Overview
What is Dv8 Kitchen Vocational Training Foundation Inc?
Dv8 Kitchen Vocational Training Foundation Inc, situated in Lexington, Kentucky, is a nonprofit organization that offers a second chance to individuals recovering from substance abuse. Their mission is to enable these individuals to acquire and maintain employment, thereby helping them break away from their previous lifestyle. The foundation provides vocational training, specifically in the culinary field, to facilitate employment opportunities. With a team of 20 dedicated employees, Dv8 Kitchen Vocational Training Foundation Inc aims to make a significant impact in the lives of those seeking a fresh start.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, 68%
Dv8 Kitchen Vocational Training Foundation Inc has received a rating of "Needs Improvement" with an overall score of 68% from Charity Navigator. This rating indicates that while the organization demonstrates some strengths in areas like accountability and financial transparency, there are still significant areas that require attention to enhance its effectiveness and impact.
One notable strength is the high program expense ratio of 97.17%, suggesting that a substantial portion of its funding is directed towards programs rather than administrative costs. Additionally, the organization boasts a fully independent board comprising 12 members, which reflects a commitment to governance and oversight. The absence of any material diversion of assets and the documentation of board meeting minutes further underscore its accountability.
However, the overall score indicates that there are areas for improvement, particularly in the Accountability & Finance category where it scored 67. This suggests potential weaknesses in financial practices that could affect the organization's sustainability and impact. Addressing these concerns could enhance its operational effectiveness and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Dv8 Kitchen Vocational Training Foundation Inc legitimate?
Dv8 Kitchen Vocational Training Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dv8 Kitchen Vocational Training Foundation 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: $177,761
For more financial information, click here
What is the mission statement of Dv8 Kitchen Vocational Training Foundation Inc?
The Dv8 Kitchen Vocational Training Foundation Inc's mission is centered around assisting individuals with a history of substance abuse. Their primary goal is to enable these individuals to secure and maintain employment, thereby helping them distance themselves from their previous lifestyle. This organization operates with the intention of providing a second chance at employment for individuals in the recovery process from substance abuse.
Who is the CEO of Dv8 Kitchen Vocational Training Foundation Inc?
Melissa Dean is the President of Dv8 Kitchen Vocational Training Foundation Inc.
What is the revenue of Dv8 Kitchen Vocational Training Foundation Inc?
Dv8 Kitchen Vocational Training Foundation Inc's revenue in 2022 was $563,428.
Who are the executives of Dv8 Kitchen Vocational Training Foundation Inc and what are their salaries?
The average compensation at Dv8 Kitchen Vocational Training Foundation Inc during 2022 was $8,888. There are 20 employees at Dv8 Kitchen Vocational Training Foundation Inc.
Here are 12 key members and their salaries:
- Compensation: $15,600
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- Other: $0
Where can I find the form 990 for Dv8 Kitchen Vocational Training Foundation Inc?
Dv8 Kitchen Vocational Training Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dv8 Kitchen Vocational Training Foundation Inc
Dv8 Kitchen Vocational Training Foundation Inc is committed to offering a second chance to individuals with a history of substance abuse. Their mission, in essence, is to empower these individuals by equipping them with the skills necessary to secure and maintain employment, thereby enabling them to break away from their past lifestyle. This nonprofit organization aims to serve as a catalyst for transformation, helping individuals overcome their addiction challenges and integrate back into society as productive members.
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Impact
July, 2024
Dv8 Kitchen Vocational Training Foundation Inc provides individuals with a history of substance abuse the opportunity to gain and maintain employment, enabling them to break away from their past lifestyle. Through their second chance employment program, they support individuals in their recovery journey by offering them vocational training and job opportunities. This initiative empowers individuals to rebuild their lives and create a brighter future for themselves.
This information is meant to be a general summary of Dv8 Kitchen Vocational Training Foundation 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.
- Investment Income: $4,177
- Program Service Revenue: $325,779
- Gross Receipts: $563,428
Assets and Liabilities:
- Total Assets: $380,195
- Total Liabilities: $52,581
- Net Assets: $327,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BAKERY
Revenue
$286,209
SOULFULL EVENTS
Revenue
$39,570
Organization Details
Founding Year
2017
Principal Officer
Melissa Dean
Main Address
405 RIDGEWAY ROAD, LEXINGTON, KY, 40502
NTEE Category
Code: B60 - Education
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