Overview
What is Karat Place Inc?
Karat Place Inc, situated in Memphis, Tennessee, is a nonprofit organization dedicated to providing transitional housing and rehabilitation services for ex-offender women. The primary goal is to improve their living standards and empower them to become active members of society, thereby reducing recidivism in the greater Memphis area. With a small team of three employees, Karat Place Inc offers a supportive environment and various programs tailored to equip these women with essential skills for a successful life post-incarceration.
Official website here: www.karatplace.org
Is Karat Place Inc legitimate?
Karat Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Karat Place 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: $78,006
For more financial information, click here
Official website here: www.karatplace.org
What is the mission statement of Karat Place Inc?
Karat Place Inc's mission is centered around providing housing for ex-offender women in an effort to facilitate their rehabilitation. The primary goal is to reduce recidivism in the wider community. This is achieved by offering these women a higher standard of living in transitional housing and implementing various programs designed to empower them. These programs aim to transform these women into active and responsible citizens who can contribute positively to society.
Official website here: www.karatplace.org
Who is the CEO of Karat Place Inc?
Andrea T Boykins is the Treasurer of Karat Place Inc. The CEO's salary of Karat Place Inc is $0 and their total compensation is $0.
Official website here: www.karatplace.org
What is the revenue of Karat Place Inc?
Karat Place Inc's revenue in 2022 was $155,838.
Official website here: www.karatplace.org
Who are the executives of Karat Place Inc and what are their salaries?
The average compensation at Karat Place Inc during 2022 was $26,002. There are 3 employees at Karat Place Inc.
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Official website here: www.karatplace.org
Where can I find the form 990 for Karat Place Inc?
Karat Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.karatplace.org
Learn more at the official website: www.karatplace.org
Mission Statement of Karat Place Inc
Karat Place Inc, a nonprofit organization, is dedicated to the rehabilitation of ex-offender women in an effort to lower recidivism rates within the Greater Memphis area. This is achieved through the provision of transitional housing and a series of empowering programs. By offering these women a higher standard of living, Karat Place Inc aims to equip them with the necessary tools to become contributing members of society once again. The organization's mission is multifaceted, encompassing not only the physical aspect of housing but also the emotional, social, and professional aspects, thereby fostering a holistic approach to their rehabilitation.
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Impact
October, 2024
Karat Place Inc significantly impacts the community in Greater Memphis by providing transitional housing specifically for ex-offender women. By offering a stable living environment, the organization plays a crucial role in rehabilitating these women, aiming to reduce recidivism rates. The housing provided is not just a roof over their heads; it represents a pathway to reintegration into society.
In addition to shelter, Karat Place Inc implements various empowerment programs designed to equip these women with the skills necessary for successful living. These programs focus on personal development, job readiness, and life skills, fostering a sense of self-sufficiency and community belonging. By addressing both housing and broader rehabilitation needs, Karat Place Inc empowers women to become contributing citizens, thereby positively influencing their families and the broader Memphis community. This holistic approach ultimately provides a safer and more stable environment, benefiting everyone in the area.
This information is meant to be a general summary of Karat Place 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: $18,549
- Gross Receipts: $155,838
Assets and Liabilities:
- Total Assets: $85,051
- Total Liabilities: $3,173
- Net Assets: $81,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Fees
Revenue
$18,549
Organization Details
Founding Year
1999
Principal Officer
Andrea T Boykins
Main Address
558 Boyd St, Memphis, TN, 381263606
Website
www.karatplace.orgNTEE Category
Code: I40 - Crime
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