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Fork Food Lab

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454116596 ✦ South portland, ME ✦ Designated as a 501(c)(3)

Overview

What is Fork Food Lab?

Fork Food Lab is a nonprofit organization situated in South Portland, Maine, specifically at 95 Darling Avenue, ZIP code 04106. Its primary mission is to foster the growth of local food businesses, particularly those that are sustainable and Maine-based. In 2022, they supported the establishment and growth of 50 businesses, with a notable emphasis on businesses founded and owned by women, accounting for 60% of the total. Additionally, 20% of these businesses are owned by BIPOC individuals. Most member businesses source a portion or all of their ingredients from local producers, further supporting the local economy. Fork Food Lab offers work space, equipment, and various resources to these entrepreneurs, aiming to strengthen the local food industry and encourage business success. They currently employ a team of 9 individuals.


Official website here: www.forkfoodlab.com

Is Fork Food Lab legitimate?

Fork Food Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fork Food Lab 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.

Here are some key statistics you may want to consider:

Executive Compensation: $60,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,517

For more financial information, click here


Official website here: www.forkfoodlab.com

What is the mission statement of Fork Food Lab?

Fork Food Lab aims to bolster the local food economy by serving as a nonprofit food business incubator and shared commercial kitchen. They provide essential resources, including workspaces and equipment, to encourage the growth of sustainable businesses, particularly those based in Maine. Their primary focus is on supporting entrepreneurs, with a significant portion of their businesses being women-led and BIPOC-owned. The majority of member businesses procure a portion or all of their ingredients from local producers, contributing to the overall growth and sustainability of the local economy.


Official website here: www.forkfoodlab.com

Who is the CEO of Fork Food Lab?

William Seretta is the Executive Director of Fork Food Lab.


Official website here: www.forkfoodlab.com

What is the revenue of Fork Food Lab?

Fork Food Lab's revenue in 2022 was $507,311.


Official website here: www.forkfoodlab.com

Who are the executives of Fork Food Lab and what are their salaries?

The average compensation at Fork Food Lab during 2022 was $34,113. There are 9 employees and 15 volunteers at Fork Food Lab.

Here are 12 key members and their salaries:

    William Seretta (Executive Director)
  • Compensation: $58,006
  • Related: $0
  • Other: $2,490

    • Matt Chin (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maeve Mcinnis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hema Narayan (Board Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Penny Jordan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Mccall (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Settlemire (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Monti (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Naylor (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Owens (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Hall (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael J Walker (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.forkfoodlab.com

    Where can I find the form 990 for Fork Food Lab?

    The Fork Food Lab’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.forkfoodlab.com

    Learn more at the official website: www.forkfoodlab.com

    Mission Statement of Fork Food Lab

    Fork Food Lab, a nonprofit organization, is dedicated to fostering the growth of local food businesses in a sustainable manner. By providing entrepreneurs with workspace, equipment, and essential resources, Fork Food Lab aims to support the establishment and expansion of Maine-based businesses. The organization's mission is to bolster the local food economy, encouraging the growth of businesses that prioritize sustainability. Notably, in the year 2022, Fork Food Lab assisted the development of 50 businesses, with a significant portion being woman-founded and owned, and a further 20% being owned by individuals from BIPOC communities. The majority of these member businesses source a portion or all of their ingredients from local producers, contributing to a thriving local economy.

    Impact

    This information is meant to be a general summary of Fork Food Lab. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    Fork Food Lab's impact can be seen in the significant support it provides to the local food economy in Maine. With a focus on sustainable businesses, Fork Food Lab has played a vital role in assisting the establishment and growth of 50 food businesses in 2022 alone. Notably, 60% of these businesses are founded and owned by women, while 20% are owned by BIPOC individuals. This demonstrates a commitment to diversity and inclusion within the local food industry. Additionally, many of the member businesses source their ingredients from local producers, further contributing to the sustainability and economic development of the region. Fork Food Lab's efforts are not only nurturing entrepreneurship but also fostering a thriving ecosystem of local, sustainable food businesses.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $246,960
  • Gross Receipts: $534,144

    • Assets and Liabilities:
  • Total Assets: $1,610,838
  • Total Liabilities: $2,107,987
  • Net Assets: -$497,149
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Membership Fees

    Revenue

    $246,960

    Organization Details

    Founding Year

    2011

    Principal Officer

    William Seretta

    Main Address

    95 Darling Avenue, South Portland, ME, 04106

    NTEE Category

    Code: C60 - Environment