Mission:

TO DEVELOP JOB SKILLS FOR IMMIGRANT WOMEN THROUGH WORKFORCE AND MICRO-ENTERPRISE DEVELOPMENT TO HELP THEM ENTER THE WORKFORCE THUS IMPROVING THEIR PROSPECTS AND THOSE OF THEIR ... (More)


 www.hotbreadkitchen.org
 |  1590 PARK AVENUE New York NY 10029-1856

Hot Bread Kitchen Ltd. is headquartered in New York, NY, has an EIN of 26-3332972, and is a 501(c)(3) organization. Donations are tax-deductible.  It is classified by the IRS as a Charitable Organization, with a ruling year of 2009.

(Source: IRS Business Master File and Form 990)


...  ...  ...  ...  

Encompass Rating System by Charity Navigator


Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new measures and indicators, which we call Beacons. Check back often to see how this organization’s score changes.

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Overall Score (BETA)

100

out of 100

This charity's score is a passing score.

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This organization is potentially eligible for a Charity Navigator Star Rating. Vote Now to request to have our analyst team rate Hot Bread Kitchen Ltd. for a Star Rating. The organization currently has 13 votes.

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...   Finance & Accountability


Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.


Finance & Accountability Score (BETA)

100

out of 100

This charity's score is a passing score

This Beta V1 of Finance Score provides a baseline measure of an organization’s health including the indicators listed in the report below.

This score represents Form 990 data from latest filing year 2018.



Finance & Accountability Rating Highlights

Higher Effect on Score

Board Composition

16/16 Independent

We look for at least 3 board members, with more than 50% of members identified as independent.

Lower Effect on Score

Liabilities to Assets Ratio

16.05%

Charity Navigator looks for a ratio less than 50%.

No Effect on Score

Total Revenue

$5,505,161

Charity Navigator doesn’t evaluate revenue amounts or sources in Beta V1. An organization’s size can affect whether and how we evaluate other indicators.

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Finance & Accountability Report

100

of 100 points (BETA)

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Overview

Overview

The Finance and Accountability Score provides a basic measure for organizational health. At this time, it comprises 100% of a charity's Overall Score.

Program Expense Ratio

79.47%

Higher effect on score

More data  


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).


For a passing score, Charity Navigator looks for a ratio of 70% or higher. Charities in the 50%-70% range receive zero points for their Program Expense Ratio score. Charities that fall below 50% will receive zero points for both of their financial metric scores, Program Expense Ratio AND Liabilities to Assets Ratio.


Source: IRS Form 990

Board Composition

16/16 Independent

Higher effect on score


Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent.


Source: IRS Form 990

Independent Review/Financial Audit

Audited

Higher effect on score


For organizations larger than $1million in total revenue we expect to see that the charity completed an audit.


This indicator is not part of the score for organizations less than $250k in total revenue and is removed from the scoring methodology.


For charities under $1 million but over $250K in total revenue we expect to see that the charity completed an Audit, Review or Compilation.


Source: IRS Form 990

Liabilities to Assets Ratio

16.05%

Lower effect on score


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).


Charity Navigator looks for a ratio less than 50%.


Source: IRS Form 990

Website Listed

Listed

Lower effect on score


Charity Navigator looks for a website on the Form 990 as an accountability and transparency measure.


Nonprofits act in the public trust and reporting publicly on activities is an important component


Source: IRS Form 990

Data Sources

IRS Forms 990 are provided courtesy of Foundation Center.

...   Impact & Results


Charity Navigator will evaluate available data on the results that a nonprofit organization achieves towards delivering on its stated mission. There are many ways to assess such impact and we intend to experiment and develop leveraging various methodologies.


Impact & Results Score (BETA)

Coming Soon

Encompass Rating Beta V1 does not provide an evaluation of the organization's program impact and the results of its work. If a nonprofit organization submitted their self-report impact data to any of our partners it will be displayed below.



Impact & Results Rating Highlights

This organization's programs include:

Amount Spent
% of Program Expense
Program Description

$3,695,395

86%

IN 2018, HOT BREAD KITCHEN'S CULINARY WORKFORCE DEVELOPMENT PROGRAM PROVIDED 96 LOW-INCOME WOMEN FOUR WEEKS OF INTENSIVE CULINARY FUNDAMENTALS TRAINING AND SUPPORTIVE PROFESSIONAL DEVELOPMENT. OF WHIC ... (More)

$571,050

13%

IN 2018, HBK INCUBATES FIELDED 526 INQUIRIES FROM FOOD ENTREPRENEURS, OF WHICH 56 BUSINESSES APPLIED FOR MEMBERSHIP. A TOTAL OF 22 BUSINESSES WERE ACCEPTED AND 22 STARTED PRODUCING IN OUR COMMERCIAL K ... (More)

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Impact & Results Report

(Score Coming Soon)


This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Overview

Overview


Impact & Results data is available for this charity from one or more of our data partner organizations.

Impact & Results scores are not available in Encompass Rating System Beta V1.

GuideStar Gold Seal of Transparency

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact. GuideStar has recognized this organization with a Gold Seal of Transparency for voluntarily and publicly describing their goals, strategies, and accomplishments. Click here for more information.

Note: Encompass Rating Beta V1 does not incorporate impact data into a charity's rating.


What is your organization aiming to accomplish?

Building on our success and learnings, in 2017 Hot Bread Kitchen embarked on a three-year growth plan to quadruple the number of Culinary Training graduates annually (from 25 in 2016 to 100 in 2019). In brief, we accomplished this by adapting our six-month training program, where women spent all their time training at our bakery, to a four-month training model that relies on more active engagement with our employment partners. We have proven its success and have grown 2.5 times in one year; we are on schedule to meet our goal, with 100 women graduated by the end of 2019. Building on our plans for scale of our Business Incubator program, in 2018 we formed an Incubator Advisory Committee that is helping our program team to evaluate the smartest growth opportunities in terms of programming and offerings to both meet the needs of the member businesses and financially support the program’s operations and impact. Hot Bread Kitchen is aiming to accomplish the following in 2020: Continue to scale our Culinary Training Program and implement the following enhanced program elements that will help our clients achieve economic security: • Increase the number of women trained and placed in jobs by 10 percent for a total of 110 by year-end, • Develop a suite of upskilling trainings to help women advance in their careers by moving into hard to fill roles for employers. These trainings will provide added value to our employment partners and generate a new earned revenue stream for our organization, • Integrate financial awareness into our program by providing trainees with access to individualized financial coaching to develop action plans for short-term financial goals and work with graduates and their families to develop strategies for longer-term goals, and • Formal alumnae network to allow our graduates to continue to build their professional networks, which can translate into new job opportunities. Provide member entrepreneurs of our Business Incubator the essential business resources (access to a commercial kitchen and suite of wraparound business support) for our 90 women, minority and immigrant business owners. Additionally, support our next phase of growth, a new shared service to address what entrepreneurs consistently express is a significant pain point to a growing and sustaining their business—hiring and maintaining employees.


What are your strategies for making this happen?

For our Culinary Training program, we will implement the following program enhancements in 2020: • Upskilling our graduates with trainings offered through our employment partners in areas like business process, management skills, and additional professional readiness to advance wage mobility and transferable skills. • Integrating financial health programming into our training and retention activities to help trainees and graduates develop action plans for short-term and longer-term financial goals. All clients will receive 1:1 financial coaching sessions to help them identify their goals. And, have the option to receive ongoing coaching once they start working. • Formalizing our alumnae network, to support our graduates in building their own professional networks, which can translate into new job opportunities. • Building on our successes and our vision for the program, we will create a roadmap for replication, using learnings from our impact study, additional evaluation, and input from potential partners. For the next phase of growth for our Business Incubator program, we envision an extension of this shared platform to include new shared services to address what entrepreneurs consistently express is a significant pain point to growing and sustaining their businesses: hiring and maintaining employees. For an entrepreneur that is only hiring employees for shift work, or seasonally, the costs—and the time required to set up the appropriate systems—are prohibitive. As a result, many businesses find themselves stuck in a vicious cycle: they cannot afford to staff appropriately to be more strategic about pursuing the types of sales that would allow them to hire permanent staff. They remain in a reactive production cycle—and are not able to move into the growth mode of filling bigger orders with existing clients or pursuing new clients. This, in turn, prohibits small businesses from reaching the tipping point of creating sustainable full-time community jobs. We are currently in the Planning and Learning Phase (September-December 2019) that includes gathering qualitative/quantitative data from our current incubator businesses about their demand for labor/skills needed that are unique to a growing business and their current methods of finding talent. Researching the market of service providers in shared payroll and insurance provision, and nonprofit partners providing entrepreneurial support to identify potential partners that could provide these shared services; identifying different legal structures and pricing models, that will allow us to offer these services as a benefit of membership. Armed with the findings from our Planning and Learning Phase, in 2020 we will build and pilot the first part of the Talent Management Network solution—the shared labor pool—with access provided to members businesses as a benefit at a higher tier of the membership fee.


What are your organization's capabilities for doing this?

In early 2019, Hot Bread Kitchen kicked off its 10th anniversary year with the results of a longitudinal research study that evaluated our decade of impact on the individuals served, their families, and the communities where we operate. We have learned that for many of the women in our culinary training program, having stable employment allowed them to think about and plan for the future in a way that they were not able to previously. These findings highlighted for us that the path out of poverty and instability extends beyond the initial job placement. And, business owners shared joining our incubator program was a critical first step for them toward sustainable entrepreneurship, offering the room to experiment and produce, as well as expert guidance needed to grow their enterprise thoughtfully. To date, our Culinary Workforce Training program has supported more than 460 women from over 60 countries and placed 190+ in jobs at 60 bakeries and culinary businesses throughout New York City. Using employer feedback, we continue to refine our training to give our graduates the skills and attributes that employers value: coach-ability, adaptability, a sense of urgency, and a hunger to learn. As a result, our graduates are in demand—100 percent are placed in culinary jobs. We consistently have more demand from employers that we can meet. We have incubated 230 small food businesses that have created 370 full- and part-time jobs, and Hot Bread Kitchen has created 40 jobs at our social enterprise bakery. With just $18.4 million in philanthropic support over our history and more than $19 million in earned revenue from our social enterprise bakery and small business incubator, we have generated more than $104 million in economic impact in New York City metro area.


How will your organization know if you are making progress?

We will know if we are making program by achieving the following by the end of 2020: For the Culinary Training Program: • Upskilling: Offered training in partnership with key employment partners. Test and evaluate the process, including how the additional trainings contribute to career advancement and mobility. Explore a pricing strategy, as well as the process of supporting our employer partners in leveraging public funds that can cover some of the cost of training and wages for trainees (e.g., New York City Small Business Services customized training grants). • Financial Health/Wellness: Women will be fully banked, moving from un-banked or under-banked status to utilizing more fully the suite of services offered by banks, including direct deposit, automatic-savings, and digital tools for monitoring spending and credit scores. Additionally, a change of the women’s financial outlook and confidence measured by improvements in ratings on specific statements in their Consumer Financial Protection Bureau’s Financial Well-being Scale: handling unexpected expenses, securing a financial future, having enough money to last, and having the things that one wants in life. • Alumni: Launched a new peer-to-peer mentoring program, which we are piloting and iterating on in 2019. Alumnae support activities will include regular events and communications, the goal of which is to provide alumnae with valuable information about work and non-work related events and resources, including social services, public benefits, financial literacy, and how to manage workplace conflict. For the Business Incubator" • Gather feedback on the Incubator program’s pricing strategy and user experience of the share labor pool pilot that will inform iterations and help to finalize decisions on shared service solution for the roll-out of the Talent Management Services in 2021.


What have and haven't you accomplished so far?

Established in 2008, Hot Bread Kitchen is nationally recognized as a best-in-class model for addressing economic vulnerability and job creation with our signature workforce development program, small business incubator and social enterprise bakery. To date, our Culinary Workforce Training program has supported more than 460 women from over 60 countries and placed 190+ in jobs at 60 bakeries and culinary businesses throughout New York City. Using employer feedback, we continue to refine our training to give our graduates the skills and attributes that employers value: coach-ability, adaptability, a sense of urgency, and a hunger to learn. As a result, our graduates are in demand—100 percent are placed in culinary jobs. We consistently have more demand from employers that we can meet. We have incubated 230 small food businesses that have created 370 full- and part-time jobs, and Hot Bread Kitchen has created 40 jobs at our social enterprise bakery. With just $18.4 million in philanthropic support over our history and more than $19 million in earned revenue from our social enterprise bakery and small business incubator, we have generated more than $104 million in economic impact in New York City metro area. In early 2019, Hot Bread Kitchen kicked off its 10th anniversary year with the results of a longitudinal research study that evaluated our decade of impact on the individuals served, their families, and the communities where we operate. We have learned that for many of the women in our culinary training program, having stable employment allowed them to think about and plan for the future in a way that they were not able to previously. These findings highlighted for us that the path out of poverty and instability extends beyond the initial job placement. And, business owners shared joining our incubator program was a critical first step for them toward sustainable entrepreneurship, offering the room to experiment and produce, as well as expert guidance needed to grow their enterprise thoughtfully. Looking ahead, we project a need for $4.5 million annual philanthropic funds to support: 1. Ongoing program delivery and innovation to achieve deeper impact on the individuals and businesses that we serve. 2. Replication of our culinary training program in new geographies, using learnings from our impact study, additional evaluation, and input from potential partners. 3. Program evaluation to demonstrate the long-term impact of our work. 4. And, organizational infrastructure development to support program operations at scale.



ImpactMatters Data


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Note: Encompass Rating Beta V1 does not incorporate impact data into a charity's rating.


GlobalGiving


GlobalGiving is the largest global crowdfunding community connecting nonprofits, donors, and companies in nearly every country. For donors, GlobalGiving provides an additional layer of vetting and due diligence for each of its nonprofit partners every two years, which may include site visit verification. Learn more about GlobalGiving.


GlobalGiving Data is unavailable

We display the GlobalGiving ratings on particular programs of nonprofit organizations. Click here for more information about GlobalGiving ratings.

Note: Encompass Rating Beta V1 does not incorporate impact data into a charity's rating.


Classy


Classy created the Annual Classy Awards to recognize the innovative work of nonprofits around the world. Since 2009, thousands of organizations have been recognized through the Classy Awards. Nominees complete a data-driven framework that helps them to understand and articulate the impact of their programs.


...   Leadership & Adaptability


Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission.


Leadership & Adaptability Score (BETA)

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...   Culture & Community


Charity Navigator will provide an assessment of the organization’s people operations, connectedness and engagement with the constituents and communities served, and Diversity, Equity and Inclusion measures.


Culture & Community Score (BETA)

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