2024-08-09T09:53:54-05:00 2023-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-01-01 813651292 EMMA'S TORCH LTD EMMA 2404416326 345 SMITH STREET BROOKLYN NY 11231 KERRY BRODIE EXECUTIVE DIRECTOR 2404416326 2024-08-07 1 0 STEPHEN MACKALL P03122714 4105840060 2023 2024-08-08 14:25:15Z KERRY BRODIE 345 SMITH STREET BROOKLYN NY 11231 3359328 0 X WWW.EMMASTORCH.ORG X 2016 NY TO ALLEVIATE UNEMPLOYMENT AND POVERTY AFFECTING INDIVIDUALS' REFUGEES, ASYLEES, AND VICTIMS OF HUMAN TRAFFICKING BY PREPARING THEM FOR SKILLED EMPLOYE IN THE CULINARY FIELD. 13 13 206 5 0 0 4310624 2317658 760912 974339 0 56678 11396 10653 5082932 3359328 0 0 0 0 1610499 2558150 0 0 90628 1091782 1691064 2702281 4249214 2380651 -889886 7292413 6238805 1507256 1332933 5785157 4905872 TO ALLEVIATE UNEMPLOYMENT AND POVERTY AFFECTING INDIVIDUALS' REFUGEES, ASYLEES, AND VICTIMS OF HUMAN TRAFFICKING BY PREPARING THEM FOR SKILLED EMPLOYE IN THE CULINARY FIELD. 0 0 3934006 2988762 FOSTERING EMPLOYMENT OF THE NEEDY IN THE CULINARY FIELD. 3934006 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 206 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X KERRY BRODIE 2404416326 345 SMITH STREET BROOKLYN NY 11231 AARON KAPLOWITZ BOARD MEMBER 2.00 X 0 0 0 DINO LAVORINI BOARD MEMBER 2.00 X 0 0 0 HILARY BRANDENBURG BOARD MEMBER 2.00 X 0 0 0 IRENE HAMBURGER BOARD MEMBER 2.00 X 0 0 0 JULIE CHANG BOARD MEMBER 2.00 X 0 0 0 MELISSA GLASS BOARD CHAIR 5.00 X X 0 0 0 MICHELLE JEWETT BOARD TREASURER 2.00 X X 0 0 0 RICHARD FIELDS BOARD MEMBER 2.00 X 0 0 0 SAARA HAFEEZ BOARD MEMBER 2.00 X 0 0 0 SARAH ROSEN BOARD SECRETARY 2.00 X X 0 0 0 ABE MONZON BOARD MEMBER 2.00 X 0 0 0 ROHAM USMANI BOARD MEMBER 2.00 X 0 0 0 KERRY BRODIE EXECUTIVE DIRECTOR 40.00 X 109876 0 0 ALEXANDER HARRIS EXECUTIVE CULINARY DIRECTOR 40.00 X 109793 0 0 219669 0 0 2 0 0 0 0 439619 1878039 328365 2317658 PROGRAM SERVICE REVENU 621110 974339 974339 974339 56678 56678 OTHER INCOME 900099 10653 10653 10653 3359328 984992 0 56678 2185396 2106698 41443 37255 372754 352722 14359 5673 98406 98157 224 25 87959 20740 67219 240848 126426 75636 38786 8356 5413 132 2811 60255 59482 627 146 354297 354051 158 88 40098 38683 907 508 16848 16848 65120 62061 1961 1098 31733 27319 3931 483 COST OF GOODS SOLD 381167 381167 REPAIRS AND MAINTAINENC 196876 196859 11 6 ALL OTHER EXPENSES 109101 104228 1124 3749 4249214 3934006 224580 90628 3100602 1178700 2721576 1374527 20158 28833 12463 17203 384606 177668 144429 206938 456167 2735919 837018 696685 7292413 6238805 181334 191012 30000 0 473561 462115 822361 679806 1507256 1332933 X 1373794 1589819 4411363 3316053 5785157 4905872 7292413 6238805 -889886 0 X 0 1 X 1 0 X 846135 1029306 4080141 4310624 2317658 12583864 846135 1029306 4080141 4310624 2317658 12583864 12583864 56678 56678 12640542 0.99550 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49260 41169 8091 171328 49453 121875 164018 87046 76972 206938 SECURITY DEPOSIT 39883 RIGHT OF USE ASSETS 656802 696685 LEASE LIABILITIES 679806 679806 X 2978161 -381167 -381167 3359328 0 3359328 3868047 -381167 -381167 4249214 0 4249214 PART X, LINE 2: O THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC. THE ORGANIZATION IS ALSO EXEMPT UNDER N.Y. TAX LAW SECTION 1116: EXEMPT ORGANIZATIONS. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. ANNUALLY, THE ORGANIZATION MAINTAINS THAT INCOME DERIVED FROM ITS RESTAURANT OPERATIONS IS A RELATED BUSINESS ACTIVITY THAT IS CONDUCTED WITHOUT THE INTENT TO MAKE A PROFIT. PROFITS, IF ANY, ARE DEDICATED TO THE FURTHERANCE OF THE PURPOSE FOR WHICH THE ORGANIZATION WAS ORGANIZED AND OPERATED AS SPECIFIED IN ITS ARTICLES OF INCORPORATION. ACCORDINGLY, MANAGEMENT HAS DETERMINED THAT AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS AND IS NOT AN UNRELATED TRADE OR BUSINESS WITHIN THE MEANING OF SECTION 513 OF THE IRC. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES X 15025 FMV X 1 48049 FMV X 11 16734 FMV X SERVICES 5 97988 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE BROUGHT TO THE BOARD'S ATTENTION BEFORE THEY OCCUR, RESOLUTION IS DISCUSSED AND TRANSACTIONS ARE LIMITED OR MONITORED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES ANY CHANGES TO THE EXECUTIVE DIRECTOR'S SALARY. NO BOARD MEMBER IS COMPENSATED FOR THEIR ROLE ON THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.