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Our Finances
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As a social enterprise, PIP earns half of our budget from sales in our catering, restaurant and gift product businesses. This means we match every donation 1:1.
We fundraise the rest through:
- Fundraising events (Sweetheart Raffle, Brunch, pizza parties and Jazz for Peace)
- Grants
- Individual donations from over 900 donors who support our mission.
We steward our money very carefully. Our trainees are paid; one third of our budget returns directly to these our trainees as stipends to meet some of their basic needs. These funds are spent on necessities like rent, diapers and food in low income communities of Cincinnati.
Another large and unusual expense is for the food that we purchase as raw materials for the restaurant and catering. Food costs are generally about 45% of the sale price of the final purchased meal.
We also have to pay our staff; there can be no training without trainers. These costs are offset because the Sisters of Notre Dame de Namur provides our catering director at no cost to PIP, and provides a grant toward the cost of our catering assistant; we also make use of theNotre Dame Mission Volunteers Americorps program to provide our volunteer/tutoring coordinator; and we make heavy use of volunteers for many administrative, fundraising and programmatic functions.
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Our Finances
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The IRS Form 990 is the tax form filed each year with the federal government to determine our nonprofit, tax exempt status. |
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Financial statements from our accounting firm, Collins, Heeb, Miller:
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Our Annual Report provides pie charts of our income sources and expenditures as well as lists of donors.
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Our budget shows what we hope to earn and spend this year.
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Please Donate ONLINE:
Or Donate by mailing a check to:
Power Inspires Progress
727 Ezzard Charles Drive
Cincinnati, OH 45203
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Your donation will help broaden the horizons of inner city adults struggling to enter the workforce.
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Because PIP is a 501(c) (3) organization, donations are tax deductible.
Whether large or small
your gift is very much appreciated!
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