Overview
What is Fearless Foundation?
The Fearless Foundation is a nonprofit organization, situated in Atlanta, Georgia, specifically at 1623 WESTWOOD AVE SE. Their primary focus is on investing in businesses led by women of color, offering support during pre-seed, seed level, or series A financing stages. Their mission is to bridge the financial gap in the venture capital industry for these entrepreneurs, aiming to help build scalable companies that create employment opportunities, generate revenue, and positively impact their communities. The Foundation provides essential resources such as capital, mentorship, education, and advocacy to empower these women entrepreneurs in their business ventures.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The Fearless Foundation has received a score of 75%, resulting in a Three-Star rating from Charity Navigator. This rating is based entirely on their Accountability & Finance metrics, reflecting a commitment to transparent financial practices and governance. The charity has achieved notable scores in several areas, including a fully independent board and no reported material diversions of assets.
Significant strengths include a strong program expense ratio of 100%, indicating that all funds are directed towards their mission-driven programs. The foundation has scored well in areas such as board independence and has established essential policies like a whistleblower policy and document retention procedures, which further enhance their accountability standards.
While there are many positive indicators of the Fearless Foundation's financial health and governance, the single category score approach limits the overall assessment, as there is no evaluation of other performance areas such as impact or program effectiveness. Nonetheless, the foundation demonstrates strong organizational practices, which are critical for donor confidence and organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Fearless Foundation legitimate?
Fearless Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fearless 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: $180,545
For more financial information, click here
What is the mission statement of Fearless Foundation?
The Fearless Foundation's mission is centered around providing support and resources to women of color entrepreneurs. Their primary objective is to assist these entrepreneurs in building thriving businesses that can create employment opportunities, generate revenue, and ultimately strengthen their communities. They accomplish this mission through various means, including offering capital investments, mentorship, education, and advocacy. The foundation aims to bridge the gap in venture capital funding for women of color entrepreneurs, focusing on those building scalable and growth-oriented companies.
Who is the CEO of Fearless Foundation?
Arian Simone Reed is the Founder of Fearless Foundation.
What is the revenue of Fearless Foundation?
Fearless Foundation's revenue in 2022 was $4,166,197.
Who are the executives of Fearless Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $27,083
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fearless Foundation?
Fearless Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fearless Foundation
The Fearless Foundation is committed to providing vital assistance to women of color entrepreneurs. Its primary mission is to offer capital, community, mentorship, education, and advocacy to these entrepreneurs, aiming to help them establish thriving businesses that not only create employment opportunities but also generate revenue and contribute to the strengthening of their communities. This nonprofit organization, built by women of color for women of color, focuses on bridging the gap in venture capital funding for women of color founders who are building scalable and growth-oriented companies. The Fearless Foundation seeks to invest in businesses at the pre-seed, seed, or series A financing stages, thereby supporting the growth and success of women of color in the entrepreneurial sphere.
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Impact
July, 2024
Fearless Foundation's impact lies in providing capital, community, mentorship, education, support, and advocacy to women of color entrepreneurs. By doing so, they help these women build successful businesses that create jobs, generate revenue, and strengthen communities. Fearless Fund specifically invests in women of color-led businesses at various financing stages, aiming to bridge the gap in venture capital funding for this demographic. This organization, based in Atlanta, GA, is dedicated to supporting women of color founders in building scalable, growth-oriented companies.
This information is meant to be a general summary of Fearless 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $4,166,197
Assets and Liabilities:
- Total Assets: $1,336,947
- Total Liabilities: $0
- Net Assets: $1,336,947
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Organization Details
Founding Year
2018
Principal Officer
Arian Simone Reed
Main Address
1623 WESTWOOD AVE SE, Atlanta, GA, 30310
NTEE Category
Code: T50 - Philanthropy
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