2024-01-17T09:49:15-06:00 2022-12-31 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2022-01-01 270648497 COMMONWEALTH KITCHEN INC COMM 6175227900 196 QUINCY STREET DORCHESTER MA 02121 JENNIFER FAIGEL PRESIDENT 6175227900 2024-01-17 JENNIFER FAIGEL 999009999 0 KRISTOFFER LANE P01446126 6172629898 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER FAIGEL 196 QUINCY STREET DORCHESTER MA 02121 6158678 0 X WWW.COMMONWEALTHKITCHEN.ORG X 2009 MA TO CREATE AND GROW DYNAMIC FOOD-BASED BUSINESSES & CAREERS, PARTICULARLY FOR THOSE IMPACTED BY RACIAL, SOCIAL, AND ECONOMIC INEQUALITY. 7 7 35 30 0 0 4258689 3878919 1229368 1452586 0 0 549791 827173 6037848 6158678 0 0 0 0 1558389 1425039 0 0 225357 2410820 3296720 3969209 4721759 2068639 1436919 5937148 14515877 853908 7765735 5083240 6750142 X CWK'S MISSION IS TO BUILD A NEW FOOD ECONOMY GROUNDED IN RACIAL, SOCIAL AND ECONOMIC JUSTICE BY STRENGTHENING THE CAPACITY, CONNECTIONS, AND COLLECTIVE POWER OF DIVERSE ENTREPRENEURS TO START AND GROW SUCCESSFUL FOOD BUSINESSES. TO ACCOMPLISH THIS MISSION, CWK OPERATES GREATER BOSTON'S ONLY NONPROFIT FOOD BUSINESS DEVELOPMENT CENTER AND FOOD MANUFACTURING SOCIAL ENTERPRISE. 0 0 3359060 3878919 DURING 2022, THE WORK DONE BY THE ORGANIZATION RETURNED TO ITS CORE MISSION AS EXECUTED PRIOR TO THE PANDEMIC. THERE WAS SIGNIFICANT PENT-UP DEMAND FOR OUR FOOD BUSINESS START-UP EDUCATION PROGRAMMING, WHICH WAS REINSTITUTED, ALONG WITH ADDITIONAL EDUCATION AND TRAINING TO ALLOW 50+ BUSINESSES TO RETURN TO THE SHARED KITCHENS. OUR "READY TO LAUNCH" PROGRAM, NOW ENSURES A STRONG START TO NEW BUSINESSES THAT BEGIN COMMERCIAL PRODUCTION AT COMMONWEALTH KITCHEN. ADDITIONALLY, AS OPPORTUNITIES HAVE AGAIN BECOME AVAILABLE, WE HAVE BEEN ABLE TO EXPAND SALES CHANNELS FOR OUR MEMBERS AND THE BROADER COMMUNITY TO ASSIST IN OFFERING SUCCESS IN THE BUSINESS GROWTH PHASE OF THESE REMARKABLE BUSINESSES. WE'VE GROWN AND EXPANDED THE FOOD BUSINESS LISTSERV TO PROVIDE EDUCATIONAL MATERIALS TO OUR MEMBERS AND THE BROADER COMMUNITY. THIS HAS BEEN A DIFFICULT TIME NOT JUST FOR COMMONWEALTH KITCHEN AND OTHER NON-PROFITS, BUT PARTICULARLY FOR THE COMMUNITY WE SERVE. WE INSTITUTIONALIZED OUR "COMMON TABLE" PROGRAM AND WITH THE ASSISTANCE OF PRIVATE DONORS, WE HAVE BEEN ABLE TO CONTINUE TO SUPPORT OUR MEMBER BUSINESSES TO ENABLE THEM TO SERVE THE LOCAL COMMUNITY AND PROVIDE MEALS TO THEIR NEIGHBORS MOST IN NEED. 3359060 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 20 0 35 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 MA X JENNIFER FAIGEL 6175227900 196 QUINCY STREET DORCHESTER MA 02121 JENNIFER FAIGEL EXECUTIVE DIRECTOR 40.00 X X 152400 0 779 LESLEY DELANEY HAWKINS CHAIR 1.00 X 0 0 0 HELENE SOLOMON TREASURER 1.00 X 0 0 0 JASON ALLEN MEMBER 1.00 X 0 0 0 ANTOINETTE COAKLEY MEMBER 1.00 X 0 0 0 MAGNOLIA CONTERAS MEMBER 1.00 X 0 0 0 RAUL FERNANDEZ MEMBER 1.00 X 0 0 0 SHELDON LLOYD MEMBER 1.00 X 0 0 0 TYLER SEEVER CHIEF OPERATING OFFICER 40.00 X 127400 0 0 279800 0 779 2 0 1 0 0 3878919 3878919 RENTAL AND STORAGE FEE 531120 1256368 1256368 OTHER FEES 900099 157036 157036 MANAGEMENT FEES 531310 39182 39182 1452586 SPECIAL EVENT 900099 426876 426876 MISCELLANEOUS REVENUE 900099 400297 400297 827173 6158678 2279759 0 0 153179 108757 36763 7659 1126942 903694 96318 126930 144918 36796 96858 11264 591838 99556 424157 68125 279293 249473 26077 3743 103794 7236 95150 1408 171583 165135 4916 1532 202830 112731 88923 1176 54713 52656 1568 489 SUPPLIES 584015 580747 3268 UTILITIES 401134 390528 8086 2520 MISCELLANEOUS EXPENSE 333680 313841 19824 15 REPAIRS & MAINTENANCE 238019 125371 112648 335821 212539 122786 496 4721759 3359060 1137342 225357 3775626 6196354 324030 125000 828717 519572 341 8200649 685363 351860 7515286 62409 53824 594506 105500 5937148 14515877 709973 655666 1371 6486 143935 7102212 853908 7765735 X 2811057 2955770 2272183 3794372 5083240 6750142 5937148 14515877 1436919 229983 0 X X 0 1 X 1 0 X 1545546 1933815 3894715 4258689 3878919 15511684 26124 26124 919965 943706 1005879 1229368 1452586 5551504 111876 229983 341859 2465511 2903645 4900594 5599933 5561488 21431171 0 0 0 21431171 59769 38894 37100 549791 827173 1512727 2525280 2942539 4937694 6149724 6388661 22943898 0.93410 0.89710 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 12977. 2019 AMOUNT: $ 21031. 2020 AMOUNT: $ 38048. 2021 AMOUNT: $ 241287. 2022 AMOUNT: $ 400297. DEBT FORGIVENESS - 2018 AMOUNT: $ 24000. 2021 AMOUNT: $ 308504. SPECIAL EVENT - 2018 AMOUNT: $ 22792. 2019 AMOUNT: $ 17863. 2020 AMOUNT: $ -948. 2022 AMOUNT: $ 426876. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1400000 1400000 5796430 71162 5725268 35722 30795 4927 968497 583406 385091 7515286 SECURITY DEPOSITS PAYABLE 75857 MORTGAGE PAYABLE 7026355 7102212 X 6388661 229983 229983 6158678 0 6158678 4721759 0 4721759 0 4721759 PART X, LINE 2: CWK IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR THE YEAR ENDED DECEMBER 31, 2022, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. CWK EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED BY THE APPLICABLE FEDERAL AND STATE AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTIES THEREON, WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. CWK HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS 2022 RETURNS, AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF EXAMINED BY FEDERAL OR STATE TAX AUTHORITIES. CWK'S 2019 THROUGH 2021 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 0 0 0 0 0 0 0 0 0 JENNIFER FAIGEL EXECUTIVE DIRECTOR 152400 0 0 0 0 0 0 0 779 0 153179 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B CWK DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ALL OF THE MEMBERS OF THE BOARD ARE PROVIDED A COPY OF THE 990 BEFORE IT IS FILED. THEY ARE ASKED TO REVIEW AND REPLY TO THE EXECUTIVE DIRECTOR WITH COMMENTS OR QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECIEVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLWING SUBJECTS: A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BRGAINING AND B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT,IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO EXECUTIVE DIRECTOR, COMMONWEALTH KITCHEN INC, 196 QUINCY STREET DORCHESTER MA, 02121, 617-552-7900 PART XII, 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. CWK 196 LLC 196 QUINCY STREET DORCHESTER MA 02025 873823599 CAPITAL EXPENDITURES MA YES 0 0 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0