Sprouts Inc
- Assets
- $512.1k
- Revenue
- $740.8k
- Investments
- $0.0
- Employees
- 8
- Location
- South San Francisco, CA
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 27-1130990
Organization Overview
Sprouts Inc is located in South San Francisco, CA. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Sprouts Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sprouts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sprouts Inc generated $740.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $572.3k during the year ending 12/2023. While expenses have increased by 23.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EQUIPPING YOUTH TO RISE FROM HARDSHIP THROUGH CULINARY TRAINING AND JOB PLACEMENT. YOUTH AT SPROUTS ARE PAIRED WITH A CHEF MENTOR AND WRAPAROUND PROGRAM TO DEVELOP THE VOCATIONAL SKILLS NEEDED TO SECURE AND MAINTAIN A CULINARY JOB. GRADUATES USE THESE ENTRY-LEVEL JOBS TO KICKSTART CULINARY CAREERS, PAY FOR EDUCATION, OR PURSUE NEW INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIPS/ CHEF TRAINING: VOCATIONAL CULINARY TRAINING PROGRAM FOR YOUNG ADULTS 16-23 YEARS OLD THAT TEACHES THEM THE ESSENTIAL CAREER SKILLS TO LAND A JOB IN THE CULINARY INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Rogers Executive Dir. | OfficerTrustee | 50 | $172,022 |
Katherine Garlinghouse President | OfficerTrustee | 4 | $0 |
Shenda Gu Director | Trustee | 4 | $0 |
Virginia Taylor Treasurer | OfficerTrustee | 4 | $0 |
Maricel Mojares-Moore Director | Trustee | 4 | $0 |
Michael Bauer Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $265,271 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,141 |
| Noncash contributions included in lines 1a–1f | $58,642 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,412 |
| Total Program Service Revenue | $45,000 |
| Investment income | $35,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,035 |
| Net Income from Fundraising Events | $93,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,272 |
| Compensation of current officers, directors, key employees. | $8,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,066 |
| Payroll taxes | $33,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,866 |
| Advertising and promotion | $6,500 |
| Office expenses | $3,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65 |
| Travel | $14,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,962 |
| All other expenses | $9,208 |
| Total functional expenses | $572,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,614 |
| Savings and temporary cash investments | $285,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $206,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,115 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $60 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,540 |
| Total liabilities | $13,600 |
| Net assets without donor restrictions | $498,515 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $512,115 |