FOUNDATION 2 FAME INC

EIN: 811287361 501(c)(3) Youth Development

Miami, FL

Total Revenue
$127,624
Total Expenses
$95,281
Total Assets
$41,792
Net Assets
$41,792
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
ANA LOZADA
Phone
7866073263
Tax Period
2016-01-01 to 2016-12-31

FOUNDATION 2 FAME INC, founded in 2016, is a small nonprofit in the Youth Development sector that reported $128K in total revenue in fiscal year 2016. The organization ran a surplus of $32K, a strong 25% operating margin.

Mission

Our Mission is to support, motivate and uplift at-risk inner city youth in underdeveloped communities through creative expression, leadership development, and financial literacy.

Program Service Accomplishments

Program 1
Expenses: $95,281 Revenue: $127,624

Our Program include the following four. The Musical Theory 2 F.A.M.E Project - The Eneida Mural Collaboration Project - The F.A.M.E After school program. The HalloWynwood Haunted House. The Musical...

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Our Program include the following four. The Musical Theory 2 F.A.M.E Project - The Eneida Mural Collaboration Project - The F.A.M.E After school program. The HalloWynwood Haunted House. The Musical Theory 2 F.A.M.E. Project is an 8- week program where 10-15 students ages ranging from 13-17 years old will be given an in-depth educational experience: subjects spanning from Business Etiquette, Financial Literacy, Audio Production, Composing, Songwriting, Leadership Development, and Entrepreneurialism. This project aims to harness the power and skills engendered by creative and artistic expression while also developing necessary skills such as: scholarly activity, entrepreneurial spirit, leadership, business etiquette and financial literacy. We are entering the third of year of this project and we are looking to take it to another level by leveraging our new facility, The Creative Lakay, and all of its resources. The Eneida Mural Collaboration -The creative arts have the capacity to bring all walks of life together, therefore, the possible impact creativity can leave on a community is infinite. With unemployment, violence and crime currently at alarming levels, Foundation 2 F.A.M.E. embarked on a journey to collaborate on a project that would positively affect young students in under privileged neighborhoods. The RAW Project brought together over 30 international artists to do museum worthy murals on the walls of Eneida M. Hartner Elementary. We collaborated with them towards the end of the project to ensure it was completed and participated in the press tour event by speaking on behalf of the neighborhood and Eneida M. Hartner Elementary. F.A.M.E Afterschool - Eneida M. Hartner Elementary is a Title 1 school located in the heart of the Wynwood Art District in Miami, Florida and serves students from Pre Kindergarten to Fifth Grade. Similar to other schools located in at-risk neighborhoods, Eneida Hartner needed support to supplement the current music and arts curriculum. After meeting with the Principal of Eneida and the After School Program Manager, Dr. Derick McKoy and Ms. Emily Gamboa, Foundation 2 F.A.M.E. began collaborating with the after school program midway through the 2016-2017 school year in January 2017. Our curriculum focuses on creative subjects ranging from Music Theory, Improv, Creative Writing, Dance, Art, and Science. November 2017 marks the beginning of the second year of this program, we expect to see growth form the students involved as well as expansion to support other schools in the city. Currently we are slated to begin working with Downtown Miami Charter and their Students in early 2018. HalloWynwood - On October 31, 2016 with held our first HalloWynwood Haunted House at Roberto Clemente Park located in the neighborhood area of Wynwood in Miami, Florida. Foundation 2 F.A.M.E collaborated with the Wynwood/Edgewater NET Office, the Wynwood Coloring Book, the Puerto Rican Chamber of Commerce, The City of Miami Parks & Recreation, The City of Miami Police Department, and District 5 Commissioner Keon Hardemon's office to organize a family friendly event during Halloween to engage the community of Wynwood and provided a safe haven for kids to have fun. The event brought in over 350 kids to enjoy all of the festivities that night including: face paining, arts and craft, music, a pumpkin patch, community information provided by NET, and of course the main attraction the haunted house.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2016)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $127,624
Investment Income $0
Other Revenue $0
TOTAL REVENUE $127,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,288
Fundraising Expenses $0
Program Expenses $95,281
Other Expenses $73,993
TOTAL EXPENSES $95,281

Year-over-Year Comparison

2016 2015 Change
Revenue $127,624 N/A N/A
Expenses $95,281 N/A N/A
Net Income $32,343 $0 N/A
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
2
Independent Members
2
Employees
1
Volunteers
10

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
1
$16,269
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bewille Datelma CEO 50
Officer
$16,269 $0 $16,269
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
2016 $127,624 $95,281 $41,792 $32,343
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