Overview
What is Fame Assistance Corporation?
Fame Assistance Corporation is a nonprofit organization situated in Los Angeles, California, specifically at 2270 S Harvard Blvd. Their primary mission is to foster opportunity and empowerment within the community by focusing on economic development, affordable housing, education, environmental protection, and social services. This encompasses assisting individuals, families, and communities residing in South Los Angeles. One of their significant initiatives involves subsidizing local transportation for elderly and at-risk individuals, ensuring they maintain mobility and independence within their community. The organization is staffed by 17 dedicated employees, who collectively work towards achieving these objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 60%, Two-Star out of Four Star rating.
Fame Assistance Corporation has received a Two-Star rating, indicating that there are areas needing significant improvement, particularly in accountability and transparency. The organization demonstrates a strong commitment to governance with 100% of its board members being independent, which suggests a lack of conflicts of interest. Additionally, it showcases a high program expense ratio of 91.64%, indicating that a large portion of its funding is directed towards its programs rather than administrative costs.
However, the organization's financial transparency is a notable concern, as it has not provided financial statements, which significantly impacts its accountability score. Other important policies, such as conflict of interest and the posting of tax forms on its website, are also missing. While the presence of a whistleblower policy and documented board meeting minutes is positive, the overall lack of financial documentation limits the organization’s credibility and trustworthiness in the eyes of potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Fame Assistance Corporation legitimate?
Fame Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fame Assistance Corporation 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
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Other Salaries and Wages: $678,624
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What is the mission statement of Fame Assistance Corporation?
The Fame Assistance Corporation's mission is to foster opportunity and empowerment in South Los Angeles by focusing on economic development, affordable housing, education, environmental protection, and social service programs. This organization extends its efforts to individuals, families, and communities within the area, aiming to promote growth and improvement. A notable initiative of the corporation is subsidizing local transportation for the elderly and those in need within the community.
Who is the CEO of Fame Assistance Corporation?
Edgar Boyd is the President of Fame Assistance Corporation.
What is the revenue of Fame Assistance Corporation?
Fame Assistance Corporation's revenue in 2022 was $1,892,169.
Who are the executives of Fame Assistance Corporation and what are their salaries?
The average compensation at Fame Assistance Corporation during 2022 was $39,919. There are 17 employees at Fame Assistance Corporation.
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Where can I find the form 990 for Fame Assistance Corporation?
Fame Assistance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fame Assistance Corporation
Fame Assistance Corporation, a nonprofit organization, is committed to fostering opportunity and empowerment in South Los Angeles. They achieve this goal through various initiatives, including economic development, affordable housing, education, environmental protection, and social service programs. This organization extends its reach to individuals, families, and communities in the area, aiming to make a positive impact on their lives.
In particular, Fame Assistance Corporation focuses on subsidizing local transportation for elderly and at-need individuals within the community. By providing this service, the nonprofit helps to ensure that these individuals have the means to access essential resources and maintain their independence, thereby improving their overall quality of life.
In summary, Fame Assistance Corporation's mission is to promote empowerment and opportunities for the people of South Los Angeles. They do this by offering a range of services, from economic development and affordable housing to education and environmental protection, all while extending a helping hand to the elderly and at-need individuals in the community through subsidized transportation.
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Impact
July, 2024
Fame Assistance Corporation plays a crucial role in promoting opportunity and empowerment in South Los Angeles through a variety of impactful programs. Their efforts in economic development, affordable housing, education, environmental protection, and social services have made a significant difference in the lives of individuals, families, and communities in the area. For instance, their transportation subsidy program provides vital support to elderly and at-need individuals, ensuring access to essential services and opportunities. By addressing key needs and advocating for social change, Fame Assistance Corporation is actively contributing to the well-being and development of South Los Angeles.
This information is meant to be a general summary of Fame Assistance Corporation. 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: $1,120,492
- Gross Receipts: $1,892,169
Assets and Liabilities:
- Total Assets: $5,912,425
- Total Liabilities: $4,123,530
- Net Assets: $1,788,895
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Revenue
Revenue
$1,120,492
Organization Details
Founding Year
1988
Principal Officer
Edgar Boyd
Main Address
2270 S Harvard Blvd, Los Angeles, CA, 90018
NTEE Category
Code: P200 - Human services
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