Bayaud Enterprises Inc

Nonprofit profile at a glance

EIN
840616970
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
Denver, CO, USA
Phone
3038306885
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Sheltered Employment

Official website

Reported finances

Revenue
$17,836,893
Expenses
$18,005,263
Assets
$8,455,081
Liabilities
$4,966,879

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • TAMMY BELLOFATTO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TAMMY BELLOFATTO (EXECUTIVE DIRECTOR): $168,866 total reported compensation
  • KIM POLICH (CONTROLLER): $93,991 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bayaud enterprises was founded in 1969 to alleviate barriers to self-sufficiency for adults living with mental health, intellectual and physical disabilities. Soon after, bayaud expanded services to single adults who are rebuilding from poverty, homelessness, past incarceration, or addictions. To reduce barriers to employment, bayaud provides comprehensive, culturally responsive, trauma-informed interventions to improve outcomes for constituents that advance self-sufficiency, health, and social well-being for those we serve. Bayaud also continues to establish and operate social enterprises creating jobs and job training for our constituents and generating revenue to support programming and general operations.

What it reported doing in 2023

Since 1981, bayaud enterprises has been creating jobs for our constituents, providing training for future employment, and generating revenue to support programming and general operations. Current ventures include: abilityone federal contracts that provide integrated competitive employment for disabled adults who work alongside non-disabled workers to perform the same job duties. More than one dozen federal agencies contract with bayaud to provide custodial, mailroom, warehouse management, and patient transport among other services. More than 75% of bayaud's 120 abilityone employees have one or more significant disabilities, and all have access to bayaud services.document & hard drive destruction services provide permanent jobs for employees living with disabilities that also generates revenue, new employment opportunities and has a positive environmental impact. Of the more than one dozen adults employed by this venture, 33% (6) have one or more documented disabilities. This nationally licensed operation serves 2,300 businesses to recycle and bale enough paper and other materials to save 25,000 trees and 10 million gallons of water annually.bayaud works creates jobs and job training to provide essential services that include: bayaud enterprises staffing team (best) a "try before you hire" temporary competitive staffing approach for commercial employers that reduces barriers for hiring a permanent employee by minimizing time commitment and costs to employers in comparison to other temporary staffing companies; environmental services include custodial and make-ready (unit-turn) services for residential and commercial, private, public and non-profit customers; that has created 18 new jobs for bayaud participants; andunarmed security services for private, public and non-profit customers.workforce development center (rehabilitation) provides individualized assessments for job placement including development of compensatory skills, resume/interview preparation, and vocational guidance for 300 adults with disabilities or other barriers to employment to become "competitively" employable. This program area also operates a product assembly microbusiness to provide temporary on-the-job training opportunities for people with disabilities to learn and grow work-related skills that produces 17,000 products for sale.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 71
  • Accountability: 91
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.5%; rating input score 87
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.9%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 8.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 7.2% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 87.5% of revenue deployed · 86.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $15.6M in reported program spending
  • Leadership: top reported pay $169K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.