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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Fork Food Lab has received a One-Star rating from Charity Navigator, reflecting concerns primarily in its financial accountability and transparency. While the organization boasts a fully independent board and a strong program expense ratio, its lack of published financial statements and missing key policies such as a whistleblower policy and document retention guidelines have contributed to its low score.
The organization shows strength in having independent board members and a solid commitment to program expenses, indicating that a significant portion of its resources is directed towards its mission. However, the absence of critical financial documentation raises questions about its overall fiscal health and governance practices.
Additionally, the liabilities to assets ratio signals potential financial instability, which could impact the organization's sustainability. Stakeholders might want to consider these factors when evaluating their support for Fork Food Lab, as transparency and prudent financial management are crucial for nonprofit effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fork Food Lab?
96% of 22 reviewers on Facebook recommend Fork Food Lab. Here is a summary of their reviews:
Many participants express excitement about their experiences, particularly highlighting specific events like the macaron workshop, which received enthusiastic praise. Reviewers appreciate the hands-on approach and the quality of instruction provided, suggesting that the sessions are both enjoyable and educational.
Overall, it seems that Fork Food Lab successfully provides engaging culinary experiences that resonate well with attendees. The shared enthusiasm indicates that it meets the expectations of those looking to enhance their cooking skills in a supportive environment.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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:
- Compensation: $58,006
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- Other: $2,490
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Official website here: www.forkfoodlab.com
Where can I find the form 990 for Fork Food Lab?
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.
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Impact
July, 2024
Fork Food Lab has had a significant impact on the local food economy in South Portland, Maine. By providing entrepreneurs with workspace, equipment, and resources, Fork Food Lab has supported the establishment and growth of 50 food businesses in 2022 alone. What sets Fork Food Lab apart is its commitment to diversity and sustainability, with 60% of the businesses being women-founded and owned, and 20% being BIPOC-owned. Additionally, most member businesses source their ingredients from local producers, thereby contributing to the growth of the local food ecosystem. In essence, Fork Food Lab's impact can be seen in the success and sustainability of the businesses it has nurtured, as well as in the positive environmental footprint created by promoting local sourcing practices.
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.
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: $246,960
- Gross Receipts: $534,144
Assets and Liabilities:
- Total Assets: $1,610,838
- Total Liabilities: $2,107,987
- Net Assets: -$497,149
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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
Website
www.forkfoodlab.comNTEE Category
Code: C60 - Environment
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