Foundation For Aspiring Minority Accountants

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 863424348 ✦ Midlothian, TX ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Aspiring Minority Accountants?

The Foundation For Aspiring Minority Accountants, situated in Midlothian, Texas, is an education-focused professional society. Its primary objective is to foster educational growth through mentorship, scholarships, and internships, ultimately promoting educational advancement. This nonprofit organization operates with a vision to empower minority accountants, providing them with the necessary resources and opportunities to succeed in their field.


Official website here: www.thefamainc.org

Is Foundation For Aspiring Minority Accountants legitimate?

Foundation For Aspiring Minority Accountants is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Aspiring Minority Accountants submitted a form 990EZ, 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.


Official website here: www.thefamainc.org

What is the mission statement of Foundation For Aspiring Minority Accountants?

The Foundation for Aspiring Minority Accountants, as an educational professional society, is dedicated to promoting educational advancement. They achieve this goal through various means, including mentorship, scholarships, and internships. The mission of this organization is centered around fostering educational growth and development. By offering mentorship, the foundation provides guidance and support to aspiring accountants. Scholarships are another tool they use to help individuals pursue their educational goals in the field of accounting. Internships provide practical experience, bridging the gap between theoretical learning and real-world application, thus contributing to the overall educational advancement.


Official website here: www.thefamainc.org

Who is the CEO of Foundation For Aspiring Minority Accountants?

Deshmon Reed is the President of Foundation For Aspiring Minority Accountants.


Official website here: www.thefamainc.org

What is the revenue of Foundation For Aspiring Minority Accountants?

Foundation For Aspiring Minority Accountants's revenue in 2021 was $3,511.


Official website here: www.thefamainc.org

Who are the executives of Foundation For Aspiring Minority Accountants and what are their salaries?


Here are 3 key members and their salaries:


Deshmon Reed (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Reed (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grayson Reed (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thefamainc.org

Where can I find the form 990EZ for Foundation For Aspiring Minority Accountants?

Foundation For Aspiring Minority Accountants's most recent form 990EZ was submitted in 2021 and can be accessed here.


Official website here: www.thefamainc.org

Learn more at the official website: www.thefamainc.org

Mission Statement of Foundation For Aspiring Minority Accountants

The Foundation for Aspiring Minority Accountants, an education-focused professional organization, is dedicated to fostering educational advancement. Their mission is achieved through a three-pronged strategy: mentorship, scholarships, and internships. This mission aims to empower aspiring minority accountants, promoting their educational growth and development. By providing mentorship, the foundation offers guidance and support, helping these individuals navigate their academic and professional journeys. Scholarships serve as financial aids, easing the financial burden and enabling more minorities to pursue their accounting aspirations. Internships offer hands-on experience, providing real-world exposure and preparing them for future careers in the field.

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Impact




August, 2024

Foundation For Aspiring Minority Accountants is making a significant impact by advancing education through mentorship, scholarship, and internships for minority individuals. Through its efforts, it is helping to empower aspiring accountants from minority backgrounds, providing them with the resources and support needed to succeed in their educational and professional journeys.




This information is meant to be a general summary of Foundation For Aspiring Minority Accountants. 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.

Revenue
$3,511 (2021)
Expenses
$3,511 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $3,511

Assets and Liabilities:

  • Total Assets: $1
  • Total Liabilities: $0
  • Net Assets: $1

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Organization Details

Principal Officer

Deshmon Reed

Main Address

PO BOX 71, MIDLOTHIAN, TX, 76065

NTEE Category

Code: B03 - Education

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