Overview
What is Bonafide Inc?
Bonafide Inc, based in Oakland, California, is a nonprofit organization with five employees. Their mission is centered around supporting individuals who have been released from California State Prisons. They aim to provide these individuals with necessary material, emotional, and advocacy support, enabling them to transition smoothly back into society and lead healthy, productive lives. Their operations involve greeting and transporting these individuals, offering a crucial service during a critical phase of their lives.
Official website here: www.bonafidelife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61%)
Bonafide Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement within the organization. The overall rating reflects a mixed performance, particularly in the areas of accountability and finance, where it scored 57%. However, the organization excelled in leadership and adaptability, achieving a perfect score of 100%, showcasing strong governance and a commitment to adaptive strategies.
Despite the strengths in leadership, the nonprofit faces significant challenges in financial transparency and board governance. Key issues include a lack of independent board members, which could hinder objective oversight, and low scores in financial statement reporting. However, Bonafide Inc has been recognized for maintaining strong policies related to conflict of interest and whistleblower protections, which contribute positively to its operational integrity.
Overall, while Bonafide Inc demonstrates effective leadership and adaptability, it needs to address its financial accountability and governance structure to enhance its rating and organizational effectiveness. These improvements could ultimately strengthen its mission and foster greater trust among stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Bonafide Inc legitimate?
Bonafide Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonafide 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: $0
Professional Fundraising Fees: $16,870
Other Salaries and Wages: $207,111
For more financial information, click here
Official website here: www.bonafidelife.org
What is the mission statement of Bonafide Inc?
Bonafide Inc's mission is centered around providing support for individuals who have been incarcerated. Their objective is to aid these individuals in integrating back into society and leading healthy, productive lives. This support encompasses both material and emotional needs, as well as advocacy services. The company's mission is to ensure that these individuals can transition smoothly and establish a positive future for themselves. Their activities include greeting and transporting individuals being released from California State Prisons.
Official website here: www.bonafidelife.org
Who is the CEO of Bonafide Inc?
David Cowan is the Executive Director of Bonafide Inc.
Official website here: www.bonafidelife.org
What is the revenue of Bonafide Inc?
Bonafide Inc's revenue in 2022 was $760,007.
Official website here: www.bonafidelife.org
Who are the executives of Bonafide Inc and what are their salaries?
The average compensation at Bonafide Inc during 2022 was $41,422. There are 5 employees at Bonafide Inc.
Here are 6 key members and their salaries:
- Compensation: $106,826
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bonafidelife.org
Where can I find the form 990 for Bonafide Inc?
Bonafide Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bonafidelife.org
Learn more at the official website: www.bonafidelife.org
Mission Statement of Bonafide Inc
Bonafide Inc, a mission-driven organization, is committed to providing essential support to individuals who have been impacted by incarceration. Their goal is to facilitate their smooth transition back into society and help them establish healthy, productive lives moving forward. This support encompasses both material and emotional aid, as well as advocacy, ensuring that these individuals have the necessary tools to integrate successfully into their communities.
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Impact
July, 2024
Bonafide Inc's impact can be seen in the positive support they provide to individuals affected by incarceration. By offering material, emotional, and advocacy assistance, they help these individuals integrate into society and build healthy, productive lives. Through activities like gate pickup services for people released from California State Prisons, Bonafide Inc plays a crucial role in easing the reentry process and promoting successful transitions for those coming out of incarceration. Their dedication to this mission has a tangible impact on the lives of those they serve, offering hope and support in a challenging time.
This information is meant to be a general summary of Bonafide 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.
- Investment Income: $128
- Program Service Revenue: $54,444
- Gross Receipts: $760,007
Assets and Liabilities:
- Total Assets: $756,030
- Total Liabilities: $0
- Net Assets: $756,030
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Alameda County Probation Department
Revenue
$35,843
Mount Tamalpais College
Revenue
$18,601
Organization Details
Founding Year
2021
Phone
(415) 756-6125Principal Officer
David Cowan
Main Address
2626 Harrison St, Oakland, CA, 94612
Website
www.bonafidelife.orgNTEE Category
Code: I40 - Crime
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