Fund For Advancement Of Minorities Through Education Inc is located in Pittsburgh, PA. The organization was established in 1993. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Fund For Advancement Of Minorities Through Education Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Advancement Of Minorities Through Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Fund For Advancement Of Minorities Through Education Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, EMPOWER AND EMBOLDEN AFRICAN AMERICAN YOUTH TO BECOME STUDENT AMBASSADORS OF TODAY, LEADERS OF TOMORROW AND STEWARDS OF THEIR COMMUNITIES BY PROVIDING ACCESS TO COLLEGE PREPARATORY EDUCATION AT PARTICIPATING INDEPENDENT SCHOOLS IN THE GREATER PITTSBURGH AREA THROUGH THE PROVISION OF NEED BASED FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAME SCHOLARSHIP/EDUCATIONAL PROGRAM - FAME PROVIDED SCHOLARSHIP AND EDUCATIONAL SUPPORT FOR 79 BRIGHT AND TALENTED AFRICAN AMERICAN STUDENTS TO ATTEND PARTICIPATING COLLEGE PREPARATORY INDEPENDENT SCHOOLS. IN ADDITION TO THE SCHOLARSHIPS PROVIDED, FAME ALSO PROVIDES TUTORING FREE OF CHARGE TO FAME SCHOLARS AND SUBSIDIZES THE COST OF BOOKS AND A VARIETY OF OTHER EDUCATIONAL EXPENSES AS NECESSARY.
STEM PROGRAM - YEAR ROUND STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) PROGRAMMING IN WHICH FAME SCHOLARS AND FAME ACADEMY STUDENTS PARTICIPATE IN HAND-ON ACTIVITIES AND COMPETE IN REGIONAL AND NATIONAL COMPETITIONS. THE STEM PROGRAM ALSO PROVIDES MENTORING FROM AREA COLLEGE STUDENTS MAJORING IN ENGINEERING AND OTHER STEM MAJORS.
FAME ACADEMY - FAME ACADEMY WAS INSTITUTED TO PROVIDE PUBLIC MIDDLE SCHOOL STUDENTS SEEKING A HIGHER QUALITY EDUCATION WITHIN THE GREATER PITTSBURGH AREA THE ACADEMIC FOUNDATION NECESSARY TO BE COMPETITIVE IN THE INDEPENDENT SCHOOL APPLICATION PROCESS, INCREASING THE NUMBER OF AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED THAT RECEIVE A RIGOROUS EDUCATION. THE FAME ACADEMY HELPS STUDENTS TO EXCEL WITHIN THEIR PUBLIC SCHOOL COMMUNITY AND EXPOSES THEM TO COLLEGES AND A VARIETY OF CAREER CHOICES. WITHIN THE FAME ACADEMY, STUDENTS ALSO TRAVEL 3 TIMES A YEAR, TWICE TO CITIES OUTSIDE OF PITTSBURGH AND ONCE TO A PARTNER BOARDING SCHOOL FOR AN OVERNIGHT, ONE-WEEK STAY. STUDENTS ATTEND ACADEMIC COURSES ON SATURDAYS THROUGHOUT THE SCHOOL YEAR AND FOR SIX AND A HALF WEEKS DURING THE SUMMER.
INTERNSHIP/ENRICHMENT PROGRAM AND LEADERSHIP SKILL BUILDING OPPORTUNITIES - FAME'S INTERNSHIP PROGRAM CONNECTS HIGH SCHOOL UPPERCLASSMEN AND COLLEGE LEVEL ALUMNI WITH SUMMER INTERNSHIPS AT LOCAL AREA CORPORATIONS, BUSINESSES, HEALTHCARE FACILITIES, BANKS, LAW FIRMS, AND FOUNDATIONS - BUILDING THE CONNECTION BETWEEN THESE FUTURE LEADERS AND THE PITTSBURGH WORKFORCE. THE INTERNSHIP PROGRAM IS DESIGNED TO ASSURE FAME SCHOLARS SEE ALL THAT THE PITTSBURGH WORKFORCE HAS TO OFFER. ENRICHMENT PROGRAMS ALLOW SCHOLARS TO ENHANCE THEIR EDUCATIONAL EXPERIENCES BEYOND THE CLASSROOM. IT IS FAME'S GOAL TO ENSURE THAT EACH SCHOLAR IS ACTIVELY INVOLVED IN SOME FORM OF SUMMER ENRICHMENT PROGRAM EACH YEAR TO KEEP THEIR MINDS STIMULATED. THIS PAST SUMMER, SEVERAL OF OUR SCHOLARS WERE ENROLLED IN SUMMER SCHOOL CLASSES, PARTICIPATED IN LOCAL SUMMER CAMPS OR HAD A SUMMER INTERNSHIP. IN ADDITION TO SUMMER PROGRAMS, FAME PROVIDES SEVERAL OTHER FORMS OF ACADEMIC ENRICHMENT THROUGHOUT THE YEAR. SUCH PROGRAMS INCLUDE, BUT ARE NOT LIMITED TO, A SAT PREP COURSE WITH THE PRINCETON REVIEW, A SATURDAY TUTORIAL PROGRAM, A STUDY SKILLS WORKSHOP, AND MATH/WRITING ENRICHMENT PROGRAMS. THESE ACTIVITIES ARE DESIGNED FOR FAME SCHOLARS TO RECEIVE ACADEMIC SUPPORT AND SUPPLEMENTAL EDUCATION THAT WILL FURTHER THEIR ACADEMIC SUCCESS. SUCH PROGRAMS ARE NOT ONLY OPEN TO FAME SCHOLARS, BUT TO AFRICAN AMERICAN STUDENTS ATTENDING PARTNER INDEPENDENT SCHOOLS. THREE LEADERSHIP SYMPOSIUMS ARE HELD EACH YEAR TO PROVIDE STUDENTS WITH THE OPPORTUNITY TO BUILD LEADERSHIP SKILLS AND BROADEN THEIR CAREER AND PERSONAL AWARENESS. STUDENTS ALSO RECEIVE ADVICE AND MENTORING FROM YOUNG AFRICAN AMERICAN PITTSBURGH PROFESSIONALS DURING THE LEADERSHIP SYMPOSIUMS THAT PROVES TO BE QUITE INSPIRATIONAL. THE LEADERSHIP SYMPOSIUMS WILL HELP PREPARE SCHOLARS FOR LIFE AFTER GRADUATION AND FULFILL FAME'S VISION OF INCREASING THE NUMBER OF SCHOLARS WHO RETURN TO LIVE AND TAKE ON LEADERSHIP POSITIONS IN PITTSBURGH UPON GRADUATION FROM COLLEGE. IN ADDITION, BIANNUALLY, FAME TAKES HIGH SCHOOL SCHOLARS ON A LEADERSHIFT TOUR. THE TRIP ALTERNATES YEARLY WITH THE FAME COLLEGE TOUR, FOCUSED ON VISITING COLLEGES (IVY LEAGUE, HBCU, SMALL LIBERAL ARTS COLLEGES, AND LARGE STATE SCHOOLS) DURING SPRING BREAK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Darryl Wiley Chief Executive Officer | Officer | 40 | $92,480 |
Reginald Coles Treasurer | OfficerTrustee | 2 | $0 |
Ann Hoover Vice Chair | OfficerTrustee | 2 | $0 |
Divya Annamraju Secretary | OfficerTrustee | 2 | $0 |
Michael Larson-Edwards Chair | OfficerTrustee | 2 | $0 |
Darlene Motley PHD Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $65,303 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $92,501 |
All other contributions, gifts, grants, and similar amounts not included above | $945,049 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,853 |
Total Program Service Revenue | $0 |
Investment income | $551,757 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $260,613 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,916,237 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $497,048 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $121,857 |
Compensation of current officers, directors, key employees. | $18,508 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $445,515 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $57,769 |
Payroll taxes | $42,053 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $43,758 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $46,042 |
Fees for services: Other | $51,964 |
Advertising and promotion | $0 |
Office expenses | $17,227 |
Information technology | $31,699 |
Royalties | $0 |
Occupancy | $30,846 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,822 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,262 |
Insurance | $3,253 |
All other expenses | $2,479 |
Total functional expenses | $1,499,308 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $187,174 |
Savings and temporary cash investments | $91,452 |
Pledges and grants receivable | $319,240 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $25,306 |
Net Land, buildings, and equipment | $23,813 |
Investments—publicly traded securities | $10,732,807 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $11,379,792 |
Accounts payable and accrued expenses | $76,659 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $481,500 |
Total liabilities | $558,159 |
Net assets without donor restrictions | $6,746,743 |
Net assets with donor restrictions | $4,074,890 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,379,792 |
Over the last fiscal year, we have identified 4 grants that Fund For Advancement Of Minorities Through Education Inc has recieved totaling $81,358.
Awarding Organization | Amount |
---|---|
The United Way Of Southwestern Pennsylvania Pittsburgh, PA PURPOSE: DONOR DESIGNATION PR | $53,667 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: STUDENT SERVICES | $22,557 |
Rosewood Foundation Pittsburgh, PA PURPOSE: TO SUPPORT PROGRAMMING | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Beg. Balance | $3,710,369 |
Ending Balance | $3,710,369 |
Organization Name | Assets | Revenue |
---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |