NonprofitsFinancial Alliance For Racial Equity

Community Improvement & Capacity Building

Financial Alliance For Racial Equity

COLUMBUS, OH

Total revenue

$552K

Total expenses

$723K

Net assets

Grants received

EIN

920759505

Tax year

2024

Mission

To increase and drive inclusion within the financial services industry and communities that it serves.

Programs

3 programs

Fare cfp certification diversity scholarship the fare cfp certification diversity scholarship supports individuals from underrepresented communities who aspire to become certified financial planners (cfp). The scholarship provides financial assistance to cover a portion of the cost associated with earning the cfp designation. Scholarship benefits: -financial assistance for cfp coursework and exam fees -networking opportunities with industry professionals -career mentorship and guidance -pathway to increase diverse representation in financial planning

Expenses: $58K

Hbcu live hbcu live is fare's signature annual event designed to connect hbcu students with financial services professionals through interactive workshops, panel discussions, and networking opportunities. This high- energy event provides students with the tools and knowledge needed to excel in the financial services industry. Key features of hbcu live: -panel discussions: industry experts share insights on career pathways, financial literacy, and industry trends. -workshops: hands-on sessions focused on professional development, resume building, and interview preparation. -networking opportunities: students engage with recruiters, mentors, and industry leaders. -student competitions & scholarships: participants have the chance to win scholarships and other career-building opportunities.

Expenses: $322K

Fare mentorship program the fare mentorship program exists to support black professionals with career growth and professional development opportunities. This mentorship program will serve as an industry best practice to elevate awareness in the financial services industry. To create synergy and alignment with financial services industry leaders, the fare mentorship program will utilize content from the american college of financial services to reinforce mentorship circles of four student mentees who will be paired with a fare firm consultant, manager, director, avp, or vp level leader/mentor depending on career goals and interests. Program highlights: -one-on-one mentorship opportunities -career development sessions and industry insights -resume and interview coaching -access to exclusive networking events

Expenses: $60K

Financials

FY 2024

Revenue

Contributions & grants$552K
Program service revenue
Investment income
Other revenue
Total revenue$552K

Expenses

Grants paid
Salaries & benefits$199K
Fundraising$8K
Other expenses$516K
Total expenses$723K
Total assets$25K
Net assets

People

10 listed

NameRoleCompensation

NICOLE RIDLEY

EXECUTIVE DI

Board

$118K

40 hrs/wk

KRISTI RODRIGUEZ

PRESIDENT

Board

5 hrs/wk

AIYISHA ADAMS

BOARD MEMBER

Board

5 hrs/wk

SHANI ARMON

BOARD MEMBER

Board

5 hrs/wk

RHONDA BURNS

BOARD MEMBER

Board

5 hrs/wk

REGINA CURRY

BOARD MEMBER

Board

5 hrs/wk

DONALD ELLENBERGER

BOARD MEMBER

Board

5 hrs/wk

CLARENCE KNOX

BOARD MEMBER

Board

5 hrs/wk

SHAREEN LUZE

BOARD MEMBER

Board

5 hrs/wk

KIZMET MOORE

BOARD MEMBER

Board

5 hrs/wk

Details

EIN920759505
NTEE codeS41
Subsection06
Ruling date2023-05
Formed2023
Employees2
FINANCIAL ALLIANCE FOR RACIAL EQUITY — Mission, Financials & Grants Received | Grantivo