SFMade Inc

Nonprofit profile at a glance

EIN
272850703
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
4154085605
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$1,478,993
Expenses
$1,928,561
Assets
$1,667,474
Liabilities
$551,242

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Linda Becker (CEO-Ended April 24)
  • Stephen Sellers (CEO)

Highest reported compensation

  • Medo Nasry (Controller- Upto Nov 24): $166,420 total reported compensation
  • Stephen Sellers (CEO): $157,500 total reported compensation
  • Jefferson McCarley (Chief Program Officer): $144,023 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to help manufacturers thrive, innovate, and create good jobs, for a more diverse and sustainable Bay Area.

What it reported doing in 2024

SFMade provides local manufacturers in the San Francisco Bay area the resources to grow, and create employment opportunities for low-income individuals, with a focus on people of color, immigrants, and women. In 2020, SFmade served over 700 manufacturers, providing them with more than 1,700 hours of 1-on-1 advisory services to help them recover and rebuild. SFmade also works directly with manufacturers to help them to prepare for and hire from the local workforce. Our workforce programs serve both adults with significant barriers to employment and low-income youth by placing them directly into training, paid internships, and full-time employment. Finally, our regional policy/practice programs engage key stakeholders across all 9 bay area counties - including local government, community organizations , and higher education -to create a robust regional manufacturing sector by fostering regional collaboration and coordinating the covid crisis response from city governments to make sure manufacturing is a front and center priority and strategy to build a more inclusive and equitable economy.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.3%; rating input score 60
  • Program expense ratio: 45.4%; rating input score 45
  • Fundraising efficiency: $10.41 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -30.4%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 27.5%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 16.2% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 60.3% of revenue deployed · 45.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $876K in reported program spending
  • Leadership: top reported pay $166K · 11 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

Key Signals

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

  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • High — Sustainability: Operating margin scored 6/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.