Overview
What is Faholo Foundation Inc?
Faholo Foundation Inc, based in Baltimore, Maryland, serves as a supporting entity for the Baltimore Community Foundation, Inc. Their primary role is to distribute grants to non-profit organizations, contributing to various charitable causes. The foundation performs planning functions and offers assistance to further the objectives of the Baltimore Community Foundation, Inc. By doing so, Faholo Foundation Inc plays a crucial role in strengthening the community and addressing societal needs through financial aid to eligible non-profit organizations.
Is Faholo Foundation Inc legitimate?
Faholo Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faholo Foundation 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
What is the mission statement of Faholo Foundation Inc?
The Faholo Foundation Inc's primary mission is to support the charitable objectives of the Baltimore Community Foundation Inc. This is accomplished by distributing grants to various non-profit organizations. The foundation works towards achieving this mission by receiving and managing funds, performing planning tasks, and offering additional assistance. Their main purpose is to help the Baltimore Community Foundation Inc. fulfill its charitable goals by granting funds to eligible organizations.
Who is the CEO of Faholo Foundation Inc?
Dr Shanaysha Sauls is the President of Faholo Foundation Inc.
What is the revenue of Faholo Foundation Inc?
Faholo Foundation Inc's revenue in 2022 was $139,240.
Who are the executives of Faholo Foundation Inc and what are their salaries?
There 1 volunteer at Faholo Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $275,790
- Other: $55,509
- Compensation: $0
- Related: $187,286
- Other: $7,818
- Compensation: $0
- Related: $47,259
- Other: $12,921
Where can I find the form 990 for Faholo Foundation Inc?
Faholo Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Faholo Foundation Inc
The Faholo Foundation Inc is dedicated to upholding the charitable objectives of the Baltimore Community Foundation Inc by distributing grants to various non-profit organizations. With this primary mission, the foundation aims to contribute to the Baltimore Community Foundation's goal of providing assistance and support. To achieve this, the Faholo Foundation Inc receives and manages funds, performs planning tasks, and provides additional help in any way necessary. By carrying out these functions, the foundation plays a crucial role in supporting the noble causes of various non-profit organizations in the community.
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Impact
October, 2024
Faholo Foundation Inc significantly enhances the Baltimore community by facilitating the distribution of grants to various nonprofit organizations. By administering funds and performing essential planning functions, it plays a crucial role in supporting charitable initiatives that address local needs. Its efforts directly contribute to the development and sustainability of nonprofits, fostering growth in areas such as education, healthcare, and community development. Through these actions, Faholo Foundation Inc strengthens community resources and empowers organizations dedicated to making a positive impact in Baltimore.
This information is meant to be a general summary of Faholo Foundation 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 2022.
- Investment Income: $132,740
- Gross Receipts: $280,589
Assets and Liabilities:
- Total Assets: $717,396
- Total Liabilities: $936
- Net Assets: $716,460
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Organization Details
Founding Year
1998
Phone
(410) 322-4171Principal Officer
Dr Shanaysha Sauls
Main Address
11 EAST MOUNT ROYAL AVE 2ND FLOOR, BALTIMORE, MD, 21202
NTEE Category
Code: T113 - Philanthropy
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