Fostering Ambition Towards Excellence
Nonprofit profile at a glance
- EIN
- 993490152
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- South Pasadena, CA, USA
- Phone
- 6266446429
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $23,421
- Expenses
- $20,170
- Assets
- $14,416
- Liabilities
- $11,165
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Kris Maines (President)
- John Adamson (Vice President)
- Dylan Burke (Vice President)
- Carlo Thorbourne (Vice President)
People named in this filing
- Kris Maines (President)
- John Adamson (Vice President)
- Dylan Burke (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The FATE Foundation's mission is to provide foster youth with opportunities leading to meaningful vocational based careers and long term stability. To establish strong long lasting relationships that give our Journeymen people to lean on while they navigate a vocational career.
What it reported doing in 2024
In FATE's first year in operation, the organization raised $23,421 through fundraising events. $10,000 was donated to PCDA, which is going to underpriveledged youth in the area.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 82
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.7%; rating input score 43
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 13.9%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.77; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 42.7% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.