2020-11-05T09:40:25-06:00 2019-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2019-01-01 460673197 THE URBAN FOOD INITIATIVE INC URBA 6175068970 420 WASHINGTON STREET DORCHESTER MA 02124 DOUGLAS RAUCH PRESIDENT 6176202924 2020-11-02 1 THOMAS F MULDOON CPA P01561688 5083669100 2020-11-02 40.70.31.102 2020-11-02 19:12:02 ES P 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 2019 2021-01-29 14:40:06Z DAILY TABLE DOUGLAS RAUCH 420 WASHINGTON STREET DORCHESTER MA 02124 6657349 0 X HTTP://DAILYTABLE.ORG X 2012 MA DAILY TABLE IS AN INNOVATIVE RETAIL APPROACH TO PROVIDING AFFORDABLE WHOLESOME FOOD TO THE ECONOMICALLY DISADVANTAGED AND UNDERSERVED IN OUR INNER CITIES TO HELP SOLVE THE SOCIAL CHALLENGE OF HUNGER AND OBESITY IN AMERICA. 7 7 109 1010 0 0 1425590 3406421 0 0 4 6 315361 323329 1740955 3729756 0 0 0 0 1225933 1246162 0 0 91013 1243791 1306196 2469724 2552358 -728769 1177398 1648148 2902509 208211 285174 1439937 2617335 X AT DAILY TABLE WE BELIEVE THAT DELICIOUS, WHOLESOME AND AFFORDABLE FOOD SHOULD BE AVAILABLE TO ALL. OUR MISSION IS TO HELP COMMUNITIES MAKE GREAT FOOD CHOICES BY MAKING IT EASY TO CHOOSE TASTY, HEALTHY, CONVENIENT AND TRULY AFFORDABLE MEALS AND GROCERIES. WE DO THIS IN A RESPECTFUL MANNER THAT HONORS OUR CUSTOMER, ENGENDERING DIGNITY. 0 0 1730907 323329 CREATE A COMMUNITY-BASED RETAIL FOOD SERVICE OPERATION OFFERING WIDE-SPREAD ACCESS TO HIGH QUALITY, NUTRITIONALLY ADVANTAGED FOOD ITEMS AT A FRACTION OF TYPICAL PRICES. 29135 OPERATE A TEACHING KITCHEN TO TEACH COMMUNITY MEMBERS SKILLS IN COOKING, HEALTHY MEAL PLANNING, BUDGETING, LABEL READING AND NUTRITION. 1760042 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 109 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MA X MICHAEL MALMBERG 6175068970 420 WASHINGTON STREET DORCHESTER MA 02124 X MICHAEL MALMBERG COO 40.00 X 128714 0 2489 DOUGLAS RAUCH CHAIRMAN 1.00 X X 0 0 0 JOSE ALVAREZ TREASURER AND CLERK 1.00 X X 0 0 0 JAY MARTIN DIRECTOR 1.00 X 0 0 0 BILL WALCZAK DIRECTOR 1.00 X 0 0 0 DAVID MERSKY DIRECTOR 1.00 X 0 0 0 KATRINA FOSTER DIRECTOR 1.00 X 0 0 0 SCOTT FINLOW DIRECTOR 1.00 X 0 0 0 JIM BILDNER DIRECTOR 1.00 X 0 0 0 128714 0 2489 1 0 0 0 0 3406421 3406421 6 6 3240560 2927593 312967 312967 MISCELLANEOUS INCOME 445100 10362 10362 10362 3729756 323329 0 6 1137045 644659 417001 75385 50739 24203 26536 58378 2488 48857 7033 40419 38809 1610 8046 2485 5359 202 143055 51956 87847 3252 3662 594 3068 502508 489202 13057 249 1456 234 1008 214 459707 459707 62235 62235 EQUIPMENT 81114 81114 BAD DEBT 3994 3994 2552358 1760042 701303 91013 145922 677138 10024 10030 100000 1300000 21408 39744 101129 67346 1707 2312535 1514284 1257958 798251 10000 10000 1648148 2902509 180265 72465 27946 212709 208211 285174 X 1226082 1085335 213855 1532000 1439937 2617335 1648148 2902509 1177398 0 X X 0 1 X 1 0 X 1753889 1716449 1849123 1425590 3406421 10151472 1753889 1716449 1849123 1425590 3406421 10151472 4127829 6023643 10 2 2 4 6 24 8660 2140 10362 21162 10172658 0.59210 0.60020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1636182 1069363 566819 668553 437833 230720 7800 7088 712 798251 DEFERRED RENT 12709 CONDITIONAL DEBT 200000 212709 X 3729756 0 3729756 0 3729756 2552358 0 2552358 0 2552358 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2019. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND TREASURER REVIEW A DRAFT OF THE 990 BEFORE FILING IT. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE MAY LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXCERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLE POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRSNSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPROATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS USED FOR DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION WAS A MARKET BASED DETERMINATION. BY REVIEWING CURRENT COMPENSATION FOR BOTH NPO'S WITH THE ESTIMATED $3-5 MILLION WE EXPECTED IN THE FIRST COUPLE OF YEARS OF OPERATING, COMBINED WITH THE COMPETITIVE SALARY FOR COMPARABLE EXPERIENCE AMONG RETAIL EXECUTIVES, WE OFFERED OUR EXECUTIVE DIRECTOR DURING 2016 A BEGINNING SALARY THAT WAS WELL WITHIN THE MEDIAN OF THIS RANGE. THIS POSITION WAS NOT FILLED IN 2018. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES OVERSIGHT OF THE AUDIT.