40 X 0 0 0 HUONG NGUYEN-YAP BOARD MEMBER 1.40 X 0 0 0 KIM ALTER BOARD MEMBER 1.40 X 0 0 0 LINDA XU BOARD MEMBER 1.40 X 0 0 0 FERNAY MCPHERSON BOARD MEMBER 3.00 X 0 0 0 LETICIA LANDA EXECUTIVE DIRECTOR (START 6/23/2023) 40.00 X 189630 0 0 DILSA LUGO PROGRAM CHAIR 4.80 X 0 0 0 DEBORAH ALVAREZ-RODRIGUEZ EXECUTIVE DIRECTOR (LEFT 6/15/2023) 40.00 X 176144 0 0 365774 0 0 2 1 1 0 LAURA AMBROSENO 2948 FOLSOM STREET SAN FRANCISCO CA 94110 CFO CONSULTANT 121000 1 396407 5236217 97594 5632624 FOOD PROGRAM REVENUE 722514 1356907 1356907 PROGRAM RENTAL FEES 722514 335773 335773 PRGRAM EVENTS 722514 88531 88531 INCUBATOR CONSLUTING 722514 35322 35322 MEMBERSHIP DUES 900099 10775 10775 642 642 1827950 10020 10020 PROPERTY TAX RECEIVABL 900099 134037 134037 OTHER REVENUE 900099 2123 2123 136160 7606754 1827950 0 146180 35000 35000 365774 215702 89189 60883 2627656 1549564 640719 437373 188247 111012 45901 31334 42536 12616 29920 313260 8500 304760 278248 114087 90146 74015 30838 16153 11207 3478 135108 41858 54602 38648 92295 88518 3777 93856 64221 24960 4675 7401 7401 1444005 1427534 16471 31476 23661 7228 587 RETAIL COST OF SALES 1656606 1651334 5272 PROGRAM COST OF SALES 499047 499047 UTILITIES 176286 167813 8473 PROPERTY TAXES 139950 139950 191388 129727 61328 333 8348977 6296297 1396082 656598 4399245 5048192 1066467 941447 43399 32961 17624 27041 9060465 4093672 6315979 4966793 5604 195865 11848318 11212299 658317 629894 68060 43332 217602 170824 10000 216950 953979 1061000 X 9462876 7891788 1431463 2259511 10894339 10151299 11848318 11212299 -742223 -817 0 X 0 1 X 1 0 X 4193584 4901590 5925181 7283754 5643399 27947508 4193584 4901590 5925181 7283754 5643399 27947508 8527404 19420104 2335 10020 12355 41576 2096 91 43763 177548 38824 9770 136160 362302 28365928 6567801 0.68460 0.64730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 177,548. 2019 AMOUNT: $ 38,824. 2020 AMOUNT: $ 9,770. 2022 AMOUNT: $ 136,160. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 244591 244591 1210417 45900 1164517 6988151 3628050 3360101 505561 342489 163072 111745 77233 34512 4966793 SECURITY DEPOSIT PAYABLE 10000 ST LEASE LIABILITIES 27287 LT LEASE LIABILITIES 179663 216950 X 7806861 -817 200924 200107 7606754 0 7606754 8549901 200924 200924 8348977 0 8348977 PART X, LINE 2: THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS AND WILL RECOGNIZE A LOSS CONTINGENCY WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF JUNE 30, 2023 AND 2022 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT 0 MID-MARKET FOUNDATION 32 7TH STREET SAN FRANCISCO CA 94103 850892059 501C(3) 35000 0 FMV MID-MARKET/TENDERLOIN COMMUNITY BASED SAFETY PROGRAM 1 SCHEDULE I, PART II. LINE 1 GRANT FOR URBAN ALCHEMY/MM FOUNDATION AS GENERAL SUPPORT FOR THEIR COMMUNITY SERVICES PROGRAM IN THE TENDERLOIN. CHECK-INS ARE PERFORMED WITH URBAN ALCHEMY. X X X 0 0 0 0 0 0 0 0 0 LETICIA LANDA EXECUTIVE DIRECTOR (START 6/23/2023) 189630 0 0 0 0 0 0 0 0 0 189630 0 0 0 DEBORAH ALVAREZ-RODRIGUEZ EXECUTIVE DIRECTOR (LEFT 6/15/2023) 176144 0 0 0 0 0 0 0 0 0 176144 0 0 0 FERNAY MCPHERSON BOARD MEMBER 15601 CATERING COMPANY - MINNIE BELLS 0 DILSA LUGO BOARD MEMBER 51633 CATERING COMPANY - LOS CILANTROS 0 X RESTAURANT SUPPLIES 1 97594 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 CATERING SERVICES OF THE PROGRAM CHAIR AND A BOARD MEMBER WERE USED DURING THE YEAR TOTALING $51,633 AND $15,601, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE TAX ACCOUNTANT PREPARES THE 990 WHICH IS REVIEWED BY LA COCINA'S EXTERNAL ACCOUNTANT AND CFO. THE FINANCE COMMITTEE THEN REVIEWS AND APPROVES THE FINAL DRAFT AT WHICH TIME THE COMPLETED AND APPROVED 990 IS SENT TO THE FULL BOARD AND IS ALSO FILED BY THE TAX ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY THE BOARD, DIRECTORS, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO REVIEW AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, THEY ARE EACH REQUIRED TO BRING ANY POSSIBLE CONFLICTS TO THE BOARD'S ATTENTION PRIOR TO ENTERING INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 15A-COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DOES A COMPREHENSIVE REVIEW OF DIRECTOR LEVEL SALARIES FOR THE NON-PROFIT INDUSTRY, TARGETING ORGANIZATIONS OF SIMILAR SIZE AND/OR SIMILAR BUSINESS AND PROJECTIONS FOR WHETHER THERE NEEDS TO BE STRUCTURAL SHIFT IN SALARIES. 15B-COMPENSATION PROCESS FOR OFFICERS THE EXECUTIVE DIRECTOR'S PERFORMANCE IS REVIEWED(SEPARATELY FROM THE COMPENSATION SURVEY) VIA A BOARD/SELECTED STAFF SURVEY. THE DEPUTY DIRECTOR'S INCOME IS PROPOSED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.