Overview
What is Sfmade Inc?
Sfmade Inc, based in San Francisco, California, serves as a nonprofit organization dedicated to empowering local manufacturers in the Bay Area. Their primary goal is to aid these businesses in growth and employment generation, particularly for individuals with barriers to employment, such as people of color, immigrants, and women. In 2020, Sfmade Inc assisted over 700 manufacturers, offering them over 1,700 hours of one-on-one advisory services to help them recover and rebuild. The organization directly works with manufacturers to prepare them for hiring from the local workforce, and their workforce programs cater to both adults and low-income youth, providing them with training, internships, and full-time employment opportunities. Additionally, Sfmade Inc collaborates with key stakeholders across the Bay Area to foster a robust regional manufacturing sector, ensuring that manufacturing remains a priority in the area's economic strategy to build a more inclusive and equitable economy.
Official website here: www.sfmade.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Sfmade Inc has achieved a remarkable 97% rating from Charity Navigator, highlighting its strong performance in accountability and finance as well as cultural and community engagement. The organization scored 83% in these areas, with individual scores of 96% for accountability and finance, and a perfect 100% for culture and community, which indicates effective management and a solid commitment to community values.
One of the standout strengths of Sfmade Inc is its governance, featuring a board composed entirely of independent members, which enhances its credibility and oversight. The financial health of the organization is also commendable, with a program expense ratio of 81.53%, indicating that a significant portion of its resources directly supports its mission. Furthermore, the organization has established comprehensive policies, including a conflict of interest policy, whistleblower policy, and document retention, all of which are vital for operational integrity.
Despite its high ratings, the data does not highlight any significant limitations. The organization's low liabilities-to-assets ratio of 22.29% further suggests financial stability, allowing Sfmade Inc to continue its impactful work in the community without major concerns regarding debt. Overall, the evaluation points to a well-managed nonprofit dedicated to its mission and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Sfmade Inc legitimate?
Sfmade Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sfmade Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $598,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $685,855
For more financial information, click here
Official website here: www.sfmade.org
What is the mission statement of Sfmade Inc?
Sfmade Inc's mission is centered around building and supporting a thriving local manufacturing sector. This involves sustaining companies that produce locally-made products, encouraging entrepreneurship and innovation, and creating employment opportunities for a diverse workforce. The organization provides resources to local manufacturers in the San Francisco Bay Area, helping them grow and offering employment opportunities, particularly for individuals who have overcome barriers to employment, focusing on underrepresented groups such as people of color, immigrants, and women. In 2020, Sfmade served over 700 manufacturers, offering them over 1,700 hours of advisory services to aid in recovery and rebuilding. The organization also collaborates with manufacturers to prepare them for hiring from the local workforce and offers workforce programs for adults and low-income youth, placing them in training, internships, and full-time employment. Furthermore, Sfmade engages key stakeholders across various regions to foster collaboration and coordinate the COVID-19 crisis response, ensuring that manufacturing remains a priority in building a more inclusive and equitable economy.
Official website here: www.sfmade.org
Who is the CEO of Sfmade Inc?
Linda Becker is the Board Member of Sfmade Inc. The CEO's salary of Sfmade Inc is $75,395 and their total compensation is $86,645.
Official website here: www.sfmade.org
What is the revenue of Sfmade Inc?
Sfmade Inc's revenue in 2022 was $1,730,306.
Official website here: www.sfmade.org
Who are the executives of Sfmade Inc and what are their salaries?
The average compensation at Sfmade Inc during 2022 was $75,555. There are 17 employees at Sfmade Inc.
Here are 14 key members and their salaries (Sfmade Inc's CEO's salary is $75,395 and their total compensation is $86,645):
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- Compensation: $139,841
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- Other: $9,950
- Compensation: $82,440
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- Other: $8,460
- Compensation: $147,849
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- Other: $7,117
- Compensation: $153,055
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- Other: $7,166
- Compensation: $75,395
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- Other: $11,250
- Compensation: $102,262
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- Compensation: $120,997
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Official website here: www.sfmade.org
Where can I find the form 990 for Sfmade Inc?
Sfmade Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfmade.org
Learn more at the official website: www.sfmade.org
Mission Statement of Sfmade Inc
Sfmade Inc, with a mission to build and support a thriving manufacturing sector, aims to sustain local businesses producing locally-made products, encourage entrepreneurship and innovation, and create employment opportunities for a diverse local workforce. The organization's primary goal is to provide resources to manufacturers in the San Francisco Bay Area, enabling them to grow and create employment opportunities, particularly for individuals who have faced barriers to employment, such as people of color, immigrants, and women.
In 2020, Sfmade Inc served over 700 manufacturers, offering them over 1,700 hours of one-on-one advisory services to assist them in recovering and rebuilding. The organization works directly with manufacturers to prepare them for hiring from the local workforce, serving both adults with significant barriers to employment and low-income youth through training, internships, and full-time employment opportunities.
Sfmade Inc's regional policy/practice programs engage key stakeholders across all nine Bay Area counties, including local governments, community organizations, and higher education institutions. By fostering regional collaboration and coordinating the COVID-19 crisis response, the organization aims to create a robust regional manufacturing sector and make sure that manufacturing is a top priority in building a more inclusive and equitable economy.
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Impact
October, 2024
Sfmade Inc significantly impacts the San Francisco Bay Area by bolstering local manufacturers and fostering job creation, particularly for individuals who have faced barriers to employment. By connecting local manufacturers with the resources needed for growth, Sfmade not only supports economic resilience but also promotes equitable career pathways for low-income residents, including people of color, immigrants, and women.
The organization engages directly with over 700 manufacturers, providing extensive advisory services to help them recover and thrive. These efforts not only enhance the manufacturing sector's stability but also create numerous employment opportunities. Sfmade's innovative programs, which include internships and training for both adults and youth, ensure that individuals from diverse backgrounds gain early exposure to the manufacturing field. This approach cultivates a skilled workforce that is ready to meet the demands of local industry.
Furthermore, Sfmade collaborates with various stakeholders across the Bay Area, including local governments and community organizations, to strengthen the regional manufacturing landscape. By facilitating a collective response to challenges, such as the COVID-19 pandemic, Sfmade emphasizes the importance of manufacturing in building an inclusive economy. Through these initiatives, Sfmade Inc plays a crucial role in promoting community improvement and enhancing the overall vibrancy and resilience of the local economy.
This information is meant to be a general summary of Sfmade Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $39,837
- Gross Receipts: $1,747,539
Assets and Liabilities:
- Total Assets: $2,183,444
- Total Liabilities: $486,842
- Net Assets: $1,696,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANUFACTURING SECTOR S
Revenue
$39,837
Organization Details
Founding Year
2010
Phone
(415) 408-5605Principal Officer
Linda Becker
Main Address
150 HOOPER STREET 200, SAN FRANCISCO, CA, 94107
Website
www.sfmade.orgNTEE Category
Code: S31 - Community improvement
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