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New York BBB Wise Giving Report for
Greyston Foundation

A BBB Accredited charity

 



Expiration Date:
08/2016
Name:
Greyston Foundation
Address:
21 Park Avenue
Yonkers, NY 10703
Phone:
914-376-3900
Year, State Incorporated:
1993, New York
Affiliates:
Greyston Bakery Inc.
Stated Purpose:
" Grounded in a whole-person approach, which we call PathMaking, Greyston Foundation, a pioneer in social enterprise, creates jobs and provides integrated programs for individuals and their families to move forward on their path to self-sufficiency. "





Evaluation Conclusions
 

              
Greyston Foundation meets the 20 Standards for Charity Accountability.




Programs
 

              
Greyston Foundation provides management services and raises funds for programs that provide community services throughout Yonkers, NY. Specifically, Greyston Family Inn of Yonkers provides permanent housing to community residents ranging in age from infancy to twenty-two years old and formerly homeless persons. The Inn also provides workforce development, child care, and technology programs. Greyston Health Services provides housing and community services to homeless persons living with HIV and AIDS. Another program provides affordable housing to low income families. The organization operates Greyston Bakery, which operates as a fully functioning bakery in Yonkers.



Governance
 

              
Chief Executive Officer:
Mr. Steven Brown, President/CEO
Compensation*:
$200,000
Chair of the Board:
Ms. Deborah Stewart
Board Size:
21
Paid Staff Size:
137



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals
Fund raising costs were 20.9% of related contributions. (Related contributions, which totaled $2,580,706, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Greyston Bakery Inc.'s Audited Financial Statements for the fiscal year ended December 31, 2013.

Source of Funds  

Sales - for profit operations net

$2,499,384

Service fees

2,081,532

Government grants

1,425,483

Contributions

1,155,223

Rental

826,507

Interest and other

372,913

Management fees

101,214

Total Income

$8,462,256

Program Expenses  

Program services

$5,149,480
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

5,149,480
538,883
959,367

$6,647,730

$1,814,526




Uses of Funds as a % of Total Expenses


Programs: 78%  Fund Raising: 8%  Administrative 14% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $10,069,961
Ending net assets 9,618,515
Total liabilities 10,356,395

Total assets

$19,974,910






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.