Faith and Community Empowerment

What it reported doing in 2024

Advocacy/race relationsface has been a strong advocate in lifting up the aapi and faith voice for those who are underserved and voiceless on numerous issues locally and nationally. Some of the areas where face is engaging includes housing & homeownership, immigration reform, electric cars/clean energy, peace on the korean peninsula, and an inclusive ethnic curriculum, amongst others. Face has also hosted many convenings with government/corporate decision makers and stakeholders in the community to facilitate partnerships that would address challenges faced by the community. Some past convenings have included freddie mac, sba, metro ceo, lapd, lahsa, various elected officials, white house, samhsa, hud, us. Department of labor secretary, amongst others. In addition, face hosted a korean american roundtable on faith and mental health with uci and korean american faith leaders, community advocates, scholars and nonprofit leaders affordable housing: face's affordable housing initiative empowers and educates churches on how to develop affordable housing units. Face is walking with churches and connecting them to the right organizations and resources to build affordable housing on their land. In turn, churches are able to sustain their ministry and provide affordable housing for their communities. Saigu: black/asian solidarity & stop aapi hate initiativewith the surge in anti-asian hate crimes face has worked to bring solidarity between the black and aapi community through several intimate meetings between black and asian clergy as well as seminars and aapi town halls to discuss model minority myth that has historically been used as a barrier between the two groups. As part of our stop aapi hate initiative, face has also worked to shed light on the oppression and needs of the aapi community. Face hosted "stop the hate: interfaith dialogue with the help of ethnic media. Youth @work : aapi career pathways initiative the aapi population makes up 17% of the county population, yet only 3% of the participants in the la county's paid job training/internship program, youth@work, are aapi students. The aapi career pathways initiative, in partnership with la county wdacs, is aimed to address this gap. Through face's initiative, aapi youth (14-24) will have access to these paid internship opportunities as well as have the opportunity to connect with mentors and to attend monthly mentorship leadership seminars. Face hosted its monthly college admissions series with ivy scholars and lacaaea.donor advisory board/ holiday receptiondonor advisory board members play an important role in promoting face's vision and expanding our reach. Members are invited to exclusive, intimate gatherings where members can meet and network with face leadership, staff, and other community and business leaders two to three times a year. In addition, members are given priority invitations to face events and other exclusive offers, as well as recognition on face's website and email blast. Entering 2025, face welcomed 50 donor advisory board members.

Financial Efficiency

• Mission deployment rate: 47%; rating input score 47
• Program expense ratio: 84.2%; rating input score 84
• Fundraising efficiency: $44.78 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 45.6%; rating input score 91; 91st percentile among comparable filings
• Total-asset coverage ratio: 3.86; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
• Officer compensation ratio: 30.7%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: -4.2% per year; rating input score 0; 9th percentile among comparable filings
• Revenue growth: 4.1% per year; rating input score 100; 38th percentile among comparable filings
• Asset growth: 18.3% per year; rating input score 100; 79th percentile among comparable filings