Civic Intelligence

Jacques Pepin Foundation The

990 • Fiscal year 2020 • EIN 81-2706568

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 15, 2021

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

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$56,875

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

92nd percentile

97%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

89%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,248,221

Up $613,589 (+97%) from 2019

Net Assets

Up

$1,225,856

Up $605,057 (+97%) from 2019

Liabilities

Up

$22,365

Up $8,532 (+62%) from 2019

Revenue

Up

$1,219,306

Up $574,071 (+89%) from 2019

Expenses

Up

$639,629

Up $242,583 (+61%) from 2019

Net Income

Up

$579,677

Up $331,488 (+134%) from 2019

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

2020

Assets$1,248,221
Liabilities$22,365
Net Assets$1,225,856

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

2020

Revenue$1,219,306
Expenses$639,629
Net Income$579,677
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,348,031
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$546,394$970,841▲ $424,447
Cash and Non-Interest-Bearing Accounts$38,243$205,398▲ $167,155
Pledges and Grants Receivable-$24,548-
Prepaid Expenses and Deferred Charges$16,150$17,719▲ $1,569
Intangible Assets$6,575$16,887▲ $10,312
Inventories for Sale or Use$625$7,200▲ $6,575
Land, Buildings, and Equipment, Net$1,316$665▼ $651
Total Assets$634,632$1,248,221▲ $613,589
Other Assets Total$25,329$4,963▼ $20,366
Liabilities
Unsecured Notes Loans Payable-$20,115-
Accounts Payable and Accrued Expenses$13,833$2,250▼ $11,583
Total Liabilities$13,833$22,365▲ $8,532
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$620,799$840,856▲ $220,057
Net Assets With Donor Restrictions-$385,000-
Total Net Assets Fund Balance$620,799$1,225,856▲ $605,057
Total Liabilities and Net Assets / Fund Balance$634,632$1,248,221▲ $613,589

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$665$3,643$4,308
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
ROLLAND WESEN EdDVice President/executive DirectorPT$56,875$56,875

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
$1,197,659
Program Service Revenue
$27,344
Investment Income
$17,955
Other Revenue
$-23,652
All Other Contributions
$1,017,763
Change in Net Assets
$579,677

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 Traded6$33,618Estimated Fair Value
Other Non Cash Contri Table40$20,000Face Value
Total Noncash Contributions46$53,618-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,219,306
Revenue Not Reported on Form 990
$25,380
Total Revenue per Audited Statements
$1,244,686
Total Revenue per Form 990
$1,219,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$268,609
Other Expenses$263,250
Salaries, Compensation, and Employee Benefits$107,770
Total Fundraising Expense$95,429
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$268,609--$268,609
Fees for Services Other$148,432$4,014$10,325$162,771
Current Officers, Directors, Trustees, and Key Employees$17,063$19,906$19,906$56,875
Other Salaries and Wages$19,361$12,907$10,756$43,024
Advertising$0$0$19,120$19,120
Office Expenses$190$2,365$11,253$13,808
Fees for Services Accounting$0$10,990$0$10,990
Payroll Taxes$2,870$2,585$2,416$7,871
Information Technology$0$7,546$0$7,546
Depreciation Depletion$4,318$1,551$0$5,869
Travel$0$0$3,150$3,150
Other Expenses$490$282$2,007$2,779
Insurance$0$698$0$698
Conferences and Meetings$0$23$0$23
Total Functional Expenses$481,333$62,867$95,429$639,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$639,629
Total Expenses per Audited Statements$639,629
Total Expenses per Form 990$639,629
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fare Startcatalyst KitchensSeattle, WA501(c)3Operations$35,000
Foodworksmaryland Food Bank IncHalethorpe, MD501(c)3Operations$25,000
Food Bank NycNew York, NY501(c)3Operations$20,000
Hot Bread KitchenBrooklyn, NY501(c)3Operations$20,000
All SquareMinneapolis, MN501(c)3Operations$10,000
Community Kitchen PittsburghPittsburgh, PA501(c)3Operations$10,000
Community Servings IncJamaica Plain, MA501(c)3Operations$10,000
Food Education FundNew York, NY501(c)3Operations$10,000
Food Shiftearth Island InstituteBerkeley, CA501(c)3Operations$10,000
Homeward Bound of MarinNovato, CA501(c)3Operations$10,000
Kinzi Industrial Development CorporationChicago, IL501(c)3Operations$10,000
Kitchens for GoodSan Diego, CA501(c)3Operations$10,000
Literacy Volunteers of Greater HartfordHartford, CT501(c)3Operations$10,000
ST MARY'S FOOD BANK ALLIANCEPhoenix, AZ501(c)3Operations$10,000
The Genesis CenterProvidence, RI501(c)3Operations$10,000
Together We BakeAlexandria, VA501(c)3Operations$10,000
UmomPhoenix, AZ501(c)3Operations$10,000
Utec IncLowell, MA501(c)3Operations$10,000
Vermont Food BankBarre, VT501(c)3Operations$10,000
FoodlinkArlington, MA501(c)3Operations$7,130
Forge City WorksHartford, CT501(c)(3)Operations$6,479
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,212
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
See Schedule O$179,896$0$23,849$-23,849
Total Events$179,896$0$26,212$-26,212
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
2021-08-15
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
6

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 2020, THE ORGANIZATION CONTINUED TO OBTAIN 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 THE CULINARY EDUCATION PROGRAM THAT BEGAIN IN 2019.

Pt VI, Line 19

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

Other

Schedule g - founders inaugural fundraising event - - - due to the covid-19 pandemic, the funrdaising event had to be cancelled after the receipt of sponsorships and ticket sales, and after in incurrance of certain non-refundable expenses. Many of the donors allowed the foundation to keep the sponsorship and ticket sale revenue despite the cancellation to allow the foundation to continue with its programs.

Form 990, Part IX, Line 11G

Bookkeeping 2708. 0. 2708. 0.

Form 990, Part IX, Line 11G

Curriculum development 12138. 12138. 0. 0.

Form 990, Part IX, Line 11G

Graphic design 6025. 0. 0. 6025.

Form 990, Part IX, Line 11G

Payroll service fees 1306. 0. 1306. 0.

Form 990, Part IX, Line 11G

Video production & editing 133579. 132079. 0. 1500.

Form 990, Part IX, Line 11G

Website maintenance & updates 6915. 4115. 0. 2800.

Form 990, Part IX, Line 11G

Other outside services 100. 100. 0. 0.

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 PRINCIPAL 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 THE FOOD SERVICE INDUSTRY. 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 THE NEEDIEST, WILLING CITIZENS. WE TEACH AND CONNECT CHEFS TO TEACHING KITCHENS AS VOLUNTEERS. IN A NON-PANDEMIC YEAR, 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. 2020 WAS THE SECOND YEAR OF OUR GRANTING PROGRAM WITH $268,609 DISBERSED ACROSS 22 DIFFERENT ORGANIZATIONS. THE JACQUES PEPIN FOUNDATION COMMUNICATES DIRECTLY WITH MANUFACTURERS AND AT TIME BROKERS EQUIPMENT AND SUPPLIES DONATIONS. IN 2020, $20,000 OF GIFT CARD DONATIONS FOR THE PURCHASE OF OXO BRAND SUPPLIES WERE DISTRIBUTED.
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IRS990/MissionDesc0THE 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.
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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. IN FY 20, THIS PROGRAM CONTINUED AND A MEMBERSHIP PROGRAM WAS DEVELOPED TO PROMOTE OUR FUNDRAISING EFFORTS. AS GIFTS, TO MEMBERS AND OTHER DONORS, A VIDEO RECIPE BOOK FEATURING 100 PRINTABLE RECIPES, ACCOMPANIED BY VIDEO INSTRUCTION FROM A DIVERSE GROUP OF RENOWNED CHEFS WAS PRODUCED, TO ADVANCE CULINARY EDUCATION.
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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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