Overview
What is Fair Franchising Initiative Inc?
Fair Franchising Initiative Inc is a nonprofit organization that aims to protect small business owners from potential disadvantages in franchise agreements. They accomplish this by educating these entrepreneurs on the challenges inherent in certain agreement provisions that may not be fair to franchisees. By providing guidance on navigating these agreements more transparently, they empower small business owners to ensure their interests are protected and their agreements are more equitable.
Official website here: www.fairfranchising.org
Is Fair Franchising Initiative Inc legitimate?
Fair Franchising Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Fair Franchising Initiative 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.
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Official website here: www.fairfranchising.org
What is the mission statement of Fair Franchising Initiative Inc?
The Fair Franchising Initiative Inc's mission is centered around informing small business owners about potential risks in franchise agreements. They aim to educate these entrepreneurs on navigating these agreements effectively. By highlighting problematic clauses in franchise contracts that may not be fair to franchisees, the initiative seeks to make these agreements more transparent and equitable. The organization provides guidance to small business owners, helping them understand and negotiate their franchise agreements more effectively.
Official website here: www.fairfranchising.org
Who is the CEO of Fair Franchising Initiative Inc?
Prakash Shah is the Chairman of Fair Franchising Initiative Inc.
Official website here: www.fairfranchising.org
What is the revenue of Fair Franchising Initiative Inc?
Fair Franchising Initiative Inc's revenue in 2022 was $3,056.
Official website here: www.fairfranchising.org
Who are the executives of Fair Franchising Initiative Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.fairfranchising.org
Where can I find the form 990 for Fair Franchising Initiative Inc?
Fair Franchising Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairfranchising.org
Learn more at the official website: www.fairfranchising.org
Mission Statement of Fair Franchising Initiative Inc
Fair Franchising Initiative Inc is committed to enlightening small businesses about potential challenges in franchise agreements. Their mission is to educate these businesses on navigating these agreements, ensuring they understand the intricacies and potential unfair provisions. By highlighting issues with certain contract provisions that may disadvantage franchisees, the organization aims to help small business owners make their agreements more transparent and equitable. Through this process, Fair Franchising Initiative Inc empowers small businesses to negotiate and protect their interests in franchise agreements, ultimately promoting fairness and protecting the rights of franchisees.
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Impact
October, 2024
Fair Franchising Initiative Inc significantly impacts small businesses by raising awareness about the potential pitfalls of franchise agreements and providing crucial education on navigating these complex legal documents. By identifying and highlighting unfair provisions within franchise agreements, the organization empowers small business owners to better understand their rights and obligations. This education promotes transparency and fairness in franchising, helping entrepreneurs establish stronger, more equitable relationships with franchisors.
Through its initiatives, Fair Franchising Initiative Inc enhances the capacity of small business owners to make informed decisions, ultimately contributing to the success and sustainability of their enterprises. By focusing on community improvement, the organization fosters an environment where small businesses can thrive without the burden of exploitative franchise practices. This commitment not only supports individual entrepreneurs but also strengthens the wider business ecosystem, cultivating a more just and equitable market landscape.
This information is meant to be a general summary of Fair Franchising Initiative 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.
- Program Service Revenue: $3,056
- Gross Receipts: $3,056
Assets and Liabilities:
- Total Assets: $23,195
- Total Liabilities: $3,294
- Net Assets: $19,901
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$3,056
Organization Details
Founding Year
2019
Phone
(732) 662-4802Principal Officer
Prakash Shah
Main Address
458 ELIZABETH AVE STE 5, SOMERSET, NJ, 08873
Website
www.fairfranchising.orgNTEE Category
Code: S41 - Community improvement
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