Commonwealth Kitchen Inc
- Assets
- $14.7m
- Revenue
- $6.2m
- Investments
- $54.0k
- Employees
- 27
- Location
- Dorchester, MA
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 27-0648497
Organization Overview
Commonwealth Kitchen Inc is located in Dorchester, MA. The organization was established in 2011. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Commonwealth Kitchen Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Kitchen Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Commonwealth Kitchen Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 15.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND GROW DYNAMIC FOOD-BASED BUSINESSES & CAREERS, PARTICULARLY FOR THOSE IMPACTED BY RACIAL, SOCIAL, AND ECONOMIC INEQUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READY TO LAUNCH: WITH SO MANY PEOPLE STARTING INFORMAL FOOD BUSINESSES OVER THE PAST YEAR, AND NOW LOOKING FOR SUPPORT, WE'RE CURRENTLY ADAPTING OUR START-UP PROGRAMMING INTO A NEW 16-WEEK START-UP PROGRAM, AN EXTENSION OF OUR SIGNATURE FOOD BIZ 101, INTENDED FOR BUSINESSES THAT ARE ABOUT TO LAUNCH IN CWK'S SHARED KITCHENS. THE EXPANDED PROGRAM COVERS ALL OF THE BASICS - FROM PERMITS TO HOW TO CREATE INVOICES, TO FINANCIAL MANAGEMENT AND PRICING. READY TO LAUNCH WILL ENSURE A STRONG START TO NEW BUSINESSES THAT LAUNCH AT COMMONWEALTH KITCHEN.NETWORK SUPPORT: WHEN STATE AND FEDERAL MONEY BECAME AVAILABLE, COMMONWEALTH KITCHEN JUMPED INTO ACTION, SPREADING THE WORD ABOUT RESOURCES AND HOSTING NUMEROUS WEBINARS IN COLLABORATION WITH USC AND OTHERS TO GIVE ENTREPRENEURS ACCESS TO THE ANSWERS THEY NEED TO TAKE ADVANTAGE OF RESOURCES AVAILABLE. WE ALSO LAUNCHED A FOOD BUSINESS LISTSERV, PROVIDING ADVICE AND PEER NETWORKING FOR 200+ BUSINESSES. RESTAURANT RESILIENCY: THIS PROGRAM WILL PROVIDE A NETWORK OF DEEP SUPPORT TO SMALL RESTAURANTS ACROSS THE REGION THROUGH A FACEBOOK GROUP. DESPITE THE ENORMOUS CHALLENGES OF 2020, CWK WAS ABLE TO SUPPORT OUR VITAL, BASELINE BUSINESS EDUCATION AND TRAINING PROGRAMMING, WHICH HAS BECOME ALL THE MORE CRITICAL GIVEN THE CURRENT ECONOMIC REALITIES. CWK PROVIDED A RANGE OF BUSINESS SUPPORT SERVICES, INCLUDING HOSTING WEBINARS AND PROVIDING 1-ON-1 SUPPORT SERVICES TO MORE THAN 100 BUSINESSES. WE PROVIDED DIRECT ASSISTANCE TO OVER 50 BUSINESSES APPLYING FOR VARIOUS GRANTS AND LOANS, HELPING SECURE MORE THAN $2M TO SUPPORT THEIR RECOVERY EFFORTS. WE RAISED AND INVESTED ANOTHER $1M+ THROUGH OUR COMMONTABLE EMERGENCY FOOD EFFORTS TO PAY OUR HARD-HIT FOOD BUSINESS COMMUNITY TO FEED THEIR NEIGHBORS IN NEED. AS PART OF THE PROGRAM, WE PROVIDED 25+ BUSINESSES WITH TRAINING ON BULK FOOD PRODUCTION AND PROPER COOLING AND TRANSPORTATION TECHNIQUES, AND STAFF TRAINING FOR CONTACTLESS DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Delaney Hawkins Chair | OfficerTrustee | 1 | $0 |
Sheldon Lloyd Vice Chair | OfficerTrustee | 1 | $0 |
Antoinette Coakley Secretary | OfficerTrustee | 1 | $0 |
Helene Solomon Treasurer | OfficerTrustee | 1 | $0 |
Kara Fagan Director | Trustee | 1 | $0 |
Magnolia Contreras Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pagu Food And Beverage | 12/30/20 | $115,360 |
Jack Wu & Associates Llc Accounting | 12/30/20 | $110,800 |
Little Donkey Food And Beverage | 12/30/20 | $108,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,951,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,951,542 |
| Total Program Service Revenue | $1,769,564 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $126,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,248,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,000 |
| Compensation of current officers, directors, key employees. | $200,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,237,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,058 |
| Payroll taxes | $113,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $917 |
| Fees for services: Accounting | $97,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $658,664 |
| Advertising and promotion | $0 |
| Office expenses | $129,935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $328,917 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,045 |
| Insurance | $59,837 |
| All other expenses | $307,005 |
| Total functional expenses | $5,791,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,950,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $800,843 |
| Accounts receivable, net | $1,010,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,344 |
| Net Land, buildings, and equipment | $7,828,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,956 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,500 |
| Total assets | $14,681,256 |
| Accounts payable and accrued expenses | $673,612 |
| Grants payable | $0 |
| Deferred revenue | $22,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,777,899 |
| Total liabilities | $7,473,511 |
| Net assets without donor restrictions | $3,006,091 |
| Net assets with donor restrictions | $4,201,654 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,681,256 |