Civic Intelligence

La Cocina VA

990 • Fiscal year 2017 • EIN 46-2037695

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 30, 2018

1500 N Glebe RdArlington, VA 22207

(202) 316-5614

Siviq Scores

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

Liabilities / Assets

86th percentile

0.33x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

60th percentile

8.1%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$97,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

97th percentile

309%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

57%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$91,225

Up $68,934 (+309%) from 2016

Net Assets

Up

$60,745

Up $44,257 (+268%) from 2016

Liabilities

Up

$30,480

Up $24,677 (+425%) from 2016

Revenue

Up

$376,783

Up $137,520 (+57%) from 2016

Expenses

Up

$346,374

Up $115,153 (+50%) from 2016

Net Income

Up

$30,409

Up $22,367 (+278%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $14,173Liabilities 2015: $5,728Net Assets 2015: $8,4452015Assets 2016: $22,291Liabilities 2016: $5,803Net Assets 2016: $16,4882016Assets 2017: $91,225Liabilities 2017: $30,480Net Assets 2017: $60,7452017Assets 2018: $1,185,146Liabilities 2018: $5,281Net Assets 2018: $1,179,8652018Assets 2019: $1,623,241Liabilities 2019: $0Net Assets 2019: $1,623,2412019Assets 2020: $2,534,687Liabilities 2020: $986,888Net Assets 2020: $1,547,7992020Assets 2021: $4,029,541Liabilities 2021: $1,775,257Net Assets 2021: $2,254,2842021Assets 2022: $3,418,422Liabilities 2022: $1,723,316Net Assets 2022: $1,695,1062022Assets 2023: $2,658,246Liabilities 2023: $1,499,401Net Assets 2023: $1,158,8452023Assets 2024: $2,177,315Liabilities 2024: $1,182,692Net Assets 2024: $994,6232024

Highlighted filing

2017

Assets$91,225
Liabilities$30,480
Net Assets$60,745

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $162,110Expenses 2015: $161,969Net Income 2015: $1412015Revenue 2016: $239,263Expenses 2016: $231,221Net Income 2016: $8,0422016Revenue 2017: $376,783Expenses 2017: $346,374Net Income 2017: $30,4092017Revenue 2018: $1,649,282Expenses 2018: $530,479Net Income 2018: $1,118,8032018Revenue 2019: $1,144,774Expenses 2019: $701,396Net Income 2019: $443,3782019Revenue 2020: $933,555Expenses 2020: $1,075,805Net Income 2020: -$142,2502020Revenue 2021: $2,037,366Expenses 2021: $1,343,715Net Income 2021: $693,6512021Revenue 2022: $987,165Expenses 2022: $1,546,343Net Income 2022: -$559,1782022Revenue 2023: $1,374,362Expenses 2023: $1,910,623Net Income 2023: -$536,2612023Revenue 2024: $1,665,656Expenses 2024: $1,829,878Net Income 2024: -$164,2222024

Highlighted filing

2017

Revenue$376,783
Expenses$346,374
Net Income$30,409
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 30, 2018
Return Version
2017v2.2
Gross Receipts
$376,783
Mission and Program Overview

Mission

To use food as an agent of social & economic change to generate workforce & economic development in minority communities through culinary arts & job readiness training, vocational english instruction, life skills development, job placement, & culinary & food safety certifications

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$15,000$59,500▲ $44,500
Cash and Non-Interest-Bearing Accounts$18,903$26,574▲ $7,671
Loans From Officers Directors$5,803$5,803→ $0
Land, Buildings, and Equipment, Net$2,236$3,534▲ $1,298
Other Notes and Loans Receivable, Net-$1,617-
Total Assets$36,139$91,225▲ $55,086
Liabilities
Accounts Payable and Accrued Expenses-$20,739-
Other Liabilities-$3,938-
Total Liabilities$5,803$30,480▲ $24,677
Net Assets / Fund Balance
Temporarily Rstr Net Assets$15,000$59,500▲ $44,500
Unrestricted Net Assets$15,336$1,245▼ $14,091
Total Net Assets Fund Balance$30,336$60,745▲ $30,409
Total Liabilities and Net Assets / Fund Balance$36,139$91,225▲ $55,086

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,080$2,670$3,750
Equipment$2,454$215-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patricia FunegraCEOFT$97,000$97,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$235,494
Program Service Revenue
$141,289
Investment Income
$0
Other Revenue
$0
All Other Contributions
$235,494
Change in Net Assets
$30,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$222,092
Other Expenses$109,129
Grants and Similar Amounts Paid$11,225
Professional Fundraising Fees$3,928
Total Fundraising Expense$3,928

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,374--$119,374
Current Officers, Directors, Trustees, and Key Employees$48,500$48,500-$97,000
Fees for Services Other$57,236$1,420-$58,656
All Other Expenses$17,983$1,136-$19,119
Grants to Domestic Individuals$11,225--$11,225
Fees for Services Accounting-$8,848-$8,848
Payroll Taxes$4,656--$4,656
Information Technology$4,596--$4,596
Fees for Services Professional Fundraising--$3,928$3,928
Insurance-$2,779-$2,779
Other Expenses$1,369--$1,369
Other Employee Benefits$1,062--$1,062
Travel-$1,028-$1,028
Depreciation Depletion-$871-$871
Office Expenses-$536-$536
Advertising$320--$320
Interest-$30-$30
Total Functional Expenses$277,298$65,148$3,928$346,374
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$3,928
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,803$5,803→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Catering Deposit$3,938
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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 governing body review Part VI line 11

Members of the board of directors have the opportunity to review the 990 prior to filing.

Conflict of interest policy compliance Part VI line 12C

There is a conflict of interest policy on file for all board members

CEO executive director top management comp Part VI line 15A

Ceo pay is reviewed by the board in comparison to similar nonprofit organizations in the area.

Other officer or key employee compensation Part VI line 15B

Ceo has discretion in setting employee salaries based on market rates for similar positions.

Form 990 availability to public Part VI line 18

Form 990 will be made available to the public upon request. 990 available on guidestar

Governing documents etc available to public Part VI line 19

Governing documents are not currently made available to the public.

Filing and Contact Details

Filer

Filer Name
La Cocina Va
EIN
46-2037695
Address
1500 N GLEBE RD, ARLINGTON, VA 22207

Signing Officer

Name
Patricia Funegra
Title
CEO
Phone
2023165614
Signed
2018-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Funegra
Formed
2014
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
20

Preparer

Firm
Black Rock Accounting
Address
9209 SHELTON ST, BETHESDA, MD 20817
Preparer
Michael Prete
Phone
3019287600
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Culinary instructor $61,776life skills counselor $9,815catering labor $2,913business plan services $1,300

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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015000
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IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2RESTRICTED GRANTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt282000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE BOARD OF DIRECTORS HAVE THE OPPORTUNITY TO REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS A CONFLICT OF INTEREST POLICY ON FILE FOR ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO PAY IS REVIEWED BY THE BOARD IN COMPARISON TO SIMILAR NONPROFIT ORGANIZATIONS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO HAS DISCRETION IN SETTING EMPLOYEE SALARIES BASED ON MARKET RATES FOR SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 990 AVAILABLE ON GUIDESTAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CULINARY INSTRUCTOR $61,776LIFE SKILLS COUNSELOR $9,815CATERING LABOR $2,913BUSINESS PLAN SERVICES $1,300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990/TotalOtherCompensationAmt00
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