Civic Intelligence

Emma'S Torch Ltd

EIN 81-3651292 • 501(c)3 • Brooklyn, NY

Pub. 78 EligibleNTEE P40

Profile

Emma's Torch was formed for the charitable purpose of alleviating unemployment and poverty affecting individuals in New York, primarily refugees, asylees and victims of human trafficking, by preparing them for skilled employment in the culinary field.

345 Smith StreetBrooklyn, NY 11231

www.emmastorch.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.24x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.31x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$132,695

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

8th percentile

-21%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

15%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,954,757

Down $1,284,048 (-21%) from 2023

Liabilities

Down

$1,191,817

Down $141,116 (-11%) from 2023

Net Assets

Down

$3,762,940

Down $1,142,932 (-23%) from 2023

Revenue

Up

$3,860,982

Up $501,654 (+15%) from 2023

Expenses

Up

$4,993,377

Up $744,163 (+18%) from 2023

Net Income

Down

-$1,132,395

Down $242,509 (-27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $19,526Liabilities 2016: $0Net Assets 2016: $19,5262016Assets 2017: $107,540Liabilities 2017: $2,409Net Assets 2017: $105,1312017Assets 2018: $313,068Liabilities 2018: $70,407Net Assets 2018: $242,6612018Assets 2019: $267,359Liabilities 2019: $155,970Net Assets 2019: $111,3892019Assets 2020: $796,798Liabilities 2020: $466,261Net Assets 2020: $330,5372020Assets 2021: $3,627,577Liabilities 2021: $223,071Net Assets 2021: $3,404,5062021Assets 2022: $7,292,413Liabilities 2022: $1,507,256Net Assets 2022: $5,785,1572022Assets 2023: $6,238,805Liabilities 2023: $1,332,933Net Assets 2023: $4,905,8722023Assets 2024: $4,954,757Liabilities 2024: $1,191,817Net Assets 2024: $3,762,9402024

Highlighted filing

2024

Assets$4,954,757
Liabilities$1,191,817
Net Assets$3,762,940

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $24,213Expenses 2016: $4,687Net Income 2016: $19,5262016Revenue 2017: $263,656Expenses 2017: $178,051Net Income 2017: $85,6052017Revenue 2018: $1,052,956Expenses 2018: $925,114Net Income 2018: $127,8422018Revenue 2019: $1,951,301Expenses 2019: $2,061,163Net Income 2019: -$109,8622019Revenue 2020: $1,298,150Expenses 2020: $1,252,489Net Income 2020: $45,6612020Revenue 2021: $4,429,217Expenses 2021: $1,500,176Net Income 2021: $2,929,0412021Revenue 2022: $5,082,932Expenses 2022: $2,702,281Net Income 2022: $2,380,6512022Revenue 2023: $3,359,328Expenses 2023: $4,249,214Net Income 2023: -$889,8862023Revenue 2024: $3,860,982Expenses 2024: $4,993,377Net Income 2024: -$1,132,3952024

Highlighted filing

2024

Revenue$3,860,982
Expenses$4,993,377
Net Income-$1,132,395

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 11, 2025
Return Version
2024v5.2
Gross Receipts
$3,860,982
Mission and Program Overview

Mission

Emma's Torch was formed for the charitable purpose of alleviating unemployment and poverty affecting individuals in New York, primarily refugees, asylees and victims of human trafficking, by preparing them for skilled employment in the culinary field.

To alleviate unemployment for those experiencing poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,178,700$4,172,214▲ $2,993,514
Investments in Publicly Traded Securities$2,735,919--
Land, Buildings, and Equipment, Net$206,938$156,775▼ $50,163
Pledges and Grants Receivable$1,374,527$37,187▼ $1,337,340
Prepaid Expenses and Deferred Charges$17,203$26,939▲ $9,736
Inventories for Sale or Use$28,833$18,668▼ $10,165
Total Assets$6,238,805$4,954,757▼ $1,284,048
Other Assets Total$696,685$542,974▼ $153,711
Liabilities
Other Liabilities$679,806$529,587▼ $150,219
Unsecured Notes Loans Payable$462,115$450,457▼ $11,658
Accounts Payable and Accrued Expenses$191,012$118,713▼ $72,299
Deferred Revenue$0$93,060▲ $93,060
Total Liabilities$1,332,933$1,191,817▼ $141,116
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,589,819$3,587,875▲ $1,998,056
Net Assets With Donor Restrictions$3,316,053$175,065▼ $3,140,988
Total Net Assets Fund Balance$4,905,872$3,762,940▼ $1,142,932
Total Liabilities and Net Assets / Fund Balance$6,238,805$4,954,757▼ $1,284,048

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$121,875$49,453$171,328
Other Land Buildings$30,585$133,433$164,018
Leasehold Improvements$4,315$44,945$49,260
Other Assets Org$503,091--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerry BrodieExecutive DirectorFT$128,810$3,885$132,695
Alexander HarrisExecutive Culinary DirectorFT$113,319$3,181$116,500
KIRA O'BRIENNew York Director & Chief of Human Resources OperaFT$110,171$3,078$113,249
Alix HaberDc Area Director & Chief Operating OfficerFT$106,185$2,962$109,147

Board Members and Trustees

NameTitle
Melissa GlassBoard Chair
Abe MonzonBoard Member
Akshay BelaniBoard Member
Becca ParrishBoard Member
Dino LavoriniBoard Member
Irene HamburgerBoard Member
Julie ChangBoard Member
Michael StillmanBoard Member
Richard FieldsBoard Member
Saara HafeezBoard Member
Sara RosenBoard Secretary
Michelle JewettBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,482,875
Program Service Revenue
$1,229,648
Investment Income
$147,633
Other Revenue
$826
All Other Contributions
$2,477,875
Change in Net Assets
$-1,132,395

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
Real Estate Commercial1$45,206Fair Market Value (FMV)
Food Inventory11$8,660Fair Market Value (FMV)
Clothing and Household Goods-$7,499Fair Market Value (FMV)
Total Noncash Contributions12$61,365-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,860,982
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-331,892
Total Revenue per Audited Statements
$3,529,090
Total Revenue per Form 990
$3,860,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,294,039
Other Expenses$1,699,338
Total Fundraising Expense$221,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,203,793$58,734$53,408$2,315,935
Current Officers, Directors, Trustees, and Key Employees$446,621$24,969-$471,590
Occupancy$374,306$106$37$374,449
Payroll Taxes$263,018$6,527$15,906$285,451
Fees for Services Other$140,233$46,104$65,189$251,526
Other Employee Benefits$206,202$11,012$3,849$221,063
Fees for Services Accounting$23,909$1,277$77,342$102,528
Other Expenses$84,983$1,244$392$86,619
Office Expenses$63,507$4,730$188$68,425
Insurance$46,122$2,463$3,459$52,044
Depreciation Depletion$46,759$2,497$873$50,129
Travel$42,446$1,662$577$44,685
Interest$9,863$784$184$10,831
Advertising$3,102$6$2$3,110
Fees for Services Legal$2,242-$135$2,377
Total Functional Expenses$4,609,714$162,120$221,543$4,993,377

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,993,377
Total Expenses per Form 990$4,993,377
Total Expenses per Audited Statements$4,661,485
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-331,892
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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
Lease Liabilities$529,587
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
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

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.

Filing and Contact Details

Filer

Filer Name
EMMA'S TORCH LTD
EIN
81-3651292
Phone
2404416326
Address
345 SMITH STREET, BROOKLYN, NY 11231

Signing Officer

Name
Kerry Brodie
Title
Executive Director
Phone
2404416326
Signed
2025-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerry Brodie
Formed
2016
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
225
Volunteers
5

Preparer

Firm
Sb & Company LLC
Address
10200 GRAND CENTRAL AVE SUITE 250, OWINGS MILLS, MD 21117
Preparer
Monique Booker
Phone
4105840060
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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, 2024 and 2023, 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, 2024, the statute of limitations for fiscal years 2022 through 2024 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, 2024 and 2023, 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

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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE CULINARY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DC AREA DIRECTOR & CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15NEW YORK DIRECTOR & CHIEF OF HUMAN RESOURCES OPERA
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