Civic Intelligence

Hot Bread Kitchen Ltd.

990 • Fiscal year 2019 • EIN 26-3332972

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.HOTBREADKITCHEN.ORG
1590 Park AvenueNew York, NY 10029

(212) 369-3331

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.14x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.10x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Net Margin

18th percentile

-7.1%

Higher net margin than 18% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$196,200

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2019 filings • NTEE P • $1M-$5M nonprofits • Source year 2019

Asset Growth

12th percentile

-13%

Faster asset growth than 12% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-22%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$2,944,645

Down $433,318 (-13%) from 2018

Net Assets

Down

$2,530,349

Down $305,313 (-11%) from 2018

Liabilities

Down

$414,296

Down $128,005 (-24%) from 2018

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin18th percentile

Revenue

Down

$4,314,120

Down $1,191,041 (-22%) from 2018

Expenses

Down

$4,619,433

Down $726,639 (-14%) from 2018

Net Income

Down

-$305,313

Down $464,402 (-292%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2014: $1,228,783Liabilities 2014: $319,005Net Assets 2014: $909,7782014Assets 2015: $2,310,483Liabilities 2015: $592,414Net Assets 2015: $1,718,0692015Assets 2016: $2,380,359Liabilities 2016: $572,887Net Assets 2016: $1,807,4722016Assets 2017: $3,186,365Liabilities 2017: $509,792Net Assets 2017: $2,676,5732017Assets 2018: $3,377,963Liabilities 2018: $542,301Net Assets 2018: $2,835,6622018Assets 2019: $2,944,645Liabilities 2019: $414,296Net Assets 2019: $2,530,3492019Assets 2020: $6,477,369Liabilities 2020: $994,629Net Assets 2020: $5,482,7402020Assets 2021: $8,864,419Liabilities 2021: $179,858Net Assets 2021: $8,684,5612021Assets 2022: $9,001,470Liabilities 2022: $194,888Net Assets 2022: $8,806,5822022Assets 2023: $13,018,041Liabilities 2023: $317,314Net Assets 2023: $12,700,7272023Assets 2024: $13,131,415Liabilities 2024: $262,435Net Assets 2024: $12,868,9802024

Highlighted filing

2019

Assets$2,944,645
Liabilities$414,296
Net Assets$2,530,349
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2014: $3,081,024Expenses 2014: $2,906,229Net Income 2014: $174,7952014Revenue 2015: $4,577,883Expenses 2015: $3,769,592Net Income 2015: $808,2912015Revenue 2016: $4,253,712Expenses 2016: $4,164,309Net Income 2016: $89,4032016Revenue 2017: $5,250,509Expenses 2017: $4,381,408Net Income 2017: $869,1012017Revenue 2018: $5,505,161Expenses 2018: $5,346,072Net Income 2018: $159,0892018Revenue 2019: $4,314,120Expenses 2019: $4,619,433Net Income 2019: -$305,3132019Revenue 2020: $7,305,391Expenses 2020: $4,353,000Net Income 2020: $2,952,3912020Revenue 2021: $5,150,030Expenses 2021: $3,684,794Net Income 2021: $1,465,2362021Revenue 2022: $2,740,788Expenses 2022: $4,036,962Net Income 2022: -$1,296,1742022Revenue 2023: $11,268,897Expenses 2023: $7,417,565Net Income 2023: $3,851,3322023Revenue 2024: $8,449,424Expenses 2024: $8,228,846Net Income 2024: $220,5782024

Highlighted filing

2019

Revenue$4,314,120
Expenses$4,619,433
Net Income-$305,313
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$4,628,426
Mission and Program Overview

Mission

Hot bread kitchen creates economic opportunities for immigrant women and women of color through food entrepreneurship, job skills training and an ecosystem of support in nyc.

To develop job skills for immigrant women through workforce and micro-enterprise development to help them enter the workforce thus improving their prospects and those of their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$200,120$1,282,822▲ $1,082,702
Cash and Non-Interest-Bearing Accounts$1,159,618$836,602▼ $323,016
Pledges and Grants Receivable$1,248,245$313,650▼ $934,595
Land, Buildings, and Equipment, Net$347,056$293,310▼ $53,746
Accounts Receivable$341,142$100,109▼ $241,033
Inventories for Sale or Use$32,665$20,237▼ $12,428
Prepaid Expenses and Deferred Charges$31,670$20,113▼ $11,557
Total Assets$3,377,963$2,944,645▼ $433,318
Other Assets Total$17,447$77,802▲ $60,355
Liabilities
Unsecured Notes Loans Payable$250,124$207,688▼ $42,436
Accounts Payable and Accrued Expenses$244,038$180,886▼ $63,152
Other Liabilities$41,420$24,118▼ $17,302
Deferred Revenue$6,719$1,604▼ $5,115
Total Liabilities$542,301$414,296▼ $128,005
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,359,358$1,292,237▼ $1,067,121
Net Assets Without Donor Restrictions$476,304$1,238,112▲ $761,808
Total Net Assets Fund Balance$2,835,662$2,530,349▼ $305,313
Total Liabilities and Net Assets / Fund Balance$3,377,963$2,944,645▼ $433,318

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$199,728$323,587$523,315
Leasehold Improvements$76,048$182,194$258,242
Other Land Buildings$17,534$100,988$118,522
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shaolee SenChief Executive OfficerFT$185,000$11,200$196,200
Karen BornarthHead of TrainingFT$119,231$3,936$123,167
Debora KelloggDevelopment DirectorFT$106,154$11,801$117,955
Cedric JarrettChief Financial OfficerFT$115,192$1,506$116,698
Johnson AsamoahHead of Small BusinessFT$116,003-$116,003

Board Members and Trustees

NameTitle
Diana TaylorChair
Emily SusskindVice-chair
Mary a MccaffreyVice-chair
Amir KirkwoodDirector
Antonia BowringDirector
Becky BowlerDirector
Ben LeventhalDirector
Chaeri TornayDirector
Dana CowinDirector
Gail SimmonsDirector
Geoff AllenDirector
Jaffer ZaidiDirector
Matthew ReichDirector
Sandra NudelmanDirector
Stacey RauchDirector
Ingrid RasmussenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,293,387
Program Service Revenue
$41,132
Investment Income
$1,131
Other Revenue
$978,470
All Other Contributions
$2,364,153
Change in Net Assets
$-305,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,314,120
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$130,995
Total Revenue per Audited Statements
$4,445,115
Total Revenue per Form 990
$4,314,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,967,853
Other Expenses$1,606,580
Total Fundraising Expense$623,653
Professional Fundraising Fees$35,000
Grants and Similar Amounts Paid$10,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,710,172$262,416$275,163$2,247,751
Occupancy$305,078$12,128$37,553$354,759
Current Officers, Directors, Trustees, and Key Employees$142,919$123,044$46,935$312,898
Fees for Services Other$215,422$3,337$72,535$291,294
Payroll Taxes$159,668$33,130$27,735$220,533
Other Employee Benefits$117,918$23,509$20,270$161,697
Information Technology$100,020$20,753$17,374$138,147
Depreciation Depletion$77,414$16,063$13,447$106,924
Office Expenses$67,743$14,056$11,766$93,565
Insurance$51,359$10,657$8,921$70,937
Conferences and Meetings$37,005-$4,112$41,117
Other Expenses$30,569$83$9,832$40,484
Fees for Services Professional Fundraising--$35,000$35,000
All Other Expenses--$34,056$34,056
Travel$13,366$15,780-$29,146
Fees for Services Accounting-$26,585-$26,585
Pension Plan Contributions$18,081$3,752$3,141$24,974
Interest$11,844$2,457$2,057$16,358
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Legal$109$440-$549
Total Functional Expenses$3,347,684$648,096$623,653$4,619,433

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,750,428
Expenses per Audited Statements$4,619,433
Total Expenses per Form 990$4,619,433
Expenses Not Reported on Form 990$130,995
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Empire State DevelopmentNew York, NY-Sponsorship for Annual Conference$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$64,467
Fundraising Gross Income$64,467
Professional Fundraising Fees$35,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
10th Anniversary Event$655,464$64,467$17,360$47,107
Total Events$655,464$64,467$64,467$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$22,518
Security Deposit Payable$1,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 compensation committee agreed and voted in favor of an increase in salary for the chief executive officer. The committee reviews this in january of each year, and considered information from comparable organizations in making compensation decisions. The ceo is recused from the conversation.”

Form 990, Part VI, Section C, Line 19

“The organization did not make these documents publicly available during 2019.”

Filing and Contact Details

Filer

Filer Name
Hot Bread Kitchen Ltd
EIN
26-3332972
Phone
2123693331
Address
1590 PARK AVENUE, NEW YORK, NY 10029

Signing Officer

Name
Shaolee Sen
Title
Chief Executive Officer
Phone
2123693331
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaolee Sen
Formed
2008
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
79
Volunteers
75

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Jennifer Coates
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Hbk ceased its internal bakery operations during 2019.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16195000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17115192
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18116003
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19119231
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20106154
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18HEAD OF SMALL BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt19HEAD OF TRAINING
IRS990/Form990PartVIISectionAGrp/TitleTxt20DEVELOPMENT DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0590997
IRS990/FundraisingDirectExpensesAmt064467
IRS990/FundraisingGrossIncomeAmt064467
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0338237
IRS990/GrantAmt010000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04628426
IRS990/GrossRentsGrp/RealAmt0413483
IRS990/GrossSalesOfInventoryAmt0811419
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt017374
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt020753
IRS990/InformationTechnologyGrp/ProgramServicesAmt0100020
IRS990/InformationTechnologyGrp/TotalAmt0138147
IRS990/InsuranceGrp/FundraisingAmt08921
IRS990/InsuranceGrp/ManagementAndGeneralAmt010657
IRS990/InsuranceGrp/ProgramServicesAmt051359
IRS990/InsuranceGrp/TotalAmt070937
IRS990/InterestGrp/FundraisingAmt02057
IRS990/InterestGrp/ManagementAndGeneralAmt02457
IRS990/InterestGrp/ProgramServicesAmt011844
IRS990/InterestGrp/TotalAmt016358
IRS990/InventoriesForSaleOrUseGrp/BOYAmt032665
IRS990/InventoriesForSaleOrUseGrp/EOYAmt020237
IRS990/InvestmentIncomeGrp/ExclusionAmt01131
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01131
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt069
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0606769
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0347056
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0293310
IRS990/LandBldgEquipCostOrOtherBssAmt0900079
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HOT BREAD KITCHEN ("HBK") CREATES ECONOMIC OPPORTUNITY THROUGH CAREERS IN FOOD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02835662
IRS990/NetAssetsOrFundBalancesEOYAmt02530349
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0561580
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0561580
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0409095
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0413483
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt04388
IRS990/NetUnrelatedBusTxblIncmAmt0-4322
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0476304
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01238112
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt037553
IRS990/OccupancyGrp/ManagementAndGeneralAmt012128
IRS990/OccupancyGrp/ProgramServicesAmt0305078
IRS990/OccupancyGrp/TotalAmt0354759
IRS990/OfficeExpensesGrp/FundraisingAmt011766
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014056
IRS990/OfficeExpensesGrp/ProgramServicesAmt067743
IRS990/OfficeExpensesGrp/TotalAmt093565
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017447
IRS990/OtherAssetsTotalGrp/EOYAmt077802
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt020270
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023509
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0117918
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161697
IRS990/OtherExpensesGrp/Desc0PRODUCTION EXPENSES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3SELLING EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt03756
IRS990/OtherExpensesGrp/FundraisingAmt19832
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04487
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt175419
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt283
IRS990/OtherExpensesGrp/ProgramServicesAmt0197948
IRS990/OtherExpensesGrp/ProgramServicesAmt181049
IRS990/OtherExpensesGrp/ProgramServicesAmt230569
IRS990/OtherExpensesGrp/TotalAmt0197948
IRS990/OtherExpensesGrp/TotalAmt189292
IRS990/OtherExpensesGrp/TotalAmt275419
IRS990/OtherExpensesGrp/TotalAmt340484
IRS990/OtherLiabilitiesGrp/BOYAmt041420
IRS990/OtherLiabilitiesGrp/EOYAmt024118
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03377
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03407
IRS990/OtherRevenueTotalAmt03407
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0275163
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0262416
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01710172
IRS990/OtherSalariesAndWagesGrp/TotalAmt02247751
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt027735
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033130
IRS990/PayrollTaxesGrp/ProgramServicesAmt0159668
IRS990/PayrollTaxesGrp/TotalAmt0220533
IRS990/PensionPlanContributionsGrp/FundraisingAmt03141
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03752
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018081
IRS990/PensionPlanContributionsGrp/TotalAmt024974
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01248245
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0313650
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031670
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020113
IRS990/PrincipalOfficerNm0SHAOLEE SEN
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EVENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1INCUBATOR MEMBERSHIP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025517
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115615
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2019, HBK INCUBATES FIELDED 234 INQUIRIES FROM FOOD ENTREPRENEURS, OF WHICH 25 BUSINESSES APPLIED FOR MEMBERSHIP. A TOTAL OF 13 BUSINESSES WERE ACCEPTED AND 13 STARTED PRODUCING IN OUR COMMERCIAL KITCHENS. FOR THE PERIOD, HBK INCUBATES SERVED 75 SMALL FOOD BUSINESSES DURING 2019 AND GRADUATED 3 MEMBERS FROM THE PROGRAM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0884030
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0424710
IRS990/ProhibitedTaxShelterTransInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,944,645
Liabilities
$414,296
Net assets
$2,530,349
Revenue
$4,314,120
Expenses
$4,619,433
Net income
-$305,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.1$0.26$12.9$8.45$8.23$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$0.32$12.7$11.3$7.42$3.85
2022Detailed filing. Detailed filing data is available for this year.$9.00$0.19$8.81$2.74$4.04$1.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.86$0.18$8.68$5.15$3.68$1.47
2020Detailed filing. Detailed filing data is available for this year.$6.48$0.99$5.48$7.31$4.35$2.95
2019Detailed filing. Detailed filing data is available for this year.$2.94$0.41$2.53$4.31$4.62$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.38$0.54$2.84$5.51$5.35$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.51$2.68$5.25$4.38$0.87
2016Detailed filing. Detailed filing data is available for this year.$2.38$0.57$1.81$4.25$4.16$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.59$1.72$4.58$3.77$0.81
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.32$0.91$3.08$2.91$0.17