2017-11-02T12:33:41-05:00 2016-12-31 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2016-01-01 460673197 THE URBAN FOOD INITIATIVE INC URBA 6176202924 C/O DOUGLAS RAUCH 54 WILDE RD WABAN MA 02468 DOUGLAS RAUCH PRESIDENT 6176202924 2017-11-02 1 ALFONSO PERILLO P00950491 6172276161 2017-11-02 38.111.9.114 2017-11-02 11:47:21 ED P 0D76887A21FF303987ADF0E4D0B068FF6EB2BB99 0D76887A21FF303987ADF0E4D0B068FF6EB2BB99 2016 2021-01-29 14:40:06Z DAILY TABLE DOUGLAS RAUCH C/O DOUGLAS RAUCH 54 WILDE RD WABAN MA 02468 3547523 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 82 853 0 0 1753889 1716449 0 0 10 2 -254504 86335 1499395 1802786 0 0 0 0 320047 562527 0 0 39482 516090 722494 836137 1285021 663258 517765 1485196 1905600 272794 175433 1212402 1730167 X AT DAILY TABLE WE BELIEVE THAT DELICIOUS, WHOLESOME AND AFFORDABLE FOOD SHOULD BE AVAILABLE TO ALL. WE ARE ON A MISSION TO HELP COMMUNITIES MAKE GREAT CHOICES AROUND FOOD BY MAKING IT EASY FOR THEM TO CHOOSE TASTY, HEALTHY, CONVENIENT AND TRULY AFFORDABLE MEALS AND GROCERIES. AND WE DO THIS IN A RESPECTFUL MANNER THAT HONORS OUR CUSTOMER, ENGENDERING DIGNITY. 0 0 951129 86335 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. 951129 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 5 0 1 82 1 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 0 1 0 0 1 0 0 MA X ECRATCHIT INC 7813568050 625 GROVE STREET BRAINTREE MA 02184 DOUGLAS RAUCH PRESIDENT/DIRECTOR 1.00 X X 0 0 0 JOSE ALVAREZ TREASURER/CLERK/DIRECTOR 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 SCOTT FINLOW DIRECTOR 1.00 X 0 0 0 SHAWNA WILSON DIRECTOR 1.00 X 0 0 0 RUDOLF RUBENIS EXECUTIVE DIRECTOR 40.00 X 55379 0 0 55379 0 0 0 0 0 0 0 X 1716449 1716449 2 2 1831072 1744737 86335 86335 1802786 86335 0 2 55379 44303 11076 455222 293040 128262 33920 51926 34305 14171 3450 61116 61116 39426 34658 4421 347 24143 22832 1311 17056 2720 14234 102 916 916 239512 237548 1130 834 794 794 236559 234607 1123 829 22285 22285 KITCHEN RELATED EXPENSE 45406 45406 BANK CHARGES AND FEES 35281 35281 1285021 951129 294410 39482 281418 543419 10016 10018 110000 325000 35000 21408 20167 65264 83 1280590 350182 1018595 930408 10000 10000 1485196 1905600 210090 121793 62704 53640 272794 175433 X 1046802 964942 165600 765225 1212402 1730167 1485196 1905600 517765 0 X 0 1 X 0 0 X 85000 105000 966398 1753889 1716449 4626736 85000 105000 966398 1753889 1716449 4626736 2688985 1937751 11 3 10 2 26 4626762 2432139 X FORM 990 SCHEDULE A - SHORT YEAR THE ORGANIZATION WAS CREATED ON 7/25/2012. THEREFORE, THE 2012 TAX RETURN WAS FOR THE SHORT YEAR 7/25/12 - 12/31/12. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165600 1459500 859875 765225 268000 453000 555400 165600 304000 36000 268000 1.00000 0 0 858212 254742 603470 422378 95440 326938 930408 DEFERRED RENT 53640 53640 3614723 67200 1744737 1811937 1802786 0 1802786 3096958 67200 1744737 1811937 1285021 0 1285021 PART V, LINE 4: DURING THE YEAR ENDED DECEMBER 31, 2016, TEMPORARILY RESTRICTED NET ASSETS CONSISTED OF THE FOLLOWING: TIME RESTRICTIONS OF $431,029, RETAIL VEHICLE OF $9,101, NEW STORE OPENINGS OF $225,000, TEACHING KITCHEN OF $74,615, AND FELLOWSHIPS OF $25,481. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF RETAIL SALES 1,744,737. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF RETAIL SALES 1,744,737. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND TREASURER REVIEW A DRAFT OF THE FORM 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 EXERCISING 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 TRANSACTION 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 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 APPROPRIATE 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 A BEGINNING SALARY THAT WAS WELL WITHIN THE MEDIAN OF THIS RANGE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VIII, LINE 1G, NONCASH CONTRIBUTIONS DURING 2016, DAILY TABLE RECEIVED 459,337 POUNDS OF DONATED FOOD. MANAGEMENT ESTIMATED THAT THE DONATED FOOD INVENTORY HAS NO VALUE DUE TO THE EFFORT AND COST CONNECTED WITH RECOVERING, SORTING AND PROCESSING THE FOOD ITEMS. ACCORDINGLY, NO VALUE HAS BEEN ASSIGNED TO DONATED INVENTORY.