Fame Leaders Inc
- Assets
- $43.0
- Revenue
- $658.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 10/2016
- Data as of
- 06/2022
- EIN
- 81-3106863
Organization Overview
Fame Leaders Inc is located in Augusta, ME. The organization was established in 2016. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fame Leaders Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STUDENT LOAN REPAYMENT ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALFOND LEADERS STUDENT DEBT REDUCTION PROGRAM PROVIDES STUDENT LOAN REPAYMENT ASSISTANCE TO PEOPLE WHO LIVE AND WORK IN MAINE IN A STEM-DESIGNATED OCCUPATION AT A MAINE-BASED EMPLOYER. ALFOND LEADERS MAY QUALIFY FOR LOAN REPAYMENT OF UP TO HALF OF THEIR OUTSTANDING STUDENT LOAN BALANCE AT THE TIME OF APPLICATION TO THE PROGRAM, NOT TO EXCEED $60,000.STUDENTS WHO HAVE COMPLETED OR WILL COMPLETE THEIR DEGREE OR CERTIFICATE WITHIN MONTHS OF APPLICATION CYCLES ARE WELCOME TO APPLY. EXISTING MAINE BASED STEM WORKERS WITH STUDENT LOAN DEBT WHO ARE NOT RECENT COLLEGE GRADUATES ARE ALSO WELCOME TO APPLY. THE LOAN REPAYMENT AWARDS MADE TO RECENT COLLEGE GRADUATES OR STUDENTS WHO WILL BE GRADUATING, IF SELECTED, WILL NOT BE FINALIZED UNTIL THEY HAVE BEGUN A STEM POSITION IN MAINE AND HAVE RELOCATED TO THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Johnston President | OfficerTrustee | 1 | $0 |
Carlos Mello Treasurer | OfficerTrustee | 1 | $0 |
Renee Oullette Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $658,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,388 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $658,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $658,388 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $45 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $658,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $43 |
| 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 | $43 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fame Leaders Inc has recieved totaling $276,585.
| Awarding Organization | Amount |
|---|---|
Harold Alfond Foundation Portland, ME PURPOSE: CURRENT YEAR SET ASIDE - ALFOND LEADERS STUDENT DEBT REDUCTION PROGRAM | $269,085 |
Harold Alfond Foundation Portland, ME PURPOSE: MARKETING SUPPORT 2019 | $7,500 |
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