Overview
What is Filamemphis Inc?
Filamemphis Inc is a nonprofit organization, functioning under Section 501(c)(3) of the Internal Revenue Code, dedicated to delivering charitable, cultural, and educational services. One of their notable events is the annual Santa Cruzan presentation during Heritage Day, which is honored by both the city and county government. This event features various performances, including processions, musical talents, and other acts, attracting large audiences. Beyond events, Filamemphis Inc supports numerous organizations through charitable donations and extends a helping hand to families facing financial difficulties. Overall, their mission is to uplift the community through their diverse services, fostering cultural appreciation and community development.
Official website here: www@filamemphisinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 30%
Filamemphis Inc has received a Zero-Star out of Four Star rating from Charity Navigator, which indicates significant concerns regarding its operational transparency and overall accountability. While the organization excels in having a fully independent board, scoring 100% in both board independence and lack of asset diversion, it falters in other key areas, leading to a low overall score.
The accountability and finance score reveals critical gaps, particularly in policies and documentation. Notably, the charity is missing essential documents such as a conflict of interest policy, a whistleblower policy, and board meeting minutes. These deficiencies contribute to its poor rating and suggest a lack of robust governance practices.
Additionally, the organization's financial ratios are concerning, with a low program expense ratio of 48.30% and a liabilities to assets ratio of 0.00%. These metrics suggest that the charity may not be effectively allocating its resources toward its mission-driven activities, impacting its overall effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Filamemphis Inc legitimate?
Filamemphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Filamemphis Inc 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
Official website here: www@filamemphisinc.com
What is the mission statement of Filamemphis Inc?
Filamemphis Inc, as a charitable organization under Section 501(c)(3) of the Internal Revenue Code, is dedicated to serving both cultural and educational purposes. Their mission is to contribute to the community by providing charitable services. As part of their activities, they organize the Santa Cruzan cultural presentation during May, in conjunction with the Heritage Day proclamation by local government. This event showcases various performances, including processions and musical talents, attracting large audiences. Beyond this, Filamemphis Inc extends support to other organizations through charitable donations and offers aid to families facing financial difficulties.
Official website here: www@filamemphisinc.com
What is the revenue of Filamemphis Inc?
Filamemphis Inc's revenue in 2023 was $84,411.
Official website here: www@filamemphisinc.com
Who are the executives of Filamemphis Inc and what are their salaries?
There 18 volunteers at Filamemphis Inc.
Here are 19 key members and their salaries:
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Official website here: www@filamemphisinc.com
Where can I find the form 990 for Filamemphis Inc?
Filamemphis Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www@filamemphisinc.com
Learn more at the official website: www@filamemphisinc.com
Mission Statement of Filamemphis Inc
Filamemphis Inc, a nonprofit organization operating under Section 501(c)(3) of the Internal Revenue Code, is dedicated to serving charitable, cultural, and educational purposes. The mission of Filamemphis Inc is multifaceted, encompassing various aspects of community support. One of their key initiatives is the annual Santa Cruzan cultural presentation held in May as part of the Heritage Day proclamation by both the city and county government. During this event, adults and children showcase their talents through processions, music performances, and other acts, entertaining large audiences.
Beyond cultural events, Filamemphis Inc also extends its reach through charitable donations and aid to families experiencing financial hardships. Their altruistic efforts further support a variety of organizations, demonstrating their commitment to community wellbeing. This nonprofit organization is not only involved in cultural celebrations but also plays a significant role in uplifting its community by providing necessary assistance and resources to those in need.
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Impact
August, 2024
Filamemphis Inc's impact can be seen through its dedication to providing charitable, cultural, and educational services. The organization hosts a Santa Cruzan cultural presentation every May, showcasing the rich heritage of the Filipino community in Memphis. This event not only celebrates cultural traditions but also brings the community together in a festive and educational setting.
Moreover, Filamemphis supports various organizations through charitable donations and provides aid to families facing financial hardships. By actively engaging in philanthropic endeavors, Filamemphis is making a tangible difference in the lives of individuals and families in need.
Overall, Filamemphis Inc's impact reaches beyond just cultural preservation, extending to charitable contributions and community support, making it a valuable asset to the Memphis community.
This information is meant to be a general summary of Filamemphis Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $253
- Gross Receipts: $84,411
Assets and Liabilities:
- Total Assets: $55,946
- Total Liabilities: $0
- Net Assets: $55,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL
Revenue
$400
CULTURAL
Revenue
$70
Organization Details
Founding Year
2005
Principal Officer
Harry Guinocor
Website
www@filamemphisinc.comNTEE Category
Code: A23 - Arts
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