La Cocina Inc
- Assets
- $10.6m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 30
- Location
- San Francisco, CA
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 59-3838549
Organization Overview
La Cocina Inc is located in San Francisco, CA. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, LA Cocina Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Cocina 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 06/2021, LA Cocina Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $6.5m during the year ending 06/2021. While expenses have increased by 19.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE COMMERCIAL KITCHEN SPACE AND HANDS-ON TECHNICAL ASSISTANCE FOR LOW-INCOME AND IMMIGRANT ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA COCINA PROVIDES COMMERCIAL KITCHEN SPACE AND TECHNICAL ASSISTANCE TO LOW-INCOME ENTREPRENEURS WHO ARE LAUNCHING, GROWING AND FORMALIZING FOOD BUSINESSES. WE PROVIDE ACCESS TO MARKET OPPORTUNITIES THROUGH CATERING, RETAIL PRODUCT SALES AND A FOOD HALL TO OUR CLIENTS TO FURTHER BUSINESS SKILLS, DEVELOP A CUSTOMER BASE, GENERATE FAMILY INCOME, AND SUPPORT COMMUNITY VIBRANCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Zigas Executive Di | Officer | 40 | $119,700 |
Leticia Landa Deputy Direc | Officer | 40 | $107,000 |
Alison Arth Program Chai | OfficerTrustee | 4 | $0 |
Katie Colendich Governance C | OfficerTrustee | 3 | $0 |
Seema Patel Finance Chai | OfficerTrustee | 4 | $0 |
Dilsa Lugo Program Chai | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bcci Construction Company Construction | 6/29/20 | $2,711,585 |
Lmnop Design Inc Design/construction | 6/29/20 | $199,025 |
Bcci Construction Company Construction | 6/29/20 | $2,711,585 |
Lmnop Design Inc Design/construction | 6/29/20 | $199,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $577,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,336,282 |
| Noncash contributions included in lines 1a–1f | $476,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,925,181 |
| Total Program Service Revenue | $2,368,778 |
| Investment income | $91 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,307,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,159 |
| Grants and other assistance to domestic individuals. | $324,059 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,700 |
| Compensation of current officers, directors, key employees. | $29,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,549,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,603 |
| Fees for services: Accounting | $213,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,193 |
| Advertising and promotion | $0 |
| Office expenses | $30,459 |
| Information technology | $83,923 |
| Royalties | $0 |
| Occupancy | $274,738 |
| Travel | $32,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $463,396 |
| Insurance | $30,882 |
| All other expenses | $125,203 |
| Total functional expenses | $6,543,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,296,419 |
| Savings and temporary cash investments | $24,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,237,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,713 |
| Prepaid expenses and deferred charges | $13,446 |
| Net Land, buildings, and equipment | $5,985,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,739 |
| Other assets | $0 |
| Total assets | $10,601,250 |
| Accounts payable and accrued expenses | $283,408 |
| Grants payable | $0 |
| Deferred revenue | $63,453 |
| 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 | $568,101 |
| Other liabilities | $24,965 |
| Total liabilities | $939,927 |
| Net assets without donor restrictions | $7,097,969 |
| Net assets with donor restrictions | $2,563,354 |
| 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 | $10,601,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that La Cocina Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Isabel Allende Foundation Sausalito, CA PURPOSE: EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |