Overview
What is Fund For Guaranteed Income?
The Fund for Guaranteed Income, established in El Segundo, California, is a nonprofit organization dedicated to fostering the advancement of guaranteed income initiatives. Its purpose is to fund and facilitate research, establish necessary infrastructure, and drive the implementation of such projects in various locations, such as Compton Pledge, Long Beach Pledge, Pathway to Income Equity, and Chicago Future Fund. With a team of three dedicated individuals, the Fund plays a vital role in promoting and supporting the concept of guaranteed income, aiming to improve financial stability and security for communities in need.
Official website here: www.f4gi.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Not Rated**
The Fund For Guaranteed Income currently does not hold a rating from Charity Navigator, primarily due to a lack of sufficient data for evaluation. Specifically, it requires multiple years of electronically filed IRS Form 990 data to be assessed for Accountability & Finance or Impact & Measurement beacons. A limited revenue and expense profile is available, which reveals trends over recent years but does not provide a full picture of the organization's financial health or impact.
The organization's leadership structure includes key figures with compensation details, indicating some degree of transparency. However, the absence of comprehensive ratings suggests that the organization may still be in its early stages of development or has not yet fulfilled the necessary reporting requirements to facilitate a robust evaluation by Charity Navigator.
Unfortunately, user reviews from GreatNonprofits were not accessible, which could have provided additional insights into stakeholder experiences and the organization's community impact. As such, potential donors and supporters may want to conduct further research or reach out directly to the organization for more information.
This AI summary has been generated from information found on Charity Navigator.
Is Fund For Guaranteed Income legitimate?
Fund For Guaranteed Income is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For Guaranteed Income 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: $205,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,381
For more financial information, click here
Official website here: www.f4gi.org
What is the mission statement of Fund For Guaranteed Income?
The Fund for Guaranteed Income, often referred to as F4GI, is dedicated to advancing the cause of guaranteed income initiatives. Their mission involves supporting research, establishing necessary infrastructure, and facilitating implementation of these initiatives in various locations, such as Compton Pledge, Long Beach Pledge, Pathway to Income Equity, and Chicago Future Fund. By doing so, F4GI aims to contribute to the broader goal of promoting financial security and welfare for individuals and communities.
Official website here: www.f4gi.org
What is the revenue of Fund For Guaranteed Income?
Fund For Guaranteed Income's revenue in 2023 was $4,165,709.
Official website here: www.f4gi.org
Who are the executives of Fund For Guaranteed Income and what are their salaries?
The average compensation at Fund For Guaranteed Income during 2023 was $103,350. There are 3 employees at Fund For Guaranteed Income.
Here are 5 key members and their salaries:
- Compensation: $205,668
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.f4gi.org
Where can I find the form 990 for Fund For Guaranteed Income?
Fund For Guaranteed Income's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.f4gi.org
Learn more at the official website: www.f4gi.org
Mission Statement of Fund For Guaranteed Income
The Fund for Guaranteed Income, often referred to as F4GI, is an organization dedicated to advancing the cause of guaranteed income initiatives. The mission of this nonprofit entity is to foster research, establish the necessary infrastructure, and facilitate the implementation of guaranteed income programs. F4GI is actively involved in supporting various initiatives such as Compton Pledge, Long Beach Pledge, Pathway to Income Equity, and Chicago Future Fund. By doing so, it aims to contribute to the broader goal of establishing sustainable income support systems for individuals and families in need.
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Impact
July, 2024
The Fund For Guaranteed Income has had a significant impact on supporting and funding guaranteed income initiatives such as the Compton Pledge, Long Beach Pledge, Pathway to Income Equity, and Chicago Future Fund. These initiatives aim to provide financial support to individuals and families, helping to reduce poverty and create more economic stability. By investing in research, infrastructure, and implementation of these programs, the Fund For Guaranteed Income is making a tangible difference in the lives of those in need.
This information is meant to be a general summary of Fund For Guaranteed Income. 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.
- Investment Income: $145,171
- Program Service Revenue: $445,694
- Gross Receipts: $4,165,709
Assets and Liabilities:
- Total Assets: $7,105,093
- Total Liabilities: $134,931
- Net Assets: $6,970,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATIONAL COST REIMBURSEMENT
Revenue
$445,694
Organization Details
Founding Year
2021
Principal Officer
Nicholas Salazar
Website
www.f4gi.orgNTEE Category
Code: P05 - Human services
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