Overview
What is Friends In Knead Inc?
Friends In Knead Inc is a nonprofit organization situated in Fenton, Missouri. Their primary mission is to offer critical financial aid to Panera associates encountering severe and unexpected emergencies. This assistance can include assistance for unforeseen hardships such as natural disasters, sick family members, funeral expenses, emergency travel, and matching grants for those who do not fall under other categories. The fund is maintained through voluntary donations from Panera's more than 55,000 associates, Panera Bread (BC) ULC, and Bakery Cafe Cards, LLC. Friends In Knead's reach extends to these associates, providing them with much-needed financial support during challenging times.
Official website here: www.panerafriendsinknead.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
Friends In Knead Inc has received a low rating of 56% from Charity Navigator, which reflects significant concerns regarding its accountability and financial practices. The organization has a particularly concerning lack of independent board members, with 0% independence noted. Although it has not faced any material diversion of assets, the absence of crucial policies such as conflict of interest and whistleblower policies raises red flags about governance practices.
On a positive note, the nonprofit exhibits a strong program expense ratio of 92.91%, indicating that a large portion of its expenditures goes directly towards its programs. Additionally, the organization maintains a favorable liabilities to assets ratio of 0.46%, suggesting a solid financial standing in terms of asset management. However, the lack of transparency in financial documentation, including the absence of tax forms on its website, diminishes trust in its operations.
In summary, while Friends In Knead Inc does well in directing funds towards its mission, the overall governance structure appears weak, and the absence of critical organizational policies could undermine its effectiveness and ethical standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Friends In Knead Inc legitimate?
Friends In Knead Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends In Knead 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.panerafriendsinknead.com
What is the mission statement of Friends In Knead Inc?
Friends in Knead Inc. serves a crucial role by offering financial aid to Panera associates encountering severe and unforeseen emergencies. The organization's mission is grounded in the voluntary donations received from the extensive network of over 55,000 associates associated with Panera, LLC, Panera Bread (BC) ULC, and Bakery Cafe Cards, LLC. The Friends in Knead fund extends aid to more than 140 associates, addressing hardships such as natural disasters, family health issues, funeral expenses, emergency travel, and matching grants for those who do not fall under other categories. Remarkably, this support extends beyond the core hardship categories, as fellow associates raise funds to aid their colleagues in need.
Official website here: www.panerafriendsinknead.com
Who is the CEO of Friends In Knead Inc?
Kj Payette is the President of Friends In Knead Inc.
Official website here: www.panerafriendsinknead.com
What is the revenue of Friends In Knead Inc?
Friends In Knead Inc's revenue in 2022 was $469,950.
Official website here: www.panerafriendsinknead.com
Who are the executives of Friends In Knead Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.panerafriendsinknead.com
Where can I find the form 990 for Friends In Knead Inc?
Friends In Knead Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.panerafriendsinknead.com
Learn more at the official website: www.panerafriendsinknead.com
Mission Statement of Friends In Knead Inc
Friends in Knead, a nonprofit organization, is dedicated to providing critically needed financial assistance to Panera associates who are facing severe and unexpected emergencies. The mission of Friends in Knead is supported through voluntary donations from the over 55,000 associates who are a part of Panera, LLC, Panera Bread (BC) ULC, and Bakery Cafe Cards, LLC. This organization extends a helping hand to associates who are grappling with hardships that are beyond their control, such as natural disasters, care of an ill family member, funeral expenses, emergency travel, and even offers matching grants for those who do not fall into other hardship categories. In cases where associates face challenges not covered by the aforementioned categories, their fellow associates often rally together to raise funds and offer aid to their colleague in need.
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Impact
July, 2024
Friends In Knead Inc's impact is profound, as it provides critically needed financial assistance to Panera associates facing severe and unexpected emergencies. Through voluntary donations from over 55,000 associates within the Panera family, this organization has supported more than 140 associates facing hardships such as natural disasters, caring for ill family members, funeral expenses, emergency travel, and other unforeseen challenges. Additionally, Friends In Knead offers matching grants to associates in need, further demonstrating their commitment to aiding individuals in times of crisis. Their focus on public safety through financial support showcases their dedication to assisting fellow associates during challenging times.
This information is meant to be a general summary of Friends In Knead 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: $26,628
- Gross Receipts: $469,950
Assets and Liabilities:
- Total Assets: $2,096,700
- Total Liabilities: $9,851
- Net Assets: $2,086,849
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Organization Details
Founding Year
2011
Phone
(314) 984-1000Principal Officer
Kj Payette
Main Address
1400 S Highway Drive Suite 100, Fenton, MO, 63026
Website
www.panerafriendsinknead.comNTEE Category
Code: M20 - Public safety
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