Overview
What is Floreciendo?
Floreciendo is a nonprofit organization situated in Oakland, California, with a mission to promote economic equity and foster business ownership among low-income, refugee, and immigrant chefs, particularly those of color. They accomplish this through various initiatives such as the Open Test Kitchen, which offers coaching and support for food business ideas. Additionally, they are involved in incubating cooperative restaurant projects and providing access to a commercial kitchen and restaurant space to nurture these emerging concepts. Their objective is to empower these chefs, who often face barriers in accessing resources and opportunities, and establish a model for collective leadership in the food industry. The organization currently employs seven individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Floreciendo has earned a two-star rating on Charity Navigator, primarily assessed through its Accountability & Finance score. The organization demonstrates strong financial accountability, with a program expense ratio of nearly 85%, indicating that a substantial portion of its expenses are directed towards its programs rather than administrative costs.
However, the charity faces significant limitations regarding its financial transparency. It lacks published financial statements and has only two independent board members, which does not meet the ideal governance structure. While the organization has established essential policies for conflict of interest, whistleblower protection, and document retention, the missing financial documentation is a considerable drawback that affects its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Floreciendo legitimate?
Floreciendo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Floreciendo 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: $287,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Floreciendo?
Floreciendo, through its mission, aims to promote economic equity and establish opportunities for business ownership. This mission specifically targets poor and working-class refugee and immigrant chefs, as well as chefs of color. The organization accomplishes this by operating the Open Test Kitchen food incubator, providing coaching and necessary support. Additionally, Floreciendo is involved in the development of a cooperative restaurant project called Understory, offering technical assistance to emerging cooperative collective food businesses. Furthermore, the organization facilitates access to a commercial kitchen and restaurant space, allowing these business concepts to develop and grow.
Who is the CEO of Floreciendo?
Diana Wu is the Treasurer of Floreciendo.
What is the revenue of Floreciendo?
Floreciendo's revenue in 2022 was $510,407.
Who are the executives of Floreciendo and what are their salaries?
The average compensation at Floreciendo during 2022 was $41,029. There are 7 employees and 15 volunteers at Floreciendo.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Floreciendo?
Floreciendo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Floreciendo
Floreciendo, a mission-driven organization, aims to promote economic equity and foster business ownership opportunities for impoverished and working-class refugee and immigrant chefs, as well as chefs of color, in Oakland. To accomplish this goal, Floreciendo operates a food incubator program called Open Test Kitchen. This program provides essential coaching and backend support, helping to incubate cooperative restaurant projects. Moreover, Floreciendo supports emerging cooperative collective food businesses by offering technical assistance. By providing access to a commercial kitchen and restaurant space, Floreciendo enables these burgeoning business ideas to thrive and grow. Overall, Floreciendo is dedicated to empowering marginalized chefs and fostering a more equitable food industry in Oakland.
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Impact
July, 2024
Floreciendo's impact lies in advancing economic equity and creating pathways to business ownership for poor and working-class refugee and immigrant chefs, as well as chefs of color in Oakland. Through initiatives like the food incubator program Open Test Kitchen, coaching and backend support, incubating cooperative restaurant project Understory, and providing technical support to emerging collective food businesses, Floreciendo empowers individuals to develop and grow their food business ideas. By establishing a worker-led restaurant and commercial kitchen, Floreciendo offers opportunities for emerging food creatives who face barriers accessing resources and opportunities. Overall, Floreciendo's work not only supports the growth of diverse food businesses but also fosters a model for worker leadership in the community.
This information is meant to be a general summary of Floreciendo. 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: $236,797
- Gross Receipts: $510,407
Assets and Liabilities:
- Total Assets: $389,658
- Total Liabilities: $81,810
- Net Assets: $307,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Limited-service eating places - food sales with relation to programs
Revenue
$235,297
Honorarium for panel discussions and chef demonstration coordination.
Revenue
$1,500
Organization Details
Founding Year
2016
Principal Officer
Diana Wu
Main Address
1721 BROADWAY STE 201, OAKLAND, CA, 946122124
NTEE Category
Code: J22 - Employment
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