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The Franco Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522172267 ✦ Silver spring, MD ✦ Designated as a 501(c)(3)

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Overview

What is The Franco Foundation?

The Franco Foundation is a nonprofit organization that extends its support to individuals in need, specifically focusing on providing essential living expenses and educational funding. Through their mission, they aim to alleviate financial burdens and enable individuals to pursue their educational goals. The Foundation's activities are centered around this mission, ensuring that those who require assistance can access the necessary resources to sustain their daily lives and further their education.

Is The Franco Foundation legitimate?

The Franco Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Franco Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Franco Foundation?

The Franco Foundation's mission is centered around providing essential support to individuals in need. Specifically, it focuses on providing financial aid for both living expenses and educational costs. By doing so, the foundation aims to contribute to the betterment of these individuals' lives, enabling them to continue their education and maintain a stable living situation. The organization's activities are guided by this mission, continually striving to provide the necessary financial assistance to those who require it.

Who is the CEO of The Franco Foundation?

Allan Franco is the President of The Franco Foundation.

What is the revenue of The Franco Foundation?

The Franco Foundation's revenue in 2023 was $168,864.

Who are the executives of The Franco Foundation and what are their salaries?


There is 1 key member and their salary:


Allan Franco (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Franco Foundation?

The Franco Foundation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of The Franco Foundation

The Franco Foundation, as a committed organization, is dedicated to providing essential living and educational expenses for individuals in need. Its mission is geared towards alleviating financial burdens, enabling individuals to focus on their studies and improve their livelihoods. By offering financial support, The Franco Foundation plays a vital role in empowering those who are less fortunate, providing them with the resources necessary to build a better future.

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Impact




October, 2024

The Franco Foundation significantly impacts individuals by alleviating financial burdens associated with living and educational expenses. By providing essential support to those in need, the foundation enables recipients to focus on their personal and academic growth without the constant worry of financial strain. Based in Silver Spring, MD, The Franco Foundation's commitment to philanthropy fosters a sense of community and empowerment, helping individuals achieve their goals and improve their quality of life. This targeted assistance not only enhances educational opportunities but also promotes overall well-being, contributing to stronger, more resilient communities.




This information is meant to be a general summary of The Franco Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$168,864 (2023)
Expenses
$142,843 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $168,864

Assets and Liabilities:

  • Total Assets: $238,775
  • Total Liabilities: $0
  • Net Assets: $238,775

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Organization Details

Founding Year

2000

Principal Officer

Allan Franco

Main Address

613 BROMLEY STREET, Silver Spring, MD, 20902

NTEE Category

Code: T30 - Philanthropy

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