Overview
What is Fundamental Credit Literacy?
Fundamental Credit Literacy is a nonprofit organization aimed at educating individuals with lower income levels about finance, credit, and interest rates. Their primary mission is to teach these individuals how to build or rebuild their credit, providing them with essential financial tools to accumulate wealth. By empowering lower income individuals with credit literacy knowledge, this organization aims to help them improve their financial situations and achieve financial stability.
Is Fundamental Credit Literacy legitimate?
Fundamental Credit Literacy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fundamental Credit Literacy 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
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What is the mission statement of Fundamental Credit Literacy?
Fundamental Credit Literacy, as an organization, is established with the goal of educating individuals, particularly those with lower income, about finance and credit. The primary focus is on credit literacy, providing guidance on how to build or rebuild credit. The organization aims to empower these individuals with basic financial tools, enabling them to build wealth and make informed decisions concerning their finances. By educating people about credit and interest rates, Fundamental Credit Literacy aims to contribute to financial literacy and financial stability among its target audience.
Who is the CEO of Fundamental Credit Literacy?
Angela Emanuel is the President of Fundamental Credit Literacy.
What is the revenue of Fundamental Credit Literacy?
Fundamental Credit Literacy's revenue in 2020 was $0.
Who are the executives of Fundamental Credit Literacy and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fundamental Credit Literacy?
Fundamental Credit Literacy's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Fundamental Credit Literacy
Fundamental Credit Literacy, as an organization, is established with a mission to educate individuals from lower income backgrounds about finance, credit, and interest rates. Its primary objective is to empower these individuals by teaching them Credit Literacy, enabling them to build or rebuild their credit. By providing individuals with basic financial tools, Fundamental Credit Literacy aims to help lower income persons build wealth. The organization's activities are centered around this mission, aiming to equip people with the knowledge necessary to manage their finances effectively.
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Impact
October, 2024
Fundamental Credit Literacy plays a vital role in empowering lower-income individuals by equipping them with essential financial knowledge and skills. By focusing on credit literacy—how to build and rebuild credit, understanding interest rates, and basic financial principles—the organization fosters greater financial stability within communities.
The impact of this education is transformative. Individuals who learn how to navigate credit systems are better positioned to access affordable loans, secure housing, and improve their overall quality of life. By demystifying financial concepts, the program enables participants to make informed decisions, ultimately helping them to build wealth over time.
Furthermore, the initiative enhances participants’ ability to manage their finances effectively, reducing reliance on high-interest lending options that often trap lower-income families in cycles of debt. As more individuals become financially literate, the ripple effect contributes to stronger community resilience and economic empowerment, creating pathways to a more stable and prosperous future.
This information is meant to be a general summary of Fundamental Credit Literacy. 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 2020.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2018
Principal Officer
Angela Emanuel
Main Address
2830 MAPLE SPRINGS COURT, MARIETTA, GA, 30064
NTEE Category
Code: B01 - Education
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