FAITH AND COMMUNITY EMPOWERMENT

EIN: 030417254 501(c)(3) Religion

LOS ANGELES, CA

Total Revenue
$1,116,870
Total Expenses
$531,975
Total Assets
$1,365,021
Net Assets
$1,337,950
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
HYEPIN IM
Phone
2139851500
Tax Period
2023-01-01 to 2023-12-31

FAITH AND COMMUNITY EMPOWERMENT, founded in 2001, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 52% operating margin.

Mission

FAITH AND COMMUNITY EMPOWERMENT (FACE)'S MISSION IS TO ADVANCE THE ASIAN AMERICAN COMMUNITY'S PARTICIPATION, CONTRIBUTION, AND INFLUENCE THROUGH FAITH AND COMMUNITY PARTNERSHIPS.

Program Service Accomplishments

Program 1
Expenses: $275,397 Revenue: $666,655

HOMEOWNERSHIPAS A HUD-APPROVED HOUSING COUNSELING AGENCY, FACE ASSISTS FIRST-TIME HOMEBUYERS IN THEIR HOMEOWNERSHIP PROCESS THROUGH HOMEBUYER EDUCATION, FINANCIAL LITERACY, AND COUNSELING...

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HOMEOWNERSHIPAS A HUD-APPROVED HOUSING COUNSELING AGENCY, FACE ASSISTS FIRST-TIME HOMEBUYERS IN THEIR HOMEOWNERSHIP PROCESS THROUGH HOMEBUYER EDUCATION, FINANCIAL LITERACY, AND COUNSELING. PROSPECTIVE HOMEOWNERS LEARN ABOUT GOVERNMENT DOWN PAYMENT ASSISTANCE PROGRAMS, ESCROW, AND RELATED TOPICS THAT WILL EQUIP THEM TO PURCHASE A HOME AND BE AN INFORMED, SMART BUYER. TO DATE, FACE HAS CONNECTED OVER 15,000 POTENTIAL BUYERS WITH OVER $2.2 MILLION IN DOWN PAYMENT AND OTHER ASSISTANCE. ADDITIONALLY, FACE PROVIDES EXISTING HOMEOWNERS WITH MORTGAGE RELIEF AND FORECLOSURE PREVENTION COUNSELING, SAVING OVER $93 MILLION IN MORTGAGES FROM GOING INTO FORECLOSURE.

Program 2
Expenses: $35,197 Revenue: $85,200

CHURCH & NON-PROFIT LEADERSHIP & ADVOCACY TRAININGC2 LEADERSHIP INSTITUTEC2 LEADERSHIP INSTITUTE IS A TRANSFORMATIVE LEADERSHIP PROGRAM THAT EMPOWERS LEADERS AND AWAKENS THEM TO NEW POSSIBILITIES AND...

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CHURCH & NON-PROFIT LEADERSHIP & ADVOCACY TRAININGC2 LEADERSHIP INSTITUTEC2 LEADERSHIP INSTITUTE IS A TRANSFORMATIVE LEADERSHIP PROGRAM THAT EMPOWERS LEADERS AND AWAKENS THEM TO NEW POSSIBILITIES AND SUSTAINABILITY FOR THEIR MINISTRIES BY STRENGTHENING CHURCH AND COMMUNITY PARTNERSHIPS IN COMMUNITY DEVELOPMENT THROUGH COMMUNITY ENGAGEMENT AND ADVOCACY. THROUGH THE C2 LEADERSHIP INSTITUTE, C2 FELLOWS GAIN THE TOOLS, SKILLS AND RELATIONSHIPS TO CREATE SUCCESS AND SUSTAINABILITY IN THEIR COMMUNITY DEVELOPMENT INITIATIVES. OVER THE COURSE OF THE INSTITUTE, EACH FELLOW LAUNCHES OR STRENGTHENS A COMMUNITY PROJECT. FELLOWS ARE MENTORED BY VARIOUS LEADERS, INCLUDING FUNDERS, GOVERNMENT OFFICIALS, MEDIA, FAITH LEADERS AND COMMUNITY DEVELOPMENT EXPERTS. FELLOWS DEVELOP THEIR PROJECTS USING THE SKILLS THEY ATTAIN SUCH AS FUNDRAISING, MEDIA AND GOVERNMENT RELATIONS, PARTNERSHIP BUILDING, NETWORKING, FINANCIAL LITERACY, GRANT WRITING, EVENTING, ADVOCACY, PROGRAM DEVELOPMENT, OUTREACH STRATEGIES, AND COMMUNITY NEEDS ASSESSMENTS. FINALLY, FELLOWS RECEIVE ONGOING ONE ON ONE TECHNICAL ASSISTANCE TO ENSURE SUCCESSFUL IMPLEMENTATION OF THEIR PROJECT.FACE NATIONAL LIGHTING THE COMMUNITY (LTC) SUMMIT THIS NATIONAL CONFERENCE, HELD AT WASHINGTON D.C. AND LOS ANGELES, CA, BRINGS TOGETHER POLICY MAKERS, ELECTED OFFICIALS, CORPORATIONS, PASTORS, MEDIA, COMMUNITY LEADERS AND OTHERS COMMITTED TO COMMUNITY DEVELOPMENT. IT PROVIDES A FORUM FOR COLLABORATION, ENGAGEMENT AND DIALOGUE, AS WELL AS TRAINING/WORKSHOPS TO ADDRESS KEY ECONOMIC AND SOCIAL ISSUES, SUCH AS HOUSING, SMALL BUSINESS, MENTAL HEALTH, IMMIGRATION REFORM AND HUMAN TRAFFICKING, AMONGST OTHERS. CHURCHES AND NONPROFITS LEARN OF THE MANY AVAILABLE FUNDING, PARTNERSHIP AND NETWORKING OPPORTUNITIES. IN ADDITION TO THE PLENARY SESSIONS AND WORKSHOPS, OTHER CONFERENCE HIGHLIGHTS INCLUDE THE NATIONAL ASIAN AMERICAN PRAYER BREAKFAST, AWARDS GALA AND DINNER, AND WHITE HOUSE BRIEFING. PREVIOUS SUMMITS HELD HAVE INCLUDED NOTABLE SPEAKERS AND HONOREES FROM GOVERNMENT AGENCIES, CORPORATIONS, FOUNDATIONS AND EDUCATIONAL INSTITUTIONS.

Program 3
Expenses: $132,690 Revenue: $321,200

ADVOCACY/RACE RELATIONS/YOUTH LEADERSHIP DEVELOPMENT FACE 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...

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ADVOCACY/RACE RELATIONS/YOUTH LEADERSHIP DEVELOPMENT FACE 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 WITH SBA, METRO CEO, LAPD, LAHSA, VARIOUS ELECTED OFFICIALS, WHITE HOUSE, SAMHSA, HUD, US. DEPARTMENT OF LABOR SECRETARY, AMONGST OTHERS. 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. THIS YEAR, FACE CEO HYEPIN IM AND REV. MARK WHITLOCK OF THE AME CHURCH WROTE AN ASIAN LIVES MATTER OP-ED DISCUSSING THE DIFFICULT BUT POWERFUL JOURNEY TO SOLIDARITY. 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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,049,144
Program Service Revenue $57,083
Investment Income $10,643
Other Revenue $0
TOTAL REVENUE $1,116,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,192
Fundraising Expenses $22,171
Program Expenses $443,284
Other Expenses $212,783
TOTAL EXPENSES $531,975

Year-over-Year Comparison

2023 2022 Change
Revenue $1,116,870 $768,901 +0.5%
Expenses $531,975 $395,023 +0.3%
Net Income $584,895 $373,878 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$116,017
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD YEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
JUSTIN DAVIS SECRETARY 1.00
Officer Director
$0 $0 $0
ERIC ASIEDU TREASURER 1.00
Officer Director
$0 $0 $0
REV JOHN JONDAI PARK BOARD MEMBER 1.00
Director
$0 $0 $0
MAURY RUANO BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA YOO BOARD MEMBER 1.00
Director
$0 $0 $0
HYEPIN IM PRESIDENT/CEO 40.00
Officer
$116,017 $0 $116,017
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,116,870 $531,975 $1,365,021 $584,895
2022 $768,901 $395,023 $783,169 $373,878
2021 $690,143 $384,840 $402,060 $305,303
2020 $339,520 $287,655 $118,601 $51,865
2019 $169,234 $210,157 $42,003 $-40,923
2018 $185,483 $359,394 $100,330 $-173,911
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