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Lucy J's Bakery Inc

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

EIN: 822457851 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Lucy J's Bakery Inc?

Lucy J's Bakery Inc, located in Memphis, Tennessee, is a nonprofit organization that specializes in providing job training and employment opportunities with living wages to parents aiming to move beyond homelessness. This bakery is deeply committed to supporting the local community by fostering personal growth and financial stability for its dedicated workforce. The organization also extends its efforts to collaborate with various local organizations, further strengthening its community ties.


Official website here: www.lucyjbakery.com

Is Lucy J's Bakery Inc legitimate?

Lucy J's Bakery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lucy J's Bakery 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: $197,496

For more financial information, click here


Official website here: www.lucyjbakery.com

What is the mission statement of Lucy J's Bakery Inc?

Lucy J's Bakery Inc. is committed to providing job training and employment opportunities with living wages to parents who are working towards transitioning out of homelessness. This bakery serves as a stepping stone, offering a supportive environment where individuals can gain valuable skills and secure stable employment. The bakery also extends its support to local community organizations.


Official website here: www.lucyjbakery.com

What is the revenue of Lucy J's Bakery Inc?

Lucy J's Bakery Inc's revenue in 2023 was $406,613.


Official website here: www.lucyjbakery.com

Who are the executives of Lucy J's Bakery Inc and what are their salaries?

The average compensation at Lucy J's Bakery Inc during 2023 was $12,344. There are 16 employees and 10 volunteers at Lucy J's Bakery Inc.

Here are 3 key members and their salaries:


Ed Cabigao (Board Of Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sr Maureen Griner (Board Of Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Ready (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lucyjbakery.com

Where can I find the form 990 for Lucy J's Bakery Inc?

Lucy J's Bakery Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lucyjbakery.com

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

Mission Statement of Lucy J's Bakery Inc

Lucy J's Bakery Inc, a notable organization, is committed to providing job training and employment opportunities with living wages to parents who are working to transition out of homelessness. The bakery serves as a beacon of hope, offering these individuals a chance to rebuild their lives and secure a stable future. By offering employment with living wages, Lucy J's Bakery Inc empowers these parents to regain their independence and self-sufficiency. Additionally, the bakery supports various local organizations throughout the community, extending its reach beyond just employment services.

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Impact




October, 2024

Lucy J's Bakery Inc plays a vital role in the community by offering job training and employment opportunities with living wages specifically designed for parents transitioning out of homelessness in Memphis, TN. By equipping individuals with essential skills and stable employment, the bakery empowers families to achieve financial independence and improve their quality of life. Additionally, Lucy J's Bakery actively supports local organizations, fostering a spirit of collaboration and community engagement. The bakery not only addresses immediate economic challenges but also contributes to the overall empowerment and stability of families, creating a positive ripple effect throughout the community.




This information is meant to be a general summary of Lucy J's Bakery 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.

Revenue
$406,613 (2023)
Expenses
$443,120 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $406,060
  • Gross Receipts: $406,613

Assets and Liabilities:

  • Total Assets: $189,539
  • Total Liabilities: $146,103
  • Net Assets: $43,436

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Programs

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

FOOD AND BEVERAGE SALES

Revenue

$406,060

Organization Details

Founding Year

2017

Principal Officer

Scott Ready

NTEE Category

Code: J22 - Employment

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