Civic Intelligence

Jacques Pepin Foundation The

990 • Fiscal year 2019 • EIN 81-2706568

Jan 01, 2019 to Dec 31, 2019 • Filed on May 20, 2020

PO Box 28Barrington, RI 02806

(401) 245-1913

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

72%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$634,632

Up $141,614 (+29%) from 2018

Net Assets

Up

$620,799

Up $269,477 (+77%) from 2018

Liabilities

Down

$13,833

Down $127,863 (-90%) from 2018

Revenue

Up

$645,235

Up $269,121 (+72%) from 2018

Expenses

Up

$397,046

Up $247,952 (+166%) from 2018

Net Income

Up

$248,189

Up $21,169 (+9.3%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $264,972Liabilities 2017: $122,617Net Assets 2017: $142,3552017Assets 2018: $493,018Liabilities 2018: $141,696Net Assets 2018: $351,3222018Assets 2019: $634,632Liabilities 2019: $13,833Net Assets 2019: $620,7992019Assets 2020: $1,248,221Liabilities 2020: $22,365Net Assets 2020: $1,225,8562020Assets 2021: $1,423,962Liabilities 2021: $116,667Net Assets 2021: $1,307,2952021Assets 2022: $1,666,912Liabilities 2022: $191,945Net Assets 2022: $1,474,9672022Assets 2023: $1,915,302Liabilities 2023: $164,626Net Assets 2023: $1,750,6762023Assets 2024: $2,184,688Liabilities 2024: $481,746Net Assets 2024: $1,702,9422024

Highlighted filing

2019

Assets$634,632
Liabilities$13,833
Net Assets$620,799

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $133,726Expenses 2017: $15,857Net Income 2017: $117,8692017Revenue 2018: $376,114Expenses 2018: $149,094Net Income 2018: $227,0202018Revenue 2019: $645,235Expenses 2019: $397,046Net Income 2019: $248,1892019Revenue 2020: $1,219,306Expenses 2020: $639,629Net Income 2020: $579,6772020Revenue 2021: $794,518Expenses 2021: $707,095Net Income 2021: $87,4232021Revenue 2022: $1,133,999Expenses 2022: $800,576Net Income 2022: $333,4232022Revenue 2023: $1,209,360Expenses 2023: $981,938Net Income 2023: $227,4222023Revenue 2024: $1,427,317Expenses 2024: $1,513,138Net Income 2024: -$85,8212024

Highlighted filing

2019

Revenue$645,235
Expenses$397,046
Net Income$248,189
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 20, 2020
Return Version
2019v5.1
Gross Receipts
$1,374,781
Mission and Program Overview

Mission

The jacques pepin foundation promotes jacque's generosity and passion for cooking by supporting individuals that seek, and organizations that create pathways to sucess through culinary professionalism, skills and techniques.

The Jacques Pepin Foundation is an organization that supports free culinary arts and life skills training for disadvantaged adults through existng non-profit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$290,714$546,394▲ $255,680
Cash and Non-Interest-Bearing Accounts$184,529$38,243▼ $146,286
Prepaid Expenses and Deferred Charges$15,000$16,150▲ $1,150
Intangible Assets-$6,575-
Land, Buildings, and Equipment, Net$2,150$1,316▼ $834
Inventories for Sale or Use$625$625→ $0
Total Assets$493,018$634,632▲ $141,614
Other Assets Total-$25,329-
Liabilities
Other Liabilities$138,085$0▼ $138,085
Accounts Payable and Accrued Expenses$3,611$13,833▲ $10,222
Total Liabilities$141,696$13,833▼ $127,863
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$351,322$620,799▲ $269,477
Total Net Assets Fund Balance$351,322$620,799▲ $269,477
Total Liabilities and Net Assets / Fund Balance$493,018$634,632▲ $141,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,316$2,992$4,308
Land$0--
Other Assets Org$25,329--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
ROLLAND WESEN EdDVice President/executive DirectorPT$37,917$37,917

Board Members and Trustees

NameTitle
Jacques PepinExecutive Chairman
Claudine PepinPresident
Michel NischanDirector
Susie HellerDirector
Brian MaynardSecretary
Robert PriceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$742,799
Program Service Revenue
$10,700
Investment Income
$13,259
Other Revenue
$-121,523
All Other Contributions
$337,645
Change in Net Assets
$248,189

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$114,140Fair Market Value (FMV)
Other Non Cash Contri Table-$41,265Estimated Fair Market Value (FMV)
Other Non Cash Contri Table-$37,528Estimated Fair Market Value (FMV)
Other Non Cash Contri Table-$10,000Estimated Fair Market Value (FMV)
Works of Art1$5,000Estimated Fair Market Value (FMV)
Total Noncash Contributions9$207,933-

Audited Revenue Reconciliation

Revenue per Audited Statements
$645,235
Revenue Not Reported on Form 990
$21,288
Total Revenue per Audited Statements
$666,523
Total Revenue per Form 990
$645,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$179,500
Other Expenses$151,389
Total Fundraising Expense$86,191
Salaries, Compensation, and Employee Benefits$66,157
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$179,500--$179,500
Fees for Services Other$33,746$12,206$23,792$69,744
Current Officers, Directors, Trustees, and Key Employees$12,639$12,639$12,639$37,917
Other Salaries and Wages$11,667$0$11,667$23,334
Travel$2,208$2,989$17,526$22,723
Office Expenses$544$2,144$18,125$20,813
Fees for Services Accounting$0$10,780$0$10,780
Advertising$7,000$0$0$7,000
Payroll Taxes$1,946$1,013$1,947$4,906
Information Technology$376$2,012$109$2,497
Depreciation Depletion$865$1,284$0$2,149
Other Expenses$0$1,081$386$1,467
Fees for Services Legal$0$1,125$0$1,125
Insurance$0$744$0$744
Total Functional Expenses$262,838$48,017$86,191$397,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$397,046
Total Expenses per Audited Statements$397,046
Total Expenses per Form 990$397,046
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dc Central KitchenWashington, DC501(c)3Operations$15,000
Appetite for ChangeMinneapolis, MN501(c)3Operations$10,000
Community Food Bank of S ArizonaTucson, AZ501(c)3Operations$10,000
Community Kitchen PittsburghPittsburgh, PA501(c)3Operations$10,000
Community Servings IncJamaica Plain, MA501(c)3Operations$10,000
Freestore-foodbank IncCincinnati, OH501(c)3Operations$10,000
Galley-st Clair County Comm Mental HealthPort Huron, MI501(c)3Operations$10,000
Hot Bread KitchenBrooklyn, NY501(c)3Operations$10,000
Kitchens for GoodSan Diego, CA501(c)3Operations$10,000
LIFE'S KITCHEN INCBoise, ID501(c)3Operations$10,000
Inspiration CorporationChicago, IL501(c)3Operations$9,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$203,743
Fundraising Gross Income$82,220
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Founders Inaugural Benefit$487,374$82,220$53,883$28,337
Total Events$487,374$82,220$199,409$-117,189
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Jacques Pepin Legacy Fund$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Jacques Pepin Foundation the
EIN
81-2706568
Phone
4012451913
Address
PO BOX 28, BARRINGTON, RI 02806

Signing Officer

Name
ROLLAND WESEN EdD
Title
Executive Director
Phone
4012451913
Signed
2020-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
ROLLAND WESEN EdD
Formed
2016
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
6
Employees
2
Volunteers
50

Preparer

Firm
Caliri Mancini & Barbieri Pc
Address
1 Worthington Rd, Cranston, RI 02920
Preparer
Nancy L Mancini
Phone
4012683926
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 is presented in draft form to the executive director, and then the full board, for approval before being filed in final form.

Pt VI, Line 2

Two of the officers are related biologically, and the executive director is related to one officer through marraige.

Pt VI, Line 12C

Each director, principal officer, or member of committees with governing board-delegated powers annually sign a statement that affirms: (1) such person has received a copy of the conflict of interest policy, (2) has read and understands the policy, and (3) has agreed to comply with the policy.

Pt III, Line 2

IN FISCAL YEAR 2019, THE ORGANIZATION OBTAINED VARIOUS LICENSE AGREEMENTS FOR THE USE OF VARIOUS VIDEOS, VIDEO EXCERPTS, AND OTHER RELATED ITEMS THAT CAN BE FOUND ON A NEW, SEPARATE WEBSITE, www.jp.foundation, FOR A NEW CULINARY EDUCATION PROGRAM.

Pt VI, Line 19

The organization makes its governing documents, certain policies, and financial statements available to the public upon request.

Form 990, Part IX, Line 11G

Bookkeeping services 2584. 0. 2584. 0.

Form 990, Part IX, Line 11G

Payroll service fees 885. 0. 885. 0.

Form 990, Part IX, Line 11G

Other outside services 30334. 18750. 8584. 3000.

Form 990, Part IX, Line 11G

Video filming & editing 29682. 10540. 0. 19142.

Form 990, Part IX, Line 11G

Website maintenance 6259. 4456. 153. 1650.

Financial Statement Notes

Pt X, Line 2

The organization evaluates all significant tax positions as required by accounting principles generally accepted in the united states. As of year-end, the organization does not believe it has taken any tax positions that would require the recognition of a tax liability or any unrealized tax benefit that would either increase or decrease within the next twelve months. Tax years that are open for examination by taxing authorities are generally the last three tax year-ends.

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IRS990/Desc0THE JACQUES PEPIN FOUNDATION'S PRINIPAL ACTIVITY IS TO SUPPORT THE WORK OF EXISTING NON-PROFIT ORGANIZATIONS THAT TRAIN ECONOMICALLY DISADVANTAGED ADULTS FOR FOOD SERVICE EMPLOYMENT. THE ORGANIZATIONS SUPPORTED TEACH CULINARY SKILLS AND LIFE SKILLS TO INDIVIDUALS THAT ARE EXCLUDED FROM THE WORKFORCE. THE NET RESULT IS A WIN FOR SOCIETY, A WIN FOR INDIVIDUALS WHO LEARN MARKETABLE SKILLS AS WELL AS CONFIDENCE AND SELF-EFFICACY, AND FOR FOOD SERVICE WHICH CURRENTLY HAD 650,000 JOB VACANCIES. THE JACQUES PEPIN FOUNDATION, AS THE MOST TRUSTED NAME IN CULINARY EDUCATION, WITH DEEP ROOTS IN THE INDUSTRY AND CURRICULUM EXPERTISE, IS UNIQUELY QUALIFIED TO ADVANCE CULINARY TRAINING FOR OUR NEEDIEST, WILLING CITIZENS. WE TEACH AND CONNECT CHEFS TO TEACHING KITCHENS AS VOLUNTEERS. A SUBSTANTIVE AMOUNT OF OUR TIME IS SPENT ON COLLABORATIVE FUNDRAISING EVENTS THAT INCREASE PUBLIC AWARENESS AND GENERATE ECONOMIC SUPPORT FOR THESE OTHER ORGANIZATIONS. THE EVENTS ARE CREATED BY THE FOUNDATION FOR THE BENEFIT OF THE CO-HOST ORGANIZATIONS. WE BRING NATIONAL TALENT (CHEFS), VIP SPEAKERS AND GUESTS, HIGH-END AUCTION ITEMS, AND A SKILLED PRODUCTION TEAM INTO THE COLLABORATION THAT THE CO-HOST ORGANIZATION WOULD NOT BE ABLE TO ATTRACT ON THEIR OWN. THE EVENTS RAISE SIGNIFICANTLY MORE REVENUE THAN THE CO-HOST ORGANIZATIONS TYPICALLY RAISE AT THEIR OWN INDEPENDENTLY-RUN FUNDRAISERS, AS WELL AS PRESS, VISIBILITY AND NEW DONORS. THESE CO-HOST ORGANIZATIONS KEEP MOST OF THE NET REVENUES TO FUND CULINARY AND LIFE SKILLS TRAINING FOR DISADVANTAGED AND DISENFRANCHISED ADULTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CULINARY EDUCATION - THROUGH VARIOUS LICENSE AGREEMENTS, IN FY 19 THE FOUNDATON CREATED A NEW, ADDITIONAL, WEBSITE (www.jp.foundation) TO PROVIDE EDUCATIONAL RESOURCES THROUGH VIDEOS, VIDEO EXCERPTS, AND OTHER RELATED ITEMS FOR THE CULINARY EDUCATION PROGRAM.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES. AS OF YEAR-END, THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECOGNITION OF A TAX LIABILITY OR ANY UNREALIZED TAX BENEFIT THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. TAX YEARS THAT ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES ARE GENERALLY THE LAST THREE TAX YEAR-ENDS.
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