Overview
What is Foic Charity Inc?
Foic Charity Inc is a supporting organization, with a mission to bolster various initiatives. It actively collaborates with multiple entities, including the Century City Culture and Arts Foundation, the Foundation for Innovative Transformation, Foic Forums Corp., Pay-it-Forward.org, Foic Forum, Inc., and Foic Forums. The primary role of Foic Charity Inc is to offer support and aid in the fulfillment of these organizations' objectives. While the specifics of these objectives vary among the collaborating entities, Foic Charity Inc plays a crucial role in fostering their success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (52%)
Foic Charity Inc has received a low score of 52%, resulting in a One-Star out of Four Star rating. This rating is primarily based on the organization's accountability and finance practices, reflecting significant areas of concern. Notably, the charity has no independent board members and lacks key financial documentation, which typically contributes to transparency and trust.
The organization did score well in some aspects, such as having no material diversion of assets and a perfect program expense ratio, indicating that all expenses are directed towards its programs. However, the absence of critical policies, such as conflict of interest and whistleblower protections, raises questions about governance practices and accountability to stakeholders.
Overall, while Foic Charity Inc demonstrates some positive financial management in terms of program spending, the lack of independent oversight and essential policies significantly impacts its overall rating. Prospective donors may want to consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Foic Charity Inc legitimate?
Foic Charity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foic Charity 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.
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 Foic Charity Inc?
Foic Charity Inc serves as a supporting organization for various entities. Among these, it plays a crucial role in fostering the culture and arts in Century City, promoting innovation, and supporting pay-it-forward initiatives. Additionally, it provides support to Foic Forums Corp., Foic Forum Inc., and Foic Forums, contributing to their respective missions. The exact objectives and activities of these entities are not specified in the provided information, but Foic Charity Inc seems to play a role in supporting them.
Who is the CEO of Foic Charity Inc?
Jerrel G John is the Treasurer of Foic Charity Inc.
What is the revenue of Foic Charity Inc?
Foic Charity Inc's revenue in 2022 was $38,101.
Who are the executives of Foic Charity Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foic Charity Inc?
Foic Charity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foic Charity Inc
Foic Charity Inc, as a supporting organization, plays a vital role in backing several initiatives. One of its primary missions is to support the Century City Culture and Arts Foundation Inc, promoting arts and culture within its community. Additionally, Foic Charity Inc acts as a sponsor for the Foundation for Innovative Transformation, fostering advancement and transformation in various sectors. The organization also extends its support to Foic Forums Corp, Pay-it-Forward.org, Foic Forum Inc, and Foic Forums, contributing to various forums and platforms that encourage community engagement and collaboration. By providing backing to these initiatives, Foic Charity Inc contributes to the betterment and enrichment of its community in various ways.
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Impact
October, 2024
Foic Charity Inc has a significant impact on the cultural and artistic landscape of Los Angeles by supporting a variety of initiatives and organizations. It plays a critical role in fostering community engagement through its alliance with the Century City Culture and Arts Foundation, which promotes artistic expression and cultural heritage in the area.
In addition, Foic Charity provides essential support for the Foundation for Innovative Transformation, which focuses on transformative projects that enhance the community’s quality of life. By facilitating programs and resources through the Foic Forums Corp and related entities, it encourages dialogue and collaboration among diverse groups, creating a platform for innovative ideas and solutions.
Foic Charity's commitment to the pay-it-forward ethos empowers individuals and organizations to make a positive difference, inspiring acts of kindness and community service. This multifaceted approach not only enriches the cultural fabric of Los Angeles but also promotes social responsibility, creativity, and community cohesion. Through its various initiatives, Foic Charity Inc significantly contributes to the philanthropic landscape, driving meaningful change and fostering a spirit of collaboration among its partners.
This information is meant to be a general summary of Foic Charity 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.
- Investment Income: $101
- Gross Receipts: $38,101
Assets and Liabilities:
- Total Assets: $17,892,856
- Total Liabilities: $1,000
- Net Assets: $17,891,856
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Organization Details
Founding Year
2008
Phone
(310) 282-0821Principal Officer
Jerrel G John
Main Address
1901 AVENUE OF THE STARS 19TH FLOO, LOS ANGELES, CA, 90067
NTEE Category
Code: T20 - Philanthropy
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