South Bronx Overall Economic Development Corporation
South Bronx Overall Economic Development Corporation
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More about this organization
Mission
SoBro is dedicated to enhancing the quality of life in the South Bronx by strengthening businesses, and creating and implementing innovative economic, housing, educational and career development programs, for youth and adults.
About
The Youth Development and Education Department provided after-school, summer youth employment, and out-of-school youth services to 1,955 young people between the ages of 5 and 24. In-school and after-school programs assisted a total of 1,258 elementary, middle and high school students with homework and tutoring, college preparation, arts and cultural activities, and leadership development. Additionally, summer internships were provided to over 1,163 youth through our SYEP program and 148 for SYEP/WLH program during the winter. Participants were provided academic support, career awareness training, work skills development, and leadership training. The SoBro Transformation Academy, which is a combination of the YouthBuild program and Young Adult Justice Scholars program, serves at-risk young adults to earn their high school equivalency (HSE) diploma, learn construction and job-readiness skills, and resolve personal barriers to success with our master social worker. We have also acquired a YouthBuild site in Harlem as we as a Starbucks Foundation and YouthBuild USA funded barista training program, which will provide additional vocational training opportunities for the out-of-school youth. SoBro served 89 participants last year. Young adults participating in the Transformation Academy continue to be offered entrepreneurial and vocational training opportunities, through our innovative social enterprises: SoBrox Gro Urban Farm: where you learn about the basics of urban farming through the operation of a hydroponic rooftop farm and the SoBronx Print Shop: where the youth learn screen printing and entrepreneurial concepts through the operation of a business located in the basement of Venture Center, SoBro's small business incubator.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Our mission is to enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational, and career development programs for youth and adults. sobro was founded in 1972 by a group of business executives and community leaders. our task was urgent: reverse the flight of businesses and jobs from the south bronx. it was the first and most fundamental step toward rebuilding a community whose name evoked images of burned buildings, crime, poverty and drugs. but as sobro began to evolve, it became clearer that community revitalization required a multi-faceted effort. today, we address all aspects of community development: assisting businesses to get started and grow, training residents according to the needs of employers, offering opportunities for youth to learn and develop, and creating affordable housing and commercial spaces that reverse blight in the community.”.
When outlining its functions, they were explained as: “Sboedc's mission is to enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational and career development programs for youth and adults.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as NY.
- The filing records the non-profit's address for 2020 as 555 BERGEN AVE, BRONX, NY, 10455.
- As of 2020, the non-profit's form reports a total of 492 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$2,743,715.
- The organization has 18 independent voting members.
- The organization was formed in 1972.
- The organization pays $8,521,430 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.