Overview
What is South Fork Bakery For The Special Needs Corp?
South Fork Bakery for the Special Needs Corp is a nonprofit organization located in Sag Harbor, New York (NY 11963). Their primary mission is to offer employment opportunities to individuals with special needs within the local community. The special needs employees are taught the skill of baking while earning wages. All profits derived from the sale of baked goods are reinvested back into the program, specifically to fund the wages of these employees. The organization is committed to providing a supportive environment that empowers these individuals, thereby contributing positively to their personal growth and development.
Official website here: www.southforkbakery.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
South Fork Bakery For The Special Needs Corp has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score, which is entirely based on the Accountability & Finance beacon, reflects a strong commitment to transparency and effective management, scoring 96% in this category.
The organization boasts a fully independent board with 100% of its members being independent, which enhances its governance structure. It has also demonstrated excellent financial stewardship, as indicated by a program expense ratio of 93.81%, meaning that the vast majority of its expenses directly support its mission. Additionally, the charity maintains various policies, including conflict of interest and whistleblower policies, which contribute to its accountability practices.
There are no noted limitations, as the nonprofit has shown no material diversion of assets and maintains a low liabilities to assets ratio of 6.15%. This financial soundness ensures that South Fork Bakery can continue to effectively serve individuals with special needs.
This AI summary has been generated from information found on Charity Navigator.
Is South Fork Bakery For The Special Needs Corp legitimate?
South Fork Bakery For The Special Needs Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Fork Bakery For The Special Needs Corp 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: $233,055
For more financial information, click here
Official website here: www.southforkbakery.org/
What is the mission statement of South Fork Bakery For The Special Needs Corp?
The South Fork Bakery for the Special Needs Corporation seeks to provide employment opportunities for individuals with special needs in the local community. These individuals are given the chance to learn the skill of baking while earning wages. Notably, all profits generated from the sale of baked goods are reinvested back into the program, primarily to fund the wages of these special needs employees. This initiative aims to empower and provide valuable work experience to individuals with special needs.
Official website here: www.southforkbakery.org/
Who is the CEO of South Fork Bakery For The Special Needs Corp?
Shirley A Ruch is the Board Member of South Fork Bakery For The Special Needs Corp.
Official website here: www.southforkbakery.org/
What is the revenue of South Fork Bakery For The Special Needs Corp?
South Fork Bakery For The Special Needs Corp's revenue in 2022 was $516,699.
Official website here: www.southforkbakery.org/
Who are the executives of South Fork Bakery For The Special Needs Corp and what are their salaries?
The average compensation at South Fork Bakery For The Special Needs Corp during 2022 was $7,283. There are 32 employees at South Fork Bakery For The Special Needs Corp.
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Official website here: www.southforkbakery.org/
Where can I find the form 990 for South Fork Bakery For The Special Needs Corp?
South Fork Bakery For The Special Needs Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southforkbakery.org/
Learn more at the official website: www.southforkbakery.org/
Mission Statement of South Fork Bakery For The Special Needs Corp
South Fork Bakery for the Special Needs Corp is dedicated to providing employment opportunities for individuals with special needs in the local community. This nonprofit organization offers a unique learning experience, allowing these individuals to master the art of baking while earning wages. The profits generated from the sale of baked goods are then reinvested back into the program, ensuring that wages continue to be funded. By doing so, South Fork Bakery for the Special Needs Corp not only provides a source of income for its employees but also contributes to their personal growth and development in the culinary field. This innovative approach not only empowers individuals with special needs but also supports the local community by providing high-quality baked goods.
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Impact
July, 2024
South Fork Bakery For The Special Needs Corp provides employment opportunities for special needs individuals in the local area. Through this initiative, special needs employees are able to learn the skill of baking while earning wages. The profits generated from the sale of baked goods are reinvested back into the program to fund wages. This impactful endeavor not only empowers individuals with special needs by providing them with meaningful employment but also contributes to their skill development and financial independence. In addition, by reinvesting profits back into the program, it ensures the sustainability and growth of the initiative, further benefiting the special needs community in the long run.
This information is meant to be a general summary of South Fork Bakery For The Special Needs Corp. 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: $223,915
- Gross Receipts: $516,699
Assets and Liabilities:
- Total Assets: $190,056
- Total Liabilities: $11,697
- Net Assets: $178,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$223,915
Organization Details
Founding Year
2018
Phone
(631) 725-1571Principal Officer
Shirley A Ruch
Main Address
3333 NOYAC ROAD, SAG HARBOR, NY, 11963
Website
www.southforkbakery.org/NTEE Category
Code: P82 - Human services
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